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Fixed Indexed Annuity

Elevate Income — Prudential Financial

Prudential Financial

5%

Best S&P 500 Annual Cap

10%

Free W/D

49

Available jurisdictions

Product data status: October 2, 2026

Rates, state availability, rider terms, and contract language must be confirmed with a licensed financial advisor or insurance professional before purchase. Guarantees are backed by the issuing insurer.

Model this product

See what Elevate Income would do for you

Set your numbers and switch between growth, income, and liquidity. Negative index performance does not produce a negative index credit. Fees, withdrawals and surrender charges can reduce contract value.

Product analyzer
Illustrative — live CANNEX rates as of October 2, 2026; not a projection or guarantee.
Crediting strategy
Compare against
$222,695
Gross crediting illustration at age 80 (Elevate Income)
Excludes the 1.2% annual Guaranteed Lifetime Withdrawal Benefit charge (income option; applicability depends on contract terms); 1.2% annual Guaranteed Lifetime Withdrawal Benefit charge (income option; applicability depends on contract terms). This is not a net contract value.
5%
Best S&P 500 1-yr point-to-point cap

Gross crediting illustration for each line; excludes the 1.2% annual Guaranteed Lifetime Withdrawal Benefit charge (income option; applicability depends on contract terms); 1.2% annual Guaranteed Lifetime Withdrawal Benefit charge (income option; applicability depends on contract terms).

S&P 500 Index — 5% Cap (Annual)
✦
How crediting works: the cap limits positive index returns; a down index year has 0% index credit before rider charges. This illustration deducts no rider charge and is not a net contract value. A cap strategy tracks the index within its terms. What is a cap vs participation? →
Assumptions: illustrative — applies Elevate Income's published cap rate (5% on S&P 500 Index) to a standard benchmark hypothetical index path (~5.4%/yr average, including down years) with a 0% floor over 20 years. Gross crediting only: this illustration excludes the 1.2% annual Guaranteed Lifetime Withdrawal Benefit charge (income option; applicability depends on contract terms); 1.2% annual Guaranteed Lifetime Withdrawal Benefit charge (income option; applicability depends on contract terms) reported in the source. Applicable rider charges depend on contract terms; their deduction bases are not modeled. Each listed charge is not deducted, and no net contract value is shown. Not a projection, quote, or guarantee. Live CANNEX rates as of October 2, 2026.

Free Comparison Report

Get an Elevate Income rate report

See how Elevate Income compares for your age, state, premium, and income goals alongside other Prudential Financial fixed indexed annuity options.

rate data

Run numbers for Elevate Income

rates, riders, crediting strategies, state availability, and contract facts stay scoped to this Prudential Financial product.

Live product data

Rates as of October 2, 2026, from AdvisorWorld and CANNEX.

Scenario lifetime withdrawal rate

5.55% lifetime payout + 8%/yr · simple · for up to 10 years roll-up

Prudential's income-focused Elevate FIA with a current fee-bearing GLWB and diversified index crediting.

1.2% annual rider feeRMD-friendly income ridersAdvisorWorld + CANNEX data

Best fit

Retirement-income buyers who want an optional lifetime withdrawal guarantee from a highly rated carrier.

AM Best

A+ Superior

Surrender period

10 years

Free withdrawal

10%/yr

Availability

49 jurisdictions (excl. California, New York)

Featured crediting strategies

Index / strategyRate mechanics

S&P 500

S&P 500 Index

5% cap rate

Rate effective Oct 1, 2026

Annual point-to-point

Requested state: TX

1-year term · 10-year surrender · Does not vary by premium

S&P 500

S&P 500 Index

30% participation rate

Rate effective Oct 1, 2026

Annual point-to-point

Requested state: TX

1-year term · 10-year surrender · Does not vary by premium

S&P 500

S&P 500 Index

14% cap rate

Rate effective Oct 1, 2026

3-year point-to-point

Requested state: TX

3-year term · 10-year surrender · Does not vary by premium

S&P 500

S&P 500 Index

35% participation rate

Rate effective Oct 1, 2026

3-year point-to-point

Requested state: TX

3-year term · 10-year surrender · Does not vary by premium

Fixed Account

Fixed Account

3% declared rate

Rate effective Oct 1, 2026

Fixed account

Requested state: TX

1-year term · 10-year surrender · Does not vary by premium

+ 22 additional crediting options (MSCI EAFE, Dimensional US, J.P. Morgan...)

