Bloomberg is not affiliated with Pruco Life Insurance Company nor approves, endorses, reviews or recommends PruSecure. 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. The contract number is IVUL-2022 and may be followed by a state code. 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. August 04, 2022 Prudential FlexGuard reaches $10B total sales milestone at record pace Our new website has recently launched with features that may not be fully supported by your current browser. Suggestions may appear below after you type 3 letters. Step Rate Plus Index Strategy Underperform: There is risk of loss of principal if negative index returns exceed the selected protection 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. 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 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. It is a calculated value that differs from the Interim Value Calculation (refer to the prospectus for additional information) and is used when a Performance Lock transaction occurs. 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 - NY also offers variable investment options which can be mixed and matched in any percentage. kristen.olsen@prudential.com, Marisa Amador If youre considering this annuity and have additional questions, feel free contact us via oursecure contact form. } Statement of Financial Condition for Prudential Investment Management Services, LLC. 0000005806 00000 n Slide 7 establishes how rethinking your approach to asset allocation may be smart. 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. Gains or losses are assessed at the end of each index. FlexGuard's index strategies allow customers to select strategies providing the potential to accelerate gains above and beyond the index return when certain targets are met. 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. Year 1: No free withdrawals allowed in the first contract year, unless taken as a Required Minimum Distribution (RMD) that Prudential calculates. Clients seeking information regarding their particular investment needs should contact a financial professional. 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. Please use one of the browsers below or contact your IT department regarding approved options. When the client purchases FlexGuard - NY you will help them make choices, custom-building their annuity to meet their individual needs and goals. Clients should read the prospectuses carefully before investing. Life insurance policies contain exclusions, limitations, reductions of benefits, and terms for keeping them in force. Available Buffers, which may vary by Index Strategy, are 10%, 15%, and 20%. Index-linked variable annuity products are complex insurance and investment vehicles. 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. 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. Each subsidiary is responsible for its own financial condition and contractual obligations. 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. On an Index Strategy Start Date, the Index Strategy Base applicable to that Index Strategy would be used instead of the Interim Value. 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. They are options held on the indexes at the annuity carriers investment department. Most indexes described above will NOT include the dividends which historically represent some returns in the case of the S&P 500 index. 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. 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. Your licensed financial professional can provide you with complete details. 0000010202 00000 n You should read the prospectuses carefully before investing. margin: 0; 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. Neither Prudential Financial, Inc. nor Assurance IQ issues, underwrites, or administers health plans or health insurance policies. } Are you a licensed financial professional? June 4, 2022; By ; sterile processing technician jobs; prudential flexguard rate sheet . }*/ It is possible to lose money by investing in securities. Variable Annuities and Variable Life Insurance are distributed by Prudential Annuities Distributors, Inc. (PAD), Shelton, CT (main office). Minimum Renewal Cap Rate, Participation Rate & Fixed Rate. A fixed indexed annuity (FIA) is a tax-deferred financial tool designed for the long term. 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. border-bottom: 10px solid #002247; With the help of the buffer, your risk of loss could be lessened. 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. 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. Prudential is not responsible for any losses related to decisions whether or not to exercise a Performance Lock. Because different indices perform differently under similar market conditions, diversification can help improve your opportunity for growth. Finally, unlike some indexed variable annuities, FlexGuard offers the security of a return of premium legacy benefit at no extra cost. This means if you pass away, your beneficiary will receive the money in your account or the total of the payments you made since the issue date, reduced proportionately by any withdrawals, whichever is greater. 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. For more information about FlexGuard Life, visit: prudential.com/landing/indexed-variable-universal-life-insurance. 0000011036 00000 n This is an independent review for you to see the pros and cons of this particular annuity. It's up to you to determine if a fixed indexed annuity is suitable for your clients. 