PruTerm WorkLife 65
SM
LEARN ABOUT THE PRODUCT AND MARKET
WorkLife 65 Gives Your Clients Protection
for Their Working Years
Late in 2009, we were looking at our term sales and found that a majority of our policyholders bought term coverage that protects
them to approximately age 65. This data became the inspiration for WorkLife 65—an innovative term product designed to cover
clients for their working years. Let’s look at a case study to learn more about the kind of protection you can offer your clients.
Joe Sample—Age 28. Joe is currently looking for term insurance—he has been working full-time for three years. A needs analysis
shows that he should purchase a $250,000 policy. He is looking for affordable coverage that lasts as long as possible. Since
permanent insurance is not affordable on Joe’s budget, he is focusing on term insurance.
Based on his needs, Term Essential and WorkLife 65 are two suitable options.
Let’s take a look at Joe’s timeline to see how each of these options works for him as his life unfolds.
Age 25—Starts full-time working career.
Age 28—Gets married. Joe can purchase either Term Essential (10, 15, 20 or 30 years) or WorkLife 65.
Age 30—Buys a house.
Age 30–35—Has children.
Age 38—Term Essential 10 coverage ends. He can no longer convert his Term Essential 10 policy to permanent coverage.
Term Essential 10
Age 40—Buys a bigger house.
Age 41—Loses job. WorkLife 65 waives premium payments for one year in the case of unemployment.
Restrictions apply.*
Age 43—Term Essential 15 coverage ends. He can no longer convert his Term Essential 15 policy to
Term Essential 15
permanent coverage.
Age 48—Term Essential 20 coverage ends. He can no longer convert his Term Essential 20
Term Essential 20
policy to permanent coverage.
Age 50–55—Pays for children’s college expenses.
Age 58—Term Essential 30 coverage ends. He can no longer convert his
Term Essential 30
Term Essential 30 policy to permanent coverage.
Age 60—Mortgage payments ends.
Age 62—Goes on disability following knee replacement surgery.
WorkLife 65 waives premium payments in the case of disability
until Joe recovers or turns age 65, whichever happens first.*
Age 65—WorkLife 65 coverage ends—that’s 37 years of
WorkLife 65
term coverage! At any time before age 65, Joe can convert
his WorkLife 65 policy to permanent life insurance without
the need for an additional medical exam! The built-in
benefits that waive premiums for unemployment and
This case study is fictional and is for training purposes only. disability cannot be converted.
As you can see, WorkLife 65 can be the ideal product choice for Joe!
Please see reverse side for important information.
FOR INTERNAL USE ONLY. NOT FOR USE WITH THE PUBLIC.
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© 2011 Prudential Financial, Inc. and its related entities.
0199691-00002-00 Ed. 07/2011 Exp. 1/2013
name, GA,phone,email,web
address]
PruTerm WorkLife 65 is available from age 25 to 55, except in Washington state where it is available from age 35 to 55.
*If the insured becomes unemployed after the first contract anniversary, but before age 65, we will waive one continuous year of premiums. The insured must remain
unemployed for 60 days, receive state unemployment benefits, and have been continuously employed for a full year preceding the date unemployment began. The
unemployment feature may only be used once. If the insured becomes disabled prior to age 65 and subject to the terms of the rider, policy premiums will be waived
until the insured recovers or turn 65, whichever happens first. The product can cover clients with up to a Table C underwriting rating for many medical impairments.
Please note that some rated medical impairments may make the client ineligible for this product. You can contact Prudential underwriting for additional details.
Prudential allows conversions to survivorship policies at the company's discretion – it may discontinue the practice at any time.
PruTerm WorkLife 65 is issued by Pruco Life Insurance Company in all states (where available) except in New York, where, if available, it is issued by Pruco Life Insurance
Company of New Jersey. Term Essential is issued by Pruco Life Insurance Company, except in New York, where the issuer is Pruco Life Insurance Company of New Jersey.
Both are Prudential Financial companies located in Newark, NJ. Each is solely responsible for its own financial condition and contractual obligations.
All guarantees are based on the claims-paying ability of the issuer.
This material is designed to provide general information in regard to the subject matter covered. Securities and Insurance Products:
It should be used with the understanding that we are not rendering legal, accounting or tax advice. Not Insured by FDIC or Any Federal Government Agency.
Such services should be provided by the client’s own advisor. Accordingly, any information in this May Lose Value.
document cannot be used by any taxpayer for purposes of avoiding penalties under the Internal Not a Deposit of or Guaranteed by Any Bank or Bank Affiliate.
Revenue Code.
This marketing material is subject to an expiration date, and use of this material must be discontinued as of the expiration date.
FOR INTERNAL USE ONLY. NOT FOR USE WITH THE PUBLIC.
0199691-00002-00 Ed. 07/2011 Exp. 1/2013