CUSIP Number:
74430A714
CUSIP Name:
7 Year Annuity
Product Policy Type:
Fixed Annuity
Inception Date:
18 May 2020
Close Date:
CUSIP Note:
Scrap Book:
The Prudential Fixed with Daily Advantage Income Select Benefit is a Modified Single Premium Fixed Annuity with Built-in Guaranteed Lifetime Withdrawal Benefit and market value adjustment for the Advisory Market. The initial minimum contribution is $25,000 for both qualified and non-qualified money.10% of the total purchase payments are available for withdrawal in year one and 10% of the previous anniversary contract value in year two or more. Free withdrawals are not cumulative for each contract year. MVA charges are waived in the event of Death. Withdrawals and taxable distributions may be subject to ordinary income tax and if made prior to age 59 1/2, may also be subject to a 10% federal income tax penalty. Guarantees based on claims paying ability of insurer. Products / features may not be available in all states. This is an annuity contract issued by an insurance company and not a bank product protected by the FDIC.
Last Modified:
30 Jan 2024 10:35