Prudential 2001 Annual Report Download - page 21

Prude ntial Financ ial 2 00 1 Annual Repo rt 19
Prudential is #2 in
group life market share
Gro up life insurance
gros s premiums .
’99 ’00 ’ 0 1
— $2 Billion
— $1 Billion
In demand with market-
leading companies
Prudential Financial
executives for group life
ins urance and relocation
services meet with Randy
MacDonald, IBM’s Se nior
Vice Pre s ident o f Human
Resources .
Leader in group insurance
When group insurance is the cornerstone of your benefits package,
you need to be sure your provider is the right one. For many of today’s
top companies, the choice is easy: Prudential Financial.
Employers find what they need—and more—in Prudential
Financial’s breadth of protection products, including life insurance,
disability income and long term care insurance. Prudential Financial
also helps fund executive benefit plans with corporate- and trust-
owned life insurance products.
Benefits managers take comfort in knowing that Prudential
Financial has years of experience in designing, setting up and admin-
istering group insurance plans, from the simple to the complex. And
we’re using the power of the Web to make their programs easier to
administer. We’re establishing online capabilities that range from
program enrollment to reporting tools to claim submission.
More options. Easier administration. Leading-edge technology. It’s
no wonder Prudential Financial had one of the best client retention
records in the industry in 2001, with strong persistency for our group
life insurance business.
A vision for the future of employee benefits
It’s called “the war for talent.” Thousands of American companies
competing to recruit and retain the best and brightest employees.
For many companies, the competitive edge comes in the form
of employee benefits.
But with a workforce that’s more diverse, more technologically
savvy, and more focused on personal growth than ever before, the
tried and true models of employee benefits are no longer enough. At
Prudential Financial, we’re pioneering an array of cost-effective
programs and services that deliver more growth and protection
options and provide more of what today’s employees are looking for.
Like access. Prudential’s leading-edge technology gives employees
access to our services over the phone, face to face, on the Web or
through the PalmTM VII handheld computer.
Employees today also demand more choice, particularly when it
comes to investing for retirement. Prudential’s retirement plans
deliver, with investment choices from highly regarded asset managers
covering a broad spectrum of styles and objectives.
And where traditional benefits stop, Prudential Financial is just
getting started. Our comprehensive voluntary benefits program,
Prudential WorkingSolutions,SM provides access to a range of growth
and protection solutions, from auto coverage to real estate services to
home equity loans, all in one place: the workplace.
Making connections online
At Prudential Financial, we do business with more than 12 million
employee benefit plan participants. By using Web-based technology, we’re
bringing our products and services right to their computer desktops.
Account information, planning tools, customer service and a wide range
of proprietary and non-proprietary products are just a click away.
Our goal is to make it easier for clients to manage their financial lives,
and also to broaden our relationships with customers by exposing them
to a wider array of products and services.
Signs of opportunity
The Prudential Re al Estate
Ne twork, which includes
more than 1 ,5 00 franchise
offices and 43 ,0 0 0 s ales
as s o ciates , is one o f
the larges t re al es tate
ne tworks in North Ame rica.