This weekend I visited my family back in Cincinnati and got to meet my Dadâs new iPad for the first time. I donât have enough money for this fancy technology so Iâve never really used an iPad before.
Deferred Annuities. A deferred annuity grows tax deferred until the contract is annuitized (put into a payment stream) or surrendered (paid out as a lump sum). This type of annuity is a vehicle for accumulating savings for a future goal, such as retirement, and eventually distributing the value.
Good afternoon and Thank you for your question. Here is a prospectus for this annuity, I believe. PRUDENTIAL PREMIERÂ® RETIREMENT - Variable Annuity. This is a variable annuity that has what is called a benefits value and contract value. Here is how it works as an example, if you invest 100$k in to this annuity, at the future age, let's say 65 this annuity will pay you, let's say, 5% of the highest daily value between now and then.