93-year-old Prudential policy belongs to a 94-year-old Renaissance man
A letter from the son of a 94-year-old insured soon revealed a story of a mother’s love and a 140-year-old purpose. Bruce Jacobs, an Empire, Michigan resident, and his sister, Carol, found an original one-page life insurance policy while cleaning out the attic at the home of their father, Ralph.
How to Save for Retirement in the Gig Economy
The freedom and flexibility that independent contracting affords make it attractive to millennials, but older generations are also taking notice. The typical gig worker, according to a Prudential white paper, is in his late 40s while the average age for the traditional full-time worker is 43. The primary motivator for joining the gig economy is overwhelmingly financial; 44 percent of gig workers included in the report said they pursued gig work to pay the bills. Older workers were more likely to gravitate toward such work for purely financial reasons.
American workers trust life insurers for financial security, survey says
What keeps American workers awake at night? For one in three, it’s the fear of losing a loved one.
This finding, among several insights from the American Workers Survey, could be why 87 percent of respondents say life insurance is important, and why two in three have coverage.
In open letter, Prudential appeals to corporate leaders on financial wellness
Nearly six in every 10 American workers are stressed about their current financial situation—and Prudential is calling on all U.S. employers to do something about that stress.
Natural disasters don’t need to be financial disasters
Even if the damage to homes and personal property is devastating, the financial impact of a natural disaster doesn’t have to be. There are lessons to be learned from those who bounced back from past disasters—and the strategies, programs and policies that helped them do it.
Spooky fact: Workers spend more time on Halloween than on benefits decisions
It’s that season again, when ghosts and goblins take to the streets, Thanksgiving menus are planned and gift lists are written—and when most employers offer open enrollment for health and benefit plans.
Gig economy may threaten financial wellness of contract workers, Prudential survey shows
NEWARK, N.J., Aug. 30, 2017 - The gig economy — the increasingly popular employment model where people work as independent contractors rather than employees of companies — has a destabilizing effect on personal financial security, a Prudential Financial, Inc. (NYSE: PRU) survey shows.
Going back to school with a plan to beat student loan debt
For far too many college students entering their senior year, student loan debt is causing more sleepless nights than final exams—but not for Eve Mahaney, a Class of 2018 photography major at Ithaca College and daughter of Jim Mahaney, Prudential’s vice president of strategic initiatives.
Prudential: public service employee pensions only a step to retirement security, survey says
NEWARK, N.J., June 22, 2017 - Despite a persistent belief that public employees such as teachers, police and firefighters will be taken care of in retirement thanks to the pension plans of old, a survey sponsored by Prudential Retirement shows that today’s shifting political and economic landscape may have left them and their employers on shaky ground.
LGBT leaders highlight the many meanings of “worth”
Worth was a recurring theme among the LGBT leaders and allies who spoke at Prudential’s 2016/2017 LGBT Financial Experience Symposium at Prudential Tower in downtown Newark, kicking off Newark’s LGBT Pride Week.