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.
  • A choice of ways to customize your policy with add-ons known as riders.
 

Term Essential®

Protection made simple.

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Consider when you are looking for An affordable entry into term insurance
Flexibility of coverage You can choose a level-premium period of 10, 15, 20, or 30 years
Option to convert1 Available to the end of the level-premium period or age 65, whichever is earlier, but never less than 5 years
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)
Customization Options:
  • Accidental Death Benefit
  • Children Protection Rider
  • Living Needs Benefit
  • Waiver of Premium
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Term Elite®

Your stepping stone to permanent insurance.

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Consider when you are looking for A stepping stone to permanent insurance
Flexibility of coverage You can choose a level-premium period of 10, 15, 20, or 30 years
Option to convert1 Available to age 65 or 5 years from issue, whichever is later2
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)
Customization Options:
  • Accidental Death Benefit
  • Children Protection Rider
  • Living Needs Benefit
  • Waiver of Premium
Get a conversion credit If you convert to a permanent policy within the first 5 years
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PruTerm® WorkLife 65SM

Protection for your working years.

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Consider when you are looking for Insurance protection during your working years
Flexibility of coverage Level-premium period lasts until you’re age 65
Option to convert1 Available up to age 652
Customize your policy You can add extra protection to your policy to provide life insurance protection for your children while they are still young
Customization Options:
  • Accidental Death Benefit
  • Children Protection Rider
  • Living Needs Benefit
Stay protected Your policy will be kept in force and your premiums will be waived if:
  • You become disabled before age 653
  • You become unemployed3
(Restrictions apply. Please see below for more information)
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PruLife® Return of Premium Term

A life insurance policy that pays you back for living.

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Consider when you are looking for 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 15, 20, or 30 years
Option to convert1 Available to the end of the level-premium period or age 65, whichever is earlier, but never less than 5 years
Customize your policy You can choose to have an option to accelerate your death benefit should you become terminally ill.
Customization Options:
  • Living Needs Benefit
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
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PruTermSM One

Life insurance protection — one year at a time.

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Consider when you are looking for A term life insurance policy for needs that last from 1-5 years at most. Also a stepping stone into permanent insurance.
Flexibility of coverage Your coverage lasts one year and is renewable annually up to age 954
Option to convert1 Available through the 5th policy anniversary.
Customize your policy You can choose to have an option to accelerate your death benefit should you become terminally ill.
Customization Options:
  • Living Needs Benefit
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Resources for PruTermSM One


1 We allow conversion to survivorship policies at the company’s discretion – it may discontinue the practice at any time.

2 The disability and unemployment benefit for PruTerm WorkLife65 is not convertible.

3 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.

4 After the first year, your premiums increase annually to age 95. They are not guaranteed, but will not be more than those shown in your contract.

PruTerm One (ICC14 PART-2014 or PART-2014), 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. PruTerm WorkLife 65 (PLTUB-2011) is issued by Pruco Life Insurance Company, except in New York, where it is currently unavailable. PruLife Return of Premium Term (PLTIR-2013 or ICC13 PLTIR-2013) 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.
 

The Living Needs BenefitSM is an accelerated death benefit and is not a health, nursing home, or long-term care insurance benefit and is not designed to eliminate the need for insurance of these types. There is no charge for this rider but, when a claim is paid under this rider, the death benefit is reduced for early payment, and a $150 processing fee ($100 in Florida) is deducted. If more than one policy is used for the claim, each policy will have a processing fee of up to $150 deducted ($100 in Florida). Portions of the Living Needs Benefit payment may be taxable, and receiving an accelerated death benefit may affect eligibility for public assistance programs. The federal income tax treatment of payments made under this rider depends upon whether the insured is the recipient of the benefit and is considered “terminally ill” or “chronically ill.” We suggest the policyowner seek assistance from a personal tax advisor regarding the implications of receiving Living Needs Benefit payments. This rider is not available in Minnesota to new purchasers over age 65 until the policy has been in force for one year, and the nursing home option is not available in Connecticut, Florida, Massachusetts, New York, or the District of Columbia This rider is not available in Washington state.

In Oregon, term policies must include the waiver of premium benefit to be eligible for this rider. The form numbers for the Living Needs Benefit are ORD 87241 and ORD 87335; there may be state variations.


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