Mix and match indices, crediting strategies, and index term options to create a customized strategy that helps meet your clients needs. Some of the products and services discussed on the Stages site are in development and may not be currently available. margin: 20px 0; 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. You will not receive a written financial plan or investment recommendations as part of the no cost consultation. The Performance Lock Value, which is different than the Interim Value, is adjusted for any withdrawals or reallocations that occur prior to the Index Strategy End Date. Prudential 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 * 0000046879 00000 n (See Important Information Disclosure Statement for additional information about MVAs.) Launched in May 2020, it features index strategies with buffers that can help limit market losses while providing investors the opportunity for asset growth. Participation Rates cannot be less than 100%. Each company (PICA, PLAZ, PLNJ, FLIAC, PAD) is solely responsible for its own financial condition and contractual obligations. 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. Available through Registered Investment Advisors; offers similar features and options as the PruSecure Fixed Indexed Annuity. 0000001036 00000 n Both are Prudential Financial companies located in Newark, NJ. Prudential Financial, Inc.is an Fortune 500 and S&P 500 company whose subsidiaries provideinsurance,investment management, and other retirement financial products to bothretailandinstitutional customers. After the first contract year, your clients may withdraw up to 10% of the account value (based on the previous contract anniversary, after all index/interest credits are applied) without surrender charges or MVA. The buffer will vary by the selected strategy, term length, andindex elected. Levels of downside protection are available on index-crediting strategies only. These rates are set by Prudential Annuities and effective as of the date indicated above. An investment in the PSF PGIM Government Money Market Portfolio is neither insured nor guaranteed by the Federal Deposit Insurance Corporation or any other government agency. MFS Value Series Service Class MFS International Growth Portfolio Service Class MFS Total Return Series Service Class MFS Total Return Bond Series Service Class PSF PGIM Government Money Market Portfolio Class III default Holding Account. The floor is always 0%. 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. Use up and down arrow keys to navigate. Suggestions may appear below after you type 3 letters. The Performance Lock Value is calculated daily and once locked,will not fluctuate for the remainder of the current Index Strategy Term, unless a withdrawal or a reallocation were to occur, and will be as of the Performance Lock Date. June 4, 2022; By ; sterile processing technician jobs; prudential flexguard rate sheet . Prudential Financial, Inc. (NYSE: PRU), a global financial services leader and premier active global investment manager, has operations in the United States, Asia, Europe, and Latin America. Step Rate Plus Index Strategy Underperform: /* .RIANavActive a:before { FLIAC is in the process of changing its name from Prudential Annuities Life Assurance Corporation (PALAC) in certain jurisdictions. Partner with us, and well invest in you. Asset allocation and rebalancing do not ensure a profit or guarantee against loss. border-bottom: 10px solid #002247; } Variable Annuities and Variable Life Insurance are distributed by Prudential Annuities Distributors, Inc. (PAD), Shelton, CT (main office). Flexguard Income is issued by Pruco Life Insurance Company CT disclosure MN disclosure Please consult with your tax and legal advisors regarding your personal circumstances. Lets get to it. and S&P 500 company whose subsidiaries provide, , and other retirement financial products to both. Money in the xed rate strategy is guaranteed to grow at a predetermined interest rate for a period of one year. 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. Prudential FlexGuard Income is an indexed variable annuity that offers income with various levels of protection and the opportunity to capitalize on market growth, even after clients have started taking income. * "Explicit product fees" refers to the Base Contract Fee, or Mortality & Expense Risk Charge and Administration Charge (M&E&A), that apply only to the variable investment options. Please refer to the current rate sheet. The participation rate is an upper limit percentage increase used to calculate the interest that will be credited for a specific index term(s). NEWARK, N.J., August 04, 2022--Prudential Financial, Inc. (NYSE: PRU) announced that its FlexGuard product has reached a $10 billion total sales milestone since its launch in 2020, making it the . 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. Certain indicesassociated with Index Strategies may be subject to an underlying fee or reduction. One crediting strategy point to point makes it easier for you to explain and clients to understand. The initial summary prospectus for the contract, the prospectus for the index strategies, and the prospectus or summary prospectus for the underlying portfolios (collectively, the prospectuses) contain this information as well as other important 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. 