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Income Clients Can Count On

Income Clients Can Count On

Prudential Defined Income Variable Annuity
For clients seeking predictable guaranteed lifetime income in retirement with the flexibility to start it any time.

  • 5.15% Income Percentage at age 65 (single)*
  • 4.65% Income Percentage at age 65 (spousal)*
  • 5.00% Compounded Income Growth Rate

See current rates

* at issue age.
The income percentages are for lifetime income distribution and the compounded income growth rate is for lifetime income accumulation.
Rates are subject to change. Please see the current monthly rate sheet prospectus supplement for complete rates and details.

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With Prudential Defined Income You Can Offer Clients:

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More for Less

Prudential Defined Income is designed to help provide a higher level of guaranteed minimum income, at a lower cost than generally found with other variable annuities with living benefits.

Predictable Income Now or Later

Clients will enjoy the comfort of knowing exactly what their lifetime income will be, now and in the future.

Help in Creating a More Secure Future

Prudential Defined Income can be used to help clients supplement traditional income sources such as Social Security or fixed income investments.

Investing Without the Risk of Equity Exposure

As a part of an overall retirement strategy, Prudential Defined Income helps reduce clients’ exposure to market volatility.

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Show Clients the Prudential Defined Income Difference

Use our easy-to-understand video with clients and prospects to discover how Prudential Defined Income can help them create guaranteed lifetime income in retirement.

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Clients Can Choose Income Now or Even More Income Later

Income Now: Clients can decide to start income immediately.

Income Later: Clients can wait and secure a greater income in the future through guaranteed compounded growth.

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This hypothetical example is for illustrative purposes only. It does not reflect a specific annuity, an actual account value or the performance of any investment.

Withdrawals in excess of the Guaranteed Income Amount impact the value of client’s benefit and can also affect the certainty of their income. An excess withdrawal occurs when the cumulative Lifetime Withdrawals exceed the Guaranteed Income Amount in any annuity year. If an excess withdrawal is taken, only the portion of the Lifetime Withdrawal that exceeds the remaining Guaranteed Income Amount will proportionally and permanently reduce client’s Guaranteed Income Amount for future years. If an excess withdrawal reduces the account value to zero, no further amount would be payable and the contract terminates. Please note that Non-Lifetime Withdrawals proportionally reduce the Guaranteed Income Amount by the ratio of the Non-Lifetime Withdrawal amount to the Account Value immediately prior to the Non-Lifetime Withdrawal.

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Spousal Income Protection

Prudential Defined Income offers a spousal option, where the surviving spouse can continue to receive uninterrupted  income for the rest of his or her life, guaranteed.

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Income Security with Investment Simplicity

Prudential Defined Income helps reduce clients’ exposure to equity markets by fully investing their money in Prudential’s AST Multi-Sector FIxed Income Portfolio, a four star rated fund in the Morningstar US Insurance Corporate Bond category (out of 169 funds).*


* Prudential Annuities, Morningstar 12/31/2019

As of 12/31/2019
Actual allocations and credit quality may vary over time due to performance and/or portfolio manager discretion. The Portfolio may invest up to 10% of its investable assets in bonds rated below investment grade (which are commonly referred to as “junk bonds”). Due to rounding, percentages and portfolio composition may not sum to 100%.



PDI Chart Details

Investment Grade Corporates 84.96%
Commercial Mortgage-Backed Securities 6.30%
U.S. Municipal 3.79%
High Yield Corporates 2.58%
Emerging Markets 0.86%
Asset-Backed Securities 0.55%
Non-U.S. Government 0.19%
Cash & Equivalents 0.77%

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Tools to Help Educate Clients

Use our online experience to:

  • Access Prudential Defined Income illustrations/calculations
  • Download marketing material
  • Service existing Prudential Annuities clients

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Prudential Defined Income At-A-Glance

Defined Income At-A-Glance
Features Specifications

Minimum purchase payment

Initial: $25,000
Subsequent: $1001

Investment portfolio

100% investment in the AST Multi-Sector Fixed Income Portfolio

Issue ages
May vary by broker/dealer

Minimum 45 / Maximum 85
Contracts may not be issued on or after the 86th birthday of the oldest of all owners and annuitant

Guaranteed Lifetime Withdrawals
Not subject to CDSC2

Income Now – the Guaranteed Income Amount (GIA) is determined at the time the variable annuity contract is issued and is based on:

  • Whether client chooses the single or spousal income option

  • The purchase payment multiplied by client’s applicable age-based Income Percentage

Income Later – the GIA grows every day by an Income Growth Rate until the first Lifetime Withdrawal is taken

Non-Lifetime Withdrawals
Subject to CDSC during the surrender period

Non-Lifetime Withdrawals proportionally reduce all benefit guarantees by the percentage the withdrawal represents of the current account value

