Prudential Financial, Inc. of the United States is not affiliated in any manner with Prudential plc, an international group incorporated in the United Kingdom or the Prudential Assurance Company, a subsidiary of MG plc, a company incorporated in the United Kingdom. August 04, 2022 Prudential FlexGuard reaches $10B total sales milestone at record pace Neither Prudential Financial, Inc. nor Assurance IQ issues, underwrites, or administers health plans or health insurance policies. Variable investment options are available but do not offer protection levels. See current PruSecure Advisor rate sheetPDF opens in a new window, Surrender Charge Options Rates will vary based on the surrender charge option chosen, 5 years: 2%, 2%, 2%, 2%, 2% 7 years: 2%, 2%, 2%, 2%, 2%, 2%, 2%. list-style-type: none; Topics Protection Income If they need more than the Free Withdrawal Amount or want to take a withdrawal in the first year, they can withdraw as much of the account value as they need, but keep in mind that surrender charges and a Market Value Adjustment (MVA) will apply. Call an annuity specialist at 888-311-4889 (option 2) to learn more. Prudential FlexGuard Life is issued by Pruco Life Insurance Company and offered through Pruco Securities, LLC (member SIPC). Our Certified Financial Planner professional (CFP) will answer your questions FREE within 24 hours. The Performance Lock feature is an optional featureavailable on FlexGuard - NY that allows clients to lock in gains or limit the potential for a loss prior to the Index Strategy End Date. FLIAC is in the process of changing its name from Prudential Annuities Life Assurance Corporation (PALAC) in certain jurisdictions. Choose one or a combination of them. Assurance IQ, LLC a wholly-owned subsidiary of Prudential Financial, Inc. ("Prudential") matches buyers with products such as life and health insurance and auto insurance, enabling them to make purchases online or through an agent. Think of it as a second layer of protection., Table below will update as the competition changes. Currently, there are some great choices for retirement annuities. To request a side by side, click on the compare button below, and our Certified Financial Planner will be happy to answer any question you might have (Click Here).. Fortitude Re has retained PICA as an unaffiliated Third-Party Administrator. The contract, announced this week, has been issued as a B-share variable annuity (with a six-year surrender period with a 7% withdrawal penalty in the . 0000005742 00000 n These advisors currently offer only insurance products issued by PICA and its affiliates (Prudential companies). for Prudential Investment Management Services, LLC. Bloomberg U.S. Intermediate Credit Index:BLOOMBERG is a trademark and service mark of Bloomberg Finance L.P. and its affiliates (collectively "Bloomberg"). Early withdrawals may result in a loss in addition to applicable surrender charges. Marketing and training materials contained on these websites need to be approved by the Prudential Retirement Strategies Marketing Compliance Unit prior to use. Marketing and training materials contained on these websites need to be approved by the Prudential Retirement Strategies Marketing Compliance Unit prior to use. NEWARK, N.J., November 14, 2022 - Prudential Financial, Inc., has launched Prudential FlexGuard Life, an innovative Indexed Variable Universal Life product that offers a flexible combination of protection, growth, and access to meet consumers' changing life insurance needs. What Will We Cover in this Annuity Review? FlexGuard Life offers buffered index strategies with potential for strong cash value accumulation, while also providing levels of downside protection during periods of market volatility. Clients' money is not actually invested in any index, but may earn interest based on the indexs performance: In this example, the cap rate is 4%, and the participation rate is 30%. This website is for U.S. persons Opens in a new window only and may not be approved in all states. The buffer will vary by the selected strategy, term length, andindex elected. Each index strategy determines how your money can grow and calculates the interest you can earn differently. Unpaid loans and withdrawals reduce cash values and death benefits; may reduce the duration of the guarantee against lapse, which may lapse the policy; and may have tax consequences. Flexguard Income is issued by Pruco Life Insurance Company CT disclosure MN disclosure 0000008198 00000 n Index lossesthat exceed the buffer will result in a loss of Account Value. Fortitude Re and the Fortitude Re logo are service marks of Fortitude Group Holdings, LLC and its affiliates. } How life can change 'in a split second' A Prudential employee shares her story to help others realize the importance of life insurance. Prudential Financial, Inc. announced that its FlexGuard product has reached a $10 billion total sales milestone since its launch in 2020, making it the fastest-growing indexed variable annuity in . Clients seeking information regarding their particular investment needs should contact a financial professional. Variable Annuities and Variable Life Insurance are distributed by Prudential Annuities Distributors, Inc. (PAD), Shelton, CT (main office). Comprehensive financial planning offered through the Stages channel is more limited in scope than comprehensive financial planning offered