Buy Life Insurance Quotes Online | Prudential Financial (2024)

Assurance IQ, LLC a wholly-owned subsidiary of Prudential Financial, Inc. ("Prudential") matches buyers with products such as life and health insurance and auto insurance, enabling them to make purchases online or through an agent. Neither Prudential Financial, Inc. nor Assurance IQ issues, underwrites, or administers health plans or health insurance policies.

Annuities and Life Insurance are issued by Prudential Financial companies; The Prudential Insurance Company of America (“PICA”) or Pruco Life Insurance Company (“PLAZ”) (in New York, by Pruco Life Insurance Company of New Jersey (“PLNJ”)), all located in Newark, NJ (main office), or an unaffiliated third-party issuer: Fortitude Life Insurance & Annuity Company (“FLIAC”), located in Jersey City, NJ. Fortitude Re has retained PICA as an unaffiliated Third-Party Administrator. Variable Annuities and Variable Life Insurance are distributed by Prudential Annuities Distributors, Inc. (“PAD”), Shelton, CT (main office). Each company (PICA, PLAZ, PLNJ, FLIAC, PAD) is solely responsible for its own financial condition and contractual obligations.

Fortitude Re is the marketing name for FGH Parent, L.P. and its subsidiaries, including FLIAC. Each subsidiary is responsible for its own financial condition and contractual obligations.

FLIAC is not licensed to do business in New York, effective December 31, 2015, which had no impact on existing annuity contracts sold through FLIAC.

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Buy Life Insurance Quotes Online | Prudential Financial (2024)

FAQs

Is it okay to buy life insurance online? ›

What are the benefits of buying life insurance online? When you buy life insurance online, the application is simple, convenient, and safe. Sun Life offers straightforward coverage you can apply for on your own time. No appointments needed.

Can I really pull money from life insurance? ›

If you have a permanent life insurance policy that has accumulated cash value, then yes, you can take cash out before your death.

Why do life insurance companies want to know your income? ›

Life insurance companies also look at your income to determine how much coverage you can buy.

Can you really get money from life insurance? ›

Can You Cash Out a Life Insurance Policy? With a cash value life insurance policy, like whole life or universal life insurance, you can access the cash value. One of the ways to do that is to cash out or surrender the policy. If you choose to cash out your policy, you'll receive the cash value minus any surrender fees.

Is it safe to get insurance quotes online? ›

As long as you're shopping with a legitimate insurance company, it's safe to buy auto coverage entirely online. Many of the top auto insurers in the country allow you to buy coverage through their websites.

Is it better to buy life insurance online or agent? ›

Online Quotes Might Leave You Paying Too Much

In some case, especially with “guaranteed issue” policies, the premium may be higher than what you would pay if you talked to an agent. “Guaranteed issue” is a way for insurance companies to minimize the paperwork involved with issuing life insurance policies.

What is the cash value of a $100,000 life insurance policy? ›

However, most people receive around 20% of the face value on average, according to LISA. So, if we're using that 20% average to calculate the cash value of a $100,000 life insurance policy, the cash value of the policy would be $20,000.

What is the cash value of a $25,000 life insurance policy? ›

Examples of Cash Value Life Insurance

An example is a cash value life insurance policy with a $25,000 death benefit. Assuming you don't take out a loan or withdraw, the cash value accumulates to $5,000. After the policyholder's death, the insurance company would pay out the full death benefit, which would be $25,000.

How long does it take to build cash value on life insurance? ›

Cash value: In most cases, the cash value portion of a life insurance policy doesn't begin to accrue until 2-5 years have passed. Once cash value begins to build, it becomes available to you according to your policy's guidelines.

What not to say when applying for life insurance? ›

For example, applicants might lie about their age, income, weight, medical conditions, family medical history or occupation. It's also relatively common for applicants to lie about their alcohol or drug use.

What should you not say when applying for life insurance? ›

LYING ABOUT DRUG USE OR TOBACCO & ALCOHOL USE

An applicant for life insurance must disclose lifestyle habits, good and bad, including use of alcohol or use of tobacco.

Do insurance companies run your credit for a quote? ›

It is true that insurance companies check your credit score when giving you a quote. However, what they're doing is called a 'soft pull' — a type of inquiry that won't affect your credit score.

How to use life insurance to build wealth? ›

So, here are a few ways to use life insurance as a wealth building tool.
  1. Cash Value Accumulation. Life insurance policies, such as Farm Bureau Insurance's whole life policy, often come with a cash value component. ...
  2. Tax Advantages. ...
  3. Estate Planning. ...
  4. Business Succession Planning. ...
  5. Charitable Giving.
Aug 22, 2023

What life insurance pays out right away? ›

What is instant life insurance? With an instant life insurance policy, you can get approved shortly after you apply. You can apply with no medical exam. You won't have to wait days, weeks, or months for a decision and typically your coverage almost immediately if there is no waiting period.

Which life insurance can you borrow from? ›

Life insurance loans are only available on permanent life insurance policies — such as whole life and universal life — that have a cash value component. You likely can't borrow against a term life insurance policy since it probably doesn't have cash value. Learn more about term vs. whole life insurance.

Why is it cheaper to buy insurance online? ›

Buying online could also be cheaper because you won't pay agent commissions or other fees as you might when obtaining an auto policy in person. However, you could also miss out on potential savings by not working with a knowledgeable insurance agent in person.

When should you not buy life insurance? ›

You can buy either term or whole life insurance; which is best will depend on your needs and financial situation. Life insurance may not be worth if you have no dependents, if you have a tight budget, or if you have other plans for providing for them after your death.

Does buying life insurance affect your credit score? ›

Getting multiple life insurance quotes won't affect your credit score, so there's no need for concern there. Ask the insurance company about the underwriting process and what type of credit inquiry they may perform.

At what age should you stop buying life insurance? ›

Life insurance is no longer needed for many people once they reach their 60s or 70s. At this point they retire, their kids have grown up, and they've paid off their mortgage and other debts. However, others prefer to keep life insurance later in life to leave an inheritance and to pay off final expenses.

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