Why choose a modified guaranteed annuity?
Modified guaranteed annuities offer predictable earnings for a selected guarantee period, such as five, seven, or ten years. They can be attractive to investors who want returns without the uncertainty of the equities markets.
Strategic PartnersSM Horizon Annuity
Protect your principal while you earn a fixed rate of interest if the contract is held to maturity. You choose the payout option and can also safeguard your beneficiaries with a probate-free death benefit. Issued by Pruco Life Insurance Company, Newark, NJ. (In NY, issued by Pruco Life Insurance Company of New Jersey, Newark, NJ.)
How does it work?
To earn the guaranteed rate, you must hold the annuity contract to the end of the guarantee period. (Modified guaranteed annuities are subject to market fluctuations, so that, in the case of early withdrawals, the contract value may be worth more or less than your original purchase payment. Also, a withdrawal charge may apply to early withdrawals. Early withdrawals can result in a market value adjustment and perhaps a withdrawal charge. (The market value adjustment [MVA] for early withdrawals takes into account the difference between current interest rates and the guaranteed rate. An MVA can either increase or decrease your contract value or withdrawal amount.)
Earnings are not taxed until withdrawn, most likely during your retirement. Withdrawals of earnings are subject to ordinary income tax to the extent of gain and a 10% federal income tax penalty may apply prior to age 59½. You have a choice of payout options, including a lifetime income.
Protection for Your Beneficiaries
If you die after payments begin and within the Designated Period or Installment Refund Period, payments will continue to your beneficiary.
All guarantees are based on the claims paying ability of the issuing company.
Annuity contracts contain exclusions, limitations, reductions of benefits and terms for keeping them in force. Your licensed financial professional can provide you with complete details.
Contract # MVA-2002-OR
Investors should consider the contract and the underlying portfolios' investment objectives, risks, and charges and expenses carefully before investing. This and other important information are in the prospectuses, which can be obtained from your financial professional. You should read the prospectuses carefully before investing.
Variable annuities are issued by Pruco Life Insurance Company (in New York, by Pruco Life Insurance Company of New Jersey), Newark, NJ and distributed by Prudential Annuities Distributors, Inc., Shelton, CT. All are Prudential Financial companies and each is solely responsible for its own financial condition and contractual obligations. Prudential Annuities is a business unit of Prudential Financial.
0192684-00003-00 Ed.05/2012
