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Protection and growth opportunity in one

PruSecure Fixed Indexed Annuity

Your clients have worked hard for their money and want to protect and grow it for the future. But that can create a dilemma. Low-risk investments today offer little growth opportunity, while investing in the stock market can be risky.  But why should they have to sacrifice one for the other?

If your clients are looking to protect their money from market loss and still want the potential for growth, the PruSecure Fixed Indexed Annuity offers them both.


See current PruSecure rates and caps PDF opens in a new window

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Call 833-813-2444 to register or     Sign in

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PruSecure offers your clients:

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Guaranteed Protection

Their original premium payment and all growth are fully protected against market loss

Growth Opportunity

Their money can grow based on the performance of a market index or indices of their choice

Legacy Protection with a Difference

If they pass away during their index period, their beneficiaries get a portion of any index growth up to that point

Tax Deferral

They pay no taxes on any growth until they make a withdrawal

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How PruSecure Works

  • PruSecure offers two different ways for your clients to potentially grow their money: an “index-based” strategy and a “fixed rate” strategy. They decide the percentage of their money to allocate to each and the term of each index-based strategy.

  • Money in the fixed rate strategy is guaranteed to grow at a predetermined interest rate for a period of one year. Funds allocated to the index-based strategies have the potential to grow based on the performance of their chosen indices, comparing the value on the first day to the value on the last day of their 1-, 3-, or 5-year* term. We call this “point-to-point” crediting.

*The 5-year index term can only be elected at contract issue and cannot be renewed.

  • At the time your clients purchase a contract, they select a 5- or 7-year surrender charge period, which is the amount of time they must wait until they can withdraw funds from the annuity without facing a penalty charge.

  • Any withdrawal taken during an index term will not be eligible to receive interest at the end of the index term. Withdrawals taken during the surrender charge period will be subject to surrender charges and a Market Value Adjustment.

  • Upon renewal or reallocation at the end of a term, your clients may continue with the same strategy and allocation, or choose from the other strategies and terms available at that time.

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Example: How Your Clients’ Money Can Grow

Your clients' money is not actually invested in any index, but may earn interest based on the index’s performance:

  • A “cap" limits the amount of potential interest credited in a given period
  • A “ floor” offers downside protection

In this example, the cap is 4%. The floor is always 0%.

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Number 1

If the index decreased by any amount at all (-6%), your client loses nothing (0%)

Number 2

If the index increased by an amount (3%) less than the cap rate (4%), the credited interest rate will be the same as the index percentage change (3%)

Number 3

If the index increased by an amount (6%) equal to or greater than the cap rate (4%), the credited interest rate will be equal to the cap (4%)

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This is a hypothetical example for illustrative purposes only. It does not reflect a specific annuity or an actual account value. Actual caps may be higher or lower.

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Why choose PruSecure

PruSecure is issued by Prudential Annuities Life Assurance Corporation and offers your clients these distinct advantages when compared with other Fixed Indexed Annuities:

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Prudential Brand

For over 140 years, Prudential's Rock symbol has been an icon for financial strength and stability. As you help your clients plan for a more secure tomorrow, you'll want to work with a company you know and trust.

Greater Growth Opportunity

In addition to one-year index term options, PruSecure offers three- and five-year index term options, generally offering more upside potential.

Simplicity

One crediting strategy - point to point - makes it easier for you to explain and clients to understand.

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Flexibility

Mix and match indices and index term options to create a customized strategy that helps meet your clients’ needs.

Legacy Protection with a Difference

Unlike standard death benefits that provide only the greater of premiums paid or current account value, if your client passes away during their index term, their beneficiaries will also receive a portion of any index growth up to that point.

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Who can best benefit from PruSecure?

PruSecure was designed to meet the needs of clients who are:

  • Conservative, risk averse, or uncomfortable with the idea of losing money, but still want the potential to grow it
  • Looking for a way to protect and potentially grow a portion of their income-producing assets earmarked for retirement
  • Frustrated with the minimal returns they are receiving in today's low interest rate environment

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Tools to help educate your clients

Use our secure online experience to:

  • Access PruSecure illustrations
  • Download marketing material
  • Service your existing Prudential Annuities clients

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PruSecure Fixed Indexed Annuity At-A-Glance

PruSecure Fixed Indexed Annuity

Features

Specifications

Minimum Premium Payment

Initial: $25,000
Subsequent: Not Permitted

Issue ages

Minimum: None / Maximum: 85
Contracts may not be issued on or after the 86th birthday of the oldest of all owners and annuitants

