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November 23, 2020
Life Essentials

Consider risks as you help clients prepare for retirement


A retirement strategy that focuses solely on accumulation can leave clients vulnerable to common risks like taxes, outliving their money, market volatility, and chronic illness-related expenses. Life insurance can help clients manage those risks while providing a foundation of death benefit protection.

Remember to also visit the Retirement Planning infographic for more resources.

PRODUCT ANNOUNCEMENTS

The VUL Protector Competitive Edge Pieces Are Now Updated and Available!

Our VUL Protector series of Competitive Edges, including our Single Pay, Level Pay, and 10-Pay flyers, are now available on PruXpress.

Pru’s VUL Protector vs. Lincoln’s VULONE Level Pay
Pru’s VUL Protector vs. Lincoln’s VULONE Single Pay
Pru’s VUL Protector vs. Lincoln’s VULONE 10-Pay

Fund Merger Completed November 16, 2020

Effective November 16, 2020, the AST Templeton Global Bond Portfolio has merged with a new fund 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 are being made available. Please contact your Life Wholesaler with any questions.

PruLife® Private Placement VUL Adds Managed Separate Account (MSA) Option

You can offer new private placement life insurance clients a managed separate account from a name you know and trust.

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Date Revision to AG49-A Deadline for IAUL18

The NAIC has extended the implementation deadline for AG49-A to December 14. Please see revised illustration requirements for the IAUL18 product.

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Introducing Concierge Care Services for Policyholders with BenefitAccess Rider (BAR)

We originally announced our Concierge Care Services on 11/9. Since then, we’ve added Washington, bringing the total approved states to 34. Customers in the remaining states will gain access to these services once they are approved. These services give individuals and their family members access to resources that can help them plan for and contend with chronic illness.

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UNDERWRITING & SERVICE

PruFast Track by the Numbers

PruFast Track has benefited financial professionals in assisting thousands of clients to secure life insurance. We’ll let the numbers tell the story.

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Electronic Policy Delivery Will Be Available on Contractual Term Conversions

Effective December 7, electronic policy delivery with eSignature will be available on eligible contractual term conversions. Note, it will not be available on non-contractual term conversions.

Get the flyer

Important Information Regarding Hartford/Talcott Business

Are you looking for contact information for the Hartford/Talcott block of business?

Look no further

Add MIB Website to Forms – Effective December 7, 2020

Effective December 7, 2020, the MIB website will be added to the Important Notice About Your Application for Insurance form (ORD 96200B 2020) as its primary point of contact.

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Life Service & Underwriting Update

Prudential’s Service & Underwriting teams are working very hard on your business to do everything possible to ensure a successful year-end.

 

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NEWLY AVAILABLE MARKETING MATERIAL

The Value of Our Term Conversion Privileges Consumer Flyers

Help clients understand the value of Prudential’s term insurance to permanent insurance conversion option. Term life insurance is a cost-effective way to protect the ones you love for a certain period of time. Term life insurance policies are temporary, but some offer what’s called a “conversion” option. It allows you to convert to a permanent life policy where coverage can last your entire life––without submitting to another physical examination. We offer one of the most comprehensive term-to-permanent policy conversions in the industry. This great piece summarizes the superior value that Prudential offers.

Flyer without BAR
Flyer with BAR

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