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. 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. Comprehensive financial planning offered through the Stages channel is more limited in scope than comprehensive financial planning offered through the Prudential Advisors distribution channel. 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. FlexGuard offers you the ability to allocate amongst the following Variable Investment options, in addition to the Index Strategies. Flexguard Income is issued by Pruco Life Insurance Company CT disclosure MN disclosure 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. . Please use one of the browsers below or contact your IT department regarding approved options. 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. Fortitude Re is the marketing name for FGH Parent, L.P. and its subsidiaries, including FLIAC. 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. Featured News Stories. Compliance NumberTemplate: 1000797-00012-00. For more information about the product, including the other index crediting strategies, please refer to the client brochures, fact cards, and product prospectuses. Prudential Annuities does not provide investment advice. The Prudential Life Insurance Company of America Newark, NJ. Prudential FlexGuard income indexed variable annuity . Call an annuity specialist at 888-311-4889 (option 2) to learn more. The buffer will vary by the selected strategy, term length, andindex elected. If a Performance Lock is executed when thePerformance Lock Value has declined, clientswill lock in any loss. 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. 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. 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. Neither Prudential Financial, Inc. nor Assurance IQ issues, underwrites, or administers health plans or health insurance policies. Annuities are issued by Pruco Life Insurance Company of New Jersey located in Newark, NJ (main office). 0000030460 00000 n It is a calculated value and is used when a withdrawal, death benefit payment, transfer, annuitization, or surrender occurs mid-term. Comprehensive financial planning offered through the Stages channel is more limited in scope than comprehensive financial planning offered through the Prudential Advisors distribution channel. For additional important information about the products, services and companies that make them available, please click here Opens in a new window.*. 0000030064 00000 n 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. 0000011656 00000 n If the Index Return is negative, but less than or equal to the Buffer, the Index Credit is zero. 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. This website is for U.S. persons Opens in a new window only and may not be approved in all states. It can be customized based on a clients retirement goals and adjusted as their needs change. } 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. Tier Levels may be higher or lower than the initial Tier Level, but will never be higher than the Guaranteed Maximum Tier Level. The information is not intended as investment advice and is not a recommendation about managing or investing your retirement savings. margin: auto; The information is not intended as investment advice and is not a recommendation about managing or investing your retirement savings. Compliance NumberTemplate: 1000797-00012-00. 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: . A Stable Value Fund First Quarter 2022 Fund Fact Sheet - Page 3 qualified professional. These rates are set by Prudential Annuities and effective as of the date indicated above. You should read the prospectuses carefully before investing. 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. The information is not intended as investment advice and is not a recommendation about managing or investing a clients retirement savings. 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. The Insurance Charge is a combination of the Mortality & Expense Risk Charge and the Administration Charge. Prudential Financial, its affiliates, and their financial professionals do not render tax or legal advice. 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. FlexGuard - NY offers them the opportunity to choose their buffer level as well as their term length. The client'smoney is not actually invested in any index, but may earn interest credits based on the indexs performance. You also have the opportunityto grow your money in up markets by choosing from FlexGuards three index strategies. Bloomberg U.S. Intermediate Credit Index:BLOOMBERG is a trademark and service mark of Bloomberg Finance L.P. and its affiliates (collectively "Bloomberg"). It is not possible to invest directly in an index. 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. 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. Surrender charges/fees and periods for this annuity are the typical of most commissionable annuities. Prudential FlexGuard Life is issued by Pruco Life Insurance Company and offered through Pruco Securities, LLC (member SIPC). border-bottom: 10px solid #002247; 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. Our annuity review also called look is overseen by our in house Certified Financial Planner that has to put you first, as a fiduciary thru the CFP Board so you will have the confidence to use these annuities in your retirement plan after our reviews. xref 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. .RIANavBar li { Your clients should consult a tax advisor for more information. Prudential Financial names its next Emerging Visionaries For the second year, 25 exceptional young leaders are honored for their work addressing the challenges of a changing world. FlexGuards three index strategies include a cap rate strategy, which allows you to earn interest on any index growth up to a defined limit, called a cap; as well as two index. If the index increased by 20% which is greater than the cap rate of 4% the interest credited would be 4%. 0000046767 00000 n Before purchasing any investment product be sure to do your own due diligence and consult a properly licensed professional, preferably a certified financial planner practitioner,should you have specific questions as they relate to your individual circumstances. All products and/or options may not be available in all states or with all broker/dealers. 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. 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%. Our Certified Financial Planner professional (CFP) will answer your questions FREE within 24 hours. 1-Year Term 3-Year Term 1-Year Term (Step Rate) 1-Year Term (Fixed Account) Get started today. 