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Protection and growth opportunity in one

SurePath Fixed Indexed Annuity

You have worked hard for your 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 you have to sacrifice one for the other?

The SurePath® Fixed Indexed Annuity offers you both protection from market volatility and opportunity for growth over the long term.


Issued by Pruco Life Insurance Company.

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SurePath Offers You:

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Tax Deferral

You pay no taxes on any growth until you make a withdrawal

Legacy Protection with a Difference

If you pass away during your index period, your beneficiaries get a portion of any index growth

Guaranteed Protection

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

Growth Opportunity

Your money can grow based on the performance of a market index or crediting strategy of your choice

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Watch this video to learn how SurePath can help you get the principal protection you need and growth opportunity you want

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How SurePath Works

  • SurePath offers two different ways for you to potentially grow your money: an “index-based” strategy and a “fixed rate” strategy. You decide the percentage of your 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 your chosen indices, comparing the value on the first day to the value on the last day of their 1- or 3-year term. We call this “point-to-point” crediting.
  • At the time you purchase a contract, you select a 7- or 10-year surrender charge period, which is the amount of time you must wait until you can withdraw funds from the annuity without facing a potential penalty charge, known as a surrender 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 may be subject to surrender charges and a Market Value Adjustment.*
  • Upon renewal or reallocation at the end of a term, you may continue with the same strategy and allocation, or choose from the other strategies and terms available at that time.
*Market Value Adjustment (MVA) – A positive or negative adjustment that applies during the surrender charge period to any withdrawals that exceed the Free Withdrawal Amount.

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Example: How Your Money Can Grow

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

  • The cap rate is the maximum amount of interest that can be credited during a specific index term.
  • The participation rate is the percentage of any index increase used to calculate the interest that will be credited for a specific index term.
  • A floor offers 100% downside protection in the event of a market loss.


In this example the cap rate is 4% and the participation rate is 30%. The floor is always zero.

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Year 1

If the index decreases by any amount

If the index decreased by any amount at all, you lose nothing – whether you choose the cap rate or the participation rate – as you are protected by the floor.

Year 2

If we assume a 3% index increase:

  • The cap rate would create 3% interest credited.
  • The participation rate would create 0.9% interest credited (30% x 3%).
Year 3

If the index increased by 20%:

  • The cap would create 4% interest credited.
  • The participation rate would create 6% interest credited (30% x 20%).

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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 cap rates and participation rates may be higher or lower and produce different results.

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The Power of Tax Deferral with SurePath

  • Your account value can earn interest
  • Your interest can earn interest
  • You earn interest on the money you may have otherwise paid taxes on

This chart shows how a tax-deferred investment of $100,000 can grow over time when compared to a taxable investment.

Tax Deferral. Chart information explained in the following table

Power of Tax Deferral

Income Growth


Tax Deferred $265,330
Tax Deferred
(after tax)
Taxable $210,837


Assumptions: This hypothetical example is for illustrative purposes only. It assumes 5% annual growth for 20 years. The tax-deferred (after tax) account assumes 24% in taxes are withdrawn in a lump sum at the end of 20 years. The taxable account assumes 24% in taxes are withdrawn at the end of every year. Tax-deferred accounts are subject to ordinary income tax at the time of withdrawals. The hypothetical example does not reflect a specific annuity or an actual account value. It does not include any fees or expenses which would lower performance.
Clients purchasing an annuity through a tax-advantaged retirement plan (such as an Individual Retirement Account or 401(k) plan) will get no additional tax advantage through the annuity itself.

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Talk to Your Financial Professional About Receiving Principal Protection and the Opportunity for Growth with SurePath.

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Investment and Insurance Products:
Not FDIC insured   |   Not Insured by FDIC or any federal government agency
Not a deposit or other obligation of, or guaranteed by, the bank or any of its affiliates

A fixed indexed annuity (FIA) is a tax-deferred financial tool designed for the long term. For complete information about the annuity, please refer to the Important Information Disclosure Statement PDF opens in a new window.

