Prudential Life Insurance Reviews: Discover Why This Carrier Developed Such an Excellent Reputation + YouTube Video
There are quite a few Prudential Life Insurance reviews online and this one should prove very beneficial for you. If you are planning on purchasing life insurance and you are in good health or if you have a serious health condition. Look no further than the Prudential Life Insurance Company. 
With a rich history dating back to 1874 and over two trillion dollars in managed assets, Prudential is the most trusted name in the industry.
With a team of over 58 thousand dedicated employees worldwide, Prudential is committed to providing you with the best service possible.
Whether you’re a young professional starting a family or a retiree looking to leave a legacy, Prudential has the right coverage options for you. Also, Prudential life insurance ratings are solid with an A+ rating on a regular basis.
I hope you enjoy this comprehensive Prudential Life Insurance review. Keep reading because the best is yet to come.
Table of Contents
When Was Prudential Founded?
Prior to the onset of the civil war, Prudential had already been in existence for fourteen years.
How the Prudential Life Insurance Company was born is very impressive, to say the least. Prudential Life Insurance Company has been in business for over 149 years. The company has the experience and the expertise to produce some of the most well-designed life insurance products.
This legendary company was founded by a single life insurance agent named John Dryden. It was in Newark, New Jersey, back in 1875. The company founder opened the doors of the would-be behemoth corporation from a small basement office.
If you have a multitude of medical conditions, consider Prudential as your preferred insurer due to their expertise in handling complex medical cases.
Why Choose Prudential for Your Life Insurance Needs?
Prudential is a popular choice for life insurance due to their strong financial stability and excellent reputation. Just like the commercials state, when you choose Prudential, you are getting a piece of the rock. This statement eludes to the companies stability is as strong as the Rock of Gibraltar.
The company also has one of the most complete lines of policy designs that would custom fit anyone’s need for life insurance. They have the most complete product line of any insurer. Last but not least, their reputation for paying claims is impeccable. This is a result of their vast pool of easily accessible funds.
Life Insurance Designed for America’s Working Class
The very first life insurance product was explicitly designed for working-class people. This was to cover the expenses of funerals and final expenses. Some of the initial premiums were as low as three cents per week.
The Prudential Insurance Company blossomed into New York and Philadelphia in just four short years. The company’s assets had grown to over 1 million dollars by this time.
John Dryden purchased the one-millionth policy in 1885. At this point, it was clear that the company was destined to become a huge success. Prudential made its mark as an icon in the life insurance industry.
Company Financial Statistics
Two trillion dollars in assets under management sets Prudential apart from the competition.
The Prudential Life Insurance Company now has over 58,000 thousand employees worldwide. Prudential Managed assets now top 1.8 Trillion dollars. You read it right; that is Trillion (not) Billion. They currently do business in 53 countries around the world.
Not bad for a company that started with one man working out of a basement office. Prudential’s growth rate keeps increasing consistently with a higher percentage than before. Prudential is well known for their excellent financial strength.
They consistently receive an A+ Rating each year which is no surprise to anyone.
The Most Complete Line of Term Life Insurance Products
Prudential leads the industry in the number and diversity of term life insurance plan designs such as:
MyTerm Products:
An affordable term policy of up to $250,000 with an easy application process. You can choose a level-premium period of 10, 15, 20, or 30 years. This is their most basic plan designed for term life insurance. This plan does not offer an option to convert to permanent Universal Life insurance.
Term Essential:
You can choose a level-premium period of 10, 15, 20, or 30 years. Your option to convert is available until the end of the level-premium period or age 65. After that, it was whichever is earlier, but never less than five years.
The riders available are Accidental Death Benefits. Child Protection Riders, Living Needs Benefits, and a Waiver of Premium Riders.
Term Elite:
You can choose a level-premium period of 10, 15, 20, or 30 years. Available until age 65 or 5 years from issue, whichever is later. Riders available include Accidental Death Benefits, Child Protection Riders, and Living Needs Benefits.
