Prudential Fixed Annuity
Prudential Financial
1.6648%
7-yr guarantee
10%
Free W/D
50
Jurisdictions
Live product data
Rates as of May 28, 2026, based on the latest AdvisorWorld scan of CANNEX data.
Lead-term guaranteed rate
1.66% guaranteed for 7 years
A 7-year multi-year guaranteed annuity from Prudential Annuities Life Assurance Corporation (an A.M. Best A+ Prudential subsidiary), with a single 7-year guarantee period whose surrender ladder ends in the same year, an annual free-withdrawal allowance on the high end for the category, an RMD waiver visible on the page, and both single- and joint-life annuitization options.
Best fit
Buyers who want a flat, contractually guaranteed rate locked in for a 7-year term from an A.M. Best A+ (Superior) Prudential life subsidiary, value a generous published free-withdrawal allowance with an RMD waiver, and want a fully visible 7-year surrender schedule that ends in the same year as the lead-term guarantee period.
AM Best
A+ Superior
Surrender period
7 years
Free withdrawal
10%/yr
Availability
50 jurisdictions (excl. New York)
Product analyst notes
How to think about this contract
Why it can stand out
- Surrender schedule is a clean 7-year declining ladder that ends in the same year the 7-year guarantee period ends, so the lock-up window matches the contract's lead-term fixed-rate promise rather than extending beyond it.
- Annual free-withdrawal allowance is set on the high end for a MYGA on this site — visible on this page rather than buried in a brochure — paired with an RMD waiver, so penalty-free liquidity rules and the qualified-money waiver trigger are visible directly on the contract page.
- Backed by Prudential Annuities Life Assurance Corporation, an A.M. Best A+ (Superior) rated life subsidiary of one of the largest U.S. life insurers, with carrier financial-strength views corroborated across two independent agencies — A.M. Best and Standard & Poor's — rather than a single-agency read.
- Both single- and joint-life annuitization options are filed on the contract, and both qualified and non-qualified fund types are accepted — giving the buyer planning flexibility on how the contract is converted to income and on which retirement-account wrapper is used.
What to confirm
- The live MYGA rate feed for this filing shows two posted rate tiers at the 7-year term — a higher rate at one premium band and a notably lower rate at another. The actual guaranteed rate a specific deposit will earn depends on which premium band the deposit falls into. Verify the rate for the actual deposit size with the carrier before signing — do not assume the headline rate applies at every band.
- Surrender charges run a full 7 years with a meaningful first-year charge, so an unplanned early exit beyond the annual free-withdrawal allowance carries a real cost. This is a multi-year commitment, not a short-term cash equivalent.
- The contract publishes only one term option — 7 years. Buyers who want a shorter (5-year) or longer (10-year) fixed-rate horizon on this carrier need a different filing; the sibling Prudential WealthGuard (A001MD) is the multi-term MYGA in the lineup.
- The death benefit is the standard contractual beneficiary value with no roll-up or step-up enhancement, and there is no guaranteed-lifetime-withdrawal rider on this filing — this contract is built for rate certainty over the 7-year term, not for legacy enhancement or guaranteed lifetime income.
Not ideal for
Buyers who need a 3-, 5-, or 10-year fixed-rate horizon on this carrier (the multi-term sibling Prudential WealthGuard publishes 3-, 5-, and 7-year terms), buyers who want a stepped-up or rollup-enhanced death benefit, buyers who expect a guaranteed-lifetime-withdrawal rider, or buyers who want market-linked upside through index crediting — a multi-year guaranteed annuity is not designed to deliver any of those.
Guaranteed Rates by Term
| Term | Guaranteed Rate |
|---|---|
| 7-Year | 1.6648% |
Key Features
Free withdrawal
10%/yrAnnual amount that may be available without surrender charges, subject to contract terms.
Surrender waivers
1RMD waiver
Death benefit
Standard Death BenefitBeneficiary value depends on contract terms, withdrawals, and rider elections.
Annuitization options
Single and jointContract conversion options should be confirmed before purchase.
Fund types
Non-qualified, QualifiedAvailability can vary by state and product terms.
Surrender Schedule
Yr 1
7%
Yr 2
6%
Yr 3
5%
Yr 4
4%
Yr 5
3%
Yr 6
2%
Yr 7
1%
After
0%
RMD waiver, Surrender waivers
Carrier Ratings
Free Comparison Report
Get a personalized Prudential Fixed Annuity illustration
See year-by-year projections for your specific age, premium, and income goals.