0000001036 00000 n 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. Investment advisory products and services are made available through Pruco, a registered investment adviser. Prudential and its affiliates are not liable for use of the Stages platform. These advisors currently offer only insurance products issued by PICA and its affiliates (Prudential companies). Index lossesthat exceed the buffer will result in a loss of Account Value. 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. 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. bottom: -20px Please consult with your tax and legal advisors regarding your personal circumstances. 0000024573 00000 n Neither Prudential Financial, Inc. nor Assurance IQ issues, underwrites, or administers health plans or health insurance policies. <]/Prev 624911/XRefStm 1346>> 0000046767 00000 n Sales of fixed annuities increased to . Contact your wholesaler today and have our team of experts and resources work for you. Prudential Financial, Inc. Or download ourclient-approved brochure PDF opens in new window, product prospectus opens in new window and rate sheet PDF Opens in New Window to share with clients and help educate them about FlexGuard - NY. Prudentials A.M.Best rating is a A+ along with comdex score of 95. bottom: -18px 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. Investing in a variable annuity may be the answer for part of your overall retirement strategy. Each company (PICA, PLAZ, PLNJ, FLIAC, PAD) is solely responsible for its own financial condition and contractual obligations. /* .RIANavActive a:before { startxref xref Change of Ownership terminates the Return of Purchase Payments death benefit. August 04, 2022 Prudential FlexGuard reaches $10B total sales milestone at record pace Rates are subject to change at any time. FlexGuard Life performs exactly in that way, prioritizing protection, growth and access.. Prudential Financial, its affiliates, and their financial professionals do not render tax or legal advice. CURRENT RATES This rate sheet provides the Cap Rate, Step Rates, Participation Rates (Par Rates) and Tier Levels currently offered on the Prudential FlexGuard indexed variable annuity. Today, Prudential is one of the most recognized and one of the world's largest financial services institutions.. 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. See current FlexGuard - NY rates NY disclosure Benefits Features Tools display: block; Step Rate Plus Index Strategy Underperform: FlexGuard, Prudential Financial's first indexed variable annuity product, achieved $1 billion in sales less than six months after launch, making it the fastest-selling product of its kind ever . The Contingent Deferred Sales Charge applies to each Purchase Payment and will be applied to amounts that exceed the Free Withdrawal Amount, Client(s) may withdraw up to 10% of all Purchase Payments still within CDSC without incurring a surrender charge. Investment advisory products and services are made available through Pruco, a registered investment adviser. FlexGuard - NY offers an innovative index crediting strategy unique to Prudential, with access to variable investment options. Suggestions may appear below after you type 3 letters. Statement of Financial Condition for Prudential Investment Management Services, LLC. 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. 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 surrender charge, or Contingent Deferred Sales Charge (CDSC), may apply in the event of an early withdrawal from the annuity. The more loss protection or buffer you select, the less upside gain from the index you will receive. Interest credited with the participation rate would be 30% of the 20% increase, which equals 6%. Money in the xed rate strategy is guaranteed to grow at a predetermined interest rate for a period of one year. This and other important information are contained in the initial summary prospectus and the index strategies prospectus for the contract and the summary prospectus or prospectus for the underlying portfolios (collectively, the "prospectuses") which can be obtainedon the prospectus page or by contacting the National Sales Desk. NEWARK, N.J. -- (BUSINESS WIRE)-- Prudential Financial, Inc. ( NYSE: PRU ), launched FlexGuard today, the company's first indexed variable annuity product, designed . Clients seeking information regarding their particular investment needs should contact a financial professional. 0000019833 00000 n 0000008198 00000 n Any growth is based on the index return. Bloomberg Commodity Index reflects changes in a broad range of commodity futures prices, from crude oil and coffee to gold and cattle. For additional important information about the products, services and companies that make them available, please click here Opens in a new window.*. Partner with us, and well invest in you. Growth opportunities are provided by index strategies and variable investment options. You should read the prospectuses carefully before investing. 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. Receive alerts on new stories, articles, and more by subscribing to one or more RSS Feeds. If the Index Return is positive, but less than the Cap Rate, the Index Credit is equal to theIndex Return. 