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Daily Income Growth, Lifetime Income Flexibility Prudential Fixed Annuity with Daily Advantage Income BenefitSM

A flexible annuity solution that provides clients guaranteed lifetime income now or whenever they’re ready. It also includes daily growth of future income until income begins, with no exposure to market risk.

See how it works          See current rates  PDF opens in a new window

You must refer to the state availability table to determine which issuing company is available in a client's state to ensure acceptance of proper paperwork. Prudential Fixed Annuity with Daily Advantage Income Benefit contracts can only be issued by either Pruco Life Insurance Company or Prudential Annuities Life Assurance Corporation (except in NY). Please click here to determine which company is currently offering Prudential Fixed Annuity with Daily Advantage Income Benefit.

State Availability by Issuing Company  PDF opens in a new window         Transition Rules  PDF opens in a new window

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Call 844-408-0403 to learn more      Sign in

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Prudential Fixed Annuity with Daily Advantage Income Benefit offers clients:

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Lifetime Income

Guaranteed lifetime income that’s predictable – whether clients choose to start it now or let it grow for the future

Guaranteed DAILY Growth

The client’s future income amount is guaranteed to increase DAILY, regardless of market performance, until they start taking income


Client account values are protected from market risk – and accessible any time before or after income begins*


Clients control when they start income and how much of it they’ll take each year. Any amount not taken is carried over into future years, and clients can use it how and when they want

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Income now or whenever

With Daily Advantage Income, clients can begin taking income immediately, or whenever they are ready. Every day they wait means guaranteed daily growth of their lifetime income until they start taking income.

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The 365 Day Advantage

Compared to other annuities that credit income growth annually on the contract anniversary, Daily Advantage Income enhances the client’s
lifetime income by crediting guaranteed income growth DAILY. This means they lock in more lifetime income 365 days a year – not just once
a year – giving them the flexibility to retire on their own terms and still receive more income for life.


Daily Crediting: Guaranteed income growth is credited every day – clients can start income
any day during their contract year and still receive more income for life
Annual Crediting: Guaranteed income growth is credited once a year – meaning clients have
to wait until their contract anniversary to receive an increased Guaranteed Income Amount


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Daily crediting vs Annual Crediting


Daily Crediting

Annual Crediting

63 $5,350 $5,350
64 $5,671 $5,671
64.5 $5,831 $5,671
Daily advantage income provides $160 more guaranteed income, every year of life.

For illustrative purposes only. In this example, we are assuming: $100,000 Total Purchase Payments, single coverage, 5.35% Withdrawal Percentage, 6.00% Income Growth Rate, no withdrawals before Lifetime Withdrawals begin. The initial Guaranteed Income Amount could be more or less, depending on circumstances. Please note some of the values have been rounded down for illustrative purposes. Rates are subject to change.


Contact your wholesaler or call us at 844-408-0403
to run a custom illustration


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Helping Clients Have Income Their Way

After clients start their Lifetime Withdrawals from Daily Advantage Income, they can control how much of it they want to receive each year. If they take less than their annual Guaranteed Income Amount, they can “store” the unused amount for future use. Any stored amount is theirs to withdraw without penalty whenever they want.
Available Guarantted Income Amount

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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 844-408-0403

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Prudential Fixed Annuity Specifications

Prudential Fixed Annuity Specifications



Minimum Purchase Payments

Initial: $25,000 / Subsequent: $100
Subsequent purchase payments are permitted in the first 60 days from contract issue

Issue Ages
May vary by broker-dealer

Minimum: 45 / Maximum: 85

  • If the contract is jointly owned, the Issue Age is based on the age of the oldest owner
  • Contracts may not be issued on or after the 86th birthday of the oldest of all owners and annuitants

Interest Crediting
Amount of credited interest to the Account Value during the initial crediting period

  • The initial Interest Crediting Rate is compounded and credited daily to the Account Value to reach the annual effective yield as specified in the contract
  • Initial crediting period is 7 years. Rates are established at issue. See rate sheet for current rates
  • At the end of the Initial Crediting Period, a renewal rate will be assigned every year thereafter and guaranteed for one year

Guaranteed Minimum Interest Rate

The renewal rate will never be less than the Guaranteed Minimum Interest Rate specified in the contract

