FlexGuard Income
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Highlights
The Prudential FlexGuard Income index-linked and variable annuity Contract issued by PALAC is a contract between you, the Owner, and Prudential Annuities Life Assurance Corporation, an insurance company. It is designed for retirement purposes, or other long-term investing, to help you save money for retirement, on a tax deferred basis, and provide income during your retirement.
The Index Linked Variable Income Benefit (the “Benefit”) attached to this Annuity has three distinct stages, the Savings Stage, Income Stage, and Insured Income Stage. During the Savings Stage, the Annuity provides a Variable Subaccount and Index Strategies as opportunities for growth or loss, with levels of downside protection available when allocating to the Index Strategies. During the Income Stage it provides lifetime income with potential for increases in income and some downside protection.
The Index Linked Variable Income Benefit (the “Benefit”) attached to this Annuity has three distinct stages, the Savings Stage, Income Stage, and Insured Income Stage. During the Savings Stage, the Annuity provides a Variable Subaccount and Index Strategies as opportunities for growth or loss, with levels of downside protection available when allocating to the Index Strategies. During the Income Stage it provides lifetime income with potential for increases in income and some downside protection.
Variable Subaccount
Variable Subaccount PSF PGIM Government Money Market Portfolio “Class III“ available after the contract issue date and prior to the election to start income.
Variable Subaccount PSF PGIM Government Money Market Portfolio “Class III“ available after the contract issue date and prior to the election to start income.
A Mortality & Expense & Administrative (M&E&A) of 1.30%, as well as a fund management charge, applies to account value allocated to the Variable Subaccount. Refer to the prospectus for details.
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, PA, PR, RI, SC, SD, TN, TX, UT, VT, VA, WA, WV, WI, and WY
|
Type
|
Fixed Index
|
|---|---|
|
Term
|
6 Years |
|
Surrender schedule
|
7%7%6%5%4%3% |
|
Free withdrawal
|
10% |
|
Market value adjustment
|
|
|
Return of premium
|
|
|
Minimum contribution
|
$25,000 |
|
Types of funds
|
Non-Qualified, Profit Sharing, IRA, Pension, IRA Rollover, 401a, TSA 403b, SEP IRA, KEOGH, IRA-Roth, 457 plan, Inherited IRA, NQ Stretch, and TSP |
Brochure
|
Open brochure |
Find out if the FlexGuard Income is the right product for you.
Allocation Accounts
| Name | Type | Rates |
|---|---|---|
| 6-Year S&P 500 Dual Directional Cap 15% Buffer |
Dual Directional
6-Year
|
350%
Cap
|
| 6-Year S&P 500 Dual Directional Cap 20% Buffer |
Dual Directional
6-Year
|
200%
Cap
|
| 1-Year S&P 500 Dual Directional Cap 15% Buffer |
Dual Directional
Annual
|
10.5%
Cap
|
| 1-Year S&P 500 Dual Directional Cap 10% Buffer |
Dual Directional
Annual
|
13.75%
Cap
|
| 6-Year S&P 500 Dual Directional Cap 10% Buffer Uncapped |
Dual Directional
6-Year
|
|
| 6-Year AB 500 Plus Tiered Participation Rate (5% tier) with 5% Buffer |
Tiered Participation Rate
6-Year
|
100%
Participation
|
| 6-Year AB 500 Plus Tiered Participation Rate (15% tier) with 10% Buffer |
Tiered Participation Rate
6-Year
|
100%
Participation
|
| 6-Year Dimensional International Equity Focus Tiered Participation Rate (20% tier) with 10% Buffer |
Tiered Participation Rate
6-Year
|
100%
Participation
|
| 6-Year Dimensional International Equity Focus Tiered Participation Rate (20% tier) with 5% Buffer |
Tiered Participation Rate
6-Year
|
100%
Participation
|
| 6-Year S&P 500 Tiered Participation Rate (20% tier) with 5% Buffer |
Tiered Participation Rate
6-Year
|
100%
