by John Darer CLU ChFC MSSC CeFT RSP CLTC
One of the most positive structured settlement product developments of a record breaking 2023 was the introduction of Prudential Income Advantage, an index linked structured settlement annuity.
Prudential Income Advantage | Index Linked Structured Settlement Annuity (4structures.com)
Prudential Income Advantage became the third index linked structured settlement annuity on the current market, following Pacific Life in 2014 and Independent Life in 2020
The Prudential Insurance Company of America, founded in 1875 and based in Newark New Jersey, is one is one of the oldest and largest life insurance companies insurance companies in America offers a fully domestic solution.
Increased Choices for Structured Settlement Consumers Regardless of Interest Rate Environment
This is great news for structured settlement consumers and beneficiaries, which include personal injury victims, wrongful death survivors, personal injury attorneys seeking structured attorney fees. Allocating to an Index linked structured settlement offers growth potential, downside protection and tax benefits.
Prudential Index Linked Structured Settlement Annuity is Supported by Two IRS Private Letter Rulings
Prudential sought and obtained favorable IRS Private Letter Rulings to support Prudential Income Advantage. The two PLRs were issued on October 30, 2023. Click on the links below to view the PLRs.
1. PLR 109798-23 issued to Prudential’s qualified assignment company
What is a Qualified Assignment?
2. PLR 109799-23
Following is a link to the brochure for Prudential Income Advantage.
Download Prudential Income Advantage Index Structured Settlement Annuity Brochure
