by John Darer CLU ChFC MSSC CeFT RSP CLTC
Structured Settlement Annuity Issuers Keep Up Their Good Work
Congratulations to Prudential and Pacific Life who repeat as among the World’s Most Ethical Companies of 2024, according to Ethisphere.
Both Prudential and Pacific Life have been in business for 150 years
Both are important players in the structured settlement annuity marketplace
Longevity, among other things, is important in an industry that addresses longevity risk and provides longevity income protection and stable income, addressing the thing that most Americans worry about the most.
A survey published by Allianz on May 31, 2023, found that 61% of Americans were more scared of running out of money than scared of dying. Americans Facing a New Retirement Reality | Allianz Life
How does the Ethisphere Rank the World’s Most Ethical Companies?
According to Ethisphere, “the journey to the World’s Most Ethical Companies starts with a qualitative and quantitative assessment across five categories. This proprietary rating system, known as the Ethics Quotient® (EQ), is at the heart of the selection process for this prestigious honor. Featuring more than 240 multiple-choice and text questions, the EQ framework evaluates a company’s performance in an objective, consistent, and standardized way”. Ethisphere has been honoring the World’s Most Ethical Companies since 2006.
All applicants to the World’s Most Ethical Companies receive their overall EQ score and scores across the five categories as compared against the honorees. These insights – and access to the resources, guidance, and contextual expertise in The Sphere – offers tremendous value for improving ethics and compliance programs”.