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Prudential Income Advantage | Indexed Structured Settlement Income Advantage

John Darer • Oct 12, 2023

Growth potential, downside risk protection, tax benefits

prudential structured settlement index linked

Prudential Income Advantage Indexed Structured Settlement™ (Income Advantage), is a new structured settlement annuity product


Along with many of the benefits that a traditional structured settlement delivers, Income Advantage provides:

  • an opportunity for market-linked gains during a deferral period, with growth linked to the S&P 500®,
  • guarantees a minimum payment amount.
  • U.S. domiciled annuity issuer
  • U.S. domiciled qualified assignment company
  • Provides another indexed structured settlement option that has the potential to grow funds received through a physical injury settlement while also offering protection from market declines, without the need to go offshore. for any component of the transaction.
  • Prudential has received two IRS Private Letter Rulings that support the transaction.  See IRS PLR 107798-23 and IRS PLR 109799-2 published October 30, 2023.


Call now to discuss



Who issues the Prudential Income Advantage Indexed Structured Settlement Annuity?


The new structured settlement annuity is issued by The Prudential Insurance Company of America, which traces its roots back to 1875.


At time of posting, The Prudential Insurance Company of America holds the following ratings


A. M. Best Rated            A+

Standard & Poors          AA-

Moodys                           Aa3

Fitch Ratings                   AA-



  • Fortune® World’s Most Admired Companies™ 2023 “Insurance: Life and Health” category
  • Ethisphere World’s Most Ethical Companies® 2023
  • Fortune 500® list of America’s largest corporations
  • Largest life insurer in the United States (life and health combined) based on total admitted asset
  • 5th-largest seller of individual life insurance in the United States based on new recurring premium
  • 3rd-largest insurer in the United States based on net premiums


How Does Prudential's Income Advantage Compare to Other Index Linked Structured Settlement Annuities?


A. Compared to other domestic index linked structured settlement

  • Higher cap than other domestic index linked structured settlement
  • Indexing begins from the outset rather than when payments start

B Compared to other index linked structured settlement providers

Note

  • Prudential Income Advantage is not available for non qualfied assignments, while certain other product providers provide non qualified assignment solutions.
  • Non-domestic non qualified assignment companies are an important solution where the damages being structured do not qualify under IRC 130, the section of the United States Code that governs Qualified Assignments.



Call now to Discuss Structured Settlements


last updated January 25, 2024


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