Available through Registered Investment Advisors; offers similar features and options as the PruSecure Fixed Indexed Annuity. 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. June 4, 2022; By ; sterile processing technician jobs; prudential flexguard rate sheet . .RIANavActive a:after, 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. Investing in securities involves risk, and there is always the potential of losing money. 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. Interest credited with the participation rate would be 30% of the 20% increase, which equals 6%. 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%. * FlexGuard index strategies help clients: FOR FINANCIAL PROFESSIONAL USE ONLY. A Stable Value Fund First Quarter 2022 Fund Fact Sheet - Page 3 qualified professional. Neither Prudential Financial, Inc. nor Assurance IQ issues, underwrites, or administers health plans or health insurance policies. Clients seeking information regarding their particular investment needs should contact a financial professional. 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. 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. Slide 7 establishes how rethinking your approach to asset allocation may be smart. One such solution is Prudential's FlexGuard indexed variable annuity. %%EOF 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. 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. for the Prudential FlexGuard Income Index Linked Variable Income Benefit (the "Benefit") available with the Annuity. Prudential Financial, Inc. ( NYSE: PRU ), a global financial services leader and premier active global investment manager with more than $1.4 trillion in assets under management as of June 30,. Contact your wholesaler today and have our team of experts and resources work for you. 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. The Interim Value does not apply to an Index Strategy on the Index Strategy Start Date and the Index Strategy End Date. An allocation to the index options is not a purchase of shares of any stock or index fund or a direct . }*/, 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.*. 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 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 * Investing in a variable annuity may be the answer for part of your overall retirement strategy. The buffer will vary by the selected strategy, term length, andindex elected. border-left: 10px solid transparent; Certain indicesassociated with Index Strategies may be subject to an underlying fee or reduction. 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. 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. xref font-weight: bold; Are you a licensed financial professional? Each subsidiary is responsible for its own financial condition and contractual obligations. For Financial Professional Use Only. If you qualify, please, A retirement strategy as individual as you are. 0000005920 00000 n Pruco Life Insurance Company, an Arizona company - California COA # 3637. 528 36 The oldest international stock index, it is the most common benchmark in the U.S. for foreign stock funds. 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. /*.RIANavBar ul, .RIANavBar li{ The Performance Value will not fluctuate for the remainder of the existing index strategy term unless there is a withdrawal or reallocation. 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. Prudential Financial, its affiliates, and their financial professionals do not render tax or legal advice. 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. 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. MEDIA CONTACTS Fortitude Re and the Fortitude Re logo are service marks of Fortitude Group Holdings, LLC and its affiliates. . Prudential Financial was founded by soon to be US senator John Dryden in 1875 with its one product of burial insurance. 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-right: 10px solid transparent; Because this a tax qualified annuity gains are tax deferred until income/money is taken out of the annuity. If the Index Return is negative, but less than or equal to the Buffer, the Index Credit is zero. The commission-based version launches today, with a fee-based version of FlexGuard . With an FIA, your clients money is not actually invested in any index, but rather may earn interest based on the indexs performance. They decide the percentage of their money to allocate to each and the term of each index-based strategy. 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. The customer will have the option to allocate their premium to one or more indices listed below: The customer will have the option to allocate to one, some, or all the Index Strategies listed below: Negative Index Return is protected from loss within the Buffer associated with the selected Index Strategy. Growth opportunities are provided by index strategies and variable investment options. +1 201-835-4872 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. Partner with us, and well invest in you. Use up and down arrow keys to navigate. 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. Prudential FlexGuard Life is 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. 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. @media (max-width: 991px) { Prudential's book value per share also increased slightly in the quarter to $167 per share, which means it has growing shareholder equity to cover losses, even in a pandemic. 0000005769 00000 n 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. 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. Available through certain broker/dealers and offers select index-based strategies and terms. When the client purchases FlexGuard - NY you will help them make choices, custom-building their annuity to meet their individual needs and goals. only and may not be approved in all states. 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. For more information about FlexGuard Life, visit: prudential.com/landing/indexed-variable-universal-life-insurance. 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. } 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. Most annuities will have a 5 year, 7 year, 10 year, and 14 year surrender variation to choose from. Taking the longer surrender period will most likely give you a larger cap on indexes and a larger fixed rate option for index crediting. Typically annuities allow you to withdraw 10% of your accumulation value after the first year without surrender fees. However if you are under age 59 and a half, you are subject to a 10% IRS tax penalty as well as income taxes applied to the withdrawal. Please reference the prospectus for information about the levels of protection available and other important product information. The annuity carrier has not endorsed this review in any way nor do we receive any compensation for this review. 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. The more loss protection or buffer you select, the less upside gain from the index you will receive. 0000001346 00000 n Investment advisory products and services are made available through Pruco, a registered investment adviser. Standard & Poor's and S&P are registered trademarks of Standard & Poor's Financial Services LLC, a division of S&P Global ("S&P"); Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC ("Dow Jones"). Prudential Financial, Inc. 0000024403 00000 n content: ""; 0000009387 00000 n Please consult with your tax and legal advisors regarding your personal circumstances. 528 0 obj <> endobj 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. The information is not intended as investment advice and is not a recommendation about managing or investing your retirement savings. 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. Dividend Yield % explanation, calculation, historical data and more The information is not intended as investment advice and is not a recommendation about managing or investing your retirement savings. But that can create a dilemma. Also, its important to note that if they take a withdrawal or annuitize the contract, taxes will apply.