More on Life Insurance
More on Life Insurance
Learn the differences between the life insurance options offered by Prudential and Pacific Life.
Published July 18, 2018
TABLE OF CONTENTS
Prudential and Pacific Life are two of the leading life insurance companies in America. Both have over 1,000,000 policyholders nationwide, good consumer grades, and offer competitive term life insurance rates.
So how does one go about deciding between the two? A good place to start would be looking at the average cost of the policies, rider availability, health consideration, and more as criteria for choosing the best plan for your needs.
Prudential term life insurance premiums are higher across the board for men and women than those of Pacific Life. Here are average monthly premium costs for price-conscious shoppers looking for the most affordable plan.
Average premium cost based on $500,000/20-year term life insurance policies for healthy, nonsmoking applicants in California.
Life insurance companies will base your premium rate on your current state of health and your health history, so if cancer runs in your family or you recently had a kidney replacement, companies may be less lenient for those conditions than others.
Here’s how Prudential and Pacific Life grade out for the most commonly scrutinized health conditions and habits in life insurance.
|Cancer Survivor/Family History||Fair||Excellent|
|Recent Weight Loss||Excellent||Good|
|Former Tobacco Use||Excellent||Fair|
|High Blood Pressure||Good||Fair|
Learn more about the best life insurance companies for every scenario.
If you’re not satisfied with the standard provisions of a life insurance policy, you can customize it with riders to suit your needs. Here’s a comparison below of the riders offered by both Prudential and Pacific Life.
|Child Protection Rider||X||X|
|Accelerated Death Benefit Rider||X||X|
|Accidental Death Benefit Rider||X|
|Disability Waiver of Premium Rider||X||X|
Learn more about life insurance riders.
Life insurance companies can be ranked in several different ways. A.M. Best provides ratings based on the financial strength of the company, while J.D. Power conducts surveys based on customer service, product quality, and buyer behavior, and the Better Business Bureau (BBB) provides grades based on consumer feedback.
How do Prudential and Pacific Life compare in financial and customer service ratings?
|J.D. Power||3 out of 5||N/A|
Find more head-to-head comparisons between top-rated life insurance companies to help you make the right decision.
Pat Howard is a homeowners insurance editor at Policygenius in New York City. He has written extensively about home insurance cost, coverage, and companies since 2018, and his insights have been featured on Investopedia, Lifehacker, MSN, Zola, HerMoney, and Property Casualty 360.