This policy offers death benefit from $50,000 to $250,000 with no medical exam required.
· Term Essential®
This policy offers affordable 10 to 30-year terms, and is the cheapest product offered.
· Term Elite®
This policy offers you the chance to convert your policy into a permanent one. It is like Term Essential® and offers conversion privileges.
· PruTermWorklife 65SM
This is a niche product, which is unique to Prudential and is for people who want to replace lost income. The policy is for people till the age of 65, and comes with benefits like 1-year Unemployment coverage, and free Waiver of Premium.
· PruLife® Return of Premium Term
This policy helps people get returns on their money, if they manage to outlive their policy.
· PruTermSM One
This policy has annual renewable terms and is for people, who only need coverage for a short time. It is an affordable choice and offers death benefit coverage for a maximum of 4 years.
If you want a life-insurance policy that lasts for your entire life, then get the Universal Life policy from Prudential. Like all the rest of their policies, they offer loads of options with their universal life, which include the following:
- PruLife® Universal Protector
- PruLife® SUL Protector
- PruLife® Universal Plus
· The PruLife® Universal Protector
This policy offers guaranteed death benefit for all ages and for your entire life. You will pay higher premiums if the guarantee length if longer, and any withdrawals or loans will affect the guarantee if you don’t pay them back.
· PruLife® SUL Protector
This policy is the same, but offers coverage for two people. The policy is used for transferring estates or wealth, and doesn’t payout a death benefit unless both policyholders are dead.
· PruLife® Universal Plus
This is the best policy if you want great cash value build-up with no risk.
The indexed universal policies from Prudential are a less common option, as a lot of people prefer getting variable universal life insurance. There are different options offered with the indexed universal life policy, which includes:
- PruLife® Founder’s Plus UL
- PruLife® Index Advantage UL
- PruLife® Survivorship Index UL
· The PruLife® Founder’s Plus UL
This policy lets you choose between growth tied to the market like the S&P 500 or choose a fixed interest rate.
· The PruLife® Index Advantage UL
This policy has more income potential and options, but is the same.
· The PruLife® Survivorship Index UL
This policy has a dual-life structure to help easier wealth transfer.
Prudential offers two different options when it comes to their variable universal life insurance products, which include the following:
- VUL Protector®
- PruLife® Custom Premier II
· The VUL Protector®
This policy offers a death benefit guarantee, and allows you to use other investment types and mutual funds for growth.
· The PruLife® Custom Premier II
This policy offers growth in the life insurance policy, with guarantees.
Prudential Life Insurance Reviews of-Prudential Life Insurance Riders
A lot of people don’t understand the purpose of riders with their insurance policy. The riders are an additional supplement that improves the entire policy. There are times when getting riders with the policy means paying extra, but the additional costs are clearly worth it. If you are confused or worried about the policy riders from Prudential Life Insurance, then you can review them here:
Ø BenefitAccess Rider
The accelerated death benefit rider offers the policyholder to access their death benefits, while alive, if they suffer from a terminal or chronic illness. Prudential Life also lets you access the entire death benefit amount with no restrictions being put into place. That is better than most companies, which only allow 50% of the death benefit to be accessible.
Ø Living Needs Benefit
The living needs benefit rider ensures that you can acquire the death benefit quickly when you are confined to a nursing home or diagnosed with a terminal illness. The rider is applied automatically with term life insurance policies offered by Prudential.
Ø MyNeeds Benefit
The MyNeeds benefit rider is a unique product, only offered in the PurLife Universal Plus policy. If the policyholder requests a withdrawal from the cash value or cash surrender when they have been transferred to a nursing home, the charges of the policy linked with the transactions are waived.
Ø Waiver of Premium
Prudential Life loves making things easier for people looking to buy life insurance in the United States. That is the reason why their waiver of premium policy is perfect for those who have become disabled due to an accident or old-age.
Ø Children’s Rider
Every child needs their own life insurance policy, which can be a part of the life insurance policy of the parent. The Children’s Rider can also be converted into a whole life policy in the future.
Ø Accidental Death Benefit
This is a common rider that comes with a lot of life insurance policies, and it adds more benefit to the death benefit you have already, if the policyholder dies from an accident.
Ø Overloan Protection Rider
The Overloan protection rider is only for the Universal Life policies, and is a charge that is applied once and ensures that the policy doesn’t lapse if the policyholder has outstanding loans.
Ø Enhanced Cash Value
The Enhanced cash value rider ensures that you can choose to cash out a higher cash value from your insurance policy, but it is only available in the Universal Life policy.
Ø Guaranteed Policy Split Rider
This rider is only offered in the Survivorship policies, and ensures that the policy can be divided into different policies if the insured couple get a divorce.
Ø Estate Protection Rider
This rider is also a part of the Survivorship policies, and helps increase death benefit by more than 100% if the policyholders die before the policy has been active for 4 years.
The Bottom Line
Don’t be overwhelmed by the mass amounts of Prudential Life Insurance Reviews available. Hopefully our review helped with this.
When it comes to life insurance companies, there are only a select few that can stand at the top with Prudential Insurance Company. It is an iconic institution all over the world, and continues to deliver outstanding financial and insurance products to its customers. If you are looking for a solid life insurance company, then there aren’t many that are better than Prudential.
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