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Comprehensive financial planning offered through the Stages channel is more limited in scope than comprehensive financial planning offered through the Prudential Advisors distribution channel. . 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. Available Buffers, which may vary by Index Strategy, are 10%, 15%, and 20%. %%EOF Use our income modeling tool Current Index Strategy Rates and Caps Current Income Percentages and Deferral Rates CT disclosure Buffers and floors cannot change for a contract after they are established. This website is for U.S. persons Opens in a new window only and may not be approved in all states. 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. 0000011036 00000 n 0000024473 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. Growth opportunities are provided by index strategies and variable investment options. 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. FlexGuard Income is a retirement product that you and your financial professional can customize based on your unique needs. 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. 2023 Prudential Financial, Inc. and its related entities. Assurance IQ, LLC a wholly-owned subsidiary of Prudential Financial, Inc. matches buyers with products such as life and health insurance and auto insurance, enabling them to make purchases online or through an agent. height: 100%; 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. A fixed indexed annuity (FIA) is a tax-deferred financial tool designed for the long term. The Interim Value does not apply to an Index Strategy on the Index Strategy Start Date and the Index Strategy End Date. Please consult with your tax and legal advisors regarding your personal circumstances. Featured News Stories. 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. Prudential will not warn clientsif theyexercise a Performance Lock at a sub-optimal 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.. 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).. Unpaid loans and withdrawals reduce cash values and death benefits; may reduce the duration of the guarantee against lapse, which may lapse the policy; and may have tax consequences. The Cap Rate is the maximum rate that may be credited to this strategy. Investing in a variable annuity may be the answer for part of your overall retirement strategy. +1 973-802-8969 Please consult with your tax and legal advisors regarding your personal circumstances. 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. Prudential FlexGuard IVUL is the second (after Equitable MSO, which has been in market largely unchanged since 2010) of what will inevitably become a new category in the life insurance market, Variable UL products with subaccounts that offer structured payoffs - in this case, buffered strategies. It is generally more profitable to Prudential if you purchase insurance products that are issued by a Prudential company than a non-Prudential company. Suggestions may appear below after you type 3 letters. Each issuing insurance company is solely responsible for its own financial condition and contractual obligations. You will not receive a written financial plan or investment recommendations as part of the no cost consultation. 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. Low-risk investments today offer little growth opportunity, while investing in the stock market can be risky. Step Rate Plus Index Strategy Index underperforms the Step Rate: Fortitude Re and the Fortitude Re logo are service marks of Fortitude Group Holdings, LLC and its affiliates. Prudential Defined Income Variable Annuity Product Specifics: Minimum age for initial purchase: 45 Maximum age for initial purchase: 85 Minimum initial purchase payment: $25,000 Prudential stated fee: 1.9% True all in fee: 2.73-3.43% Website: www.annuities.prudential.com/investor Prudential Defined Income Variable Annuity Fees: Are you a licensed financial professional? Automatic Performance Lock targets must reflect positive growth in the Performance Lock Value. .RIANavBar li { 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. Some of the products and services discussed on the Stages site are in development and may not be currently available. The information is not intended as investment advice and is not a recommendation about managing or investing your retirement savings. FlexGuard - NY and all its features may not be approved in allbroker-dealers. 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. Otherwise, the Index Credit is equal to the negative Index Return in excess of the Buffer. Comprehensive financial planning offered through the Stages channel is more limited in scope than comprehensive financial planning offered through the Prudential Advisors distribution channel. 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 . Other proprietary Fortitude Re marks may be designated as such through the use of the SM or symbols. At the time your clients purchase a contract, they select a 5- or 7-year surrender charge period, which is the amount of time they must wait until they can withdraw funds from the annuity without facing a surrender charge and market value adjustment. 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. If the Index Return is negative, but less than or equal to the Buffer, the Index Credit is zero. 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. Any growth is based on the index return. 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. Bloomberg Commodity Index reflects changes in a broad range of commodity futures prices, from crude oil and coffee to gold and cattle. With the help of the buffer, your risk of loss could be lessened. .RIANavActive a:before { Life insurance policies contain exclusions, limitations, reductions of benefits, and terms for keeping them in force. @media (max-width: 991px) { bottom: -20px Prudential FlexGuard Life and all product features are not approved for use in all states or through all broker-dealers. display: block; 0000005742 00000 n 0000018563 00000 n It is generally more profitable to Prudential if you purchase insurance products that are issued by a Prudential company than a non-Prudential company. 