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. During this period, if they withdraw any or all of the money from the annuity, surrender charges and a Market Value Adjustment will apply. Prudential Retirement Insurance and Annuity Company - California COA # 08003. It is a calculated value and is used when a withdrawal, death benefit payment, transfer, annuitization, or surrender occurs mid-term. Created Exclusively for Use by Financial Professionals. It is generally more profitable to Prudential if you purchase insurance products that are issued by a Prudential company than a non-Prudential company. The client'smoney is not actually invested in any index, but may earn interest credits based on the indexs performance. .pru-module.pru-module-12 .pru-module-rich-text-editor {width: 100%;}, See product specifications for more information on funds and fees associated PDF opens in new window. Use up and down arrow keys to navigate. " As I mentioned, the Flexguard annuity has ZERO fees if invested in the segments and offers up to 20% downside protection. The selections you choose together with your clients are all dependent on their investment goals and their risk tolerance. 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. display: block; Please reference the prospectus for information about the levels of protection available and other important product information. 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. When establishing interest crediting rates, Prudential considers many factors, including current economic and market conditions, the general interest rate environment and both the expected and . Copywriter: Susanne Bassmann Your clients should consult a tax advisor for more information. 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. 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. Other proprietary Fortitude Re marks may be designated as such through the use of the SM or symbols. Rates are subject to change at any time. 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. 0000001346 00000 n 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). transform: translate(-50%, -50%) 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. Gains or losses are assessed at the end of each 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. Other proprietary Fortitude Re marks may be designated as such through the use of the SM or symbols. 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"). padding: 0; If youd like to see Fortitude Re product information, please click here opens in new window. Standard & Poor's, S&P and S&P 500 are registered trademarks of Standard & Poor's Financial Services LLC ("S&P"); Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC ("Dow Jones"); and these trademarks have been licensed for use by SPDJI and sublicensed for certain purposes by Pruco Life Insurance Company of New Jersey. If the Index Return is positive, but less than the Cap Rate, the Index Credit is equal to theIndex Return. Bloomberg U.S. Intermediate Credit Index:BLOOMBERG is a trademark and service mark of Bloomberg Finance L.P. and its affiliates (collectively "Bloomberg"). CURRENT RATES This rate sheet provides the Cap Rate, Step Rates, Participation Rates (Par Rates) and Tier Levels currently offered on the Prudential FlexGuard indexed variable annuity. Prudentials A.M.Best rating is a A+ along with comdex score of 95. Prudential Financial, its affiliates, and their financial professionals do not render tax or legal advice. 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 and its affiliates are not liable for use of the Stages platform. 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. A surrender charge, or Contingent Deferred Sales Charge (CDSC), may apply in the event of an early withdrawal from the annuity. References to FLIAC shall be deemed to be references to PALAC in the jurisdictions where the name change is not yet effective. 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. .RIANavActive a:after, FlexGuard - NY is issued byPruco Life Insurance Company. 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. Transfers from the Index Strategy(ies) to the Variable Subaccounts are not allowed at any time. .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. content: ""; 0000024573 00000 n You will not receive a written financial plan or investment recommendations as part of the no cost consultation. only and may not be approved in all states. It is possible to lose money by investing in securities. NEWARK, N.J. -- (BUSINESS WIRE)-- Prudential Financial, Inc. ( NYSE: PRU ), launched FlexGuard today, the company's first indexed variable annuity product, designed . * The 5-year index term can only be elected at contract issue and cannot be renewed. %PDF-1.7 % 0000015975 00000 n For additional important information about the products, services and companies that make them available, please click here Opens in a new window.*. Dividend Yield % explanation, calculation, historical data and more Are you a licensed financial professional? Actual cap rates and participation ratesmay be higher or lower. 0000000016 00000 n across well-known indices. In addition to one-year index term options, PruSecure offers three- and ve-year index term options, which may offer more upside potential. As a result, clientsmay receive less than the full Index Credit, or less than the full protection of the Buffer, thanthey would have received if they waited for us to apply the Index Credit on the Index Strategy End Date. Investors like you doing research on annuities to combat the above concerns are finding it more difficult with all the different types of annuities like hybrid annuities, equity-linked annuities, buffer annuities, fixed index annuities (FIA), and variable annuities. The best selling retirement annuity of 2021 is the registered index-linked annuity (RILA), the $17.4 billion market for structured variable annuities also sometimes referred to as a variable indexed annuity, structured variable annuity, buffer annuity, or a structured annuity is essentially a blend of the best part of a variable annuity and limited downside protection of a fixed indexed annuity (FIA).. 