SurePath Income
SurePath Income
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Ratings:
- A.M. Best A+
- Fitch AA-
- S&P AA-
- Moody's Aa3
- Comdex 94
About Product
Type
Fixed Index
Purpose
Lifetime Income
Term
10 Years
Surrender schedule
10%9%8%7%6%5%4%3%2%1%
Fee withdrawal:
10%
Market Value Adjustment
Yes
Return Of Premium
No
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
Launch Date
07/15/2019
SurePath Income Fixed Indexed Annuity offers your clients guaranteed lifetime income, and principal protection from market declines with growth opportunities.
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, 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
|
| 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%
Cap
|
| 1-Year Goldman Sachs Voyager PTP Participation Rate |
Point to Point
Annual
|
105%
Participation
|
| 3-Year Goldman Sachs Voyager PTP Participation Rate |
Point to Point
Triennial
|
135%
Participation
|
| 3-Year MSCI EAFE PTP Participation Rate |
Point to Point
Triennial
|
30%
Participation
|
| 3-Year S&P 500 PTP Participation Rate |
Point to Point
Triennial
|
30%
Participation
|
| 3-Year S&P 500 PTP Cap |
Point to Point
Triennial
|
15%
Cap
|
| 3-Year MSCI EAFE PTP Cap |
Point to Point
Triennial
|
15%
Cap
|
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 |
|---|---|---|
| SurePath Income Rider | Yes | 1.00% annually (2.50% max) |
Waivers
Death
The MVA and Surrender Charge do not apply tothe 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).
Premium Notes
The Goldman Sachs Voyager Index includes an annual 0.50% index fee, which accrues daily, meaning that a small portion of the fee is removed from the Index each day. The index fee is included in order to account for index rebalancing, maintenance and hedging and transaction costs.
Note: TSP funds have to be rolled into an IRA.
Note: TSP funds have to be rolled into an IRA.
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.
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.
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