Annuity Prospectuses & Supplements | Prudential Financial Prudential FlexGuard Review - Annuity Look for Prudential Investment Management Services, LLC. This indexed variable annuity, also called an Registered Indexed Linked annuity, RILA, Buffer annuity, will likely be presented on three ideas: The Prudential FlexGuard Annuity is for investors that want to participate in stock market like return with a loss provision or buffer selected of 10% or 20% a year. only and may not be approved in all states. Levels of downside protection are available on index-crediting strategies only. 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. 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. What Will We Cover in this Annuity Review? 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. Each subsidiary is responsible for its own financial condition and contractual obligations. Prudential Financial, its affiliates, and their financial professionals do not render tax or legal advice. FlexGuard indexed variable annuity | Prudential Financial /*.RIANavBar ul, .RIANavBar li{ These advisors currently offer only insurance products issued by PICA and its affiliates (Prudential companies). Not For Use with the Public. An allocation to the index options is not a purchase of shares of any stock or index fund or a direct . 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. 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. Index Advantage Rates | Allianz Life In addition to one-year index term options, PruSecure offers three- and ve-year index term options, which may offer more upside potential. Pruco Life Insurance Company, an Arizona company - California COA # 3637. 0000015975 00000 n Variable investment options are available but do not offer protection levels. It is generally more profitable to Prudential if you purchase insurance products that are issued by a Prudential company than a non-Prudential company. 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. 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. 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. The client'smoney is not actually invested in any index, but may earn interest credits based on the indexs performance. Prudential FlexGuard reaches $10B total sales milestone at record pace Variable investment options are offered with this product; however, are not included for illustration purposes and do not offer downside protection. The client will choose on the application if they wish to (1) allocate to the Index Strategies immediately, (2) defer their allocation for 45 days from the application signed date to accommodate multiple transfers and exchanges or (3) elect to defer their allocation to a specified date. Prudential Financial, Inc. announced that its FlexGuard product has reached a $10 billion total sales milestone since its launch in 2020, making it the fastest-growing indexed variable annuity in . border-bottom: 10px solid #002247; 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. Please consult with your tax and legal advisors regarding your personal circumstances. which may help limit loss in down markets, partially shielding your account in the case ofa negative index return. Fixed indexed annuitiesare not FDIC-insured and have limitations and surrender charges. 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. 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. 563 0 obj <>stream The information is not intended as investment advice and is not a recommendation about managing or investing your retirement savings. 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. 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. 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. Group Insurance coverages are issued by The Prudential Insurance Company of America, a Prudential Financial company, Newark, NJ. 0000009917 00000 n 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 * They decide the percentage of their money to allocate to each and the term of each index-based strategy. Fortitude Re has retained PICA as an unaffiliated Third-Party Administrator. Gains or losses are assessed at the end of each index. /*background-color: #07639d;*/ You will not receive a written financial plan or investment recommendations as part of the no cost consultation. Allianz Life Insurance Company was #1 in U.S. ** The websites referenced above are not endorsed or supported by any of the Prudential Financial companies. If the Index Return is negative, but less than or equal to the Buffer, the Index Credit is zero. The Segment Rate of Return for a Choice Segment will always be less than (a) the Performance Cap Rate and (b) the index performance rate, if positive, for that Segment. A Stable Value Fund First Quarter 2022 Fund Fact Sheet - Page 3 qualified professional. The selections you choose together with your clients are all dependent on their investment goals and their risk tolerance. Prudential Financial, its affiliates, and their financial professionals do not render tax or legal advice. You should consider the investment objectives, risks, and charges and expenses carefully before investing in the contract and/or underlying portfolios. * The 5-year index term can only be elected at contract issue and cannot be renewed. 