When it comes to life insurance, there are some good companies and bad ones. Pru Life is one of them. While it offers competitive rates, it does not offer the best underwriting for complicated medical histories. However, it does offer a “living needs” benefit rider, which provides additional coverage for chronic conditions or terminal illnesses. Its coverage for these types of illnesses is generally solid but not great.
ProLife Founders Plus UL
Whether you’re in the market for a universal life policy for yourself or a loved one, the Pru Life Founders Plus UL is a good option. This plan provides a no-lapse guarantee and the option to borrow cash value. It also offers a guaranteed minimum interest rate. There are three types of policies offered by Prudential, the core policy being the Pru Life Founders Plus UL. Each offers a fixed or adjustable interest rate and an adjustable no-lapse guarantee.
The ProLife Founders Plus UL provides flexible premiums, a guaranteed 2.5% annual interest rate, and three different death benefits. It also offers an indexed account, with the money invested partly in the S&P 500 index. The policy also has optional living needs benefit and death benefit riders.
Pru Life offers three types of indexed universal life policies. The VUL Protector policy uses PruFast Track accelerated underwriting to get you a policy in a matter of days. It can provide coverage for as much as $50,000, depending on the policyholder’s age. It also offers a fixed account with a guaranteed minimum interest rate and more than 60 investment options.
ProLife Survivorship Index UL
ProLife Survivorship Index UL provides coverage for two people and pays out the death benefit when both die. The policy also has the potential to build cash value thanks to the interest-crediting choices it offers. It has four options, one based on a declared interest rate and the other three based on S&P 500(r) indexed accounts. Moreover, the policy has other features, such as a living needs benefit for terminally ill individuals.
The Index Advantage UL has the best growth potential, with its cash value based on the performance of the S&P 500 index. It also has an adjustable no-lapse rider, protecting you against lapse for up to 20 years. Moreover, the Survivorship Index UL covers two people and offers a no-lapse guarantee feature.
SVUL Protector by ProLife is designed for couples who want to build a legacy and provide for the next generation. The plan also provides a second-to-die benefit, which can be helpful if one spouse passes away.
ProLife Custom Premier II
The profile(r) Custom Premier II is an individual life insurance policy offered through Pruco Securities, LLC, a member of the SIPC. It is offered in the United States but may not be available in all states. To find out if the policy is available in your state, contact Pruco Securities, LLC. The policy offers the option of adding a benefit access rider for an extra premium. The rider is helpful for people who may need to access the death benefit in the event of their death.
This variable universal life product from Prudential is available for ages 0 to 85. The policy starts at $50,000 in coverage and offers a variety of death benefit options. These include fixed, variable, return of premium, and changeable death benefit options. A benefit access rider provides additional flexibility for the policyholder to increase the death benefit amount should they become ill.
For individuals seeking a variable universal life policy with an accelerated death benefit feature, PruLife Index Advantage UL offers a competitive return on cash value. In addition to a fixed death benefit, the product also offers a guaranteed minimum 2% cash value accumulation rate. It also offers a No-Lapse Guarantee and loans against the policy.