Prudential launches ActiveIncome insurance overlay on Franklin Templeton's Canvas platform

New offering integrates protected lifetime income into RIA practices to help Americans secure retirement income.

Published on Mar. 2, 2026

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Prudential Financial has launched its ActiveIncome insurance overlay solution for retail managed accounts on Franklin Templeton's Canvas platform. The innovative offering is designed to seamlessly integrate protected lifetime income into registered investment advisors' practices, making it easier to help more Americans protect their life's work.

Why it matters

The launch of Prudential's ActiveIncome on the Canvas platform underscores the growing demand for holistic retirement planning solutions that go beyond just savings to address the evolving needs of today's investors, including securing lifetime income protection.

The details

Through a contingent deferred annuity, investors can maintain investment flexibility while securing lifetime income longevity protection without moving assets to an insurance carrier. Advisors gain streamlined access to insurance solutions that enhance planning strategies beyond traditional withdrawal strategies.

  • Prudential announced the launch on March 2, 2026.

The players

Prudential Financial, Inc.

A global financial services leader and premier active global investment manager with approximately $1.6 trillion in assets under management as of Dec. 31, 2025.

Franklin Templeton

A trusted investment partner, delivering tailored solutions that align with clients' strategic goals. Franklin Templeton's Canvas platform is a leading wealth management solution to build, implement, and manage tax-optimized and personalized portfolios.

FIDx

An Insurance Overlay marketplace that connects carriers, wealth platforms, and advisors, enabling streamlined access to insurance solutions.

Ann Nanda

Head of Retirement Future Growth and Firm Engagement at Prudential Financial.

Roger Paradiso

Head of Custom Client Portfolios at Franklin Templeton.

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What they’re saying

“We have a tremendous opportunity to move beyond just retirement savings to focus on holistic, personalized wealth management and income planning to meet the needs of today's investors.”

— Ann Nanda, Head of Retirement Future Growth and Firm Engagement at Prudential Financial (Business Wire)

“Protected lifetime income is foundational to retirement security. By bringing insurance overlays into Canvas, we're giving advisors another way to manage risk and deliver personalized outcomes — helping clients stay invested and move into retirement with confidence.”

— Roger Paradiso, Head of Custom Client Portfolios at Franklin Templeton (Business Wire)

What’s next

Prudential's ActiveIncome insurance overlay is now available on Franklin Templeton's Canvas platform, giving registered investment advisors a new tool to integrate lifetime income protection into their clients' retirement planning strategies.

The takeaway

The launch of Prudential's ActiveIncome on the Canvas platform demonstrates the growing importance of holistic retirement planning solutions that go beyond just savings to address the evolving needs of today's investors, including securing lifetime income protection.