Fixed index annuity review and rates
PruSecure Select 5
The PruSecure Select annuity is a single premium deferred fixed indexed annuity. A fixed indexed annuity is a financial planning tool designed for the long term. The interest credited to an indexed annuity is based on the change in one or more external market indexes.
Available in states:
AL, AK, AZ, AR, CA, CO, CT, DE, DC, FL, GA, HI, ID, IL, IN, IA, KS, KY, LA, ME, MD, MA, MI, MN, MS, MO, MT, NE, NV, NH, NJ, NM, NC, ND, OH, OK, OR, PA, PR, RI, SC, SD, TN, TX, UT, VT, VI, VA, WA, WV, WI, and WY
Allocation Accounts
| Name | Type | Rates |
|---|---|---|
| 1-Year Fixed Account |
Fixed
|
1%
Fixed
|
| 1-Year Dow Jones U.S. Real Estate PTP Cap |
Point to Point
Annual
|
2%
Cap
|
| 1-Year S&P 500 PTP Cap |
Point to Point
Annual
|
2%
Cap
|
| 1-Year Fixed Account |
Fixed
|
1%
Fixed
|
| 1-Year Dow Jones U.S. Real Estate PTP Cap |
Point to Point
Annual
|
2%
Cap
|
| 1-Year S&P 500 PTP Cap |
Point to Point
Annual
|
2%
Cap
|
Surrender schedule
| Year | 1 | 2 | 3 | 4 | 5 |
|---|---|---|---|---|---|
| Penalty | 9% | 9% | 8% | 7% | 6% |
Prudential Insurance Company of America (pending approval)
Founded:
1875
A.M. Best:
A+
Fitch:
AA-
S&P:
A+
Moody's:
Aa3
Brochure
Free withdrawal
1st year: 0%
2nd+ year: 10%
2nd+ year: 10%
Surrender schedule
5 years
Return of premium
Market value adjustment
Minimum contribution
$10,000
Types of funds
Non-Qualified, IRA, IRA Rollover, IRA-Roth, NQ Stretch, and TSP