Life Insurance

Prudential Life Insurance Review

By Peter Mondrose Peter Mondrose is the Head of Insurance Content at Bankovia. He received his degree in Economics in 1998 and a second degree in Journalism in 2004 from the University of Chicago. Most recently he served as Head of Content at QuoteYeti.com, and editor at BusinessPundit.com 5 minute read

Want to assist you with your issue? To learn more about Prudential Life Insurance, read our Prudential Life Insurance Review. Prudential Life Insurance accepts all types of term and universal life insurance policies, including whole life insurance policies, according to the company’s website. Choose from a range of insurance options and add-ons to customize your coverage to your family’s exact requirements.

On the other hand, Prudential does not offer whole life insurance; therefore, you will need to choose another provider. When you obtain a quotation, approval of your proposal may take up to eight weeks.

Factors that affect your rate with Prudential

Prudential Life Insurance Review - Prudential Insurance Company Logo

Prudential offers three competitive rate classes: Preferred Plus, Preferred Plus, and Preferred Best. As is customary in the company, the following elements are considered while determining the lowest rates:

  • Blood pressure. If you are 49 years old or younger, your blood pressure should be 130/80; if you are 50 years old or over, your blood pressure should be 135.
  • Cholesterol. Compared to their colleagues, a healthy individual has less than 300 mg of cholesterol and an HDL to LDL ratio of less than 5.
  • Individuals’ motivations are influenced by their public image. If convicted of driving while drunk or careless driving, a mandatory five-year jail sentence is imposed.
  • This also includes being suspended from driving or having been involved in more than one traffic violation or accident during the preceding three years’.
  • This is a family story. You should take care if you have a family history of early mortality from heart disease, stroke, or cancer.
  • Tobacco. To qualify, you must have abstained from smoking or using nicotine for at least five years previous to the date of your application.

How to get a quote from Prudential life insurance

Alternatively, you may call Prudential life insurance at 800-778-4357 or make an online request for a no-obligation, free quote:

  1. On the Prudential life insurance website, click on the Buy Life Insurance Online and Get an Instant Quote option to begin the process.
  2. Fill up a few fields including your personally identifiable information, such as your name, address, gender, and date of birth.
  3. You will be notified of the service’s cost. You have the option of altering the quotation or continue with the application after evaluating it.
  4. Additional Information may be accessed by selecting Additional Information from the drop-down menu. Your application will be filed via an agent, who will advise you on the process. It should take no more than 10 minutes in total.
  5. Regardless of whether or not you underwent a physical examination, you may still be eligible for the program; in any case, you will be notified. Your insurance coverage will begin immediately upon Prudential’s receipt of payment.

Prudential offers term and universal life insurance

Prudential’s term and universal life insurance policies provide a variety of features and benefits.

Term life insurance

Along with term life insurance, Prudential offers permanent life insurance policies with terms ranging from ten to thirty years with the opportunity to convert at any time.

  • The term is renewable annually. If acquired within five years of purchase, this insurance can be changed to permanent coverage.
  • This is the most often used expression. Individuals between the ages of 18 and 50 may enroll in this plan, which provides basic coverage up to a maximum of $500,000.

Universal life insurance

When a policyholder’s financial circumstances change, they can amend their premiums, payment dates, and death benefits under these long-term insurance plans.

  • The global standard. The pricing and payment schedules for this universal insurance plan can be changed, but the investment options stay the same.
  • Perseverance is a universal principle. If the second insured individual dies, his or her beneficiary is guaranteed a death benefit.
  • The index is exhaustive in its extent. Premiums and payment dates may be customized, and the increasing cash value is linked to the S&P 500 index, making this a very enticing investment.
  • Each circumstance needs the use of variables. Customization of the area enables the area to meet specific client requirements. Apart from that, investors have a variety of possibilities.

Prudential offers a long list of add-ons

As a consequence, Prudential offers a diverse choice of products to meet your and your family’s needs, including:

  • Riders who are compensated more swiftly in the event of death. If you are diagnosed with a serious or fatal condition, you may be able to receive a part of your death benefits, depending on the severity of your sickness.
  • Accidental death insurance is a supplemental policy. If it is decided that your sickness is fatal, you may be eligible to receive a portion or all of your death benefit.
  • Riders under the age of eighteen are not permitted. Additionally, you may be able to save money on your children’s term life insurance policies by switching them to permanent life insurance policies.
  • The rider is responsible for his or her own living expenditures. The cost of living will be considered while calculating your benefits.
  • Death Benefits. The death benefit increases to 100% if both insureds die within four years of the policy’s commencement. This benefit is available to those who have purchased survivor insurance.
  • The rider certifies that he or she is insurable. It is possible to obtain insurance without having to undergo a medical checkup following certain life events or attaining certain ages.
  • A non-reserved long-term rider. The amount of your award will remain consistent during the length of the insurance policy.
  • Long-term care rider. When you are diagnosed with a chronic disease, your insurance company begins taking your death benefit.
  • Riders with the ability to operate on a dual-policy basis. It is possible to convert a survivorship life insurance policy to individual life insurance following a divorce.
  • The government compensates riders. According to Prudential, if you become disabled before reaching the age of 60, you will be exempt from paying premiums for the remainder of your life, even if you continue to work.

Prudential life insurance reviews and complaints

AM Best has granted Prudential a high financial grade, recognizing the company’s strong financial position and capacity to pay claims. Customers on TrustPilot have voiced their dissatisfaction with the company’s customer service and communication.

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