Our Solution of Guaranteed Lifetime Income
Help increase your retirement income and guarantee it lasts a lifetime.
Make the most of your retirement with smart strategies for retirement income security from the Prudential companies.
- Pursue growth potential despite volatility.
- Protect retirement income from market downturns.
- Grow your Protected Withdrawal Value with a 5% growth guarantee.
Prudential helps grow your retirement income based on what's known as your Protected Withdrawal Value—the amount used to calculate your monthly income payments in retirement. The higher your Protected Withdrawal Value, the higher your monthly payments will be. It's the sum of your highest Account Value locked in on any day until your first Lifetime Withdrawal, plus guaranteed 5% compounded growth. The guaranteed growth rate applies to the Protected Withdrawal Value, not the Account Value. You'll receive 3% to 6% of this base amount (depending on your age at first withdrawal) as annual income for life—even if your actual account balance goes to zero*. So you're assured of retirement income. The Protected Withdrawal Value is available through withdrawals only and not available as cash or lump sum.
*If an excess withdrawal reduces your account value to zero, no further amount would be payable under the benefit.
- Guarantee your retirement income for as long as you live.
- Secure death benefit protection.
If you die, your beneficiaries will receive a Death Benefit unless your Account Value has been fully depleted by withdrawals. The amount of the death benefit will vary based on several factors. Your Financial Advisor can explain how it works in more detail.
Highest Daily Lifetime® Income is an innovative new solution designed for people in or nearing The Retirement Red Zone®, what Prudential calls the critical years before and after you retire.
With this optional benefit, available for a fee on variable annuities from the Prudential companies, you can help increase your income for retirement, protect it from market volatility and declines, and guarantee it lasts a lifetime.
Learn more about HD Lifetime® Income and its retirement income guarantees now.
See our solution for Guaranteed Lifetime Income
Take 5 easy steps to calculate your annual retirement income
How Do I Get Started?
Your Financial Advisor Can Help
I Don't Have An Advisor.
1. What to Know First
- No-hassle rollover
- Diversified asset allocation
- Professionally managed portfolio choices
To get started, work with your financial professional to evaluate the retirement savings you've already accumulated. Then decide what would be an appropriate portion to roll over into a variable annuity from the Prudential companies with the HD Lifetime® Income optional living benefit. An annuity is a contract with an insurance company that accumulates savings tax-deferred and offers the potential for guaranteed lifetime income.
Choose a turnkey portfolio that's right for you
Your financial professional can help you choose from a range of portfolios managed by well-regarded investment managers, based on your investment goals, time horizon, and risk tolerance. You can diversify by blending traditional asset classes such as stocks, bonds, and cash with non-traditional asset classes that don't necessarily move in step with stocks and bonds, like commodities, Treasury inflation-protected securities (TIPS), and exchange-traded funds (ETFs). Being diversified helps you manage risk. This technique, called asset allocation,
Learn more about the investing advantages of our variable annuities.
What comes next? See how HD Lifetime® Income helps your retirement income grow while helping to protect you from losses you can't afford now.
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2. How to Guarantee Growth of Your Protected Withdrawal Value for Retirement Income Purposes (whether markets move up or down)
- Lock in gains for retirement income purposes.
- Guarantee 5% annual compounded growth of your Protected Withdrawal Value.
- Protect against extended market downturns.
When you're in The Retirement Red Zone®, it's only natural to be concerned about volatility in the financial markets and what it might do to your retirement. Yes, there'll be up days and down days, just like any variable investment. But with HD Lifetime® Income on a variable annuity, every day your Account Value reaches a new high, that value is locked in and guaranteed for retirement income purposes. So you can ignore the down days. This is the time when you need to help increase and preserve your Protected Withdrawal Value—the amount used to generate regular lifetime income. That value is protected by our guarantee, which is why we call it your Protected Withdrawal Value. The growth guarantee of HD Lifetime® Income is designed to help you in ways no other solution can.
