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Income Your Clients Can Count On

Prudential Defined Income Variable Annuity
For your clients seeking predictable guaranteed lifetime income in retirement with the flexibility to start it any time.

  • New higher 6.0% Income Percentage at age 65 (single)*
  • New higher 5.5% Income Percentage at age 65 (spousal)*
  • 5.0% Income Growth Rate

See current rates

* at issue age.

Rates are subject to change. Please see the current monthly rate sheet prospectus supplement for complete rates and details.

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With Defined Income You Can Offer Your Clients:

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More for Less

Defined Income is designed to help provide a higher level of guaranteed minimum income, at a lower cost than generally found with other variable annuities with living benefits.

Predictable Income Now or Later

Your clients will enjoy the comfort of knowing exactly what their lifetime income will be, now and in the future.

Help in Creating a More Secure Future

Defined Income can be used to help your clients supplement traditional income sources such as Social Security or fixed income investments.

Investing Without the Risk of Equity Exposure

As a part of an overall retirement strategy, Defined Income helps reduce your clients’ exposure to market volatility.

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Show Your Clients the Defined Income Difference


Use our easy-to-understand video with clients and prospects to discover how Defined Income can help them create guaranteed lifetime income in retirement.

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Clients Can Choose Income Now or Even More Income Later

Income Now: Your clients can decide to start income immediately.

Income Later: Your clients can wait and secure a greater income in the future through guaranteed compounded growth.

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This hypothetical example is for illustrative purposes only. It does not reflect a specific annuity, an actual account value or the performance of any investment. Withdrawals in excess of the Guaranteed Income Amount impact the value of your benefit and can also affect the certainty of your income. An excess withdrawal occurs when your cumulative Lifetime Withdrawals exceed your Guaranteed Income Amount in any annuity year. If an excess withdrawal is taken, only the portion of the Lifetime Withdrawal that exceeds the remaining Guaranteed Income Amount will proportionally and permanently reduce your Guaranteed Income Amount for future years. If an excess withdrawal reduces the account value to zero, no further amount would be payable and the contract terminates.

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Spousal Income Protection

Defined Income offers a spousal option, where the surviving spouse can continue to receive uninterrupted  income for the rest of his or her life, guaranteed.

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Income Security with Investment Simplicity

Defined Income helps reduce your clients’ exposure to equity markets by fully investing their money in Prudential’s AST Multi-Sector FIxed Income Portfolio, a four star rated fund in the Morningstar US Insurance Corporate Bond category (out of 177 funds).*


* Source: Prudential Annuities, Morningstar 12/31/2017

As of 12/31/2017
Actual allocations and credit quality may vary over time due to performance and/or portfolio manager discretion. The Portfolio may invest up to 10% of its investable assets in bonds rated below investment grade (which are commonly referred to as “junk bonds”).


PDI Chart Details
Investment Grade Corporates 81.20%
Commercial Mortgage-Backed Securities 8.52%
High Yield Corporates 3.53%
U.S. Municipal 3.46%
Emerging Markets 1.25%
Cash & Equivalents 1.42%
Bank Loans 0.20%
Non-U.S. Government 0.12%
Treasuries 0.32%

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Tools to Help Educate Your Clients

Use our online experience to:

  • Access Defined Income illustrations/calculations
  • Download marketing material
  • Service your existing Prudential Annuities clients

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Defined Income At-A-Glance

Defined Income At-A-Glance
Features Specifications

Minimum purchase payment

Initial: $25,000
Subsequent: $1001

Investment portfolio

100% investment in the AST Multi-Sector Fixed Income Portfolio

Issue ages
May vary by broker/dealer

Minimum 45 / Maximum 85
Contracts may not be issued on or after the 86th birthday of the oldest of all owners and annuitant

Guaranteed Lifetime Withdrawals
Not subject to CDSC2

Income Now – the Guaranteed Income Amount (GIA) is determined at the time the variable annuity contract is issued and is based on:

  • Whether your client chooses the single or spousal income option

  • The purchase payment multiplied by your client’s applicable age-based Income Percentage

Income Later – the GIA grows every day by an Income Growth Rate until the first Lifetime Withdrawal is taken

Non-Lifetime Withdrawals
Subject to CDSC during the surrender period

Non-Lifetime Withdrawals proportionally reduce all benefit guarantees by the percentage the withdrawal represents of the current account value

  • Do not stop the daily income growth on the GIA

  • Can only be taken prior to starting Lifetime Withdrawals

Death benefit
All death benefit protection terminates upon contract annuitization or if the account value reaches zero

Your client’s beneficiaries will receive the greater of:

  • The sum of all the purchase payments, reduced for any withdrawals3

  • The account value
    Please note that if electing the spousal version, the death benefit is paid upon the death of the last surviving spouse

Latest annuity date

No later than the first day of the calendar month following the 95th birthday of the oldest of all owners and annuitant

Fees and Charges

Total annual insurance charges4
Includes the fee for the guaranteed income benefit

1.90% for all years

AST Multi-Sector Fixed Income Portfolio expense


Annual maintenance fee
Waived if the sum of all purchase payments totals $100,000 or more

Lesser of $50 per year or 2% of the account value

Contingent Deferred Sales Charge (CDSC) schedule
Payment-based; assessed on withdrawals during the first seven years after each purchase payment is made. Waived for GIA payments and RMDs

7 years: 7%, 7%, 6%, 6%, 5%, 5%, 5%


1 Clients may make additional purchase payments at any time within the first annuity year. At any time, with prior notice to your client, we may limit your client’s right to add additional purchase payments.

