Term life insurance made simple
We help make it easy to protect your loved ones for a set period.
Coverage you can trust with benefits that fit your life
Life insurance helps financially protect your loved ones after you pass.
Affordable
Term life insurance is the most cost-effective way to provide death benefit protection for your family for a set number of years.
Choice
Choose your own term length for the policy that best suits your family’s needs whether it’s 10, 15, 20 or 30 years.
Tax advantaged
Your loved ones receive the death benefit tax-free when you die, offering you a way to leave behind a legacy.
Fixed payments
You'll have the confidence that your payments will remain the same throughout the policy's term.
Flexibility
Many term life insurance policies allow you to convert to a permanent life insurance policy with no additional medical exam.
Choose a term policy type that’s right for you
Explore our competitively priced term life insurance policies issued by Pruco Life Insurance Company and Pruco Life Insurance Company of New Jersey.
| Term Essential® | PruTerm One® |
|---|---|---|
Overview | Affordable protection for your family or business with the added value of options that allow you to access the policy while you're alive or convert to a permanent policy in the future. | With coverage one year at a time, this can be ideal for a small business owner paying off a short-term loan or for certain specific planning needs.1 |
Ideal for your loved ones to |
TermEssential also offers the possibility to convert to a permanent policy later on. |
PruTerm One may be ideal for business owners or operators whose passing would have a profound impact on loved ones. |
Age Range | 18-752 | 18-852 |
Coverage amount | $100,000 – $65 million+ | $50,000 - $10 million |
Term length | 10, 15, 20, 30 years | 1 year |
How to apply | Your financial advisor will submit a paper application. | |
Medical exam needed | Not always. If you are under 60 and the policy is less than $3 million, you may not need a medical exam.3 | Yes.
|
Convertible into permanent policy | Yes, if your issue age is 59 or younger, you can convert throughout the entire term duration or until age 65, whichever comes first. If your issue age is between 60-75, you can convert within the first 5 years.4 | Yes, within the first 5 years. |
Access to benefits while living | Yes, if you add a Living Needs Benefit Rider, you can access the death benefit if you are confined to a nursing home, need an organ transplant or are terminally ill.5 | Yes. If you add a Living Needs Benefit Rider, you can access the death benefit if you are confined to a nursing home, need and organ transplant or are terminally ill.5 |
Customize your policy with optional riders*
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Footnotes
*Riders (except Living Needs Benefit) are available for an additional cost. Subject to state availability and variations
Frequently asked questions
Getting life insurance can be hassle-free and simple. Here are some answers to commonly asked questions to assist in your decision.
Term life insurance is designed to protect your loved ones for a set amount of time. You typically choose a term length from 10 to 30 years and pay a set premium for the duration of the term. If you die, your beneficiary receives a lump sum payment also called a death benefit.
If you have people who depend on your income, it’s likely that you need a life insurance policy. Those that depend on you can use the payout to help cover funeral expenses, continue paying the mortgage or continue living the financial lifestyle you built together.
Stay-at-home parents should also consider life insurance to cover childcare and household expenses should the unexpected happen.
Here are a few of the key factors commonly used to calculate the cost of a life insurance policy:
Age & gender
Health & medical history
Weight & height
Nicotine & tobacco use
Driving record
Coverage amount
Coverage length
The availability of coverage and rates will vary based on company underwriting criteria including, but not limited to, age, sex, health history, smoking status, and residency. Underwriting rules are subject to change at our discretion.
If you pass away, your beneficiaries will receive a payout to take care of the expenses of their choice. Term life insurance payouts are commonly used to cover funeral costs, childcare, payoff debt, college tuition or everyday expenses should something happen to you. Term life insurance helps ensure that a loss of income would not cause a considerable burden on your loved ones.
Most term life insurance policies do not have a cash value component. If you're looking for protection and the ability to grow and access cash value, consider a permanent policy with cash value growth potential.
Explore simple, straightforward advice on life insurance
Find what interests you on your journey to protect your loved ones in our Financial Education Hub.
Footnotes
1You can purchase one PruTerm One policy during your lifetime.
2Duration of coverage available varies by age of purchase.
3To be eligible for PruFast Track Accelerated UW you must be between 18 60, buying between 10K and 3 mill dollars worth of insurance and be quoted as a Smoker rating or better.
4Convertible to the lesser of the level-premium period or to the first policy anniversary on or after the insureds 65th birthday, but at least five years. Partial conversions are permitted.
5The Living Needs BenefitSM is an accelerated death benefit and is not a health, nursing home, or long-term care insurance benefit and is not designed to eliminate the need for insurance of these types. There is no charge for this rider but, when a claim is paid under this rider, the death benefit is reduced for early payment, and a $150 processing fee ($100 in Florida) is deducted. If more than one policy is used for the claim, each policy will have a processing fee of up to $150 deducted ($100 in Florida). Portions of the Living Needs BenefitSM payment may be taxable; and receiving an accelerated death benefit may affect your eligibility for public assistance programs. The federal income tax treatment of payments made under this rider depends upon whether the insured is considered terminally ill or chronically ill and, if the policy is business related, whether the insured is receiving the benefits. We suggest that you seek assistance from a personal tax advisor regarding the implications of receiving Living Needs BenefitSM payments. This rider is not available in Minnesota to new purchasers over age 65 until the policy has been in force for one year, and the nursing home option is not available in California, Connecticut, Florida, Massachusetts, New York, or the District of Columbia. This rider is not available in Washington state. In Oregon, term policies must include the waiver of premium benefit to be eligible for this rider. Rider form number ORD 87241 90-P and ORD 87335 90; there may be state variations.
Please remember quotes are based on the information you provided. Underwriting of your medical history and other factors may be required to determine whether you are eligible for coverage and, if so, what premiums would apply. This review may result in a higher premium than initially quoted. Please note that all guarantees are based upon the claims-paying ability of the issuer. Our policies contain exclusions, limitations, reductions in benefits and terms for keeping them in force.
If you continue the policy beyond the initial level-premium period, premiums will then increase annually through age 95 but will never be more than the maximum stated in the contract. The issuing company may have the right to contest the policy for misrepresentation or to apply a suicide clause.
Term Essential® (PLTIC-2019 or ICC19 PLTIC-2019) and PruTerm One® (ICC17 PART-2017 or PART-2017) are term insurance policies issued by Pruco Life Insurance Company except in New York, where, if available, the policies are issued by Pruco Life Insurance Company of New Jersey. Both are Prudential Financial companies located in Newark, NJ. Each company is solely responsible for its own financial condition and contractual obligations. Policy form numbers may be followed by a state code. Coverage will not begin prior to payment of premium.
The rider form numbers may all be followed by a state code and are:
The Living Needs BenefitSM: ORD 87241 90-P or ORD 87335 90. (Not available in WA.)
Waiver of Premium: Term Essential: TB 100 2000; there may be state variations. Accidental Death Benefit: Term Essential: TB 113 2000. (Not available in MA.)
Childrens Protection Rider: Term Essential: TB 182 2000; TB 184 2000 for after issue. There may be state variations.
You should consider the investment objectives, risks, and charges and expenses carefully before investing in the contract and/or underlying portfolios. This and other important information can be found in the prospectus and, if available, the summary prospectuses. A copy of the prospectuses may be obtained from www.prudential.com or from a financial professional. You should read the prospectuses carefully before investing.
It is possible to lose money by investing in securities.
All guarantees and benefits of the insurance policy are backed by the claims-paying ability of the issuing insurance company. These products may not be available in all states. Our policies contain exclusions, limitations, reductions in benefits, and terms for keeping them in force. A financial professional can provide you with costs and complete details.
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