A large insurer is trying to appeal to married couples who are thinking about retirement income.

The Prudential Annuities unit at Prudential Financial Inc., Newark, N.J., has introduced the Spousal Lifetime Five variable annuity option.

The option gives purchasers the ability to take out a minimum level of withdrawals with no reduction in lifetime income at the death of the first spouse, according to Prudential Annuities.

The rider guarantees the holder annual income annual income equal to 5% of a “protected withdrawal value.”

The value starts out equal to the initial account value, and it will grow at least 5% per year for 10 years, Prudential Annuities says.

The Prudential insurance company that issues the rider is responsible for backing the guarantee.