prudential flexguard rate sheet

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. 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 . Investment advisory products and services are made available through Pruco, a registered investment adviser. (See Important Information Disclosure Statement for additional information about MVAs.) 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. Your licensed financial professional can provide you with complete details. -webkit-transform: translate(-50%, -50%); 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. For additional important information about the products, services and companies that make them available, please click here Opens in a new window.*. Bloomberg Commodity Index reflects changes in a broad range of commodity futures prices, from crude oil and coffee to gold and cattle. 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. 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. Neither Prudential Financial, Inc. nor Assurance IQ offers, underwrites, or administers health plans or health insurance policies. FlexGuard - NY's Index Strategies do not represent a direct investment in an index. Variable investment options are offered with this product; however, are not included for illustration purposes and do not offer downside protection. If youd like to see Fortitude Re product information, please click here opens in new window. With the help of the buffer, your risk of loss could be lessened. This product will issue daily. 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. 2023 Prudential Financial, Inc. and its related entities. Targets are not available for strategies with a 100% buffer option or the Step Rate Plus Crediting Strategy. 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 . Use up and down arrow keys to navigate. Furthermore, the underlying mutual fund fee is 0.83%. 0000008735 00000 n Slide 7 establishes how rethinking your approach to asset allocation may be smart. New & Different Solutions. Remember that the index credits are capped at a lower rate than the index itself like your index mutual funds or EFT at Charles Schwab or Fidelity. 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. 0000008048 00000 n Choose one or a combination of them. 0000030460 00000 n NEWARK, N.J. -- (BUSINESS WIRE)-- Prudential Financial, Inc. ( NYSE: PRU ), launched FlexGuard today, the company's first indexed variable annuity product, designed . 0000046879 00000 n 1-Year Term 3-Year Term 1-Year Term (Step Rate) 1-Year Term (Fixed Account) Get started today. 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.. Funds allocated to the index-based strategies have the potential to grow based on the performance of their chosen indices, comparing the value on the rst day to the value on the last day of their 1-, 3-, or 5-year. Use up and down arrow keys to navigate. Fortitude Re has retained PICA as an unaffiliated Third-Party Administrator. 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. Annuities are one of the few strategies that can accomplish both secured growth and guaranteed income. 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%. .RIANavBar ul { 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. only and may not be approved in all states. 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. Announces 2022 Results. Prudential Retirement Insurance and Annuity Company - California COA # 08003. The Interim Value is the value of an Index Strategy on any Valuation Day during an Index Strategy Term. If you would like information about your particular investment needs, please contact a financial professional. Renewal rates may be different than those listed below. 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. All guarantees, including any optional benefits, are subject to the claims-paying ability and financial strength of the issuing insurance company. Asset allocation and rebalancing do not ensure a profit or guarantee against loss. Prudential, also known as "The Rock," has been in business for nearly 140 years. This is an independent product review, not a recommendation to buy or sell an annuity. 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. Please consult with your tax and legal advisors regarding your personal circumstances. 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. Marketing and training materials contained on these websites need to be approved by the Prudential Retirement Strategies Marketing Compliance Unit prior to use. FlexGuard Income is a retirement product that you and your financial professional can customize based on your unique needs. 0000011036 00000 n 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 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. Are you a licensed financial professional? With FlexGuard - NYs Cap Rate index strategy, clients receive any positive index growth up to an upper limit (called a cap). The information is not intended as investment advice and is not a recommendation about managing or investing your retirement savings. Fortitude Re has retained PICA as an unaffiliated Third-Party Administrator. Securities products and services are offered through: Pruco Securities, LLC and Prudential Investment Management Services, LLC, both members SIPC and located in Newark, NJ, or Prudential Annuities Distributors, Inc., located in Shelton, CT. All are Prudential Financial companies. Not For Use with the Public. Clients seeking information regarding their particular investment needs should contact a financial professional. 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. 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. The commission-based version launches today, with a fee-based version of FlexGuard . Growth opportunities with added ability to lock in performance. Mix and match indices, crediting strategies, and index term options to create a customized strategy that helps meet your clients needs. 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. 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. 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. Each index strategy determines how your money can grow and calculates the interest you can earn differently. Compliance NumberTemplate: 1000797-00012-00. For Compliance Use Only: 1003626-00008-00. May 18, 2020 8:00AM EDT. The rule, which raised investment-advice standards in retirement accounts, would of made brokers and insurance agents become fiduciaries to sell indexed annuity and other financial products opening up potential lawsuits from bad sales of annuity products. .id-Z7_G802HJS0M0B280QQVMVG6OP8R2 .ibmPortalControl .module { 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 . PruSecure offers two different ways for your clients to potentially grow their money: an index-based strategy and a xed rate strategy. Any allocations to the Index Strategies must occur on an Index Anniversary. 