Prudential Annuities has rolled out the latest version of its Highest Daily variable annuity optional living benefits.
The Highest Daily Lifetime Income v3.0 and Spousal Highest Daily Lifetime Income v3.0 allow investors to ‘lock in’ the highest daily value of their annuity contract every day for income purposes.
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The new benefits address the market demand for products that guarantee retirement income through new features including Dynamic Rate Setting, Secure Value Account, and Investment Platform Updates.
Prudential Annuity Distributors president Bruce Ferris said the launch reinforces the company’s commitment to providing Americans with income certainty in retirement.
"Our innovative Highest Daily benefits continue to provide investors with a strong minimum lifetime income guarantee, daily lock-ins of account value highs for income purposes, and the potential to benefit from rising equity markets, as well as help secure protection in unfavorable ones," Ferris added.
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