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Home > Property Insurance Coverage > Home Owners Insurance > Prudential
Prudential
Prudential Financial companies serve individual and institutional customers worldwide and include The Prudential Insurance Company of America, one of the largest life insurance companies in the U.S. These companies offer a variety of products and services, including mutual funds, annuities, real estate brokerage franchises, relocation services, and more.
The firm believes that real estate is a more reliable income source than individual retirement accounts known as IRAs, savings and investments, or income from working during retirement. The dramatic increase in home values over the past few years is viewed by many people as a boon for their retirement preparedness, while the rising costs of other goods and services like health care are seen as a negative to their retirement prospects. To access equity in their homes, two-thirds of the survey's respondents acknowledged that they would need to consider downsizing to less-expensive housing.
Insurance is a way to manage risk by providing you with the support to face financial losses due to a tragedy or accident. It involves paying a premium according to the property subjected of insurance and the type of protection you want to give it among other aspects.
The survey found that homeowners are generally unaware of reverse mortgages, which allow a homeowner to unlock their residence's equity while still remaining in their home. Although people tend to talk up the value of their home, it's interesting to note that three-quarters of homeowners still hold a mortgage on their primary residence. And about half of those in retirement still have a mortgage. In general, Americans are not confident about being financially prepared for retirement. They acknowledge that the investment in their home is a safety net they consider to be their most dependable source of potential retirement income.
Competitive life, long term care, property, and liability policies from Prudential can help secure your family’s future.
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