2 Withdrawals in excess of the GIA are subject to CDSC.

3 Withdrawals up to the GIA reduce the death benefit on a dollar-for-dollar basis. Non-Lifetime withdrawals and withdrawals of excess income reduce the death benefit by the same proportion that the GIA is reduced (proportional withdrawals). We reserve the right to pay a death benefit equal to the account value if we do not receive due proof of death within one year.

4 We reserve the right to increase the fees up to the maximum charge of 2.60% any time on or after the 7th annuity year on existing contracts. Please see the prospectus for additional information.

5 Reflects net annual portfolio expenses as of December 31, 2016. Current portfolio operating expenses may be different than those shown above.

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Partner with us, and we’ll invest in you.

Contact your wholesaler today and have our team of experts and resources work for you.

Call us at 877-668-2823

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What is a variable annuity?

A variable annuity is a contract with an insurance company. It's a long-term investment designed for retirement purposes. Your clients invest money in professionally managed investment portfolios, where it accumulates tax-deferred. Investment returns and the principal value of an investment will fluctuate so that an investor's units, when redeemed, may be worth more or less than the original investment. When your clients retire, their investment can be used to generate a stream of regular income payments that are guaranteed for as long as they live. In addition, variable annuities may provide a guaranteed death benefit for their beneficiaries. It is important to remember that annuity contracts contain exclusions, limitations, reductions of benefits and terms for keeping them in force.

Why does the company behind the annuity matter?

When the time comes for your clients to use the benefits that are offered by a variable annuity it is important to remember that all guarantees including the optional benefits are backed by the claims-paying ability of the issuing insurance company and do not apply to the underlying investment options.

Can Prudential help me determine if an annuity is right for my clients?

It's up to you to determine if a variable annuity is suitable for your clients. Prudential Annuities does not provide investment advice. The selections you choose together with your clients are all dependent on their investment goals and their risk tolerance.

What happens if my clients need access to their money?

There are limitations and restrictions when making withdrawals. Withdrawals or surrenders may be subject to contingent deferred sales charges. Withdrawals and distributions of taxable amounts are subject to ordinary income tax and, if made prior to age 59½, may be subject to an additional 10% federal income tax penalty, sometimes referred to as an additional income tax. Withdrawals reduce the account value and the living and death benefits proportionately.

What are the limitations and restrictions my clients need to consider?

Defined Income does not provide a diverse set of investment choices nor does it provide the option to allocate your clients' purchase payments or account value among a variety of investment choices with different investment styles, objectives, strategies and risks. The performance of your clients' account value will depend entirely on the performance of the AST Multi-Sector Fixed Income Portfolio. It's important to remember that fixed income investments are subject to risk, including credit and interest rate risk. Because of these risks, a subaccount's share value may fluctuate. If interest rates rise, bond prices usually decline. If interest rates decline, bond prices usually increase.
Lastly, the benefit is part of your clients' annuity and they may not cancel the benefit. However, upon specified events, the benefit may be terminated. See the prospectus for more information.

What should my clients know about The Morningstar RatingTM?

The 3-year rating for this fund is four stars out of 175 Corporate Bond investments. The 5-year rating for this fund is N/A out of 145 Corporate Bond investments. The 10-year rating for this fund is N/A out of 85 Corporate Bond investments. The Morningstar RatingTM for funds, or "star rating", is calculated for managed products (including mutual funds, variable annuity and variable life subaccounts, exchange-traded funds, closed-end funds, and separate accounts) with at least a three-year history. Exchange-traded funds and open-ended mutual funds are considered a single population for comparative purposes. It is calculated based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a managed product's monthly excess performance, placing more emphasis on downward variations and rewarding consistent performance. The top 10% of products in each product category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars, and the bottom 10% receive 1 star. The Overall Morningstar Rating for a managed product is derived from a weighted average of the performance figures associated with its three-, five-, and 10- year (if applicable) Morningstar Rating metrics. The weights are: 100% three-year rating for 36-59 months of total returns, 60% five-year rating/40% three-year rating for 60-119 months of total returns, and 50% 10-year rating/30% five-year rating/20% three-year rating for 120 or more months of total returns. While the 10-year overall star rating formula seems to give the most weight to the 10-year period, the most recent three-year period actually has the greatest impact because it is included in all three rating periods.

These web pages are for informational or educational purposes only; they are not intended as investment advice and are not a recommendation about managing or investing your clients' retirement savings.  In providing this information, Pruco Life Insurance Company (in New York, Pruco Life Insurance Company of New Jersey), Newark, NJ and Prudential Annuities Distributors, Inc. are not acting as your clients' fiduciary as defined by any applicable laws and regulations.

Investors should consider the features of the contract and the underlying portfolios’ investment objectives, policies, management, risks, charges and expenses carefully before investing. This and other important information is contained in the prospectus, which can be obtained on the prospectus page or by contacting the National Sales Desk. Your clients should read the prospectus carefully before investing.

Issued on contracts: P-BBND(2/13), P-RID-LI-DB(5/14) et al, or state variation thereof.

For Compliance Use Only: 0308418-00002-00

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