Prudential Financial launches Momentum IUL, a new life insurance product with power to adapt to life’s changes
19 Agosto 2024 - 2:30PM
Business Wire
Indexed universal life solution offers combination of
protection, growth potential and flexibility to pivot.
Prudential Financial, Inc., has launched Prudential Momentum
IUL℠, a new indexed universal life product issued by Pruco Life
Insurance Company and Pruco Life Insurance Company of New Jersey
(in NY) that provides the financial resiliency in growth and
protection that customers need to withstand changing life
events.
“Prudential is committed to providing our customers with the
solutions they need to adapt and keep up with life’s opportunities
and challenges,” says Rob Schaffer, head of Product Design &
Innovation, Individual Life Insurance at Prudential. “Momentum IUL
allows our customers to help protect their loved ones’ futures and
grow their cash value to reach their goals, while providing them
with the opportunity to pivot should their needs change.”
Momentum IUL offers a variety of indexed account options, based
on the well-known S&P 500 or Nasdaq 100 indices, for the
potential to accumulate tax-advantaged cash value, along with full
downside market protection to manage market risk. It also
introduces the choice of segment durations, including one-year
capped or uncapped options and Prudential’s first-to-market
six-month option. With flexibility in mind, customers can make
changes as their needs evolve and can access the cash value for any
purpose, including supplementing retirement income.
The solution allows for designing and adapting a policy to help
meet protection needs with options to grow the value of the death
benefit, a no-lapse guarantee, along with optional riders for
chronic and terminal illnesses, disability, accelerated death
benefit, and more.
Designed to help meet customers’ evolving financial needs,
Momentum IUL provides a strong foundation to help protect what’s
most important to customers, while empowering them to adapt to
life’s changes.
Additional information about Momentum IUL is available online
here.
ABOUT PRUDENTIAL Prudential Financial, Inc. (NYSE: PRU),
a global financial services leader and premier active global
investment manager with approximately $1.5 trillion in assets under
management as of June 30, 2024, has operations in the United
States, Asia, Europe, and Latin America. Prudential’s diverse and
talented employees help make lives better and create financial
opportunity for more people by expanding access to investing,
insurance, and retirement security. Prudential’s iconic Rock symbol
has stood for strength, stability, expertise and innovation for
nearly 150 years. For more information, please visit
news.prudential.com.
CONNECT WITH US: Visit prudential.com Follow on
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version on businesswire.com: https://www.businesswire.com/news/home/20240819683574/en/
MEDIA Claire Currie
claire.currie@prudential.com
Prudential Financial (NYSE:PRU)
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