What Will We Cover in this Annuity Review? At least characters must be typed in the search field in order to perform the search, PruSecure Fixed Indexed Annuity At-A-Glance. Prudential Financial Inc. (NYSE: PRU), today launched FlexGuard Income, a new indexed variable annuity that provides customers with investment strate Growth opportunities are provided by index strategies and variable investment options. Neither Bloomberg nor UBS guarantees the timeliness, accurateness, or completeness of any data or information relating to Bloomberg Commodity IndexSM. kristen.olsen@prudential.com, Marisa Amador For more information about the product, including the other index crediting strategies, please refer to the client brochures, fact cards, and product prospectuses. Investment advisory products and services of LINK by Prudential are made available through PCS, an SEC registered investment adviser. Contact your wholesaler today and have our team of experts and resources work for you. Caps, Precision Rates, and DPSCs for a 1-year term cannot be less than 1.50%. Any allocations to the Index Strategies must occur on an Index Anniversary. Deduction of the annual product fee of 1.25%, withdrawal charge, $50 contract maintenance charge (on contracts with less than $100,000 contract value), 0.70% Income Benefit rider fee, and, if . Available through certain broker/dealers and offers select index-based strategies and terms. The buffer is the amount the Account Value is protected in the case of a negative index return. Flexguard Income is issued by Pruco Life Insurance Company CT disclosure MN disclosure Please use one of the browsers below or contact your IT department regarding approved options. 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. Other proprietary Fortitude Re marks may be designated as such through the use of the SM or symbols. Copyright 2019-2023 Annuity Look 1-800-325-1833, Annuity Company Issuer Review: Prudential Financial. content: ""; Fortitude Re and the Fortitude Re logo are service marks of Fortitude Group Holdings, LLC and its affiliates. position: absolute; left: 50%; Subject: Announcing Prudential FlexGuard indexed variable annuity Prudential FlexGuard indexed variable annuity available on or about May 18, 2020 Dear Valued Partner, . Please refer to the product prospectus for fund investment strategies and fee information. 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. It is possible to lose money by investing in securities. Clients have worked hard for their money and want to protect and grow it for the future. It is not possible to invest directly in an index. It can be customized based on a client's retirement goals and adjusted as their needs change. The information is not intended as investment advice and is not a recommendation about managing or investing your retirement savings. The contract, announced this week, has been issued as a B-share variable annuity (with a six-year surrender period with a 7% withdrawal penalty in the . xref Are you a licensed financial professional? PCS is not a licensed insurance agency or broker. 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. 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. 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. Today the Prudential fee amounts to 1.9% but a few years down the line you may be paying 2.6%! Minimum Renewal Cap Rate, Participation Rate & Fixed Rate. If a Performance Lock is executed when thePerformance Lock Value has declined, clientswill lock in any loss. If the Index Return is negative, but less than or equal to the Buffer, the Index Credit is zero. FlexGuard Life performs exactly in that way, prioritizing protection, growth and access.. Renewal rates may be different than those listed below. See current PruSecure Advisor rate sheetPDF opens in a new window, Surrender Charge Options Rates will vary based on the surrender charge option chosen, 5 years: 2%, 2%, 2%, 2%, 2% 7 years: 2%, 2%, 2%, 2%, 2%, 2%, 2%. 0000001346 00000 n 528 36 Prudential, also known as "The Rock," has been in business for nearly 140 years. Receiving benefits under the terms of an accelerated death benefit rider for chronic or terminal illness will reduce and may eliminate the death benefit. These advisors currently offer only insurance products issued by PICA and its affiliates (Prudential companies). transform: translate(-50%, -50%) The client'smoney is not actually invested in any index, but may earn interest credits based on the indexs performance. Bloomberg Commodity Index reflects changes in a broad range of commodity futures prices, from crude oil and coffee to gold and cattle. 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. Performance Locks are as of close of business on the day the automatic target was met or the manual lock in is requested. Suggestions may appear below after you type 3 letters. If you would like information about your particular investment needs, please contact a financial professional. FlexGuard also enables you to diversify where you put your money by allocating. . The Performance Lock Value is calculated daily and once locked,will not fluctuate for the remainder of the current Index Strategy Term, unless a withdrawal or a reallocation were to occur, and will be as of the Performance Lock Date. FlexGuard's index strategies allow customers to select strategies providing the potential to accelerate gains above and beyond the index return when certain targets are met. Our Certified Financial Planner professional (CFP) will answer your questions FREE within 24 hours. Compliance NumberTemplate: 1000797-00012-00. Lets get to it. Any growth is based on the index return. It is not possible to invest directly in an index. Each subsidiary is responsible for its own financial condition and contractual obligations. 