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. -webkit-transform: translate(-50%, -50%); The contract number is IVUL-2022 and may be followed by a state code. Each subsidiary is responsible for its own financial condition and contractual obligations. 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 The Initial Term (s) begin on the Issue Date. An allocation to the index options is not a purchase of shares of any stock or index fund or a direct . * FlexGuard index strategies help clients: FOR FINANCIAL PROFESSIONAL USE ONLY. Prudential FlexGuard income indexed variable annuity . FLIAC is in the process of changing its name from Prudential Annuities Life Assurance Corporation (PALAC) in certain jurisdictions. Neither Prudential Financial, Inc. nor Assurance IQ issues, underwrites, or administers health plans or health insurance policies. The Prudential FlexGuard indexed variable annuity to which this disclosure applies (the "Product") has been developed solely by . border-bottom: 10px solid #002247; Early withdrawals may result in a loss in addition to applicable surrender charges. A Stable Value Fund First Quarter 2022 Fund Fact Sheet - Page 3 qualified professional. You should read the prospectuses carefully before investing. 0000024403 00000 n Prudential Financial Fact Sheet. Neither Prudential Financial, Inc. nor Assurance IQ issues, underwrites, or administers health plans or health insurance policies. These two index crediting strategies determine how their money may grow. Prudential is not responsible for any losses related to decisions whether or not to exercise a Performance Lock. Choose one or a combination of them. By using this website, you agree that you have read and agree to our Terms and Conditions. For more information about FlexGuard Life, visit: prudential.com/landing/indexed-variable-universal-life-insurance. 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. New & Different Solutions. Prudential FlexGuard Life is issued by Pruco Life Insurance Company and offered through Pruco Securities, LLC (member SIPC). 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. If the index increased by 20% which is greater than the cap rate of 4% the interest credited would be 4%. 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. 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. Use up and down arrow keys to navigate. The commission-based version launches today, with a fee-based version of FlexGuard . 0000036749 00000 n FlexGuard offers you the ability to allocate amongst the following Variable Investment options, in addition to the Index Strategies. . How does the issuer pay for all this? It affords them access to cash values when needed, providing the unique opportunity to leave a legacy while also expanding access to living benefits. The buffer is the amount the Account Value is protected in the case of a negative index return. 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 . margin: auto; 0000030064 00000 n Prudential Financial Inc. (NYSE: PRU), today launched FlexGuard Income, a new indexed variable annuity that provides customers with investment strate 0000009414 00000 n Withdrawals or surrenders may be subject to contingent deferred sales charges. Net loss attributable to Prudential Financial, Inc. of $558 million or $1.53 per Common share versus net income of $1.208 billion or $3.13 per share for the year-ago quarter. Both are Prudential Financial companies located in Newark, NJ. 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. Compliance NumberTemplate: 1000797-00012-00. Mix and match indices, crediting strategies, and index term options to create a customized strategy that helps meet your clients needs. Prudential Financial names its next Emerging Visionaries For the second year, 25 exceptional young leaders are honored for their work addressing the challenges of a changing world. trailer Partner with us, and well invest in you. 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 information is not intended as investment advice and is not a recommendation about managing or investing a clients retirement savings. Prudential Financial, its affiliates, and their financial professionals do not render tax or legal advice. 528 36 0000001036 00000 n 0000046767 00000 n Withdrawals and distributions of taxable amounts are subject to ordinary income tax and, if made prior to age 59, may be subject to an additional 10% federal income tax penalty, sometimes referred to as an additional income tax. Each index strategy determines how your money can grow and calculates the interest you can earn differently. Salene Hitchcock-Gear President of Individual Life Insurance, Prudential (Photo: Business Wire). 5 years: 9%, 9%, 8%, 7%, 6% (California: 8.25%, 8%, 7.75%, 7%, 6%) 7 years: 9%, 9%, 8%, 7%, 6%, 5%, 4% (California: 8.25%, 8%, 7.75%, 7%, 6%, 5%, 4%) Rates will vary based on the surrender charge period chosen. Please use one of the browsers below or contact your IT department regarding approved options. Partner with us, and well invest in you. * "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. In a rising interest rate environment, increases in caps if any, may be substantially slower than increases in interest rates. 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. 