Love? Money? A little of both?
Why will you buy PruLife® Return of Premium Term life insurance?
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Some buy it for the Rock Solid® protection it provides loved ones – just what you’d expect from Pruco Life Insurance Company.
In addition to the Rock Solid® protection it provides, some also buy it because they want to get back their premium if they outlive their coverage period – all of it, guaranteed. And that’s money they can use any way they want: a new car, that dream vacation, or to make retirement more comfortable.
Protection for loved ones now, your money back later – why will you buy PruLife Return of Premium Term life insurance?
For love. For money. A little of both.
There are many good reasons to buy.
With Return of Premium Term:
- Premiums remain the same for your choice of 15, 20, or 30 years.
- Your out-of-pocket premiums are guaranteed to be returned to you provided you outlive the level premium period. Any loans taken and not paid back plus interest owed on loans will be subtracted from the amount returned to you.
Note: Any premiums waived under the Waiver of Premium will not be returned. All premiums may not be returned if you surrender the policy before the end of the level premium period.
- If you continue coverage beyond the initial term, premiums will increase annually and are guaranteed to age 95. These premiums will not be returned.
- The policy can be converted to a permanent policy. This is available to the earlier of age 65 or 10 years from issue, with a minimum period of 5 years from issue.
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In general, term insurance provides protection for a limited period of time, such as 10, 15, 20, or 30 years, and pays a benefit if the insured dies during this period. Although term policies do not accumulate cash value, many do offer a feature that allows you to convert to a permanent policy within a certain time. This can be beneficial if you'd like to buy a permanent policy but your budget right now does not allow it, or you like having the option to convert to a permanent policy later on.
Terms, conditions, and availability may vary by state.
Return of Premium Term is issued by Pruco Life Insurance Company, an AZ corporation, except in New Jersey and New York, where the issuer is Pruco Life Insurance Company of New Jersey, both located at 213 Washington Street, Newark, NJ 07102. Policy form number is PLTIR-2006. Both are Prudential Financial companies. All guarantees are based on the claims paying ability of the issuer. Each company is solely responsible for its own financial condition and contractual obligations.
Life insurance policies contain exclusions, limitations, reductions of benefits and terms for keeping them in force. Your licensed financial professional can provide you with costs and complete details. The issuing company may have the right to contest the policy for misrepresentation or to apply a suicide clause.
IFS-A137170 Ed. 02/2008
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