What Kind of Insurance Is Prudential?
Prudential Financial, Inc., widely known as Prudential, is a prominent U.S.-based financial services company specializing in a range of insurance and investment products. The company offers several types of insurance, including:
- Life Insurance: Prudential’s life insurance offerings include term, universal, indexed universal, and variable universal policies. These products provide policyholders with financial protection for their beneficiaries, often including investment options.
- Annuities: Prudential’s annuities allow individuals to plan for retirement by providing a steady income stream based on their investment. These products include both fixed and variable options.
- Disability and Critical Illness Insurance: Prudential provides limited options for disability and critical illness coverage, designed to protect policyholders in case of serious health issues that impact their income.
Additionally, Prudential offers investment and retirement solutions, asset management services, and wealth planning, catering to both individual clients and institutions.
Who Owns Prudential Insurance?
Prudential is a publicly traded company listed on the New York Stock Exchange (NYSE) under the ticker symbol PRU. As a public entity, Prudential’s ownership is shared among institutional investors, individual shareholders, and private equity firms. Its largest shareholders include well-known investment firms such as BlackRock, Vanguard, and State Street, along with numerous individual investors. Unlike mutual insurance companies owned by policyholders, Prudential operates independently, answering to its shareholders.
The company was founded in 1875 and has grown significantly over the years, diversifying its offerings to become a leading provider of financial products worldwide. Prudential’s headquarters are located in Newark, New Jersey, and it maintains a strong presence both in the United States and globally.
What Company Took Over Prudential?
While no company has fully taken over Prudential, Empower Retirement acquired Prudential’s retirement business in a transaction completed in April 2022. This acquisition by Empower, one of the largest retirement services providers in the U.S., included Prudential’s full-service retirement business. Empower now manages a wide range of Prudential’s retirement plans, serving millions of customers previously associated with Prudential.
Prudential continues to operate its core life insurance, annuity, and asset management divisions independently. This strategic divestiture allowed Prudential to focus on its other key insurance and investment products, while Empower expanded its footprint in the retirement solutions sector.
How Do I Check My Prudential Life Insurance Policy?
To check your Prudential life insurance policy, you can follow these steps:
- Online Account: Prudential offers online account access for policyholders through its website, Prudential.com. By logging into your account, you can view policy details, including premium payments, coverage amounts, and beneficiary information. For first-time users, you’ll need to register with your policy number.
- Mobile App: Prudential also provides a mobile app that allows users to manage their policies on the go. Available for both iOS and Android devices, the app provides access to policy information, payment history, and more.
- Customer Service: You can contact Prudential’s customer service team for assistance by calling 1-800-778-2255. The support line operates from 8:00 AM to 8:00 PM EST, Monday through Friday, and representatives can help with policy inquiries, including account updates or making policy changes.
- Local Agents: For those who prefer face-to-face assistance, Prudential has a network of agents and advisors. You can find an agent through their website or by calling customer service for further assistance.
Contact Information
Here are the main contact details for Prudential Financial:
- Headquarters Address: Prudential Financial, Inc., 751 Broad Street, Newark, NJ 07102-3777, USA.
- Customer Service Phone Number: 1-800-778-2255 (Life Insurance support)
- Website: www.prudential.com
- Office Hours: 8:00 AM to 8:00 PM EST, Monday through Friday