What is Premier Retirement b Series?

What is Premier Retirement b Series?

The Prudential Premier Retirement B Series variable annuity offers more than 61 different, professionally managed investment options, each covering a wide range of styles and classes. As with other types of annuities, the B-Series also provides investors the ability to invest tax-deferred.

Is Prudential a good annuity company?

Issuer Review: Prudential Financial Annuities are NOT guaranteed. They are only backed by the ability of the issuing insurance company’s ability to pay. Standard & Poor’s rates Prudential AA- and Fitch rates them A+. Prudential has over 1.3 million annuity contract holders.

What is a Lifetime Income Accelerator?

Prudential’s optional Highest Daily income rider allows investors to reset the value of their lifetime income benefit base to the high water mark of their account value regardless of what day the high water mark occurs on. …

Do Variable annuities have charges and fees?

Variable annuities have investment and management fees. These fees can be referred to as expense ratios, 12b-1 fees or service fees. They can range from 0.6 percent to more than 3 percent each year.

What is an annuity prospectus?

The prospectus contains important information about the annuity contract, including fees and charges, invest- ment options, death benefits, and annuity payout options. You should compare the benefits and costs of the annuity to other variable annuities and to other types of invest- ments, such as mutual funds.

Can I sell my Prudential annuity?

As with any other annuity, once you bought it, the decision is irreversible and it is extremely difficult, and mostly impossible, to sell. Hence it is imperative that you seek the advice of an independent financial adviser to ensure that any decision is right for you.

What is the truth about annuities?

Annuities come with a variety of settlement options that can provide a steady income stream. Additionally, an income rider may be added to a fixed-indexed annuity for an additional charge to help grow your income base and guarantee your income. MYTH: Annuities are too expensive.

What is the largest fee in a variable annuity?

But variable annuity fees can be as high as 3.00% or more per year. Higher fees mean less of the investment returns come back into your account.

How much does a financial advisor make on an annuity?

Annuities: Annuity commissions are generally built into the price of the contract. Commissions usually range anywhere from 1% to 10% of the entire contract amount, depending on the type of annuity. For example, fixed-indexed annuities generally earn advisors a 4% commission.