BenefitAccess Rider Now Offers More Choice on More Products

What’s New?
Effective January 3, 2017, there’s added flexibility with two monthly benefit options—2% and now 4%. You can already find this enhanced feature on PruLife Universal Protector® and as of January 3rd, it will be available on four additional products:

  • Prulife® Founders Plus UL
  • Prulife® Index Advantage UL
  • Prulife® Custom Premier II
  • VUL® Protector

The new 4% option is ideal for clients who:

  • Want the option to receive a higher monthly benefit.
  • Have concerns about rising healthcare costs.
  • Want to maximize the tax-free monthly benefit available to them under the IRS limit.
  • Want to feel more confident they've prepared for the unexpected.

Important details:

    The monthly benefit option (2% or 4%) can only be selected at issue.
    If choosing the 4% option, the maximum initial policy face amount is $500,000.
    If choosing 2% option, the maximum initial policy face amount is $5 million.
    The 4% option costs slightly more than the 2% option.
    As always, the maximum monthly benefit is subject to IRS limits.
    4% option may not be available in all states.
Your success is important to us. For more information on how BenefitAccess Rider can help you and your clients, or if you want to discuss a case, please contact our Sales Desk at 1-800-800-2738 option 1.

PruLife Universal Protector, PruLife Founders Plus UL, and PruLife Index Advantage UL are issued by Pruco Life Insurance Company in all states except New York where, if available, they are issued by Pruco Life Insurance Company of New Jersey. PruLife Custom Premier II and VUL Protector are issued by Pruco Life Insurance Company in all states except New York, where they are issued by Pruco Life Insurance Company of New Jersey and offered through Pruco Securities, LLC (member SIPC). All are Prudential Financial companies located at 213 Washington Street, Newark, NJ 07102-2992. Each is solely responsible for its own financial condition and contractual obligations.

The BenefitAccess Rider is an optional rider that accelerates the life insurance death benefit when the insured is terminally ill or is chronically ill and not expected to recover from the condition. It is not Long-Term Care (LTC) insurance. Benefits received under the rider will reduce and may deplete the death benefit. Electing the BenefitAccess Rider results in an additional charge and underwriting requirements. Some benefit payments may be subject to a fee. Other terms and conditions apply and can vary by state. Clients should consult their tax and legal advisors.

For New York contracts: Please also note the rider is not subject to the minimum requirements of New York Law, does not qualify for the New York State Long-Term Partnership Program and is not a Medicare supplement policy. In addition, receiving accelerated death benefits may affect clients' eligibility for public assistance programs and such benefits may be taxable. Benefit payments may only be made if the payments are subject to favorable tax treatment by the federal government. When determining whether the benefit payments will receive favorable tax treatment, the payment of benefits from all insurance policies must be considered. Benefit payments may be reduced or unavailable if they are expected to exceed the maximum amount eligible under Internal Revenue Code Section 101 (g)(1) and all other applicable sections of federal law for favorable tax treatment.

For Connecticut contracts: To be eligible for chronic illness benefits your client must also have been confined in a home or institution for at least 6 months previously. This confinement must have been illness related. It also must be expected to continue for life.

Guarantees are based on the claims-paying ability of the issuing insurance company.

Investment and Insurance Products:
Not Insured by FDIC, NCUSIF, or Any Federal Government Agency. May Lose Value.
Not a Deposit of or Guaranteed by Any Bank, Credit Union, Bank Affiliate, or Credit Union Affiliate.

© 2016 Prudential Financial, Inc. and its related entities.
0298327-00001-00  Ed. 10/2016  Exp. 11/25/2017

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The Prudential Insurance Company of America, and its affiliates located at 213 Washington Street, Newark, NJ 07102.