The insurance center in Newark, New Jersey is the third largest in the USA, ranking just after New York and Hartford. Prudential Financial and Mutual Benefit Companies , two major Newark insurance companies in the USA, have their headquarters in Newark. All these facts prove the importance of Newark as a leading insurance hub in the country.
Prudential Financial, Inc ., the largest Newark insurance company in the world, originated in Newark , New Jersey. It started business in 1875 in Newark Insurance under the name Prudential Friendly Society . In its initial days Prudential Financial sold only burial insurances. Today it offers many insurance products and schemes. Prudential Financial is also involved in providing investment management, and other financial. Prudential Financial caters its services to 30 countries globally.
The insurance products offered by Prudential Financial are as follows:
- Term Life Insurance
- Universal Life Insurance
- Variable Life Insurance
- Survivorship Life Insurance
- Whole Life Insurance
- Long-Term Care Insurance
- Health Insurance
- Fire Insurance
- Property Insurance
- Automobile Insurance
- Medical Insurance
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