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.

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