Prudential – 7702 UPDATE

Prudential updated their permanent life offerings into compliance with IRC 7702 on Monday, April 19th. The adjustments are mostly straightforward and are not accompanied by other structural changes to products, except for the reprices on both PruLife Essential UL® and PruLife Founders Plus UL® (please see Overviews for analysis on these two). Accumulation-focused offerings fall mostly in line with expectations, though Index Advantage does see decreases in distributions for many younger to middle-age insureds. Otherwise, the accumulation products see the expected smaller improvements to distributions and heavy decreases to both initial death benefits and targets. Products with protection and no-lapse focuses see almost no changes across the board under those lenses.