Prudential vs State Farm Life Insurance

  • YEAR FOUNDED
    1875
  • CURRENT CEO
    John Strangfeld
  • AVAILABLE
    49 States
  • ADDRESS
    Prudential Plaza, Newark, New Jersey
  • TOP AWARDS

    The World's Most Admired Companies, FORTUNE, No. 1 in Insurance:Life and Health

    World’s Most Ethical Companies®, Ethisphere

    The JUST100, Forbes and JUST Capital

  • PROS
    • Possible rate reductions
    • Lenient underwriting guidelines
    • Actual age
  • CONS
    • No whole life insurance
    • Lengthy approval process
    • Strict underwriting for best rates
  • YEAR FOUNDED
    1922
  • CURRENT CEO
    Michael L. Tipsord
  • AVAILABLE
    48 States
  • ADDRESS
    East P.O. Box 588002 North Metro, GA 30029
  • TOP AWARDS

    N/A

  • PROS
    • Great Term Life Insurance
    • Top rated customer service
  • CONS
    • Term lengths
    • Higher premiums than other companies
SOURCEPrudentialState Farm
JD Power3/55/5
BBBA+A-
AM BestA+A++
Moody'sA1Aa1
FitchAA-N/A
Standard & PoorAA-AA
Comdex Score9298
SOURCEPrudentialState Farm
Total Assets$831 billion$160.732 billion
Life Insurance in ForceOver $2 trillion $901.7 billion
PrudentialState Farm
Term life insuranceSelect Term 10, 20, 30
Universal life insuranceReturn of Premium 20, 30
Standard universalMortgage Life 15, 30
Indexed universalWhole Life
Variable universalLimited Pay 10, 15, 20
Single Premium Life
Universal Life
Survivorship Universal Life
Joint Universal Life
PrudentialState Farm
MyTerm and Term EssentialSelect Term 10, 20, 30
Term EliteReturn of Premium 20, 30
PruTerm WorkLife 65Mortgage Life 15, 30
PruLife Return of PremiumWhole Life
PruTerm OneLimited Pay 10, 15, 20
Universal Life Insurance Single Premium Life
PruLife Universal ProtectorUniversal Life
PruLife Essential ULSurvivorship Universal Life
PruLife SUL ProtectorJoint Universal Life
PruLife Universal Plus
PruLife Founders Plus UL
PruLife Index Advantage UL
PruLife Survivorship Index UL
VUL Protector
PruLife Custom Premier II
PruLife SVUL Protector
PrudentialState Farm
Serious illness riderN/A
Disability rider
Additional death benefits
Cash value rider
Estate planning rider
Jonathan Holloway
October 13, 2019
John Holloway is a licensed life insurance agent and co-founder at NoExam.com
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