kristen.olsen@prudential.com, Marisa Amador Index Advantage Rates | Allianz Life Clients seeking information regarding their particular investment needs should contact a financial professional. Prudential Financial, its affiliates, and their financial professionals do not render tax or legal advice. Use up and down arrow keys to navigate. Performance Locks are as of close of business on the day the automatic target was met or the manual lock in is requested. Rates are subject to change at any time. height: 100%; Receive alerts on new stories, articles, and more by subscribing to one or more RSS Feeds. FLIAC is not licensed to do business in New York, effective December 31, 2015, which had no impact on existing annuity contracts sold through FLIAC. Our new website has recently launched with features that may not be fully supported by your current browser. 0000030460 00000 n Our new website has recently launched with features that may not be fully supported by your current browser. Variable annuities are distributed by Prudential Annuities Distributors, Inc., Shelton, CT. Retirement products and services are provided by Prudential Retirement Insurance and Annuity Company, Hartford, CT, or its affiliates . References to FLIAC shall be deemed to be references to PALAC in the jurisdictions where the name change is not yet effective. } The information is not intended as investment advice and is not a recommendation about managing or investing your retirement savings. Subject: Announcing Prudential FlexGuard indexed variable annuity Prudential FlexGuard indexed variable annuity available on or about May 18, 2020 Dear Valued Partner, . 0000030064 00000 n Financial advisors who are available through the Stages channel currently offer a more limited range of products and services as compared to the range of products and services offered through other Prudential distribution channels. Flexguard Income is issued by Pruco Life Insurance Company CT disclosure MN disclosure Prudential Defined Income Variable Annuity Review With the help of the buffer, your risk of loss could be lessened. This zero fee hedging strategy is only available within an annuity wrapper which is why I recommended it and own a similar product with Lincoln Financial myself. } 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. Date Monday, April 20, 2020 2:00 PM Subject: Announcing Prudential 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. Each subsidiary is responsible for its own financial condition and contractual obligations. August 04, 2022 Prudential FlexGuard reaches $10B total sales milestone at record pace Prudential Continues Strong 'Product Pivot Strategy' In Healthy 1Q These advisors currently offer only insurance products issued by PICA and its affiliates (Prudential companies). Bloomberg or Bloomberg's licensors, own all proprietary rights in the Bloomberg Indices. Please reference the prospectus for information about the levels of protection available and other important product information. Investing in a variable annuity may be the answer for part of your overall retirement strategy. May 18, 2020 8:00AM EDT. Allocations among variable investment options can happen at any time. Clients seeking information regarding their particular investment needs should contact a financial professional. Perseus Mining (TSX:PRU) Dividend Yield % as of today (March 01, 2023) is 1.25%. Please refer to the current rate sheet and prospectus for more information. Available through Registered Investment Advisors; offers similar features and options as the PruSecure Fixed Indexed Annuity. Variable Annuities and Variable Life Insurance are distributed by Prudential Annuities Distributors, Inc. (PAD), Shelton, CT (main office). PDF Guaranteed Interest Account - Retirement.prudential.com But why should they have to sacrifice one for the other? It does not reect a specific annuity or an actual account value. Interest credited with the participation rate would be 30% of the 20% increase, which equals 6%. This website is for U.S. persons only and may not be approved in all states. } 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. Rates are subject to change at any time. Receiving benefits under the terms of an accelerated death benefit rider for chronic or terminal illness will reduce and may eliminate the death benefit. Compliance NumberTemplate: 1000797-00012-00. Typically, the longer the surrender charge period, the higher the fixed rates and index-based cap rates and participation rates. The stock price is. In cases where the duration of the index term is shorter than the length of the surrender charge period, your clients may need to renew or reallocate their strategy selections one or more times before the surrender charge period ends. The Performance Value will not fluctuate for the remainder of the existing index strategy term unless there is a withdrawal or reallocation. It offers you lifetime income with levels of protection and growth potentialbefore and after you start income. If you would like information about your particular investment needs, please contact a financial professional. This link has sublinks - To access press Enter. Change of Ownership terminates the Return of Purchase Payments death benefit. 0000009917 00000 n 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. 