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. Not for Consumer Use. 0000021753 00000 n 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. 0000011036 00000 n S&P chooses the member companies for the 500 based on market size, liquidity and industry group representation. 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.. Fee-Only planners have access to Advisory or I- share fee advised structured annuities, They usually have zero surrender charges, instant liquidity, and higher index rates. These planners charge annual fees to manage the indexes around 1.00% per year of assets in the annuity. Still, a better option as these fee-only RILA annuities have higher upside cap rates than the commissionable traditional RILA/ buffer annuities. Check out, for available fee-only buffer annuities. Fee-Only planners have access to Advisory or I- share fee advised structured annuities, They usually have zero surrender charges, instant liquidity, and higher index rates. These planners charge annual fees to manage the indexes around 1.00% per year of assets in the annuity. Still, a better option as these fee-only RILA annuities have higher upside cap rates than the commissionable traditional RILA/ buffer annuities. Check out BufferQuote.comfor available fee-only buffer annuities, FlexGuard is a customizable indexed variable annuity that allows you to make choices. Buffers and floors cannot change for a contract after they are established. 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. " As I mentioned, the Flexguard annuity has ZERO fees if invested in the segments and offers up to 20% downside protection. Also, its important to note that if they take a withdrawal or annuitize the contract, taxes will apply. list-style-type: none; 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. The annuity carrier has not endorsed this review in any way nor do we receive any compensation for this review. 0000018563 00000 n 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. 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. Each index strategy determines how your money can grow and calculates the interest you can earn differently. for the Prudential FlexGuard Income Index Linked Variable Income Benefit (the "Benefit") available with the Annuity. FlexGuard - NY and all its features may not be approved in allbroker-dealers. You will not receive a written financial plan or investment recommendations as part of the no cost consultation. Withdrawals taken during the surrender charge period, excluding any Required Minimum Distributions, will be subject to any applicable surrender charges and a Market Value Adjustment. Early withdrawals may result in a loss in addition to applicable surrender charges. Gains or losses are assessed at the end of each index. 0000009387 00000 n Prudential FlexGuard Life and all product features are not approved for use in all states or through all broker-dealers. Prudential reserves the right to change rates at any time. .id-Z7_G802HJS0M0B280QQVMVG6OP8R2 .ibmPortalControl .module { Please consult with your tax and legal advisors regarding your personal circumstances. 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. Our new website has recently launched with features that may not be fully supported by your current browser. 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. Typically, the longer the surrender charge period, the higher the fixed rates and index-based cap rates and participation rates. marisa.amador@prudential.com, Amid market volatility, Prudentials innovative investment strategy meets increased need for asset protection. and has been licensed to Pruco Life Insurance Company ("Licensee"). Applicable to only Account Value allocated to the variable investment options (assessed daily as a percentage of the net assets of the variable investment options). With the help of the buffer, your risk of loss could be lessened. 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. There is no maximum amount of Index Credit with this strategy. Today, Prudential is one of the most recognized and one of the world's largest financial services institutions.. 0000014746 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%. Topics Protection Income 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. } A fixed indexed annuity (FIA) is a tax-deferred financial tool designed for the long term. The Interim Value is the value of an Index Strategy on any Valuation Day during an Index Strategy Term. 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. 563 0 obj <>stream %%EOF 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. Term: The number of years that the Shield Option is in effect. The Prudential FlexGuard indexed variable annuity to which this disclosure applies (the "Product") has been developed solely by . The Disclosure Statement contains a more detailed description of the limited relationship MSCI has with Pruco Life Insurance Company and any related annuity contracts. Access to policy cash values is through loans and withdrawals. 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. 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. Prudential Retirement Insurance and Annuity Company - California COA # 08003. The rule, which raised investment-advice standards in retirement accounts, would of made brokers and insurance agents become fiduciaries to sell indexed annuity and other financial products opening up potential lawsuits from bad sales of annuity products. 0000001036 00000 n June 4, 2022; By ; sterile processing technician jobs; prudential flexguard rate sheet . 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. Prudential Financial, its affiliates, and their financial professionals do not render tax or legal advice. By using this website, you agree that you have read and agree to our Terms and Conditions. 0000010202 00000 n Prudential Financial, Inc. whos symbol of the Rock of Gibraltar, has been keeping its promises since 1875. 528 36 Launched in May 2020, it features index strategies with buffers that can help limit market losses while providing investors the opportunity for asset growth. Fixed indexed annuitiesare not FDIC-insured and have limitations and surrender charges. Prudential and its affiliates are not liable for use of the Stages platform. I hope you found this look informative and found value in your time. Aloha! It is generally more profitable to Prudential if you purchase insurance products that are issued by a Prudential company than a non-Prudential company. 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. Fortitude Re is the marketing name for FGH Parent, L.P. and its subsidiaries, including FLIAC. Contact your wholesaler today and have our team of experts and resources work for you. 