Group life insurance
Prudential offers a full portfolio of life insurance solutions to help you build a benefits program to meet your employees’ needs
Why your organization should consider group life insurance
Employees who are primary earners for their family want to make sure they’re protected. If the worst were to happen, financial stresses would add to an already difficult time. With Prudential group benefits, your team can rest easier knowing their loved ones are better protected.
Give employees a fast and compassionate claims experience
Create a better benefits experience
With a variety of tools, resources, and strategic partnerships, we make the benefits experience easy for you, your employees, and their loved ones.
Our group life insurance solutions
Group Term Life Insurance
Group Term Life Insurance helps employees protect their loved ones from the financial impact of premature death. Our products include:
- Employer-paid Basic Term Life
- Employee-paid Optional Term Life
- Spouse/domestic partner and dependent coverage
- Enhance your life insurance with ancillary services like Employee Assistance Program (EAP), estate guidance, ID theft protection, travel assistance, and tobacco cessation (additional options available)
Universal Life Insurance
Universal Life Insurance provides permanent insurance protection with the ability to build cash value on a tax-deferred basis. See how our products work:
- Group Universal Life (GUL) offers a fixed interest rate with a guaranteed minimum
- Group Variable Universal Life (GVUL) offers a fixed account with a guaranteed minimum interest rate as well as a variety of variable investment options 6
- Executive GVUL allows for coverage “carve-outs” to meet executives' specific needs
Accidental Death & Dismemberment (AD&D) Insurance
Accidents are the #1 cause of death for people 44 and younger.7 AD&D Insurance provides added coverage for death, severe injury, or other conditions resulting from an accident. Our plans feature:
- Highly customizable employer- or employee-paid coverage
- Additional benefits to help ease the financial burden
- Optional provisions available to suit employer needs
- Business Travel Accident (BTA) insurance covers employees while traveling for work, with optional travel assistance benefits
Retiree Solutions
Retiree Solutions provide coverage for retired employees with minimal burden on employers. See how our products work:
- Retiree Life Insurance helps you keep promises to retirees while managing costs
- Retiree Life Buyout transfers the liability and most administration to Prudential
- Insurance Continuation Fund provides tax-efficient pre-funding with fixed returns
- Voluntary Retiree Reducing Term provides retirees with various coverage options and a level premium
Global and Captive Solutions
Global Solutions such as Multinational Pooling can make it easier and more economical for global companies to offer life insurance while Captive Reinsurance can assist with managing their risk exposure.
- Multinational pooling is a financial accounting and reporting arrangement coordinated by a pooling network that contracts with insurers around the world
- Captive Reinsurance helps employers diversify risks while improving cash flow and increasing control of those risks
Living Benefits
Value-added services give employees more than just life insurance protection.
- Employee Assistance Program
- Wills and estate planning
- Child and elder care support
- Identity theft support
Now what? Start expanding employee benefits
Resources for employers
Footnotes
1 LIMRA Insurance Barometer Study, 2023.
2 Results based on 2023 Beneficiary Survey Results for Prudential Life Claims.
3 Prudential Group Insurance Standard Service Results, 2023.
4 Prudential Group Insurance Book of Business Results, 2023.
5 Prudential Group Insurance Book of Business Results, 2023.
6 The fixed-account guarantee is based on the claims-paying ability of the issuing company. Policy values will fluctuate and are subject to market risk and to possible loss of principal.
7 "10 Leading Causes of Death by Age Group, United States," CDC, 2019.
These materials are for informational or educational purposes. In providing these materials, Prudential (i) is not acting as your fiduciary as defined by the Employee Retirement Income Security Act of 1974, as amended, and the guidance and regulations issued by the Department of Labor and is not giving advice in a fiduciary capacity and (ii) is not undertaking to provide impartial investment advice as Prudential will receive compensation for its services/products.
Portability and Conversion Support is available to Group Insurance contract holders. It provides their insureds and/or former insureds with the options to continue life insurance coverage that is no longer available under a group contract. Individuals may be contacted by licensed financial professionals affiliated with Prudential to explain available insurance continuation options and answer questions.
The time to elect to continue your life insurance coverage may vary, and you should refer to your group certificate for complete details. You may be contacted by licensed financial professionals affiliated with Prudential to explain available insurance continuation options and answer questions.
Empathy’s services are available through an agreement with The Empathy Project, Inc. (Empathy). Prudential is not responsible for the services provided by Empathy. The use of these services is optional, and certain services may not be available in all jurisdictions and only available to US residents. No personal information collected from you by Empathy is shared with Prudential. For more information on how your personal information is collected and used by Empathy, please see Empathy’s Privacy Notice: https://www.empathy.com/legal/privacy Opens in a new window.
Certain services may not be available in all states or market segments. My GuidanceResources® suite of services and EstateGuidance® are optional services. These services are provided by ComPsych® Corporation and FinancialPoint® Corporation, respectively. Prudential is not responsible for the services provided by ComPsych® Corporation or FinancialPoint® Corporation, but helps coordinate billing for these services with its premium billing.
Group Insurance coverages are issued by The Prudential Insurance Company of America, and Group Variable Universal Life insurance is distributed through Prudential Investment Management Services LLC (“PIMS”). Both are Prudential Financial companies, Newark, NJ.
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