Prudential Life Insurance
LifePlans is an online platform where customers can get an in-depth insight into the pricing and other life insurance-related information. The customer care team of LifePlans is 24×7 available to assist the customers and solve their queries. So, without wasting more time, let’s get started!
Life Insurance Coverage Options
People who are looking for Prudential Life Insurance can apply for the following coverages:
Prudential Term Life Insurance
Prudential Term Life Insurance offers a fixed amount of coverage for a set of periods. This type of insurance is highly affordable. The company offers these four types of term policies, which can be converted to permanent within the first five years.
Indexed Universal Life insurance comes in three types. These policies are similar to universal life policies.
PruLife Founders Plus UL: It can be kept for as long as you want and covers offset taxes, illness, business, death, and benefits. It is recommended for people who wish to maintain their insurance and protect high cash value when they retire from their job.
PruLife Index Advantage UL: It covers illness, business, added income, and offset taxes. It is recommended to people who want to maintain their insurance.
PruLife Survivorship Index UL: This policy comes with legacy and offsets taxes. Couples who are planning their real estate should choose this. It covers two people, and if both the people pass away, it will pay off the death benefit accordingly. You can add your children and other riders to the policy to protect your estate.
Advantages Of Prudential Life Insurance
Disadvantages Of Prudential Life Insurance
Prudential Variable Universal Life Insurance
Variable Universal policies are considered the top policy leaders, as it comes with complete protection and flexibility in terms of investments.
VUL Protector: This policy comes with added income, offset taxes, legacy, and business. You can opt for this policy if you want to protect your asset.
PruLife Custom Premier II: It is designed to build cash value faster than longer terms. It offers guarantees against lapsing in the early years of coverage. It is valid for up to 10 years.
PruLife SVUL Protector: These policies offer no-lapse guarantees and come with offset taxes, business, and legacy. It provides coverage for two people, and when both pass away, it pays out the legacy to the riders.
Customer Satisfaction And Financial Strength Review
Prudential has a strong reputation when it comes to customer satisfaction. There is no BBB rating, as it is not certified by the Better Business Bureau. On the BBB website, the Prudential life insurance complaints are given in around 100, which is less. However, many people complaint regarding the response times, poor customer service, change requests and failed correspondence. The J.D Power Study gave them 3 out 5 stars regarding customer satisfaction. It is an average rating. The Prudential Insurance Life Company has a good satisfaction reading.
The Prudential Life Insurance customer service can help you with online accounts, filing death claims, life insurance policies, and more. You can get a quote from the company’s website only after answering a few questions. If you like it, you can buy it online, or reach out to the customer care team to purchase the quote. The application process of Prudential Life Insurance will ask you to fill out the policy and social security numbers, date of birth, death, name of the insured, along with funeral home’s name and number. You can acquire the claim within minutes, and it will take only 7 to 8 minutes to attain it online!
Prudential Universal Life Insurance
Prudential life insurance offers permanent coverage that lets the policyholder pay more than their premiums every month. In simple words, whatever the customer pays, it diverted into the account, and they earn interest based on that. There are two types of policies, which come under Universal Life.
PruLife Essential UL: This policy works as a protection for the family. If something happens to the policyholder, or if the person is still alive, it can offer various advantages to the family.
PruLife SUL Protector: It is designed to help by transferring h health by paying the advantages at the death of the second insured person.