Prudential Annuities Announces Next Innovation in Guaranteed Protection Optional Benefits

Prudential Annuities, the domestic annuity business for Prudential Financial, Inc. announced today it has launched Highest Daily Lifetime Five, a variable annuity optional living benefit that guarantees, subject to the program rules, a five percent income stream every year for life based on five percent annual compounded growth on the highest daily protected value.

The newest innovation in the Lifetime Fivesm suite of benefits, HD Lifetime Five offers investors the opportunity to increase their annuities’ income potential every day the market is open—up to 250 times a year (for the first 10 years or until the first withdrawal if earlier). The award-winning Lifetime Five was introduced in March of 2005 as the industry’s groundbreaking guaranteed-withdrawals-for life living benefit. HD Lifetime Five is available on most annuity products issued by American Skandia Life Assurance Corporation and Pruco Life Insurance Company, all Prudential Financial Companies. HD Lifetime Five is currently available in most states.

Prudential Annuities Announces Next Innovation in Guaranteed Protection Optional Benefits
Source: dBusiness News