Prudential Retirement Launches FDIC Insured Deposit Account

Prudential PRU has added Prudential ProtectionSM Account to its suite of institutional retirement solutions in response to the unprecedented financial crises and plan sponsors' demand for products with built-in guarantees. The new product is a principal and accrued interest guaranteed investment option for its 401(k) clients and their employees that is insured by the Federal Deposit Insurance Corporation up to $250,000 per participant.