What is prudential annuity? The Prudential Defined Income Variable Annuity is a variable annuity with a Guaranteed Lifetime Withdraw Benefit (GLWB). The GLWB guarantees a lifetime income for the contract owner no matter how long they live or what the market does. Even if the investment portfolio went to zero, the GLWB keeps on paying income.Can annuities go bankrupt? Owner, The Insurance Pro Blog, Insurance companies that issue annuities can go bankrupt. This is an extremely rare event given the regulatory overview that exists in the insurance industry, but it is possible.Do annuities have required minimum distributions? Non-qualified annuities do not have required minimum distributions. However once an annuity is used as a product inside a qualified plan, the annuity is now qualified and subject to the required minimum distribution rules. Required minimum distributions start at age 70 ½.Can annuities be put in trust? How you put an asset into a trust will change the type of treatment it receives. While annuities are contracts between an insurance company and a living person, ownership of the annuity can be put into a trust if it suits the needs and interests of the annuitant.
800-621-1089 This website contains important information about your retirement benefits and the transition of those payments to Prudential. If you have questions please contact Prudential for assistance by calling 800-621-1089 weekdays, from 8 a.m. to 9 p.m. ET. Spanish speaking representatives and multilingual translators are available.
Prudential Annuities is a business of Prudential Financial, Inc. A variable annuity is a long-term investment designed for retirement purposes. Investment returns and the principal value of an investment will fluctuate so that an investor’s units, when redeemed, may be worth more or less than the original investment.