Baby Boomers Are the Largest Generation in American History and now They Are Starting to Retire2.
Employers with retiree life insurance benefits have to think long and hard about how they're going to cover the rising premium costs, and how they're going to cope with complex administration.
At The Prudential Insurance Company of America (Prudential), we offer innovative solutions that can help employers address these escalating challenges. From removing or offsetting liabilities to making these benefits available on a voluntary basis, our Retiree Life Insurance Solutions make it possible for them to keep top talent and keep their promise to retiring employees.
* Accounting Standards Codification (ASC) Topic 715, Compensation Retirement Benefits. Prudential does not provide tax, legal, or accounting advice. Therefore, the employer should consult its own tax advisor and/or accounting advisor regarding the tax implications and/or FAS 106 accounting implications of the retiree life liability transfer arrangements they enter into with Prudential.
1 Department of Health & Human Services, Administration on Aging, http://www.aoa.gov/AoARoot/Aging_Statistics/index.aspx, 2009
2 Gillon, Steve; Boomer Nation: The Largest and Richest Generation Ever, and How It Changed America, Free Free Press, 2004.
Group Disability and Voluntary Reducing Term Life Insurance coverage is issued by The Prudential Insurance Company of America, a Prudential Financial company, 751 Broad Street, Newark, NJ 07102. The Group Contract discusses all details, including any policy exclusions, limitations, and restrictions, which may apply. Contract Series: 83500.
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