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Prudential Financial Inc. has introduced its first indexed variable annuity contract, or "registered index-linked annuity" (RILA). A RILA often gives purchasers more ability to benefit from investment market gains than a typical, non-variable indexed annuity does.
A RILA also offers only a limited amount of protection against investment-market-related losses. The protection limit exposes purchasers to the possibility of loss of principal, but it also protects the issuer from having to take on unlimited guarantee risk.
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Allison Bell
Allison Bell, a senior reporter at ThinkAdvisor and BenefitsPRO, previously was an associate editor at National Underwriter Life & Health. She has a bachelor's degree in economics from Washington University in St. Louis and a master's degree in journalism from the Medill School of Journalism at Northwestern University. She can be reached through X at @Think_Allison.
