PruWealth Endowment Plan

As stated in its benefit illustration, PruWealth is a participating regular premium endowment insurance plan.  Unlike other endowment plans, PruWealth is meant to be long term wealth accumulator that matures only when the life assured turns 100 years old.  That means the plan does not mature in your typical 20 to 30 years that is common in other endowment plans.  Of course, that depends too on the age you are when you purchased the plan.

Some interesting features of this endowment plan are as follows:

• There are various options of premium paying terms ranging from 5 years, 10 years, or 20 years. This basically means it is a limited pay plan where you just need to pay regular premiums for a certain number of years and can stop paying thereafter.
• Death benefit will always be higher than the amount of premiums put in.  This is typical of any endowment plan so I won't elaborate any further. 
• Surrender value comprises both guaranteed and non-guaranteed components. For a 10 year limited pay plan, one can expect the guaranteed component to break even with premiums paid on the 20th year.

Okay. To be absolutely honest, nothing is getting me really excited about this plan.  It does seem like a normal endowment plan which however, does not mature within a fixed number of years.

But it might be suited for people who prefer a little more flexibility with their endowment plans especially if they have no immediate need to cash out.  So this plan that lasts until you are 100 years of age might be good since it can be used to meet whatever needs that might arise instead of having to roll it into another endowment plan. One thing to note though is that the guaranteed component stops increasing after some time so most of the returns will be dependent on the non-guaranteed component especially if one chooses to hold on to it for a long time.

Caveat:

I am neither an insurance agent or financial advisor.  Just dissecting this plan for information purposes.