Prudential to End Sales of Variable Annuities With Guaranteed Living Benefits
November 11, 2020 by Emily Holbrook
Prudential Financial will discontinue all sales of variable annuities with guaranteed living benefits, according to statements made by company executives during its third quarter earnings call.
Reducing exposure to changes in market conditions and interest rates the company stated, adding it will instead focus on other sources of revenue that are less rate sensitive.
Click HERE to read the full story via ThinkAdvisor
Originally Posted at ThinkAdvisor on November 5, 2020 by Emily Holbrook.
Categories: Industry Articles