Prudential Life Insurance Company Review [2024]
Prudential life insurance rates start at just $12 per month. In our Prudential life insurance company review, we discuss the company offering a variety of policy options, including Prudential Term Essential, PruLife Return of Premium, and more. Quotes will depend on factors like your age and health.
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Travis Thompson
Licensed Insurance Agent
Travis Thompson has been a licensed insurance agent for nearly five years. After obtaining his life and health insurance licenses, he began working for Symmetry Financial Group as a State Licensed Field Underwriter. In this position, he learned the coverage options and limits surrounding mortgage protection. He advised clients on the coverage needed to protect them in the event of a death, critica...
Licensed Insurance Agent
UPDATED: Jul 29, 2024
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Prudential life insurance company is one of the nation’s long-living life insurance providers. Prudential offers universal and term life insurance quotes, as well as several other options.
Choosing between life insurance companies shouldn’t be so hard. That’s why our Prudential life insurance company review will help you learn more about Prudential life insurance policies, Prudential life insurance ratings, and where to get Prudential life insurance. We’ll help you learn if term life insurance with prudential is a good choice for you.
Ready to start shopping for cheap life insurance? Take advantage of our FREE quote tool above to compare the best rates from top life insurance companies in just minutes.
What is Prudential Life Insurance Company?
For more than 140 years, Prudential Financial, Inc., has helped individual and institutional customers grow and protect their wealth. Today, they are one of the world’s largest financial services institutions with operations in the United States, Asia, Europe, and Latin America.
Prudential Life Insurance also has one of the most recognized and trusted brand symbols: The Rock ®, an icon of strength, stability, expertise, and innovation.
Prudential strives to create long-term value for stakeholders through strong business fundamentals, guided by its vision and directed by the company’s core values. These values have led us to this Prudential Life Insurance review for 2020.
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Is Prudential life insurance good?
This company is powerful and stable. With billions in assets, they should have no problems paying your beneficiaries if and when the time comes. With stability like theirs, you shouldn’t have to worry about any major company mergers.
Who took over Prudential Life Insurance? Most notably, they partnered with Goldman Sachs to buy an annuities company, American Skandia. They are still building – so nobody has taken them over yet.
Prudential is also well-known for its stocks, according to Forbes. This is important if you’re looking to invest in Prudential.
What is the rating of Prudential Life Insurance Company?
Founded in 1873, Prudential Life Insurance has continuously grown to one of the stronger insurance providers in the United States. What is the rating of Prudential Insurance Company?
A.M. Best Rating: A+
S&P Rating: AA-
Prudential Life Insurance Company has high-quality ratings for financial strength. They are also a leader in market share percentage, so they are doing just fine.
What is the highest-rated life insurance company? Well, this depends on who you ask; however, Prudential might be in that conversation.
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At the end of the day, AIG life insurance reviews, Metlife insurance reviews, and even Transamerica life insurance reviews will likely come back with some great reports just as Prudential will.
The industry is competitive, so most common names are in strong standing. This is why it’s important to read Prudential insurance reviews before making a decision.
Prudential complaints and customer service show that there has been a significant number of complaints throughout the past 12 months.
Even as a large company, they have closed 70 complaints within the past 12 months, according to the the Better Business Bureau. You can see the top 165 Prudential reviews on the consumer affairs website. Their average is around a 4/5.
To contact Prudential customer service, call 1-800-778-4357.
Prudential Life Insurance Claims
You can file a Prudential life insurance claim online. While the claim can be started without a Prudential Life Insurance login, you may need that information to follow up on the claim status.
Prudential Life Insurance customer service is available to help with filing a claim as well as to answer any questions about the process.
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What life insurance policies does Prudential Life Insurance Company offer?
Is prudential life insurance good? Prudential Life Insurance Company can be considered one of the best life insurance companies. They have an assortment of policy options to help a variety of buyers.
In this article, we focus primarily on Prudential term life insurance. While they aren’t known for Prudential whole life insurance, they do have some other permanent life insurance options.
Included with Term Life Insurance Prudential
Accelerated death benefit: Included at no extra cost. The Accelerated Death Benefit (ADB) payment is payable in the event of a qualifying terminal illness. This is often referred to as term life insurance with living benefits.
The ADB is based on a portion of the policy’s death benefit, subject to a maximum benefit amount, which is the lesser of $500,000 or 75% of the death benefit.
The ADB is treated as a lien, which accrues interest. Upon the death of the Insured, the death benefits payable are reduced by the total ADB lien. Available in all states except CT.
Conversion Option
Included at no extra cost. Convertible to the lesser of the level-premium period or to the first policy anniversary on or after the insured’s 65th birthday, but at least five years. Partial conversions are permitted.
MediGuide Medical Second Opinion
Included at no extra cost. The MediGuide Medical Second Opinion Program provides services should the Insured be diagnosed with a qualifying life-threatening condition or disease.
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MediGuide America will collect and assemble all medical records and obtain a medical second opinion and recommend three facilities, at no cost to the Insured. Available in all states except KS, NY, WA.
