Term Life Insurance
Term life insurance is a good fit for short-term needs or those that have a specific end point. Simply choose a term policy duration to meet those needs—for example, to help ensure your family will be able to pay a 20-year mortgage, you can choose a 20-year term policy. Our policies allow you to choose the length of coverage you need, such as 10, 15, 20, or even 30 years. During this period, called the level-premium period, your premiums are guaranteed not to change. After this period, however, premiums will increase each year until the policy ends (usually at age 95) and may not be guaranteed. All of our term policies offer:
- Premiums that are guaranteed to stay the same during the level-premium period.
- The option to convert the policy, which means you can convert your term policy to a permanent policy without having to take a new medical exam. Our policies allow this up to age 65 or 5 years from issue, depending on the policy.
- A choice of ways to customize your policy with add-ons known as riders.
Features & Benefits of Policies We Offer
| Term Essential® | Term Elite® | PruTerm® WorkLife 65SM |
PruLife® Return of Premium Term |
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| Consider when you are looking for | An affordable entry into term insurance | A stepping stone to permanent insurance | Insurance protection during your working years | The security of term insurance with a guarantee to have your premiums returned if you outlive the level-premium period (Terms and conditions apply) |
| Flexibility of coverage | You can choose a level-premium period of 10, 15, 20, or 30 years | You can choose a level-premium period of 10, 15, 20, or 30 years | Level-premium period lasts until you’re age 65 | You can choose a level-premium period of 15, 20, or 30 years |
| Option to convert | Available to the end of the level-premium period or age 65, whichever is earlier, but never less than 5 years | Available to age 65 or 5 years from issue, whichever is later | Available up to age 651 | Available to the end of the level-premium period or age 65, whichever is earlier, but never less than 5 years1 |
| Customize your policy | You can add extra protection to your policy to provide life insurance protection for your children while they are still young, pay an additional benefit if you die as a result of an accident, and more. (Additional costs apply) | You can add extra protection to your policy to provide life insurance protection for your children while they are still young, pay an additional benefit if you die as a result of an accident, and more. (Additional costs apply) | You can add extra protection to your policy to provide life insurance protection for your children while they are still young | |
| Get a conversion credit | If you convert to a permanent policy within the first 5 years | |||
| Stay protected | Your policy will be kept in force and your premiums will be waived if:
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| Get your money back | Your out-of-pocket premiums are guaranteed to be returned to you at the end of your level-premium period (provided you are still alive and your policy remains in force). Any loans you have taken and not paid back plus any interest owed will be subtracted from the amount returned to you | |||
| Learn more | Get a Term Essential Quote Download Brochure |
Get a Term Elite Quote Download Brochure |
Watch a video about WorkLife 65 Get a WorkLife 65 Quote Download Brochure |
Get a Return of Premium Term Quote Download Brochure |
1 We allow conversion to survivorship policies at the company’s discretion – it may discontinue the practice at any time. The disability and unemployment benefit for PruTerm WorkLife65 is not convertible.
2 This protection falls under the included Insured’s Waiver of Premium Benefit (rider form number TB 102-2011 ). If you become disabled, you won’t have to pay premiums until either your disability ends or you turn 65, whichever comes first. If 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 the full year preceding the date unemployment began. The unemployment feature may be used only once.
PruTerm WorkLife 65 (PLTUB-2011), Term Essential (PLTIC-2008), and Term Elite (PLTI-2008) are issued by Pruco Life Insurance Company in all states except in New York, where they are issued by Pruco Life Insurance Company of New Jersey. PruLife Return of Premium Term (PLTIR-2009) is issued by Pruco Life Insurance Company in all states except New Jersey and New York, where it is issued by Pruco Life Insurance Company of New Jersey. Both are Prudential Financial companies located in Newark, NJ. Each is solely responsible for its own financial condition and contractual obligations.
All guarantees are subject to the financial strength and claims-paying ability of the issuer. These products may not be available in all states.
Policies contain exclusions, limitations, reductions of benefits and terms for keeping them in force. A financial professional can provide you with costs and complete details.
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