Bloomberg Commodity Index reflects changes in a broad range of commodity futures prices, from crude oil and coffee to gold and cattle. } for Prudential Investment Management Services, LLC. trailer Your clients should consult a tax advisor for more information. Prudential FlexGuard IVUL is the second (after Equitable MSO, which has been in market largely unchanged since 2010) of what will inevitably become a new category in the life insurance market, Variable UL products with subaccounts that offer structured payoffs - in this case, buffered strategies. How life can change 'in a split second' A Prudential employee shares her story to help others realize the importance of life insurance. Please refer to the current rate sheet. and S&P 500 company whose subsidiaries provide, , and other retirement financial products to both. Mix and match indices, crediting strategies, and index term options to create a customized strategy that helps meet your clients needs. Investing in Prudential FlexGuard or FlexGuard Income's index strategies does not represent a direct investment in an index. If a Performance Lock is executed when thePerformance Lock Value has declined, clientswill lock in any loss. 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. 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. Not available in New York. Bloomberg or Bloomberg's licensors, own all proprietary rights in the Bloomberg Indices. Fortitude Re and the Fortitude Re logo are service marks of Fortitude Group Holdings, LLC and its affiliates. 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. 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. By using this website, you agree that you have read and agree to our Terms and Conditions. Prudential LINK and LINK by Prudential occasionally may be referred to as LINK. display: block; This website is for U.S. persons Opens in a new window only and may not be approved in all states. 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. 0000021753 00000 n .RIANavActive a:before { .RIANavActive a:after { %PDF-1.7 % Prudential Financial Inc. (NYSE: PRU), today launched FlexGuard Income, a new indexed variable annuity that provides customers with investment strate Statement of Financial Condition for Prudential Investment Management Services, LLC. Unpaid loans and withdrawals reduce cash values and death benefits; and may have tax consequences. FlexGuard - NY and all product features are not approved for use in all states or through all broker-dealers. I hope you found this look informative and found value in your time. Aloha! 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. FLIAC is in the process of changing its name from Prudential Annuities Life Assurance Corporation (PALAC) in certain jurisdictions. 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. for the Prudential FlexGuard Income Index Linked Variable Income Benefit (the "Benefit") available with the Annuity. Subject: Announcing Prudential FlexGuard indexed variable annuity Prudential FlexGuard indexed variable annuity available on or about May 18, 2020 Dear Valued Partner, . 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 * Our new website has recently launched with features that may not be fully supported by your current browser. 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. You will not receive a written financial plan or investment recommendations as part of the no cost consultation. As of September 2021, the FlexGuard Challenge has received 3,274 unique visitors and 19,116 total page views and has resulted in over 9,350 unique leads. . 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. ** The websites referenced above are not endorsed or supported by any of the Prudential Financial companies. If the index decreased by any amount at all,client loses nothing whether they chose the cap rateor participation rate, as they are protected by the floor. Early withdrawals may result in a loss in addition to applicable surrender charges. 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. Lock in performance prior to the Index Strategy End Date by either setting an automaticPerformance Lock target, which will automatically lock in the Performance Lock Value as of close of business on the day the target is met, OR manually lock in the Performance Lock Value as of the current day's close of business. It offers you lifetime income with levels of protection and growth potentialbefore and after you start income. Clients seeking information regarding their particular investment needs should contact a financial professional. 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. The information is not intended as investment advice and is not a recommendation about managing or investing your retirement savings. PruSecure offers two different ways for your clients to potentially grow their money: an index-based strategy and a xed rate strategy. 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. Variable investment options are offered with this product; however, are not included for illustration purposes and do not offer downside protection. 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. Please consult with your tax and legal advisors regarding your personal circumstances. May 18, 2020 8:00AM EDT. Please refer to the current rate sheet and prospectus for more information. 0000061397 00000 n only and may not be approved in all states. 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. Index-linked variable annuity products are complex insurance and investment vehicles. 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. Step Rate Plus Index Strategy Underperform: 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. Early withdrawals may result in a loss in addition to applicable surrender charges. The Prudential Life Insurance Company of America Newark, NJ. New & Different Solutions. Although the Portfolio seeks to preserve the value of your investment at $10.00 per share, it is possible to lose money by investing in the Portfolio. 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. 2023 Prudential Financial, Inc. and its related entities. Each subsidiary is responsible for its own financial condition and contractual obligations. } Please consult with your tax and legal advisors regarding your personal circumstances. 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. 0000015975 00000 n In providing this information, neither Prudential nor any of its affiliates or financial professionals is acting as your ERISA fiduciary. 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. The participation rate is an upper limit percentage increase used to calculate the interest that will be credited for a specific index term(s). 