through the Prudential Advisors distribution channel. Early withdrawals may result in a loss in addition to applicable surrender charges. One crediting strategy point to point makes it easier for you to explain and clients to understand. Variable annuities are distributed by Prudential Annuities Distributors, Inc., Shelton, CT. Retirement products and services are provided by Prudential Retirement Insurance and Annuity Company, Hartford, CT, or its affiliates . The product builds upon the record success of FlexGuard, the fastest-selling indexed variable annuity launch ever in the industry, achieving more than $3.5 . Featured News Stories. ** The websites referenced above are not endorsed or supported by any of the Prudential Financial companies. When the client purchases FlexGuard - NY you will help them make choices, custom-building their annuity to meet their individual needs and goals. bottom: -18px Prudential Stages is an umbrella marketing name for Pruco Securities LLC, (sometimes referred to as Pruco) doing business as Prudential Financial Planning Services, pursuant to a separate agreement. Also, its important to note that if they take a withdrawal or annuitize the contract, taxes will apply. Minimum of $100 Additional Purchase Payments received between Index Anniversaries will be allocated to the Holding Account (unless the client provides instruction to allocate to any other variable investment options at that time). } FlexGuard - NY is issued by Pruco Life Insurance Company. Salene Hitchcock-Gear President of Individual Life Insurance, Prudential (Photo: Business Wire). One such solution is Prudential's FlexGuard indexed variable annuity. Inspired by the groundbreaking success of Prudential's signature FlexGuard Indexed Variable Annuity products, which have reached over $10 billion in total sales, FlexGuard Life is a. The Insurance Charge is a combination of the Mortality & Expense Risk Charge and the Administration Charge. Taken from the interactive chart above the buffer annuity invested in the S&P 500 index over the last 20 years gain more than $86,000 than the S&P 500 index. That was an increase of 45% gain from limiting market losses with the 20% market protection each year. Click the chart to see how it works. Allocations among variable investment options can happen at any time. In addition to one-year index term options, PruSecure offers three- and ve-year index term options, which may offer more upside potential. Prudential FlexGuard Life and all product features are not approved for use in all states or through all broker-dealers. Portfolio Allocation The pie chart illustrates how investment . This is a hypothetical example for illustrative purposes only. Prudential FlexGuard income indexed variable annuity DOWNLOAD Slides 3-6 show how investing in an uncertain market or relying on fixed income has taken its toll. to grow your money in up markets by choosing from FlexGuards three index strategies. Information contained on this site does not and is not intended to constitute an advertisement, solicitation, or offer for sale in any jurisdiction outside the United States, where such use would be prohibited or otherwise regulated. FLIAC is not licensed to do business in New York, effective December 31, 2015, which had no impact on existing annuity contracts sold through FLIAC. Are you a licensed financial professional? Step Rate Plus Index Strategy Underperform: Investment advisory products and services are made available through Pruco, a registered investment adviser. One of the most valuable aspects of FlexGuard is its potential to cushion your account against loss. With FlexGuards index strategies, you can select a level of protection, called a buffer. Annuities and Life Insurance are issued by Prudential Financial companies; The Prudential Insurance Company of America (PICA) or Pruco Life Insurance Company (PLAZ) (in New York, by Pruco Life Insurance Company of New Jersey (PLNJ)), all located in Newark, NJ (main office), or an unaffiliated third-party issuer: Fortitude Life Insurance & Annuity Company (FLIAC), located in Jersey City, NJ. 0000029765 00000 n With an FIA, your clients money is not actually invested in any index, but rather may earn interest based on the indexs performance. If the Index Return is negative, but less than or equal to the Buffer, the Index Credit is zero. NEWARK, N.J., May 18, 2020 - Prudential Financial, Inc. (NYSE: PRU) launched FlexGuard today, the company's first indexed variable annuity product, designed to provide customers with downside protection and the opportunity to grow and accelerate the performance of their retirement assets into the future. 