WealthGuard MYGA
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Learn how an annuity can provide guaranteed income for life.
Highlights
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Premium Type
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Single Premium
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Free withdrawal
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10% |
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Types of funds
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Non-Qualified, 401k, IRA, IRA Rollover, 401a, IRA Transfer, TSA 403b, SEP IRA, KEOGH, IRA-Roth, 457 plan, 1035 Exchange, Inherited IRA, and NQ Stretch |
Brochure
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Open brochure |
WealthGuard is a fixed-rate deferred annuity, designed for the long term, that provides tax-deferred growth for the time period you choose. Because it has a predetermined rate of return, you will know exactly what growth to expect — and because you aren’t invested in the markets, you are protected from market losses. What’s more, you can access a portion of your money when you need it, and can provide a legacy for your loved ones.
When you purchase your WealthGuard contract, you choose a term which we call the Initial Guaranteed Rate Period. During this term, the rate is guaranteed and won’t change. WealthGuard offers 3-, 5-, and 7-year Initial Guaranteed Rate Periods.
Issue Ages
0-85
Purchase Payment
$25,000 minimum/$1,000,000 maximum
Subsequent payments not permitted
Market Value Adjustment (MVA)
A positive or negative adjustment that applies during the Surrender Charge Period, and any subsequent multi-year renewal periods, to any withdrawals that exceed the Free Withdrawal Amount. The MVA is based on a formula designed to respond to interest rate changes that occur after the annuity has been purchased. Generally speaking:
When you purchase your WealthGuard contract, you choose a term which we call the Initial Guaranteed Rate Period. During this term, the rate is guaranteed and won’t change. WealthGuard offers 3-, 5-, and 7-year Initial Guaranteed Rate Periods.
Issue Ages
0-85
Purchase Payment
$25,000 minimum/$1,000,000 maximum
Subsequent payments not permitted
Market Value Adjustment (MVA)
A positive or negative adjustment that applies during the Surrender Charge Period, and any subsequent multi-year renewal periods, to any withdrawals that exceed the Free Withdrawal Amount. The MVA is based on a formula designed to respond to interest rate changes that occur after the annuity has been purchased. Generally speaking:
- If interest rates have increased at the time of withdrawal, the result will be a negative MVA
- If interest rates have decreased at the time of withdrawal, the result will be a positive MVA
Withdrawal Provisions
Free Withdrawal Amount:
Free Withdrawal Amount:
- First Contract Year: 10% of total purchase payments
- After the first Contract Year: 10% of prior year anniversary Account Value (after all interest has been calculated)
Required Minimum Distributions: RMD amounts calculated by Prudential are not subject to Surrender Charges or MVA.
Find out if the WealthGuard MYGA is the right product for you.
MYGA Interest Rates
| Term |
Rate
Annual percentage yield (APY)
earned over the investment term |
|---|---|
| 3 years | 4% |
| 5 years | 4.05% |
| 7 years | 4.35% |
Riders
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