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Upside Potential, Downside Protection, Money Management Control and Flexibility
Every 11 seconds a Baby Boomer turns 60; that's 8,000 Americans every day.* In fact, the country's estimated 78 million baby boomers are about to redefine the retirement planning landscape—not only by what they do in their retirement, but also in the way they fund it.
With today's greatly increased life spans and active lifestyles, people have to be prepared to live 15, 20, or 30 or more years in retirement—not just 5 to 10 as their parents did. Factor in rising health care costs, high housing costs, and the like, and it's clear that today's retirees are facing many challenges. They simply can't take a small lump-sum retirement settlement and stretch it out for an unknown number of years and enjoy any kind of quality of life.
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These benefits are provided through Prudential IncomeFlex® TargetSM, which is consistently referred to herein as "IncomeFlex Target". To maintain the IncomeFlex Target benefit, you must invest in an IncomeFlex Target Fund. Like all variable investments, these funds may lose value. Withdrawals in excess of the Lifetime Annual Withdrawal Amount will reduce future guaranteed withdrawals proportionately.
Prudential IncomeFlex Target Funds are separate accounts available under group variable annuity contracts issued by Prudential Retirement Insurance and Annuity Company (PRIAC) (CA COA # 08003.), Hartford, CT. PRIAC does not provide any guarantee of the investment performance or return of contributions to those separate accounts. PRIAC's guarantee of certain withdrawals is supported by PRIAC's general account and is contingent on its claims paying ability. You should consider the objectives, risks, charges, and expenses of the funds and guarantee features. Before electing the spousal benefit (if available) on behalf of any beneficiary not recognized as your spouse under federal law, be aware that provisions of the plan or Internal Revenue Code might prevent, limit or otherwise affect the ability of the beneficiary to receive the spousal benefit.
For this and other information, please access the participant website or call 1-888-PRU-FLEX (778-3539) for a copy of the Prudential IncomeFlex Target Important Considerations prior to investing. Product availability and terms may vary by jurisdiction and product version. Subject to regulatory approvals. Annuity contracts contain exclusions, limitations, reductions of benefits and terms for keeping them in force. Contract form #GA-2020-TGWB-0805 or state variations thereof.
*Source: U.S. Census Bureau, 2006.
INST-20080125-A025929
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