Justin Adamitis is a director on the distribution team supporting Prudential’s Pension Risk Transfer business. Justin is skilled at identifying and delivering solutions that help plan sponsors mitigate the financial statement impact and risk associated with their qualified and nonqualified plan liabilities. He is experienced at providing consultative guidance to intermediaries, consultants, actuaries and pension committees, and educating them on the use of institutional annuities in traditional defined benefit, money purchase, cash balance, nonqualified and defined contribution plans.
Since 2010, Justin has consulted on all types of PRT transactions including lift-outs, buy-ins, and plan terminations, whereby managing relationships and expectations—from request for proposal through post sale. He is proficient in asset-in-kind transfers, mortality experience data review and transaction negotiations.
Justin received a B.S. degree in mathematics from Seton Hall University and holds Series 7 and 63 registrations.
Pension and medical risk transfer products are insurance products issued by The Prudential Insurance Company of America (PICA), Newark, NJ, a wholly owned subsidiary of Prudential Financial Inc. (PFI). PICA is solely responsible for its contractual and financial obligations. Guarantees are dependent on the claims-paying ability of PICA and are subject to certain terms, conditions, and limitations.
Certain insurance products used to transfer pension risk, including PICA’s Portfolio Protected Buy-Out and Portfolio Protected Buy-In, may utilize a separate account established by PICA, in which case, premium paid to PICA under the group annuity contract is deposited into a separate account. The payment obligations specified in the group annuity contracts for such products are insurance claims supported by the assets in the separate account, and if such assets are not sufficient, by the claims-paying ability of PICA, subject to certain terms conditions, and limitations.
This material is intended for informational purposes only. Before entering into a transaction or pursuing a strategy of the types described herein, you should consider the suitability of the transaction or strategy to your particular circumstances and independently review (with your professional advisors as necessary) the specific financial risks as well as the legal, regulatory, investment, credit, tax, and accounting consequences.
Products not available in all states.
Reinsurance products are issued by PICA. Neither PICA nor its parent company PFI, headquartered in the United States, is affiliate in any manner with Prudential plc, incorporated in the United Kingdom, or with Prudential Assurance Company, a subsidiary of M&G plc, incorporated in the United Kingdom. PICA is solely responsible for its financial condition and contractual obligations. PICA is not authorized or regulated by the U.K. Prudential Regulation Authority or regulated by the Financial Conduct Authority, nor does it offer insurance or reinsurance in the United Kingdom. PICA is not authorized or regulated by the Office of Superintendent of Financial Institutions for Canada or by the Financial Services Commission of Ontario. PICA is not authorized or regulated by supervisory authorities in the European Economic Area (EEA). PICA provides insurance products for U.S. pension plans in the United States and off-shore U.K. reinsurance to companies that have acquired U.K. pension risk through transactions with U.K. plan sponsors.
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CA Certificate of Authority (PICA) For Compliance Use Only #1179
For Compliance Use Only:1079970-00001-00