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Elevate Income

Serving as another subsidiary of the global Prudential Financial, Inc., Pruco Life Insurance Company is a top-tier provider of insurance, retirement planning, and investment management products and services. The company was founded in 1971 to operate as a key constituent of Prudential’s life insurance and annuity business. With a mission to provide its clients with the growth and protection they require in retirement, the company has consistently maintained high credit scores throughout its years in the industry.

Elevate Income

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About Product

Type

Fixed Index

Purpose

Lifetime Income

Term

10 Years

Surrender schedule

10%

Fee withdrawal:

10%

Market Value Adjustment

Yes

Return Of Premium

Minimum Contribution

$25,000

Maximum Contribution

$1,000,000

Max Age Qualified

Types Of Funds

Non-Qualified, Traditional IRA, IRA Rollover, IRA Transfer, SEP IRA, IRA-Roth, 1035 Exchange, NQ Stretch, TSP, Roth Conversion (Partial), and Roth Conversion (Full)

Launch Date

06/01/2026

Elevate Income is a fixed indexed annuity designed to help clients pursue lifetime income while maintaining flexibility and control of their assets.

The product offers interest‑crediting potential based on the selected index -based strategies and market indices. Clients are not directly invested in the market; instead, interest may be credited based on index performance subject to the applicable cap and participation rates, while principal is protected from market downturns.

The product includes a built‑in living benefit that allows income to be generated without annuitizing the contract. Clients remain invested in the annuity and can turn income payments on or off, helping them adapt to changing income needs while retaining access to their account value.
Elevate Income is intended for clients seeking a solution that combines protected accumulation with a flexible approach to generating lifetime income.

Available in states: AL, AK, AZ, AR, 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, NM, NC, ND, OH, OK, PA, RI, SC, SD, TN, TX, UT, VT, VA, WA, WV, WI, and WY

Allocation Accounts

Name	Type	Rates
1-Year Fixed Account	Fixed	3% Fixed
2-Year Goldman Sachs Voyager PTP Participation Rate	Point to Point Biennial	110% Participation
1-Year S&P 500 PTP Participation Rate	Point to Point Annual	20% Participation
1-Year S&P 500 PTP Cap	Point to Point Annual	4% Cap
1-Year MSCI EAFE PTP Participation Rate	Point to Point Annual	20% Participation
1-Year MSCI EAFE PTP Cap	Point to Point Annual	4.25% Cap
1-Year Goldman Sachs Voyager PTP Participation Rate	Point to Point Annual	102% Participation
3-Year Goldman Sachs Voyager PTP Participation Rate	Point to Point Triennial	130% Participation
3-Year MSCI EAFE PTP Participation Rate	Point to Point Triennial	28% Participation
3-Year S&P 500 PTP Participation Rate	Point to Point Triennial	28% Participation
3-Year S&P 500 PTP Cap	Point to Point Triennial	14% Cap
3-Year MSCI EAFE PTP Cap	Point to Point Triennial	14.25% Cap
1-Year Dimensional US Innovation PTP Cap	Point to Point Annual	11% Cap
1-Year Dimensional US Innovation PTP Participation Rate	Point to Point Annual	90% Participation
3-Year Dimensional US Innovation PTP Participation Rate	Point to Point Triennial	140% Participation
1-Year J.P. Morgan AQUA PTP Cap	Point to Point Annual	9% Cap
1-Year J.P. Morgan AQUA PTP Participation Rate	Point to Point Annual	75% Participation
2-Year J.P. Morgan AQUA PTP Participation Rate	Point to Point Biennial	100% Participation
3-Year J.P. Morgan AQUA PTP Participation Rate	Point to Point Triennial	115% Participation
1-Year Franklin Spotlight PTP Cap	Point to Point Annual	11% Cap
3-Year Franklin Spotlight PTP Participation Rate	Point to Point Triennial	140% Participation
2-Year Franklin Spotlight PTP Participation Rate	Point to Point Biennial	115% Participation
1-Year Franklin Spotlight PTP Participation Rate	Point to Point Annual	90% Participation
1-Year PGIM Quant US Multi-Asset Positioning PTP Participation Rate	Point to Point Annual	105% Participation
2-Year PGIM Quant US Multi-Asset Positioning PTP Participation Rate	Point to Point Biennial	155% Participation
3-Year PGIM Quant US Multi-Asset Positioning PTP Participation Rate	Point to Point Triennial	195% Participation
2-Year Dimensional US Innovation PTP Participation Rate	Point to Point Biennial	115% Participation

Surrender schedule

Year	1	2	3	4	5	6	7	8	9	10
Penalty	10%	9%	8%	7%	6%	5%	4%	3%	2%	1%

Riders

Name	Inbuilt	Fee
Elevate Income Rider	Yes	1.20% annually (2.50% max)

Waivers

Death

The MVA and Surrender Charge do not apply to the Death Benefit.

Terminal Illness

Unavailable in states: CA

The MVA and Surrender Charge do not apply to a Withdrawal or Surrender taken as a Medically Related Surrender where the Owner (or Annuitant if your Prudential Elevate annuity is owned by an entity) is diagnosed with a terminal illness or confined to a Medical Care Facility for 90 consecutive days (subject to regulatory approval).

Annuitization

The MVA and Surrender Charge do not apply to the Account Value applied to an Annuity Option on the Annuity Date.

RMD

The MVA and Surrender Charge do not apply to withdrawals taken from all contract types to satisfy distributions required by the tax law (“Required Minimum Distributions”) if the amount of the Withdrawal is calculated by Prudential based solely on the value of your Prudential Elevate Income annuity.

Premium Notes

Minimum premium payment

Initial: $25,000
Subsequent: Not Permitted

Issue ages

Minimum: 45
Maximum: 85
Contracts may not be issued on or after the 86th birthday of the oldest of all owners and annuitants

Withdrawal Provisions

Free withdrawals In the first contract year, you may withdraw up to 10% of the total premium, without incurring Surrender Charges or a Market Value Adjustment (MVA). 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 an MVA. Market Value Adjustment (MVA) Withdrawals in excess of the Free Withdrawal amount during the Surrender Charge period are subject to a Market Value Adjustment (MVA).This adjustment may either increase or decrease the amount withdrawn and is determined by a formula that is based on an external index: Barclays U.S. Credit Index.

Company Founded: 1971

TOP Rated Company

Pruco Life Insurance Company

Company Ratings

4.7