FLIAC is in the process of changing its name from Prudential Annuities Life Assurance Corporation (PALAC) in certain jurisdictions. 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. 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. FlexGuard - NY offers them the opportunity to choose their buffer level as well as their term length. Our new website has recently launched with features that may not be fully supported by your current browser. 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. The Prudential Insurance Company of America - California COA # 1179. If the index increased by 3%, an amount that is less than the cap rate of 4%, the credited interest would be 3%. The contract number is IVUL-2022 and may be followed by a state code. Unique to Prudential, FlexGuard's 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. 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 . 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. For more information about FlexGuard Life, visit: prudential.com/landing/indexed-variable-universal-life-insurance. Year 1: No free withdrawals allowed in the first contract year, unless taken as a Required Minimum Distribution (RMD) that Prudential calculates. 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. FlexGuard Life performs exactly in that way, prioritizing protection, growth and access.. You will not receive a written financial plan or investment recommendations as part of the no cost consultation. Today, Prudential is one of the most recognized and one of the world's largest financial services institutions.. transform: translate(-50%, -50%) Group Insurance coverages are issued by The Prudential Insurance Company of America, a Prudential Financial company, Newark, NJ. padding: 0; 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. 1-Year Term 3-Year Term 1-Year Term (Step Rate) 1-Year Term (Fixed Account) Get started today. 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 have worked hard for their money and want to protect and grow it for the future. All guarantees, including any optional benefits, are subject to the claims-paying ability and financial strength of the issuing insurance company. In this annuity review we will be going over annuity details regarding the Prudential Flex Guard Structed Variable annuity. 0000009387 00000 n Please consult with your tax and legal advisors regarding your personal circumstances. It offers a level of protection for your clients money against loss with the opportunity for it to grow based on the performance of a specific market index, or combination of indices. to grow your money in up markets by choosing from FlexGuards three index strategies. 0 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. 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. Because this a tax qualified annuity gains are tax deferred until income/money is taken out of the annuity. If you would like information about your particular investment needs, please contact a financial professional. 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. MSCI EAFE (Europe, Australasia, Far East) is a widely accepted benchmark for international stock performance. bottom: -18px .RIANavBar li { Bloomberg is not affiliated with Pruco Life Insurance Company nor approves, endorses, reviews or recommends PruSecure. Certified Financial Planner will be happy to answer any question, Protect Select a level of protection that will limit losses, Grow- Participate in the limit upside of market indexes. Prudential 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. Dividend Yield % explanation, calculation, historical data and more 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. Topics Protection Income A fixed indexed annuity (FIA) is a tax-deferred financial tool designed for the long term. 0000046879 00000 n Annuities are issued by Pruco Life Insurance Company of New Jersey located in Newark, NJ (main office). Prudential, also known as "The Rock," has been in business for nearly 140 years. content: ""; Other proprietary Fortitude Re marks may be designated as such through the use of the SM or symbols. .RIANavActive a:after { Announces 2022 Results. Variable Annuities and Variable Life Insurance are distributed by Prudential Annuities Distributors, Inc. (PAD), Shelton, CT (main office). 0000017237 00000 n The client'smoney is not actually invested in any index, but may earn interest credits based on the indexs performance. Available through Registered Investment Advisors; offers similar features and options as the PruSecure Fixed Indexed Annuity. Copywriter: Susanne Bassmann The content on this page is for Financial Professional use only. Prudential FlexGuard Life is issued by Pruco Life Insurance Company and offered through Pruco Securities, LLC (member SIPC). "Prudential Advisors" is a brand name of The Prudential Insurance Company of America and its subsidiaries. Prudential, the Prudential logo, the Rock Symbol and Bring Your Challenges are service marks of Prudential Financial, Inc. and its related entities, registered in many jurisdictions worldwide. Prudential FlexGuard Income indexed variable annuity: current rates Effective Date: 12/15/2022 This new business rate sheet provides the Cap Rates, Step Rates, Participation Rates and Tier Levels as set by Prudential effective as of the date above. Comprehensive financial planning offered through the Stages channel is more limited in scope than comprehensive financial planning offered through the Prudential Advisors distribution channel. Call an annuity specialist at 888-311-4889 (option 2) to learn more. Please refer to the current rate sheet. 0000008735 00000 n Prudential will not provide advice or notify clients regarding whether theyshould exercise a Performance Lock or the optimal time for doing so. There is risk of loss of principal if negative index returns exceed the selected protection level. margin: 0; margin: auto; %PDF-1.7 % Group Insurance coverages are issued by The Prudential Insurance Company of America, a Prudential Financial company, Newark, NJ. Prudential Financial, its affiliates, and their financial professionals do not render tax or legal advice. } PCS is not a licensed insurance agency or broker. Levels of downside protection are available on index-crediting strategies only. Fortitude Re is the marketing name for FGH Parent, L.P. and its subsidiaries, including FLIAC. 