  • Do not stop the daily income growth on the GIA

  • Can only be taken prior to starting Lifetime Withdrawals

Death benefit
All death benefit protection terminates upon contract annuitization or if the account value reaches zero

Client’s beneficiaries will receive the greater of:

  • The sum of all the purchase payments, reduced for any withdrawals3

  • The account value
    Please note that if electing the spousal version, the death benefit is paid upon the death of the last surviving spouse

Latest annuity date

No later than the first day of the calendar month following the 95th birthday of the oldest of all owners and annuitant

Fees and Charges

Total annual insurance charges4
Includes the fee for the guaranteed income benefit

1.90% for all years

AST Multi-Sector Fixed Income Portfolio expense


Annual maintenance fee
Waived if the sum of all purchase payments totals $100,000 or more

Lesser of $50 per year or 2% of the account value

Contingent Deferred Sales Charge (CDSC) schedule
Payment-based; assessed on withdrawals during the first seven years after each purchase payment is made. Waived for GIA payments and RMDs

7 years: 7%, 7%, 6%, 6%, 5%, 5%, 5%


1 Clients may make additional purchase payments at any time within the first annuity year. At any time, with prior notice to client, we may limit client’s right to add additional purchase payments.

2 Withdrawals in excess of the GIA are subject to CDSC.

3 Withdrawals up to the GIA reduce the death benefit on a dollar-for-dollar basis. Non-Lifetime withdrawals and withdrawals of excess income reduce the death benefit by the same proportion that the GIA is reduced (proportional withdrawals). We reserve the right to pay a death benefit equal to the account value if we do not receive due proof of death within one year.

4 We reserve the right to increase the fees up to the maximum charge of 2.60% any time on or after the seventh annuity year on existing contracts. Please see the prospectus for additional information.

5 Reflects net annual portfolio expenses as of April 29, 2019. Current portfolio operating expenses may be different than those shown above.

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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 877-668-2823

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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. Clients 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 clients retire, their investment can be used to generate a stream of regular income payments that are guaranteed for as long as they live. In addition, variable annuities may provide a guaranteed death benefit for their beneficiaries. It is 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 clients to use the benefits that are offered by a variable annuity it is important to remember that all 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.

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

It's up to you to determine if a variable annuity is suitable for clients. Prudential Annuities does not provide investment advice. The selections you choose together with the clients are all dependent on their investment goals and their risk tolerance.

What happens if clients need access to their money?

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 living and death benefits proportionately.

What are the limitations and restrictions clients need to consider?

Prudential Defined Income does not provide a diverse set of investment choices nor does it provide the option to allocate clients' purchase payments or account value among a variety of investment choices with different investment styles, objectives, strategies and risks. The performance of clients' account value will depend entirely on the performance of the AST Multi-Sector Fixed Income Portfolio. It's important to remember that fixed income investments are subject to risk, including credit and interest rate risk. Because of these risks, a subaccount's share value may fluctuate. If interest rates rise, bond prices usually decline. If interest rates decline, bond prices usually increase.
Lastly, the benefit is part of clients' annuity and they may not cancel the benefit. However, upon specified events, the benefit may be terminated. See the prospectus for more information.

What should clients know about The Morningstar RatingTM?

The 3-year rating for this fund is five stars out of 169 Corporate Bond investments. The 5-year rating for this fund is four stars out of 132 Corporate Bond investments. The 10-year rating for this fund is N/A out of 83 Corporate Bond investments. The Morningstar RatingTM for funds, or "star rating", is calculated for managed products (including mutual funds, variable annuity and variable life subaccounts, exchange-traded funds, closed-end funds, and separate accounts) with at least a three-year history. Exchange-traded funds and open-ended mutual funds are considered a single population for comparative purposes. It is calculated based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a managed product's monthly excess performance, placing more emphasis on downward variations and rewarding consistent performance. The top 10% of products in each product category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars, and the bottom 10% receive 1 star. The Overall Morningstar Rating for a managed product is derived from a weighted average of the performance figures associated with its three-, five-, and 10- year (if applicable) Morningstar Rating metrics. The weights are: 100% three-year rating for 36-59 months of total returns, 60% five-year rating/40% three-year rating for 60-119 months of total returns, and 50% 10-year rating/30% five-year rating/20% three-year rating for 120 or more months of total returns. While the 10-year overall star rating formula seems to give the most weight to the 10-year period, the most recent three-year period actually has the greatest impact because it is included in all three rating periods.

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 by contacting the National Sales Desk. Clients should read the prospectus carefully before investing.

Variable annuities are issued by Pruco Life Insurance Company (in New York, by Pruco Life Insurance Company of New Jersey), Newark, NJ (main office) and distributed by Prudential Annuities Distributors, Inc., Shelton, CT. All 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.

Issued on contracts: P-BBND(2/13), P-RID-LI-DB(5/14) et al, or state variation thereof.

For Compliance Use Only: 1001977-00006-00

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