What are the fees associated with Prudential annuities?

Prudential annuities, like most annuity products, can come with a variety of fees that may vary depending on the specific type of annuity chosen. Generally, these fees can include, but are not limited to, surrender charges, mortality and expense risk charges, administrative fees, and investment management fees. Surrender charges may apply if the annuity is cashed out or surrendered within a certain period after purchase, which is often referred to as the surrender period. Additionally, mortality and expense risk charges are typically a percentage of the account value that helps cover the insurance guarantees provided by the contract. Administrative fees may be charged for maintaining the annuity account, and investment management fees may apply if the annuity is invested in specific subaccounts or portfolios. Clients should carefully review the key features and terms of any annuity contract, as the specific fees can vary based on the contract's details, the investment choices made within the annuity, and the length of time the annuity is held. For a comprehensive understanding of the fees and costs associated with Prudential annuities, it is advisable for individuals to consult the detailed information available on the Prudential website, which will provide the most current and accurate information regarding their products.