Pruco Life Insurance Company, Newark, N.J., announced enhancements to its PruLife(R) Universal Plus product. PruLife is the company’s first fully underwritten permanent life insurance product to feature the new MyNeeds Benefit and offers strong tax-deferred potential for long-term cash accumulation. This no-cost rider waives withdrawal or surrender charges in the event the insured requires hospice or nursing home care.

PruLife(R) Universal Plus comes with two death benefit guarantees against lapse, tax favored distribution of accumulated cash value, competitive interest crediting rates and valuable riders including the new MyNeeds Benefit.

The MyNeeds Benefit complements the Living Needs Benefit, which allows a policyholder access to the death benefit in the event of a terminal illness. The Living Needs Benefit is an accelerated death benefit and is not a health, nursing home, or long-term care insurance benefit and is not designed to eliminate the need for insurance of these types. There is no charge for this rider but, when a claim is paid under this rider, the death benefit is reduced for early payment, and a $150 processing fee is deducted. If more than one policy is used for the claim, each policy will have a processing fee of up to $150.

Portions of the Living Needs Benefitpayment may be taxable, and receiving an accelerated death benefit may affect eligibility for public assistance programs. The federal income tax treatment of payments made under this rider depends upon whether the insured is the recipient of the benefit and is considered “terminally ill” or “chronically ill.”

For more information, visit www.news.prudential.com.