Prudential Financial Inc. recently launched a new indexed variable annuity, FlexGuard® Income, meant to provide customers with investment strategies geared towards growth potential while offering different levels of protection. “Today’s financial challenges require new and different solutions,” stated Dylan Tyson, president of Prudential Annuities, in …
Prudential Financial has announced that they will no longer sell variable annuities with guaranteed living benefits in response to the uncertain economic climate and historic low interest rates. This includes the company’s Highest Daily Income and Prudential Defined Income annuity products, according to chairman and …
If you research annuity products online, you’re going to find a plethora of information that both support these financial tools and caution against them. With so much controversy surrounding them, many companies are still skeptical about selling annuities, but one in particular is taking a …
Yesterday, Hartford Financial Services Group Inc. announced that it will purchase a group annuity contract from Prudential Financial, transferring $1.6 billion of its $5.65 billion in U.S. pension liabilities. According to a recent Pensions & Investments article, the transfer will be effective Friday. Hartford’s 8-K …
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