Prudential Group Insurance is a leader in life insurance, offering creative solutions to your benefits challenges.
Even in the world's most mature insurance markets, many people remain underinsured today. Half of all Americans, for example, believe they lack the coverage they would need for income replacement, disability, and long-term care. With people living longer than ever, individuals and organizations must find new ways to close this insurance gap.
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.
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.
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.
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.
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.
- 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.
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 State Insurance Department. 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.
Group life and accident insurance coverages are issued by The Prudential Insurance Company of America, 751 Broad Street, Newark, NJ 07102. The Booklet-Certificate contains all details, including any policy exclusions, limitations and restrictions which may apply.
California COA #1179 NAIC Code #68241