Prudential Announces Narrower Indexed Accounts Spreads

Good news from Prudential for new IUL sales and existing policy holders: Spreads are decreasing on key indexed accounts across the Prudential IUL portfolio. This translates into better performance for clients utilizing these often-uncapped strategies.

A letter will be sent to policy owners when there are changes to index accounts, informing them of the new cap or spread and that the future segments will be impacted. The letter also indicates that these changes may result in different values than were shown in their most recent illustration and how they can request a current illustration.
 
Key Indexed Account Changes

• IAUL (August 2020), S&P 500 Uncapped Index Account; Spread:

  • Old: 8.50%

  • New: 7.75%

• IAUL (February 2018), S&P 500 Uncapped Index Account; Spread:

  • Old: 7.50%

  • New: 6.75%

• IAUL (August/December 2016), S&P 500 Uncapped Index Account; Spread:

  • Old: 7.50%

  • New: 6.75%

• SIUL (January 2019), S&P 500 Uncapped Index Account; Spread:

  • Old: 7.50%

  • New: 6.75%