HD Lifetime® Income locks in gains for retirement income purposes—every day.
Every day your Account Value reaches a new high, HD Lifetime® Income locks it in and begins adding 5% annual compounded growth on top of that value. Imagine: every single day is an opportunity to permanently increase your Protected Withdrawal Value. The Protected Withdrawal Value is a separate value from your annuity's Account Value and is only available through withdrawals, not as cash or a lump sum. However, if you need to access your Account Value, it's available at any time.
Market downturn? Help protect yourself.
Even though your actual Account Value may fluctuate with the markets, your Protected Withdrawal Value is always locked in and growing, until your first Lifetime Withdrawal. So you're helping to increase your income for retirement while helping to protect it against losses during market downturns. No other annuity benefit locks in your investment's highs 100% of the time and never gives them back. Even if the markets go down, your Protected Withdrawal Value is guaranteed.
How does a Prudential annuity offer protection against market downturns?
During periods of market decline, a portion of your Account Value may be automatically transferred from the variable, stock-based portfolios you selected to an investment-grade bond portfolio.
When markets move up, money may be transferred back. This process could limit somewhat your ability to benefit from market recoveries, but it does help protect against market volatility and help reduce risk.
Now let's learn how HD Lifetime® Income can generate guaranteed Lifetime Income.
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3. How to Guarantee Lifetime Income
- Guaranteed income for life
- A measure of control kept over your retirement savings
- Opportunity to increase income in retirement
When you retire, the guaranteed withdrawal option of HD Lifetime® Income generates regular annual income for life. Prudential Annuities will provide guaranteed annual payments based on a percentage of your actual Account Value or your Protected Withdrawal Value, whichever is higher.
Receive 3% to 6% annual income, guaranteed for life.
Depending on your age when you begin taking withdrawals, you'll receive between 3% and 6% of your Protected Withdrawal Value annually. The money comes from your actual Account Value. Even if your account balance goes to zero, you will still receive the same annual income payment guaranteed for life, as long as you don't take more than your regular Annual Income Amount. So you're assured of retirement security.
Keep more control of your savings than with other optional benefits.
With the flexibility of HD Lifetime® Income, you don't have to give up all control of your savings to receive guaranteed Lifetime Income in retirement. Instead, you receive guaranteed annual income payments for life based on a percentage of your Protected Withdrawal Value. That's a whole new level of flexibility you just can't get with a traditional annuity.
Increase annual retirement income even after starting withdrawals.
That's right. At every contract anniversary, we'll compare your Account Value for every day over the past year to your Protected Withdrawal Value. If your highest daily value is higher than your Protected Withdrawal Value, and that in turn results in a higher Annual Income Amount, you get more guaranteed annual income for life.
HD Lifetime® Income is designed to seek the greatest Protected Withdrawal Value possible by locking in step-ups both before and after withdrawals begin.The possibility of a step-up after income begins is dependent upon the performance of the underlying subaccounts as well as the difference between your Protected Withdrawal Value and current Account Value (all of which are net of withdrawals and fees). After income begins, the greater the difference between your Protected Withdrawal Value and current Account Value, the less likely a step-up is to occur. Upon step-up, the fee may be higher. Guarantees, including optional benefits, are backed by the claims-paying ability of the issuing company and do not apply to the underlying investment options.
Guaranteed growth of your Protected Withdrawal Value if you delay withdrawals.
Here's one more important guarantee. Suppose you delay your Lifetime Withdrawal for the first 12 years you hold the annuity benefit. In that case, your Protected Withdrawal Value is guaranteed to be at least 200% of your starting Account Value.
For example, if you delay withdrawals for 12 years, a starting Account Value of $100,000 grows at least 200%, to $200,000.
If your locked-in highest daily Account Value plus compounded growth is still a greater amount, then it still will be your Protected Withdrawal Value for retirement income purposes.
Of course, an annuity is only as good as the company that stands behind it. With HD Lifetime® Income , you're part of The Rock®.
