Variable annuities are distributed by Prudential Annuities Distributors, Inc., Shelton, CT. Issuing companies are located in Newark, NJ (main office). Not a deposit or other obligation of, or guaranteed by, any bank or its affiliates. Not FDIC insured | Not Insured by FDIC or any federal government agency Please consult your tax advisor for more information. The tax treatment will differ depending on whether you purchased your annuity with pretax (qualified) or after-tax (nonqualified) dollars. Also, it's important to note that if you take a withdrawal or annuitize your contract, taxes will apply. Any withdrawals taken before your first contract anniversary will be subject to surrender charges and an MVA will apply. If you make a full withdrawal of your annuity, you will receive the greater of your account value (minus any surrender charges and adjusted by any applicable MVA) and your Minimum Guaranteed Surrender Value. If you need more than the Free Withdrawal Amount, you can withdraw as much of your account value as you need, but keep in mind that surrender charges and an MVA will apply. Whether you’re a financial professional, producer, or sales partner, access your account to guide your clients.Īfter the first contract year, you may withdraw up to 10% of the account value (based on the previous contract anniversary, after all index/interest credits are applied) without surrender charges or a Market Value Adjustment (MVA). Learn how our workplace solutions can help your employees and members build a solid financial future.Įxplore PGIM, access strategic insights and fund information, and learn about risk transfer solutions.Įasily access all your accounts from a single destination as well as other individual account portals. Get in-depth guidance and explore unique solutions aimed to help your clients achieve their goals.
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