Optional Prudential Term Life Insurance Features
Prudential Life Insurance offers a variety of option term life insurance riders. These may or may not be added to your policy, depending on your needs.
Additional Term Insurance Rider
Available with extra premium. Additional Term Insurance Riders (AIR) can provide additional temporary life insurance coverage for 10, 15, or 20 years, after which coverage ceases.
Children’s Life Insurance Rider
The Children’s Life Insurance Rider (ICC14-CLIR) provides death benefit protection for families with one or multiple children. A single rider covers all eligible children to the earlier of the child’s 25th birthday, the insured’s 65th birthday, or policy termination.
Eligible children of the policy insured (not the owner) include any unmarried child, stepchild, or legally adopted child, who is not beyond his or her 18th birthday at the time of application.
Available only at policy issue when the primary insured person is between the ages of 20 and 55, age nearest birthday.
Waiver of Premium Rider
Available with extra premium. Banner Life Insurance Company will waive all premiums that are due during total disability if given due proof of total disability and such total disability has then existed continuously for at least six months. Waiver of Premium coverage ceases at the Insured’s attained age 65.
What is Prudential Term Essential?
Prudential Term Essential is just that, essential. The term essential meaning is just to say that this policy covers the essentials, whereas Term Elite offers increased benefits. As mentioned before, there are options within Prudential term life insurance.
Term Essential and PruLife Return of Premium Term are issued by Pruco Life Insurance Company in all states except New York, where they are issued by Pruco Life Insurance Company of New Jersey.
Both are Prudential Financial companies located in Newark, NJ. Product availability varies by state. Return of premium life insurance is one of the more desirable policy types for younger adults that may outlive their policy.
The Term Essential form number is PLTIC-2008. The form number for the Accidental Death Benefit is TB 113-2000 and the Children’s Protection Rider is TB 182-2000.
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The Return of Premium rider form numbers are ICC13 TB167(15)-2013, TB167(15)-2013, ICC13 TB167(20)-2013, TB167(20)-2013, ICC13 TB167(30)-2013, and TB167(30)-2013. Please note that the product may not be available in all states.
Prudential Term Life Insurance Products
Term Essential is Prudential’s most affordable term product, offering a death benefit at a competitive initial premium. It offers 10-, 15-, 20-, and 30-year level-premium periods.
Term Essential 10: term life insurance with level premiums during the initial 10-year period. Premiums increase annually in years 11 and later.
Term Essential 15: Term life insurance with level premiums during the initial 15-year period. Premiums increase annually in years 16 and later.
Term Essential 20: Term life insurance with level premiums during the initial 20-year period. Premiums increase annually in years 21 and later.
Term Essential 30: Term life insurance with level premiums during the initial 30-year period. Premiums increase annually in years 31 and later.
PruLife Return of Premium returns all premiums, less any contract debt, if all premiums have been paid and the insured is alive at the end of the level-premium paying period.
PruLife Return of Premium Term: Term life insurance with level premiums during the initial 15-year period. All premiums are returned to the policy owner at the end of the term period.
PruLife Return of Premium Term: Term life insurance with level premiums during the initial 20-year period. All premiums are returned to the policy owner at the end of the term period.
PruLife Return of Premium Term: Term life insurance with level premiums during the initial 30-year period. All premiums are returned to the policy owner at the end of the term period.
Important Note: PruLife®Return of Premium Term returns all premiums paid during the level premium period selected if the insured lives to the end of the selected period. Returned premiums do not include any outstanding loans and interest owed.
The amount returned may vary on a case-by-case basis if the policy lapses or is surrendered, before the end of the level premium paying period.
How much does term life insurance with Prudential cost?
All life insurance companies rely on the same basic variables to determine your life insurance rates. This includes age, gender, overall health, occupation, and much more. Whether or not affordable Prudential life insurance is available to you depends on several factors.
Sample Prudential Term Life Insurance Rates (Female/Non-smoker)
| Age | $250,000: 10-Year Term | $250,000: 20-Year Term | $500,000: 10-Year Term | $500,000: 20-Year Term |
|---|---|---|---|---|
| 30 | $15.53 | $17.28 | $23.63 | $27.13 |
| 40 | $17.28 | $22.53 | $27.13 | $37.63 |
| 50 | $30.41 | $40.03 | $53.38 | $72.63 |
| 60 | $47.25 | $89.91 | $87.07 | $172.38 |
As you can see above, Prudential’s rates increase based on age and coverage. Males can typically expect to pay more for life insurance. Understanding life insurance rating classes will help you better understand why your rates are more or less expensive than others.
Top Term Life Insurance Companies Rates Comparison
| Companies | $100,000, 20-Year (Male - 40) | $250,000, 20-Year (Male - 40) |
|---|---|---|
| Minnesota Life | $11.04 | $21.00 |
| MassMutual | $12.53 | $20.68 |
| State Farm | $21.40 | $33.72 |
| Prudential | $17.50 | $24.50 |
| Farmers | $33.93 | $36.85 |
Prudential Life Insurance rates tend to fall in between many other top life insurance providers. In general, they offer better bargains for term life insurance policies of 20 or 30 years. Your Prudential life insurance quotes will vary based on your personal information.