0000011036 00000 n As of 2019, the Newark New Jersey company Prudential is the largest insurance provider in the United States with $815.1 billion in total assets. With FlexGuard - NYs Cap Rate index strategy, clients receive any positive index growth up to an upper limit (called a cap). 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. PCS is not a licensed insurance agency or broker. 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. FLIAC is in the process of changing its name from Prudential Annuities Life Assurance Corporation (PALAC) in certain jurisdictions. Neither Bloomberg nor UBS Securities LLC and its affiliates (collectively, "UBS") are affiliated with Pruco Life Insurance Company, and Bloomberg and UBS do not approve, endorse, review, or recommend PruSecure. S&P chooses the member companies for the 500 based on market size, liquidity and industry group representation. Fortitude Re has retained PICA as an unaffiliated Third-Party Administrator. The information is not intended as investment advice and is not a recommendation about managing or investing your retirement savings. If you qualify, please, A retirement strategy as individual as you are. Prudential FlexGuard income indexed variable annuity . 0000001712 00000 n 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. 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. 0000008735 00000 n FlexGuard Life offers buffered index strategies with potential for strong cash value accumulation, while also providing levels of downside protection during periods of market volatility. Fortitude Re is the marketing name for FGH Parent, L.P. and its subsidiaries, including FLIAC. 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. For more information, please visit news.prudential.com. 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. For additional important information about the products, services and companies that make them available, please click here Opens in a new window.*. +1 973-802-8969 .pru-module.pru-module-12 .pru-module-rich-text-editor {width: 100%;}, See product specifications for more information on funds and fees associated PDF opens in new window. } Also, its important to note that if they take a withdrawal or annuitize the contract, taxes will apply. Typically, the longer the surrender charge period, the higher the fixed rates and index-based cap rates and participation rates. 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. 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. 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 Prudential FlexGuard indexed variable annuity to which this disclosure applies (the "Product") has been developed solely by . Gains or losses are assessed at the end of each index. Certain indicesassociated with Index Strategies may be subject to an underlying fee or reduction. When establishing interest crediting rates, Prudential considers many factors, including current economic and market conditions, the general interest rate environment and both the expected and . 0000014746 00000 n .id-Z7_G802HJS0M0B280QQVMVG6OP8R2 .ibmPortalControl .module { See current PruSecure Select rate sheetPDF opens in a new window, Index-Based Strategy with Point-to-Point Crediting with Cap Rate. The buffer will vary by the selected strategy, term length, andindex elected. References to FLIAC shall be deemed to be references to PALAC in the jurisdictions where the name change is not yet effective. Registered Flexible Premium Deferred Index-Linked Variable Annuity with four Index Strategies featuring multiple protection levels and term lengths, plus 5 variable investment options, Prudential FlexGuard indexed variable annuity - New York, Up to age 85; based on the age of the oldest Owner/Annuitant, $25,000 Minimum Qualified and Nonqualified $1,000,000 Maximum (Premiums that exceed $1,000,000 require prior company approval). 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. " As I mentioned, the Flexguard annuity has ZERO fees if invested in the segments and offers up to 20% downside protection. 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. 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. This indexed variable annuity, also called an Registered Indexed Linked annuity, RILA, Buffer annuity, will likely be presented on three ideas: 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. Neither Prudential Financial, Inc. nor Assurance IQ issues, underwrites, or administers health plans or health insurance policies. Any growth is based on the index return. Individual Fixed Index Annuity Sales from 2016 to 2019 and they finished in the #2 spot in 2020.. Allianz was founded in 1896 and based in Minneapolis, Minnesota, Allianz Life Insurance Company of North America is a leading provider of retirement and protection solutions, including life insurance, and fixed, variable, and fixed index annuities for . . This product will issue daily. Marketing and training materials contained on these websites need to be approved by the Prudential Retirement Strategies Marketing Compliance Unit prior to use. FlexGuard - NY is issued by Pruco Life Insurance Company. 0000036749 00000 n This website is for U.S. persons Opens in a new window only and may not be approved in all states. 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. /* .RIANavActive a:before { Comprehensive financial planning offered through the Stages channel is more limited in scope than comprehensive financial planning offered through the Prudential Advisors distribution channel. 0000010202 00000 n Alternatively, clients may allocate 100% of their initial Purchase Payment to the Variable Subaccounts. 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. NEWARK, N.J., November 14, 2022 - Prudential Financial, Inc., has launched Prudential FlexGuard Life, an innovative Indexed Variable Universal Life product that offers a flexible combination of protection, growth, and access to meet consumers changing life insurance needs. Prudential will not warn clientsif theyexercise a Performance Lock at a sub-optimal time. margin: auto; and has been licensed to Pruco Life Insurance Company ("Licensee"). 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 . Kristen Olsen .RIANavBar li { xref It is a free float-adjusted market capitalization index that is designed to measure the equity market performance of 21 developed markets, excluding the U.S. and Canada. Investors should carefully consider the features of the contract, index strategies, and the underlying portfolios' investment objectives, policies, management, risks, charges and expenses. At least characters must be typed in the search field in order to perform the search, PruSecure Fixed Indexed Annuity At-A-Glance. Prudential FlexGuard income indexed variable annuity DOWNLOAD Slides 3-6 show how investing in an uncertain market or relying on fixed income has taken its toll. 