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. For Financial Professional Use Only. FlexGuard Income is initially available through Prudential Advisors financial professionals and will expand to additional, third-party broker dealers in fall 2021. This product will issue daily. 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. After a Performance Lock has occurred funds remain allocated to the index strategy, but the client no longer participates in the index performance, both positive or negative, for the remainder of the existing index strategy term. It is a calculated value and is used when a withdrawal, death benefit payment, transfer, annuitization, or surrender occurs mid-term. Step Rate Plus Index Strategy Index underperforms the Step Rate: Annuities are one of the few strategies that can accomplish both secured growth and guaranteed income. Neither Prudential Financial, Inc. nor Assurance IQ offers, underwrites, or administers health plans or health insurance policies. 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. 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. One such solution is Prudential's FlexGuard indexed variable annuity. With the help of the buffer, your risk of loss could be lessened. 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. } }*/, Select a level of protection that mayhelp limit losses, Participate in the growth potential of the market, Enhance growth potential in up markets with oneunique crediting strategy, Plus, there are NO EXPLICIT PRODUCT FEES when allocating toFlexGuard - NYs index strategies.*. 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. 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. Any allocations to the Index Strategies must occur on an Index Anniversary. The Performance Value will not fluctuate for the remainder of the existing index strategy term unless there is a withdrawal or reallocation. "Prudential Advisors" is a brand name of The Prudential Insurance Company of America and its subsidiaries. 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. A positive or negative MVA may also apply. CDs are FDIC-insured up to $250,000 per fi nancial institution, and there may be a penalty for early withdrawal. Please use one of the browsers below or contact your IT department regarding approved options. 0000015975 00000 n Please consult with your tax and legal advisors regarding your personal circumstances. Compliance NumberTemplate: 1000797-00012-00. Clients seeking information regarding their particular investment needs should contact a financial professional. .RIANavBar li { The Cap Rate is the maximum rate that may be credited to this strategy. The solution is customizable and can be adjusted based on changing needs, giving consumers the opportunity to take control over their future. +1 973-802-8969 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. If youre considering this annuity and have additional questions, feel free contact us via oursecure contact form. Prudential LINK and LINK by Prudential occasionally may be referred to as LINK. "Prudential Advisors" is a brand name of The Prudential Insurance Company of America and its subsidiaries. to grow your money in up markets by choosing from FlexGuards three index strategies. FlexGuard - NY's Index Strategies do not represent a direct investment in an index. 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. Prudential and its affiliates are not liable for use of the Stages platform. 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 . Please use one of the browsers below or contact your IT department regarding approved options. 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 allocation to the index options is not a purchase of shares of any stock or index fund or a direct . If the Index Return is positive and equal to or greater than the Cap Rate, then the Index Credit is equal tothe Cap Rate. 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. June 4, 2022; By ; sterile processing technician jobs; prudential flexguard rate sheet . content: ""; based on your individual retirement needs and change themes those needs evolve. It offers you lifetime income with levels of protection and growth potentialbefore and after you start income. The commission-based version launches today, with a fee-based version of FlexGuard . These two index crediting strategies determine how their money may grow. If youd like to see Fortitude Re product information, please click here opens in new window. 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. Slide 7 establishes how rethinking your approach to asset allocation may be smart. 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. 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. PCS is not a licensed insurance agency or broker. Fortitude Re is the marketing name for FGH Parent, L.P. and its subsidiaries, including FLIAC. Unfortunately, that didnt rule holding agent up to a higher standard, as a fiduciary, did not pass. 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. Minimum Renewal Cap Rate, Participation Rate & Fixed Rate. But why should they have to sacrifice one for the other? They decide the percentage of their money to allocate to each and the term of each index-based strategy. Some of the products and services discussed on the Stages site are in development and may not be currently available. Bloomberg is not affiliated with Pruco Life Insurance Company nor approves, endorses, reviews or recommends PruSecure. Prudential charges 1.1% annually plus 0.8% for its Defined Income Benefit (but reserves the right to increase this fee to 1.5%). Pruco Life Prudential FlexGuard Indexed VA. Prudential came to the structured annuity market in early 2020, 10 years after the birth of this category. 