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Prudential Life Insurance Company

The First US Company to Make Insurance Available to the Working Class

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. It has total assets of over $207 billion, with net life insurance of $1.6 trillion.

Life Insurance Offered by Prudential

The Prudential 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.

Prudential’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, both sold by subsidiaries Pruco Life Insurance Company and Pruco Life Insurance Company of New Jersey. These offerings are competitively priced and can be converted to permanent life insurance.

Basic Term Life Insurance features

  • 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

Enhanced Term Life Insurance plan features

  • 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 benefi
  • 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 Prudential

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.

Prudential Life Insurance Company Information

213 Washington Street, 9th Floor
Newark, NJ 07102

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