Latest annuity date

No later than the first contract anniversary on or after the oldest owner's or annuitant's 95th birthday

 

Crediting Strategies & Terms

Index-Based Strategy with Point-to-Point Crediting

S&P 500®**

1-Year Term

3-Year Term

5-Year Term*

MSCI EAFE**

1-Year Term

3-Year Term

5-Year Term*

Dow Jones® U.S. Real Estate**

1-Year Term

3-Year Term

No Data

Bloomberg CommoditySM**

1-Year Term

3-Year Term

No Data

Fixed Rate Strategy

Fixed Rate Account

1-Year Term

No Data

No Data

* The 5-year index term can only be elected at contract issue and cannot be renewed.
** The websites referenced above are not endorsed or supported by any of the Prudential Financial companies. Marketing and training materials contained on these websites need to be approved by the Prudential Annuities Marketing Compliance Unit prior to use.

 

 

Minimum Renewal
Cap & Fixed Rates

Index-Based Strategy

  • Minimum renewal cap during 5-year surrender charge period 1.00%; after surrender charge period 1.00%
  • Minimum renewal cap during 7-year surrender charge period 2.00%; after surrender charge period 1.00%

Fixed Rate Strategy

  • Minimum renewal fixed rate during the surrender charge period 1.00%; after surrender charge period 0.05%

Surrender Charge Options
Rates will vary based on the surrender charge option chosen

5 years: 9%, 9%, 8%, 7%, 6%

7 years: 9%, 9%, 8%, 7%, 6%, 5%, 4%

Market Value Adjustment (MVA)

  • Withdrawals in excess of the free withdrawal amount are subject to an MVA during the surrender charge period
  • This adjustment may either increase or decrease the amount withdrawn and is determined by a formula that is tied to the Bloomberg Barclays U.S. Intermediate Credit Index; MVA may not apply in all states

Free Withdrawals

After the 1st contract year, clients may withdraw up to 10% of the account value (based on the previous contract anniversary, after all index/interest credits are applied) without surrender charges or MVA. During the 1st contract year, any withdrawals are subject to surrender charges and MVA.

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Other PruSecure Fixed Indexed Annuities

PruSecure Advisor Fixed Indexed Annuity

Available through a Registered Investment Advisor and offers similar features and options as the PruSecure Fixed Indexed Annuity.

 

See current PruSecure Advisor rates and caps PDF opens in a new window

 

PruSecure Fixed Indexed Annuity

Features

Specifications

Minimum Premium Payment

Initial: $25,000
Subsequent: Not Permitted

Issue ages

Minimum: None / Maximum: 85
Contracts may not be issued on or after the 86th birthday of the oldest of all owners and annuitants

Latest annuity date

No later than the first contract anniversary on or after the oldest owner's or annuitant's 95th birthday

 

Crediting Strategies & Terms

Index-Based Strategy with Point-to-Point Crediting

S&P 500®**

1-Year Term

3-Year Term

5-Year Term*

MSCI EAFE**

1-Year Term

3-Year Term

5-Year Term*

Dow Jones® U.S. Real Estate**

1-Year Term

3-Year Term

No Data

Bloomberg CommoditySM**

1-Year Term

3-Year Term

No Data

Fixed Rate Strategy

Fixed Rate Account

1-Year Term

No Data

No Data

* The 5-year index term can only be elected at contract issue and cannot be renewed.
** The websites referenced above are not endorsed or supported by any of the Prudential Financial companies. Marketing and training materials contained on these websites need to be approved by the Prudential Annuities Marketing Compliance Unit prior to use.

 

 

Minimum Renewal
Cap & Fixed Rates

Index-Based Strategy

  • Minimum renewal cap during 5-year surrender charge period 1.00%; after surrender charge period 1.00%
  • Minimum renewal cap during 7-year surrender charge period 2.00%; after surrender charge period 1.00%

Fixed Rate Strategy

  • Minimum renewal fixed rate during the surrender charge period 1.00%; after surrender charge period 0.05%

Surrender Charge Options
Rates will vary based on the surrender charge option chosen

5 years: 2%, 2%, 2%, 2%, 2%

7 years: 2%, 2%, 2%, 2%, 2%, 2%, 2%

Market Value Adjustment (MVA)

  • Withdrawals in excess of the free withdrawal amount are subject to an MVA during the surrender charge period
  • This adjustment may either increase or decrease the amount withdrawn and is determined by a formula that is tied to the Bloomberg Barclays U.S. Intermediate Credit Index; MVA may not apply in all states

Free Withdrawals

After the 1st contract year, clients may withdraw up to 10% of the account value (based on the previous contract anniversary, after all index/interest credits are applied) without surrender charges or MVA. During the 1st contract year, any withdrawals are subject to surrender charges and MVA.