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. 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. "Prudential Advisors" is a brand name of The Prudential Insurance Company of America and its subsidiaries. Some of the products and services discussed on the Stages site are in development and may not be currently available. Please reference the prospectus for information about the levels of protection available and other important product information. In this annuity review we will be going over annuity details regarding the Prudential Flex Guard Structed Variable annuity. Prudential FlexGuard is an indexed variable annuity designed for clients looking for a level of protection and innovative growth opportunities for their retirement savings. Mix and match indices, crediting strategies, and index term options to create a customized strategy that helps meet your clients needs. prudential flexguard rate sheet. The floor is always 0%. Are you a licensed financial professional? However, transfers among Variable Subaccounts may occur at any time. Slide 7 establishes how rethinking your approach to asset allocation may be smart. You should consider the investment objectives, risks, and charges and expenses carefully before investing in the contract and/or underlying portfolios. Otherwise, theIndex Credit is equal to the negative Index Return in excess of the Buffer. There is risk of loss of principal if negative index returns exceed the selected protection level. Receiving benefits under the terms of an accelerated death benefit rider for chronic or terminal illness will reduce and may eliminate the death benefit. Salene Hitchcock-Gear President of Individual Life Insurance, Prudential (Photo: Business Wire). Gains or losses are assessed at the end of each term. 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. This area is reserved for members of the news media. S&P 500 Index and Dow Jones US Real Estate Index: The "S&P 500 Index" and "Dow Jones U.S. Real Estate Index" are products of S&P Dow Jones Indices LLC, a division of S&P Global, or its affiliates ("SPDJI"), and have been licensed for use by Pruco Life Insurance Company. 0000009414 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. The commission-based version launches today, with a fee-based version of FlexGuard . The participation rate is an upper limit percentage increase used to calculate the interest that will be credited for a specific index term(s). 0000005806 00000 n See current PruSecure Select rate sheetPDF opens in a new window, Index-Based Strategy with Point-to-Point Crediting with Cap Rate. 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. See current FlexGuard - NY rates NY disclosure Benefits Features Tools In addition to one-year index term options, PruSecure offers three- and ve-year index term options, which may offer more upside potential. +1 973-802-8969 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. During this period, if they withdraw any or all of the money from the annuity, surrender charges and a Market Value Adjustment will apply. With an FIA, your clients money is not actually invested in any index, but rather may earn interest based on the indexs performance. When the client purchases FlexGuard - NY you will help them make choices, custom-building their annuity to meet their individual needs and goals. The selections you choose together with your clients are all dependent on their investment goals and their risk tolerance. 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 websites referenced above are not endorsed or supported by any of the Prudential Financial companies. 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 . Prudential is not responsible for any losses related to decisions whether or not to exercise a Performance Lock. trailer 0000005920 00000 n font-weight: bold; Suggestions may appear below after you type 3 letters. /*background-color: #07639d;*/ A variable annuity offers a unique combination of features, including market participation through a variety of investment options; tax-deferred growth opportunities; and optional protection benefits that can provide certain accumulation, income, and beneficiary guarantees for an additional cost. 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. 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. Group Insurance coverages are issued by The Prudential Insurance Company of America, a Prudential Financial company, Newark, NJ. But that can create a dilemma. Statement of Financial Condition for Prudential Investment Management Services, LLC. The Segment Rate of Return for a Choice Segment may be less than the Segment Rate of Return for a Standard Segment based on the same index, Segment Buffer and Segment Duration. * The 5-year index term can only be elected at contract issue and cannot be renewed. 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,. See current PruSecure rate sheet PDF Opens in a New Window, Call 833-813-2444 to register or Sign in, Their original premium payment and all growth are fully protected against market loss, Their money can grow based on the performance of a market index or crediting strategy of their choice, If they pass away during their index period, their beneficiaries get a portion of any index growth up to that point, They pay no taxes on any growth until they make a withdrawal. Life insurance policies contain exclusions, limitations, reductions of benefits, and terms for keeping them in force. For Financial Professional Use Only. Money in the xed rate strategy is guaranteed to grow at a predetermined interest rate for a period of one year. The contract number is IVUL-2022 and may be followed by a state code. Please consult with your tax and legal advisors regarding your personal circumstances. 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. Suggestions may appear below after you type 3 letters. * FlexGuard index strategies help clients: FOR FINANCIAL PROFESSIONAL USE ONLY. 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. If the Index Return is positive and equal to or greater than the Cap Rate, then the Index Credit is equal tothe Cap Rate. The information is not intended as investment advice and is not a recommendation about managing or investing your retirement savings. Step Rate Plus Index Strategy Underperform: The solution is customizable and can be adjusted based on changing needs, giving consumers the opportunity to take control over their 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.
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