Disclosures

Annuities are issued by Pruco Life Insurance Company, a Prudential Financial company, located in Newark, NJ (main office).

A fixed indexed annuity (FIA) is a tax-deferred financial tool designed for the long term. It offers a level of protection for clients' money against loss with the opportunity for it to grow based on the performance of a specific market index, or combination of indices. With a FIA, clients' money is not actually invested in any index, but rather may earn interest based on the index's performance. Clients have the option to allocate money into a strategy based on a cap rate or a participation rate. The cap rate is the maximum amount of interest that can be credited at the end of a specific index term. The participation rate is the percentage of any index increase used to calculate the interest that will be credited at the end of index term(s). Initial cap rates and participations rates are set at the time you purchase your contract, but may change after the completion of the index term(s). For complete information about the annuity, please refer to the Important Information Disclosure Statement PDF opens in a new window.

Availability subject to state approvals, licensing, and firm agreements.

Please note that withdrawals are not eligible for any future index interest crediting.

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 a 10% additional tax. Withdrawals reduce the account value and can reduce the death benefits and living benefits. Withdrawals taken during the surrender charge period, excluding any free withdrawals and Required Minimum Distributions (RMDs) calculated by Prudential, will be subject to any applicable surrender charges and a Market Value Adjustment (MVA). 

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 United States 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.

It is not possible to invest directly in an index.

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 SachsVoyager 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 SurePath Income Fixed Indexed Annuity 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 underlying assets 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 J.P. Morgan AQUA Index (“J.P. Morgan Index”) has been licensed to Pruco Life Insurance Company (“PRUCO”) (the “Licensee”) for the Licensee’s benefit. Neither the Licensee nor the SurePath and SurePath Income annuities (the “Insurance Product”) is sponsored, operated, endorsed, recommended, sold, or promoted by J.P. Morgan Securities LLC (“JPMS”) or any of its affiliates (together and individually, “J.P. Morgan”). J.P. Morgan makes no representation and gives no warranty, express or implied, to purchasers of the Insurance Product nor does J.P. Morgan have any liability for any errors, omissions, or interruptions of the J.P. Morgan Index. Such persons should seek appropriate professional advice before making an investment or purchasing insurance. The Index has been designed and is compiled, calculated, maintained and sponsored by J.P. Morgan without regard to the Licensee, the Insurance Product or any policyholder. J.P. Morgan may independently issue or sponsor other indices or products that are similar to and may compete with the Index and the Insurance Product. J.P. Morgan may transact in assets referenced in the Index (or in financial instruments such as derivatives that reference those assets). These activities could have a positive or negative effect on the value of the Index and the Insurance Product.

The PGIM Quant US Multi-Asset Positioning Index, also known as the PGIM Quant MAP Index (the “Index”), is sponsored by PGIM Quantitative Solutions LLC (“PGIM Quant”) and has been licensed for use by Pruco Life Insurance Company for use with the SurePath and/or SurePath Income annuity. This annuity is not sponsored, endorsed, sold, guaranteed, underwritten, distributed, or promoted by PGIM Quant or any of its affiliates, with the exception of any endorsement, sales, distribution, or promotion of this annuity that may occur by or through its affiliates that are licensed insurance agencies. PGIM Quant and its affiliates make no representation or warranty, express, or implied, regarding the advisability of investing in annuities or the use of the Index as a part of any financial product. PGIM Quant and its affiliates have no obligation to take the needs of any holders of this annuity into consideration in composing, calculating, or maintaining the Index. In certain circumstances, PGIM Quant may modify the methodology and components for the Index or suspend the Index. NEITHER PGIM QUANT NOR ITS AFFILIATES GUARANTEES THE ACCURACY, TIMELINESS, COMPLETENESS, AND/OR CONTINUOUS PROVISION OF THE INDEX, ANY OF THE INDEX’S UNDERLYING DATA OR ITS CALCULATION METHODOLOGY. PGIM QUANT AND ITS AFFILIATES HAVE NO LIABILITY FOR ANY ERRORS, OMISSIONS, OR INTERRUPTIONS OF THE INDEX OR IN CONNECTION WITH ITS USE. PGIM QUANT AND ITS AFFILIATES HAVE NO LIABILITY FOR ANY LOSSES, DAMAGES, COSTS, CLAIMS AND EXPENSES (INCLUDING ANY SPECIAL, PUNITIVE, DIRECT, INDIRECT OR CONSEQUENTIAL DAMAGES (INCLUDING LOST PROFITS)) ARISING OUT OF MATTERS RELATING TO THE USE OF THE INDEX, REGARDLESS OF ANY PRIOR NOTICE OF SUCH POSSIBILITY.

