Prudential Limits on GUL and SGUL
Prudential recently announced plans to restrict allowable face amounts on PruLifeŽ UL Protector and PruLifeŽ SUL Protector. Beginning October 24th, Prudential will update the following:
- UL Protector policies with combined face amounts on each insured greater than $5 million will not be available.
- SUL Protector policies with combined face amounts on insureds greater than $10 million will not be available.
Applications for higher face amounts must be submitted before the October 28th deadline with illustrations produced no later than Sunday, October 23rd.
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