Pruco 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||Pruco Life Insurance Company of New Jersey|
|Standard & Poor's||AA-||AA-|
Ratings are current as of 08/2/2017. Ratings are subject to change and do not reflect any subsequent rating agency action.
The Prudential Insurance Company of America, Pruco Life Insurance Company, and Pruco Life Insurance Company of New Jersey are solely responsible for their own financial condition and contractual obligations. They are not affiliates of SelectQuote or the other carriers SelectQuote represents.
AA- is the fourth highest of the 22 ratings Standard & Poor's extends. The rating is a current opinion of the financial security characteristics of an insurance organization with respect to its ability to pay under its insurance policies and contracts in accordance with their terms. A1 is the fifth highest of the 21 ratings Moody's extends. The rating is an opinion of the ability of insurance companies to repay punctually senior policyholder claims and obligations. A+ is the second highest of the 16 ratings that A.M. Best extends, and is a measure of claims-paying ability. AA- is the 4th highest of the 19 ratings Fitch extends. The rating provides an assessment of the financial strength of an insurance organization and is assigned to the insurance company's policy obligation. Ratings are not a guarantee of future financial strength and/or claims-paying ability. Note that Pruco Life Insurance Company of New Jersey is not rated by Moody's. Ratings are not a guarantee of the future financial strength and/or claims-paying ability.
Pruco Life Insurance Company had total admitted assets as of 12/31/2015 of $107 billion. Pruco Life Insurance Company of New Jersey had total admitted assets as of 12/31/2015 of $13 billion.*
*Admitted assets represent assets as reported to insurance regulators based on statutory accounting principles.
Prudential, the Prudential logo and the Rock symbol are service marks of Prudential Financial, Inc. and its related entities.
0192403-00005-00 Ed 05/2016 Exp. 11/03/2017
Term life insurance is the most affordable way to protect your family's financial security if something happens to you.
Men and women in excellent health in their mid 30s and 40s can buy $100,000+ of term life insurance for under a dollar a day.
You can buy term life insurance for 10, 15, 20, or 30 years — however long you need it.
In most cases, term life insurance proceeds are tax-free. Consult with your tax advisor if you have any questions.
Term life insurance is the most affordable — and flexible — Life insurance product available. Why? Because term life insurance provides a specific death benefit amount for a duration — or term — chosen by the policyholder. Once a 10-, 15-, 20-, or 30-year term is selected, the coverage and premium amounts remain the same for the life of the policy. So rather than paying a monthly premium for the rest of your life, you can simply buy coverage for however long you need it — usually until your children are grown and out of the house.
Life insurance is a personal affair. Standard formulas such as buying coverage equal to eight, nine or ten times your annual income are inadequate shortcuts. Online calculators can provide a general guide, but it doesn't make sense to say that someone with four young children should have the same amount of coverage as empty nesters with no mortgage and a substantial retirement fund. Other items to consider:
The time factor. Figure out how many years you'll need to be covered.
Final expenses. Determine the total cost of your funeral, burial and related expenses.
Mortgages and other debts. Tally your mortgage balance, car loans, student loans, and any other major expenses.
Education expenses. This calculation can be tricky because you need to consider the cost of a college education at the time your kids will enroll, as opposed to what it would cost today. Hint: It will be more expensive.
Income replacement. Once you cover funeral expenses, debts and education, you need to determine the amount of income required for your family members to sustain their current lifestyle.
A conversation with an experienced agent can provide the guidance you need.
In 1985, SelectQuote pioneered the direct marketing of term life insurance — providing unbiased price comparisons of your best rates from highly-rated term life insurance companies.
Your personal SelectQuote agent is dedicated to:
SelectQuote focuses on each client’s individual needs in order to find the policy that suits you best.
SelectQuote is America’s #1 Term life sales agency.