Remember that the index credits are capped at a lower rate than the index itself like your index mutual funds or EFT at Charles Schwab or Fidelity. Because this a tax qualified annuity gains are tax deferred until income/money is taken out of the annuity. marisa.amador@prudential.com, Amid market volatility, Prudentials innovative investment strategy meets increased need for asset protection. Typically, the longer the surrender charge period, the higher the fixed rates and index-based cap rates and participation rates. } }*/, 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.*. Deduction of the annual product fee of 1.25%, withdrawal charge, $50 contract maintenance charge (on contracts with less than $100,000 contract value), 0.70% Income Benefit rider fee, and, if . Prudential Financial Inc. today launched FlexGuard Income, a new indexed variable annuity that provides customers with investment strategies for growth potential, along with different levels of protection and the ability to help enhance income in retirement. 0000010749 00000 n FlexGuard - NY's Index Strategies do not represent a direct investment in an index. It is not possible to invest directly in an index. Neither Prudential Financial, Inc. nor Assurance IQ issues, underwrites, or administers health plans or health insurance policies. across well-known indices. Clients seeking information regarding their particular investment needs should contact a financial professional. The buffer will vary by the selected strategy, term length, andindex elected. and has been licensed to Pruco Life Insurance Company ("Licensee"). Withdrawals taken during the surrender charge period, excluding any Required Minimum Distributions (RMDs), will be subject to any applicable surrender charges and a Market Value Adjustment (MVA). For Financial Professional Use Only. Available through Registered Investment Advisors; offers similar features and options as the PruSecure Fixed Indexed Annuity. Upon renewal or reallocation, your clients may continue with the same strategy and allocation, or choose from the other strategies and terms available at that time. Prudential FlexGuard Income indexed variable annuity: current rates Effective Date: 12/15/2022 This new business rate sheet provides the Cap Rates, Step Rates, Participation Rates and Tier Levels as set by Prudential effective as of the date above. Prudential Financial was founded by soon to be US senator John Dryden in 1875 with its one product of burial insurance. The client'smoney is not actually invested in any index, but may earn interest credits based on the indexs performance. Fortitude Re and the Fortitude Re logo are service marks of Fortitude Group Holdings, LLC and its affiliates. Change of Ownership terminates the Return of Purchase Payments death benefit. 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. The oldest international stock index, it is the most common benchmark in the U.S. for foreign stock funds. Unfortunately, that didnt rule holding agent up to a higher standard, as a fiduciary, did not pass. 0000005769 00000 n } Fortitude Re is the marketing name for FGH Parent, L.P. and its subsidiaries, including FLIAC. Rates, buffers, and floors can also be different for each index option. Clients seeking information regarding their particular investment needs should contact a financial professional. The product prospectus contains a more detailed description of the limited relationship MSCI has with Pruco Life Insurance Companyof New Jersey and any related annuity contracts. For additional important information about the products, services and companies that make them available, please click here Opens in a new window.*. If youre considering this annuity and have additional questions, feel free contact us via oursecure contact form. It is generally more profitable to Prudential if you purchase insurance products that are issued by a Prudential company than a non-Prudential company. 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. prudential flexguard rate sheet. 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. Please use one of the browsers below or contact your IT department regarding approved options. Prudential and its affiliates are not liable for use of the Stages platform. With an FIA, your clients money is not actually invested in any index, but rather may earn interest based on the indexs performance. The stock price is. Lock in performance prior to the Index Strategy End Date by either setting an automaticPerformance Lock target, which will automatically lock in the Performance Lock Value as of close of business on the day the target is met, OR manually lock in the Performance Lock Value as of the current day's close of business. MFS Value Series Service Class MFS International Growth Portfolio Service Class MFS Total Return Series Service Class MFS Total Return Bond Series Service Class PSF PGIM Government Money Market Portfolio Class III default Holding Account. The annuity carrier has not endorsed this review in any way nor do we receive any compensation for this review. Bloomberg U.S. Intermediate Credit Index:BLOOMBERG is a trademark and service mark of Bloomberg Finance L.P. and its affiliates (collectively "Bloomberg"). As our customers needs continue to evolve, were working to provide them with new ways to achieve financial security, including offerings that help to diversify their cash values and realize more benefits from their policies, says Salene Hitchcock-Gear, president of Individual Life Insurance at Prudential. Not available in New York. position: absolute; The fund's sponsor has no legal obligation to provide financial support to the fund, and you should not expect that the sponsor will provide financial support to the fund at any time. This area is reserved for members of the news media. If the Index Return is negative, but less than or equal to the Buffer, the Index Credit is zero. 