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. Transfers from the Index Strategy(ies) to the Variable Subaccounts are not allowed at any time. 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. Neither Bloomberg nor UBS Securities LLC and its affiliates (collectively, "UBS") are affiliated with Pruco Life Insurance Company, and Bloomberg and UBS do not approve, endorse, review, or recommend PruSecure. Variable investment options are offered with this product; however, are not included for illustration purposes and do not offer downside protection. S&P chooses the member companies for the 500 based on market size, liquidity and industry group representation. References to FLIAC shall be deemed to be references to PALAC in the jurisdictions where the name change is not yet effective. It can be customized based on a client's retirement goals and adjusted as their needs change. FlexGuard - NY and all its features may not be approved in allbroker-dealers. 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. The value of an Index Strategy at the end of any Valuation Day during an Index Strategy Term other than the Index Strategy Start Date and Index Strategy End Date. 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"). Because this a tax qualified annuity gains are tax deferred until income/money is taken out of the annuity. 0000030460 00000 n 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. Low-risk investments today offer little growth opportunity, while investing in the stock market can be risky. 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. Fortitude Re has retained PICA as an unaffiliated Third-Party Administrator. ** The websites referenced above are not endorsed or supported by any of the Prudential Financial companies. 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. Typically, the longer the surrender charge period, the higher the fixed rates and index-based cap rates and participation rates. Allocations among variable investment options can happen at any time. 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.. It affords them access to cash values when needed, providing the unique opportunity to leave a legacy while also expanding access to living benefits. 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. These advisors currently offer only insurance products issued by PICA and its affiliates (Prudential companies). You will not receive a written financial plan or investment recommendations as part of the no cost consultation. "Prudential Advisors" is a brand name of The Prudential Insurance Company of America and its subsidiaries. Prudential Financial Fact Sheet. Group Insurance coverages are issued by The Prudential Insurance Company of America, a Prudential Financial company, Newark, NJ. ABOUT PRUDENTIAL INDIVIDUAL LIFE INSURANCE Our new website has recently launched with features that may not be fully supported by your current browser. Step Rate Plus Index Strategy Index underperforms the Step Rate: Pruco Life Insurance Company, an Arizona company - California COA # 3637. If they need more than the Free Withdrawal Amount or want to take a withdrawal in the first year, they can withdraw as much of the account value as they need, but keep in mind that surrender charges and a Market Value Adjustment (MVA) will apply. Each issuing insurance company is solely responsible for its own financial condition and contractual obligations. By using this website, you agree that you have read and agree to our, Investments, Life Insurance, Retirement, Planning, Life Insurance, Retirement, Investments-old, Partnering with Association and Affinity Groups, Check the background of this firm on FINRA's BrokerCheck, Certain securities products and services are offered through Pruco Securities, LLC and Prudential Investment Management Services, LLC, both members. 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. For additional important information about the products, services and companies that make them available, please click here Opens in a new window.*. 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. Created Exclusively for Use by Financial Professionals. Gains or losses are assessed at the end of each term. border-left: 10px solid transparent; It offers you lifetime income with levels of protection and growth potentialbefore and after you start income. Sales of fixed annuities increased to . "Prudential Advisors" is a brand name of The Prudential Insurance Company of America and its subsidiaries. FlexGuard - NY offers them the opportunity to choose their buffer level as well as their term length. 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. 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. This link has sublinks - To access press Enter. Featured News Stories. startxref Prudential Annuities does not provide investment advice. All products and/or options may not be available in all states or with all broker/dealers. prudential flexguard rate sheet. Annuities are issued by Pruco Life Insurance Company of New Jersey located in Newark, NJ (main office). Prudential is not responsible for any losses related to decisions whether or not to exercise a Performance Lock. 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. Group Insurance coverages are issued by The Prudential Insurance Company of America, a Prudential Financial company, Newark, NJ. It is possible to lose money by investing in securities. If the Index Return is positive, but less than the Cap Rate, the Index Credit is equal to theIndex Return. Investment advisory products and services are made available through Pruco, a registered investment adviser. Rates are subject to change at any time. 0 Please refer to the current rate sheet and prospectus for more information. 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. 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. FlexGuard - NY's Index Strategies do not represent a direct investment in an index. In providing this information, neither Prudential nor any of its affiliates or financial professionals is acting as your ERISA fiduciary. Growth opportunities are provided by index strategies and variable investment options. It is designed to provide customers with partial downside protection and the opportunity to grow and accelerate the performance of their assets into the future. Fortitude Re is the marketing name for FGH Parent, L.P. and its subsidiaries, including FLIAC. 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. 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. If the Index Return is between zero and the declared Tier Level, then the Index Credit is equal to the IndexReturn multiplied by the Participation Rate for the 1st tier. It is generally more profitable to Prudential if you purchase insurance products that are issued by a Prudential company than a non-Prudential company. Prudential Financial, Inc. whos symbol of the Rock of Gibraltar, has been keeping its promises since 1875. Annuities are one of the few strategies that can accomplish both secured growth and guaranteed income. Fortitude Re and the Fortitude Re logo are service marks of Fortitude Group Holdings, LLC and its affiliates. This website is for U.S. persons Opens in a new window only and may not be approved in all states. } If you qualify, please, A retirement strategy as individual as you are. * FlexGuard index strategies help clients: FOR FINANCIAL PROFESSIONAL USE ONLY. Caps for the 3-year term cannot be less than 5% and for a 6-year term cannot be less than 10%. S&P 500, MSCI EAFE, iSHARES RUSSELL 2000 ETF, and INVESCO QQQ ETF. .RIANavBar a { These advisors currently offer only insurance products issued by PICA and its affiliates (Prudential companies). The information is not intended as investment advice and is not a recommendation about managing or investing your retirement savings. }*/, Select a level of protection that mayhelp limit losses, Participate in the growth potential of the market, Enhance growth potential in up markets with oneunique crediting strategy, Plus, there are NO EXPLICIT PRODUCT FEES when allocating toFlexGuard - NYs index strategies.*. For Compliance Use Only: 1003626-00008-00. Other proprietary Fortitude Re marks may be designated as such through the use of the SM or symbols. 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. This page specifically focuses on Prudential products. Fortitude Re is the marketing name for FGH Parent, L.P. and its subsidiaries, including FLIAC. 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. Prudential will not provide advice or notify clients regarding whether theyshould exercise a Performance Lock or the optimal time for doing so. Each company (PICA, PLAZ, PLNJ, FLIAC, PAD) is solely responsible for its own financial condition and contractual obligations. But that can create a dilemma. 0000024573 00000 n 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. It does not reect a specific annuity or an actual account value. A surrender charge, or Contingent Deferred Sales Charge (CDSC), may apply in the event of an early withdrawal from the annuity. 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. Year 1: No free withdrawals allowed in the first contract year, unless taken as a Required Minimum Distribution (RMD) that Prudential calculates. Fortitude Re and the Fortitude Re logo are service marks of Fortitude Group Holdings, LLC and its affiliates. padding: 15px 0 15px 0; Renewal rates may be different than those listed below. There are limitations and restrictions when making withdrawals. .id-Z7_G802HJS0M0B280QQVMVG6OP8R2 .ibmPortalControl .module { display: block; With an FIA, your clients money is not actually invested in any index, but rather may earn interest based on the indexs performance. 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. 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. 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.
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