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. In providing this information, neither Prudential nor any of its affiliates or financial professionals is acting as your ERISA fiduciary. FlexGuard - NY offers an innovative index crediting strategyunique to Prudential, with access to variable investment options. Please consult with your tax and legal advisors regarding your personal circumstances. %PDF-1.7 % This link has sublinks - To access press Enter. Buffers and floors cannot change for a contract after they are established. 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. 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. S&P 500 Index and Dow Jones US Real Estate Index: The "S&P 500 Index" and "Dow Jones U.S. Real Estate Index" are products of S&P Dow Jones Indices LLC, a division of S&P Global, or its affiliates ("SPDJI"), and have been licensed for use by Pruco Life Insurance Company. Fortitude Re and the Fortitude Re logo are service marks of Fortitude Group Holdings, LLC and its affiliates. Neither Prudential Financial, Inc. nor Assurance IQ issues, underwrites, or administers health plans or health insurance policies. 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. Caps for the 3-year term cannot be less than 5% and for a 6-year term cannot be less than 10%. NEWARK, N.J. - 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 the industry, according to data from the Secure Retirement Institute. 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. 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. It offers you lifetime income with levels of protection and growth potentialbefore and after you start income. Automatic Performance Lock targets must reflect positive growth in the Performance Lock Value. NEWARK, N.J., August 04, 2022--Prudential Financial, Inc. (NYSE: PRU) announced that its FlexGuard product has reached a $10 billion total sales milestone since its launch in 2020, making it the . display: block; ABOUT PRUDENTIAL INDIVIDUAL LIFE INSURANCE 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. In a rising interest rate environment, increases in caps if any, may be substantially slower than increases in interest rates. 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. 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. June 4, 2022; By ; sterile processing technician jobs; prudential flexguard rate sheet . } 0000046879 00000 n These two index crediting strategies determine how their money may grow. 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. If the Index Return is positive, but less than the Cap Rate, the Index Credit is equal to theIndex Return. One of the advantages of PruSecure is that there are no annual contract or administrative fees. Our new website has recently launched with features that may not be fully supported by your current browser. Perseus Mining (TSX:PRU) Dividend Yield % as of today (March 01, 2023) is 1.25%. Prudential FlexGuard is an indexed variable annuity designed for clients looking for a level of protection and innovative growth opportunities for their retirement savings. Some of the products and services discussed on the Stages site are in development and may not be currently available. Marketing and training materials contained on these websites need to be approved by the Prudential Retirement Strategies Marketing Compliance Unit prior to use. Contact your wholesaler today and have our team of experts and resources work for you. 0000030460 00000 n There is risk of loss of principal if negative index returns exceed the selected protection level. 1-Year Term 3-Year Term 1-Year Term (Step Rate) 1-Year Term (Fixed Account) Get started today. Group Insurance coverages are issued by The Prudential Insurance Company of America, a Prudential Financial company, Newark, NJ. In this annuity review we will be going over annuity details regarding the Prudential Flex Guard Structed Variable annuity. Launched in May 2020, it features index strategies with buffers that can help limit market losses while providing investors the opportunity for asset growth. 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. 2023 Prudential Financial, Inc. and its related entities. Prudential and its affiliates are not liable for use of the Stages platform. The solution is customizable and can be adjusted based on changing needs, giving consumers the opportunity to take control over their future. The oldest international stock index, it is the most common benchmark in the U.S. for foreign stock funds. +1 973-802-8969 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. Clients' money is not actually invested in any index, but may earn interest based on the indexs performance: In this example, the cap rate is 4%, and the participation rate is 30%. Neither Prudential Financial, Inc. nor Assurance IQ offers, underwrites, or administers health plans or health insurance policies. Refer to the prospectus for additional information. Created Exclusively for Use by Financial Professionals. Kristen Olsen One of the most valuable aspects of FlexGuard is its potential to cushion your account against loss. With FlexGuards index strategies, you can select a level of protection, called a buffer. This website is for U.S. persons Opens in a new window only and may not be approved in all states. It is generally more profitable to Prudential if you purchase insurance products that are issued by a Prudential company than a non-Prudential company. 0000017237 00000 n 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. Allocations among variable investment options can happen at any time. /*background-color: #07639d;*/ padding: 15px 0 15px 0; "Prudential Advisors" is a brand name of The Prudential Insurance Company of America and its subsidiaries. Please refer to the current rate sheet and prospectus for more information. 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. 0000009414 00000 n We have also seen a high click-through to the FlexGuard Rate Sheet.