Tier Levels may be higher or lower than the initial Tier Level, but will never be higher than the Guaranteed Maximum Tier Level. Rates, buffers, and floors can also be different for each index option. 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. 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. All products and/or options may not be available in all states or with all broker/dealers. . FLIAC is in the process of changing its name from Prudential Annuities Life Assurance Corporation (PALAC) in certain jurisdictions. Low-risk investments today offer little growth opportunity, while investing in the stock market can be risky. FlexGuard - NY offers an innovative index crediting strategy unique to Prudential, with access to variable investment options. 0000011656 00000 n One such solution is Prudential's FlexGuard indexed variable annuity. 0000010202 00000 n 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. 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. 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. 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. Typically, the longer the surrender charge period, the higher the fixed rates and index-based cap rates and participation rates. .RIANavBar li { Clients should read the prospectuses carefully before investing. 0000046879 00000 n The cap rate is the maximum amount of interest that can be credited during a specific index term. Each issuing insurance company is solely responsible for its own financial condition and contractual obligations. *The 5-year index term can only be elected at contract issue and cannot be renewed. 0000036749 00000 n Compliance NumberTemplate: 1000797-00012-00. Performance Locks are as of close of business on the day the automatic target was met or the manual lock in is requested. 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. PruSecure offers two different ways for your clients to potentially grow their money: an index-based strategy and a xed rate strategy. Compliance NumberTemplate: 1000797-00012-00. Step Rate Plus Index Strategy Index underperforms the Step Rate: Neither Prudential Financial, Inc. nor Assurance IQ offers, underwrites, or administers health plans or health insurance policies. .pru-module.pru-module-12 .pru-module-rich-text-editor {width: 100%;}, At least characters must be typed in the search field in order to perform the search. 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. Inspired by the groundbreaking success of Prudentials signature FlexGuard Indexed Variable Annuity products, which have reached over $10 billion in total sales, FlexGuard Life is a next-generation solution designed to help meet todays evolving consumer needs. The information is not intended as investment advice and is not a recommendation about managing or investing your retirement savings. PruSecure is issued byPruco Life Insurance Company and oers clients these distinct advantages when compared with other fixed indexed annuities: For over 145years, Prudential's Rock symbol has been an icon for nancial strength and stability. Neither Prudential Financial, Inc. nor Assurance IQ issues, underwrites, or administers health plans or health insurance policies. Neither Prudential Financial, Inc. nor Assurance IQ issues, underwrites, or administers health plans or health insurance policies. 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. OLD - Retirement Strategies - Trimester 2022 - Ceros Clients seeking information regarding their particular investment needs should contact a financial professional. 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. for the Prudential FlexGuard Income Index Linked Variable Income Benefit (the "Benefit") available with the Annuity. Servicing the retirement income planning market has grown in popularity as baby boomers and retirees search for options to protect against market volatility and secure lifetime income. %PDF-1.7 % For additional important information about the products, services and companies that make them available, please click here Opens in a new window.*. Prudential Financial, its affiliates, and their financial professionals do not render tax or legal advice. 0000046767 00000 n 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. } Index lossesthat exceed the buffer will result in a loss of Account Value. 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 . This is an independent product review, not a recommendation to buy or sell an annuity. "Prudential Advisors" is a brand name of The Prudential Insurance Company of America and its subsidiaries. Date Monday, April 20, 2020 2:00 PM Subject: Announcing Prudential 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. A floor offers 100% downside protection in the event of a market loss. 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. Please consult with your tax and legal advisors regarding your personal circumstances. Prudential will not warn clientsif theyexercise a Performance Lock at a sub-optimal time. display: block; 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. 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. 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. FlexGuard Life performs exactly in that way, prioritizing protection, growth and access.. Investors should carefully consider the features of the contract, index strategies, and the underlying portfolios' investment objectives, policies, management, risks, charges and expenses. trailer 0000013916 00000 n 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%. 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). Rates are subject to change at any time. height: 100%; After a Performance Lock has occurred funds remain allocated to the index strategy, but the client no longer participates in the index performance, both positive or negative, for the remainder of the existing index strategy term. For complete product information, please reference the client brochure PDF opens in new window, rate sheet PDF opens in a new window, and product prospectus. Prudential and its affiliates are not liable for use of the Stages platform. 