sug.

www.decosimo.com/downloads/LifeInsurance_detail307.pdf
www.irs.gov/irb/2005-06_IRB/ar12.html
www.contingencies.org/sepoct02/workshop.pdf

Son especies de pruebas que analizan el valor efectivo dentro de las organizaciones (sus activos más valiosos: las personas, empleados, etc).

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Note added at 12 mins (2005-05-10 20:35:01 GMT)
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PruSelect III Product Information
The most valuable assets of any corporation are its executives and other key employees. Qualified retirement plans do not always provide the flexibility and level of benefits necessary for businesses to appropriately compensate their key employees in retirement or attract and retain top executive talent. Many companies supplement their benefit packages with non-qualified executive benefit plans. PruSelect III, issued by Pruco Life Insurance Company, is a variable universal life insurance designed for the Corporate Owned Life Insurance (COLI) Market. It may be appropriate as an informal funding vehicle for corporate-owned or -sponsored, non-qualified executive benefit plans.

PruSelect III is available in all states.

Features of PruSelect III

* Flexible premium, variable universal life insurance policy
* A choice of three death benefit options: Fixed, Variable, and Premium Return
* A choice at issue between the Cash Value Accumulation Test (CVAT) or Guideline Premium Test (GPT) to meet Internal Revenue Code Section 7702 Definition of Life Insurance
* An optional Target Term Rider, available in all states, including New York, to age 100
* A variety of investment portfolios from well-regarded asset managers so you can select the portfolios that complement your insurance goals, investment objectives, and tolerance for risk
* Potential to grow and accumulate cash value in your policy
* A Surrender Value Enhancement Rider included automatically with your policy at no additional cost, providing the potential for high early year cash values (not available in some states.)
* Fixed Interest Rate Account Rider (not available on some products)
* Flexibility to vary the timing and amount of premium payments (subject to certain minimums and maximums) and the type of death benefit according to your changing financial situation
* Ability to increase or decrease the face amount of your PruSelect III contract or Target Term Rider at any time. Increases may be subject to underwriting approval. Changes to the face amount may have tax consequences
* Administrative options like Automatic Rebalancing and Dollar Cost Averaging
* Access to your policy values by either a contract loan or withdrawal of cash value1


Download PruSelect III prospectus

New York and New Jersey policies (Pruco Life Insurance Company of New Jersey)
For policies issued in other states (Pruco Life Insurance Company)

PruSelect III may be right as an informal funding solution for your non-qualified executive benefit plan if you wish to:

* Align key employee benefits with corporate objectives and culture
* Attract and retain top executive talent
* Provide adequate pension income for executives relative to compensation
* Take an active role in managing your contract by making your own investment decisions and assuming more risk in exchange for greater potential rewards

Features of PruSelect III

* Premium Flexibility
* The Opportunity to Build Cash Value
* Wide Range of Investment Options
* Three Death Benefit Options
* Access to Your Policy Values
* Fully Underwritten, Simplified Issue, and Guaranteed Issue Policy Classifications
* Supplemental Options

Premium Flexibility
PruSelect III allows you to make premium payments that fit your corporate financial situation.

How does PruSelect III\'s premium structure work?

* You can select a payment plan (subject to certain minimums and maximums) that best fits your needs, whether you prefer to make a series of consistent, frequent payments or only a few larger payments.
* You can adjust your payments over time to take advantage of your changing financial condition.
* The premiums you pay for PruSelect III, less any charges, are placed in your Contract Fund, which is used to pay the policy\'s charges and expenses, as well as to grow the policy\'s cash value.
* While the payment amount and frequency of payments are up to you (again, subject to certain minimums and maximums), it is important to be sure that sufficient premiums are being paid to keep the policy in force.

See the PruSelect III prospectus for detailed information regarding policy charges.

