Protect your life’s work from market loss while still giving it room to grow with PruSecure® Fixed Indexed Annuity.
Annuities are issued by Pruco Life Insurance Company.
How PruSecure works
With PruSecure, you can pursue growth by choosing between an Index-Based Strategy, a Fixed-Rate Strategy, or a combination of both—and decide how much of your money to allocate to each option.
Select your growth opportunity
The Index-Based Strategy offers the potential for growth based on the performance of the market indices you choose, which will determine the amount of any interest credited to your account. Because different indices can respond differently to market conditions, PruSecure currently offers four indices to choose from within three index-based strategy options:
Cap Rate
Interest is credited based on the full index gain, up to a cap.
Participation Rate
Credits interest based on a percentage of index gains.
Performance Trigger
Credits a fixed rate if the index is 0% or positive at term end.
Note: Index availability varies by the strategy you choose. You may select the index (or indices) and the term, or duration period, for each strategy. At the end of each term, you can renew or reallocate your money among the strategies available at that time.
Fixed-Rate Strategy
This option is not associated with any market index. The Fixed-Rate Strategy earns a fixed interest rate for a period of one year and renews annually. The interest rate is declared when you purchase your contract and may change upon renewal.
Clients can choose one or a combination of the indices below:
S&P 500®
A leading gauge of the U.S. equities market—the Standard & Poor’s 500® Index includes 500 of the largest companies on the New York Stock Exchange and NASDAQ.
MSCI EAFE
The MSCI EAFE is designed to measure the performance of a selection of stocks in 21 developed markets outside of the U.S. and Canada. The oldest international stock index, it is the most common benchmark in the U.S. for foreign stock funds.
Dow Jones® U.S. Real Estate Index
This index is designed to track the performance of Real Estate Investment Trusts (REITs) and other companies that invest directly or indirectly in the development, management, or ownership of real estate.
Bloomberg Commodity IndexSM
The Bloomberg Commodity Index tracks the futures prices of a broadly diversified set of physical commodities on various commodity markets. It is designed to minimize concentration in any one commodity or sector.
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 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 financial professional for more information.
Why choose PruSecure
*Because qualified retirement plans, IRAs, and annuities offer a tax-deferral feature, you should carefully consider the other features, benefits, risks, and costs associated with an annuity before purchasing one in either a qualified plan or an IRA. Before purchasing an annuity, you should take full advantage of your 401(k) and other qualified plans.
A financial professional can guide you through everything from maximizing Social Security benefits to helping you build a complete plan for your retirement.
FAQs: Fixed indexed annuities
Looking for quick answers to some common fixed indexed annuity questions? You’ve come to the right place.
A fixed indexed annuity (FIA) is a tax-deferred financial tool designed for the long term. It offers a level of protection for your money against loss with the opportunity for it to grow based on the performance of a specific market index, or combination of indices. With an FIA, your money is not actually invested in any index, but rather may earn interest based on the index’s performance. There may typically be upper limits known as cap rates and participation rates, on the amount of potential interest credited in a given period, as well as a floor that offers downside protection. For complete information about the annuity, please refer to the Important Information Disclosure Statement which is also available from your financial professional.
When the time comes for you to use the benefits that are offered by an annuity, it is important to remember that all guarantees are backed solely by the claims-paying ability of the issuing insurance company. Those payments and the responsibility to make them are not the obligations of the third-party agency from which the annuity is purchased or any of its affiliates, and none make any representations or guarantees regarding the claims-paying ability of the issuer.
Your financial professional can help you determine if an annuity is suitable for you. Prudential and its distributors and representatives do not provide tax, accounting, or legal advice. Please consult your own attorney or accountant when making important investment decisions. Prudential does not provide investment advice. The selections you choose together with your financial professional are all dependent on your investment goals and your risk tolerance.
After the first contract year, you may withdraw up to 10% of the account value (based on the previous contract anniversary, after all index/interest credits are applied) without surrender charges or MVA. If you need more than the Free Withdrawal Amount, or want to take a withdrawal in the first year, you can withdraw as much of your account value as you need, but keep in mind that surrender charges and a Market Value Adjustment (MVA) will apply. If you make a full withdrawal of your annuity, you will receive the greater of your account value (minus any surrender charges and adjusted by any applicable MVA) and your Minimum Guaranteed Surrender Value. Also, it’s important to note that if you take a withdrawal or annuitize your contract, taxes will apply. The tax treatment will differ depending on whether you purchased your annuity with pre-tax (qualified) or after-tax (non-qualified) dollars. Please consult your tax advisor for more information.
Withdrawals and distributions of taxable amounts are subject to ordinary income tax and, if made prior to age 59 1⁄2, may be subject to an additional 10% federal income tax penalty, sometimes referred to as an additional income tax. Withdrawals taken during the surrender charge period, excluding any Required Minimum Distributions (RMDs), will be subject to any applicable surrender charges and a Market Value Adjustment (MVA).
