What type of company is prudential life

Member of the Life Insurance Council. For more details on the risk factors, term and conditions please read the product brochure carefully before concluding the sale. Toggle navigation Search. Employees Branch Sales Former Employees. Login customer employee advisor corporate. Buy Online meet advisor.

Know More meet advisor. View All Plans. What is Term Insurance? What is Health Insurance? What are ULIPs? What are Retirement Pension Plans? What are Child Insurance Plans?

What is Annuity? What is Critical Illness Insurance? Prudential has three indexed universal life policies:. Variable universal life insurance policies are best for people who want to take a more active role in managing their plans. Variable universal life insurance policies combine protection with the potential to accumulate cash value through underlying investment options.

You choose from the underlying investment options based on your risk tolerance and goals, and the value of your money can change over time. To build cash value, you make payments beyond the cost of your insurance.

The money is placed into the underlying investment options, and you can access the money through withdrawals or loans.

Prudential has three variable universal life policies:. Riders, also known as insurance endorsements , are optional features you can add to your insurance policy. Riders can be used to enhance, adjust, and customize your coverage and tailor your plan to meet your needs. Most riders are only available when you purchase or renew your policy. Riders usually have an additional cost and may have added underwriting criteria.

Not all riders listed below are available with every policy type. Certain policy types only offer certain riders. Prudential offers the following riders:. This rider has an added cost and is not available in Massachusetts. If you become chronically or terminally ill, the BenefitAccess rider allows you to access your death benefits early.

Available for permanent insurance policies, the Children Level Term rider allows you to get life insurance for young children. You can also convert the coverage to permanent insurance when they get older. The Enhanced Cash Value rider is typically for business uses. This rider offers the highest surrender values if you need to give up your policy in the early years.

If you become disabled and unable to work, the Enhanced Disability Benefit will keep your life insurance policy in force. With the Guaranteed Policy Split rider, you can split survivorship policies into two separate policies if estate laws change or if you divorce. If you are diagnosed with a terminal illness or, in some states, need a vital organ transplant or are expected to be permanently confined to a nursing home, you can use the Living Needs rider to access your death benefit early.

There is no charge to add the Living Needs rider to your policy; you only pay for the rider if you use it. The Overloan Protection rider can prevent that from happening. This rider has a one-time charge.

With the Survivorship BenefitAccess rider, you and the other insured person on your survivorship insurance policy can access your death benefits early if one or both of you become chronically or terminally ill. You will have to go through additional underwriting, and there is an added cost for this rider. With the Waiver of Monthly Deductions rider, Prudential will pay the monthly charges into the contract fund if you become totally disabled for at least six continuous months.

Available on term life policies, the Waiver of Premium rider keeps your insurance policy intact if you become disabled, are unable to work, and cannot pay your insurance premiums. With Prudential, qualified insurance candidates can get quotes for term life insurance online, and some people can even purchase their policies through the website. However, most people will have to contact a Prudential financial professional to get a quote and purchase a policy.

You can talk with professionals over the phone or in-person. You can reach customer support by calling:. However, you can file a claim online 24 hours a day, seven days a week. In terms of complaints, Prudential has had a higher-than-average number of complaints lodged against it in the individual life insurance category. Company-wide it has had a roughly average amount of complaints. The complaint ratios are a number that reflects the number of complaints a company had relative to its market share.

According to the NAIC, 1. Complaint ratios above 1. Their complaint index for the whole company is a more respectable 0. The majority of complaints were about how claims were handled, including delays and denials of claims.

When it comes to financial stability, Prudential is well-regarded. In Prudential Corporation Asia was established in recognition of the high potential for growth in Asia. Today, Prudential plc provides life and health insurance and asset management, with a focus on Asia and Africa. The business helps people get the most out of life, by making healthcare affordable and accessible and by promoting financial inclusion.

Founded in and providing financial security in Asia for over 90 years. View prudential timeline.