Key Benefits:

1. Death Benefit - Beneficiaries will receive the guaranteed death benefit equal to 200% of the Sum Assured, plus any accumulated dividends and any accumulated guaranteed payouts in case of the Life Insured's death. Outstanding policy loans and interest if any will be deducted.

2. Maturity Benefit - Receive 200% of the Sum Assured plus any remaining accumulated dividends and any accumulated payouts if you reach the policy maturity date. Outstanding policy loans and interest, if any, will be deducted.

3. Guaranteed Cash Payouts - Get guaranteed payouts equal to 5% of the Sum Assured starting at the 6th policy year until the plan’s maturity, as long as the Life Insured is alive during payout dates. The guaranteed payout may be left to accumulate with interest set by the Company. The payout accumulation rate is not guaranteed. 

4. Accumulation of Cash Values - The policy accumulates cash value starting on the 2nd policy year. The amount of cash value depends on the policy's Sum Assured, the length of time it has been in force, and the length of the premium payment period. Policy loan may be applied from the accumulating cash values and is given once the policy is surrendered. Once the policy is surrendered, it also terminates. The insurance coverage ends and will also forfeit future guaranteed cash payouts. If your policy has available cash value, you may select any of the Non-Forfeiture Options available at any time.

5. Non-Guaranteed Dividends - Receive a portion of the Company’s dividends starting at the third (3rd) policy year and can be paid in cash, applied to premium due or left to accumulate interest set by the company. Dividends and dividend accumulation rates are not guaranteed.

1. Optional Riders* - Upgrade your PRULifetime Income policy with any of the following riders for a more comprehensive protection.

   1. Total and Permanent Disability Plus (TPD+) Rider - You get lump sum cash when you become totally and permanently disabled due to bodily injury or disease.

   2. Accidental Death and Disablement (ADD) Rider - You benefit from additional cash in case of accidental death, disablement, or dismemberment.

   3. Personal Accident (PA) Rider 

      • You can have comprehensive accident benefits on top of the life coverage amount.

      • You can add any of the following riders with Personal Accident for extra protection - Accidental Death and Disablement, Accidental  Total and Permanent Disability, Murder & Assault, Double Indemnity, Field Trip Coverage, Dangerous Sports Coverage, and  Accidental Medical Expense Reimbursement.

   4. Waiver of Premium on Total and Permanent Disability (WPTPD) - Your subsequent premiums will be waived when you become totally and permanently disabled due to bodily injury or disease. Waiver of Premium on Total and Permanent Disability waives the premium of the base plan, Accidental Death and Disablement, and Personal Accident Riders.

   5. Payor Waiver of Premium Benefit - Subsequent premiums of a child insured (up to age 25) will be waived if the payor dies or becomes totally and permanently disabled. Payor Waiver waives the premium of base plan, Accidental Death and Disablement, Personal Accident and Total and Permanent Disability Plus Riders.

   *All riders can be attached as long as the Life Insured is within eligible issue age. This plan and other benefits attachable to it have other conditions and exclusions that may affect the payment of the insurance proceeds. The complete terms and conditions are found in the Policy Contract. In the event of conflict between this material and the Policy Contract, the latter shall prevail.

2. Non-forfeiture Options (NFO) - these are options that the Policyowner selected during product application which s/he can apply when premium due is not paid within the grace period and the Policy has accumulated cash value to keep the policy in force. The following are the Non-Forfeiture options available for this plan: Extended Term Insurance, Net Surrender Value, Reduced Paid-up Insurance, or Automatic Premium Loan. Accumulated dividends and cash payouts may be included in the computation of the selected NFO and outstanding policy loans and interest (if applicable) will be deducted from any of these non-forfeiture options. 

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