| Average Ratings (from 9 ratings) | |
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 5 Positive Reviews –  2 Negative Reviews |
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Facts, Reviews & Ratings
Visit the Prudential Website to learn more:
- Emphasis on Variable with some Fixed Annuities
- Has $693 billion in assets under management
- 38,000 Employees i n 37 Countries
- Serving clients since 1875
- Headquartered in Newwark, New Jersey
- A+ Rating with AM Best
| The Prudential Friendly Society, founded by insurance agent John Fairfield Dryden, was founded in a basement office in downtown Newark, N.J., in 1875. It was the first company in the U.S. to make life insurance available to the working class. The company sold Industrial Insurance, which provided funeral and burial expenses for low-income families, with some weekly premiums as low as three cents.Four years later, Prudential’s sales extended beyond New Jersey, into New York City and Philadelphia, and the company’s customer base expanded to the newly emerging middle class. With growing sales, assets reached $1 million, and in 1885, the one-millionth policy was sold to John Dryden. Renamed “The Prudential Insurance Company of America,” Prudential later adopted The Rock of Gibraltar as its company symbol, reflecting the strength and security it offered to customers.A lot has changed since 1875, but not our commitment to helping people achieve financial security and peace of mind. For over 130 years we have demonstrated that we know what it means to keep the promises and commitments we make.We have built our company on our proud heritage of life insurance and asset management expertise. Today, we offer individuals and institutions in the United States, Asia, Europe, and Latin America a wide array of financial products and services, including life insurance, annuities, mutual funds, investment management, and retirement related services.1 |
Citations: 1) http://www.prudential.com/view/page/public/11732?src=oc&name=oh
I have had Prudential Life insurance since I was in my twenties so it was easy for me to put my money in their annuities when my advisor suggested it for my retirement. What I did not know was that i could loose a lot of my money and the only way I can get it back is to use an income guarantee. I am not happy with my advisor but I am more upset with myself for not understanding that my money was at serious market risk. I am supposed to also be pleased I guess that if I die I can get my money back! Not the best withdrawal policy….
Goodbye Mike G (ex-advisor)
When I saw the fees, surrender penalties and the limits on investments that were available I freelooked my Prudential annuity. The advisor was not happy with me but I believe he was seeing nothing but big commissions anyway. Adios Amigos & No way Hosea
Well I guess the best way to say it is hindsight is 20/20. My wife and I reluctantly were convinced that putting my 403B and her 401K into a couple of prudential annuities would be the best way to secure our income for the next 20 or so years of retirement (God Willing). Wow Thank you and kudos to Janet our Advisor. We would have lost a lot of money and had a seriously reduced income if we would not have listened to Janet.
Well we have lost a lot of money but our income is guaranteed with a rider for the rest of our life. We are concerned about inflation but at least we have a long term income that is secure.
Prudential is truly a great and safe company in our opinion but looking back our choice should have been a fixed annuity we had compared several competitors to the variable from Prudential now our principal is down and our balance is eroding away with a stagnant market and high fees. We are stuck because of the surrender charges and loss of principal. the only saving grace is our income rider which we will have to turn on in a year or two to supplement our income and make the best of this annuity.
Love it I sleep well and do not worry since I know I have a secure income no matter what the market does. Yea I am down like everyone else but I believe the market will be back and so will my principal in the longrun I believe my Prudential annuities will grow and if they do not so what they give me the income that I need.
I have a piece of the Rock so stay strong Prudential I am extremely happy with my annuity not the market. That is why I bought my annuity for a worst case scenario and it has paid off. I just keep an eye on Prudential since they are the ones backing up the guarantees and so far so good.
I compared a lot of annuities fixed and variable Prudential seemed to be the best variable with its daily high water mark potential but I finally settled on an Allianz fixed annuity that can help better with inflation since it seems to have a greater potential to increase income after the lifetime income stream is turned on than the Prudential variable. I just about went with Prudential I like the company.
Annuities are not the way to go they have high fees and pay high commisssions avoid them all even Prudentials. The stockmarket always comes back and wins in the long run.
DodgersRock says:
April 9, 2010 at 11:35 AM
Annuities are not the way to go they have high fees and pay high commisssions avoid them all even Prudentials. The stockmarket always comes back and wins in the long run.
And…what about the “short run”, as in when you retire and are withdrawing money in a down market. Not a good outcome, and no way to “win”.