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. You should read the prospectuses carefully before investing. 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. Prudential Financial 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 M&G plc, a company incorporated in the United Kingdom. 0000030064 00000 n 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. The Prudential FlexGuard indexed variable annuity to which this disclosure applies (the "Product") has been developed solely by . Prudential Financial, its affiliates, and their financial professionals do not render tax or legal advice. Net loss attributable to Prudential Financial, Inc. of $558 million or $1.53 per Common share versus net income of $1.208 billion or $3.13 per share for the year-ago quarter. Check out the current rate sheet. For Compliance Use Only: 1003626-00008-00. Annuities are one of the few strategies that can accomplish both secured growth and guaranteed income. Interest credited with the participation rate would be 30% of the 20% increase, which equals 6%. I hope you found this look informative and found value in your time. Aloha! It can be customized based on a clients retirement goals and adjusted as their needs change. These rates are set by Prudential Annuities and effective as of the date indicated above. Actual cap rates and participation ratesmay be higher or lower. Investment advisory products and services are made available through Pruco, a registered investment adviser. to grow your money in up markets by choosing from FlexGuards three index strategies. Caps, Precision Rates, and DPSCs for a 1-year term cannot be less than 1.50%. 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. 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. Investing in a variable annuity may be the answer for part of your overall retirement strategy. Each subsidiary is responsible for its own financial condition and contractual obligations. There may typically be upper limits known as cap rates and participation rates, on the amount of potential interest credited in a given period, as well as a floor that offers downside protection. 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. Prudential Financial Fact Sheet. *The 5-year index term can only be elected at contract issue and cannot be renewed. 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. /*.RIANavBar ul, .RIANavBar li{ The participation rate is an upper limit percentage increase used to calculate the interest that will be credited for a specific index term(s). 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. This web page is being provided for informational or educational purposes only and does not take into account the investment objectives or financial situation of any client or prospective clients. Variable investment options are available but do not offer protection levels. FlexGuard also enables you to diversify where you put your money by allocating. Prudential FlexGuard income indexed variable annuity . 0000036749 00000 n 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. Contact your wholesaler today and have our team of experts and resources work for you. Prudential will not warn clientsif theyexercise a Performance Lock at a sub-optimal time. 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. Are you a licensed financial professional? 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. This web page is being provided for informational or educational purposes only and does not take into account the investment objectives or financial situation of any client or prospective clients. 2023 Prudential Financial, Inc. and its related entities. The Disclosure Statement contains a more detailed description of the limited relationship MSCI has with Pruco Life Insurance Company and any related annuity contracts. Available through certain broker/dealers and offers select index-based strategies and terms. 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. 563 0 obj <>stream only and may not be approved in all states. What Will We Cover in this Annuity Review? The solution is customizable and can be adjusted based on changing needs, giving consumers the opportunity to take control over their future. . Suggestions may appear below after you type 3 letters. The Contingent Deferred Sales Charge applies to each Purchase Payment and will be applied to amounts that exceed the Free Withdrawal Amount, Client(s) may withdraw up to 10% of all Purchase Payments still within CDSC without incurring a surrender charge. Participation Rates cannot be less than 100%. Some of the products and services discussed on the Stages site are in development and may not be currently available. Access to policy cash values is through loans and withdrawals. Please use one of the browsers below or contact your IT department regarding approved options. Please refer to the current rate sheet and prospectus for more information. Slide 7 establishes how rethinking your approach to asset allocation may be smart. Gains or losses are assessed at the end of each term. 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%. * "Explicit product fees" refers to the Base Contract Fee, or Mortality & Expense Risk Charge and Administration Charge (M&E&A), that apply only to the variable investment options. FlexGuard - NY is issued by Pruco Life Insurance Company. A copy of the prospectuses may be obtained from prudential.com or your financial professional. Asset allocation and rebalancing do not ensure a profit or guarantee against loss. This is an independent review for you to see the pros and cons of this particular annuity. Life insurance policies contain exclusions, limitations, reductions of benefits, and terms for keeping them in force. 