Annuity contracts contain exclusions, limitations, reductions of benefits, and terms for keeping them in force. Your licensed professional can provide you with complete details.

Issuing company is located in Newark, NJ (main office). Pruco Life Insurance Company is a Prudential Financial company and is solely responsible for its own financial condition and contractual obligations.

Your needs and suitability of annuity products and benefits should be carefully considered before investing.

All references to guarantees, including the benefit payment obligations arising under the annuity contract guarantees, rider guarantees, optional benefits, any fixed account crediting rates, index-based interest crediting or annuity payout rates are backed by the claims-paying ability of the issuing company.  Those payments and the responsibility to make them are not the obligations of the third party broker-dealers from which this annuity is purchased or any of its affiliates.

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

Please note that withdrawals are not eligible for any future credits.

We do not provide tax, accounting, or legal advice. Please consult your own attorney or accountant.

Availability subject to state approvals, licensing and firm agreements.

It is not possible to invest directly in an index.

The Goldman Sachs Voyager Index was customized for the exclusive use within Prudential’s Fixed Indexed Annuities. This proprietary index seeks to achieve growth of capital by investing in a diversified, global mix of assets while providing for a dynamic allocation, enhanced diversification, volatility management and the potential to better navigate a full market cycle.

MSCI EAFE Index (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 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.

The "S&P 500® Index" is a product of S&P Dow Jones Indices LLC, a division of S&P Global, or its affiliates ("SPDJI"), and has 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. 

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.

Goldman Sachs Voyager Index: This fixed indexed annuity is not sponsored, endorsed, sold, guaranteed, underwritten, distributed or promoted by Goldman Sachs & Co. LLC or any of its affiliates, (including Goldman Sachs Asset Management, L.P.), with the exception of any endorsement, sales, distribution or promotion of this product that may occur through its affiliates that are licensed insurance agencies (excluding such affiliates, individually and collectively, "Goldman Sachs"). Goldman Sachs makes no representation or warranty, express or implied, regarding the advisability of investing in annuities generally or in fixed indexed annuities or the investment strategy underlying this fixed indexed annuity particularly, the ability of the Goldman Sachs Voyager Index to perform as intended, the merit (if any) of obtaining exposure to the Goldman Sachs Voyager Index or the suitability of purchasing or holding interests in this fixed indexed annuity. Goldman Sachs does not have any obligation to take the needs of the holders of this fixed indexed annuity into consideration in determining, composing or calculating the Goldman Sachs Voyager Index. GOLDMAN SACHS DOES NOT GUARANTEE THE ACCURACY AND/OR COMPLETENESS OF THE GOLDMAN SACHS VOYAGER INDEX OR OF THE METHODOLOGY UNDERLYING THE INDEX, THE CALCULATION OF THE INDEX OR ANY DATA SUPPLIED BY IT FOR USE IN CONNECTION WITH THIS FIXED INDEXED ANNUITY. GOLDMAN SACHS EXPRESSLY DISCLAIMS ALL LIABILITY FOR ANY SPECIAL, PUNITIVE, INDIRECT OR CONSEQUENTIAL DAMAGE EVEN IF NOTIFIED OF THE POSSIBILITY OF SUCH DAMAGES.

There is no guarantee that the index will not underperform some or all of the underlying assets. In particular, the index may have a significant weight in one of those assets at the time of a sudden drop, or no exposure to one of those underlyings at a time it has a strong performance, or a significant weight to the cash component. Different indices with a different set of underlying assets may significantly outperform the selected index. The index is not actively managed and Goldman Sachs does not exercise discretion in constructing, calculating or executing the strategy. For further information and disclosure about the strategy, including relevant risk factors, please refer to the related transaction documentation. The index was launched on June 7, 2019.

The Goldman Sachs Voyager Index includes an annual 0.50% index fee, which accrues daily, meaning that a small portion of the fee is removed from the Index each day. The index fee is included in order to account for index rebalancing, maintenance and hedging and transaction costs.

Issued on the following contracts:
Contract: ICC21-P-FIAC(10/21), P-FIAC/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)

For Compliance Use Only:



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