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October 26, 2020
Life Essentials

Help clients reap tax advantages for retirement with life insurance


As a complement to traditional retirement plans, cash-value life insurance offers valuable death benefit protection as well as tax advantages that can help clients in retirement. The “Tax Advantages of Life Insurance” flyer explains the tax advantages of its death benefit, cash value accumulation, and access to that cash value.

Product Announcements

Effective October 19, 2020, PruLife Index Advantage UL® Is Now Available in CA as Well as DC, OR, PA & RI

Prudential recently refreshed the PruLife Index Advantage UL® product. This included the following changes:

  • Added a Participating Loan option, letting clients take a loan and still earn indexed interest
  • Added an Advanced Premium Charge that applies to short-duration funding. In doing so, we have removed single-pay restrictions
  • Improved commissionable targets for Type B for ages 65 and under
  • Discontinued the Multiplier Index Account and Plus 20 Bonus

For more information:
Transition rules
State availability

Effective Monday, November 2, 2020, the Recent Reprice of VUL Protector® Will Be Introduced in New York and DC.

Despite these rate increases (NLG solves have increased an average of 11%), VUL Protector remains one of the most competitive variable life insurance products available because it offers the advantages of:

  • Premium Flexibility: Clients choose how much and how often premium payments are made.
  • Choice of Death Benefit: Choice of fixed or variable.
  • Choice of Over 60 Underlying Investment Options: Potential cash value accumulation based on a client’s goals and risk tolerance.
  • A Highly Competitive No-Lapse Guarantee: Up to a lifetime, based on a client’s planned premium payments.

For more information:
Transition rules
State availability

Underwriting & Service

Our Digital Submission Process Is as Easy as 1, 2, 3!

We’ve created a fully electronic submission process for our single life products. It’s a fast and convenient way to submit new business.

Learn more →

Term Conversion Tips!

Term conversions are probably part of your business, and we want to ensure you are positioned for a smooth process.

Please find these helpful tips that will set you up for success →

PruSign Updates

Effective with the October 19 Release, PruSign will be opened for Term products in all states except:

  • Guam
  • New York Replacements
  • New York cases with a child rider when child(ren)’s age is over 14 years and 6 months as of the application Part 1 date

We are also making changes to support states that allow a secondary addressee and a FL License ID regulation.

Read more →

Updated Funds Listing Effective Monday, November 16, 2020

Effective Monday, November 16, 2020, the Funds Listing (ORD 86218 1120) will be updated to reflect the merger of the AST Templeton Global Bond Portfolio and the AST Wellington Hedge Equity. The merged funds will carry the name AST Global Bond Portfolio.

Read more →

PRUXPRESS STATE APPROVALS
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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.

FOR FINANCIAL PROFESSIONAL USE ONLY. NOT FOR USE WITH CONSUMERS.
© 2020 Prudential Financial, Inc. and its related entities.
1011225-00005-00  Ed. 05/2020  Exp. 04/01/2022