Lifetime Income Riders

Income rider

Guaranteed Withdrawal Benefit

RMD friendly
Lifetime payout rate5.55% lifetime payout
Annual rider fee1.2% annual rider fee
Guaranteed roll-up8%/yr · simple · for up to 10 years

Product analyst notes

How to think about this contract

Why it can stand out

  • A current GLWB option provides lifetime-withdrawal, roll-up, and step-up mechanics in the live CANNEX detail.
  • The accumulation menu spans the S&P 500 and several diversified proprietary indexes.
  • Prudential's A-plus A.M. Best rating supports the long-duration income promise.

What to confirm

  • The lifetime-income option requires an ongoing rider fee.
  • Withdrawal rates depend on age, deferral, state, and rider election; use the live scenario rather than a static brochure figure.
  • Rider income and account-value crediting are separate calculations and should not be combined as one return.

Not ideal for

Buyers unwilling to pay a rider fee, those focused only on maximum accumulation, or anyone needing unrestricted liquidity.

Free Comparison Report

Get an Elevate Income rate report

See how Elevate Income compares for your age, state, premium, and income goals alongside other Prudential Financial fixed indexed annuity options.

All crediting strategies

View rate listings (54 strategies)

These listings show published strategy details and any available rates. Use the filters to narrow by index, term, premium band, or rate type.

Par: 105% · 1-yr

PGIM Quant MAP Index

Point-to-point · 0% annual strategy fee

Requested state: TXRate effective Oct 1, 202610-yr surrenderDoes not vary by premium

Par: 105% · 1-yr

PGIM Quant MAP Index

Point-to-point

Requested state: TX10-yr surrenderDoes not vary by premium

Par: 102% · 1-yr

Goldman Sachs Voyager Index

Point-to-point · 0% annual strategy fee

Requested state: TXRate effective Oct 1, 202610-yr surrenderDoes not vary by premium

Par: 102% · 1-yr

Goldman Sachs Voyager Index

Point-to-point

Requested state: TX10-yr surrenderDoes not vary by premium

Par: 90% · 1-yr

Dimensional US Innovation Index

Point-to-point · 0% annual strategy fee

Requested state: TXRate effective Oct 1, 202610-yr surrenderDoes not vary by premium

Par: 90% · 1-yr

Franklin Templeton Spotlight Index

Point-to-point · 0% annual strategy fee

Requested state: TXRate effective Oct 1, 202610-yr surrenderDoes not vary by premium

Par: 90% · 1-yr

Dimensional US Innovation Index

Point-to-point

Requested state: TX10-yr surrenderDoes not vary by premium

Par: 90% · 1-yr

Franklin Templeton Spotlight Index

Point-to-point

Requested state: TX10-yr surrenderDoes not vary by premium

Par: 75% · 1-yr

J.P. Morgan AQUA Index

Point-to-point · 0% annual strategy fee

Requested state: TXRate effective Oct 1, 202610-yr surrenderDoes not vary by premium

Par: 75% · 1-yr

J.P. Morgan AQUA Index

Point-to-point

Requested state: TX10-yr surrenderDoes not vary by premium

Par: 30% · 1-yr

S&P 500 Index

Point-to-point · 0% annual strategy fee

Requested state: TXRate effective Oct 1, 202610-yr surrenderDoes not vary by premium

Par: 30% · 1-yr

S&P 500 Index

Point-to-point

Requested state: TX10-yr surrenderDoes not vary by premium

Par: 20% · 1-yr

MSCI EAFE Index

Point-to-point · 0% annual strategy fee

Requested state: TXRate effective Oct 1, 202610-yr surrenderDoes not vary by premium

