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Best Guaranteed Annuity Rates
2-Year
5.70%
3-Year
6.25%
5-Year
6.50%
7-Year
5.85%
10-Year
5.80%
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Fixed Annuity with Daily Advantage Income Benefit

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Learn how an annuity can provide guaranteed income for life.

Highlights

Premium Type
Single Premium with Additional
Min age Qualified
45
Max age Qualified
85
Minimum Contribution
$25,000
Maximum Contribution
$1,000,000
Market value adjustment
Return of premium
Free withdrawal
 10%
Launch date
 10/01/2021
Types of funds
 Non-Qualified, IRA, IRA Rollover, IRA Transfer, IRA-Roth, NQ Stretch, and TSP
Brochure
 Open brochure
The Prudential Fixed Annuity is a modified single premium deferred fixed annuity which includes a guaranteed lifetime withdrawal benefit (Daily Advantage Income). The Prudential Fixed Annuity is a financial planning tool designed for someone who wants an opportunity for earning tax-deferred interest and a regular stream of income once you elect to begin your Lifetime Withdrawals. Your Purchase Payment(s) will be allocated to the 7 Year Guaranteed Interest Crediting Period. The interest credited for the initial Crediting Period is based on the Initial Interest Crediting Rate effective on the Issue Date of the Annuity for the Crediting Period. The Interest Crediting Rate is an effective annual yield of interest which is compounded and credited daily.

Free Withdrawals
  • 10% of total Purchase Payment(s) allowed in the first contract year
  • After the first contract year, the client may withdraw up to 10% of the Account Value on the previous contract anniversary
Death Benefit
  • Equal to the greater of the Account Value, or the Minimum Guaranteed Surrender Value or Stored Income (if applicable).
  • If the contract is co-owned with a spouse, the Death Benefit is payable upon the death of the first owner.
Note: TSP funds have to be rolled into an IRA.

Find out if the Fixed Annuity with Daily Advantage Income Benefit is the right product for you.

MYGA Interest Rates

Term
Rate
Annual percentage yield (APY)
earned over the investment term
7 years 3%

Riders

Name Inbuilt Fee
Daily Advantage Income Benefit Yes 0.95% annually (1.50% 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 Fixed 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) after the Annuity Issue Date.

Annuitization

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

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