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The Opportunity to Build Cash Value
After all required charges are taken from your premium payment, the remainder—the net premium—is used to start your Contract Fund. Each additional net premium payment is added to your Contract Fund and allocated to the investment options you have selected.

The Contract Fund is a critical component of your policy. It provides funds:

* To maintain the life insurance protection by paying for monthly charges and deductions, such as the cost of insurance, mortality charges, and administrative expenses
* To give the policy a cash value for loans and withdrawals1
* To grow the variable death benefit, if applicable

The Contract Fund value fluctuates daily to reflect favorable or unfavorable investment results of the underlying investments.

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Wide Range of Investment Options
You can choose from a number of high-quality investment options covering a spectrum of asset classes and styles.

The Prudential portfolios are part of the Prudential Series Fund, Inc.—investment options available through variable life insurance and annuity contracts issued by The Prudential Insurance Company of America or its affiliated companies and similar contracts issued by other carriers with whom Prudential has an agreement. The non-Prudential portfolios are offered through joint agreements Prudential maintains with the issuing fund management companies.

Net premiums may be allocated to any combination of the investment portfolios (in whole number percentage increments). To help you respond to changing financial conditions, PruSelect III gives you the flexibility to change your investment allocations and to transfer funds, from one investment option to another, with the first 12 transfers per year at no charge.

Administrative Options

Dollar Cost Averaging (DCA) allows you to periodically transfer specified amounts from the DCA Money Market subaccount into other variable subaccounts available under the contract. A periodic investment plan such as dollar cost averaging does not assure a profit or protect against loss in declining markets. Since such a strategy involves continued investment, the investor should consider his or her ability to continue purchases through low price levels.

Auto-Rebalancing allows you to automatically rebalance variable subaccount assets at specified intervals based on percentage allocations that you choose.

It is important to note that the performance of the options you select affects the policy\'s cash value, and in some cases, the death benefit. For help in determining which portfolio or combination of portfolios best suits your insurance needs, investment objectives and tolerance for risk, see your licensed financial professional.

To view PruSelect III\'s performance today, see the Monthly Performance Review. You can also view Daily Unit Values.

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Three Death Benefit Options
PruSelect III offers a choice of death benefit options—a fixed, variable, or premium return option. Whichever option you choose, the death benefit will be at least the face amount of your policy—less any outstanding loans—as long as your contract is not in default. In certain instances the policy\'s death benefit may increase. For example, if the value of your Contract Fund grows to a certain level, as a result of the outstanding performance of your investment options, Pruco Life may need to increase the policy\'s death benefit to satisfy Internal Revenue Code rules.

* With the fixed death benefit (Type A) option, the death benefit is equal to the current face amount.
* With the variable death benefit (Type B) option, the death benefit is equal to the face amount plus the Contract Fund before deduction of any monthly charges due on that date (but not less than the policy face amount).
* With the premium return death benefit (Type C) option, the death benefit is equal to the face amount plus accumulation with interest of total premiums paid less withdrawals. The interest rate is chosen at issue by the policyowner. Allowable rates are 0% to 8% at half-percent intervals, and the interest rate can be changed after issue.

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Access to Your Policy Values
PruSelect III is flexible enough to help you maintain a death benefit for your key employees while at the same time providing liquidity for you to take advantage of financial opportunities.

You have access to policy cash values in two ways-through loans or withdrawals.

* Policy Loans.1 You may borrow up to 99% of the cash surrender value attributable to the variable investment options plus the balance of cash value if the contract is not in default. The loan can be borrowed at a fixed interest rate. We credit 4% on loan amounts, and we charge a 5% loan rate. After ten years, we offer preferred loans on a portion of the amount that can be borrowed, except if your contract has been surrendered for Fixed Reduced Paid-Up (available only in New York). Our preferred loans offer a 4.25% loan interest rate and 4% credited on the preferred loan amount.
* Withdrawals.1 You may choose to withdraw funds from the policy. The amount available to withdraw is based on the cash value accumulation in your policy.
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