Par: 20% · 1-yr

MSCI EAFE Index

Point-to-point

Requested state: TX10-yr surrenderDoes not vary by premium

Cap: 11% · 1-yr

Dimensional US Innovation Index

Point-to-point · 0% annual strategy fee

Requested state: TXRate effective Oct 1, 202610-yr surrenderDoes not vary by premium

Cap: 11% · 1-yr

Franklin Templeton Spotlight Index

Point-to-point · 0% annual strategy fee

Requested state: TXRate effective Oct 1, 202610-yr surrenderDoes not vary by premium

Cap: 11% · 1-yr

Dimensional US Innovation Index

Point-to-point

Requested state: TX10-yr surrenderDoes not vary by premium

Cap: 11% · 1-yr

Franklin Templeton Spotlight Index

Point-to-point

Requested state: TX10-yr surrenderDoes not vary by premium

Cap: 9% · 1-yr

J.P. Morgan AQUA Index

Point-to-point · 0% annual strategy fee

Requested state: TXRate effective Oct 1, 202610-yr surrenderDoes not vary by premium

Cap: 9% · 1-yr

J.P. Morgan AQUA Index

Point-to-point

Requested state: TX10-yr surrenderDoes not vary by premium

Cap: 5% · 1-yr

S&P 500 Index

Point-to-point · 0% annual strategy fee

Requested state: TXRate effective Oct 1, 202610-yr surrenderDoes not vary by premium

Cap: 5% · 1-yr

S&P 500 Index

Point-to-point

Requested state: TX10-yr surrenderDoes not vary by premium

Cap: 4.25% · 1-yr

MSCI EAFE Index

Point-to-point · 0% annual strategy fee

Requested state: TXRate effective Oct 1, 202610-yr surrenderDoes not vary by premium

Cap: 4.25% · 1-yr

MSCI EAFE Index

Point-to-point

Requested state: TX10-yr surrenderDoes not vary by premium

Fixed: 3% · 1-yr

Fixed Account

Fixed account · 0% annual strategy fee

Requested state: TXRate effective Oct 1, 202610-yr surrenderDoes not vary by premium

Fixed: 3% · 1-yr

Fixed Account

Fixed account

Requested state: TX10-yr surrenderDoes not vary by premium

Par: 155% · 2-yr

PGIM Quant MAP Index

Point-to-point · 0% annual strategy fee

Requested state: TXRate effective Oct 1, 202610-yr surrenderDoes not vary by premium

Par: 155% · 2-yr

PGIM Quant MAP Index

Point-to-point

Requested state: TX10-yr surrenderDoes not vary by premium

Par: 115% · 2-yr

Dimensional US Innovation Index

Point-to-point · 0% annual strategy fee

Requested state: TXRate effective Oct 1, 202610-yr surrenderDoes not vary by premium

Par: 115% · 2-yr

Franklin Templeton Spotlight Index

Point-to-point · 0% annual strategy fee

Requested state: TXRate effective Oct 1, 202610-yr surrenderDoes not vary by premium

Par: 115% · 2-yr

Dimensional US Innovation Index

Point-to-point

Requested state: TX10-yr surrenderDoes not vary by premium

Par: 115% · 2-yr

Franklin Templeton Spotlight Index

Point-to-point

Requested state: TX10-yr surrenderDoes not vary by premium

Par: 110% · 2-yr

Goldman Sachs Voyager Index

Point-to-point · 0% annual strategy fee

Requested state: TXRate effective Oct 1, 202610-yr surrenderDoes not vary by premium

Par: 110% · 2-yr

Goldman Sachs Voyager Index

Point-to-point

Requested state: TX10-yr surrenderDoes not vary by premium

Par: 100% · 2-yr

J.P. Morgan AQUA Index

Point-to-point · 0% annual strategy fee

Requested state: TXRate effective Oct 1, 202610-yr surrenderDoes not vary by premium

Par: 100% · 2-yr

J.P. Morgan AQUA Index

Point-to-point

Requested state: TX10-yr surrenderDoes not vary by premium

Par: 195% · 3-yr

PGIM Quant MAP Index

Point-to-point · 0% annual strategy fee

Requested state: TXRate effective Oct 1, 202610-yr surrenderDoes not vary by premium