0000024403 00000 n NEWARK, N.J., June 15, 2021 - Prudential Financial Inc. ( NYSE: PRU ), today launched FlexGuard Income, a new indexed variable annuity that provides customers with investment strategies for growth potential, along with different levels of protection and the ability to help enhance income in retirement. Contact your wholesaler today and have our team of experts and resources work for you. As of September 2021, the FlexGuard Challenge has received 3,274 unique visitors and 19,116 total page views and has resulted in over 9,350 unique leads. . opens in new window. 0000001537 00000 n Comprehensive financial planning offered through the Stages channel is more limited in scope than comprehensive financial planning offered through the Prudential Advisors distribution channel. Featured News Stories. 0000013916 00000 n Prudential FlexGuard Life is issued by Pruco Life Insurance Company and offered through Pruco Securities, LLC (member SIPC). border-right: 10px solid transparent; But that can create a dilemma. 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. for Prudential Investment Management Services, LLC. Rates are subject to change at any time. The information is not intended as investment advice and is not a recommendation about managing or investing a clients retirement savings. .id-Z7_G802HJS0M0B280QQVMVG6OP8R2 .ibmPortalControl .module { B-Share 6 years: 7%, 7%, 6%, 5%, 4%, 3%; based on the effective date of each Purchase Payment and the percentage of the amount withdrawn from the Purchase Payment, above the free withdrawal amount. Transfers from the Index Strategy(ies) to the Variable Subaccounts are not allowed at any time. based on your individual retirement needs and change themes those needs evolve. Low-risk investments today offer little growth opportunity, while investing in the stock market can be risky. If the index decreased by any amount at all,client loses nothing whether they chose the cap rateor participation rate, as they are protected by the floor. .RIANavBar a { 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. Bloomberg Commodity IndexSM: "Bloomberg" and "Bloomberg Commodity IndexSM" are service marks of Bloomberg Finance L.P. and its affiliates (collectively, "Bloomberg") and have been licensed for use for certain purposes by Pruco Life Insurance Company. Compliance NumberTemplate: 1000797-00012-00, At least characters must be typed in the search field in order to perform the search. 0000010202 00000 n } Other proprietary Fortitude Re marks may be designated as such through the use of the SM or symbols. Our Certified Financial Planner professional (CFP) will answer your questions FREE within 24 hours. In this annuity review we will be going over annuity details regarding the Prudential Flex Guard Structed Variable annuity. NEWARK, N.J. - 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 the industry, according to data from the Secure Retirement Institute. Please consult with your tax and legal advisors regarding your personal circumstances. If you would like information about your particular investment needs, please contact a financial professional. This is a hypothetical example for illustrative purposes only. Upon renewal or reallocation at the end of a term, your clients may continue with the same strategy and allocation, or choose from any strategies and terms available at that time. 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. 0000009414 00000 n .RIANavActive a:after { Our new website has recently launched with features that may not be fully supported by your current browser. Copywriter: Susanne Bassmann 0000046879 00000 n 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 . After Year 1: Client(s) may withdraw up to 10% of the account value each year (based on the previous contract anniversary, after all index/interest credits are applied) without surrender charges or MVA. Topics Protection Income Furthermore, the underlying mutual fund fee is 0.83%. +1 201-835-4872 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. Prudential FlexGuard commissionable annuity (B-shares) have a 6 year surrender charge starting at 7% charge in the first year and second year following with a 1% reduction every year after that. This website is for U.S. persons Opens in a new window only and may not be approved in all states. @media (max-width: 991px) { Each company (PICA, PLAZ, PLNJ, FLIAC, PAD) is solely responsible for its own financial condition and contractual obligations. Prudential Financial, Inc. whos symbol of the Rock of Gibraltar, has been keeping its promises since 1875. It's up to you to determine if a fixed indexed annuity is suitable for your clients. * The 5-year index term can only be elected at contract issue and cannot be renewed. The floor is always 0%. Fortitude Re and the Fortitude Re logo are service marks of Fortitude Group Holdings, LLC and its affiliates. content: ""; Growth opportunities are provided by index strategies and variable investment options. Index lossesthat exceed the buffer will result in a loss of Account Value. 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. Renewal rates may be different than those listed below. See current PruSecure Select rate sheetPDF opens in a new window, Index-Based Strategy with Point-to-Point Crediting with Cap Rate. 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. The Segment Rate of Return for a Choice Segment will always be less than (a) the Performance Cap Rate and (b) the index performance rate, if positive, for that Segment. FlexGuard offers you the ability to allocate amongst the following Variable Investment options, in addition to the Index Strategies. The value of an Index Strategy at the end of any Valuation Day during an Index Strategy Term other than the Index Strategy Start Date and Index Strategy End Date. 