PruLife Custom Premier II offers death benefit protection with the potential to accumulate long-term tax-deferred cash value using a variety of investment options.
Features include:
Subject to a minimum premium payment, you have flexibility to structure the amount and timing of your premium payments.
Based on a specific premium payment pattern, you can choose one of three distinct options to guarantee your death benefit against
lapse because of unfavorable investment performance.
You may choose between a fixed, variable or return of premium death benefit option. Under the variable death benefit option,
your death benefit will increase (or decrease) in relation to your cash value.
The return of premium death benefit option returns all of the premiums you paid into your policy to your beneficiaries upon death.
You can choose to reduce your death benefit later in life, should you no longer need the full amount of protection.
You may invest your premiums, less expenses, among a variety of investment options including a money market fund and fixed-rate option.
If your cash value has grown sufficiently, you have the ability to withdraw and/or borrow money from your policy in a tax advantaged manner.
If you cancel your policy within the first 10 years, surrender charges will apply.
You can manage your policy using the following fund manager features:
Up to 12 free transfers among investment options per year (transfers from the fixed-rate option are limited)
Allocated charges
Automatic rebalancing
Dollar cost averaging
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