Pruco Life Insurance Company
A Subsidiary of Prudential Insurance Company
This subsidiary of the Prudential of America Group was formed in 1971 and has total assets of over $22 billion, with net life insurance of $155 billion. Founded in 1873, Prudential Life Insurance Company is a subsidiary of Prudential of America Group. The prudential companies count among their clients both individuals and businesses all around the world. The Prudential Financial Companies offer insurance, mutual funds, annuities, pension and retirement services, and a wide variety of financial services.
Pruco Life Insurance Company Products
The Pruco Life Insurance Company offers individual variable life, term life, universal life, other non-participating life insurance products, and variable and fixed annuities. Its group insurance offerings include a full range of group life insurance, group disability insurance, and corporate and trust-owned life insurance
Pruco’s term life insurance offerings are guaranteed level premiums for the length of the term, with increasing premiums after that time. They have two term life series. These offerings are competitively priced and can be converted to permanent life insurance.
Term Essential®
- Guaranteed level premiums for 10, 15, 20, or 30 years
- May be converted up to age 65, without another medical exam
- Optional riders and benefits:
- Living Needs Benefit SM
- Children’s Protection rider
- Waiver of Premium
- Accidental death benefit
- Premiums increase until the age of 95
Term Elite®
- Fully guaranteed level premiums for 10, 15, or 20 years.
- Renewable until the age of 95
- Optional riders include
- Living Needs Benefit SM
- Children’s Protection rider
- Waiver of Premium
- Accidental death benefit
- Premiums increase annually after the initial term
- May convert to permanent insurance until age 65 or until you have owned the policy for 5 years—whichever comes later.
- Offers a credit to conversion in the first five years.
Financial ratings for Pruco Life
A.M. Best: A+
Fitch: AA-
Moody’s: Aa3
Standard and Poor’s: AA-
The financial strength of a company and potential for prolonged survival are represented by the above ratings.
Pruco Life Insurance Company Information
213 Washington Street, 9th Floor
Newark, NJ 07102
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