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May 05, 2003 at 08:00 PM
NU Online News Service, May 5, 2003, 11:54 a.m. EDT – Prudential Financial Inc., Newark, N.J., says it is adding a guaranteed minimum income benefit to its Strategic Partners FlexElite Annuity, a variable annuity product released in May 2002.
Prudential is also adding features, such as an Income Appreciator Benefit option, that give holders a chance to increase their income, Prudential says.
Prudential notes that all guarantees are based on the claims-paying ability of the issuing insurance company.