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). 0000024403 00000 n 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. In a rising interest rate environment, increases in caps if any, may be substantially slower than increases in interest rates. Prudentials iconic Rock symbol has stood for strength, stability, expertise, and innovation for more than a century. . Withdrawals or surrenders may be subject to contingent deferred sales charges. .RIANavBar ul { FLIAC is in the process of changing its name from Prudential Annuities Life Assurance Corporation (PALAC) in certain jurisdictions. 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. MEDIA CONTACTS Prudential FlexGuard Life and all product features are not approved for use in all states or through all broker-dealers. FlexGuard - NY offers an innovative index crediting strategyunique to Prudential, with access to variable investment options. These advisors currently offer only insurance products issued by PICA and its affiliates (Prudential companies). Use up and down arrow keys to navigate. 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. Because this a tax qualified annuity gains are tax deferred until income/money is taken out of the annuity. Please consult with your tax and legal advisors regarding your personal circumstances. 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. 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. 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. Investing in FlexGuard Lifes Index Strategies does not represent a direct investment in an index. 0000036749 00000 n For more information about the product, including the other index crediting strategies, please refer to the client brochures, fact cards, and product prospectuses. /*.RIANavBar ul, .RIANavBar li{ 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. 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. border-left: 10px solid transparent; Each subsidiary is responsible for its own financial condition and contractual obligations. This website is for U.S. persons Opens in a new window only and may not be approved in all states. <]/Prev 624911/XRefStm 1346>> Comprehensive financial planning offered through the Stages channel is more limited in scope than comprehensive financial planning offered through the Prudential Advisors distribution channel. Variable annuities are distributed by Prudential Annuities Distributors, Inc., Shelton, CT. Retirement products and services are provided by Prudential Retirement Insurance and Annuity Company, Hartford, CT, or its affiliates . The Interim Value is the value of an Index Strategy on any Valuation Day during an Index Strategy Term. .RIANavBar li { It is not possible to invest directly in an index. You will not receive a written financial plan or investment recommendations as part of the no cost consultation. Fortitude Re and the Fortitude Re logo are service marks of Fortitude Group Holdings, LLC and its affiliates. 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. 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. 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,. Each index strategy determines how your money can grow and calculates the interest you can earn differently. } Caps, Precision Rates, and DPSCs for a 1-year term cannot be less than 1.50%. 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. There are limitations and restrictions when making withdrawals. Fortitude Re has retained PICA as an unaffiliated Third-Party Administrator. Sales of the FlexGuard Suite annuities, which are the variable annuities that Prudential most wants to sell, decreased to $1.1 billion, from $1.4 billion. 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. Launched in May 2020, it features index strategies with buffers that can help limit market losses while providing investors the opportunity for asset growth. (See Important Information Disclosure Statement for additional information about MVAs.) 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 and its affiliates are not liable for use of the Stages platform. They decide the percentage of their money to allocate to each and the term of each index-based strategy. 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. ** The websites referenced above are not endorsed or supported by any of the Prudential Financial companies. Buffer. padding: 15px 0 15px 0; 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. 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. 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. 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. Prudential FlexGuard Life is an innovative Indexed Variable Universal Life product that offers a flexible combination of protection, growth, and access to meet consumers' changing life insurance needs. FlexGuard offers you the ability to allocate amongst the following Variable Investment options, in addition to the Index Strategies. 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. Annuities are issued by Pruco Life Insurance Company of New Jersey located in Newark, NJ (main office). 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. +1 973-802-8969 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. Sales of fixed annuities increased to . Please use one of the browsers below or contact your IT department regarding approved options. It includes death benefit protection with guaranteed duration options, multiple ways to grow cash values and the ability to accelerate death benefits in the event of a chronic or terminal illness if an additional rider has been added.
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