Insurance Policies at Prudential Financial, Inc.
Our Prudential Insurance Lawyers Can Give You the Help You Need
Insurance protects the next-most important concern after a person’s health: their (and their loved ones') financial stability.
For many people, especially families, a severe injury can threaten their way of life by reducing how much a person can earn. The loss of a loved one can threaten their financial stability at a time that they're already dealing with too much. Insurance provides support so they can face a more stable future.
Prudential Financial, Inc. is one of the biggest insurance companies in the United States. When it was created in 1875, Prudential was one of the first insurance companies to offer policies specifically to industrial workers and the newly-forming "middle class." Their first policies offered only burial expenses, a testament to the ever-present danger of industrial work in the late 19th century. Only a decade later, Prudential had sold one million policies in the New Jersey, New York, and Pennsylvania areas.
Recently, Prudential was sued by the bereaved families of fallen soldiers for not paying life insurance benefits. Rather than provide full payouts, the company would place benefits into a Prudential corporate account, called a "retained asset account." When families would ask for the full amount, they would often face delays, if they received anything at all. The suit was eventually settled for $40 million to avoid litigation.
If you are being kept from benefits that are rightfully yours by Prudential Financial, Inc., contact the insurance claim attorneys at Arnold & Itkin. Give us a call today at (888) 493-1629.