Par: 195% · 3-yr

PGIM Quant MAP Index

Point-to-point

Requested state: TX10-yr surrenderDoes not vary by premium

Par: 140% · 3-yr

Dimensional US Innovation Index

Point-to-point · 0% annual strategy fee

Requested state: TXRate effective Oct 1, 202610-yr surrenderDoes not vary by premium

Par: 140% · 3-yr

Franklin Templeton Spotlight Index

Point-to-point · 0% annual strategy fee

Requested state: TXRate effective Oct 1, 202610-yr surrenderDoes not vary by premium

Par: 140% · 3-yr

Dimensional US Innovation Index

Point-to-point

Requested state: TX10-yr surrenderDoes not vary by premium

Par: 140% · 3-yr

Franklin Templeton Spotlight Index

Point-to-point

Requested state: TX10-yr surrenderDoes not vary by premium

Par: 130% · 3-yr

Goldman Sachs Voyager Index

Point-to-point · 0% annual strategy fee

Requested state: TXRate effective Oct 1, 202610-yr surrenderDoes not vary by premium

Par: 130% · 3-yr

Goldman Sachs Voyager Index

Point-to-point

Requested state: TX10-yr surrenderDoes not vary by premium

Par: 115% · 3-yr

J.P. Morgan AQUA Index

Point-to-point · 0% annual strategy fee

Requested state: TXRate effective Oct 1, 202610-yr surrenderDoes not vary by premium

Par: 115% · 3-yr

J.P. Morgan AQUA Index

Point-to-point

Requested state: TX10-yr surrenderDoes not vary by premium

Par: 35% · 3-yr

S&P 500 Index

Point-to-point · 0% annual strategy fee

Requested state: TXRate effective Oct 1, 202610-yr surrenderDoes not vary by premium

Par: 35% · 3-yr

S&P 500 Index

Point-to-point

Requested state: TX10-yr surrenderDoes not vary by premium

Par: 28% · 3-yr

MSCI EAFE Index

Point-to-point · 0% annual strategy fee

Requested state: TXRate effective Oct 1, 202610-yr surrenderDoes not vary by premium

Par: 28% · 3-yr

MSCI EAFE Index

Point-to-point

Requested state: TX10-yr surrenderDoes not vary by premium

Cap: 14.25% · 3-yr

MSCI EAFE Index

Point-to-point · 0% annual strategy fee

Requested state: TXRate effective Oct 1, 202610-yr surrenderDoes not vary by premium

Cap: 14.25% · 3-yr

MSCI EAFE Index

Point-to-point

Requested state: TX10-yr surrenderDoes not vary by premium

Cap: 14% · 3-yr

S&P 500 Index

Point-to-point · 0% annual strategy fee

Requested state: TXRate effective Oct 1, 202610-yr surrenderDoes not vary by premium

Cap: 14% · 3-yr

S&P 500 Index

Point-to-point

Requested state: TX10-yr surrenderDoes not vary by premium

Income riders

Income rider

Guaranteed Lifetime Withdrawal Benefit

RMD friendly
Lifetime withdrawal rate5.55%
Annual rider fee1.2%
Guaranteed roll-up8%/yr · simple · for up to 10 years
Deferral assumed0 years

GLWB

Income rider

Guaranteed Lifetime Withdrawal Benefit

RMD friendly
Lifetime withdrawal rate5.05%
Annual rider fee1.2%
Guaranteed roll-up8%/yr · simple · for up to 10 years
Deferral assumed0 years

GLWB

Common questions about Elevate Income

● Can I lose money in Elevate Income?

A negative index return by itself does not reduce the contract's account value: Elevate Income credits 0% — the floor — for that indexed period. The account value can still decrease from the published rider fee, withdrawals, surrender charges, other contract-specific deductions. In years with no credited interest, those deductions can reduce the account value. Up to 10% of your value can be withdrawn each year without a charge; withdrawals above the penalty-free amount during the surrender period can incur a surrender charge.

● Is the Guaranteed Lifetime Withdrawal Benefit income rider worth the 1.2% fee?

