Prudential Investments of Newark, N.J., plans to begin offering this month an insurance twist for investors in its mutual fund family. For an additional premium that starts at 10 basis points for investors under 60, shareholders can get a guarantee protecting investment gains.

Prutector guarantees an annual "step-up" of guaranteed death benefits to capture any market growth in a customer's Prudential mutual fund portfolio. It also guarantees an annual 5% return on principal, up to a 200% cap.

If either the captured market return or 5% guarantee exceed the portfolio value at the time of the shareholder's death, beneficiaries will receive the difference as a life insurance payout.

The group universal life policy is underwritten by the parent Prudential Insurance Co. of America.

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