Economy10 hours ago (Apr 03, 2020 05:40PM ET)
(Reuters) – Prudential Financial Inc (N:PRU) will temporarily suspend taking applications for 30-year term life insurance policies, effective April 13, a spokeswoman said on Friday.
The suspension, which will last until June, is in response to “unprecedented market volatility over the past month and the anticipated low interest rate environment for the foreseeable future,” Prudential (LON:PRU) said in a statement.
Prudential Financial to suspend applications for 30-year term life insurance policies
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