Positioning
Prudential-issued MYGA. Offered in standard term lengths with a guaranteed rate for the term.
Contract terms at a glance
Surrender period
3 to 10
Free withdrawal
10% per year beginning year 2 (varies by product)
Premium minimum
$10,000
Premium maximum
Per carrier underwriting
Riders
- Optional features per contract; MYGAs generally do not carry income riders
Best fit
- Consumers wanting a guaranteed fixed rate from a top-tier carrier
- Capital placement seeking tax deferral with predictable yield
What to watch for
- Rate guarantee applies for the term only; renewal rates are at the carrier discretion within contract limits
- Early withdrawal during the term triggers surrender charges and MVA
Verify on the carrier rate card
Cap rates, participation rates, rider charges, and surrender schedules change frequently. Before purchase, request and verify the following from the carrier or producer:
- Current declared rate by term length
- Surrender schedule by term variant
- MVA formula and reference rate
- Free withdrawal terms in year 1 vs years 2+
How to verify and source current information
- Current rate card and product brochure: Prudential direct or through a licensed independent producer.
- Statement of understanding (annuity contract disclosure document).
- For variable and indexed variable annuities: the SEC-registered prospectus (search EDGAR).
- Carrier financial strength ratings: A.M. Best, S&P Global Ratings, Moody's, Fitch.
- NAIC carrier search and statutory filings: content.naic.org.
- IRS Publication 575 (Pension and Annuity Income) for taxation: IRS Pub 575.
Compliance note
AnnuityMatchPro does not endorse, recommend, or sell the Prudential Fixed Annuity. This review is informational. Product features, surrender schedules, caps, participation rates, and rider charges vary by issue date, state, and underwriting. Confirm specific terms with the carrier or a licensed advisor before purchase. AnnuityMatchPro is not a registered investment adviser and is not a licensed insurance agency.