One of the advantages of PruSecure is that there are no annual contract or administrative fees. However, if you withdraw any of your money during the first contract year or more than 10% of your money in any subsequent year during the surrender charge period, there may be a surrender charge. A positive or negative MVA may also apply.
At the time you purchase your contract, you may select a 5- or 7-year surrender charge period, which is the amount of time you must wait until you can withdraw funds from your annuity without facing a penalty charge. Typically, the longer the surrender charge period, the higher the fixed rates and index-based cap rates and participation rates. During this period, if you withdraw any or all of the money from your annuity, surrender charges and a Market Value Adjustment (MVA) will apply. (See Important Information Disclosure Statement for additional information about MVAs.)
In cases where the duration of your index term is shorter than the length of your surrender charge period, you may need to renew or reallocate your strategy selections one or more times before your surrender charge period ends. When you renew or reallocate, you may continue with the same strategy and allocation, or choose from the other strategies and terms available at that time.
Disclosures
INVESTMENT AND INSURANCE PRODUCTS ARE:
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All products and/or options may not be available in all states or with all broker-dealers.
Annuities are issued by Pruco Life Insurance Company, Newark, NJ (main office).
Pruco Life Insurance Company is a Prudential Financial Company and is solely responsible for its own financial condition and contractual obligations.
Bloomberg Commodity Index reflects changes in a broad range of commodity futures prices, from crude oil and coffee to gold and cattle.
Dow Jones® U.S. Real Estate Index is designed to track the performance of Real Estate Investment Trusts (REITs) and other companies that invest directly or indirectly in real estate through development, management, or ownership, including property agencies.
MSCI EAFE (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 U.S. 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.
S&P 500® Index and Dow Jones® US Real Estate Index: The "S&P 500® Index" and "Dow Jones® U.S. Real Estate Index" are products of S&P Dow Jones Indices LLC, a division of S&P Global, or its affiliates ("SPDJI"), and have 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 and Dow Jones® U.S. Real Estate 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.
Bloomberg Commodity IndexSM: "Bloomberg®" and "Bloomberg Commodity IndexSM" are service marks of Bloomberg Finance L.P. and its affiliates (collectively, "Bloomberg") and have been licensed for use for certain purposes by Pruco Life Insurance Company. Neither Bloomberg nor UBS Securities LLC and its affiliates (collectively, "UBS") are affiliated with Pruco Life Insurance Company, and Bloomberg and UBS do not approve, endorse, review, or recommend PruSecure. Neither Bloomberg nor UBS guarantees the timeliness, accurateness, or completeness of any data or information relating to Bloomberg Commodity IndexSM.
Bloomberg U.S. Intermediate Credit Index: BLOOMBERG® is a trademark and service mark of Bloomberg Finance L.P. and its affiliates (collectively "Bloomberg"). Bloomberg or Bloomberg's licensors, own all proprietary rights in the Bloomberg Indices. Bloomberg is not affiliated with Pruco Life Insurance Company nor approves, endorses, reviews or recommends PruSecure. Bloomberg does not guarantee the timeliness, accurateness or completeness of any data or information relating to the Bloomberg U.S. Intermediate Credit Index, and shall not be liable in any way to or Pruco Life Insurance Company investors in or owners of PruSecure or other third parties in respect of the use or accuracy of the Bloomberg U.S. Intermediate Credit Index or any data included therein.
Annuity contracts contain exclusions, limitations, reductions of benefits, and terms for keeping them in force. Your licensed financial professional can provide you with complete details.
Your needs and suitability of annuity products and benefits should be carefully considered before investing.
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.
This material may not be approved in all states.
Issued on the following contracts:
Contract: ICC21-P-FIAE(10/21), P-FIAE/IND(10/21) or state variation thereof.
Endorsements: ICC21-P-FIA-MVA(10/21), ICC21-P-FIA-P2P(10/21), ICC21-P-FIA-P2P-PAR(10/21), P-END-FIA-MVA(10/21), P-END-FIA-P2P(10/21), P-END-FIA-P2P-PAR(10/21) or state variation thereof with schedules ICC21-P-FIA-MVA-SCH(10/21), ICC21-P-FIA-P2P-SCH(10/21), ICC21-P-FIA-P2P-PAR-SCH(10/21), P-END-FIA-MVA-SCH(10/21), P-END-FIA-P2P-SCH(10/21), P-SCH-FIA-P2P-PAR(10/21), FIA-TR(2/26), FIA-TR-SCH(2/26), ICC25-FIA-TR(2/26), ICC25-FIA-TR-SCH(2/26)
1003623-14
1003623-00014-00
For Compliance Use Only: