Prudential Premier Retirement Variable Annuities B Series offered by Prudential

Introduction
Type of Product Variable Annuity
Product NamePrudential Premier Retirement Variable Annuities B Series
Offered byPrudential
Company Info

Prudential Financial is a l... read more

Contract and Purchasing
Minimum Premium Payment1000
Maximum Premium Payment1000000
Minimum Additional Premium Payment100
Maximum Age at Start of Contract85
Investments
Ability to Select Asset AllocationYes
Total Number of Investment Options61 [Find annuities with more investment options]
Fixed Account
Features and Benefits
Free WithdrawalsYes
Free Withdrawal Limit10
Waiver of Withdrawal ChargesAvailable
Guaranteed Death BenefitAvailable
Are Telephone Transactions AllowedYes
Fees and Expenses
Minimum Total Fees and Expenses1.92 [Find annuities with lower fees and expenses]
Maximum Total Fees and Expenses2.96 [Find annuities with lower fees and expenses]
Minimum Mortality and Expense Risk Charge "M&E Fee"1.15 [Find annuities with lower mortality and expense fees]
Maximum Mortality and Expense Risk Charge "M&E Fee"1.15 [Find annuities with lower mortality and expense fees]
Administrative Fee50.00 [Find annuities with lower administrative fees]
Contract Maintenance Fee0.15 [Find annuities with lower contract maintenance fees]
Early Withdrawal Charges / Surrender Fees
Minimum Investment Management Fee0.62 [Find annuities with lower investment management fees]
Maximum Investment Management Fee1.66 [Find annuities with lower investment management fees]
Sales Compensation
Maximum Commissions7 [Find annuities with lower commissions] [Find annuities with higher commissions]
Contact Information
Company OfferingPrudential
Company TypeInsurance Company
Phone Number888-778-2888
Websitewww.prudential.com
Talk to a Financial Advisor
Contact Information Connect with a Financial Advisor
Reviews and Ratings
Average Review

5/5 from 3 Reviews


Key Phrases:
Annuity Product Types: 
Key Phrases: 

Product Ratings and Reviews

Rating:
5
Average: 5 (1 vote)

The B series has a fee structure that is lower than the other variable annuities in the same Prudential series.

The L, X and C products from Pru seem to have insurance charges that start at a higher level and then decrease after some period of time.

The insurance charges for the B series stay the same throughout the life of the contract.

M&E fees are 1.15 percent and contract fees are another 15 basis points for a total insurance charge of 1.3 percent.

Contingent deferred sales charges are also a bit lower than the other annuities in this series.

1,099 reads
Rating:
5
Average: 5 (1 vote)

Why would anyone even bother consdering a variable annuity from any company outside of the few that dominate the industry?

Prudential is one of the leading companies and they appear committed to the variable annuity market for the long-haul.

Other companies (Hartford is a great example) are leaving the variable annuity industry as fast as they can.

They don't have the resources, distribution and staying-power to compete with the larger players such as Pru, Met Nationwide and Lincoln.

What do financial advisors say to their clients who are in Hartford products?  Sorry, but that great VA you purchased before the financial crisis is no longer available?  Ouch.

The VA industry is dominated by a handful of companies.  This is not going to change anytime soon.

It only makes sense to work with the companies that are committed to the market.

1,435 reads
Rating:
5
Average: 5 (1 vote)

This Pru product has been great for a handful of our clients.

The cost structure for the B series is a bit more attractive than the C, L or X products.

The B series is a pretty straightforward variable annuity that can include any of the optional guaranteed livig benefits offered by Prudential.

 

1,066 reads

While efforts are made to keep information on this page accurate and updated, the information shown on this page may be variable or out of date. Always check the issuing company's website or other public data listings for the latest information applicable to you as actual information may vary.