Pruco Life Insurance Company
Pruco Life Insurance Company
A wholly owned subsidiary of The Prudential Insurance Company of America
Headquartered in Newark, NJ
Established in 1971
Over $81 billion of admitted assets as of 12/31/12, Pruco Life*
Company InformationPruco Life Insurance Company
Phoenix, AZ | NAIC #79227
Pruco Life Insurance Company commenced business in 1971. Pruco Life is a wholly owned subsidiary of The Prudential Insurance Company of America. In December 2001, Prudential converted from a mutual to a stock company, and became an indirect, wholly owned subsidiary of Prudential Financial, Inc. (PFI). Pruco Life Insurance Company is licensed in 49 states, the District of Columbia, Guam and Taiwan. Pruco Life is not licensed in New York. Corporate headquarters are located at 213 Washington Street, Newark, NJ 07102.
Pruco Life Insurance Company of New Jersey
Newark, NJ | NAIC #97195
Pruco Life Insurance Company of New Jersey (Pruco NJ) commenced business in 1982, and is a wholly owned subsidiary of Pruco Life Insurance Company, which in turn is wholly owned by The Prudential Insurance Company of America. In December 2001, Prudential converted from a mutual to a stock company, and became an indirect, wholly owned subsidiary of Prudential Financial, Inc. (PFI). Pruco NJ is licensed in New Jersey and New York. Corporate headquarters are located at 213 Washington Street, Newark, NJ 07102.
Pruco Life Insurance Company | SelectQuote
AAA (Extremely Strong) is the highest of 21 ratings that Standard & Poor’s extends, the lowest being R (has experienced regulatory action), and is a measure of claims-paying ability. AAA (offers exceptional financial security) is the highest of 21 ratings that Moody’s extends, the lowest being C (having extremely poor prospects of ever offering financial security), and is a measure of financial security. A++ (Superior) is the highest of 16 ratings that A.M. Best extends, the lowest being S (Suspended), and is a measure of claims-paying ability. AAA (Exceptionally Strong) is the highest of 21 ratings that Fitch Ratings extends, the lowest being D (Distressed), and is a measure of insurer financial strength. Ratings are not an indication of any variable portfolio’s performance, which fluctuates with market conditions. Ratings are not a guarantee of future financial strength and/or claims-paying ability.
Discover the Benefits of Term Life Insurance | SelectQuote
What Is Term Life Insurance?
Term life insurance is the most affordable way to protect your family’s financial security if something happens to you. It replaces your income in the event of your death, and ensures that the ones who depend on you can support themselves financially in your absence. Healthy men and women in their mid 30s and 40s can buy hundreds of thousands of dollars of coverage for under a dollar a day.
Term life insurance definition
Term life insurance provides coverage for a specific period of time. You can generally buy term life insurance for periods of five years or more, and your policy is active until that period passes. Because you only pay for it as long as you need it, term life insurance is considerably more affordable than whole or permanent life insurance.
Who can buy term life insurance?
Most people between the ages of 18 and 75 can buy term life insurance, although the younger you are and the better your health, the more affordable it is. While people with terminal conditions may have trouble getting approved for a policy, it’s possible for cancer survivors, diabetics, and people who take medications for cholesterol, blood pressure and other conditions to obtain coverage.
How does term life insurance work?
You can buy term life insurance for five, 10, 15, 20, or 30 years — however long you need it. So long as you pay your premiums on time, your policy will remain active until the end of the term period you’ve selected. If something happens to you while the policy is active, your beneficiaries will receive a death benefit for the amount of the policy. In most cases, term life insurance proceeds are tax-free. Consult your tax advisor if you have any questions.
Term life insurance is a great way to make sure that your family’s well-being is taken care of. No one ever anticipates needing to use life insurance, and tragic life events happen unexpectedly. Be prepared and get a free quote today.