0000009917 00000 n } This link has sublinks - To access press Enter. Actual cap rates and participation ratesmay be higher or lower. margin: 20px 0; The floor is always 0%. Subsequent rates and Tier Levels may differ from the rates and Tier Levels used for new contracts or for other contracts issued at different times. Neither Bloomberg nor UBS guarantees the timeliness, accurateness, or completeness of any data or information relating to Bloomberg Commodity IndexSM. For example, if a RILA or buffer annuity has selected the optional 20% S&P 500 index protection against a market loss over one year period, an investors account would lose only 8% of its value if the market dropped by 28% in that given year because of the buffer annuity protects the first 20% loss from the market. } The Prudential FlexGuard Annuity is for investors that want to participate in stock market like return with a loss provision or buffer selected of 10% or 20% a year. If the Index Return is greater than or equal tothe declared Tier Level, the Index Credit is the sum of the Tier Level Index Return multiplied by theParticipation Rate for the 1st tier and the remaining Index Return multiplied by the Participation Rate forthe 2nd tier. 0000021753 00000 n Growth opportunities with added ability to lock in performance. Compliance NumberTemplate: 1000797-00012-00. Clients seeking information regarding their particular investment needs should contact a financial professional. Subsequent Rates may differ from the Rates used for new contracts or for other contracts issued at different times, Certain securities products and services are offered through Pruco Securities, LLC and Prudential Investment Management Services, LLC, both members. Prudential reserves the right to change rates at any time. Each subsidiary is responsible for its own financial condition and contractual obligations. Any growth is based on the index return. The stock price is. It is not possible to invest directly in an index. +1 201-835-4872 Investing in Prudential FlexGuard or FlexGuard Income's index strategies does not represent a direct investment in an index. Prudential Stages is an umbrella marketing name for Pruco Securities LLC, (sometimes referred to as Pruco) doing business as Prudential Financial Planning Services, pursuant to a separate agreement. In a rising interest rate environment, increases in caps if any, may be substantially slower than increases in interest rates. Each issuing insurance company is solely responsible for its own financial condition and contractual obligations. Because this a tax qualified annuity gains are tax deferred until income/money is taken out of the annuity. 5 years: 9%, 9%, 8%, 7%, 6% (California: 8.25%, 8%, 7.75%, 7%, 6%) 7 years: 9%, 9%, 8%, 7%, 6%, 5%, 4% (California: 8.25%, 8%, 7.75%, 7%, 6%, 5%, 4%) Rates will vary based on the surrender charge period chosen. This is an independent product review, not a recommendation to buy or sell an annuity. A leading gauge of the U.S. equities market the Standard & Poors 500 Index includes 500 of the largest companies on the New York Stock Exchange and NASDAQ. 2023 Prudential Financial, Inc. and its related entities, Prudential, the Prudential logo, the Rock symbol, Prudential LINK and LINK by Prudential are service marks of Prudential Financial and its related entities, registered in many jurisdictions worldwide. For complete information about the annuity, please refer to the PruSecure Important Information Disclosure Statement PDF opens in a new window. Each subsidiary is responsible for its own financial condition and contractual obligations. only and may not be approved in all states. 0000011036 00000 n xref Renewal rates may be different than those listed below. Levels of downside protection are available on index-crediting strategies only. You will not receive a written financial plan or investment recommendations as part of the no cost consultation. The Interim Value is the value of an Index Strategy on any Valuation Day during an Index Strategy Term. only and may not be approved in all states. Annuities are issued by Pruco Life Insurance Company, a Prudential Financial company, located in Newark, NJ (main office). Pruco Life Insurance Company's Product(s) is not sponsored, endorsed, sold or promoted by SPDJI, Dow Jones, S&P, or their respective affiliates, and none of such parties make any representation regarding the advisability of investing in such product(s) nor do they have any liability for any errors, omissions, or interruptions of the S&P 500 Index and Dow Jones U.S. Real Estate Index. Bloomberg Commodity Index reflects changes in a broad range of commodity futures prices, from crude oil and coffee to gold and cattle. " As I mentioned, the Flexguard annuity has ZERO fees if invested in the segments and offers up to 20% downside protection. The contract number is IVUL-2022 and may be followed by a state code. 0000018563 00000 n Bloomberg does not guarantee the timeliness, accurateness or completeness of any data or information relating to the Bloomberg U.S. Intermediate Credit Index, and shall not be liable in any way to or Pruco Life Insurance Company investors in or owners of PruSecure or other third parties in respect of the use or accuracy of the Bloomberg U.S. Intermediate Credit Index or any data included therein. On an Index Strategy End Date, the Index Strategy Base plus the Index Credit applicable to that Index Strategy would be used instead of the Interim Value. FLIAC is in the process of changing its name from Prudential Annuities Life Assurance Corporation (PALAC) in certain jurisdictions. 0 Insurance and/or annuities are issued by The Prudential Insurance Company of America, Pruco Life Insurance Company (except in NY and/or NJ), Pruco Life Insurance Company of New Jersey (in NY and/or NJ), and Prudential Annuities Life Assurance Corporation (PALAC). The Cap Rate is the maximum rate that may be credited to this strategy. . Not for Consumer Use. For additional important information about the products, services and companies that make them available, please click here Opens in a new window.