PRULife
Protector II
Product Brochure
Policy Reverse Mortgage Programme
Eligible Life Insurance Plan
PRULife Protector II is now eligible for simplified application under the Policy Reverse Mortgage Programme, providing you with liquidity more quickly to support your dream retirement.
Different death benefit settlement options to safeguard your family
You can choose how you would like us to pay the death benefit while the life assured is still alive through the Death Benefit Settlement Option; as a lump sum, in monthly instalments or a mix of both.
Please refer to here for more details of the Death Benefit Settlement Options
Long-term savings for retirement and beyond
Leave a lasting legacy for your family
Financial protection against accidental death
Extra features
Payor accidental death protection
We’ll pay a lump sum that would cover future premiums if the policyholder passes away in an accident.
Flexible premium terms & supplementary benefits
Choose to pay premiums over a period that suits you & add supplementary benefits for more protection.
Learn more
Important information
Please also refer to our brochure on With-Profits plans for information (such as investment philosophy and bonus philosophy) on your With-Profits plan and the operation of a With-Profits Fund.
During the sales process, this document should be read in conjunction with the relevant product brochure. For full terms and conditions, and risk disclosures of the relevant insurance plan, please refer to relevant product brochure and policy document and read carefully.
Important notes for Policy Reverse Mortgage Programme ("PRMP")
Please note that this product is an eligible life insurance plan under PRMP, but it does not necessarily mean that your PRMP application will be approved. The eligibility of this product under the PRMP is based on the features of the product. Therefore, you and your life insurance policy are still required to meet all the eligibility requirements under PRMP before you apply for the policy reverse mortgage loan.
The general information provided on PRMP is for reference only, and you should not make any decisions based on such information alone. You should always seek for advice from professional bodies if you have any doubts. Please note that the information provided is subject to change including the eligibility criteria for PRMP. We do not take any responsibility to inform you about any changes and how they may affect you. The Policy Reverse Mortgage Programme is operated by HKMC Insurance Limited, a wholly-owned subsidiary of The Hong Kong Mortgage Corporation Limited. For further information, please refer to The Hong Kong Mortgage Corporation Limited website: www.hkmc.com.hk.
Notes
PRULife Protector II is underwritten by Prudential Hong Kong Limited (“Prudential”). You can always choose to take out this plan as a standalone plan without enrolling with other type(s) of insurance product at the same time, unless such plan is only available as a supplementary benefit which needs to be attached to a basic plan. This document does not contain the full terms and conditions of this plan and is for reference only. It does not represent a contract between Prudential and anyone else. You should read carefully the risk disclosures and key exclusions (if any) contained in this brochure. For further details and the full terms and conditions of this plan, please ask Prudential for a sample of the policy document.
Prudential has the right to accept or decline any application based on the information provided by the policyholder and/or life assured in the application.
Please cross your cheque and make it payable to “Prudential Hong Kong Limited”
This document is for distribution in Hong Kong only. It is not an offer to sell or solicitation to buy or provide any insurance product outside Hong Kong. Prudential does not offer or sell any insurance product in any jurisdictions outside Hong Kong where such offering or sale of the insurance product is illegal under the laws of such jurisdictions.