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. See current PruSecure rate sheet Call 833-813-2444 to register or Sign in PruSecure offers clients: Guaranteed Protection Their original premium payment and all growth are fully protected against market loss Growth Opportunity Their money can grow based on the performance of a market index or crediting strategy of their choice 0000001346 00000 n In 2017 Department of Labors fiduciary rule being struck down in federal court of Appeals has been especially helpful in the sales of indexed annuities. June 4, 2022; By ; sterile processing technician jobs; prudential flexguard rate sheet . MEDIA CONTACTS 2023 Prudential Financial, Inc. and its related entities. Change of Ownership terminates the Return of Purchase Payments death benefit. 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. Suggestions may appear below after you type 3 letters. The Prudential FlexGuard indexed variable annuity to which this disclosure applies (the "Product") has been developed solely by . FlexGuard - NY's Index Strategies do not represent a direct investment in an index. If they make a full withdrawal of the annuity, they will receive the greater of the account value (minus any surrender charges and adjusted by any applicable MVA) and the Minimum Guaranteed Surrender Value. For additional important information about the products, services and companies that make them available, please click here Opens in a new window.*. Prudential Financial launches FlexGuard Life, a next-generation life Unpaid loans and withdrawals reduce cash values and death benefits; and may have tax consequences. All names, marks, and materials used for this review are the property of their respective owners. However, if your clients withdraw any of their money during the first contract year or more than 10% of their money in any subsequent year during the surrender charge period, there may be a surrender charge. Suggestions may appear below after you type 3 letters. Unfortunately, that didnt rule holding agent up to a higher standard, as a fiduciary, did not pass. 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. Our new website has recently launched with features that may not be fully supported by your current browser. 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. *The 5-year index term can only be elected at contract issue and cannot be renewed. Prudential introduces FlexGuardcompany's first indexed - Nasdaq Fixed Indexed Annuity | Prudential Financial . A floor offers 100% downside protection in the event of a market loss. Neither Prudential Financial, Inc. nor Assurance IQ issues, underwrites, or administers health plans or health insurance policies. See current PruSecure Select rate sheetPDF opens in a new window, Index-Based Strategy with Point-to-Point Crediting with Cap Rate. Inspired by the groundbreaking success of Prudentials signature FlexGuard Indexed Variable Annuity products, which have reached over $10 billion in total sales, FlexGuard Life is a next-generation solution designed to help meet todays evolving consumer needs. Featured News Stories. Please consult with your tax and legal advisors regarding your personal circumstances. font-weight: bold; A positive or negative MVA may also apply. 0000013916 00000 n Clients seeking information regarding their particular investment needs should contact a financial professional. 0000008048 00000 n Choose one or a combination of them. 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. This link has sublinks - To access press Enter. FlexGuard - NY is issued byPruco Life Insurance Company. 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. 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. 0000014746 00000 n Dividend Yield % explanation, calculation, historical data and more Rates, buffers, and floors can also be different for each index option. . The commission-based version launches today, with a fee-based version of FlexGuard . Prudential will not warn clientsif theyexercise a Performance Lock at a sub-optimal time. 1-Year Term 3-Year Term 1-Year Term (Step Rate) 1-Year Term (Fixed Account) Get started today. Prudential launches FlexGuard Income indexed variable annuity - a new For example, if a RILA or buffer annuity has selected the optional 20% S&P 500 index protection against a market loss over one year period, an investors account would lose only 8% of its value if the market dropped by 28% in that given year because of the buffer annuity protects the first 20% loss from the market. 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. 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. height: 100%; Prudentials iconic Rock symbol has stood for strength, stability, expertise, and innovation for more than a century. Prudential FlexGuard indexed variable annuity, Securities products and services are offered through: Pruco Securities, LLC and Prudential Investment Management Services, LLC, both members, prudential.com/landing/indexed-variable-universal-life-insurance, Prudential FlexGuard reaches $10B total sales milestone at record pace, Prudential launches FlexGuard Income indexed variable annuity a new investment and income strategy with enhanced flexibility and control, Prudential Financial Launches Prudential Community Grants Program to Provide Micro-Grants to Local Individuals and Non-profit Organizations, Prudential, Vitality Global expand partnership in Latin America, Prudential Financial names its next Emerging Visionaries, Check the background of this firm on FINRA's BrokerCheck, Indexed variable universal life solution offers both protection and growth, Builds upon success of FlexGuard variable annuity products. Marketing and training materials contained on these websites need to be approved by the Prudential Retirement Strategies Marketing Compliance Unit prior to use. It does not reect a specific annuity or an actual account value. The experience has also seen over 400 users click through to the FlexGuard Modeling Tool. Prudential Financial Fact Sheet. } Copyright 2019-2023 Annuity Look 1-800-325-1833, Annuity Company Issuer Review: Prudential Financial. B-Share 6 years: 7%, 7%, 6%, 5%, 4%, 3%; based on the effective date of each Purchase Payment and the percentage of the amount withdrawn from the Purchase Payment, above the free withdrawal amount. FlexGuard - NY also offers variable investment options which can be mixed and matched in any percentage. 