Participation
|
| 6-Year iShares Russell 2000 ETF Tiered Participation Rate (20% tier) with 5% Buffer |
Tiered Participation Rate
6-Year
|
100%
Participation
|
| 6-Year MSCI EAFE Tiered Participation Rate (20% tier) with 5% Buffer |
Tiered Participation Rate
6-Year
|
100%
Participation
|
| 6-Year S&P 500 Tiered Participation Rate (20% tier) with 10% Buffer |
Tiered Participation Rate
6-Year
|
100%
Participation
|
| 6-Year MSCI EAFE Tiered Participation Rate (20% tier) with 10% Buffer |
Tiered Participation Rate
6-Year
|
100%
Participation
|
| 3-Year AB 500 Plus PTP Cap 10% Buffer Uncapped |
Point to Point
Triennial
|
|
| 6-Year AB 500 Plus PTP Cap 20% Buffer Uncapped |
Point to Point
6-Year
|
|
| 6-Year Dimensional International Equity Focus PTP Cap 20% Buffer Uncapped |
Point to Point
6-Year
|
|
| 3-Year AB 500 Plus PTP Cap 20% Buffer Uncapped |
Point to Point
Triennial
|
|
| 6-Year Dimensional International Equity Focus PTP Cap 30% Buffer |
Point to Point
6-Year
|
100%
Cap
|
| 1-Year S&P 500 PTP Cap 30% Buffer |
Point to Point
Annual
|
11%
Cap
|
| 1-Year MSCI EAFE PTP Cap 30% Buffer |
Point to Point
Annual
|
11%
Cap
|
| 1-Year Invesco QQQ PTP Cap 30% Buffer |
Point to Point
Annual
|
11%
Cap
|
| 1-Year iShares Russell 2000 ETF PTP Cap 30% Buffer |
Point to Point
Annual
|
11%
Cap
|
| 6-Year S&P 500 PTP Cap 30% Buffer |
Point to Point
6-Year
|
100%
Cap
|
| 6-Year MSCI EAFE PTP Cap 30% Buffer |
Point to Point
6-Year
|
120%
Cap
|
| 6-Year iShares Russell 2000 ETF PTP Cap 30% Buffer |
Point to Point
6-Year
|
105%
Cap
|
| 6-Year AB 500 Plus PTP Cap 30% Buffer |
Point to Point
6-Year
|
105%
Cap
|
| 1-Year S&P 500 PTP Cap 10% Buffer |
Point to Point
Annual
|
18%
Cap
|
| 3-Year iShares Russell 2000 ETF PTP Cap 10% Buffer Uncapped |
Point to Point
Triennial
|
|
| 1-Year iShares Russell 2000 ETF PTP Cap 10% Buffer |
Point to Point
Annual
|
18%
Cap
|
| 1-Year Invesco QQQ PTP Cap 10% Buffer |
Point to Point
Annual
|
18%
Cap
|
| 1-Year MSCI EAFE PTP Cap 10% Buffer |
Point to Point
Annual
|
19%
Cap
|
| 1-Year S&P 500 PTP Cap 15% Buffer |
Point to Point
Annual
|
14.75%
Cap
|
| 1-Year iShares Russell 2000 ETF PTP Cap 15% Buffer |
Point to Point
Annual
|
16%
Cap
|
| 1-Year Invesco QQQ PTP Cap 15% Buffer |
Point to Point
Annual
|
16%
Cap
|
| 1-Year MSCI EAFE PTP Cap 15% Buffer |
Point to Point
Annual
|
13.5%
Cap
|
| 1-Year S&P 500 PTP Cap 100% Buffer |
Point to Point
Annual
|
9%
Cap
|
| 3-Year S&P 500 PTP Cap 10% Buffer Uncapped |
Point to Point
Triennial
|
|
| 3-Year MSCI EAFE PTP Cap 10% Buffer Uncapped |
Point to Point
Triennial
|
|
| 3-Year S&P 500 PTP Cap 20% Buffer Uncapped |
Point to Point
Triennial
|
|
| 3-Year iShares Russell 2000 ETF PTP Cap 20% Buffer Uncapped |
Point to Point
Triennial
|
|
| 3-Year MSCI EAFE PTP Cap 20% Buffer Uncapped |
Point to Point
Triennial
|
|
| 6-Year S&P 500 PTP Cap 20% Buffer Uncapped |
Point to Point
6-Year
|
|
| 6-Year iShares Russell 2000 ETF PTP Cap 20% Buffer |
Point to Point
6-Year
|
150%
Cap
|
| 6-Year MSCI EAFE PTP Cap 20% Buffer Uncapped |
Point to Point
6-Year
|
|
| 1-Year S&P 500 Step Rate with Participation Rate 10% Buffer |
Performance Triggered
Annual
|
70%
Participation
9.5%
Performance triggered
|
| 1-Year S&P 500 Step Rate with Participation Rate 5% Buffer |
Performance Triggered
Annual
|
70%
Participation
9.75%
Performance triggered
|
| 1-Year MSCI EAFE Step Rate with Participation Rate 5% Buffer |
Performance Triggered
Annual
|
70%
Participation
9.75%
Performance triggered
|
Surrender schedule
| Year | 1 | 2 | 3 | 4 | 5 | 6 |
|---|---|---|---|---|---|---|
| Penalty | 7% | 7% | 6% | 5% | 4% | 3% |
Riders
| Name | Inbuilt | Fee |
|---|---|---|
| Index Linked Variable Income Benefit Supplement | Yes | 1.45% annually |
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