border-bottom: 10px solid #ccc; The Performance Lock feature is an optional featureavailable on FlexGuard - NY that allows clients to lock in gains or limit the potential for a loss prior to the Index Strategy End Date. But why should they have to sacrifice one for the other? Bloomberg or Bloomberg's licensors, own all proprietary rights in the Bloomberg Indices. 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. 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. How does the issuer pay for all this? Check out the current rate sheet. Compliance NumberTemplate: 1000797-00012-00. PruSecure was designed to meet the needs of clients who are: Initial: $10,000 Subsequent: Not Permitted, Minimum: None / Maximum: 85 Contracts may not be issued on or after the 86th birthday of the oldest of all owners and annuitants, No later than the first contract anniversary on or after the oldest owner's or annuitant's 95th birthday, Indexed-Based Strategy with Point-to-Point Crediting with Cap Rate and Point-to-Point Crediting with Participation Rate. Low-risk investments today offer little growth opportunity, while investing in the stock market can be risky. . Access to policy cash values is through loans and withdrawals. 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). During this period, if they withdraw any or all of the money from the annuity, surrender charges and a Market Value Adjustment will apply. 0000019833 00000 n
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. border-bottom: 10px solid #002247; Contact your wholesaler today and have our team of experts and resources work for you. Individual Fixed Index Annuity Sales from 2016 to 2019 and they finished in the #2 spot in 2020.. Allianz was founded in 1896 and based in Minneapolis, Minnesota, Allianz Life Insurance Company of North America is a leading provider of retirement and protection solutions, including life insurance, and fixed, variable, and fixed index annuities for . for the Prudential FlexGuard Income Index Linked Variable Income Benefit (the "Benefit") available with the Annuity. Growth opportunities with added ability to lock in performance. margin: 0; By using this website, you agree that you have read and agree to our Terms and Conditions. June 4, 2022; By ; sterile processing technician jobs; prudential flexguard rate sheet . 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. You will not receive a written financial plan or investment recommendations as part of the no cost consultation. Please consult with your tax and legal advisors regarding your personal circumstances. Step Rate Plus Index Strategy Underperform: In providing this information, neither Prudential nor any of its affiliates or financial professionals is acting as your ERISA fiduciary. 0000008048 00000 n
For Compliance Use Only: 1003626-00008-00. /*background-color: #07639d;*/ 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. Fixed indexed annuitiesare not FDIC-insured and have limitations and surrender charges. Typically, the longer the surrender charge period, the higher the fixed rates and index-based cap rates and participation rates. 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. 0000009917 00000 n
only and may not be approved in all states. Investors should carefully consider the features of the contract, index strategies, and the underlying portfolios' investment objectives, policies, management, risks, charges and expenses. /* .RIANavActive a:before { 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. Launched in May 2020, it features index strategies with buffers that can help limit market losses while providing investors the opportunity for asset growth. 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. Fortitude Re is the marketing name for FGH Parent, L.P. and its subsidiaries, including FLIAC. Prudentials A.M.Best rating is a A+ along with comdex score of 95. to grow your money in up markets by choosing from FlexGuards three index strategies. 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. 0000011036 00000 n
For complete information about the annuity, please refer to the PruSecure Important Information Disclosure Statement PDF opens in a new window. 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. Money in the xed rate strategy is guaranteed to grow at a predetermined interest rate for a period of one year. 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. At the time your clients purchase the contract, they may select a 5- or 7-year surrender charge period, which is the amount of time they must wait until they can withdraw funds from their annuity without facing a penalty charge. 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. 0000008198 00000 n
The product builds upon the record success of FlexGuard, the fastest-selling indexed variable annuity launch ever in the industry, achieving more than $3.5 . 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 . Created Exclusively for Use by Financial Professionals. } %PDF-1.7
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margin: 20px 0; Prudential LINK and LINK by Prudential occasionally may be referred to as LINK. 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. 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. 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 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. +1 201-835-4872
