The Alliance Account Will No Longer Be Offered as a Settlement Option Effective 03/29/21

Effective March 29, 2021, the Alliance Account will no longer be offered as a settlement option and will be removed from the Individual Life claim forms. The Alliance Account will not be available as a settlement option for any claim in which the first notice of death was reported after the effective date. If the insured’s date of death is prior to March 29, 2021, AND the claim’s packet with the Alliance option was mailed to the beneficiary prior to this effective date, the election of the Alliance Account will be accepted at the time the claim form is received in good order. For claims submitted without notification of passing to Prudential, and on an old version of the claim form, the Alliance Account will no longer be a settlement option as of March 29, 2021. All contractual settlement options remain unchanged. Annuities implemented a similar change last month.