Why change the dividend payout option of a life insurance policy via myPrudential

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How to change dividend payout option of a life insurance policy 

You can log in to myPrudential and complete the following steps:

Step 1: Select “Change Dividend Payout Option”

1. Click the menu button in the top right corner and select “Policy Services” 

2. Click “Maintenance”

3. Click “Change Dividend Payout Option”

Step 2: Select the life insurance policy to update

Click the policy requiring a change in dividend payout option

Step 3: Confirm the policy change notification, verify contact details, and agree to the important notes of change dividend payout option

1. Confirm the policy change notification and verify contact details, then click “Continue”

2. After reading the important note of change dividend payout option, click “Next”

Step 4: Select the new dividend payout method

Click the new dividend payout method

Step 5: Verify the information and agree to the “Personal Information Collection Statements”

1. Verify the information

2. Check the boxes to agree to the “Personal Information Collection Statements”, then click “Confirm and send OTP”

Step 6: One-time passcode (OTP) verification

The one-time passcode will be sent via SMS. After entering the code, click “Submit”

Step 7: Request has been successfully submitted

Submission confirmation