*The 5-year index term can only be elected at contract issue and cannot be renewed. 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. August 04, 2022 Prudential FlexGuard reaches $10B total sales milestone at record pace There are limitations and restrictions when making withdrawals. 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. June 4, 2022; By ; sterile processing technician jobs; prudential flexguard rate sheet . 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. An allocation to the index options is not a purchase of shares of any stock or index fund or a direct . It is a free float-adjusted market capitalization index that is designed to measure the equity market performance of 21 developed markets, excluding the U.S. and Canada. The stock price is. Use up and down arrow keys to navigate. Investment advisory products and services of LINK by Prudential are made available through PCS, an SEC registered investment adviser. 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. } Prudential Financial was founded by soon to be US senator John Dryden in 1875 with its one product of burial insurance. FLIAC is in the process of changing its name from Prudential Annuities Life Assurance Corporation (PALAC) in certain jurisdictions. FlexGuard - NY offers an innovative index crediting strategyunique to Prudential, with access to variable investment options. All guarantees, including any optional benefits, are subject to the claims-paying ability and financial strength of the issuing insurance company. This link has sublinks - To access press Enter. Registered Flexible Premium Deferred Index-Linked Variable Annuity with four Index Strategies featuring multiple protection levels and term lengths, plus 5 variable investment options, Prudential FlexGuard indexed variable annuity - New York, Up to age 85; based on the age of the oldest Owner/Annuitant, $25,000 Minimum Qualified and Nonqualified $1,000,000 Maximum (Premiums that exceed $1,000,000 require prior company approval). 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. Index lossesthat exceed the buffer will result in a loss of Account Value. Life insurance policies contain exclusions, limitations, reductions of benefits, and terms for keeping them in force. Clients seeking information regarding their particular investment needs should contact a financial professional. 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). 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. 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. FlexGuard Life performs exactly in that way, prioritizing protection, growth and access.. 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. based on your individual retirement needs and change themes those needs evolve. Prudential Financial, Inc. 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. bottom: -18px Index-linked variable annuity products are complex insurance and investment vehicles. For complete information about the annuity, please refer to the PruSecure Important Information Disclosure Statement PDF opens in a new window. FlexGuard - NY and all product features are not approved for use in all states or through all broker-dealers. FLIAC is in the process of changing its name from Prudential Annuities Life Assurance Corporation (PALAC) in certain jurisdictions. In 2017 Department of Labors fiduciary rule being struck down in federal court of Appeals has been especially helpful in the sales of indexed annuities. 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. .RIANavBar a { 0000005769 00000 n
If the index increased by 3%, an amount that is less than the cap rate of 4%, the credited interest would be 3%. Investment advisory products and services are made available through Pruco, a registered investment adviser. 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. Neither Prudential Financial, Inc. nor Assurance IQ offers, underwrites, or administers health plans or health insurance policies. FlexGuard - NY and all its features may not be approved in allbroker-dealers. Slide 7 establishes how rethinking your approach to asset allocation may be smart. In this annuity review we will be going over annuity details regarding the Prudential Flex Guard Structed Variable annuity. 0000005742 00000 n
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ABOUT PRUDENTIAL INDIVIDUAL LIFE INSURANCE
The client will choose on the application if they wish to (1) allocate to the Index Strategies immediately, (2) defer their allocation for 45 days from the application signed date to accommodate multiple transfers and exchanges or (3) elect to defer their allocation to a specified date. Statement of Financial Condition for Prudential Investment Management Services, LLC. 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. Suggestions may appear below after you type 3 letters. 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. 528 36
A positive or negative MVA may also apply. Furthermore, the underlying mutual fund fee is 0.83%. 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. Certified Financial Planner will be happy to answer any question, Protect Select a level of protection that will limit losses, Grow- Participate in the limit upside of market indexes. strategies called Tiered Participation Rate and Step Rate Plus, that can enable you to accelerate a portion of your growth potential in up markets, providing you with the possibility of earning even more. Call an annuity specialist at 888-311-4889 (option 2) to learn more. 0000013916 00000 n
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. only and may not be approved in all states. 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. NEWARK, N.J. -- (BUSINESS WIRE)-- Prudential Financial, Inc. ( NYSE: PRU ), launched FlexGuard today, the company's first indexed variable annuity product, designed . The contract number is IVUL-2022 and may be followed by a state code. Investors should carefully consider the features of the contract, index strategies, and the underlying portfolios' investment objectives, policies, management, risks, charges and expenses. It offers a level of protection for your clients money against loss with the opportunity for it to grow based on the performance of a specific market index, or combination of indices. In providing this information, neither Prudential nor any of its affiliates or financial professionals is acting as your ERISA fiduciary. FlexGuard offers you the ability to allocate amongst the following Variable Investment options, in addition to the Index Strategies. The S&P 500 Index is a product of S&P Dow Jones Indices LLC ("SPDJI"), and has been licensed for use by Pruco Life Insurance Company of New Jersey. 0000061397 00000 n
+1 201-835-4872
If youre considering this annuity and have additional questions, feel free contact us via oursecure contact form. With the help of the buffer, your risk of loss could be lessened. The experience has also seen over 400 users click through to the FlexGuard Modeling Tool. 0000009917 00000 n