A waiver for premium riders is also available and can be a very beneficial benefit to include in your policy.
“PruTerm” WorkLife 65:
This is life insurance for your working years. The level-premium period lasts until the age of 65. The plan’s design offers accidental death benefits, child protection and living needs riders.
“PruLife” Return for Premium Term:
This excellent plan design offers the security of low-cost term insurance, with a guarantee to have your premiums returned if you outlive the level-premium period. You can choose a level-premium period of 15, 20, or 30 years.
It offers an option to convert up to the end of the level-premium period or age 65. Whichever is earlier, but never less than five years. This plan also offers a Living Needs Benefit.
This policy offers a benefit where your out-of-pocket premiums are guaranteed to be returned to you. This happens at the end of your level-premium period, provided you are still alive, and your policy remains in force.
Check out our return of premium blog posts for more information on how these policies work.
“Pru-Term” SM One:
This term life insurance policy for needs lasts from 1 to 5 years. This is a stepping stone to permanent insurance. Your coverage lasts for one year and is renewable annually up to age 95.
The option to convert is available through the 5th policy anniversary. A Living Needs rider is also available.
Additional Riders for Increased Protection
Accidental Death Benefit:
This benefit will pay an additional benefit if your death directly results from an accident.
Child Protection Riders:
This is a great feature that allows you to provide life insurance for your children while they are young.
Living Needs Benefits:
If you become terminally ill, this rider will advance a portion of your death benefit. This is to help ease the financial burden of this time of your life.
Waiver of Premium:
This benefit will pay your premiums so that your coverage can remain in force if you become disabled.
Benefit Access Rider:
This rider will accelerate the benefits of your policy’s death benefits if you become chronically or terminally ill. In other words, you can receive a percentage of the face amount while alive.
Prudential Universal Life Products
Today, Universal Life insurance plans offer permanent coverage with much lower premiums than Whole Life Insurance.
PruLife Universal Protector:
This plan design provides death benefit protection for your beneficiaries regardless of when you die. Optional
riders include Accidental Death Benefits and Benefits Access Riders.
Also, a Child Level Term Rider, an Enhanced Disability Benefit, and a Living Needs Benefit.
Remember that universal life insurance plans cost more than term insurance regardless of the insurance company.
Prudential is also a leader in the variable life insurance market, also known as Indexed Universal Life Insurance (IUL). These indexed products have a cash buildup feature based on the stock market.
“PruLife” Universal Plus:
PruLife is a life insurance protection with cash value accumulation potential. In addition, these universal life policies pay interest at a designated percentage rate stated in the policy.
“PruLife” SUL Protector:
This universal life policy will cover two lives with one policy with a guaranteed lifetime of protection.
Life Insurance Solutions for Tobacco Users
Prudential is the absolute go-to life insurance company for tobacco users.
When people use tobacco products, they are issued a tobacco rate health classification as a standard rule. Prudential is one of the few companies that will offer non-smoker rates to someone who:
1. Chews Tobacco
2. Smokes a Pipe
3. Smokes Cigars
4. Uses E-Cigarettes
5. Uses Nicotine Patches or Gum
6. Periodically uses Marijuana
Prudential’s Liberal Underwriting for Medical Conditions
Prudential has a much more liberal underwriting department that is less sensitive to pre-existing medical conditions. As a result, I have seen Prudential accept many people when other carriers have declined them.
Due to this company’s size and financial stability, they can afford to insure people with more serious medical conditions, hazardous occupations, or dangerous sports they are active in.
How to Apply for Life Insurance With a Medical Condition: YouTube Video
Prudential Calculates Premiums Based on Actual Age
Using your actual age gives you the advantage of lower rates. For example, suppose your current age is six months before your next birthday. Most life insurance companies use your nearest age, otherwise known as your insurance age.
For example, if you’re 35 years old, your birthday is within the next two months. You would typically be classified as age 36 but not with Prudential. Being placed on your next birthday would increase your rates by 3.5 to 9%, depending on your age.