Minimum Guaranteed Surrender Value

Upon surrender, death, or annuitization, the client will never receive less than the Minimum Guaranteed Surrender Value which is equal to 87.5% of the Total Purchase Payment(s), less any net withdrawals, accumulating at a fixed interest rate credited daily at the annual yield of at least 1.00%

Free Withdrawals
Amount available to withdraw each contract year without Surrender Charges or Market Value Adjustment

  • 10% of total Purchase Payment(s) allowed in the first contract year
  • After the first contract year, the client may withdraw up to 10% of the Account Value on the previous contract anniversary

Surrender Charge Period and Schedule
Charge that is deducted for surrenders or withdrawals greater than the Free Withdrawal Amount during the seven-year Initial Crediting Period

The Surrender Charge is determined by applying the applicable Surrender Charge percentage to the amount of the withdrawal or surrender that exceeds the Free Withdrawal amount.
The Surrender Charge schedule is as follows:

Contract Year








After year 7 

Surrender Charge 










Market Value Adjustment (MVA)
A positive or negative adjustment (depending on the current interest rate environment) that applies to any withdrawals that exceed the Free Withdrawal Amount during the Surrender Charge Period

  • Generally, if interest rates have remained the same or risen since contract issue at the time of withdrawal, the MVA will reduce the amount distributed
  • If interest rates have fallen, the MVA can increase the amount distributed, up to a specified maximum
  • The MVA will never cause the Surrender Value to be less than the Minimum Guaranteed Surrender Value and does not apply to:
    •  Required Minimum Distributions (RMDs) that Prudential calculates
    •  Medically related surrenders
    •  Death Benefit proceeds

Latest Annuity Date
When annuity payments must begin

No later than the first contract anniversary on or after the oldest owner or annuitants’ 95th birthday

Death Benefit
The amount beneficiaries will receive

  • Equal to the greater of the Account Value, or the Minimum Guaranteed Surrender Value or Stored Income (if applicable)
  • If the contract is co-owned with a spouse, the Death Benefit is payable upon the death of the first owner



Daily Advantage Income Benefit Specifications

Daily Advantage Income Benefit Specifications



Guaranteed Lifetime Withdrawal Benefit (GLWB)

  • Automatically elected with the purchase of the contract
  • May be canceled after 5 years and cannot be re-elected – the final benefit charge will be prorated upon cancellation

Annual Benefit Charge

The annual benefit charge for both single and spousal contracts is equal to 0.95% of the Account Value on the contract anniversary and is deducted on the contract anniversary

Guaranteed Income Amount (GIA)
The amount of lifetime income available to the client every year for life

  • The initial Guaranteed Income Amount is equal to the total Purchase Payment(s) multiplied by the applicable age-based Withdrawal Percentage
  • The Guaranteed Income Amount continues to grow daily by an annualized simple fixed interest rate (the Income Growth Rate) until the client begins taking Lifetime Withdrawals

Withdrawal Percentages
A factor used to determine the initial Guaranteed Income Amount

  • Based on the youngest Designated Life’s age, on the issue date and the selection of single life or spousal lives
  • The client may change their choice between single and spousal at any time prior to taking Lifetime Withdrawals
  • Rates are established at issue. See rate sheet for current rates

Income Growth Rate
Annualized rate of simple interest credited daily to the Guaranteed Income Amount until Lifetime Withdrawals begin

  • Prior to the first Lifetime Withdrawal, the Guaranteed Income Amount will increase by the Income Growth Rate credit every day
  • The amount credited each day is reduced by any Non-Lifetime Withdrawals
  • The daily credited value is calculated by multiplying the initial Guaranteed Income Amount by the Income Growth Rate, divided by 365 days (366 in a leap year)
  • Rates are established at issue. See rate sheet for current rates

Non-Lifetime Withdrawals
Withdrawals prior to beginning Lifetime Withdrawals

  • The client is allowed an unlimited number of Non-Lifetime Withdrawals prior to beginning Lifetime Withdrawals
  • These withdrawals proportionately reduce the Income Growth amount credited and permanently reduce the Guaranteed Income Amount for future years, but do not stop the daily growth of the Guaranteed Income Amount
  • Non-Lifetime Withdrawals above the Free Withdrawal Amount reduce all benefit guarantees by the percentage the withdrawal represents of the current Account Value and are subject to applicable Surrender Charges and Market Value Adjustment
  • A Non-Lifetime Withdrawal that reduces the Account Value to zero will terminate the benefit and contract