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. 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. Marketing and training materials contained on these websites need to be approved by the Prudential Retirement Strategies Marketing Compliance Unit prior to use. 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. Please consult with your tax and legal advisors regarding your personal circumstances. 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. Each company (PICA, PLAZ, PLNJ, FLIAC, PAD) is solely responsible for its own financial condition and contractual obligations. These advisors currently offer only insurance products issued by PICA and its affiliates (Prudential companies). But why should they have to sacrifice one for the other? Or download ourclient-approved brochure PDF opens in new window, product prospectus opens in new window and rate sheet PDF Opens in New Window to share with clients and help educate them about FlexGuard - NY. The Prudential Life Insurance Company of America Newark, NJ. PCS is not a licensed insurance agency or broker. The annuity carrier has not endorsed this review in any way nor do we receive any compensation for this review. Prudential FlexGuard Life is issued by Pruco Life Insurance Company and offered through Pruco Securities, LLC (member SIPC). Prudential's book value per share also increased slightly in the quarter to $167 per share, which means it has growing shareholder equity to cover losses, even in a pandemic. "Prudential Advisors" is a brand name of The Prudential Insurance Company of America and its subsidiaries. xref
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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 * Salene Hitchcock-Gear President of Individual Life Insurance, Prudential (Photo: Business Wire). For more information, please visit news.prudential.com. 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. 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. Clients have worked hard for their money and want to protect and grow it for the future. 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. These advisors currently offer only insurance products issued by PICA and its affiliates (Prudential companies). See current PruSecure rate sheet Call 833-813-2444 to register or Sign in PruSecure offers clients: Guaranteed Protection Their original premium payment and all growth are fully protected against market loss Growth Opportunity Their money can grow based on the performance of a market index or crediting strategy of their choice .RIANavActive a { A floor offers 100% downside protection in the event of a market loss. The content on this page is for Financial Professional use only. 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. During this period, if they withdraw any or all of the money from the annuity, surrender charges and a Market Value Adjustment will apply. 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. Your licensed financial professional can provide you with complete details. Prudential Financial, Inc. whos symbol of the Rock of Gibraltar, has been keeping its promises since 1875. Prudential Financial, its affiliates, and their financial professionals do not render tax or legal advice. and S&P 500 company whose subsidiaries provide, , and other retirement financial products to both. <]/Prev 624911/XRefStm 1346>>
If the Index Return is negative, but less than or equal to the Buffer, the Index Credit is zero. Rates, buffers, and floors can also be different for each index option. 0000009414 00000 n
Withdrawals or surrenders may be subject to contingent deferred sales charges. kristen.olsen@prudential.com, Marisa Amador
Year 1: No free withdrawals allowed in the first contract year, unless taken as a Required Minimum Distribution (RMD) that Prudential calculates. Some of the products and services discussed on the Stages site are in development and may not be currently available. Prudential, the Prudential logo, the Rock Symbol and Bring Your Challenges are service marks of Prudential Financial, Inc. 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. "Prudential Advisors" is a brand name of The Prudential Insurance Company of America and its subsidiaries. .RIANavActive a:before { left: 50%; CDs are FDIC-insured up to $250,000 per fi nancial institution, and there may be a penalty for early withdrawal. If youd like to see Fortitude Re product information, please click here opens in new window. 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. 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. Pruco Life Insurance Company, an Arizona company - California COA # 3637. Dow Jones U.S. Real Estate Index is designed to track the performance of Real Estate Investment trusts (REIT) and other companies that invest directly or indirectly in real estate through development, management, or ownership, including property agencies. The Cap Rate is the maximum rate that may be credited to this strategy. Fortitude Re and the Fortitude Re logo are service marks of Fortitude Group Holdings, LLC and its affiliates. 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 . 0000036749 00000 n
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It is possible that clientswould have realized less of a loss or no loss if the Performance Lock occurred at a later time, or if the Index Strategy was not locked.Clientswill not receive Index Credit on any locked Index Strategy on the Index Strategy End Date. 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. Prudential Financial, its affiliates, and their financial professionals do not render tax or legal advice. Bloomberg U.S. Intermediate Credit Index:BLOOMBERG is a trademark and service mark of Bloomberg Finance L.P. and its affiliates (collectively "Bloomberg"). Subject: Announcing Prudential FlexGuard indexed variable annuity Prudential FlexGuard indexed variable annuity available on or about May 18, 2020 Dear Valued Partner, . Variable annuities are distributed by Prudential Annuities Distributors, Inc., Shelton, CT. 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 clients or prospective clients. The Disclosure Statement contains a more detailed description of the limited relationship MSCI has with Pruco Life Insurance Company and any related annuity contracts. Variable investment options are available but do not offer protection levels. Partner with us, and well invest in you. Unfortunately, that didnt rule holding agent up to a higher standard, as a fiduciary, did not pass. Comprehensive financial planning offered through the Stages channel is more limited in scope than comprehensive financial planning offered through the Prudential Advisors distribution channel. The information is not intended as investment advice and is not a recommendation about managing or investing your retirement savings. margin: 0; LINK by Prudential is an umbrella marketing name for Prudential Customer Solutions LLC ("PCS"), Prudential Annuities Distributors, Inc. and various subsidiaries of The Prudential Insurance Company of America. Please refer to the current rate sheet and prospectus for more information. The information is not intended as investment advice and is not a recommendation about managing or investing your retirement savings. 0000024403 00000 n