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. 0000030064 00000 n 0000005769 00000 n Neither Prudential Financial, Inc. nor Assurance IQ issues, underwrites, or administers health plans or health insurance policies. You will not receive a written financial plan or investment recommendations as part of the no cost consultation. Clients seeking information regarding their particular investment needs should contact a financial professional. Prudential Financial was founded by soon to be US senator John Dryden in 1875 with its one product of burial insurance. Renewal rates may be different than those listed below. Variable investment options are offered with this product; however, are not included for illustration purposes and do not offer downside protection. 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 This link has sublinks - To access press Enter. Prudentials diverse and talented employees help make lives better by creating financial opportunity for more people by expanding access to investing, insurance, and retirement security. This area is reserved for members of the news media. 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. 0000008198 00000 n Created Exclusively for Use by Financial Professionals. The commission-based version launches today, with a fee-based version of FlexGuard . You will not receive a written financial plan or investment recommendations as part of the no cost consultation. height: 100%; It is not possible to invest directly in an index. Neither Bloomberg nor UBS guarantees the timeliness, accurateness, or completeness of any data or information relating to Bloomberg Commodity IndexSM. Partner with us, and well invest in you. 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. 0000013916 00000 n If youre considering this annuity and have additional questions, feel free contact us via oursecure contact form. Investment advisory products and services are made available through Pruco, a registered investment adviser. Sales of the FlexGuard Suite annuities, which are the variable annuities that Prudential most wants to sell, decreased to $1.1 billion, from $1.4 billion. font-weight: bold; In a rising interest rate environment, increases in caps if any, may be substantially slower than increases in interest rates. ABOUT PRUDENTIAL INDIVIDUAL LIFE INSURANCE 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. In providing this information, neither Prudential nor any of its affiliates or financial professionals is acting as your ERISA fiduciary. Some of the products and services discussed on the Stages site are in development and may not be currently available. 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, Free Withdrawals in each contract year are not cumulative, Contingent Deferred Sales Charges will not apply to Required Minimum Distributions that Prudential calculates, Total Annualized Insurance Fees and Charges for Net Purchase Payments less than 1 Million: 1.30%, Total Annualized Insurance Fees and Charges for Net Purchase Payments of at least $1 Million: 1.20%, Subsequent Cap and Participation Rates may be higher or lower than the initial Rates, but will never be less than the Guaranteed Minimum Rates. NEWARK, N.J. -- (BUSINESS WIRE)-- Prudential Financial, Inc. ( NYSE: PRU ), launched FlexGuard today, the company's first indexed variable annuity product, designed . Prudential LINK and LINK by Prudential occasionally may be referred to as LINK. FlexGuard - NY offers an innovative index crediting strategy unique to Prudential, with access to variable investment options. which may help limit loss in down markets, partially shielding your account in the case ofa negative index return. 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. position: absolute; kristen.olsen@prudential.com, Marisa Amador In providing this information, neither Prudential nor any of its affiliates or financial professionals is acting as your ERISA fiduciary. 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. 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. border-bottom: 10px solid #002247; Portfolio Allocation The pie chart illustrates how investment . 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. 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. One such solution is Prudential's FlexGuard indexed variable annuity. We have also seen a high click-through to the FlexGuard Rate Sheet. August 04, 2022 Prudential FlexGuard reaches $10B total sales milestone at record pace only and may not be approved in all states. 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. This link has sublinks - To access press Enter. 563 0 obj <>stream startxref 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. Flexguard Income is issued by Pruco Life Insurance Company CT disclosure MN disclosure 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. One of the advantages of PruSecure is that there are no annual contract or administrative fees. " As I mentioned, the Flexguard annuity has ZERO fees if invested in the segments and offers up to 20% downside protection. Please reference the prospectus for information about the levels of protection available and other important product information. Featured News Stories. /* .RIANavActive a:before { 0000001036 00000 n In cases where the duration of the index term is shorter than the length of the surrender charge period, your clients may need to renew or reallocate their strategy selections one or more times before the surrender charge period ends. only and may not be approved in all states. Prudential reserves the right to change rates at any time. ** The websites referenced above are not endorsed or supported by any of the Prudential Financial companies. Performance Locks are as of close of business on the day the automatic target was met or the manual lock in is requested. 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. 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. Index lossesthat exceed the buffer will result in a loss of Account Value. Prudential Financial, Inc. } -webkit-transform: translate(-50%, -50%);

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