Prudential
PruTerm WorkLife 65 is a new term life insurance product designed to provide Americans and their families life insurance protection throughout their working years and help ensure their coverage remains in place by waiving premium payments in the event of unemployment or a disability. PruTerm WorkLife 65 is issued from ages 25 to 55 (35 to 55 in Washington State).
Offered by Pruco Life Insurance Company, PruTerm WorkLife 65 provides peace of mind with built-in benefits. In the event of a disability before age 65, the premiums are waived until the insured recovers or turns age 65, whichever is first. The one-time unemployment benefit waives one continuous year of premiums (terms and conditions apply).
PruTerm WorkLife 65 policyowners can convert their existing term policy to permanent insurance at any time up to age 65 without having to go through additional medical testing.
In research, PruTerm WorkLife 65 resonated strongly with a wide range of consumers. Ninety percent of those surveyed by Prudential thought it offered better value than a basic term product. Younger consumers (ages 25 to 34) thought the guaranteed coverage to age 65 had the strongest appeal. For those ages 35 to 44, the disability and unemployment benefit appealed most.
PruTerm WorkLife 65 is issued in all states by Pruco Life Insurance Company (where available) except New York, where, if available, it is issued by Pruco Life Insurance Company of New Jersey. Both are Prudential Financial companies located in Newark, NJ.
