Prudential Fixed Annuity
Prudential Financial
2.5%
Best Rate
10%
Free W/D
50
States
A fixed annuity that guarantees you lifetime income starting whenever you choose, combined with tax-deferred growth and flexible access to your money. Designed for people who want reliable retirement income they can't outlive, plus the security of knowing a portion of their money is guaranteed.
Free Withdrawal
10%/yr
Available In
50 states
Min Premium
$25,000
Surrender
7 years
Guaranteed Rates by Term
| Term | Guaranteed Rate |
|---|---|
| 7-Year | 2.5% |
Key Features
Daily Advantage Income Benefit
Income growth rate assigned at issue; withdrawal percentages based on ageProvides a guaranteed annual income amount for life that you can start taking at any time. The income grows at a set rate before withdrawals begin and continues for life.
7-Year Guaranteed Interest Rate
Rate assigned on issue date; credited dailyYour money earns a fixed interest rate that is compounded and credited daily, providing predictable growth during the initial period.
Minimum Guaranteed Surrender Value
87.5% of purchase payments + 1.00% minimum annual interestEven if market conditions change, you're guaranteed to receive at least 87.5% of your purchase payment plus daily interest at 1.00%, minus withdrawals and applicable charges.
Flexible Withdrawals
10% free withdrawal in year 1; 10% of prior anniversary value in years 2-7Take lifetime withdrawals up to your guaranteed income amount without surrender charges. Make non-lifetime withdrawals anytime, or take free withdrawals up to 10% annually.
Income Reserve
Available if you don't take full annual income while account value remainsStore unused guaranteed income for future years, or use it to permanently increase your guaranteed income amount with a one-time step-up election.
Declining Surrender Charges
7% year 1 → 6% year 2 → 1% year 7 → 0% year 8+Surrender charges start at 7% in year 1 and decrease by 1% each year, reaching 0% in year 8, giving you increasing access to your money over time.
Death Benefit
Greater of account value, income reserve, or minimum guaranteed valueIf you pass away before taking annuity payments, your beneficiary receives the greater of your account value, income reserve balance, or guaranteed surrender value.
Spousal Continuance
Spouse becomes owner and continues all benefits and paymentsYour surviving spouse can continue the contract as the new owner and take over income payments, with no additional surrender charges applied.
Highlights
Guaranteed lifetime income through the Daily Advantage Income Benefit that continues even if your account value runs out
7-year fixed crediting period with daily compounding interest and minimal surrender charges that decline over time
Flexible withdrawal options including penalty-free lifetime withdrawals up to your guaranteed income amount
Income grows daily before you start taking withdrawals, maximizing your guaranteed income over time
Can build an Income Reserve by not taking full annual withdrawals, with one-time option to step up your guaranteed income
Surrender Schedule
Yr 1
7%
Yr 2
6%
Yr 3
5%
Yr 4
4%
Yr 5
3%
Yr 6
2%
Yr 7
1%
After
0%
RMD waiver
Best For
Investors who are retired or nearing retirement and want guaranteed lifetime income they can't outlive, combined with tax-deferred growth and flexibility to access their money without penalties.
Consider Alternatives If
Investors who need immediate access to their full account value without surrender charges, those seeking growth-oriented investments with market upside potential, or individuals uncomfortable with lock-in periods.
Carrier Ratings
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