Planning for The Financial Realities of Living Longer

Life insurance can help protect your loved ones from financial loss if you die prematurely. The death benefits proceeds will provide your beneficiaries with money that can help them through difficult times.

But, as people live longer, life insurance can also offer valuable living benefits.That's because we offer four permanent life insurance policies: PruLife® Founders Plus UL, PruLife® Universal Protector, PruLife® Custom Premier II, and VUL Protector® that, in addition to offering valuable death benefit protection, offer an optional BenefitAccess Rider.

While there are many benefits to living longer, you also need to prepare for these years. Think about the impact a chronic or terminal illness can have on you, your loved ones, and your retirement savings.

Life insurance from Pruco Life Insurance Company can help. It can help families overcome the emotional and financial burdens associated with chronic and terminal illness. This optional rider accelerates the death benefit (the amount paid to beneficiaries) of the life insurance policy if the insured is diagnosed with a chronic or ter minal illness.

Click on each policy name below to learn more about the features and benefits each policy can offer.


Financial Realities of Living Longer

How BenefitAccess Works

  • Purchase a PruLife® Founders Plus UL, PruLife® Universal Protector, PruLife® Custom Premier II, or VUL Protector policy with the BenefitAccess Rider included (at an additional cost). Additional underwriting requirements apply.
  • If, at any point in the future while your policy is still in force, you are certified as chronically or terminally ill by a licensed health care professional and meet the terms and conditions of the rider, you can then accelerate your policy’s death benefit. The BenefitAccess Rider is not long-term care insurance. Accelerating the policy’s death benefit may reduce and possibly eliminate the death benefit amount of the policy.
  • You can then use this money to pay for medical care, pay a family member who is providing at-home care, or any other expenses you may have.

The rider features two components that offer you protection:

  1. Chronic Illness
  2. Terminal Illness

Each works differently from one another but, when combined, they give you access to the death benefit should you suffer a chronic or terminal illness.

Learn more about BenefitAccess

Interested in talking to a financial professional about life insurance with the BenefitAccess Rider?  Click here to get started.

The BenefitAccess Rider is available for an extra premium. Additional underwriting requirements and limits may also apply. Obtaining benefits under the terms of the rider will reduce and may eliminate the death benefit.

Benefits paid under the BenefitAccess Rider are intended to be treated for federal tax purposes as accelerated life insurance death benefits under IRC §101(g)(1)(b). Tax laws related to the receipt of accelerated death benefits are complex and may be taxable in certain circumstances. Receipt of benefits may affect eligibility for public assistance programs such as Medicaid. Accelerated benefits paid under the terms of the Terminal Illness portion of the rider are subject to a $150 ($100 in Florida) processing fee. You should consult your tax and legal advisors prior to initiating any claim.

A licensed heath care practitioner must certify the chronic or terminal illness to qualify for the benefits. Chronic illness claims will require recertification by a licensed health care practitioner. Other terms and conditions may apply. This rider is not long-term care (LTC) insurance and it is not intended to replace LTC. The rider may not cover all of the costs associated with chronic illness. The rider is a life insurance accelerated death benefit product, is generally not subject to health insurance requirements, and may not be available in all states.

This is a life insurance benefit that also gives you the option to accelerate some or all of the death benefit in the event that you meet the criteria for a qualifying event described in the policy. This policy or certificate does not provide long-term care insurance subject to California long-term care insurance law. This policy or certificate is not a California Partnership for Long-term Care program policy. This policy or certificate is not a Medicare supplement (policy or certificate). It is important to understand the differences between the BenefitAccess Rider (BenefitAccess) and Long-Term Care (LTC) Insurance. While BenefitAccess and LTC Insurance both provide benefits for similar conditions, BenefitAccess is not Long-Term Care Insurance and should not be used to replace Long-Term Care Insurance. BenefitAccess is an accelerated death benefit rider, which allows a qualifying client to accelerate the death benefit on their life insurance policy, subject to the conditions in the contract. Once the insured qualifies for benefits, payments can begin immediately and there are no restrictions on the use of benefit payments. A LTC insurance policy is a type of health insurance designed to provide coverage for qualified LTC expenses for a set number of years or possibly a person’s lifetime, subject to the conditions in the contract. Many LTC insurance policies have a provision which requires the client to satisfy a benefit waiting period or elimination period such as 90 or 100 days prior to being eligible to receive benefits. LTC policies generally pay benefits either on an indemnity or expense reimbursement basis, and generally require evidence that the insured has incurred expenses for qualified LTC services. There may be other differences between BenefitAccess and any specific LTC Insurance policy. You should carefully review the specific details of each before making any decision to purchase.

The BenefitAccess rider is available on PruLife Universal Protector, PruLife Founders Plus UL, PruLife Custom Premier II and VUL Protector, all issued by Pruco Life Insurance Company except in New York where, if available, they are issued by Pruco Life Insurance Company of New Jersey. Variable life policies are issued by Pruco Securities, LLC (member SIPC, 751 Broad Street, Newark, 07012. All are Prudential Financial companies located in Newark, NJ. Each is solely responsible for its own financial condition and contractual obligation.

The policy form number for PruLife Universal Protector is ULNLG-2013. The rider form numbers for BenefitAccess Rider for PruLife Universal Protector is VL 145 B-2013 or ICC13 VL 145 B-2013.
The policy form number for PruLife Founders Plus UL is IULNLG-2013 or ICC13 IULNLG-2013. The rider form numbers for BenefitAccess Rider for PruLife Founders Plus is VL 145 B2-2013 or ICC13 VL 145 B2-2013.

The policy form number for PruLife Custom Premier II is VUL-2014 or ICC14 VUL-2014. The policy form number for VUL Protector is VULNLG-2014 or ICC14 VULNLG-2014. The rider form numbers for BenefitAccess Rider for PruLife Custom Premier II and VUL Protector are VL 145 B3-2014 or ICC14 VL 145 B3-2014. Policy form and rider form numbers may be followed by a state code.
Like most insurance policies, our policies contain exclusions, limitations, reductions of benefits, and terms for keeping them in force. Your financial professional can provide you with costs and complete details.

All guarantees and benefits of the insurance policy are backed by the claims-paying ability of the issuing insurance company and do not apply to the underlying investment options. Policy guarantees and benefits are not backed by the broker/dealer and/or insurance agency selling the policy, nor by any of their affiliates, and none of them makes any representations or guarantees regarding the claims-paying ability of the issuing company.

Investors should consider the investment objectives, risks, and charges and expenses, carefully before investing in the contract and/or underlying portfolios. The prospectus and, if available, the summary prospectus contain this information. They also contain other important information. A copy of the prospectus(es) may be obtained from You should read the prospectus(es) carefully before investing.

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