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Cate Deventer is a writer, editor and insurance professional with over a decade of experience in the insurance industry as a licensed insurance agent. Mariah Posey is an auto and homeowners insurance writer and editor for Bankrate.com. She aims to make the insurance journey as convenient as possible by keeping the reader at the forefront of her mind in her work. Oct 26, 2022 Bankrate logo The Bankrate promise
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Not rated Bankrate Score Home 0.0 Auto 0.0 About Bankrate Score Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services. If you're a first-time life insurance buyer, you might want to consider Prudential due to the company's online resources that can help you choose the right options for your needs. The company has a lower-than-average customer satisfaction score from J.D. Power, though, which could indicate frustrations with its service level. Pros and Cons Quick Look Pros Online quotes for term life policies are available No-medical exam policies are available 13 riders are available for extra coverage Cons No guaranteed-issue life insurance Below-average J.D. Power customer satisfaction rating High complaint index with the National Association of Insurance Commissioners (NAIC) Several riders available Offers no-medical-exam options No guaranteed-issue coverage This advertising widget is powered by HomeInsurance.com, a licensed insurance producer (NPN: 8781838) and a corporate affiliate of Bankrate. The offers and clickable links that appear on this advertisement are from companies that compensate Homeinsurance.com LLC in different ways. The compensation received and other factors, such as your location, may impact what ads and links appear, and how, where, and in what order they appear. While we seek to provide a wide range of offers, we do not include every product or service that may be available to you as a consumer. We strive to keep our information accurate and up-to-date, but some information may not be current. Your actual offer terms from an advertiser may be different than the offer terms on this widget. All offers may be subject to additional terms and conditions of the advertiser. Compare life insurance providers quickly and easily
See which provider is right for you. The amount of coverage you need depends on many factors, including your age, income, mortgage and other debts and anticipated funeral expenses. Whole life insurance combines life insurance with an investment component. Coverage for life Tax-deferred savings benefit if premiums are paid 3 variations of permanent insurance: whole life, universal life and variable life include investment component Term life insurance is precisely what the name implies: an insurance policy that is good for a specific term of time. Fixed premium over term No savings benefits Outliving policy or policy cancellation results in no money back Find matches Powered by HomeInsurance.com (NPN: 8781838) This advertising widget is powered by HomeInsurance.com, a licensed insurance producer (NPN: 8781838) and a corporate affiliate of Bankrate. HomeInsurance.com LLC services are only available in states where it is licensed and insurance coverage through HomeInsurance.com may not be available in all states. All insurance products are governed by the terms in the applicable insurance policy, and all related decisions (such as approval for coverage, premiums, commissions and fees) and policy obligations are the sole responsibility of the underwriting insurer. The information on this site does not modify any insurance policy terms in any way. Bankrate Why Lemonade? It's a fresh twist on life insurance: easy, accessible and affordable. See more providers in Choose from insurers in Show More
Prudential life insurance coverage types
Prudential offers two basic : term and universal. However, each policy type has options, so tailoring a policy to fit your needs may be easy with Prudential. The company offers more than a dozen riders to help you personalize your coverage, although some options may be unavailable depending on the state in which you live and the policy type you choose. In most states, Prudential life insurance is underwritten by The Prudential Insurance Company of America, but in New York, policies are underwritten by Pruco Life Insurance Company. Although it wasn't among Bankrate's picks for , Prudential might be a good fit if you are looking specifically for personalized coverage. The company sells three term life insurance policies: SimplyTerm, Term Essential and PruTerm One. Term life insurance may be ideal for young, healthy individuals or who want low-cost coverage. Term policies provide protection for a specific duration of time; Prudential offers 10-, 15-, 20- and 30-year term lengths. There is a guaranteed death benefit and level premiums over the lifetime of the policy, as long as premiums are paid. With a term life policy from Prudential, you have the option to add a living needs benefit rider, accidental death benefit rider, waiver of premium rider or children's protection rider for an added fee. Prudential does not sell a option, but does offer four types of permanent life insurance: , indexed universal life, survivorship universal life and variable universal life. Universal life policies are designed to cover your entire life, as long as premiums are paid, and have more flexibility than other types of life insurance. Permanent policies may be a good option for or individuals who want lifetime protection. As with term insurance, policyholders who opt for Prudential's universal life coverage may have the option to add a variety of riders for extra financial protection. Prudential life services
If you like to work with local agents, Prudential may provide this opportunity in your area. Prudential Financial agencies operate as local retailers throughout the country, although agents are available by phone as well. Additionally, Prudential's website is robust, offering plenty of information about its products. The company also offers beneficiary resources, which could help if you are the recipient of a life insurance death benefit. Resources include guides for planning, coping with loss and moving forward after a loss. Other Prudential perks worth considering
Prudential Financial lives up to its name, offering a variety of finance products and services. In addition to life insurance, Prudential also offers: Retirement products Annuities Investments Additionally, Prudential uses its subsidiary – Assurance IQ, LLC – to match customers to health insurance products, which are underwritten by third parties. Prudential also provides financial education tools on its website. Prudential life insurance customer and claims satisfaction
Overall, Prudential life insurance reviews from third-party agencies are mixed. The company has an , which indicates superior financial strength and may give customers peace of mind that the company has a solid history of meeting its financial obligations. However, in , Prudential received a score of 753 out of 1,000, which is well-below the industry average and may indicate that some customers are not satisfied with the company's customer service. Additionally, the company's complaint index score with the NAIC is over eight times higher than the national baseline. Whereas the baseline score is 1.00, , indicating far more complaints than average for the industry. Prudential corporate sustainability
Prudential boasts a strong with multiple facets, including investing, corporate engagement and charitable donations, among others. Prudential notes that it has given more than $19 million in corporate donations to nonprofits, more than $47 billion in grants to nonprofits and $65 million in impact investments in various financial organizations. The company has also recorded almost 45,000 hours of employee volunteer time. Not sure if Prudential is right for you Consider these alternatives
Although Prudential may be among one of the best life insurance companies, according to Bankrate's research, it may not necessarily be the best fit for everyone. You may want to compare life insurance quotes from these other major life insurers if Prudential is not suited to your insurance needs: : If you are looking for whole life insurance, MassMutual could be a great option. The company won our for best whole life insurance due to its high coverage capacity, large number of riders and high financial strength scores. : Prudential's lineup of universal life insurance options is impressive, but Nationwide won the Bankrate Award for the . The company has several riders, high third-party scores and is highly accessible if you have questions. : If you need a guaranteed-issue policy, you may want to try AIG. The company offers a guaranteed-issue whole life insurance policy, which could be a good choice for those who have medical issues that may preclude them from buying other types of coverage. On This Page
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