Insurance is an all-around important safety net to have, whether it’s protection for our house, car, or health. Life insurance is just as if not more important a safety net to protect your loved ones upon your passing away. With so many insurers within this marketplace, potential insured parties need to consider what these insurance companies have to offer. Pruco Life Insurance is among the leaders in this field that are attracting signees of all ages. Here are a few things to know about Pruco, or Prudential Insurance Company of America.
1. Their coverage is available just about anywhere in the U.S.
When evaluating insurance products, you want to make sure you’re aligned with a company that has your values and personal circumstances in mind. Pruco Life Insurance Company is licensed in 49 states, the District of Columbia, Guam, and Taiwan. Bear in mind, Pruco Life is not licensed in New York. As part of Prudential’s services, customers can be assured of the name recognition and quality of care that has been linked to the company’s coverage, whether it’s health insurance or auto insurance.
Prudential offers a variety of policies with the two most common being whole life insurance or term life insurance. Whole life policies, also known as permanent insurance, last up to your entire life and don’t have an expiration date. As long as your required policy premiums are paid, you are covered. Term life policies refer to the length of the policy, with term length options typically ranging between 10 and 30 years. You can renew those policies upon expiration, sign on for new coverage, or let the policy expire.
2. They pride themselves on a quick payout of policies.
Prudential and its affiliates seek to make sure that insured parties have all of the important information that they need to make sure that people understand their life insurance coverage. Prudential Insurance Company of America makes sure that when people sign on across the United States, they have a full understanding of their coverage, and what it will mean when the day comes that a payout to your beneficiaries has to take place.
In general, it shouldn’t take more than 60 days to receive a payout. In some instances, Prudential’s payout can happen in as little as 10-14 days, but if there are complicated circumstances, it could take longer. However, as a licensed insurance company, Prudential makes it pivotal that your policy and situation are handled with the utmost care. They will meet their end of the contractual obligations when it comes to coverage. They even expand their services into financial wellness products to make sure you understand your strength within the realm of retirement savings.
3. They have a proven track record in the insurance marketplace.
The Prudential experience has cemented its place within the life insurance marketplace. Prudential has been in the insurance industry for more than half a century, a financially strong outlet with a superior A+ A.M. Best rating, as well as an A+ from the Better Business Bureau and an AA- from Standard & Poor.
Prudential encourages those who sign on for policies to assess their actual costs before agreeing to your coverage. Like most policies, Pruco Life Insurance Company will require a medical exam as part of the application process. While it can seem intimidating, this process is actually quick and easy, takes less than an hour to complete, and can be conducted wherever is easiest for you. These insurance products are meant to not only provide you with a safety net but to give your loved ones peace of mind to take care of any outstanding debts upon your passing.