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Updated
Both insurers are industry giants with the financial ratings and reputations to back it up. But they offer slightly different policies and riders.
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Term | ![]() | ![]() |
Whole | ![]() | |
Universal | ![]() | ![]() |
Variable | ![]() | |
Variable universal | ![]() | |
Indexed universal | ![]() | ![]() |
Final expense | ||
Final expense | ![]() | |
Your premium is a product of your age, gender, occupation and lifestyle. These insurers have similar price points, though you may be charged a higher premium with Prudential.
If you’re a healthy nonsmoker, here’s what you might pay monthly for a $250,000, 20-year term life policy.
Gender | Age | ![]() | ![]() |
---|---|---|---|
Male | 20 | ||
Male | 30 | ||
Male | 40 | ||
Male | 50 | ||
Male | 60 |
Gender | Age | ![]() | ![]() |
---|---|---|---|
Female | 20 | ||
Female | 30 | ||
Female | 40 | ||
Female | 50 | ||
Female | 60 |
*Based on sample rates from Policygenius, August 2019.
With both insurers, you can add riders to your policy to bridge gaps in your coverage. While they each offer a comprehensive set of riders, Prudential focuses more on living benefits.
An insurer’s financial strength rating reveals its claims paying ability. Prudential and Protective Life score top ratings with the major agencies, which means they have the funds to pay out claims for the foreseeable future.
In J.D. Power’s latest life insurance study on customer satisfaction, Protective Life ranked seventh of 23 insurers surveyed, and Prudential followed in eighth place.
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---|---|---|
A.M. Best | A+ (Superior) | A+ (Superior) |
Moody’s | Aa3 (High quality) | A1 (Good) |
Standard & Poor’s | AA- (Very strong) | AA- (Very strong) |
Fitch | AA- (High quality) | A+ (Very high quality) |
J.D. Power | 3 out of 5 circles or “about average” | 4 out of 5 circles or “better than most” |
Protective Life has an A+ rating with the Better Business Bureau (BBB) for the way it engages with customers. The BBB records 51 complaints in the past three years though, with many people complaining about communication issues. Customers award the company 2 out of 5 stars.
Prudential has an D- rating with the Better Business Bureau while it’s in the process of resolving complaints, and it’s earned 1 out of 5 stars with customers. The BBB files 69 complaints in the past three years, most of which related to billing issues and the claims process.
These insurers have similar rates, riders and reputations. The main difference comes down to the policy options. They offer a range of term and permanent policies, but Prudential sells survivorship over whole life insurance.
To find the insurer that best meets your needs, compare life insurance providers.
Save money by targeting your coverage to your largest debts.
A permanent life insurance policy’s cash value can be used as a retirement income supplement, though using it reduces your policy’s death benefit.
Two permanent life insurance policies that provide lifelong coverage, though variable life is a riskier investment option than whole life.
These coverage options serve different functions but have one benefit in common.
Mortgage life insurance may be a good fit for people with serious health conditions, otherwise term life insurance offers more value and flexibility.
As a freelancer you may have unpredictable cashflow, but you can still find income protection with term life insurance.
Survivor benefit plans pay out a monthly benefit to your surviving spouse or dependents — you won’t be able to designate any other beneficiary.
Leaving your job doesn’t have to mean leaving your group life insurance behind.
Short- and long-term disability insurance offers coverage for different amounts of time and replaces a different percentage of your income, but you can buy both if you can afford it.
Ensure your loved ones’ financial future is protected with both life and disability insurance.