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. 2023 Prudential Financial, Inc. and its related entities. Typically, the longer the surrender charge period, the higher the fixed rates and index-based cap rates and participation rates. 0000030460 00000 n
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 . We have also seen a high click-through to the FlexGuard Rate Sheet. Annuities are issued by Pruco Life Insurance Company, a Prudential Financial company, located in Newark, NJ (main office). Growth opportunities are provided by index strategies and variable investment options. Low-risk investments today offer little growth opportunity, while investing in the stock market can be risky. Prudential Financial Inc. (NYSE: PRU), today launched FlexGuard Income, a new indexed variable annuity that provides customers with investment strate Fortitude Re has retained PICA as an unaffiliated Third-Party Administrator. Unlike standard death benefits that provide only the greater of premiums paid or current account value, if your client passes away during their index term, their beneficiaries will also receive a portion of any index growth up to that point. Available Buffers, which may vary by Index Strategy, are 10%, 15%, and 20%. Prudentials iconic Rock symbol has stood for strength, stability, expertise, and innovation for more than a century. They decide the percentage of their money to allocate to each and the term of each index-based strategy. The customer will have the option to allocate their premium to one or more indices listed below: The customer will have the option to allocate to one, some, or all the Index Strategies listed below: Negative Index Return is protected from loss within the Buffer associated with the selected Index Strategy. All guarantees and benefits of the insurance policy are backed by the credit worthiness and claims-paying claims-paying ability of Pruco Life Insurance 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. Any allocations to the Index Strategies must occur on an Index Anniversary. }*/ In a rising interest rate environment, increases in caps if any, may be substantially slower than increases in interest rates. MEDIA CONTACTS
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These two index crediting strategies determine how their money may grow. Fortitude Re has retained PICA as an unaffiliated Third-Party Administrator. 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. It is a calculated value and is used when a withdrawal, death benefit payment, transfer, annuitization, or surrender occurs mid-term. 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. 0000019833 00000 n
Today the Prudential fee amounts to 1.9% but a few years down the line you may be paying 2.6%! * The 5-year index term can only be elected at contract issue and cannot be renewed. 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. Clients seeking information regarding their particular investment needs should contact a financial professional. It is possible to lose money by investing in securities. MSCI EAFE Index: The annuity contract referred to herein is not sponsored, promoted or endorsed by MSCI, and MSCI bears no liability with respect to any such annuity contract or any index referred to by any such annuity contract. Early withdrawals may result in a loss in addition to applicable surrender charges. Caps, Precision Rates, and DPSCs for a 1-year term cannot be less than 1.50%. FlexGuard - NY is issued by Pruco Life Insurance Company. Otherwise, theIndex Credit is equal to the negative Index Return in excess of the Buffer. Unique to Prudential, FlexGuard - NYs Tiered Participation Rate index strategy oers clients 100% of the positive index growth up to the tier level, and then the opportunity to accelerate their growth by capturing a percentage MORE than 100% of the index growth above that level. These advisors currently offer only insurance products issued by PICA and its affiliates (Prudential companies). 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. Other proprietary Fortitude Re marks may be designated as such through the use of the SM or symbols. Use our income modeling tool Current Index Strategy Rates and Caps Current Income Percentages and Deferral Rates CT disclosure position: absolute; Please consult with your tax and legal advisors regarding your personal circumstances. list-style-type: none; Gains or losses are assessed at the end of each term. 0000030064 00000 n
It is not possible to invest directly in an index. Because this a tax qualified annuity gains are tax deferred until income/money is taken out of the annuity. Clients seeking information regarding their particular investment needs should contact a financial professional. 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. Unique to Prudential, FlexGuard's Tiered Participation Rate index strategy oers 100% of the positive index growth up to the tier level, and then the opportunity to accelerate your growth by capturing a percentage MORE than 100% of the index growth above that level. Use up and down arrow keys to navigate. 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. Money in the xed rate strategy is guaranteed to grow at a predetermined interest rate for a period of one year. 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. 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. The tax treatment will differ depending on whether they purchased the annuity with pre-tax (qualified) or after-tax (non-qualified) dollars. Prudential and its affiliates are not liable for use of the Stages platform. Are you a licensed financial professional? Step Rate Plus Index Strategy Underperform: Please refer to the product prospectus for fund investment strategies and fee information. 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. The commission-based version launches today, with a fee-based version of FlexGuard . This indexed variable annuity, also called an Registered Indexed Linked annuity, RILA, Buffer annuity, will likely be presented on three ideas: 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. Refer to the prospectus for additional information. } The Interim Value is the value of an Index Strategy on any Valuation Day during an Index Strategy Term. 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.
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