Prudential's LTC By Design Long Term Care Insurance Ranks Highest in Product Strength; LTCWebsites.com Gives Top Rating to Prudential's Individual Long Term Care Insurance Product.Business/Insurance/Technology Editors NEWARK, N.J.--(BUSINESS WIRE)--Oct. 17, 2002 Prudential Prudential is the name of two different companies and buildings named after them: Companies:
See: New York Stock Exchange :PRU PRU Prudential Financial PRU Pupil Referral Unit PRU Photographic Reconnaissance Unit PRU Potomac Rugby Union (Washington, DC) PRU Provincial Reconnaissance Unit PRU Projets de Rénovation Urbaine PRU Pruhonice ) announced today that the individual long term care insurance product, LTC LTC abbr. lieutenant colonel By Design(SM), underwritten by its life insurance subsidiary, The Prudential Insurance Company of America, received the top ranking in Product Strength from www.LTCPolicyComparisons.com, a web site for insurance producers. LTCPolicyComparisons.com evaluates the most current information about existing long term care insurance policies using actual contract language. The site currently rates 39 companies and 75 products. "We are very pleased that our long term care insurance products continue to be recognized as some of the best in the industry, " said Ed Baird, president of Prudential's Group Insurance business. "We are confident that the services and benefits LTC By Design(SM) offers will help both producers and consumers make important decisions about selecting a long term care insurance provider." "We are excited to see companies like The Prudential Insurance Company of America continue to develop cutting edge long term care insurance products," said Phillip W. Sullivan, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of LTCWebsites.com. "Not only has LTC By Design(SM) received the highest product rating we have ever awarded, it contains some of the strongest and clearest contract definitions available. It is evident that Prudential understands the needs of the consumer and is striving hard to meet those needs. The industry needs this kind of innovation and leadership," Sullivan said. LTCWebsites.com markets products that help insurance producers sell and market long term care insurance. Currently it offers subscriptions to LTCTraining.com, a complete sales and marketing website for insurance producers and UnderstandingLTC.com, an Interactive Consumer Educational Website. The new Website is now also available by annual subscription to insurance producers. Prudential Financial's life insurance subsidiary, The Prudential Insurance Company of America, manufactures and distributes a full range of group life, disability and related insurance products through employers and other groups in connection with employee and member benefit plans. Prudential's resources, financial strength and stability allow it to honor As a verb, to accept a bill of exchange, or to pay a note, check, or accepted bill, at maturity. To pay or to accept and pay, or, where a credit so engages, to purchase or discount a draft complying with the terms of the draft. long-term commitments to employers and employees alike. Prudential Financial companies, with approximately $557 billion in total assets under management Assets Under Management (AUM) is a term used by financial services companies in the mutual fund and money management or investment management business to gauge how much money they are managing. and administration, as of June 30, 2002, serve individual and institutional customers world wide and include The Prudential Insurance Company of America, one of the largest life insurance companies in the U.S. These companies offer a variety of products and services, including life insurance, property and casualty insurance, mutual funds, annuities, pensions and retirement related services and administration, asset management, securities brokerage, banking and trust services, real estate brokerage franchises and relocation services Relocation services or "employee relocation" includes a range of internal business processes that are engaged to transfer employees (and often their families) or entire departments of a business to a new work location. . For more information, visit www.prudential.com. LTC By Design(SM) long term care insurance is underwritten by The Prudential Insurance Company of America, a Prudential Financial company, 751 Broad Street, Newark, NJ 07102 (800) 732-0416. This coverage contains benefits, exclusions, limitations, eligibility requirements and specific terms and provision under which the insurance coverage may be continued in force or discontinued dis·con·tin·ue v. dis·con·tin·ued, dis·con·tin·u·ing, dis·con·tin·ues v.tr. 1. To stop doing or providing (something); end or abandon: . All insurance policies may not be available in your state. Coverage is issued under LTC By Design(SM) policy number, GRP GRP Group GRP Group (file name extension) GRP Glass Reinforced Plastic GRP Gastrin-Releasing Peptide (biology) GRP Gross Rating Point (advertising) 112202, however, policy numbers may vary by state. |
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