Pru Life VUL matures next month by 4.4%

MANILA, Philippines - Pru Life UK Philippines clients who parked their funds through the pioneering PruLink Capital Secured Plus product are set to earn the benefits of their investment when the product matures next month, in Feb. 15, with a net return of up to 4.4 percent per annum. Pru Link Capital Secured Plus is a peso-denominated single-pay variable life insurance or VUL product that features capital protection and minimum earnings upon maturity. It is the first peso-denominated capital-protected unit-linked life insurance product in the Philippine market. PruLink Capital Secured Plus carries an exclusive retail unit-linked fund – the PruLink Secured Return Fund, which seeks to achieve a stable return in the medium term through investment in high yield reserve assets (HYRA), a dollar-denominated bond instrument issued by the Republic of the Philippines.