Pru Life UK launches new dollar-denominated fund offering a target payout rate of 5% per year

Pru Life UK has introduced PRULink Dollar Cash Flow Fund Plus, a professionally-managed investment-linked life insurance fund that offers potential payouts of up to 5 per cent annually or 1.25 per cent quarterly.

This new US dollar-denominated fund is invested in a diversified global asset portfolio consisting primarily of US high-yield bonds, Asian bonds, global equities, and other dividend yielding assets.

“PRULink Dollar Cash Flow Fund Plus provides our customers with additional choice on where to invest their US dollars while being assured of the benefits of life insurance.  At Pru Life UK, our mission is to help Filipinos get the most out of life through our innovative and customer-centric products such as those for the purpose of wealth accumulation,” says Pru Life UK President and CEO Eng Teng Wong.

“The markets remain volatile and a reliable source of potential cash payouts can help address certain liquidity needs – which this new fund primarily aims to achieve for our customers.  We are expanding our suite of investment-linked life insurance funds with this new US dollar-denominated fund option, offering up to 5 percent potential annual payout. This also suits customers who want to diversify their wealth—whether for their business, children’s education, or even retirement,” said Wong.

PRULink Dollar Cash Flow Fund Plus is one of the funds new and existing customers can invest in with their newly purchased US dollar-denominated PRUMillionaire or PRULink Investor Account Plus from up to December 28, 2023. Both are one-time pay investment-linked life insurance plans that help customers achieve their medium-to-long-term wealth goals.

This new fund is ideal for individuals with moderate to aggressive investment risk appetite. It is  managed by Eastspring Investments, the asset management arm of Prudential plc.

Note: * The underlying assets of the Fund are not limited to the above and may change for diversification and asset allocation purposes at the discretion of the Fund Manager.