Help Protect Employees, Their Families, and Their Assets with Valuable Group Benefits.
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In today's competitive environment, there's no room for waste. With tighter budgets and fewer human resources personnel, every dollar and every effort counts - particularly when it comes to your employee benefits. If you're interested in attracting and retaining top talent, minimizing benefits costs, and reducing administrative burdens, Prudential will work with you to help overcome cost and benefits challenges and provide plans that fit your budget and reward your workforce.
*The 2010 Trends in Life Insurance Ownership study, conducted every six years by LIMRA.
|Real Challenges, Solutions, Results |
| ||Leading employers count on Prudential to deliver robust, flexible, and cost-efficient results. |
Employers rely on The Prudential Insurance Company of America (Prudential) for benefits solutions that deliver results. Prudential can help employers of all sizes with life insurance products that protect families, disability and absence solutions that protect incomes and boost productivity, retiree funding solutions that fulfill promises in a cost effective manner, and other innovative solutions that enhance cash flow and increase benefit plan control.
|Group Term Life Insurance (Brochure) |
| ||Meeting the benefits challenges employers and employees face. |
With Group Term Life Insurance issued by Prudential, you can select from flexible life insurance products that offer a variety of plan designs, funding options, and contract provisions. Basic Term Life Insurance is employer paid and generally provides coverage for one times an employee’s salary. Optional Term Life Insurance, which covers the employee, and Dependent Term Life Insurance, which covers eligible family members can be added.
|Group Term Life Insurance (Flyer) |
| ||The right balance between costs and the benefits offered. |
Whether based on salary multiples, flat amounts, incremental amounts, or employee class, Prudential will help you design a plan with standard and optional provisions that fits your company's needs. You can help protect your employees' families and their assets at minimal cost to you. Prudential offers an array of enrollment services that cover every aspect of the process and support that helps decrease your administrative burden.
|Record Keeping Services |
| ||Prudential Record Keeping Services (RKS) can reduce your |
We provide all the support and information for employees—before they enroll, while they are enrolled, and when their employment ends. Core level RKS manages beneficiary records, claim facilitation, and termination processing. Additional services are offered at the Concierge level for Voluntary Life clients with 2,500 or more employee lives covered. Full RKS is available for most Voluntary Life clients with 10,000 or more employee lives.
|Accidental Death & Dismemberment (AD&D) Insurance |
| ||Attract and retain talent with AD&D Insurance benefits. |
Basic AD&D, Optional AD&D, and Business Travel Accident (BTA) Insurance pay benefits for injuries, paralysis, or death that result from a covered accident. AD&D insurance solutions can help employers retain talented workers, minimize costs, reduce administrative burden—and protect employees’ families and their assets. These are available on a stand-alone basis or as a supplement to Basic Term Life and Optional Term Life plans.
|Business Travel Accident Insurance |
| ||Enhance your benefits package with Business Travel Accident (BTA) Insurance. |
BTA Insurance issued by Prudential, can help financially protect your employees as they encounter additional risk from job duties, such as traveling on company business. BTA Insurance is a value-added benefit that offers you and your employees insurance protection when traveling on approved company business. This insurance complements the coverage offered under traditional life and accidental death & dismemberment insurance plans.
|Special Risk Insurance |
| ||Protect employees against special risks, without additional cost or administrative burden. |
Special Risk Insurance provides temporary coverage for unusual aggregate limits, episodic events (i.e., sales conferences, conventions, etc.), named individuals for special coverage amounts while on temporary assignment, and other exposures not contemplated under normal circumstances. Prudential has a strategic alliance with Johnson Rooney Welch, Inc, who acts as the national managing underwriter for Prudential’s special risk portfolio.
Group Term Life Insurance
Help provide employee protection.
Group Term Life Insurance helps you protect your employees' families and their assets at minimal cost to you—and without added administrative burden. Whether based on salary multiples, flat amounts, incremental amounts, or employee class, we will help you design a plan with standard and optional features that fits your company's needs, and makes your company's group term life coverage even more attractive to employees.
- Effective Enrollment
Prudential's long history of implementing voluntary benefit plans has enabled us to build innovative enrollment solutions that deliver real results over the long term. Our team of experts will recommend and develop the right communications, and execute the enrollment period activities needed for a successful enrollment. By maximizing the number of employees enrolled in your group life plan, you can help them get the coverage they need while potentially improving plan performance.
- Record Keeping Services
Maintaining records for your group life insurance coverages can be a challenge. With Prudential's record keeping services, you can simplify this process. Prudential offers three levels of service—Core, Concierge, and Full—to assist you with managing your group life insurance coverages. All of our record keeping services come with excellent customer support for you and your employees. Concierge is the option we recommend to clients. Your Prudential representative can provide details regarding each service level and any fees that may apply.