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. Interest credited with the participation rate would be 30% of the 20% increase, which equals 6%. Caps for the 3-year term cannot be less than 5% and for a 6-year term cannot be less than 10%. Please use one of the browsers below or contact your IT department regarding approved options. Comprehensive financial planning offered through the Stages channel is more limited in scope than comprehensive financial planning offered through the Prudential Advisors distribution channel. ABOUT PRUDENTIAL INDIVIDUAL LIFE INSURANCE 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. 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. Clients should read the prospectuses carefully before investing. Prudential Financial, Inc. whos symbol of the Rock of Gibraltar, has been keeping its promises since 1875. Receive alerts on new stories, articles, and more by subscribing to one or more RSS Feeds. Prudential Financial, Inc. whos symbol of the Rock of Gibraltar, has been keeping its promises since 1875. 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%. These two index crediting strategies determine how their money may grow. Withdrawals or surrenders may be subject to contingent deferred sales charges. Otherwise, theIndex Credit is equal to the negative Index Return in excess of the Buffer. 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. CDs are FDIC-insured up to $250,000 per fi nancial institution, and there may be a penalty for early withdrawal. 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. Each company (PICA, PLAZ, PLNJ, FLIAC, PAD) is solely responsible for its own financial condition and contractual obligations. Compliance NumberTemplate: 1000797-00012-00, At least characters must be typed in the search field in order to perform the search. Please reference the prospectus for information about the levels of protection available and other important product information. Copyright 2019-2023 Annuity Look 1-800-325-1833, Annuity Company Issuer Review: Prudential Financial. 0000024573 00000 n Dow Jones U.S. Real Estate Index is designed to track the performance of Real Estate Investment trusts (REIT) and other companies that invest directly or indirectly in real estate through development, management, or ownership, including property agencies. Your licensed financial professional can provide you with complete details. It is possible to lose money by investing in securities. It is a calculated value and is used when a withdrawal, death benefit payment, transfer, annuitization, or surrender occurs mid-term. Each subsidiary is responsible for its own financial condition and contractual obligations. FlexGuard - NY is issued byPruco Life Insurance Company. 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 Annuities does not provide investment advice. height: 100%; It is not possible to invest directly in an index. 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 BufferQuote.comfor available fee-only buffer annuities, FlexGuard is a customizable indexed variable annuity that allows you to make choices. 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. 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. 0000001537 00000 n Prudential is not responsible for any losses related to decisions whether or not to exercise a Performance Lock. The client will choose on the application if they wish to (1) allocate to the Index Strategies immediately, (2) defer their allocation for 45 days from the application signed date to accommodate multiple transfers and exchanges or (3) elect to defer their allocation to a specified date. 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. Prudential Financial Inc. 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. In a rising interest rate environment, increases in caps if any, may be substantially slower than increases in interest rates. Our new website has recently launched with features that may not be fully supported by your current browser. The Insurance Charge is a combination of the Mortality & Expense Risk Charge and the Administration Charge. It is possible to lose money by investing in securities. } Buffers and floors cannot change for a contract after they are established. Investing in securities involves risk, and there is always the potential of losing money. In this annuity review we will be going over annuity details regarding the Prudential Flex Guard Structed Variable annuity. If the index increased by 20% which is greater than the cap rate of 4% the interest credited would be 4%. -webkit-transform: translate(-50%, -50%); 0000005920 00000 n kristen.olsen@prudential.com, Marisa Amador Suggestions may appear below after you type 3 letters. Both are Prudential Financial companies located in Newark, NJ. 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. Allocations among variable investment options can happen at any time. Growth opportunities are provided by index strategies and variable investment options. Dow Jones U.S. Real Estate Index is designed to track the performance of Real Estate Investment Trusts (REITs) and other companies that invest directly or indirectly in real estate through development, management, or ownership, including property agencies. It's up to you to determine if a fixed indexed annuity is suitable for your clients. The information is not intended as investment advice and is not a recommendation about managing or investing your retirement savings. Our Certified Financial Planner professional (CFP) will answer your questions FREE within 24 hours. What Will We Cover in this Annuity Review? Contact your wholesaler today and have our team of experts and resources work for you. Prudentials A.M.Best rating is a A+ along with comdex score of 95. 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. On an Index Strategy End Date, the Index Strategy Base plus the Index Credit applicable to that Index Strategy would be used instead of the Interim Value. list-style-type: none; 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 Financial, its affiliates, and their financial professionals do not render tax or legal advice. The stock price is. 0000008198 00000 n FlexGuard offers you the ability to allocate amongst the following Variable Investment options, in addition to the Index Strategies. 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. 0000030460 00000 n opens in new window. NEWARK, N.J. -- (BUSINESS WIRE)-- Prudential Financial, Inc. ( NYSE: PRU ), launched FlexGuard today, the company's first indexed variable annuity product, designed . The Disclosure Statement contains a more detailed description of the limited relationship MSCI has with Pruco Life Insurance Company and any related annuity contracts.
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