Prudential Life Insurance – Online Quotes
Article by Mark Prip
Prudential’s history dates back to 1875, when an insurance agent named John Fairfield Dryden founded the company in an office basement. The company, then called the Prudential Friendly Society, strove to offer life insurance to the working class at rates everyone could afford. Today, Prudential is one of the most trusted life insurance companies in the United States. If you wish to buy permanent life insurance from Prudential, you can choose from variable, universal, or survivorship coverage. Each has benefits that you will need to consider. Plans will vary depending on your location. To get an accurate estimate, visit the website for Prudential life insurance online quotes.
The first type of permanent life insurance, universal, allows policyholders to customize their plans by tailoring their premiums and death benefits to their needs. Prudential offers two different plans: the PruLife Universal Protector and the PruLife Universal Plus. The Universal Protector plan offers lifetime coverage, two death benefit options, the potential to accumulate cash value, and the ability to choose when you make your premium payments. The Universal Plus includes similar features, but offers three death options and only provides guaranteed protection for 25 years. Some plans might not be available in your state. Look up Prudential life insurance online quotes for more information.
Variable life insurance (also called variable universal life insurance) is similar to a universal plan in many ways. If you choose one of Prudential’s variable plans, you will also have the ability to choose your premiums and death benefits. This type of plan will also allow you to increase your cash value through a variety of investment methods. Before choosing this plan, think carefully. Although you can increase your cash value, you could also suffer significant losses. Prudential offers two variable plans, including the VUL Protector and the PruLife Custom Premier II. Portfolios and Prudential life insurance online quotes are available on the company website.
Finally, you can choose a survivorship plan to protect your estate and ease the burden of estate taxes. This type of plan protects two people and pays benefits after both die. Prudential only offers one plan, called the SUL Protector. You will have the same flexibility as a universal plan if you choose this option. As you can see, there are a number of plans available. To determine which plan is best for you, call an agent, visit a broker, or look at Prudential life insurance online quotes on a third-party website.
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