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PruSecure Select Fixed Indexed Annuity

Available through certain broker/dealers and offers select index-based strategies and terms.

 

See current PruSecure Select rates and caps PDF opens in a new window

 

PruSecure Select Indexed Annuity

Features

Specifications

Minimum Premium Payment

Initial: $25,000
Subsequent: Not Permitted

Issue ages

Minimum: None / Maximum: 85
Contracts may not be issued on or after the 86th birthday of the oldest of all owners and annuitants

Latest annuity date

No later than the first contract anniversary on or after the oldest owner's or annuitant's 95th birthday

 

Crediting Strategies & Terms

Index-Based Strategy with Point-to-Point Crediting            

S&P 500®**

1-Year Term                                         

Dow Jones® U.S. Real Estate**               

1-Year Term

Fixed Rate Strategy

Fixed Rate Account

1-Year Term

** The websites referenced above are not endorsed or supported by any of the Prudential Financial companies. Marketing and training materials contained on these websites need to be approved by the Prudential Annuities Marketing Compliance Unit prior to use.

 

 

Minimum Renewal
Cap & Fixed Rates

Index-Based Strategy

  • Minimum renewal cap during 5-year surrender charge period 2.00%; after surrender charge period 1.00%
  • Minimum renewal cap during 7-year surrender charge period 3.00%; after surrender charge period 1.00%

Fixed Rate Strategy

  • Minimum renewal fixed rate during the surrender charge period 1.00%; after surrender charge period 0.05%

Surrender Charge Options
Rates will vary based on the surrender charge option chosen

5 years: 9%, 9%, 8%, 7%, 6%

7 years: 9%, 9%, 8%, 7%, 6%, 5%, 4%

Market Value Adjustment (MVA)

  • Withdrawals in excess of the free withdrawal amount are subject to an MVA during the surrender charge period
  • This adjustment may either increase or decrease the amount withdrawn and is determined by a formula that is tied to the Bloomberg Barclays U.S. Intermediate Credit Index; MVA may not apply in all states

Free Withdrawals

After the 1st contract year, clients may withdraw up to 10% of the account value (based on the previous contract anniversary, after all index/interest credits are applied) without surrender charges or MVA. During the 1st contract year, any withdrawals are subject to surrender charges and MVA.

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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 833-813-2444

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footnote

What is a fixed indexed annuity?

A fixed indexed annuity (FIA) is a tax-deferred financial tool designed for the long term. It offers a level of protection for your clients’ money against loss with the opportunity for it to grow based on the performance of a specific market index, or combination of indices. With a FIA, your clients’ money is not actually invested in any index, but rather may earn interest based on the index’s performance. There is typically an upper limit, known as a "cap," on the amount of potential interest credited in a given period, as well as a "floor" that offers downside protection. For complete information about the annuity, please refer to the Important Information Disclosure Statement PDF opens in a new window.

Why does the company behind the annuity matter?

When the time comes for your clients to use the benefits that are offered by an annuity, it is important to remember that all guarantees including the optional benefits are backed by the claims-paying ability of the issuing company.

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

It's up to you to determine if a fixed indexed 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?

After the 1st contract year, your clients may withdraw up to 10% of the account value (based on the previous contract anniversary, after all index/interest credits are applied) without surrender charges or MVA. If they need more than the Free Withdrawal Amount or want to take a withdrawal in the first year, they can withdraw as much of the account value as they need, but keep in mind that surrender charges and a Market Value Adjustment (MVA) will apply. If they make a full withdrawal of the annuity, they will receive the greater of the account value (minus any surrender charges and adjusted by any applicable MVA) and the Minimum Guaranteed Surrender Value. Also, it’s important to note that if they take a withdrawal or annuitize the contract, taxes will apply. The tax treatment will differ depending on whether they purchased the annuity with pre-tax (qualified) or after-tax (non-qualified) dollars. Your clients should consult a tax advisor for more information.

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 death benefit.

