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Prudential Life Insurance Review 2016

Prudential Life Insurance Review 2016Prudential Life Insurance Review

Likes: Prudential has some of the best rates in the country on term life insurance. Also Prudential’s underwriting is the best in the country in many areas (see below). Prudential is highly rated, A+ Superior and has been in business since 1875.

Dislikes: I have wrote hundreds and hundreds of applications with Prudential and have can’t think of anything I dislike about Prudential. Only a minor complaint would be  that Prudential’s table rates (below average health) can be higher than other companies.

Overview: Prudential is one of the best life insurance companies in America in 2016. I have wrote thousands and thousands of life insurance policies and Prudential is one of the best companies hands down.  Prudential not only has some of the lowest rates in the country but they also have some of the best underwriting as well. Prudential Life Insurance Company (also known as Pruco Life Insurance Company) is one of the most well-known Fortune 500 financial companies in America with a Superior rating by A.M. Best and have been in business for over 135 years.

Prudential Term Life Insurance Key Facts

Founded: 1875

Also known as Pruco Life Insurance Company

Website: prudential.com

Located: New Jersey

Rating A+ Superior by A.M. Best

Available Terms: 10, 15, 20 and 30 year

A child rider is available

Conversion to permanent insurance available

Prudential Life Insurance Ratings 2016

A.M. Best: A+ Superior

S&P: AA-

Moody’s: A1

Fitch: A+

Comdex : 90

Prudential Life Insurance Health Rating Classes

Preferred Best

Preferred

Standard Plus

Standard

Table Rates

Prudential Life Insurance Term Lengths Available

10, 15, 20 or 30 year term lengths

Prudential Life Insurance Underwriting

Prudential Life Insurance will often have some of the best rates in the country for the healthy people, and those with minor to major health conditions.

Prudential Life Insurance Blood Pressure Guidelines

Preferred Best                                                         Preferred

Up to 130/80 for ages 49 or under            Up to 135/85 for ages 49 or under

Up to 135/85 for ages 50 and over            Up to 140/90 for ages 50 and over

No blood pressure medications                 Blood pressure medication ok

Standard Plus                                                         Standard

Up to 140/90 for ages 49 or under            Up to 140/90 for ages 49 or under

Up to 149/90 for ages 50 and over            Up to 149/90 for ages 50 and over

Blood pressure medication ok                    Blood pressure medication ok

Prudential Life Insurance Cholesterol Guidelines

Prudential has some of the best guidelines for those with elevated cholesterol, allowing up total cholesterol up to 300 an HDL ratio of 5.0 for the best rating class.

Prudential Life Insurance Total Cholesterol/HDL Ratio Guidelines

Preferred Best                                        Preferred                                         Standard Plus

Total 300 or less                               Total 300 or less                                Total 300 or less

HDL Ratio 5.0 or less                      HDL Ratio 6.0 or less                       HDL Ratio 7.0 or less

With or without medication          With or without medication             With or without medication

Prudential Life Insurance Underwriting Smokeless Tobacco

Prudential Life Insurance will typically have the best life insurance rates in the country for chewing-tobacco users, dip, snuff, daily cigar use, pipes, e-cigarettes, nicotine patch and nicotine gum.

Non-tobacco life insurance rate for users of: chew, dip, snuff, daily cigar use, pipes, e-cigarettes, nicotine patch and nicotine gum. (As long as no cigarettes in past 12 months.)

Prudential Life Insurance Anxiety and Depression Underwriting

Prudential has some of the best underwriting in the country for anxiety and depression medication. Prudential will allow up to two anxiety or depression medications and still be eligible for the best rate class, Preferred Best. (Depends on medication)

Prudential Life Insurance Pain Medication Underwriting

Prudential has some of the best guidelines for those taking pain medication such as Norco, Vicodin, Lortab, Demerol, Tramadol and Oxycontin. Prudential allows for a Preferred rating class if you work full time and use prescription narcotics and can perform normal duties. (Subject to underwriting)

Prudential Life Insurance Family History Guidelines

Preferred Plus

No death of a parent or sibling prior to age 60 due to heart disease or cancer

Preferred

No more than one death of a parent or sibling prior to age 60 due to heart disease or cancer

Non-smoker plus and Standard

Family history doesn’t affect rate

Prudential Life Insurance Private Pilots

Prudential also has the best life insurance company for pilots, allowing those with over 300 total hours, 30-300 annual hours flown, fixed wing and 5 years of aviation history, to be eligible for the best rating class.

Preferred Plus

Current valid pilot certificates

Private, Commercial, ATP

Minimum age is 30

Minimum 1,000 total hours or 5-year aviation history as certified pilot.

Minimum of 100 hours of flight time in current aircraft.

Valid medical certificate without restrictions

Fixed-wing powered aircraft flights only.

