Prudential Life Insurance

Prudential Life Insurance Review

Prudential life insurance Pros & Cons

Prudential is a life insurance carrier based in Newark, NJ. The company was founded in 1875 and offers life insurance products in 50 states (and Washington, DC).

Prudential life insurance FAQ

What types of life insurance products does Prudential offer?

Life insurance companies typically offer a wide variety of life insurance options. One of the best ways to save money on life insurance products is to avoid unnecessary coverage. Only purchase life insurance policies and riders you actually need.

Here is a brief description of life insurance options Prudential offers.

• Term Life Insurance - This is the simplest type of life insurance policy. Term life insurance policies are payable if the insured person dies within a specific period of time, such as 5, 10, or 30 years. Prudential life insurance offers term lengths ranging from 10 to 30 years. Death benefit amounts range from $50,000 to $10,000,000.
• Universal Life Insurance - This type of universal life insurance policy guarantees a fixed death benefit and an investment account. The cash value of the investment account will vary depending on the portfolio's performance.
• Variable Universal Life Insurance - These types of universal life insurance policies provides the most flexibility when it comes to investing the cash value of a universal life policy in separate accounts with "variable" values.
• Indexed Universal Life Insurance - These types of universal life insurance policies allows policyholders to place the cash value of the life insurance policy in a fixed account or an equity index account, such as the S&P 500 or the Nasdaq 100.

As well as the basic coverage mentioned above, Prudential Life Insurance also offers the following features:

• Group Life Insurance - Prudential life insurance offers some of its life insurance policies as a group benefit to employees who meet certain eligibility requirements, such as having worked for a month in the company. Typically, these term life insurance policies can only be adjusted or purchased after a qualifying life event, such as marriage or the birth of a child, or during an open enrollment period.

What is SuperMoney's financial rating of Prudential?

The financial strength rating of life insurance companies scores its ability to pay contracts and life insurance policies. SuperMoney gives Prudential an A+, which is the highest available rating we give to life insurance companies.

SuperMoney's financial strength rating is primarily based on the average score from independent insurance rating agencies.