Prudential Annuities, the domestic annuity business for Prudential Financial, has introduced Lifetime Five, a variable annuity optional living benefit that can guarantee 5% annual compounded investment growth for up to 10 years and a 5% annual withdrawal stream for life. Prudential also has launched a variable annuity optional death benefit that automatically locks in an annuity's best day of account value during the measuring period. Annual costs are 0.60% of average daily net assets for Lifetime Five and 0.50% for the enhanced death benefit.
|Printer friendly Cite/link Email Feedback|
|Title Annotation:||New Products and Services|
|Article Type:||Brief Article|
|Date:||May 1, 2005|
|Previous Article:||Life insurance sales grow at banks.|
|Next Article:||Nationwide Financial.|