1. Prudential Life Insurance vs New York Life

Prudential Life Insurance vs New York Life

Prudential and New York Life are good insurers to work with. Both have stood the test of time and earned high financial strength ratings. New York Life stands out for offering whole life insurance. Prudential stands out for offering indexed universal and survivorship policies.

Prudential Life Insurance logo
#5 Prudential Life Insurance
7.8 Overall Score
3.6
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(40)
New York Life logo
#7 New York Life
7.6 Overall Score
4.3
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(17)

Overview

Prudential Life Insurance

New York Life

Monthly Premium
Monthly Premium
$27.90*
Undisclosed
Policy Types
Policy Types
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Term
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Universal
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Variable
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Term
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Whole
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Universal
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Variable
Coverage
Coverage
50
Undisclosed
Time In Business
Time In Business
145 Years
98 Years

Ratings

Prudential Life Insurance

New York Life

Overall Score
Overall Score
7.8 of 10
7.6 of 10
Review Score
Review Score
3.6
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4.3
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Value for Money
Value for Money
3.6
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4.1
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Quality of Product or Service
Quality of Product or Service
3.6
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4.2
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Customer Service
Customer Service
3.6
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4.2
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Company Trustworthiness
Company Trustworthiness
3.8
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4.2
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Likely to Recommend
Likely to Recommend
4.8 of 10
7.5 of 10

Reviews

Prudential Life Insurance

New York Life

Number of Reviews
Number of Reviews
40
17
Review Breakdown
Review Breakdown
3.6
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5 star
40%
4 star
25%
3 star
10%
2 star
3%
1 star
23%
4.3
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5 star
53%
4 star
29%
3 star
12%
2 star
0%
1 star
6%

Reviews for Prudential Life Insurance

Helpful Favorable Review

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Syl

August 3rd, 2020 North Port, FL DETAILS arrow_drop_down
Value for your money
starstarstarstarstar
Quality of product or service
starstarstarstarstar
Customer service
starstarstarstarstar
Company trustworthiness
starstarstarstarstar

Prudential has always been responsive to make a change to my life insurance policy. My agent has been courteous, knowledgeable and helpful. I would recommend this company for their professionalism and they go to take care of my family.


Helpful Critical Review

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Royal A. Brown III

August 3rd, 2020 DETAILS arrow_drop_down
Value for your money
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Quality of product or service
starstarstar_borderstar_borderstar_border
Customer service
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Company trustworthiness
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Too expensive especially as get older. I had $200K SGLI which converted to PGLI - the retired military plan - increasing term - went from $300 month to $460 when I hit 79 and will jump to $900 month at 75 which will be unaffordable for $200K coverage. I will look for an investment vehicle which will grow for less and still leave my wife with enougth coverage. I have subsequently dropped this coverage.


Reviews for New York Life

Helpful Favorable Review

starstarstarstarstar

D

August 3rd, 2020 Woodstock, IL

Superior customer service from agent that wanted our business for federal life insurance conversion. He was prompt, responsive and very, very hardworking. We wanted to commend him and asked for his supervisor to call us, but unfortunately they never did. Perhaps they will see this.


Helpful Critical Review

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KATE

August 3rd, 2020 Brooklyn, NY DETAILS arrow_drop_down
Value for your money
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Quality of product or service
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Customer service
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Company trustworthiness
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New York Life sent us a medical examiner who was totally unprofessional. First. Even though he visited us at the time when the COVID-19 pandemic in NY just started, he did not put gloves on to take a blood sample. When asked to put gloves on, he demonstrated his disaffection and wore only one. Second. He was over 30 minutes late. Third. After the blood work, one of my veins has been puffy and enlarged. It has been three months now, and it did not get better yet. Because of this experience, I truly do not recommend New York Life. In my opinion, it is the insurance company's responsibility to select right medical examiners to contract with. They should have done their due diligence, which obviously they did not.


The Final Word

Prudential offers term, universal, indexed universal, and variable universal policies. It also offers universal survivorship policies that insure two people and pay a death benefit after the second person dies.

Prudential also offers riders that can be added to policies to offer additional protection. Some available riders include a disability waiver of premium, accidental death, and an accelerated death benefit that allows you to receive some of the death benefit early under certain circumstances.

New York Life is similar to Prudential. The biggest differences are that New York Life does not offer as much variety with universal life policies or survivorship policies. New York Life offers term, whole, universal, and variable universal policies. Its policies can also be customized with riders, and it offers similar riders as Prudential.

Both companies are trustworthy and have good life insurance policy options. If you're determining what kind of life insurance policy you want, either company is a good choice. If you're looking for a whole life insurance policy, New York Life is the best option between the two insurers. If you want a survivorship policy, Prudential is the way to go.

top choice

Prudential Life Insurance
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