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A lifetime income strategy with the flexibility to evolve with you.

 

Prudential MyRock Advisor Variable Annuity

MyRock offers an optional living benefit to give you a lifetime income solution that can evolve as your needs change. You can choose income that may change each year based on market performance.

MyRock is issued by Pruco Life Insurance Company and Pruco Life Insurance Company of New Jersey.

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MyRock offers you:

Lifetime Income

Add a lifetime income option to your financial planning

Income Choice and Control

Start your income stream at any time

Flexibility

Flexible features can change as your life evolves

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  • Manage your portfolio with a financial professional to help drive greater income.
  • Your annual income is influenced by the annual returns (net of fees) that you get from the investment options in your annuity. Although this gives you greater potential to grow your income, your income can also go down when you experience negative returns.
  • Get more opportunity to benefit from market ups because Income Withdrawals do not reduce the invested values. Note that your portfolio will be affected by market downs, too.**
  • Help your retirement income last longer because the value that determines your annual income is not reduced by your Income Withdrawals.
  • Have full flexibility and choice over when, if, and how much you take from your available annual income.
  • Receive income even if your account value is reduced to zero.
  • Add or remove the flexible spousal income protection option until your first Income Withdrawal.
  • Leave a legacy to loved ones with a built-in death benefit or, for an additional fee, an optional Return of Purchase Payments (ROP) Death Benefit.

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Making your money last longer when taking income

Hypothetical illustration showing how money lasts longer when taking income assuming Account Value and Income Base are equal and no withdrawals are taken at start of income withdrawal.

** income withdrawals, or income payments, are subject to contract rules.
 

This is a hypothetical example for illustrative purposes only. It does not reflect a specific annuity, an actual account value or the performance of any investment option. The illustration assumes no withdrawals were taken prior to the begining of income withdrawals. The Account Value and Income Base will always be equal prior to the start of income withdrawal.

The Dynamic Income Benefit is not available in New York.

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Talk to Your Registered Investment Advisor About Adding a Variable Annuity to Your Retirement Income Strategy

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Investment and Insurance Products:
Not FDIC insured   |   Not insured by any federal government agency
Not a deposit or other obligation of, or guaranteed by, the bank or any of its affiliates
Subject to investment risks, including possible loss of the principal amount invested

FAQ

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. You 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 you retire, your investment can be used to generate a stream of regular income payments that are guaranteed for as long as you live. In addition, variable annuities may provide a guaranteed death benefit for your beneficiaries. It's 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 you to use the benefits that are offered by a variable annuity, it is important to remember that all references to income certainty and 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.

Who can help me determine if an annuity is right for me?

A financial professional can help you determine if a variable annuity is suitable for you. Prudential Annuities and its distributors and representatives do not provide tax, accounting, or legal advice. Please consult your own attorney or accountant when making important investment decisions. Prudential Annuities does not provide investment advice. The selections you choose together with your financial professional are all dependent on your investment goals and your risk tolerance. You should carefully consider your financial needs before investing in annuity products and benefits.

What happens if I need access to my money?

There are limitations and restrictions when making withdrawals. 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 costs associated with the MyRock Advisor Variable Annuity?

MyRock Advisor is available at an annual insurance charge of 0.40% for net purchase payments less than $1 million, and 0.25% for net purchase payments of $1 million or greater, with additional fees related to the professionally managed investment portfolios. We reserve the right to increase the insurance charge for new contracts up to 2.00%. The Dynamic Income Benefit is available for an additional annual benefit charge of 0.40%. We reserve the right to increase the Dynamic Income Benefit charge for new elections of the benefit and, for existing contracts, after the third benefit year up to 1.00%.The Return of Purchase Payments Death Benefit is available for an additional annual benefit charge of 0.10%. We reserve the right to increase the benefit charge for new contracts up to 0.50%. Additional fees, such as withdrawal fees, transfer fees and administrative fees also apply. Please see the prospectus for additional information.

An additional Fund Access Charge will be charged for allocations to certain investment options and is detailed in the prospectus.

What are the limitations and restrictions I need to consider?

The product and/or optional benefits may not be available in every state and have requirements for election and other restrictions. 

What happens if I take excess withdrawals from my account?

With the Dynamic Income Benefit, Excess Income - Income Withdrawals in any benefit year, including withdrawals of Required Minimum Distributions (RMDs), that alone or in combination with other Income Withdrawals exceed the available Annual Income Amount (AIA) and any unused AIA - impacts the value of your benefit and can also affect the certainty of your income. If any excess income is taken, only the portion of the excess income that exceeds the remaining AIA will proportionally reduce your Income Base. If your excess income reduces the Account Value to zero, no further amount would be payable, and the benefit and the contract terminate. Please note that any withdrawals made before the first income withdrawal will reduce the Account Value and Income Base by that amount.

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 from your financial professional. Please read the prospectus carefully before investing.

This web page 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. If you would like information about your particular investment needs, please contact a financial professional.

Optional benefits may not be available in every state and have requirements for election and other restrictions. The Dynamic Income Benefit cannot be canceled in the first year following election; however upon specified events, we may terminate the benefit. Withdrawals from the annuity affect guarantees provided by the optional benefits. The benefit charges are in addition to fees and charges associated with the basic annuity. Please see the prospectus for more information.

Issued on contracts: ICC19‐P‐VA/IND(6/19), P‐VA/IND(6/19) or state variation thereof; P-VA/IND-DCD(11/20)-NY

Issued on riders: ICC19‐P‐RID‐LI(6/19), P‐RID‐LI(6/19) or state variation thereof; P-RID-LW(11/19), ICC19‐P‐SCH‐LI(6/19), P‐SCH‐LI(6/19) or state variation thereof; ICC19‐P‐RID‐ROP(6/19), P‐RID-ROP(8/19) or state variation thereof; ICC19‐P‐SCH‐ROP(6/19), P‐SCH‐ROP(6/19) or state variation thereof; P-RID-ROP(11/20)-NY

 

For compliance use only

1027537-6

1027537-00006-00

 

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