Preferred

Current valid pilot certificates

Private, Commercial, ATP

Minimum age is 30

Minimum 1,000 total hours or 5-year aviation history as certified pilot.

Minimum of 100 hours of flight time in current aircraft.

Valid medical certificate

No FAA violations in past 5 years

Standard Plus

Current valid pilot certificates

Private, Commercial, ATP

Minimum age is 25

Minimum 600 total hours or 3-year aviation history as certified pilot.

Valid medical certificate

No FAA violations in past 3 years

Prudential Life Insurance Medical Marijuana

Prudential is also the best life insurance company for those with a prescription of for medical marijuana, allowing for the best rating class. They also currently allow someone to use marijuana up to 3x a week for recreational purposes and still be eligible for a non-tobacco rate.

Prudential Life Insurance Sleep Apnea

Prudential has the some of the best underwriting for those diagnosed with sleep apnea, either mild, moderate or severe. Preferred Plus, Preferred, Standard Plus and Standard available depending on build, severity of sleep apnea and how often uses cpap.

Prudential Life Insurance Travel

Prudential has the best travel guidelines of any insurance company in America, by far. Trips and vacations to almost all foreign countries are permissible. Prudential is one of the few life insurance companies that will allow insureds to travel on mission trips and it will not affect your rate, it’s considered a business trip. Prudential even allowed one of our clients that was born in the U.S. but was moving to a foreign country permanently to the best rating class.

Mission Trips life insurance

Prudential allows for the best rate class in most cases.

Prudential Life Insurance with Fibromyalgia

Prudential has favorable underwriting for those with fibromyalgia.

Prudential Life Insurance TIA (mini stoke)

Prudential is also one of the best life insurance companies for those who have had a TIA (mini-stroke).

No Life Insurance Inspection Reports

Prudential Life Insurance doesn’t require Inspection Report which means easier underwriting.

Prudential Life Insurance Financial Eligibility

Prudential has one of the best financial eligibility guidelines. Most people aren’t aware that the total amount of life insurance one can have is largely based on one’s annual income. For Prudential the total amount of life insurance you are allowed to have active is:

Ages                   Factor

To 40              35x annual income

41 to 50          25x annual income

51 to 60          20x annual income

61 to 70          10x annual income

71 to 80           5x annual income

Prudential Life Insurance High-Net Worth

Prudential will insurance up to $65 million without needed to discuss the risk with reinsurers which speeds up the approval time.

Prudential Life Insurance Actual Birthday

Most life insurance companies determine your rate by your half birthday making you six months older than you actually are. Prudential determines your rate by your actual birthday.

Prudential Build Chart (Height to Weight)

Prudential has generous height to weight guidelines which allows for better rates.

For seniors over the age of 60, Prudential will often have the best rates in the country for height and weight life insurance (see table below).

Prudential Life Insurance Build Chart 2016

Male and Female Age 60 and over

Height Preferred
Best
Preferred Standard Plus Standard
4′ 10″ 148 167 191 215
4′ 11″ 153 173 198 222
5′ 0″ 158 179 204 230
5′ 1″ 164 185 211 238
5′ 2″ 169 191 218 246
5′ 3″ 175 197 225 254
5′ 4″ 180 204 232 262
5′ 5″ 186 210 250 270
5′ 6″ 192 216 247 278
5′ 7″ 198 223 255 287
5′ 8″ 203 230 262 295
5′ 9″ 209 236 270 304
5′ 10″ 216 243 278 313
5′ 11″ 222 250 286 322
6′ 0″ 228 258 294 331
6′ 1″ 235 265 302 340
6′ 2″ 241 272 311 350
6′ 3″ 248 272 319 359
6′ 4″ 254 287 328 369
6′ 5″ 261 295 337 379
6′ 6″ 268 303 346 389
6′ 7″ 275 311 355 399
6′ 8″ 282 319 364 410
6′ 9″ 289 327 373 420
6′ 10″ 296 335 383 430

Prudential’s table rates allows heavier weight beyond this chart. For those please ask us.

Prudential Life Insurance Conversion Option

Prudential has one of the best term life insurance conversion options out of any company in the country. They allow you to convert term policy (Term Essential and Term Elite) to any permanent policy that Prudential offers, guaranteed without taking another health exam. This is rare as most insurers allow the conversion of term to only one or two permanent policies.

Prudential Life Insurance Review 2016

Prudential Life Insurance is one of the best life insurance companies in America. We put a great deal of our clients with Prudential as they are highly rated and will often have the best price and have the best underwriting for many categories. If you’re healthy or you fit into one of the underwriting categories above, it’s imperative that you receive a quote from Prudential. With all the companies we review, we advise everyone to compare rates from all the top insurers to ensure you are choosing the best priced company for your profile.

How to Get a Prudential Life Insurance Quote

Compare rates from all the top life insurance companies: Click here to get quotes from the top life insurance companies using a comparison tool.

 

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