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4. Investing Advantages
You've learned how the guarantees of Highest Daily Lifetime® Income, available on variable annuities from the Prudential companies, can help increase your income for retirement, help protect it from market downturns, and guarantee it lasts a lifetime.
Now learn how the investing advantages you get with those guarantees can help you realize your retirement goals.
HD Lifetime® Income : Frequently Asked Questions
Investment return and principal value of an investment will fluctuate, so that an investor's unit values, when redeemed, may be worth more or less than their original cost. Withdrawals or surrenders may be subject to surrender charges. Withdrawals and distributions of taxable amounts are subject to ordinary income tax and, if made prior to age 59½, may be subject to an additional 10% federal income tax penalty. Withdrawals, for tax purposes, are deemed to be gains out first. Withdrawals can reduce the living benefit, death benefit, and Account Value. Your financial professional can determine if a variable annuity is suitable for you. For more details, see the product prospectus.
Prudential variable annuities are available at an annual cost of 0.55% to 1.85% for mortality expense and administration fees, with an additional fee related to the professional investment options. The fees will vary, depending on the annuity and investment options selected. There is an additional fee of 0.95% of the greater of the Account Value and Protected Withdrawal Value for the HD Lifetime® Income option, with its guaranteed daily lock-in, annual compounded growth on the Protected Withdrawal Value, and Lifetime Withdrawal benefits.
It's all brought to you by Prudential, a Rock Solid® organization with more than 135 years of experience in helping people grow and protect their wealth. With a focus on sound risk management, we have long pioneered innovative solutions that help investors secure their retirement.
Asset allocation does not ensure a profit or protect against loss. Certain asset allocation portfolios may not be available with optional benefits. Alternative investments are speculative and include a high degree of risk. You could lose all or a substantial amount of your investment without a guarantee. Alternative investments are suitable only for long-term investors who are willing to forgo liquidity and put capital at risk for an indefinite period of time.
Every day your Account Value reaches a new high, HD Lifetime® Income locks in that value and guarantees it for your retirement income. Better yet, every time you lock in a new high, Prudential automatically begins adding 5% annual compounded growth on top of that value, until your first Lifetime Withdrawal.
Your actual Account Value may fluctuate with the markets. But even if the markets decline, your Protected Withdrawal Value is always locked in and growing. And each time your Account Value hits a new high, HD Lifetime® Income can lock it in and begin adding more guaranteed growth for your Protected Withdrawal Value. No other annuity benefit locks in your investment's highs 100% of the time for retirement income purposes and never gives them back, even if the markets go down.
Three percent to 6% is the percent of your Protected Withdrawal Value used to calculate your annual income payments for life when you're in retirement.
Withdrawals are subject to any applicable charges of your annuity contract. Withdrawals and distributions of taxable amounts are subject to ordinary income tax and, if made prior to age 59½, may be subject to a 10% federal income tax penalty. See the prospectus or your financial professional for more information.
2. Flexibility to combine asset allocation portfolios any way you and your financial advisor determine will best suit your needs.
What does all this choices and flexibility mean to you? Potentially, less volatility in your retirement portfolio—and more opportunity to stay on track toward achieving your retirement goals.
3. Rigorous investment oversight.
More than 100 professionals scrutinize portfolio performance and the selection of brand-name investment managers. So you can feel confident your retirement investments are being carefully monitored. No other annuity provider offers this unique blend of powerful investing advantages for your retirement.
- A traditional strategy, with portfolios that buy stocks and bonds based on a long-term market outlook;
- A tactical strategy, with portfolios that take a more opportunistic approach, based on a short-term market outlook;
- A quantitative strategy, with portfolios driven by analytic approaches using defined mathematical formulas; and
- An alternative strategy, with portfolios that include exposure to nontraditional investments that do not necessarily move in step with stocks and bonds. Ask your financial professional for details about these alternative investments, a way to further diversify your holdings.
Who manages the asset allocation portfolios?









