Why do people save?

Emergencies
e.g. Medical/Hospital Needs

Childrens Education

Retirement or a better lifestyle

Investments

Where do people save? In the Bank!

Regular Savings Account

Pru Life UK Savings Account

P6,000/month
X 12
P72,000 + interest in one year

P6,000/month
X 12
P72,000

Diagnosed with critical illness

after a year; Disabled or Accident

Diagnosed with critical illness

after a year; Disabled or Accident

0 balance

P2,000,000 Critical Illness Fund

Available after 90 days
P2,400,000 Disability Fund
Available after 6 months
P3,000,000 Accident Death & Disablement
Benefit, P3,000,000 Accident Total and
Permanent Disability, P100,000 Medical
Reimbursement
Available immediately
P10,400,269.77 Retirement Fund
Available on Year 41. Age 60
P2,000/day, ICU P4,000/day, Surgery
P30,000, Long Term P2,000/day
Available immediately

PPP with benefits. Clients age 19

These figures are for illustration purposes only and should not be construed as guaranteed income.

P3,000,000 Death benefit

Available immediately

Where do people save? In Pru Life UK!

Regular Savings Account

Pru Life UK Savings Account

P6,000/month
X 12
P72,000 + interest in one year

P6,000/month
X 12
P72,000

Diagnosed with critical illness

after a year; Disabled or Accident

Diagnosed with critical illness

after a year; Disabled or Accident

0 balance

P2,000,000 Critical Illness Fund

Available after 90 days
P2,400,000 Disability Fund
Available after 6 months
P3,000,000 Accident Death & Disablement
Benefit, P3,000,000 Accident Total and
Permanent Disability, P100,000 Medical
Reimbursement
Available immediately
P10,400,269.77 Retirement Fund
Available on Year 41. Age 60
P2,000/day, ICU P4,000/day, Surgery
P30,000, Long Term P2,000/day
Available immediately

PPP with benefits. Clients age 19

These figures are for illustration purposes only and should not be construed as guaranteed income.

P3,000,000 Death benefit

Available immediately

Sample Computation Hospital Income Benefits if confined due to

illness/accident
Hospital Income per Day P2,000 X 52 days

= P 104,000

ICU Income

= P 136,000

per Day P4,000 X 34 days

Long Term Hospital Income per Day P2,000 X 22 days

=P

44,000

SURGERY

=P

30,000

max P30,000

TOTAL:
July 31, 2012
Day 1

= P314,000

Aug. 30, 2012 Sept. 3, 2012

Day 30

Day 34

34 days Confined in ICU

22 days Long term benefit
52 days Confined

Sept. 21, 2012

Day 52

Hospital income, Surgery,

Long term hospitalization, ICU
Benefit
TOTAL: P314,000
Accidental Medical
Reimbursement
TOTAL: P100,000
Accelerated Total and Permanent
Disability
TOTAL: P2,400,000
Refund of premium August 2012
February 2013 (7months x P6K)
TOTAL: P42,000
Accidental Disablement
TOTAL: P3,000,000
Accidental Total and Permanent Disability
TOTAL: P3,000,000
Accident Renewal Bonus
TOTAL: P100,000

Imagine that the container on the Right is their RIGHT POCKET which contains their
savings and time deposit accounts and the Left container is their LEFT POCKET
which at present is empty. I would then suggest that getting life insurance is like
transferring money from your Right POCKET to your LEFT POCKET. With the money
they have in their Right POCKET (savings) paying the premiums would mean getting
some money from their savings and putting it on the LEFT POCKET would mean
more benefits in the long term and the money still belongs to them since this is just
a transfer of funds.

SUM ASSURED
+ FUND VALUE
+ CRITICAL
ILLNESS
COVERAGE
+ HOSPITAL
BENEFIT
+ DISABILITY
BENEFIT
OPTIONAL RIDERS
+ ACCIDENT
+ WAIVER OF
PREMIUM