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. * "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. Prudential Financial, its affiliates, and their financial professionals do not render tax or legal advice. What Will We Cover in this Annuity Review? Prudential is not responsible for any losses related to decisions whether or not to exercise a Performance Lock. } Investing in securities involves risk, and there is always the potential of losing money. .RIANavBar a { 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. Comprehensive financial planning offered through the Stages channel is more limited in scope than comprehensive financial planning offered through the Prudential Advisors distribution channel. With an FIA, your clients money is not actually invested in any index, but rather may earn interest based on the indexs performance. display: block; Please use one of the browsers below or contact your IT department regarding approved options. Access to policy cash values is through loans and withdrawals. Your clients should consult a tax advisor for more information. 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. This is a hypothetical example for illustrative purposes only. The stock price is. Marketing and training materials contained on these websites need to be approved by the Prudential Retirement Strategies Marketing Compliance Unit prior to use. Some of the products and services discussed on the Stages site are in development and may not be currently available. 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. }*/, 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.*. 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. 0000000016 00000 n Group Insurance coverages are issued by The Prudential Insurance Company of America, a Prudential Financial company, Newark, NJ. There is risk of loss of principal if negative index returns exceed the selected protection 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. font-weight: bold; The cap rate is the maximum amount of interest that can be credited during a specific index term. If they make a full withdrawal of the annuity, they will receive the greater of the account value (minus any surrender charges and adjusted by any applicable MVA) and the Minimum Guaranteed Surrender Value. The selections you choose together with your clients are all dependent on their investment goals and their risk tolerance. Compliance NumberTemplate: 1000797-00012-00. ** The websites referenced above are not endorsed or supported by any of the Prudential Financial companies. Fortitude Re has retained PICA as an unaffiliated Third-Party Administrator. Performance Locks are as of close of business on the day the automatic target was met or the manual lock in is requested. 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. Launched in May 2020, it features index strategies with buffers that can help limit market losses while providing investors the opportunity for asset growth. This material 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. Started in 2010 with one company, these hybrid annuities do offer is a limited loss to an investor between 10% and 20% of the markets decline during a specified period usually a year period. Please refer to the current rate sheet. 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 . Prudential reserves the right to change rates at any time. .RIANavActive a { Caps, Precision Rates, and DPSCs for a 1-year term cannot be less than 1.50%. Inspired by the groundbreaking success of Prudential's signature FlexGuard Indexed Variable Annuity products, which have reached over $10 billion in total sales, FlexGuard Life is a. 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. In a rising interest rate environment, increases in caps if any, may be substantially slower than increases in interest rates. 0000009917 00000 n Fixed indexed annuitiesare not FDIC-insured and have limitations and surrender charges. These two index crediting strategies determine how their money may grow. CDs are FDIC-insured up to $250,000 per fi nancial institution, and there may be a penalty for early withdrawal. If the Index Return is between zero and the declared Tier Level, then the Index Credit is equal to the IndexReturn multiplied by the Participation Rate for the 1st tier. The annuity carrier has not endorsed this review in any way nor do we receive any compensation for this review. Early withdrawals may result in a loss in addition to applicable surrender charges. } 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. By using this website, you agree that you have read and agree to our Terms and Conditions. } This is an independent review for you to see the pros and cons of this particular annuity. For complete product information, please reference the client brochure PDF opens in new window, rate sheet PDF opens in a new window, and product prospectus. FlexGuard - NY offers them the opportunity to choose their buffer level as well as their term length. It includes death benefit protection with guaranteed duration options, multiple ways to grow cash values and the ability to accelerate death benefits in the event of a chronic or terminal illness if an additional rider has been added. opens in new window. 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 Annuities does not provide investment advice. 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 of America, where such use would be prohibited or otherwise regulated. } 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. Think of it as a second layer of protection., Table below will update as the competition changes. Currently, there are some great choices for retirement annuities. To request a side by side, click on the compare button below, and our Certified Financial Planner will be happy to answer any question you might have (Click Here).. 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. 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. 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.

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