What are the fees associated with the PruSecure Fixed Indexed Annuity?

One of the advantages of PruSecure is that there are no annual contract or administrative fees. However, if your clients withdraw any of their money during the first contract year or more than 10% of their money in any subsequent year during the surrender charge period, there will be a surrender charge. A positive or negative Market Value Adjustment will also apply. Please see the Important Information Disclosure Statement PDF opens in a new window for additional information.

What are the limitations and restrictions I need to consider?

At the time your clients purchase the contract, they may select a 5- or 7-year surrender charge period, which is the amount of time they must wait until they can withdraw funds from their annuity without facing a penalty charge. Typically, the longer the surrender charge period, the higher the fixed rates and index-based caps. During this period, if they withdraw any or all of the money from the annuity, surrender charges and a Market Value Adjustment will apply. (See Important Information Disclosure Statement for additional information about MVAs.) In cases where the duration of the index term is shorter than the length of the surrender charge period, your clients may need to renew or reallocate their strategy selections one or more times before the surrender charge period ends. Upon renewal or reallocation, your clients may continue with the same strategy and allocation, or choose from the other strategies and terms available at that time.

It is not possible to invest directly in an index.

All products and/or options may not be available in all states or with all broker/dealers.

 

Bloomberg Commodity Index reflects changes in a broad range of commodity futures prices, from crude oil and coffee to gold and cattle. Dow Jones® U.S. Real Estate Index is designed to track the performance of Real Estate Investment Trusts (REITs) and other companies that invest directly or indirectly in real estate through development, management, or ownership, including property agencies.

MSCI EAFE (Europe, Australasia, Far East) is a widely accepted benchmark for international stock performance. It is a free float-adjusted market capitalization index that is designed to measure the equity market performance of 22 developed markets, excluding the U.S. and Canada.

S&P 500® Index is a market capitalization-weighted index of the 500 widely held stocks often used as a proxy for the stock market. S&P chooses the member companies for the 500 based on market size, liquidity and industry group representation.

S&P 500® Index and Dow Jones® US Real Estate Index: S&P® and Dow Jones® are trademarks of Standard & Poor’s Financial Services LLC ("Standard & Poor’s") and have been licensed for use by Prudential Annuities Life Assurance Corporation. PruSecure Fixed Indexed Annuities are not sponsored, endorsed, sold or promoted by Standard & Poor’s and Standard and Poor’s makes no representations regarding the advisability of purchasing PruSecure Fixed Indexed Annuities.

MSCI EAFE Index: The annuity contract referred to herein is not sponsored, promoted or endorsed by MSCI, and MSCI bears no liability with respect to any such annuity contract or any index referred to by any such annuity contract. The Disclosure Statement contains a more detailed description of the limited relationship MSCI has with Prudential Annuities Life Assurance Corporation and any related annuity contracts.

Bloomberg Commodity IndexSM: "Bloomberg®" and "Bloomberg Commodity IndexSM" are service marks of Bloomberg Finance L.P. and its affiliates (collectively, "Bloomberg") and have been licensed for use for certain purposes by Prudential Annuities Life Assurance Corporation. Neither Bloomberg nor UBS Securities LLC and its affiliates (collectively, "UBS") are affiliated with Prudential Annuities Life Assurance Corporation, and Bloomberg and UBS do not approve, endorse, review, or recommend PruSecure Fixed Indexed Annuities. Neither Bloomberg nor UBS guarantees the timeliness, accurateness, or completeness of any data or information relating to Bloomberg Commodity IndexSM.

CDs are FDIC-insured up to $250,000 per financial institution, and there may be a penalty for early withdrawal. Fixed indexed annuities are not FDIC-insured and have limitations and surrender charges.

This material may not be approved in all states.

Issued on contracts: ICC17-FIAE(11/17), FIAE/IND(11/17), ICC17-FIAS(11/17), FIAS/IND(11/17), ICC17-FIAA(11/17), FIAA/IND(11/17) et al. or state variation thereof.

Issued on endorsements: ICC17-FIA-P2P(11/17), ICC17-FIA-MVA(11/17), et al. or END-FIA-MVA(11/17) et al. or state variation thereof with schedules ICC17-FIA-P2P-SCH(11/17), ICC17-FIA-MVA-SCH(11/17), et al. or END-FIA-MVA-SCH(11/17) et al. or state variation thereof.

 

For Compliance Use Only: 0313659-00003-00

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