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. which may help limit loss in down markets, partially shielding your account in the case ofa negative index return. Otherwise, theIndex Credit is equal to the negative Index Return in excess of the Buffer. When the time comes for your clients to use the benefits that are offered by an annuity, it is important to remember that all guarantees including the optional benefits are backed by the claims-paying ability of the issuing company. Group Insurance coverages are issued by The Prudential Insurance Company of America, a Prudential Financial company, Newark, NJ. There are limitations and restrictions when making withdrawals. The stock price is. Fortitude Re and the Fortitude Re logo are service marks of Fortitude Group Holdings, LLC and its affiliates. As of September 2021, the FlexGuard Challenge has received 3,274 unique visitors and 19,116 total page views and has resulted in over 9,350 unique leads. The 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. 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. Fortitude Re has retained PICA as an unaffiliated Third-Party Administrator. FlexGuard also enables you to diversify where you put your money by allocating. Annuities are issued by Pruco Life Insurance Company of New Jersey located in Newark, NJ (main office). The applicable Income Percentage and Income Deferral Rate is based on the attained age of the Protected Life (or younger of the Joint Protected Lives) on the Index Effective Date, according to the tables below: . 0000011656 00000 n 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. for the Prudential FlexGuard Income Index Linked Variable Income Benefit (the "Benefit") available with the Annuity. May 18, 2020 8:00AM EDT. 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. Tier Levels may be higher or lower than the initial Tier Level, but will never be higher than the Guaranteed Maximum Tier Level. 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. 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. 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. 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 complete information about the annuity, please refer to the PruSecure Important Information Disclosure Statement PDF opens in a new window. The cap rate is the maximum amount of interest that can be credited during a specific index term. 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. Not For Use with the Public. Allocations among variable investment options can happen at any time. font-weight: bold; 1 Bloomberg is not affiliated with Pruco Life Insurance Company nor approves, endorses, reviews or recommends PruSecure. In addition to one-year index term options, PruSecure offers three- and ve-year index term options, which may offer more upside potential. Refer to the prospectus for additional information. Transfers from the Index Strategy(ies) to the Variable Subaccounts are not allowed at any time. padding: 15px 0 15px 0; Marketing and training materials contained on these websites need to be approved by the Prudential Retirement Strategies Marketing Compliance Unit prior to use. References to FLIAC shall be deemed to be references to PALAC in the jurisdictions where the name change is not yet effective. Furthermore, the underlying mutual fund fee is 0.83%. 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. Fee-Only planners have access to Advisory or I- share fee advised structured annuities, They usually have zero surrender charges, instant liquidity, and higher index rates. These planners charge annual fees to manage the indexes around 1.00% per year of assets in the annuity. Still, a better option as these fee-only RILA annuities have higher upside cap rates than the commissionable traditional RILA/ buffer annuities. Check out BufferQuote.comfor available fee-only buffer annuities, FlexGuard is a customizable indexed variable annuity that allows you to make choices. Minimum Renewal Cap Rate, Participation Rate & Fixed Rate. Investment advisory products and services are made available through Pruco, a registered investment adviser. 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. In providing this information, neither Prudential nor any of its affiliates or financial professionals is acting as your ERISA fiduciary. 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. Investing in FlexGuard Lifes Index Strategies does not represent a direct investment in an index. Prudentials A.M.Best rating is a A+ along with comdex score of 95. It is possible to lose money by investing in securities. First of the month following the 95th birthday of the oldest Owner/Annuitant, Annuity Payments for a Fixed Period Life Income Joint Life Income Life with Period Certain Joint Life with Period Certain. 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. 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. 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. Our new website has recently launched with features that may not be fully supported by your current browser. Flexguard Income is issued by Pruco Life Insurance Company CT disclosure MN disclosure Withdrawals taken during the surrender charge period, excluding any Required Minimum Distributions (RMDs), will be subject to any applicable surrender charges and a Market Value Adjustment (MVA). Certain indicesassociated with Index Strategies may be subject to an underlying fee or reduction. June 4, 2022; By ; sterile processing technician jobs; prudential flexguard rate sheet . Actual cap rates and participation ratesmay be higher or lower. 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. 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. } Clients seeking information regarding their particular investment needs should contact a financial professional. 0000001537 00000 n Clients should read the prospectuses carefully before investing. It's up to you to determine if a fixed indexed annuity is suitable for your clients. 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 MSCI EAFE is designed to measure the performance of a selection of stocks in 21 developed markets outside of the U.S. and Canada. 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 *