The new PruSecure Fixed Indexed Annuity contract index menu includes the Dow Jones U.S. Real Estate Index and the Bloomberg Commodity Index as well as the S&P 500 index and the MSCI EAFE.
Prudential is writing the annuities through its Prudential Annuities Life Assurance Corp. Prudential Annuities is based in Shelton, Connecticut.
The contract uses a point-to-point crediting strategy.
Purchasers can choose a one-year, three-year or five-year index term option.
The maximum possible cap rate is 32%.
Dianne Bogoian, head of product for Prudential Annuities, said in a statement about the new contract that many consumers want the kind of protection that an indexed annuity can provide against drops in asset value.