It depends on whether you will use the guaranteed income. If you are accumulating only, you can skip it. If you want guaranteed lifetime income later, the published roll-up (8%/yr · simple · for up to 10 years) and 5.55% withdrawal rate can make it worthwhile — model it in the Income tab of the analyzer above.

● When can I access my money without a surrender charge?

Up to 10% of your account value each year is penalty-free. The scheduled surrender charges run 10 years; after that the surrender-charge schedule ends. Bonus vesting, market value adjustments when applicable, and other contract rules can still affect the amount available. The Liquidity tab of the analyzer shows the year-by-year surrender charge.

● How do Elevate Income's crediting strategies compare?

Use "Compare against" in the analyzer to overlay another available Elevate Income strategy on the same premium, age, years, and hypothetical index path. The control labels the strategy type, rate, index, and context so caps, participation rates, triggers, spreads, and fixed-account choices are not treated as interchangeable.

Key Features

Free withdrawal

10%/yr

Annual amount that may be available without surrender charges, subject to contract terms.

Surrender waivers

3

Medically related surrenders, RMD waiver, Terminal illness waiver

Death benefit

Standard Death Benefit

Beneficiary value depends on contract terms, withdrawals, and rider elections.

Cap-rate floor

1.00%

Minimum guaranteed cap for cap-based indexed strategies.

Fixed account guarantee

0.05%

Guaranteed minimum interest rate for the fixed account.

Participation-rate floor

5.00%

Minimum guaranteed participation rate for participation-rate indexed strategies.

Fund types

Non-qualified, Qualified

Availability can vary by state and product terms.

Surrender schedule

Yr 1

10%

Yr 2

9%

Yr 3

8%

Yr 4

7%

Yr 5

6%

Yr 6

5%

Yr 7

4%

Yr 8

3%

Yr 9

2%

Yr 10

1%

After

0%

Medically related surrenders, RMD waiver, Terminal illness waiver

Documents

Carrier documents not available for this product

Brochures, product guides, or contract disclosures are currently unavailable for this product. Request the state-specific brochure or specimen contract from the carrier before purchase.

Carrier Ratings

AM BestA+
FitchAA-
S&PAA-

Contract notes from product data

Crediting design

How the interest-crediting choices are framed

Elevate Income currently shows 54 indexed or fixed crediting options, including S&P 500 Index, with 44 volatility-controlled index options grouped separately. These choices matter because caps, participation rates, fixed accounts, spreads, and renewal terms are different mechanics and should not be ranked as one simple rate list.

  • S&P 500 Index: 5% annual cap, 0% annual strategy fee
  • S&P 500 Index: 5% annual cap
  • S&P 500 Index: 30% annual participation rate, 0% annual strategy fee
  • S&P 500 Index: 30% annual participation rate

Income rider language

What to look for before treating the rider as income

Guaranteed Lifetime Withdrawal Benefit is the main income rider listed for this product. Rider terms can affect the tradeoff between future lifetime withdrawals, contract value, beneficiary value, and cost, so the exact state version and rider election should be confirmed before comparing it to annuitization or income-only contracts.

  • 5.55% withdrawal rate
  • 1.2% rider fee
  • RMD friendly

Liquidity terms

Why access rules deserve as much attention as rates

A fixed indexed annuity can preserve more control than an income-only contract, but access is still governed by the surrender schedule, free-withdrawal terms, and waiver language. Those details are where many product comparisons become more meaningful than a simple rate list.

  • 10%/yr free withdrawal
  • 10 surrender years
  • Medically related surrenders
  • RMD waiver
  • Terminal illness waiver

Verification note

Use carrier materials as term evidence, then confirm the current version

This page uses the current structured product information for the contract. For the current brochure, rate sheet, or specimen contract, confirm the state-specific version with the carrier or a licensed financial professional.

  • Rates and rider terms can vary by state and issue age
  • Carrier guarantees depend on claims-paying ability
  • Current contract forms should be confirmed before purchase

Free Comparison Report

Get an Elevate Income rate report

See how Elevate Income compares for your age, state, premium, and income goals alongside other Prudential Financial fixed indexed annuity options.

Related Resources

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