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. Both are Prudential Financial companies located in Newark, NJ. With the help of the buffer, your risk of loss could be lessened. Interest credited with the participation rate would be 30% of 3%, which is equal to 0.90%. Use up and down arrow keys to navigate. The Interim Value does not apply to an Index Strategy on the Index Strategy Start Date and the Index Strategy End Date. Prudential launches FlexGuard Income indexed variable annuity - a new Renewal rates may be different than those listed below. 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. The Insurance Charge is a combination of the Mortality & Expense Risk Charge and the Administration Charge. If the client chooses to defer their Index Effective Date, the allocations for the Index Strategies will be placed in the Transfer Account and will automatically be transferred to the Index Strategies, if within the Transfer Account Period. When the client purchases FlexGuard - NY you will help them make choices, custom-building their annuity to meet their individual needs and goals. Because this a tax qualified annuity gains are tax deferred until income/money is taken out of the annuity. Prudential Financial, Inc. whos symbol of the Rock of Gibraltar, has been keeping its promises since 1875. Allianz Life Insurance Company was #1 in U.S. These rates are set by Prudential Annuities and effective as of the date indicated above. 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%. S&P 500, MSCI EAFE, iSHARES RUSSELL 2000 ETF, and INVESCO QQQ ETF. xref In this annuity review we will be going over annuity details regarding the Prudential Flex Guard Structed Variable annuity. 0000029765 00000 n 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. 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. Sales of fixed annuities increased to . Fortitude Re and the Fortitude Re logo are service marks of Fortitude Group Holdings, LLC and its affiliates. 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"). only and may not be approved in all states. 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 annuity carrier has not endorsed this review in any way nor do we receive any compensation for this review. S&P chooses the member companies for the 500 based on market size, liquidity and industry group representation. FLIAC is in the process of changing its name from Prudential Annuities Life Assurance Corporation (PALAC) in certain jurisdictions. 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). In providing this information, neither Prudential nor any of its affiliates or financial professionals is acting as your ERISA fiduciary. If a Performance Lock is executed when thePerformance Lock Value has declined, clientswill lock in any loss. 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. Annuities are issued by Pruco Life Insurance Company, a Prudential Financial company, located in Newark, NJ (main office). Suggestions may appear below after you type 3 letters. It's up to you to determine if a fixed indexed annuity is suitable for your clients. FlexGuard Income indexed variable annuity | Prudential Financial However, transfers among Variable Subaccounts may occur at any time. 0000024573 00000 n The stock price is. It is generally more profitable to Prudential if you purchase insurance products that are issued by a Prudential company than a non-Prudential company. It is possible to lose money by investing in securities. Shield Rates | Brighthouse Financial Please refer to the product prospectus for fund investment strategies and fee information. Not For Use with the Public. 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. Clients seeking information regarding their particular investment needs should contact a financial professional. 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. Clients seeking information regarding their particular investment needs should contact a financial professional. We have also seen a high click-through to the FlexGuard Rate Sheet. Dow Jones U.S. Real Estate Index is designed to track the performance of Real Estate Investment Trusts (REITs) and other companies that invest directly or indirectly in real estate through development, management, or ownership, including property agencies. 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. The buffer is the amount the Account Value is protected in the case of a negative index return. 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. Investment advisory products and services of LINK by Prudential are made available through PCS, an SEC registered investment adviser. For additional important information about the products, services and companies that make them available, please click here Opens in a new window.*. Clients have worked hard for their money and want to protect and grow it for the future. Prudential LINK and LINK by Prudential occasionally may be referred to as LINK. 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. Available through certain broker/dealers and offers select index-based strategies and terms. Prudential Financial, Inc. ( NYSE: PRU ), a global financial services leader and premier active global investment manager with more than $1.4 trillion in assets under management as of June 30,. 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. A surrender charge, or Contingent Deferred Sales Charge (CDSC), may apply in the event of an early withdrawal from the annuity. As you help your clients plan for a more secure tomorrow, you'll want to work with a company you know and trust. .RIANavActive a:before { 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. 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. It does not reect a specific annuity or an actual account value. In providing this information, neither Prudential nor any of its affiliates or financial professionals is acting as your ERISA fiduciary. The Disclosure Statement contains a more detailed description of the limited relationship MSCI has with Pruco Life Insurance Company and any related annuity contracts. Early withdrawals may result in a loss in addition to applicable surrender charges. All guarantees, including any optional benefits, are subject to the claims-paying ability and financial strength of the issuing insurance company.