Modified Guaranteed Annuities Print Printer-friendly version
 
Why choose a modified guaranteed annuity?
Modified guaranteed annuities offer predictable earnings for a selected guarantee period, such as five, seven or ten years. They can be attractive to investors who want returns without the uncertainty of the equities markets.
 
How does it work?
To earn the guaranteed rate, you must hold the annuity contract to the end of the guarantee period.1 Early withdrawals can result in a market value adjustment2, and perhaps a withdrawal charge.
 
Earnings are not taxed until withdrawn, most likely during your retirement. Withdrawals of earnings are subject to ordinary income tax to the extent of gain and a 10% federal income tax penalty may apply prior to age 59 ½. You have a choice of payout options, including a lifetime income.
 
Strategic PartnersSM Horizon Annuity
Protect your principal while you earn a fixed rate of interest if the contract is held to maturity. You choose the payout option and can also safeguard your beneficiaries with a probate-free death benefit. Issued by Pruco Life Insurance Company, Newark, NJ.3
 
Protection For Your Beneficiaries
If you die after payments begin and within the Designated Period or Installment Refund Period, payments will continue to your beneficiary.