Prudential uses your actual current age, which will spell lower premiums. This is one of the advantages of using Prudential versus one of the other carriers. This age difference can make a big difference if you are older and have higher rates.
Prudential’s Excellent Claims Paying Reputation
One of the benefits of owning a Prudential Life Insurance policy is their simple and fast claims process. All the beneficiary has to do is simply contact Prudential by phone and report the claim. The Prudential Customer Service Team will mail out a claim form to be completed.
Once the form is completed and the death certificate attached, Prudential will mail out a check within several days and the funds will go right to work for funeral expenses and pay off outstanding debts. Prudential Customer Service is known for being very efficient and prompt.
They fully understand the grief of losing a family member and expedite the claims process. This is one of the benefits of owning a policy from a company with the highest financial strength in the industry.
Prudential Proudly Supports Our Military
I am very impressed with how Prudential has gone out of their way to help our service people get approved for life insurance.
Prudential is the only life insurance company that will sell life insurance to military personnel with active deployment orders as long as the application is taken in the United States and accepted in the United States.
After that, Prudential will take them as typical applicants.
This is an excellent advantage for the members of the armed forces, especially those who want to buy life insurance and are going off to war. We have to take our hats off to Prudential.
Prudential Offers Excellent Rates
Prudential also has a very liberal height and weight underwriting system for overweight or obese applicants. They also work out very well with folks with medical conditions, such as Diabetes, Prostate Cancer, and heart disease, and people who currently have very recent Driving While Intoxicated convictions.
They work out very well for hazardous sports and dangerous occupations, such as pilots, scuba divers, drag racers, skydivers, motorcycle racers, and ironworkers. Also, helicopter pilots, racing boat drivers, stock car racers, etc.
Our Quoting System Will Display Prudential’s Rates
One concept you have to remember is that Prudential does not always have the lowest premiums when compared to their competitors. Their strong point is when applicants apply with health conditions, dangerous sports or hazardous occupations.
When high-risk applicants apply, Prudential will commonly approve the applicant with the best health classification, which will in turn spell the lowest premiums. Many times they are going to be an excellent choice for healthy people also.
Feel free to use our instant quoting system. Just complete the form on the right to compare plans from over 40 trusted life insurance companies. Our quoting system includes life insurance plan designs from Prudential and many other companies.
We use many different insurance companies since the right insurance company has to be used for each applicant. In other words, we use the most applicable company for each applicant’s specific application information. If you need help choosing a face amount, feel free to contact us and we will be happy to help you.
Prudential has some of the best life insurance quotes for applicants who smoke, are overweight, or have health conditions.
Prudential: The Most Commonly Used Insurer in America
We use over 40 life insurance companies, and Prudential is an essential member of our company’s team. Their vast product line, liberal underwriting department, and excellent financial stability make them a perfect choice for many people.
They also have a reputable name in the industry and have become a household word from coast to coast. If you are planning on purchasing life insurance, Prudential Life Insurance would be a great choice. Prudential is known by all its agents and brokers as the best life insurance company for high-risk individuals.
How to Apply for a Prudential Policy
Applying for life insurance is now very simple. We don’t waste our client’s time with paper or online applications. The
best way to apply is with a modern telephone application right over the phone.
Telephone applications usually take about 15 to 20 minutes, and all you do is sit back, listen to questions from one of our telephone application gals and then answer them.
This is the simplest and quickest way to apply for life insurance.
All Things Considered
I hope you have learned a lot from this Prudential Life Insurance review. Our agency works with more than 40 of the highest-rated life insurance companies to ensure our clients don’t spend more than they have to.
There is never any cost to apply; life insurance companies pay all fees. Our service to you is always free and without obligation to buy anything.
All the best,
Jack Venturi
Should you have any questions or need further assistance, please don’t hesitate to call us at 815-390-7545 for a prompt response.