0000001712 00000 n The information is not intended as investment advice and is not a recommendation about managing or investing your retirement savings. 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. " As I mentioned, the Flexguard annuity has ZERO fees if invested in the segments and offers up to 20% downside protection. Performance Locks are as of close of business on the day the automatic target was met or the manual lock in is requested. FlexGuard - NY is issued byPruco Life Insurance Company. 0000005769 00000 n Variable investment options are offered with this product; however, are not included for illustration purposes and do not offer downside protection. 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 * }*/ This link has sublinks - To access press Enter. 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. 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. 0000000016 00000 n Certain indicesassociated with Index Strategies may be subject to an underlying fee or reduction. Choose one or a combination of them. 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. 0000010202 00000 n 0000018563 00000 n Investment advisory products and services are made available through Pruco, a registered investment adviser. 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. 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. 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. The information is not intended as investment advice and is not a recommendation about managing or investing your retirement savings. If the Index Return is negative, but less than or equal to the Buffer, the Index Credit is zero. 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. The initial summary prospectus for the contract, the prospectus for the index strategies, and the prospectus or summary prospectus for the underlying portfolios (collectively, the prospectuses) contain this information as well as other important information. With an FIA, your clients money is not actually invested in any index, but rather may earn interest based on the indexs performance. Please reference the prospectus for information about the levels of protection available and other important product information. It can be customized based on a clients retirement goals and adjusted as their needs change. These rates are set by Prudential Annuities and effective as of the date indicated above. PruSecure offers two different ways for your clients to potentially grow their money: an index-based strategy and a xed rate strategy. FlexGuard - NY also offers variable investment options which can be mixed and matched in any percentage. Targets are not available for strategies with a 100% buffer option or the Step Rate Plus Crediting Strategy. You will not receive a written financial plan or investment recommendations as part of the no cost consultation. 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. Please consult with your tax and legal advisors regarding your personal circumstances. References to FLIAC shall be deemed to be references to PALAC in the jurisdictions where the name change is not yet effective. Variable Annuities and Variable Life Insurance are distributed by Prudential Annuities Distributors, Inc. (PAD), Shelton, CT (main office). Kristen Olsen Suggestions may appear below after you type 3 letters. 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. 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. FlexGuard Income is a retirement product that you and your financial professional can customize based on your unique needs. Not available in New York. Unlike standard death benefits that provide only the greater of premiums paid or current account value, if your client passes away during their index term, their beneficiaries will also receive a portion of any index growth up to that point. In part by charging 0.95% per year on and limiting the income payout rate at age 65 to 4% of the PIV for single owners and 3.5% for joint owners. 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 websites referenced above are not endorsed or supported by any of the Prudential Financial companies. left: 50%; Lets get to it. In providing this information, neither Prudential nor any of its affiliates or financial professionals is acting as your ERISA fiduciary. Actual cap rates and participation ratesmay be higher or lower. If the Index Return is greater than or equal tothe declared Tier Level, the Index Credit is the sum of the Tier Level Index Return multiplied by theParticipation Rate for the 1st tier and the remaining Index Return multiplied by the Participation Rate forthe 2nd tier. There are limitations and restrictions when making withdrawals. It is possible that clientswould have realized less of a loss or no loss if the Performance Lock occurred at a later time, or if the Index Strategy was not locked.Clientswill not receive Index Credit on any locked Index Strategy on the Index Strategy End Date. 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.
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