The guaranteed growth clients want.
The protection they need.

With the Prudential WealthGuardTM Multi-Year Guaranteed Annuity, you can help clients protect and grow their life's work without the added risks that often come with growth opportunities.

Guaranteed, predictable growth throughout selected term of 3 -, 5 -, or 7-years

Account Value is protected from market loss

Clients won’t pay taxes on any interest credited until they make a withdrawal, allowing money to accumulate faster than it would in a taxable account 

Clients can access up to 10% of Account Value each year if needed

What you need to know about WealthGuard:

  • Clients can choose a contract term that is best for them. This is called the Initial Guaranteed Rate Period. WealthGuard offers terms of 3-, 5-, or 7-years.*
  • A predetermined rate of return called the Initial Guaranteed Rate provides compounded and predictable growth over the term elected.
  • Account Value is protected from market loss no matter what the markets do. 
  • WealthGuard provides tax-deferred growth which helps keep money working for clients before they have to pay taxes.
  • If a need arises, clients will have access to their Account Value. 1 
  • With WealthGuard, there are no explicit fees or expenses. 
  • Click here to view the client-approved fact card PDF opens in a new window.

Footnote
* Please note that each term may not be available in all broker-dealers and/or states.

Here’s how WealthGuard works:

In this hypothetical example, we show the growth of an initial annuity net contribution of $100,000 with a 3% compounded annual rate for a 5-year Initial Guaranteed Rate Period with no withdrawals taken. At the end of Year 5, the client would have been credited more than $15,000.

Chart information is explained further in section below

This chart shows how WealthGuard can grow over time. On the extreme left of the chart, we see an axis that shows money amounts of $100,000 to $130,000, in $5,000 increments. Along the bottom of the chart is the axis that shows the years of the contract starting at the initial purchase date and going to contract year 5, in one-year increments. The chart has dark, vertical bars at each year that represent how much money the account is worth at the end of a contract year. Starting with the initial purchase, the chart shows that the contract starts with $100,000 and it is represented by a dark bar at the $100,000 mark. Moving to the right, at year 1, the account has grown to $103,000. Moving right to Year 2, the account is now worth $106,090. There is a call out above the dark, vertical bar that says: After 2 years, the Account Value would have grown by more than $6,000. Continuing to the right to year 3, the account has grown to $109, 273. Moving right to year 4, the account is worth $112,551. As we move right to year 5, the chart shows that the account has grown to $115,927. There is a call out above the bar that says, after 5 years, a client would have earned more than $15,000 in credited interest.
Renewal rates: Compared to your rates on contract issue, renewal rates may be higher, the same or lower.

 

 

Renewal rates are impacted by changes in various economic factors and may be higher or lower than the initial rates, but will never be less than the Guaranteed Minimum Interest Rate. The Guaranteed Minimum Interest Rate is set at issue and applies for the life of the contract. The Initial Guaranteed Rate, and subsequent renewal rates, will not be less than the Guaranteed Minimum Interest Rate. Please speak with your annuities wholesaler or call the National Sales Desk for more information.

As you help clients plan for a more secure tomorrow, you'll want to work with a brand you know and trust. Prudential has helped millions of people prepare for their future. With a solid reputation for product innovation and financial strength, we continue our commitment to helping Americans protect–and grow–their life's work. WealthGuard is issued by Pruco Life Insurance company, a Prudential Financial company.

WealthGuard Features:

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  • $25,000 minimum/$1,000,000 maximum2 
  • Subsequent payments not permitted
  • The Initial Guaranteed Rate, which is stated as an annual percentage yield, is declared when the contract is issued. It is a fixed interest rate that is compounded and credited daily. 
  • The Initial Guaranteed Rate applies for the entirety of the Initial Guaranteed Rate Period.

3-, 5-, and 7-year Initial Guaranteed Rate Periods are available. The Surrender Charge Period is aligned to the Initial Guaranteed Rate Period elected. May vary by broker-dealears and/or states.

A Surrender Charge applies to withdrawals that happen during the Surrender Charge Period. The Surrender Charge is determined by applying the applicable Surrender Charge Percentage to the amount of your withdrawal that exceeds your Free Withdrawal Amount.