With FlexGuard - NYs Cap Rate index strategy, clients receive any positive index growth up to an upper limit (called a cap). 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. Each company (PICA, PLAZ, PLNJ, FLIAC, PAD) is solely responsible for its own financial condition and contractual obligations. based on your individual retirement needs and change themes those needs evolve. FlexGuard sales totaled $1.6 billion in the first quarter, representing 84% of total annuity sales, up from $1.2 billion in the fourth quarter of 2020, he said. 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. Think of it as a second layer of protection., Table below will update as the competition changes. Currently, there are some great choices for retirement annuities. To request a side by side, click on the compare button below, and our Certified Financial Planner will be happy to answer any question you might have (Click Here).. This product will issue daily. If you would like information about your particular investment needs, please contact a financial professional. Please use one of the browsers below or contact your IT department regarding approved options. It can be customized based on a client's retirement goals and adjusted as their needs change. FlexGuard - NY and all product features are not approved for use in all states or through all broker-dealers. * "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. Prudential, also known as "The Rock," has been in business for nearly 140 years. There is risk of loss of principal if negative index returns exceed the selected protection level. Prudential Financial, its affiliates, and their financial professionals do not render tax or legal advice. There may typically be upper limits known as cap rates and participation rates, on the amount of potential interest credited in a given period, as well as a floor that offers downside protection. It is a free float-adjusted market capitalization index that is designed to measure the equity market performance of 21 developed markets, excluding the U.S. and Canada. The 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. 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. Clients have worked hard for their money and want to protect and grow it for the future. Bloomberg is not affiliated with Pruco Life Insurance Company nor approves, endorses, reviews or recommends PruSecure. This website is for U.S. persons Opens in a new window only and may not be approved in all states. 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. But that can create a dilemma. Each is a Prudential Financial company located in Newark, NJ (main office), except for PALAC which is located in Shelton, CT (main office), and each is solely responsible for its own financial condition and contractual obligations. 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. Asset allocation and rebalancing do not ensure a profit or guarantee against loss. Allocations among variable investment options can happen at any time. Not available in New York. Variable investment options are offered with this product; however, are not included for illustration purposes and do not offer downside protection. Annuities are issued by Pruco Life Insurance Company of New Jersey located in Newark, NJ (main office). 0000015975 00000 n
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. and has been licensed to Pruco Life Insurance Company ("Licensee"). The more loss protection or buffer you select, the less upside gain from the index you will receive. Partial downside protection is provided through the bufferwhere index losses within the buffer are protected. 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. You also have the opportunityto grow your money in up markets by choosing from FlexGuards three index strategies. The tax treatment will differ depending on whether they purchased the annuity with pre-tax (qualified) or after-tax (non-qualified) dollars. S&P chooses the member companies for the 500 based on market size, liquidity and industry group representation. Pruco Life Prudential FlexGuard Indexed VA. Prudential came to the structured annuity market in early 2020, 10 years after the birth of this category. This page specifically focuses on Prudential products. padding: 0; Since this investment is usually for the long term such as 10 years, it is important that the annuity company itself is financially sound. The guarantees in the annuity are back by the insurance company and not from a government agency. However each states Guaranty Association has a dollar amount, usually $100,000, that it will refund if an annuity carrier went bankrupt. The contract, announced this week, has been issued as a B-share variable annuity (with a six-year surrender period with a 7% withdrawal penalty in the . Unfortunately, that didnt rule holding agent up to a higher standard, as a fiduciary, did not pass. Buffer. The information is not intended as investment advice and is not a recommendation about managing or investing your retirement savings. "Prudential Advisors" is a brand name of The Prudential Insurance Company of America and its subsidiaries. Year 1: No free withdrawals allowed in the first contract year, unless taken as a Required Minimum Distribution (RMD) that Prudential calculates. 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. FlexGuard - NY's Index Strategies do not represent a direct investment in an index. 0000001346 00000 n
Receive alerts on new stories, articles, and more by subscribing to one or more RSS Feeds. One of the most valuable aspects of FlexGuard is its potential to cushion your account against loss. With FlexGuards index strategies, you can select a level of protection, called a buffer. This link has sublinks - To access press Enter. 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. } 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. Index lossesthat exceed the buffer will result in a loss of Account Value. 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. 0000000016 00000 n
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. } The selections you choose together with your clients are all dependent on their investment goals and their risk tolerance. } 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. 0000018563 00000 n
Each index strategy determines how your money can grow and calculates the interest you can earn differently. By using this website, you agree that you have read and agree to our Terms and Conditions. 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. 0000024473 00000 n
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. Available through Registered Investment Advisors; offers similar features and options as the PruSecure Fixed Indexed Annuity. You should consider the investment objectives, risks, and charges and expenses carefully before investing in the contract and/or underlying portfolios. It is possible to lose money by investing in securities. 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. If the Index Return is negative, but less than or equal to the Buffer, the Index Credit is zero. FlexGuard also enables you to diversify where you put your money by allocating. This website is for U.S. persons Opens in a new window only and may not be approved in all states. Prudential is not responsible for any losses related to decisions whether or not to exercise a Performance Lock. The buffer is the amount the Account Value is protected in the case of a negative index return. } Buffers and floors cannot change for a contract after they are established. xref
