Asset Protection and Growth Opportunity. You Deserve Both.
PruSecure Fixed Indexed Annuity
You’ve worked hard for your money and want to protect and grow it for the future. But that can create a dilemma. Low-risk investments such as CDs and Treasury bonds offer little growth opportunity today, while investing in the stock market can be risky. But why should you have to sacrifice one for the other?
If you’re looking to protect your money from market loss and still want the potential to grow your money, the PruSecure® Fixed Indexed Annuity offers you both.
Annuities are issued by Pruco Life Insurance Company.
If the index decreased by any amount at all, you lose nothing — whether you chose the cap rate or participation rate, you are protected by the floor.
If the index increased by 3%, an amount that is less than the cap rate of 4%, the interest credited would be 3%. Interest credited with the participation rate would be 30% of the 3% increase, which equals 0.90%.
If the index increased by 20% — which is greater than the cap rate of 4% — the interest credited would be 4%. Interest credited with the participation rate would be 30% of the 20% increase, which equals 6%.
* Because qualified retirement plans, IRAs, and annuities offer a tax-deferral feature, you should carefully consider the other features, benefits, risks, and costs associated with an annuity before purchasing one in either a qualified plan or an IRA. Before purchasing an annuity, you should take full advantage of your 401(k) and other qualified plans.
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.
- 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 money against loss with the opportunity for it to grow based on the performance of a specific market index, or combination of indices. With an FIA, your money is not actually invested in any index, but rather may earn interest based on the index’s performance. There may typically be upper limits known as cap rates and participation rates, 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 which is also available from your financial professional.
- Why does the company behind the annuity matter?
When the time comes for you to use the benefits that are offered by an annuity, it is important to remember that all guarantees are backed by the claims-paying ability of the issuing insurance company.
- Who can help me determine if an annuity is right for me?
Your financial professional can help you determine if an 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.
- What happens if I need access to my money?
After the first contract year, you 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 you need more than the Free Withdrawal Amount, or want to take a withdrawal in the first year, you can withdraw as much of your account value as you need, but keep in mind that surrender charges and a Market Value Adjustment (MVA) will apply. If you make a full withdrawal of your annuity, you will receive the greater of your account value (minus any surrender charges and adjusted by any applicable MVA) and your Minimum Guaranteed Surrender Value. Also, it’s important to note that if you take a withdrawal or annuitize your contract, taxes will apply. The tax treatment will differ depending on whether you purchased your annuity with pre-tax (qualified) or after-tax (non-qualified) dollars. Please consult your tax advisor for more 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 taken during the surrender charge period, excluding any Required Minimum Distributions (RMDs), will be subject to any applicable surrender charges and a Market Value Adjustment (MVA).
- Does PruSecure charge fees?
One of the advantages of PruSecure is that there are no annual contract or administrative fees. However, if you withdraw any of your money during the first contract year or more than 10% of your money in any subsequent year during the surrender charge period, there may be a surrender charge. A positive or negative MVA may also apply.
- What are the limitations and restrictions I need to consider?
At the time you purchase your contract, you may select a 5- or 7-year surrender charge period, which is the amount of time you must wait until you can withdraw funds from your annuity without facing a penalty charge. Typically, the longer the surrender charge period, the higher the fixed rates and index-based cap rates and participation rates. During this period, if you withdraw any or all of the money from your annuity, surrender charges and a Market Value Adjustment (MVA) will apply. (See Important Information Disclosure Statement PDF opens in a new window for additional information about MVAs.)
In cases where the duration of your index term is shorter than the length of your surrender charge period, you may need to renew or reallocate your strategy selections one or more times before your surrender charge period ends. When you renew or reallocate, you 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.
Annuities are issued by Pruco Life Insurance Company , Newark, NJ (main office). Pruco Life Insurance Company is a Prudential Financial Company and is soley responsible for its own financial condition and contractual obligations.
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 21 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: The "S&P 500® Index" and "Dow Jones® U.S. Real Estate Index" are products of S&P Dow Jones Indices LLC, a division of S&P Global, or its affiliates ("SPDJI"), and have been licensed for use by Pruco Life Insurance Company. Standard & Poor's® and S&P® are registered trademarks of Standard & Poor's Financial Services LLC, a division of S&P Global ("S&P"); Dow Jones® is a registered trademark of Dow Jones Trademark Holdings LLC ("Dow Jones"). Pruco Life Insurance Company's Product(s) is not sponsored, endorsed, sold or promoted by SPDJI, Dow Jones, S&P, or their respective affiliates, and none of such parties make any representation regarding the advisability of investing in such product(s) nor do they have any liability for any errors, omissions, or interruptions of the S&P 500® Index and Dow Jones® U.S. Real Estate Index.
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 Pruco Life Insurance Company 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 Pruco Life Insurance Company. Neither Bloomberg nor UBS Securities LLC and its affiliates (collectively, "UBS") are affiliated with Pruco Life Insurance Company, and Bloomberg and UBS do not approve, endorse, review, or recommend PruSecure. Neither Bloomberg nor UBS guarantees the timeliness, accurateness, or completeness of any data or information relating to Bloomberg Commodity IndexSM.
Bloomberg U.S. Intermediate Credit Index: BLOOMBERG® is a trademark and service mark of Bloomberg Finance L.P. and its affiliates (collectively "Bloomberg"). Bloomberg or Bloomberg's licensors, own all proprietary rights in the Bloomberg Indices. Bloomberg is not affiliated with Pruco Life Insurance Company nor approves, endorses, reviews or recommends PruSecure. Bloomberg does not guarantee the timeliness, accurateness or completeness of any data or information relating to the Bloomberg U.S. Intermediate Credit Index, and shall not be liable in any way to or Pruco Life Insurance Company investors in or owners of PruSecure or other third parties in respect of the use or accuracy of the Bloomberg U.S. Intermediate Credit Index or any data included therein.
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.
Your needs and suitability of annuity products and benefits should be carefully considered before investing.
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 the following contracts:
Contract: ICC21-P-FIAE(10/21), P-FIAE/IND(10/21) or state variation thereof.
Endorsements: ICC21-P-FIA-MVA(10/21), ICC21-P-FIA-P2P(10/21), ICC21-P-FIA-P2P-PAR(10/21), P-END-FIA-MVA(10/21), P-END-FIA-P2P(10/21), P-END-FIA-P2P-PAR(10/21) or state variation thereof with schedules ICC21-P-FIA-MVA-SCH(10/21), ICC21-P-FIA-P2P-SCH(10/21), ICC21-P-FIA-P2P-PAR-SCH(10/21), P-END-FIA-MVA-SCH(10/21), P-END-FIA-P2P-SCH(10/21), P-SCH-FIA-P2P-PAR(10/21)