Is your future as financially secure
as you think?
Chances are Social Security and
your pension won’t be enough to pay for the retirement
you have in mind. Even if you contribute to a 401(k) plan and
an IRA, you may come up short in cash later in life. With increasing
life expectancies, your retirement could last 30 years or longer.
Plus, the effects of inflation will erode your purchasing
power throughout your retirement years. Considering all of these
challenges, how can you reach your retirement income goals?
An annuity may help you get there.
Put the power of an annuity to work
for you.
Annuities are long-term vehicles
specifically designed to supplement retirement income. They
can supply you with retirement income that you cannot outlive.
With annuities, there are no IRS imposed annual contribution
limits and any earnings grow tax-deferred until they are withdrawn
or you begin to receive annuity income payments.
Retirement income
You have many options when the time
comes to start drawing income from your annuity, including payments
guaranteed for life. Annuities can also offer you liquidity
and an opportunity to keep up with or outpace inflation. Please
note that withdrawals may be subject to surrender charges and,
if taken prior to age 59 ½ , withdrawals of earnings
are subject to ordinary income tax to the extent of gain and
a 10% federal income tax penalty may also apply.
Death benefits
If you die before you use the money
in your variable annuity, the issuing company will pay a death
benefit to your beneficiaries.
Choice and flexibility
We offer a variety of annuity products
- variable, fixed, immediate income, and modified guaranteed
annuities — to help you meet your retirement income goals.
Prudential Financial’s acquisition
of American Skandia strengthens our commitment to deliver
innovative investment solutions to our clients. Using proprietary,
research-based investment discipline, American Skandia brings
together top independent money managers from throughout the
industry to create a wide range of products.
Variable
Annuities: Plan for retirement with a wide range
of investment options, professional money management,
a tax deferral, income options and death benefits.
Variable annuities have potential to keep up with
and even outpace inflation.
Fixed Annuities
Fixed
Annuities: For more conservative investors,
a safe and steady way to grow assets at a fixed
rate of interest with a tax deferral.
Immediate-Income Annuities
Immediate-Income
Annuities: Make one purchase payment and begin
receiving annuity payments soon after. You choose
the payout period, including a lifetime income.
Modified Guaranteed Annuities
Modified
Guaranteed Annuities: Provide tax-deferred earnings
with long-term fixed rate options. Also known as
Market Value Adjustment (MVA) annuities.
Variable annuities
will fluctuate and may be worth more or less than the original
purchase payments. Variable annuities have fees, expenses and
annual administrative and insurance charges. All guarantees
are backed by the claims-paying ability of the issuer.
Like most annuity
contracts, our contracts contain exclusions, limitations, reductions
of benefits and terms for keeping them in force. Your licensed
financial professional can provide you with costs and complete
details.
For more information
about variable annuities, including charges and expenses, please
contact your Prudential Professional for a free prospectus.
Please read it carefully before purchasing a contract.
Annuities are issued
by Pruco Life Insurance Company (in NY, issued by Pruco Life
Insurance Company of New Jersey), both located at 213 Washington
Street, Newark, NJ 07102, The Prudential Insurance Company of
America, 751 Broad Street, Newark, NJ 07102, or by American
Skandia Life Assurance Corporation, Shelton, CT. Variable annuities
are distributed by Prudential Investment Management Services
LLC, (PIMS), Three Gateway Center, 14th Floor, Newark, NJ 07102-4077
and American Skandia Marketing, Incorporated., (ASM) Shelton
CT. Both PIMS and ASM are members SIPC.All companies mentioned
are Prudential Financial companies and each is solely responsible
for their own respective financial conditions and contractual
obligations.
