SurePath 7
Highlights
The Prudential SurePath annuity is a single premium deferred fixed indexed annuity.
Type
|
Fixed Index |
---|---|
Purpose | Accumulation |
Term
|
7 Years |
Surrender schedule
|
9%9%8%7%6%5%4% |
Free withdrawal
|
10% |
Market value adjustment
|
|
Return of premium
|
|
Launch date
|
06/17/2019 |
Minimum contribution
|
$25,000 |
Maximum contribution
|
$1,000,000 |
Max Age Qualified
|
85 |
Types of funds
|
Non-Qualified, IRA, IRA Rollover, IRA Transfer, SEP IRA, IRA-Roth, 1035 Exchange, NQ Stretch, and TSP |
Brochure
|
Open brochure |
Find out if the SurePath 7 is the right product for you.
Premium Notes
Note: TSP funds have to be rolled into an IRA.
Withdrawal Provisions
After the first contract year, clients 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
Allocation Accounts
Name | Type | Rates |
---|---|---|
1-Year Fixed Account |
Fixed
|
3.75%
Fixed
|
3-Year MSCI EAFE PTP Cap |
Point to Point
Triennial
|
30%
Cap
|
3-Year S&P 500 PTP Cap |
Point to Point
Triennial
|
30%
Cap
|
3-Year S&P 500 PTP Participation Rate |
Point to Point
Triennial
|
45%
Participation
|
3-Year MSCI EAFE PTP Participation Rate |
Point to Point
Triennial
|
45%
Participation
|
3-Year Goldman Sachs Voyager PTP Participation Rate |
Point to Point
Triennial
|
245%
Participation
|
1-Year Goldman Sachs Voyager PTP Participation Rate |
Point to Point
Annual
|
185%
Participation
|
1-Year MSCI EAFE PTP Cap |
Point to Point
Annual
|
8.5%
Cap
|
1-Year MSCI EAFE PTP Participation Rate |
Point to Point
Annual
|
35%
Participation
|
1-Year S&P 500 PTP Cap |
Point to Point
Annual
|
8.5%
Cap
|
1-Year S&P 500 PTP Participation Rate |
Point to Point
Annual
|
35%
Participation
|
Surrender schedule
Year | 1 | 2 | 3 | 4 | 5 | 6 | 7 |
---|---|---|---|---|---|---|---|
Penalty | 9% | 9% | 8% | 7% | 6% | 5% | 4% |
Riders
No Riders for SurePath 7 annuity.
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 SurePath 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).
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