Variable Annuities and Variable Life Insurance are distributed by Prudential Annuities Distributors, Inc. (PAD), Shelton, CT (main office). 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. position: absolute; Prudential Financial, its affiliates, and their financial professionals do not render tax or legal advice. FlexGuard - NY offers an innovative index crediting strategy unique to Prudential, with access to variable investment options. Are you a licensed financial professional? You will not receive a written financial plan or investment recommendations as part of the no cost consultation. Contact your wholesaler today and have our team of experts and resources work for you. This zero fee hedging strategy is only available within an annuity wrapper which is why I recommended it and own a similar product with Lincoln Financial myself. A surrender charge, or Contingent Deferred Sales Charge (CDSC), may apply in the event of an early withdrawal from the annuity. Neither Prudential Financial, Inc. nor Assurance IQ issues, underwrites, or administers health plans or health insurance policies. Clients seeking information regarding their particular investment needs should contact a financial professional. 0000009387 00000 n
In providing this information, neither Prudential nor any of its affiliates or financial professionals is acting as your ERISA fiduciary. Transfers from the Index Strategy(ies) to the Variable Subaccounts are not allowed at any time. Are you a licensed financial professional? 528 0 obj
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The product prospectus contains a more detailed description of the limited relationship MSCI has with Pruco Life Insurance Companyof New Jersey and any related annuity contracts. Partner with us, and well invest in you. A Stable Value Fund First Quarter 2022 Fund Fact Sheet - Page 3 qualified professional. Prudential FlexGuard Life is issued by Pruco Life Insurance Company and offered through Pruco Securities, LLC (member SIPC). 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%. Comprehensive financial planning offered through the Stages channel is more limited in scope than comprehensive financial planning offered through the Prudential Advisors distribution channel. . 0000005742 00000 n
The Prudential Life Insurance Company of America Newark, NJ. 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. Neither Prudential Financial, Inc. nor Assurance IQ offers, underwrites, or administers health plans or health insurance policies. Certain indicesassociated with Index Strategies may be subject to an underlying fee or reduction. The Performance Value will not fluctuate for the remainder of the existing index strategy term unless there is a withdrawal or reallocation. Participation Rates cannot be less than 100%. Fortitude Re has retained PICA as an unaffiliated Third-Party Administrator. 1 Announces 2022 Results. 528 36
May 18, 2020 8:00AM EDT. Each subsidiary is responsible for its own financial condition and contractual obligations. The cap rate is the maximum amount of interest that can be credited during a specific index term. It is not possible to invest directly in an index. There is risk of loss of principal if negative index returns exceed the selected protection level. In providing this information, neither Prudential nor any of its affiliates or financial professionals is acting as your ERISA fiduciary. bottom: -18px * FlexGuard index strategies help clients: FOR FINANCIAL PROFESSIONAL USE ONLY. 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. 0000024573 00000 n
hb``f``b`e`~bl,+00e@L. 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. Our new website has recently launched with features that may not be fully supported by your current browser. Neither Prudential Financial, Inc. nor Assurance IQ issues, underwrites, or administers health plans or health insurance policies. The information is not intended as investment advice and is not a recommendation about managing or investing a clients retirement savings. 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. Conservative, risk averse, or uncomfortable with the idea of losing money, but still want the potential to grow it, Looking for a way to protect and potentially grow a portion of their income-producing assets earmarked for retirement, Frustrated with the minimal returns they are receiving in today's low interest rate environment, Service your existing Prudential Annuities clients, Minimum renewal Cap Rate during surrender charge period 1.00%, after surrender charge period 1.00%, Minimum renewal Participation Rate during surrender charge period 5.00%, after surrender charge period 5.00%, Minimum renewal Cap Rate during surrender charge period 2.00%, after surrender charge period 1.00%, Minimum renewal Participation Rate during surrender charge period 10.00%, after surrender charge period 5.00%, Minimum renewal Fixed Rate during surrender charge period 1.00%; after surrender charge period 0.05%, Withdrawals in excess of the free withdrawal amount, with the exception of Required Minimum Distributions, are subject to an MVA during the surrender charge period, This adjustment may either increase or decrease the amount withdrawn and is determined by a formula that is tied to the Bloomberg U.S. Intermediate Credit Index; MVA may not apply in all states, Free withdrawals in each contract year are not cumulative, Surrender charges and MVA will not apply to RMDs that Prudential calculates, Minimum renewal Cap Rate during surrender charge period 3.00%, after surrender charge period 1.00%, This adjustment may either increase or decrease the amount withdrawn and is determined by a formula that is tied to the BloombergU.S. Intermediate Credit Index; MVA may not apply in all states, Certain securities products and services are offered through Pruco Securities, LLC and Prudential Investment Management Services, LLC, both members.