PruWealth's brochure can be found here.

I'm pretty appreciative for the different perspective, thoughts and response offered. I think the topic discussed also open up more things for me to write about. In this post, I'll clarify some details as well as explore some of the discussion from the comments.



1) 20-year plan
The plan matures at year 20, thereafter which there will not be contributions to the principal sum any longer. However, when I signed up for this, I was indeed going for the long haul (I don't see a need to draw down until I'm in my 50s at the earliest - see point 2 below)

2) Purpose of signing up for the policy
Long-term savings with a view of being able to do one or more of the following:
- Passing on of wealth to my next-of-kin or