Prudential

Prudential Financial is a leading financial services company with approximately $942 billion in assets under management.

With over 50,000 employees, Prudential has operations in the United States, Europe, Asia and Latin America.  The company has been in business for 136 years and is currently a listed company on the New York Stock Exchange.

Prudential Financial offers a variety of products and services, including life insurance, annuities, retirement-related services, mutual funds, investment management, and real estate services.  Prudential is a leading provider of variable annuities in the United States.

Prudential's wide range of insurance and investment-related products and services enables the company to address the wealth growth and protection needs of millions of financial services consumers around the world.  

Prudential Product Reviews
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Products Offered


General Information
Websitehttp://www.prudential.com
TypeInsurance Company
Founded1875
Ownership
CountryUSA
Contact Information
AddressOne Corporate Drive
Shelton, CT 06484
Phone888-778-2888
Fax

Information & Articles about Prudential

Life insurance companies that have bank holding company status and applied for TARP funds prior to November 14 2008 will receive $22 billion in TARP funds from the U.S. Treasury.

Companies that are set to receive funds include: Hartford Financial Services Group, Prudential Financial, Principal Financial Group, Lincoln National, Allstate and Ameriprise Financial.

Many life insurers--particularly those with meaningful variable annuity businesses--have been significantly impacted by the capital markets volatility during the financial crisis.

Source: Wall Street Journal (subscription required)

Full Story

4,310 reads

It is a fact that people are living longer with each passing year.

Longevity risk or the risk of outliving one's assets must be a fundamental consideration with any financial plan.

Annuities can provide an effective hedge against longevity risk, and a longevity annuity can be especially useful in providing guaranteed lifetime income.

Some facts and figures from the Prudential Insurance Company

Today, once an individual has reached age 65, he can expect to live, on average, 19 years or more. And 65-year-old individuals who are married have almost a 50 percent chance they or their spouse will live to age 92.

Today’s retirees are healthier for more of their retirement, which means they will have ample opportunity to spend down their retirement assets.

Actually, it’s not extremely unlikely that today’s near retirees could hit the triple digits. In light of this, a helpful strategy in retirement planning is to model the probability of assets lasting to age 100 or beyond.

 

Source: Prudential Insurance Company

3,176 reads

The U.S. Treasury Department is expected to annouce that TARP funds will be extended to certain life insurers that have bank holding or thrift status.

The potential TARP funds are seen as most beneficial for those life insurers whose capital bases have suffered most during the financial crisis.

Strengthened capital bases are likely a positive for consumers of life and annuity products, while industry shareholders and executives would suffer from dilution of their ownership and increased regulatory burden in areas such as executive compensation.

Possible TARP fund recipients include Hartford Financial Services Group, Lincoln National, Genworth Financial, Prudential and MetLife, Principal Financial Group and the Phoenix Companies.

Source: Wall Street Journal    

2,908 reads

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