Web Content Viewer

Actions

Term Life Insurance

Web Content Viewer

Actions

Term Life Insurance is a good place to start if you’re new to life insurance. In many ways, buying a term policy is similar to leasing a car. When you lease a car, there are typically a few lease periods you can choose from—and you make payments for that length of time. At the end of your car lease, you stop making payments and return the car, or you can keep the car for an additional cost. Term policies work much the same way.

If you’re like many folks, you may be surprised to learn just how affordable the protection of term life insurance can be. Quickly see for yourself when you get an instant custom quoteOpens in a new window.

Web Content Viewer

Actions

Web Content Viewer

Actions

Should I Keep Reading?

If you are new to life insurance and your main goals are death benefit protection and affordability, then purchasing a term policy might be the way to go. It can also be a good option if you already have life insurance but want to put additional coverage in place for a limited period of time.

Web Content Viewer

Actions

What Is Term Life Insurance?

There’s nothing too complicated about term policies. You choose how long you want your coverage to last, and you make regular premium payments for that time period. If you die during the time you’re covered, then your beneficiaries receive the death benefit.

Your premiums will not change for the coverage period you select. As long as you pay the premiums on time, you’re covered. You can even choose a premium payment schedule that’s convenient for you (monthly, quarterly, bi-annually, or annually). Paying premiums more frequently than annually may result in your paying higher total premiums.

Generally, when your term coverage ends, you stop making payments and you no longer have coverage. There may be other end-of-term options like continuing coverage or buying another policy. But we’ll talk more about that later.

How Do Term Life Insurance Policies Work?

  • An income tax-free death benefit to help protect your family or business when you die (per IRC §101(a)).
  • Guaranteed premiums that will stay the same during the level-premium period. After this period, premiums will increase each year until the policy ends (usually at age 95) and may not be guaranteed.

Most of our term policies offer:

  • Access to the death benefit while still living to help you out financially if you become terminally ill.
  • A conversion option. Conversion is the ability to change your term policy into a permanent policy that can potentially cover you for life. One of the main advantages of conversion is that there’s no need to go through another health exam.1 That’s good news for anyone who has aged (all of us) or whose health status may have changed since purchasing the initial policy.
  • A choice of riders. You can customize your policy by adding features, called riders, at an additional cost. The riders available are listed below.

Web Content Viewer

Actions

Prudential’s Term Life Insurance Policies

Prudential’s term life policies are priced with competitive rates. What’s more, they’re designed to be flexible when life changes. For instance, if you marry, grow a family, or enter retirement with a need for lifetime coverage, your Prudential term policy can be converted to any of our permanent ones at any time. A financial professional can provide you with quotes and help you make an informed decision about the policy you choose. At Prudential, we’ve got you covered.

Web Content Viewer

Actions

Only Death Benefit

Business

One of our most affordable products, Term Essential can help ensure that your loved ones can carry on after you’re gone. The death benefit they receive can be used for any purpose. There are no restrictions. Many people commonly use the money to:

  • Cover final expenses
  • Pay off the mortgage
  • Replace lost income
  • Pay debts

Tailor your policy

You can build this policy with optional features. These are called riders. Riders can help you:

  • If you become seriously ill.* See the Living Needs BenefitSM.
  • If you would like to provide an additional death benefit to your family. See the Accidental Death Benefit.
  • If you become disabled. See the Waiver of Premium.
  • If you would like to add life insurance coverage for your minor children. See the Children’s Protection Rider.

 Learn more about the riders available on Term Essential

 Explore Term Essential   PDF Opens in a New Window  

 Get a quote   Opens in a New Window

 Have a Financial Professional contact you

 

Only Death Benefit

This product provides coverage that is similar to Term Essential, and comes with a few extras. For example, if you choose to convert to a permanent policy within the first five years, you will receive credit on your first-year premium. This can help make the transition from term to permanent coverage a bit easier.

Tailor your policy

You can build this policy with optional features. These are called riders. Riders can help you:

  • If you become seriously ill.* See the Living Needs BenefitSM.
  • If you would like to provide an additional death benefit to your family. See the Accidental Death Benefit.
  • If you become disabled. See the Waiver of Premium.
  • If you would like to add life insurance coverage for your minor children. See the Children’s Protection Rider.

 Learn more about the riders available on Term Elite

 Explore Term Elite   PDF Opens in a New Window  

 Have a Financial Professional contact you

 

Only Death Benefit

This product provides a term life insurance option that can be purchased online and is designed to be affordable to fit into your budget. Up to $500,000 in coverage is available for durations of 10, 20, or 30 years. Not available in all states.

 Explore SimplyTerm   PDF Opens in a New Window  

 Buy Online

 

Business

PruTerm One is unlike a lot of policies because it offers coverage one year at a time. You may be asking: “Who needs this type of coverage?”

PruTerm One may be an ideal solution if you are a small-business owner who is paying off a short-term loan. This policy is both convenient and cost-effective because you’re not paying for long-term coverage that you don’t need. It may also be a good option for certain advanced planning situations.

Tailor your policy

You can build this policy with an optional feature, called a rider. This rider can help you:

  • If you become seriously ill.* See the Living Needs BenefitSM.

 Learn more about the riders available on PruTerm One

 Explore PruTerm One   PDF Opens in a New Window  

 Have a Financial Professional contact you

Web Content Viewer

Actions

Web Content Viewer

Actions

Buy a Life Insurance Policy

Few things in life are more important than protecting your loved ones. Help safeguard your family’s financial future with life insurance from Prudential. It can be easy, fast, and affordable. Discover just how affordable protection from a Prudential term life insurance policy can be.

Web Content Viewer

Actions

Footnote

1 Full underwriting for new contracts will be required if a Type C death benefit option is requested.

* Subject to the terms and conditions of the rider.

The rider form numbers may all be followed by a state code and are:

  • The Living Needs BenefitSM: ORD 87241-90-P or ORD 87335-90 (Not available in WA.)
  • Waiver of Premium: Term Essential and Term Elite: TB 100-2000; there may be state variations.
  • Accidental Death Benefit: Term Essential, Term Elite: TB 113-2000 (Not available in MA.)
  • Children’s Protection Rider: Term Essential, Term Elite: TB 182-2000; TB 184-2000 for after issue. There may be state variations.

PruTerm One (ICC17 PART-2017 or PART-2017), Term Essential (ICC19 PLTIC-2019 or PLTIC-2019), Term Elite (ICC19 PLTI-2019 or PLTI-2019), and SimplyTerm  (ICC18 SIMPT-2018 or SIMPT-2018 followed by a state code) are issued by Pruco Life Insurance Company in all states except in New York, where, if available, they are issued by Pruco Life Insurance Company of New Jersey. Both are Prudential Financial companies located at 213 Washington Street, Newark, NJ. Each is solely responsible for its own financial condition and contractual obligations.

All guarantees and benefits of the insurance policy are backed by the claims-paying ability of the issuing insurance company. These products may not be available in all states.

Our policies contain exclusions, limitations, reductions in benefits, and terms for keeping them in force. A financial professional can provide you with costs and complete details.

1004572-4
For Compliance Use Only 1004572-00004-00  Ed. 09/2019