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Prudential Expands, Improves Highest Daily Lifetime 7 Plus Income Guarantee


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Prudential has made improvements to its optional Highest Daily Lifetime 7 Plus variable annuity rider, in addition to expanding its availability to investors 45 and older. According to the Retirement Income Reporter, the Highest Daily Lifetime 7 Plus option is a minimum income guarantee that locks in the highest daily value occuring during the annuity’s life. Until lifetime income starts, that value will grow by a 7% compound rate annually. 

Another new feature of this product is that if no lifetime withdrawals are taken in 25 years, Prudential will use an income base that is 600% of the account value when calculating income. Of course, the fees of this optional benefit will depend on which of many Prudential’s annuities is purchased.

For more information about the product mentioned in this article contact us here:

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