- 24/7 Access
Your employees will be able to check coverage and claim status, change beneficiaries, print forms, and more by visiting our secure website, My PRU Benefits, any time. They can also call us toll-free and use our Interactive Voice Response (IVR) system or speak with a representative during designated hours. Through our employer website, Link 2 PRU Benefits, you can get the information you need 24/7 via a single log on. You and your designated users will have immediate access to contracts, claim data, evidence of insurability data, billing, and a host of additional services. You will also receive a set of standard and customized reports to easily track your claims experience.
- Standard Features
We offer the following standard features with each contract:
- The Accelerated Benefit Option1 allows terminally ill employees to receive part of their insurance benefit while still living
- The Conversion Provision permits employees to convert coverage to a Prudential individual insurance policy when their employment ends, without answering health questions.
- Optional Features
- The Waiver of Premium Option exempts qualifying, disabled employees from paying life insurance premiums on employee coverages.
- The Portability Provision2 enables eligible employees to continue a certain level of their group coverage when their employment ends.
Accidental Death & Dismemberment (AD&D) Insurance
Give your employees added protection when they need it most.
With our Accidental Death & Dismemberment (AD&D) and Business Travel Accident (BTA) insurance plans, you decide who's covered, how much is covered, and who pays for coverage.
Basic AD&D Insurance3
Can give employees accident protection either 24/7, or on a non-occupational basis. This coverage is generally offered as an employer-paid benefit to employees only.
Optional AD&D Insurance3
Can help provide employees with supplemental, 24/7 accident protection. This employee-paid coverage can cover employees only or your employees, their spouses or domestic partners** , and eligible children.
Business Travel Accident Insurance3
Provides benefits for accidental injuries or death that occur when employees travel on approved company business. This insurance is an efficient and economical way for you to transfer risk and liability when employees are required to travel on your behalf. You can provide supplemental coverage for accidents that happen to your employees during the commute to work. We also offer special risk coverage for pilots and crewmembers, emergency teams, terrorist acts, hijacking/piracy, war, and more. Our plans can be expanded to cover pleasure travel.
Choice of Plan Features
- Seat Belt Benefit provides an extra payment if the insured dies when riding in a car while properly using a seat belt.
- Air Bag Benefit applies if the insured dies when using a seat belt in a car equipped with air bags.
- Other provisions are available to cover loss due to coma, exposure and disappearance, felonious assault, and employee/spouse joint death. Benefits are also available for spouse or child tuition reimbursement, day care expenses, and surviving spouses.
**Domestic partner coverage may not be available in all states.
1 Employees must have a limited life expectancy (certified by a physician) to be eligible for the Accelerated Benefit Option. The death benefit received by beneficiaries will be reduced by any amounts received under ABO. Important Notice: The acceleration of life insurance benefits described in this flyer is intended to qualify for favorable tax treatment under the Internal Revenue Code of 1986-IRC Section Code 101(g). If the acceleration of life insurance benefits qualifies for such favorable treatment, the benefits will be excludable from employees' income and not subject to federal taxation. Tax laws relating to the acceleration of life insurance benefits are complex. Employees are advised to consult with a qualified tax advisor about circumstances under which they could receive acceleration of life insurance benefits excludable from income under federal law.
2 Special rules may apply to residents of Minnesota.
3 This policy provides ACCIDENT insurance only. It does NOT provide basic hospital, basic medical, or major medical insurance as defined by the New York Department of Financial Services. IMPORTANT NOTICE—THIS POLICY DOES NOT PROVIDE COVERAGE FOR SICKNESS. This flyer is a summary of benefits. It does not include all plan provisions, exclusions, and limitations. Availability of provisions and services may vary. A Group Contract with complete plan information will be provided. If there is a discrepancy between this document and the Group Contract issued by Prudential, the terms of the Group Contract will govern.
Accelerated Death Benefit option is a feature that is made available to group life insurance participants. It is not a health, nursing home, or long-term care insurance benefit and is not designed to eliminate the need for those types of insurance coverage. The death benefit is reduced by the amount of the accelerated death benefit paid. There is no administrative fee to accelerate benefits. Receipt of accelerated death benefits may affect eligibility for public assistance and may be taxable. The federal income tax treatment of payments made under this rider depends upon whether the insured is the recipient of the benefits and is considered ["terminally ill" or "chronically ill."] You may wish to seek professional tax advice before exercising this option.
Group Life, Accidental Death & Dismemberment, Business Travel Accident, and Special Risk Insurance coverages are issued by, and Absence Management Services are administered by, The Prudential Insurance Company of America, a Prudential Financial company, 751 Broad Street, Newark, NJ 07102. The Booklet-Certificate contains all details, including any policy exclusions, limitations and restrictions which may apply. Contract Series: 83500. 02460910246091-00002-00