*. There is risk of loss of principal if negative index returns exceed the selected protection level. Prudential Financial Inc. (NYSE: PRU), today launched FlexGuard Income, a new indexed variable annuity that provides customers with investment strate In cases where the duration of the index term is shorter than the length of the surrender charge period, your clients may need to renew or reallocate their strategy selections one or more times before the surrender charge period ends. Bloomberg or Bloomberg's licensors, own all proprietary rights in the Bloomberg Indices. (See Important Information Disclosure Statement for additional information about MVAs.) .RIANavBar a { Allianz Life Insurance Company was #1 in U.S. The information is not intended as investment advice and is not a recommendation about managing or investing your retirement savings. Most annuities will have a 5 year, 7 year, 10 year, and 14 year surrender variation to choose from. Taking the longer surrender period will most likely give you a larger cap on indexes and a larger fixed rate option for index crediting. Typically annuities allow you to withdraw 10% of your accumulation value after the first year without surrender fees. However if you are under age 59 and a half, you are subject to a 10% IRS tax penalty as well as income taxes applied to the withdrawal. The cap rate is the maximum amount of interest that can be credited during a specific index term. FlexGuard, Prudential Financial's first indexed variable annuity product, achieved $1 billion in sales less than six months after launch, making it the fastest-selling product of its kind ever . Although the Portfolio seeks to preserve the value of your investment at $10.00 per share, it is possible to lose money by investing in the Portfolio. As you help your clients plan for a more secure tomorrow, you'll want to work with a company you know and trust. Annuities and Life Insurance are issued by Prudential Financial companies; The Prudential Insurance Company of America (PICA) or Pruco Life Insurance Company (PLAZ) (in New York, by Pruco Life Insurance Company of New Jersey (PLNJ)), all located in Newark, NJ (main office), or an unaffiliated third-party issuer: Fortitude Life Insurance & Annuity Company (FLIAC), located in Jersey City, NJ. . marisa.amador@prudential.com, Amid market volatility, Prudentials innovative investment strategy meets increased need for asset protection. Neither Prudential Financial, Inc. nor Assurance IQ issues, underwrites, or administers health plans or health insurance policies. Surrender charges/fees and periods for this annuity are the typical of most commissionable annuities. /*.RIANavBar ul, .RIANavBar li{ Not available in New York. FlexGuard - NY is issued byPruco Life Insurance Company. * FlexGuard index strategies help clients: FOR FINANCIAL PROFESSIONAL USE ONLY. Since this investment is usually for the long term such as 10 years, it is important that the annuity company itself is financially sound. The guarantees in the annuity are back by the insurance company and not from a government agency. However each states Guaranty Association has a dollar amount, usually $100,000, that it will refund if an annuity carrier went bankrupt. Statement of Financial Condition for Prudential Investment Management Services, LLC. Securities products and services are offered through: Pruco Securities, LLC and Prudential Investment Management Services, LLC, both members SIPC and located in Newark, NJ, or Prudential Annuities Distributors, Inc., located in Shelton, CT. All are Prudential Financial companies. This website is for U.S. persons Opens in a new window only and may not be approved in all states. Prudential FlexGuard Indexed Variable Annuity Initial Summary Prospectus (Variable Prospectus) * Index Prospectus * Updating Summary Prospectus (Variable Prospectus) Variable Product Prospectus Prudential FlexGuard Income indexed Variable Annuity Initial Summary Prospectus (Variable Prospectus) * Index Prospectus * Investing in a variable annuity may be the answer for part of your overall retirement strategy. Prudential Financial, its affiliates, and their financial professionals do not render tax or legal advice. Transfers from the Index Strategy(ies) to the Variable Subaccounts are not allowed at any time. The oldest international stock index, it is the most common benchmark in the U.S. for foreign stock funds. Clients seeking information regarding their particular investment needs should contact a financial professional. S&P 500 Index is a market capitalization-weighted index of the 500 widely held stocks often used as a proxy for the stock market. Information contained on this site does not and is not intended to constitute an advertisement, solicitation or offer for sale in any jurisdiction, outside the United States of America, where such use would be prohibited or otherwise regulated. In this annuity review we will be going over annuity details regarding the Prudential Flex Guard Structed Variable annuity. Prudential Financial, Inc.is an Fortune 500 and S&P 500 company whose subsidiaries provideinsurance,investment management, and other retirement financial products to bothretailandinstitutional customers. But why should they have to sacrifice one for the other? At the time your clients purchase a contract, they select a 5- or 7-year surrender charge period, which is the amount of time they must wait until they can withdraw funds