Review of Prudential Life Insurance

Pru Life is a subsidiary of Prudential plc, who is a well-known British financial services company with over 168 years of legacy. Prudential Life Insurance has around 24 million insurance customers and manages over £599 billion of assets as of December 2016.

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Pros
Cons

About Prudential

Prudential Life Insurance, known as Pru Life UK was incorporated as Pru Life Insurance Company of UK in January of 1996. They offer term life insurance, whole of life insurance, and Variable Universal Life (VUL) insurance. VUL policies are investment life insurance policies.

Prudential Life Insurance does not offer online applications or quotes. You can, however, request an inquiry to gain additional information on the policies that are outlined here.

Insurance Options: Our Honest Breakdown

Prudential Life Insurance offers one whole of life policy, one term policy, and several VUL policies both whole of life and term.

PruLife

Prudential Life Insurance PruLife is a whole of life plan. It offers a guaranteed death benefit as well as a guaranteed living benefit.

Applicants must be 7 days old up to 75 years of age. The cover will last until age 99.

Prudential insurance offers a selection of riders that will add to the benefits of your plan. Accidental Death, Waiver of Premium, Total and Permanent Disability, and Personal Accident are just a few.

PruTerm15

Prudential Life Insurance is a term policy with up to 15 years of term cover. It is available to residents of the UK ages 18 to 65. It offers guaranteed renewability and the guaranteed ability to convert the term to a whole of life or VUL policy.

PruTerm15 offers a selection of riders that will add to the benefits of your plan.

Accelerated Total and Permanent Disability with Prudential Insurance (UK) will release the benefit early if insured is totally disabled due to an injury or illness.

Accelerated Life Care Benefit will release the benefit early from the cover amount if diagnosed with one of the 36 covered critical illnesses, such as cancer or diabetes.

Accidental Death and Disablement will pay the cover amount if insured dies due to the accident.

Personal Accident policy of Uk Prudential Insurance pays the insured for injury or death due to accident.

Hospital Income pays daily and lump sum cash benefits to the insured to cover hospitalization costs due to an injury or illness.

Waiver of Premium on Total and Permanent Disability will waive future premiums until the end of the term, if the insured becomes totally and permanently disabled due to disease or injury.

Life Care Waiver with Prudential insurance waives all future premium payments until the end of the term if the insured is diagnosed with a critical illness.

Variable Universal Life

Prudential Life Insurance offers 5 Variable Universal Life (VUL) policies. These are insurance policies with investment options attached. In the event of death, the insured is covered for the sum assured, the value of units in the policy, and 125% of all top off minus any withdrawals on the top of units.

These policies are available for UK residents aged 0 through 70. The policy will last up to the age of 100. The PruElite availability age is 0 – 75.

Prudential Life Insurance VUL policies offer these core benefit to each policy.

Accelerated Total and Permanent Disability will release the benefit early if insured is totally disabled due to an injury or illness.

Accidental Death and Dismemberment will pay the cover amount if insured dies due to accident

Prudential Life Insurance has 2 whole of life VUL.s and 3 Term VUL options. While each has the same core benefits, they each have separate optional riders to assist with tailoring the policy to your specific needs.

PRUlink Assurance Account Plus

It is a Whole of Life policy. It offers these additional riders to enhance the policy benefit.

Accelerated Life Care Benefit pays early the benefit amount if diagnosed with any of the 36 covered critical illnesses presented by Prudential Insurance (UK).

Life Care Plus pays the benefit amount if diagnosed with any of the 36 covered critical illnesses AND keeps the basic sum insured intact.

Multiple Life Care Plus pays for multiple critical illnesses on top of the basic cover with Prudential Insurance (UK).

Life Care Advance Plus pays early plus an additional amount with early diagnosis of any one of the 10 covered critical illnesses.

Payor Term or Payor Waiver pays if the person who pays dies or waives premiums if the payor becomes disabled.

Personal Accident compensates the insured for death or injury due to an accident.

Hospital Income Benefit where UK based Prudential Insurance will pay a daily lump sum benefit for hospitalization costs due to illness or injury.

Life Care Waiver will waive future premiums until the end of the term if insured is diagnosed with any of the critical illnesses covered under the Accelerated Life Care Benefit.