The Franklin Spotlight IndexSM is owned by Franklin Templeton. References below to “Index” apply to Franklin Spotlight Index and references below to “Licensor” apply to Franklin Templeton. Licensor has licensed the Index to Pruco Life Insurance Company (“PRUCO”) to be used as a component of the SurePath suite of products (the “Products”). The Index may be calculated by a third-party or contain third-party data, each third-party provider and Licensor are collectively “Licensor Parties”. The Products are not sponsored, operated, endorsed, sold, or promoted by Licensor Parties. The Index, the proprietary data therein, and related trademarks, are intellectual property licensed from Licensor, and may not be copied, used, or distributed without Licensor’s prior written approval. The Products have not been passed on as to their legality or suitability, and are not regulated, issued, endorsed, sold, guaranteed, or promoted by Licensor Parties. LICENSOR PARTIES MAKE NO EXPRESS OR IMPLIED WARRANTIES, AND HEREBY EXPRESSLY DISCLAIMS ALL WARRANTIES OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE WITH RESPECT TO THE INDEX OR ANY DATA INCLUDED THEREIN. WITHOUT LIMITING ANY OF THE FOREGOING, IN NO EVENT SHALL LICENSOR PARTIES HAVE ANY LIABILITY FOR ANY SPECIAL, PUNITIVE, INDIRECT, OR CONSEQUENTIAL DAMAGES (INCLUDING LOST PROFITS), EVEN IF NOTIFIED OF THE POSSIBILITY OF SUCH DAMAGES.

The Dimensional US Innovation Index (the “Index”) is sponsored and published by Dimensional Fund Advisors LP (“Dimensional”). References to Dimensional include its respective directors, officers, employees, representatives, delegates, or agents. The use of “Dimensional” in the name of the Index and the related stylized mark(s) are service marks of Dimensional and have been licensed for use by Pruco Life Insurance Company (“PRUCO”). PRUCO has entered into a license agreement with Dimensional providing for the right to use the Index and related trademarks in connection with the SurePath and SurePath Income annuities (the “Financial Product”). The Financial Product is not sponsored, endorsed, sold, or promoted by Dimensional, and Dimensional makes no representation regarding the advisability of the purchase of such Financial Product. Dimensional has no responsibilities, obligations or duties to purchasers of the Financial Product, nor does Dimensional make any express or implied warranties, including, but not limited to, any warranties of merchantability or fitness for a particular purpose or use with respect to the Index. Dimensional does not guarantee the accuracy, timeliness or completeness of the Index, or any data included therein or the calculation thereof or any communications with respect thereto. Dimensional has no liability for any errors, omissions or interruptions of the Index or in connection with its use. In no event shall Dimensional have any liability of whatever nature for any losses, damages, costs, claims, and expenses (including any special, punitive, direct, indirect, or consequential damages (including lost profits)) arising out of matters relating to the use of the Index, even if notified of the possibility of such damages. Dimensional has provided PRUCO with all material information related to the Index methodology and the maintenance, operation and calculation of the Index. Dimensional makes no representation with respect to the completeness of information related to the Index provided by PRUCO in connection with the offer or sale of any Financial Product. Dimensional has not published or approved this document, nor does Dimensional accept any responsibility for its contents or use.

The Goldman Sachs Voyager, J.P. Morgan AQUA, Dimensional US Innovation, and Franklin Spotlight indices are subject to a 0.50% per annum deduction, which accrues daily, meaning that a portion of the annual deduction is subtracted from the Index Level daily. The inclusion of the per annum deduction enhances the participation and/or cap rates of the Index Strategy with which the Index is used.

For Financial Professional Use Only. Not for Use with Consumers.