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 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. Step Rate Plus Index Strategy Index underperforms the Step Rate: Clients seeking information regarding their particular investment needs should contact a financial professional. Neither Prudential Financial, Inc. nor Assurance IQ offers, underwrites, or administers health plans or health insurance policies. In providing this information, neither Prudential nor any of its affiliates or financial professionals is acting as your ERISA fiduciary. In providing this information, neither Prudential nor any of its affiliates or financial professionals is acting as your ERISA fiduciary. 0000030460 00000 n Each issuing insurance company is solely responsible for its own financial condition and contractual obligations. 0000005769 00000 n Top-Selling Annuity Contracts, First Qtr 2021 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. A copy of the prospectuses may be obtained from prudential.com or your financial professional. Prudential Financial Launches FlexGuard Life, a Next-Generation - Yahoo 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. Use our income modeling tool Current Index Strategy Rates and Caps Current Income Percentages and Deferral Rates CT disclosure Prudential FlexGuard Indexed Variable Annuity - Bogleheads.org .id-Z7_G802HJS0M0B280QQVMVG6OP8R2 .ibmPortalControl .module { 0000001537 00000 n 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. 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. Variable Annuities and Variable Life Insurance are distributed by Prudential Annuities Distributors, Inc. (PAD), Shelton, CT (main office). PDF Prudential Annuities Prudential FlexGuard indexed variable annuitiy 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. 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. These advisors currently offer only insurance products issued by PICA and its affiliates (Prudential companies). 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. 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. }*/ 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. FlexGuard Income is a retirement product that you and your financial professional can customize based on your unique needs. 0000036749 00000 n Prudential Financial, its affiliates, and their financial professionals do not render tax or legal advice. Prudential FlexGuard is an indexed variable annuity designed for clients looking for a level of protection and innovative growth opportunities for their retirement savings. 0000001712 00000 n 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. It's up to you to determine if a fixed indexed annuity is suitable for your clients. Variable Annuities and Variable Life Insurance are distributed by Prudential Annuities Distributors, Inc. (PAD), Shelton, CT (main office). 0000011036 00000 n Annuity Issuers' 2022 Q4 Earnings: What They're saying | ThinkAdvisor Prudential launches FlexGuard Income indexed variable annuity - a new Prudential Launches FlexGuard Income Indexed Variable Annuity Minimum Renewal Cap Rate, Participation Rate & Fixed Rate. For additional important information about the products, services and companies that make them available, please click here Opens in a new window.*. 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. Please reference the prospectus for information about the levels of protection available and other important product information. The Performance Value will not fluctuate for the remainder of the existing index strategy term unless there is a withdrawal or reallocation. FlexGuard Challenge, Prudential - Alex Odell Compliance NumberTemplate: 1000797-00012-00, At least characters must be typed in the search field in order to perform the search. display: block; When the client purchases FlexGuard - NY you will help them make choices, custom-building their annuity to meet their individual needs and goals. The buffer is the amount the Account Value is protected in the case of a negative index return. NEWARK, N.J. -- (BUSINESS WIRE)-- Prudential Financial, Inc. ( NYSE: PRU ), launched FlexGuard today, the company's first indexed variable annuity product, designed . Not for Consumer Use. Fortitude Re is the marketing name for FGH Parent, L.P. and its subsidiaries, including FLIAC. Index Advantage Income provides multiple index options, which are the combination of a crediting method, also called an index strategy, the index, the time period for measuring Index Performance (term), and a 10% or 20% buffer or a -10% floor. 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. 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.