Waiver of Premium on Total and Permanent Disability will waive future premiums until end of the term with Prudential Life Insurance policy if the insured becomes totally disabled due to disease or injury

PRUlink Exact Protector and PRUlink Elite Protector Series

It is a term policy of Prudential Insurance (UK). It offers four different term options. 5 pay, 7 pay, 10 pay, and 15 pay. It offers these additional riders to enhance the policy benefit.

Protection against accident, death, and disability with riders such as Personal Accident which pays in the event of an accident, Payor Term pays should the payor die, and Waive of Premium which pays in the event of injury or illness causes disability are just a few.

Protection against critical illness. These are the same benefits as with the Prudential insurance PRUlink Assurance Account Plus plan. Life Care Benefit, Life Care Plus, Multiple Life Care Plus, Life Care Advance Plus, Hospital Income Benefit and Life Care Waiver provided by Prudential Life Insurance.

Comparing these policies together has shown that; PRUlink Exact Protector is easier for planning and protection of your finances there as PRUlink Elite Protector Series protects your wealth accumulation, be it; education, new house, business, retirement savings. Making your savings more attainable and manageable.

PRUlink Exact Protector - Low Premium

It is a term policy. It offers two different term options. 10 pay and 15 pay. In the UK, Prudential Insurance offers these additional riders to enhance the policy benefit

Protection against accident, death, and disability with riders such as Personal Accident which pays in the event of an accident, Payor Term pays should the payor die, and Waive of Premium which pays in the event of injury or illness causes disability are just a few.

Protection against critical illness. According to the Prudential Life Insurance, in the UK these are the same benefits as with the PRUlink Assurance Account Plus plan. Life Care Benefit, Life Care Plus, Multiple Life Care Plus, Life Care Advance Plus, Hospital Income Benefit and Life Care Waiver

PRUlink Assurance Account Plus - Low Premium

It is a whole of life policy offered by UK Prudential insurance company. It offers these additional riders to enhance the policy benefit.

Accidental Death and Disablement where Prudential Life Insurance clayms to pay benefit amount if insured dies within 180 days of an accident before age 73

Crisis Cover Benefit where Prudential insurance pays benefit amount early if diagnosed with any of 15 critical illnesses before age 60.

Payor Waiver will waive future premiums if the Payor dies or becomes totally disabled.

Guaranteed Insurability Option Benefit where Prudential Life Insurance will guarantee the ability to purchase additional policies without the insured being subject to additional medicals.

PruMax Invest Hybrid

It is a term policy and investment tool wrapped in one, provided by Prudential Insurance (UK). Applicants must be 18 years of age up to 68. It is available with term options up to 15 years.

Death Benefit is made up of the sum assured of the policy and the death benefit of the Variable Life Rider.

Conclusion: Prudential Life Insurance

Prudential Insurance provides these stand-alone policies for Health and Wellness. A Lump sum is paid to the insured in the event of death.

PruLife Series for Critical Illness

Available to ages 18-64. The policy must end by age 70.

Multiple Life Care Plus will provide the ability to file a claim under the policy up to three times.

Life Care Advance Plus will pay early 25% of the sum assured if diagnosed with any one of the 10 critical illnesses at an early stage. Can be used up to four times. Remaining paid out when the insured reaches advanced stages.

Life Care Plus with Prudential Insurance will pay the sum assured if diagnosed with any one of the 36 covered critical illnesses.

PruShield

Is available to ages 18 to 64. It is a one-year term policy with Prudential Life Insurance. It will pay a:

  • Daily Hospital Income Benefit
  • Term Policy.

PruWellness

Is available to users of Prudential Insurance aged 18 to 64. It is a one-year term policy. It will pay a:

  • Daily Hospital Income Benefit
  • Dread Disease Benefit
  • ICU Benefit
  • Surgical Expense Benefit
  • Long-term Hospitalization Benefit
  • And a Term Policy

PruPersonal Accident

Is for the Prudential Life Insurance users aged 5 to 64. The policy will end at age 70. It will pay a:

  • Accidental Death and Disablement
  • Total and Permanent Disability
  • Burial Benefit
  • Murder and Assault (except for PA-Junior)
  • Renewal Bonus

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