You’re looking for a life insurance company and Prudential Life Insurance keeps popping up. But what are they all about? This review of Prudential Life insurance will help you figure out what’s good and maybe not so good about Prudential.
Prudential life insurance reviews should be unbiased – and ours is. We aren’t in the business of pushing Prudential on people who don’t fit the bill – we’re in the business of helping people find the best life insurance possible, regardless of the company.
2017 Review of Prudential Life Insurance
Now that you’re looking for a life insurance company and Prudential Life Insurance is on the list, then this is one review of Prudential Life that you need to read.
About Prudential Life
Prudential is probably a name you’ve heard before. Prudential Financial is a big financial institution and Prudential Life is just a part of it. In addition to insurance, Prudential also helps with investment management. They currently operate in over 30 countries. They use the Rock of Gibraltar as their logo.
Prudential’s life insurance policies
Life insurance comes in two primary flavors, term life vs permanent life insurance.
Depending on your needs and objectives will determine which type of life insurance policy is best suited for you.
Prudential does not offer whole life insurance.
So let’s take a look at the different policies offered by Prudential.
Term Life Insurance Policies
Universal Life Insurance Policies
Indexed Universal Life Insurance Policies
Variable Universal Life Insurance Policies
Prudential Life’s Ratings
The best place to start a review of Prudential Life or any other life insurance company is with their ratings. We don’t mean just any ratings, but ratings from any of the top ratings agencies in the industry. Prudential has been rated by A.M. Best as well as Standard & Poor’s.
- Standard & Poor’s rating for Prudential Life is an AA-
- A.M. Best rated Prudential Life with an A+
These are both great ratings and should mean a lot to anyone who is potentially going to purchase a Prudential Life Insurance policy.
Prudential Life Insurance Underwriting Niches
Not all life insurance companies can do a good job underwriting policies for niche clients. If you have:
- Survived cancer
- Any DUIs
- a steady travel life
- a smoking habit (cigars or cigarettes)
- a tobacco chewing habit
…Then Pruco Life may be able to underwrite the perfect life insurance policy!
Prudential Life also does a good job for clients with:
- Atrial fibrillation
- Bladder cancer
- Breast cancer
- Thyroid Cancer
- Prostate Cancer
- Hepatitis C
- Mood disorders
Prudential Life Review: Expats
If you are not an American, but do business in the USA or if you are an American but live abroad, Prudential also might have a great policy for you.
Actual Age vs. Nearest Age
Most life insurance companies round up rather than rounding down when determining your age. For example, if you are 35 and 6 months, they will consider you to be 36. This is nearest age. However, even if you are 35 and 11 months and apply for a life insurance policy through Pruco Life, they will still underwrite your policy based on your real age: 35. This may not play a huge difference in pricing in your thirties, but for anyone 55 and above, a single year can really change the price of a policy.
If you used to be a smoker, but stopped, then you’ve already done something good for your life insurance rates. However, with Pruco, you will actually get a reduced rate each year that you are smoke-free. This is true for things like smoking, drug/alcohol consumption, driving, aviation, and weight.
As we mentioned, there are a lot of things that Prudential excels at. However, they aren’t always the number one life insurance company. In some instances, Protective Life or other life insurance companies can offer you a much better rate.
How to know when Prudential is your best bet
There is really only one way to know when Prudential Life will be the best life insurance company for you. That’s by comparing them and what they offer to everyone else and what they offer.
Sound like a big task? It is. But don’t worry; you don’t have to do it alone.
We work with dozens of the best life insurance companies in the United States and have for years.
We will do all the digging and comparing to figure out which life insurance company really will offer you the best coverage at the best rates.
In many cases, that will be Prudential Life. However, when it’s not then it’s not – and we won’t tell you they’re the best unless they truly are.
So what are you waiting for? Give us a call today.