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Prudential Life Insurance Reviews [2020 Update]

Prudential Life Insurance Reviews

Prudential Financial is one of the best life insurance companies in the United States.

But what is it about this insurance company that makes it so good?

We will do our best to address this question and explains why we think Prudential Financial is a top life insurance company, offering some of the most competitive term life insurance rates in the country.

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 life insurance companyPrudential 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.

Pruco is a top rated life insurance company, receiving stellar ratings from the top 3rd party ratings agencies in the industry.

Pruco Life Insurance Ratings:

  • A.M. Best rating: A+
  • S&P rating: AA-
  • Moody’s rating: Aa3
  • Fitch rating: AA-
  • Comdex ranking: 95

These are great life insurance 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.

Pruco Underwriting Niches include:

  • Cancer Survivors
  • Diabetics
  • Any DUIs
  • World travelers
  • Tobacco users, including cigar smokers and chewing tobacco users

Prudential Life also does a good job for clients with:

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.

Anniversary Reductions

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.

Prudential: Drawbacks

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.

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