Term insurance issued by Pruco Life Insurance Company or, in New York and/or New Jersey, issued by Pruco Life Insurance Company of New Jersey, provides protection for a limited period of time. Depending upon the policy selected, time frames can last until the insured reaches age 65, or for a period of 10, 15, 20, or 30 years. If the insured dies during the specific period, the policy pays a benefit. Although term policies typically do not accumulate cash value, many do offer a feature that allows you to convert to a permanent policy within a certain time frame. This feature can be beneficial if you'd like to own permanent life insurance in the future, but your current budget does not allow for it, or if you like having the option to convert to a permanent policy in the future.
PruTerm WorkLife 65SM is an innovative term policy that offers you term protection for your working years up to age 65. Plus, it offers valuable living benefits that respond to today's realities, including a built-in benefit that can help keep your policy in place if you become disabled or unemployed.
- You can purchase WorkLife 65 from ages 25 to 55 (35 to 55 in Washington state) and have coverage with no increase in premiums to age 65. (After 65, premiums increase annually to age 85.)
- WorkLife 65 provides a built-in benefit that waives premium payments if:
- you become disabled prior to age 65. Policy premiums will be waived until you recover or turn 65, whichever happens first.
- you become unemployed after the first contract anniversary, but before age 65. We will waive one continuous year of premiums. You must remain unemployed for 60 days, receive state unemployment benefits, and have been continuously employed for a full year preceding the date unemployment began. The unemployment feature may only be used once.
- You can convert your policy to permanent insurance at any time up to age 65 without the need for a medical exam or proof of insurability.*
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* We allow conversions to survivorship policies at our own discretion; we may discontinue the practice at any time. The built-in waiver benefits included in WorkLife 65 are not eligible for conversion to a permanent policy.
Term Essential® is a budget-friendly entry into insurance, with premiums that remain the same during the initial period and an option to convert the term policy to a permanent one.- Premiums remain the same for your choice of 10, 15, 20, or 30 years. We guarantee it.
- If you continue coverage beyond the initial term, premiums are not guaranteed and will increase annually to age 95, but will never be more than the maximum stated in the contract.
- The policy can be converted to a permanent policy.
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- Premiums remain the same for your choice of 10, 15, 20, or 30 years. We guarantee it.
- If you continue coverage beyond the initial term, premiums are not guaranteed and will increase annually to age 95, but will never be more than the maximum stated in the contract.
- The policy can be converted to a permanent policy. This is available to age 65 or 5 years from issue, whichever is later.
- If you convert the policy to a permanent one within the first five years, you can receive a credit, which is applied toward the permanent policy's first-year premium.
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- Premiums remain the same for your choice of 15, 20, or 30 years.
- If you continue coverage beyond the initial term, premiums will increase annually and are guaranteed to age 95.
- Your out-of-pocket premiums are guaranteed to be returned to you at the end of 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.
- The policy can be converted to a permanent policy.
- You must be alive at the end of the selected level premium period and the policy must still be in force at the end of the selected policy term to receive the return of your premiums.
Terms, conditions and availability may vary by state.
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