Why did eligible policyholders receive compensation? Was it in exchange for a policy?
Prudential was a mutual company owned by its policyholders. Now, Prudential is a public company owned by its shareholders. Ownership interests in the company were separated from the underlying policy or contract. Policyholder ownership interests in the company were exchanged for shares of stock, cash, or policy credits, but existing policy benefits, cash values, and eligibility to receive dividends did not change. The compensation distributed to policyholders was in exchange for their ownership interests in Prudential.
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- Why did eligible policyholders receive compensation? Was it in exchange for a policy?
