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Prudential Annuities.



Prudential Prudential is the name of two different companies and buildings named after them:

Companies:
  • Prudential plc is a United Kingdom-based financial services company.
  • Prudential Financial, Inc.
 Annuities, the domestic annuity annuity: see insurance.
annuity

Payment made at a fixed interval. A common example is the payment received by retirees from their pension plan. There are two main classes of annuities: annuities certain and contingent annuities.
 business for Prudential Financial, has introduced Lifetime Five, a variable annuity Variable Annuity

An insurance contract in which, at the end of the accumulation stage, the insurance company guarantees a minimum payment. The remaining income payments can vary depending on the performance of the managed portfolio.
 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 Net assets

The difference between total assets on the one hand and current liabilities and noncapitalized long-term liabilities on the other hand.


net assets

See owners' equity.
 for Lifetime Five and 0.50% for the enhanced death benefit.
COPYRIGHT 2005 A.M. Best Company, Inc.
No portion of this article can be reproduced without the express written permission from the copyright holder.
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Title Annotation:New Products and Services
Author:Panko, Ron
Publication:Best's Review
Article Type:Brief Article
Geographic Code:1USA
Date:May 1, 2005
Words:86
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