What coverage is offered?

Employee Term Life coverage
Dependents Term Life coverage
Accidental Death & Dismemberment coverage

The policy through Prudential is Term insurance. Term Life insurance is a pure transference of risk in exchange for the payment of premium. Prudential, and prior carriers, have been providing coverage and assuming risk for the payment of premium. In the event a covered person were to pass, Prudential would honor their obligation/contract and pay the benefit. Absent that event, the insurer has earned the premium for the assumption of risk of the insurance. The Term Life policy has no cash value or paid up provision and to return premium at a later date would mean that Prudential provided free insurance coverage during the time they assumed the risk of the insured passing away.