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Prudential Life Insurance Company Review: The Bottom Line
If you’re looking for a strong company with multiple options for life insurance, Prudential Life might be for you. Whether you need standard term life insurance or the flexibility of universal life insurance, Prudential has various policy options.
Before you buy Prudential life insurance, you should always compare your options by shopping around.
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Comprehensive Overview of Prudential Insurance Offerings
When considering quotes for Prudential disability insurance, it’s essential to understand the value of comprehensive coverage in protecting your income in the event of a disability. Prudential’s living needs benefit is a standout feature that allows policyholders to access a portion of their death benefit early in cases of terminal illness, adding a layer of financial security during challenging times.
The reviews of Prudential health insurance consistently highlight the company’s commitment to customer satisfaction and robust health coverage options.
Rates for Prudential term life insurance are competitive, making it an attractive option for those seeking affordable life insurance solutions. The conversion rates for Prudential life insurance policies are flexible, offering policyholders the ability to convert term policies to permanent ones without undergoing additional medical exams.
Pruco Essential plans from the Pruco Life Insurance Company, a subsidiary of Prudential, receive favorable ratings for their tailored coverage options and reliability.
Prudential Insurance maintains strong ratings across various product lines. The rating of Pruco Life Insurance Company reflects its financial strength and customer trust, while the rating of Prudential Insurance underscores its reputation in the industry.
Prudential car insurance and Prudential home insurance reviews further illustrate the company’s dedication to providing comprehensive and reliable coverage. Whether you are seeking life, health, car, or home insurance, Prudential’s diverse offerings cater to a wide range of needs, ensuring peace of mind for policyholders.
A Detailed Insight into Prudential’s Insurance Services
When exploring Prudential Life Insurance company information, it’s clear that Prudential is a leader in providing a variety of insurance products designed to meet diverse customer needs.
Prudential offers life coverage that ensures financial security for beneficiaries in the event of the policyholder’s death. Additionally, the Prudential Life Insurance company ratings reflect its solid financial stability and strong market reputation, making it a trusted choice for life insurance.
For those tracking the status of Prudential life insurance policy, Prudential provides easy access to policy information and updates, ensuring transparency and customer convenience. Among their various offerings, Prudential child insurance stands out as a valuable option for securing the future of your children with tailored coverage plans.
For vehicle owners, Prudential auto insurance delivers comprehensive protection and peace of mind on the road. The reviews of Prudential annuities are generally positive, highlighting the beneficial features and reliable returns of their annuity products.
Customer feedback in Pruco Life Insurance reviews shows satisfaction with the company’s service and product range. Group universal life insurance from Prudential offers flexible and affordable coverage options for employees, enhancing employer-provided benefits.
The different rating classes for Prudential life insurance ensure that policies are customized according to the policyholder’s health and lifestyle, providing the best possible rates and coverage options. Prudential’s commitment to excellence across all these areas makes it a top contender in the insurance industry.
Understanding Prudential’s Comprehensive Insurance Solutions
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Comprehensive Guide to Prudential Life Insurance and Its Benefits
Filing a death claim for Prudential life insurance is a crucial process for beneficiaries seeking the financial support promised by the policy.
The phone number for Prudential life insurance death claim is readily available on the Prudential life insurance website, ensuring that beneficiaries can easily access assistance when needed. Prudential’s robust system ensures that claims are handled efficiently, providing peace of mind during difficult times.
The products of Prudential life insurance are diverse, catering to a wide range of needs. From individual life insurance from Prudential to group universal life insurance from Prudential, the company offers solutions that provide comprehensive coverage.
One of the standout options is the 30-year term life insurance from Prudential, which offers long-term protection at an affordable rate. Additionally, the cash value of Prudential life insurance policy grows over time, providing policyholders with a valuable financial asset.
Understanding the premiums for Prudential life insurance is essential for policyholders to manage their financial planning effectively. The Prudential insurance premium varies based on the type and amount of coverage, with options like Prudential life assurance products offering tailored solutions to fit individual needs.
The value of Prudential life insurance policy extends beyond death benefits, often including features like the Prudential life insurance cash value, which can be accessed during the policyholder’s lifetime.
The benefits of Prudential life insurance are extensive, offering policyholders security and peace of mind. Prudential A.M. Best rating reflects the company’s financial strength and reliability, making it a trusted choice for life insurance.
Whether opting for life insurance from Prudential or exploring Prudential car insurance quote, customers can expect top-tier service and comprehensive coverage options that meet their needs.
For those seeking more information about Prudential insurance, the Prudential life insurance website provides detailed descriptions of all available policies and services.
This includes insights into the prudential insurance premium structure and the various products of Prudential life insurance. With a reputation for excellence and a broad array of offerings, Prudential stands out as a leader in the insurance industry, providing valuable protection and peace of mind to its policyholders.
Frequently Asked Questions
Is Prudential a good life insurance company?
Prudential is generally considered a good life insurance company with a strong reputation.
