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October 12, 2020
Life Essentials

VUL Protector Price Change––Effective October 19

We’re focused on maintaining our competitive position, even in a persistently low interest rate environment. As of October 19, 2020, VUL Protector rates have, unfortunately, increased. Rates applied to individual policies will vary by age, underwriting class, gender, and premium funding pattern. Despite these rate increases, VUL Protector remains one of the most competitive variable life insurance products available.

Learn more

Retirement Planning

See how life insurance addresses the 4 facets of retirement planning

During LIAM, we discussed how life insurance can provide the flexibility clients need to navigate the uncertain road to retirement. Now, a new infographic shows you how it helps them throughout retirement: While providing a foundation of death benefit and legacy protection, it can help clients address their need for accumulation, supplemental income, and a way to offset chronic illness expenses.

See the infographic →

Help clients reap tax advantages for retirement with life insurance

As a complement to traditional retirement plans, cash-value life insurance offers protection that extends beyond a client’s family to include protecting assets from taxes. The “Tax Advantages of Life Insurance” flyer explains this and how its death benefit, cash value accumulation, and access to that cash value are tax-free or tax-deferred.

To access the flyer, open this infographic, and then click on the Accumulation tab.

Product Announcements

IAUL18 AG49-A Illustration Update

On October 19, we will update our new business illustrations for the Index Advantage UL (IAUL) 2018 product to be compliant with new illustrative limits set by Actuarial Guideline AG49-A.

Click here for more information →

PruLife SVUL Protector Returns to New York

Once again available in NY, SVUL Protector offers a lifetime guarantee while maintaining the potential to accumulate meaningful cash value, making it a strong solution for protection and wealth transfer.

Planned Fund Merger Taking Place on November 16, 2020

Effective November 16, 2020, the AST Templeton Global Bond Portfolio will merge with a new funding option, AST Global Bond Portfolio. This is applicable to PruLife® Custom Premier II, VUL Protector®, PruLife® SVUL Protector, and PruLife Private Placement VUL. Updated marketing and other materials will be made available shortly. Please contact your Life Wholesaler with any questions.

Newly Available Marketing Materials

Get the PruLife® SVUL Investment Guide to Inform Actionable Client Conversations

The refreshed consumer-approved SVUL Investment Guide complements the SVUL brochure by explaining the product’s investment options and the objectives of each. It’s key information that showcases the investment options while laying out their objectives.

Get the Guide Without the Risk Tolerance Questionnaire →

Get the Guide With the Risk Tolerance Questionnaire

Advanced Marketing Concepts

New Webinar! A Financial Professional’s Guide to the Changing Tax Environment 2020, by Brandon Buckingham

Taxes are subject to political and economic factors, meaning they change and can pose an ongoing challenge for clients trying to plan for their futures. Join Brandon as he discusses the impact current events could have on financial planning. You’ll gain specific strategies to help clients navigate through the uncertainty.

Register now →

Underwriting & Service

Revised Agent’s Reports – Effective October 19, 2020

Effective Monday, October 19, 2020, the Individual Agent’s Report (ORD 114120IND 1020), Juvenile Agent’s Report (ORD 114120JUV 1020), and Survivorship Agent’s Report (ORD 114120SURV 1020) have been revised. Details of the changes are outlined below.

Click here →

Individual Life Insurance Post Issue Contact Center – Call Volume Update

As we communicated earlier this month, over the past several months, call volume has been extremely heavy, causing extended call times and wait periods. This is primarily driven by COVID-related inquiries (grace period extensions, financial transactions, and market performance).

Learn more about what we are doing to improve the service experience →

Important Year-End Information

Year-end is an exciting time of year, and we want you to be aware of some important dates, as well as best practices, to help make this year-end a successful one. As always, if you have any questions, please contact your Case Management team.

Review key year-end dates →

Applications for VUL Protector and PruLife Custom Premier II can now be submitted through iPipeline’s iGO e-App

We understand the importance of providing digital solutions and streamlined underwriting for both term and permanent products. We’re excited to announce that we’ve added VUL Protector and PruLife Custom Premier II to iPipeline’s iGO e-App platform. Eligible cases submitted through iGO e-App will connect exclusively to eInterview and may qualify for Prudential’s accelerated underwriting program, PruFast Track.

Life insurance is issued by The Prudential Insurance Company of America, Pruco Life Insurance Company (except in NY), and Pruco Life Insurance Company of New Jersey (in NY). Variable universal life policies are offered by Pruco Securities, LLC. All are Prudential Financial companies located at 213 Washington Street, Newark, NJ.

This material is being provided for informational or educational purposes only and does not take into account the investment objectives or financial situation of any clients or prospective clients. The information is not intended as investment advice and is not a recommendation about managing or investing clients’ retirement savings. Clients seeking information regarding their particular investment needs should contact a financial professional.

© 2020 Prudential Financial, Inc. and its related entities.
1011225-00005-00  Ed. 05/2020  Exp. 04/01/2022