from the annuity without facing a surrender charge and market value adjustment. FLIAC is in the process of changing its name from Prudential Annuities Life Assurance Corporation (PALAC) in certain jurisdictions. Prudential and its affiliates are not liable for use of the Stages platform. *The 5-year index term can only be elected at contract issue and cannot be renewed. Financial advisors through the Stages channel offer a no cost consultation and provide an overview of your financial life with proposed solutions for you to consider. Comprehensive financial planning offered through the Stages channel is more limited in scope than comprehensive financial planning offered through the Prudential Advisors distribution channel. "Prudential Advisors" is a brand name of The Prudential Insurance Company of America and its subsidiaries. Rates, buffers, and floors can also be different for each index option. }*/, Select a level of protection that mayhelp limit losses, Participate in the growth potential of the market, Enhance growth potential in up markets with oneunique crediting strategy, Plus, there are NO EXPLICIT PRODUCT FEES when allocating toFlexGuard - NYs index strategies.*. 2023 Prudential Financial, Inc. and its related entities, Prudential, the Prudential logo, the Rock symbol, Prudential LINK and LINK by Prudential are service marks of Prudential Financial and its related entities, registered in many jurisdictions worldwide. It offers you lifetime income with levels of protection and growth potentialbefore and after you start income. Fortitude Re has retained PICA as an unaffiliated Third-Party Administrator. The applicable Income Percentage and Income Deferral Rate is based on the attained age of the Protected Life (or younger of the Joint Protected Lives) on the Index Effective Date, according to the tables below: . FlexGuard - NY offers an innovative index crediting strategyunique to Prudential, with access to variable investment options. } 0000005806 00000 n This website is for U.S. persons Opens in a new window only and may not be approved in all states. Fortitude Re and the Fortitude Re logo are service marks of Fortitude Group Holdings, LLC and its affiliates. Index-linked variable annuity products are complex insurance and investment vehicles. The solution is customizable and can be adjusted based on changing needs, giving consumers the opportunity to take control over their future. Standard & Poor's and S&P are registered trademarks of Standard & Poor's Financial Services LLC, a division of S&P Global ("S&P"); Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC ("Dow Jones"). ABOUT PRUDENTIAL INDIVIDUAL LIFE INSURANCE Renewal Cap Rates and Participation Rates may be higher or lower than the initial rates, but will never be less than the Guaranteed Minimum Rates. It is generally more profitable to Prudential if you purchase insurance products that are issued by a Prudential company than a non-Prudential company. All references to income certainty and guarantees, including optional benefits, are backed by the claims-paying ability of the issuing company and do not apply to the underlying investment options. 0000010202 00000 n Started in 2010 with one company, these hybrid annuities do offer is a limited loss to an investor between 10% and 20% of the markets decline during a specified period usually a year period. CURRENT RATES This rate sheet provides the Cap Rate, Step Rates, Participation Rates (Par Rates) and Tier Levels currently offered on the Prudential FlexGuard indexed variable annuity. Slide 7 establishes how rethinking your approach to asset allocation may be smart. Caps for the 3-year term cannot be less than 5% and for a 6-year term cannot be less than 10%. The Interim Value for each Index Strategy plus the total value of any allocations in the Variable Investment Subaccounts (including the Holding Account) and the Transfer Account on any Valuation Day other than the Index Strategy Start Date and Index Strategy End Date. 563 0 obj <>stream Both are Prudential Financial companies located in Newark, NJ. Investment advisory products and services are made available through Pruco, a registered investment adviser. The Performance Lock Value, which is different than the Interim Value, is adjusted for any withdrawals or reallocations that occur prior to the Index Strategy End Date. Variable investment options are offered with this product; however, are not included for illustration purposes and do not offer downside protection. Group Insurance coverages are issued by The Prudential Insurance Company of America, a Prudential Financial company, Newark, NJ. only and may not be approved in all states. Some of the products and services discussed on the Stages site are in development and may not be currently available. 0000061397 00000 n Each company (PICA, PLAZ, PLNJ, FLIAC, PAD) is solely responsible for its own financial condition and contractual obligations. If you qualify, please, A retirement strategy as individual as you are. The information is not intended as investment advice and is not a recommendation about managing or investing a clients retirement savings. Index-linked variable universal life products are complex insurance and investment vehicles and are long-term investments designed to provide death benefit protection with cash value accumulation potential.
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