  • 3-Year: 7%, 7%, 7% 
  • 5-Year: 7%, 7%, 7%, 6%, 5% 
  • 7-Year: 7%, 7%, 7%, 6%, 5%, 4%, 3%

There are no contractual fees (M&E, Administrative, etc.) associated with this product.

The MVA is based on a formula designed to respond to interest rate changes that occur after the annuity has been purchased. Generally speaking:

  • If interest rates have increased at the time of withdrawal, the result will be a negative MVA. 
  • If interest rates have decreased at the time of withdrawal, the result will be a positive MVA.

Free Withdrawal Amount:

  • First Contract Year: 10% of total purchase payments
  • After the first Contract Year: 10% of prior year anniversary Account Value (after all interest has been calculated)

Required Minimum Distributions:

RMD amounts calculated by Prudential are not subject to Surrender Charges or MVA.

Surrender Charge Waiver:

Medically Related Surrenders (MRS) – Surrender Charges and MVA will be waived based on the Owner meeting the following conditions (or Annuitant if entity owned): a) terminally ill or b) confinement to a medical facility for 90 consecutive days (state variations may apply).

Surrender Charges and MVA apply to withdrawals above the Free Withdrawal Amount during the Surrender Charge Period.

The minimum value that clients will receive upon surrender, death, or annuitization.

  • The Minimum Guaranteed Surrender Value is equal to 87.5% multiplied by Net Purchase Payment(s) since the date(s) applied, less any prior Withdrawals (reflecting the impact of Surrender Charges, if any, and Market Value Adjustment, if any), plus interest credited daily at the Nonforfeiture Rate.3

In the event of death prior to annuitization, beneficiaries will receive the greater of:

  • The full Account Value
  • The Minimum Guaranteed Surrender Value
At the end of the guaranteed period, the Account Value will automatically renew into a 1-year guaranteed period.
  • The interest rate will renew for a 1-year guaranteed period at no less than the Guaranteed Minimum Interest Rate outlined in the contract. 
  • Surrender Charges and MVA do not apply for the 1-year period.

In addition to the renewal option outlined above, you will also have the option to request a Withdrawal, Surrender, or to Annuitize. 

Renewal rates are impacted by changes in various economic factors and may be higher or lower than the initial rates, but never be less than the Guranteed Minimum Interest Rate. The Guranteed Minimum Interest Rate is set at issue and applies for the life of the contract. The Initial Guranteed Rate, and subsequent renewal rates, will not be less than the Guranteed Minimum Interest Rate. Please speak with your annuities wholesaler or call the National Sales Team for more information.

The Guaranteed Minimum Interest Rate is set at issue and applies for the life of the policy. The Initial Guaranteed Rate, and subsequent renewal rates, will not be less than the Guaranteed Minimum Interest Rate.

Contact your wholesaler today and have our team and resources work for you.

Footnotes

1 Withdrawals and distributions of taxable amounts are subject to ordinary income tax and, if made prior to age 59½, may be subject to a 10% additional tax. Withdrawals reduce the Account Value. Withdrawals taken during the surrender charge period that exceed the free withdrawal amount, excluding any Required Minimum Distributions (RMDs) calculated by Prudential, will be subject to any applicable surrender charges and a Market Value Adjustment (MVA).

2 Purchase Payments in excess of $1 million for any one Owner and/or Annuitant are subject to approval by Prudential.

3 Non-forfeiture rate on the issue date of the contract. Redetermined upon the start of each new crediting period.

Annuities are issued by Pruco Life Insurance Company, Newark, NJ (main office).

This web page is being provided for informational or educational purposes only and does not take into account the investment objectives or financial situation of any clients or prospective clients. The information is not intended as investment advice and is not a recommendation about managing or investing a client’s retirement savings. Clients seeking information regarding their particular investment needs should contact a financial professional.

All products and/or options may not be available in all states or with all broker-dealers.

All references to guarantees are backed by the claims-paying ability of the issuing insurance company.

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.

For Financial Professional Use Only. Not For Use With The Public.

This material is created for Financial Professional Use only.

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