Prudential's Traditional Buy-Out
As our flagship General Account offering, this product enables plan sponsors to completely transfer pension risk for covered liabilities to Prudential.
Providing the strength of Prudential's guarantee directly to participants for the life of their benefits, Traditional Buy-Out also allows plan sponsors to:
- Transfer risk, including investment, longevity, and benefit-option risk;
- Unburden themselves of administrative, actuarial and investment management expenses;
- Eliminate PBGC premiums for participants whose benefits are fully purchased; and
- Remove pension liabilities from their balance sheets.
With Prudential's Traditional Buy-Out, participant benefits are directly guaranteed by Prudential.