The newest member to Pru Life UK’s family of well-managed investment-linked life insurance funds, PRULink Cash Flow Fund Plus, includes a high payout rate of up to 6% yearly or 1.5% quarterly.
Customers with a moderate to aggressive risk appetite and medium- to long-term financial goals have access to this new fund across the first quarter of the year.
The fund manager of PRULink Cash Flow Fund Plus allocates between 25% and 65% of its assets to a diverse portfolio that consists mostly of US high-yield bonds and Asian bonds with higher coupons or income.*
In addition to investing in international bonds, up to 20% of the fund is allocated to international equities, which provide a second source of income in the form of dividends and typically serve as a sign that a company has a stable track record of profitability and financial strength.
The Asset Triple A Sustainable Investing Awards in 2021 honored Eastspring Investments as the Asset Management Company of the Year in the ASEAN area for its professional management of the fund. PRULink Funds have been under the management of Eastspring Investments for more than a decade now.
According to Pru Life UK President and CEO Eng Teng Wong, “Our mission is to help Filipinos achieve financial security through our innovative and customer-centric products ranging from life to health protection and investments.” “We are confident that the combination of our 33,000-strong digitally empowered agency force, digital assets, and like-minded partner ecosystems will further enable us to help many more Filipino families live healthier and wealthier lives,” the statement continued.
For an exclusive time, PRULink Cash Flow Fund Plus is only attainable for customers who sign up for a new PRUMillionaire or PRULink Investor Account Plus denominated in pesos. Both are one-time payment investment-linked life insurance products that provide consumers with guaranteed insurance protection while assisting them in reaching their medium- to long-term financial goals.
The successful PRULink Cash Flow Fund USD and PHP-hedged share classes, which were introduced to the market in 2014 and 2018, respectively, serve as the foundation for PRULink Cash Flow Fund Plus. Since their inception, these funds have successfully achieved their 4% payout-per-year goal.
“We implore everyone to spend their hard-earned money more sensibly. According to Pru Life UK Vice President for Investment Marketing Mark Anthony Valino, “It is only fitting that we launch the PRULink Cash Flow Fund Plus as a new fund option for our valued customers, especially for those looking for capital growth and a potential regular source of cash in these uncertain times.
Pru Life UK, which was founded in 1996, is one of the first life insurance firms authorized to offer investment-linked life insurance policies in the Philippines denominated in US dollars. It is also the pioneer of insuravest, or investment-linked life insurance products. The largest life insurance agency force in the Philippines, Pru Life UK now has more than 190 branches and more than 33,000 licensed agents since it was founded.
According to the Insurance Commission, the company has been the top life insurer in the Philippines for two years in a row based on new business annual premium equivalent and lead the ranking for renewal premium income from variable life insurance products in 2021. The headquarters of Pru Life UK is based in Uptown Bonifacio, Taguig City.
Prudential Financial, Inc., a company whose principal place of business is in the United States of America, Prudential Assurance Company, a subsidiary of M&G plc, a company incorporated in the United Kingdom, Philippine Prudential Life Insurance Company, Prudentialife Plans, Inc., or Prudential Guarantee and Assurance, Inc., all companies registered in the Philippines, are not associated with Pru Life UK and Prudential. Pru Life UK is a life insurance firm; it does not deal in the pre-need insurance market.
