As a physician, you know that medical advances have made it possible for people to live longer, healthier lives. At the same time, however, living longer could mean outliving retirement funds. And while the financial wellbeing of physicians is generally better than most Americans, you still have more immediate concerns that could delay saving for retirement—for example, student loans, practice-related purchases and leases, and home mortgages. Even if you are saving, volatile markets might put the money you have put away at risk.
You may already participate in retirement options that can help build your savings, such as 401(k)s, 403(b)s, and IRAs. But there’s an easy, flexible, affordable new way to complement your retirement strategy.
Introducing Guaranteed Income For Tomorrow (GIFT)℠
Guaranteed Income For Tomorrow* (GIFT)℠ is a deferred income annuity designed to provide you with a regular, guaranteed income stream for life beginning on a date you select. It can complement your overall retirement strategy and may help meet your future financial needs with steady income you can’t outlive.
GIFT is issued by Prudential Annuities Life Assurance Corporation and, in New York, by Pruco Life Insurance Company of New Jersey.
*The product is subject to filing and approval by the applicable jurisdictions. Product terms and conditions may vary from what is discussed herein.
¹Minimum monthly contributions are $100 if you set an income start date that’s more than 20 years from the date you enroll. The monthly minimum is $200 if you set an income start date that’s 20 years or less from the date you enroll. If you do not contribute to your contract for two full years (three if you live in New York State when you purchase GIFT), and the total monthly Annuity Income Payment you have built up so far is less than $20, we reserve the right to terminate your contract and pay you a lump sum.
GIFT is not a benefit provided by TMA Insurance Trust but is made available to you and is issued by Prudential Annuities Life Assurance Corporation, Shelton, CT (main office), except in New York, in which they are issued by Pruco Life Insurance Company of New Jersey, Newark, NJ (main office). Both are Prudential Financial companies and each is solely responsible for its own financial condition and contractual obligations. MDIA/IND (1/18)
GIFT is not a charitable gift annuity or a gift annuity; there is no actual gift or tax deduction.
All guarantees are based upon the claims-paying ability of the issuing company.
Annuity contracts contain exclusions, limitations, reductions of benefits, and terms for keeping them in force.
Annuity Income Payments and any distribution made under the annuity are subject to ordinary income tax. Prudential Financial and its affiliates do not render tax or legal advice.
GIFT is distributed through direct response solicitation with no financial professional involved. You need to determine if GIFT is right for you. Prudential is providing educational materials so you can make an informed decision.
GIFT may not be available in all states.
Contributions are defined as Purchase Payments in the Contract.