More on Life Insurance
More on Life Insurance
Learn the differences between the life insurance options offered by Prudential and Protective.
Published August 3, 2018
TABLE OF CONTENTS
Prudential and Protective 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 why a company comparison? Isn’t a simple policy comparison sufficient? Well, yes and no. Deciding to go with a company solely based on its policy offerings is quick and informative, but it doesn’t tell the whole story.
How fiscally strong a carrier is, the ratings it receives from consumers and consumer insights agencies, and how likely the company is to pay out your death benefits are all significant factors in deciding on a policy.
Prudential term life insurance premiums are higher across the board for men and women than plans offered by Protective. 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 Protective grade out for the most commonly scrutinized health conditions and habits in life insurance.
|Cancer Survivor/Family History||Fair||Good|
|Recent Weight Loss||Excellent||Good|
|Former Tobacco Use||Excellent||Fair|
|High Blood Pressure||Good||Good|
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 Protective.
|Child Protection Rider||X||X|
|Accelerated Death Benefit Rider||X||X|
|Accidental Death Benefit Rider||X||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 Protective compare in financial and customer service ratings?
|J.D. Power||3 out of 5||3 out of 5|
Find more head-to-head comparisons between top-rated life insurance companies to help you make the right decision.
Based on all the information provided, is Prudential the right life insurance company for you, or is it Protective? It really depends on your individual situation and what your needs are. It may boil down to the policy’s cost, your health considerations, rider availability, customer service, or something we haven’t mentioned yet. Bottom line, there might not be a one-size-fits-all life insurance company, but there is a company out there for you and your individual needs.
Ready to start looking at policies from Prudential, Protective, and other top life insurance companies? Use our coverage calculator for find plans and companies tailored to your needs.
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.
Pat has a B.A. in journalism from Michigan State University.