Variable universal life insurance can help meet the permanent protection needs of clients while providing them with the opportunity to build cash value, which they can access as their needs change over time.
Prudential offers a few variable life insurance policies, each designed for certain needs.
VUL Protector®
Up to lifetime protection with potential for cash value for clients; an easier experience for you with new servicing options.
Works well for:
- Wealth transfer
- Income protection
- Deferred compensation plans
Flexible premium, permanent life insurance. Designed for cost-effective death benefit protection, built-in 5-year No-Lapse Guarantee with the option to extend up to age 90 or up to lifetime (for an additional charge through optional riders).
A wide variety of underlying investment options covering a broad range of asset classes and styles from well-known fund companies.
Age Last Birthday Advantage available: Issue age based on a client’s age at their last birthday, NOT nearest.
PruLife® Custom Premier II
Permanent death benefit protection with a focus on the potential to build cash value.
Works well for:
- Supplementing retirement income
- Deferred compensation
- Executive bonus
- Split dollar
Flexible premium, permanent life insurance designed for greater cash value accumulation potential.
Two No-Lapse Guarantee periods, which are designed to provide early protection from lapse while the policy is just starting out and may not have sufficient value to withstand market volatility:
- Short Term (Ages 0 – 59: 8 years and ages 60+: 6 years)
- Limited (All ages: greater of 10 years or age 75)
Over 50 underlying investment options covering a broad range of asset classes and styles from well-known fund companies.
Age Last Birthday Advantage available: Issue age based on a client’s age at their last birthday, NOT nearest.
PruLife® SVUL Protector
A survivorship policy designed to meet the estate and wealth transfer needs of clients in a cost-effective way, with cash value growth potential. The policy also provides one built-in and three optional no-lapse guarantees.
Works well for:
- Wealth transfer
- Trust planning
- Estate equalization
Designed for cost-effective death benefit protection on two lives, with a built-in 10-year no-lapse guarantee and the option to extend up to age 90 or up to lifetime (for an additional charge through optional riders).
A wide variety of underlying investment options covering a broad range of asset classes and styles from well-known fund companies.
Age Last Birthday Advantage available: Issue age based on a client’s age at their last birthday, NOT nearest.
Life Insurance Sales Desk
PruLife SVUL Protector, VUL Protector, and PruLife Custom Premier II are issued by Pruco Life Insurance Company except in New York, where, if available, they are issued by Pruco Life Insurance Company of New Jersey. Variable life policies are offered through Pruco Securities, LLC (member SIPC). All are Prudential Financial companies, located in Newark, NJ.
Clients should consider the investment objectives, risks, and charges and expenses carefully before investing in the contract and/or underlying portfolios. The initial summary prospectus for the contract, the prospectus for the index strategies, and the prospectus or summary prospectus for the underlying portfolios (collectively, the “prospectuses”) contain this information as well as other important information and may be obtained by contacting your Prudential Life Wholesaler or from prudential.com. Clients 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 Pruco Life Insurance Company and do not apply to the underlying investment options. Policy guarantees and benefits are not backed by the broker-dealer and/or insurance agency selling the policy, nor by any of their affiliates, and none of them makes any representations or guarantees regarding the claims-paying ability of the issuing insurance company.
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 a client's retirement savings. Clients seeking information regarding their particular investment needs should contact a financial professional.
Created exclusively for financial professionals. Not for use with consumers.
This material is created for Financial Professional Use only.
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