P R U D E N T I A L

Z A M B I A

Pru Dollar

Pru Dollar Platinum Saver is a single premium savings policy, designed to allow regular withdrawals by the insured over a fixed period.

Policy Benefi­ts

The policyholder may make partial withdrawals up to 10.0% of the current account value after each completed year of the policy. If the policyholder chooses to withdraw less than 10.0%, the residual % carries forward and can be used in future years. Withdrawals are not limited to the policy anniversary, but a maximum of two withdrawals can be made in any policy year. The surrender charge is waived on these withdrawals.

At the end of the policy term the policyholder will receive the full account value plus a maturity bonus, if no withdrawals have been taken.

Paid at maturity, this is ‘X’% of the account value at maturity, where ‘X’ is the policy term in years. If there has been top up premiums paid, ‘X’ is the weighted average time (in years) from premium payment date to maturity date for all premiums paid. This bonus is only paid if no partial withdrawals were taken.


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Features

  • Issue Ages: 19-70, subject to a maximum maturity age of 75
  • Policy terms: 5-20 years
  • Single premium at policy issue; top-up premium may be paid any time after issue.
  • Interest crediting rate based on Company earnings rate: target spread for PLAZ is 3.5%
  • Life insurance benefit; payment of account value without surrender charge plus USD 1,300.00
  • Charges to cover the cost of the life insurance will be deducted from the account value monthly
  • Minimum single or top-up premium is USD 2,500.00
  • Risk Premium Charge: USD 1.00