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. Ifclients are looking to protect their money from market loss and still want the potential for growth, the PruSecure Fixed Indexed Annuity offers them both. PruSecure was designed to meet the needs of clients who are: Initial: $10,000 Subsequent: Not Permitted, Minimum: None / Maximum: 85 Contracts may not be issued on or after the 86th birthday of the oldest of all owners and annuitants, No later than the first contract anniversary on or after the oldest owner's or annuitant's 95th birthday, Indexed-Based Strategy with Point-to-Point Crediting with Cap Rate and Point-to-Point Crediting with Participation Rate. Allocations among variable investment options can happen at any time. 0 The contract number is IVUL-2022 and may be followed by a state code. By using this website, you agree that you have read and agree to our Terms and Conditions. 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. Prudentials A.M.Best rating is a A+ along with comdex score of 95. only and may not be approved in all states. padding: 0; ** The websites referenced above are not endorsed or supported by any of the Prudential Financial companies. 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: . Performance Locks are as of close of business on the day the automatic target was met or the manual lock in is requested. How does the issuer pay for all this? Your clients should consult a tax advisor for more information. For more information about the product, including the other index crediting strategies, please refer to the client brochures, fact cards, and product prospectuses. Surrender charges/fees and periods for this annuity are the typical of most commissionable annuities. Each issuing insurance company is solely responsible for its own financial condition and contractual obligations. 1 However, if your clients withdraw any of their money during the first contract year or more than 10% of their money in any subsequent year during the surrender charge period, there may be a surrender charge. FLIAC is in the process of changing its name from Prudential Annuities Life Assurance Corporation (PALAC) in certain jurisdictions. Prudential is not responsible for any losses related to decisions whether or not to exercise a Performance Lock. "Prudential Advisors" is a brand name of The Prudential Insurance Company of America and its subsidiaries. In part by charging 0.95% per year on and limiting the income payout rate at age 65 to 4% of the PIV for single owners and 3.5% for joint owners. Available Buffers, which may vary by Index Strategy, are 10%, 15%, and 20%. 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. On each Index Anniversary Date, you may reallocate any Index Strategy that has reached the end of the Index Term or allocate money into new Index Strategies. FlexGuard - NY offers an innovative index crediting strategyunique to Prudential, with access to variable investment options. Comprehensive financial planning offered through the Stages channel is more limited in scope than comprehensive financial planning offered through the Prudential Advisors distribution channel. Annuities are issued by Pruco Life Insurance Company, a Prudential Financial company, located in Newark, NJ (main office). Not all term and buffer options are available for each index crediting strategy. By using this website, you agree that you have read and agree to our Terms and Conditions. How life can change 'in a split second' A Prudential employee shares her story to help others realize the importance of life insurance. left: 50%; FlexGuard - NY and all its features may not be approved in allbroker-dealers. Financial advisors who are available through the Stages channel currently offer a more limited range of products and services as compared to the range of products and services offered through other Prudential distribution channels. Flexguard Income is issued by Pruco Life Insurance Company CT disclosure MN disclosure * FlexGuard index strategies help clients: FOR FINANCIAL PROFESSIONAL USE ONLY. . A Stable Value Fund First Quarter 2022 Fund Fact Sheet - Page 3 qualified professional. Today, Prudential is one of the most recognized and one of the world's largest financial services institutions.. Prudential Financial has jumped into the fastest-growing segment of the beleaguered annuity marketthe $17.4 billion market for structured variable annuities-by issuing its first registered index-lined annuity contract, called FlexGuard.. Minimum Renewal Cap Rate, Participation Rate & Fixed Rate. border-left: 10px solid transparent; 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. It is not possible to invest directly in an index. %PDF-1.7 % Not Insured by FDIC or any Federal Government Agency|May Lose Value|Not a Deposit of or Guaranteed by the Bank or any Bank Affiliate. and S&P 500 company whose subsidiaries provide, , and other retirement financial products to both. The selections you choose together with your clients are all dependent on their investment goals and their risk tolerance. 0000001712 00000 n Prudential Financial, Inc. whos symbol of the Rock of Gibraltar, has been keeping its promises since 1875. Pruco Life Insurance Companyof New Jersey's Product(s) is not sponsored, endorsed, sold or promoted by SPDJI, Dow Jones, S&P, 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. The MSCI EAFE is designed to measure the performance of a selection of stocks in 21 developed markets outside of the U.S. and Canada. 0000014746 00000 n References to FLIAC shall be deemed to be references to PALAC in the jurisdictions where the name change is not yet effective. Index Advantage Income provides multiple index options, which are the combination of a crediting method, also called an index strategy, the index, the time period for measuring Index Performance (term), and a 10% or 20% buffer or a -10% floor. When the time comes for your clients to use the benefits that are offered by an annuity, it is important to remember that all guarantees including the optional benefits are backed by the claims-paying ability of the issuing company. The Performance Lock Value is calculated daily and once locked,will not fluctuate for the remainder of the current Index Strategy Term, unless a withdrawal or a reallocation were to occur, and will be as of the Performance Lock Date.