Prudential Introduces Its First Indexed Variable Annuity: Annuity Matters
May 20, 2020 by Allison Bell
Prudential Financial Inc. has introduced its first indexed variable annuity contract, or “registered index-linked annuity” (RILA).
A RILA often gives purchasers more ability to benefit from investment market gains than a typical, non-variable indexed annuity does.
A RILA also offers only a limited amount of protection against investment-market-related losses.
The protection limit exposes purchasers to the possibility of loss of principal, but it also protects the issuer from having to take on unlimited guarantee risk.
Wink’s Note: Wink classifies the RILA as a structured annuity. Log into AnnuitySpecs here to view FlexGuard.