Lifetime Withdrawals

  • Once the first lifetime income withdrawal is taken, the GIA is set and will no longer increase based on the Income Growth Rate, but it may be reduced for excess withdrawals.
  • The client may change between single and spousal designated lives up until they take their first Lifetime Withdrawal
  • Guaranteed lifetime income withdrawals continue throughout the lifetime of the covered person(s)

Income Reserve Feature and Stored Income
Availability may vary by broker/dealer

  • With the Income Reserve feature, once Lifetime Withdrawals have begun and as long as there is still an Account Value, if the full Guaranteed Income Amount has not been taken in any given contract year, the unused portion is automatically carried over into future years as “Stored Income”
  • Stored Income is a tracked value within the Account Value composed of the cumulative total of any carried over portion(s) of annual Guaranteed Income Amount(s) that:
    •  Is not subject to tax implications until the client decides to withdraw it
    •  Must be withdrawn or used as the one-time increase to the Guaranteed Income Amount prior to electing to receive annuity payments or before the Account Value is reduced to zero
  • Any withdrawals are taken first from the Guaranteed Income Amount, and then any available Stored Income
  • Any amount withdrawn from Stored Income:
    •  Does not count toward the available Free Withdrawal amount
    •  Is not treated as Excess Income

Excess Income
Occurs when cumulative Lifetime Withdrawals in a particular year exceed the Guaranteed Income Amount and if applicable, any Stored Income

  • Withdrawals of Excess Income proportionately reduce the value of the Guaranteed Income Amount in future years
  • The Guaranteed Income Amount is proportionally reduced by the ratio of the Excess Income to the Account Value immediately after any Lifetime Withdrawal and prior to the withdrawal of Excess Income
  • If Excess Income reduces the Account Value to zero, no further amount would be payable and the contract would terminate
  • Required Minimum Distributions calculated by Prudential are not considered Excess Income

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Why You Should Work With Prudential

It’s simple.
We're a leading voice in the income planning conversation.

We’ve got a whole suite of programs to help educate and engage clients. Ways to get the conversation started. A full toolkit to help you every step of the way, from awareness to consideration to conversion to loyalty to advocacy.

  • The Conversations campaign talks about what annuities are and why income for life is so important.
  • The Value of an Annuity program highlights the positive financial and emotional impact protected monthly income can have on clients’ retirement.
  • The Retirement Red Zone® focuses on the critical time when clients need a strategy for turning their savings into income that can last a lifetime.
  • The Women's program provides a toolkit to help you engage more women in important conversations about retirement and protected lifetime income.

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Annuities are issued by Pruco Life Insurance Company located in Newark, NJ (main office) or by Prudential Annuities Life Assurance Corporation (except in NY) located in Shelton, CT. (main office). Both are Prudential Financial companies and each is solely responsible for its own financial condition and contractual obligations. Prudential Annuities is a business of Prudential Financial, Inc.

This material is being provided for informational or educational purposes only and does not take into account the investment objectives or financial situation of any client or prospective clients. The information is not intended as investment advice and is not a recommendation about managing or investing your retirement savings. Clients seeking information regarding their particular investment needs should contact a financial professional.


* Withdrawals may be subject to surrender charges and a Market Value Adjustment. Please see the product brochure and the Important Information Disclosure Statement PDF opens in new window for additional information.

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. Withdrawals taken during the surrender charge period, excluding any Required Minimum Distributions (RMDs) calculated by Prudential, will be subject to any applicable surrender charges and a Market Value Adjustment (MVA).

May not be available in all states or broker dealers.

All references to guarantees, including the benefit payment obligations arising under the annuity contract guarantees, rider guarantees, any fixed account crediting rates and annuity payout rates are backed by the claims-paying ability of Pruco Life Insurance Company or Prudential Annuities Life Assurance corporation. Those payments and the responsibility to make them are not the obligations of the third party broker/dealer from which this annuity is purchased or any of its affiliates.

Rates are subject to change at any time. Please refer to the current rate sheet for more information.

Prudential Annuities and its distributors and representatives do not provide tax, accounting, or legal advice. Please have clients consult their own attorney or accountant.

For Financial Professional Use Only. Not for Use with the public.


For Compliance Use Only: 1033289-00002-00

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