Distributions/Loans


You're eligible to receive the full value of your account in any of the following circumstances:

Types of Loans

You may take a loan for any of the following reasons. These types of loans must be repaid within 60 months.

You may take a principal residence loan (once a lifetime) to purchase your primary home (as proof, you will be required to submit a copy of an executed contract of sale). Principal residence loans must be repaid within 120 months.

How Much You Can Borrow

The mininum amount per loan is $1,000. For all types of loans, the most you may borrow is the lesser of the following amounts:

Hardship Withdrawal Option

Due to the difficult economic environment, the Trustees amended the Annuity Plan to provide participants that have an immediate and heavy financial need with a hardship withdrawal option which mirrors the options available to a participant for a loan. (See above.) To be eligible for a hardship withdrawal, a participant must not otherwise be eligible for a loan or distribution from his or her individual Annuity Account.

To initiate any of the above requests, please call Prudential at 1-877-778-2100 or click here to access your personal account.