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. Mix and match indices, crediting strategies, and index term options to create a customized strategy that helps meet your clients needs. Withdrawals and distributions of taxable amounts are subject to ordinary income tax and, if made prior to age 59, may be subject to an additional 10% federal income tax penalty, sometimes referred to as an additional income tax. 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. 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. You will not receive a written financial plan or investment recommendations as part of the no cost consultation. They decide the percentage of their money to allocate to each and the term of each index-based strategy. Clients have worked hard for their money and want to protect and grow it for the future. Prudential FlexGuard reaches $10B total sales milestone at - Yahoo! MFS Value Series Service Class MFS International Growth Portfolio Service Class MFS Total Return Series Service Class MFS Total Return Bond Series Service Class PSF PGIM Government Money Market Portfolio Class III default Holding Account. 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. Marketing and training materials contained on these websites need to be approved by the Prudential Retirement Strategies Marketing Compliance Unit prior to use. Interest credited with the participation rate would be 30% of 3%, which is equal to 0.90%. margin: auto; 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. trailer For more information, please visit news.prudential.com. Use up and down arrow keys to navigate. The client'smoney is not actually invested in any index, but may earn interest credits based on the indexs performance. The Disclosure Statement contains a more detailed description of the limited relationship MSCI has with Pruco Life Insurance Company and any related annuity contracts. 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. Certain indicesassociated with Index Strategies may be subject to an underlying fee or reduction. The buffer will vary by the selected strategy, term length, andindex elected. Refer to the prospectus for additional information. 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. 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. 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 . and has been licensed to Pruco Life Insurance Company ("Licensee"). 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. LINK by Prudential is an umbrella marketing name for Prudential Customer Solutions LLC ("PCS"), Prudential Annuities Distributors, Inc. and various subsidiaries of The Prudential Insurance Company of America. As you help your clients plan for a more secure tomorrow, you'll want to work with a company you know and trust. Contact your wholesaler today and have our team of experts and resources work for you. 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. It is not possible to invest directly in an index. Not all term and buffer options are available for each index crediting strategy. FlexGuard - NY offers them the opportunity to choose their buffer level as well as their term length. 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. Bloomberg U.S. Intermediate Credit Index:BLOOMBERG is a trademark and service mark of Bloomberg Finance L.P. and its affiliates (collectively "Bloomberg"). 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. 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. Gains or losses are assessed at the end of each index. Fixed indexed annuitiesare not FDIC-insured and have limitations and surrender charges. Each company (PICA, PLAZ, PLNJ, FLIAC, PAD) is solely responsible for its own financial condition and contractual obligations. How life can change 'in a split second' A Prudential employee shares her story to help others realize the importance of life insurance. marisa.amador@prudential.com, Amid market volatility, Prudentials innovative investment strategy meets increased need for asset protection. Prudential FlexGuard reaches $10B total sales milestone at record pace Prudential Financial, Inc. whos symbol of the Rock of Gibraltar, has been keeping its promises since 1875. FlexGuard Income is initially available through Prudential Advisors financial professionals and will expand to additional, third-party broker dealers in fall 2021. . Partial downside protection is provided through the bufferwhere index losses within the buffer are protected. Prudential FlexGuard Life is issued by Pruco Life Insurance Company and offered through Pruco Securities, LLC (member SIPC). Fortitude Re has retained PICA as an unaffiliated Third-Party Administrator. 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. Each company (PICA, PLAZ, PLNJ, FLIAC, PAD) is solely responsible for its own financial condition and contractual obligations. 0000008735 00000 n Each company (PICA, PLAZ, PLNJ, FLIAC, PAD) is solely responsible for its own financial condition and contractual obligations. NEWARK, N.J. -- (BUSINESS WIRE)-- Prudential Financial, Inc. ( NYSE: PRU ), launched FlexGuard today, the company's first indexed variable annuity product, designed . Prudential's FlexGuard Variable Annuity Hits $1B In Sales Neither Prudential Financial, Inc. nor Assurance IQ issues, underwrites, or administers health plans or health insurance policies. All names, marks, and materials used for this review are the property of their respective owners. <]/Prev 624911/XRefStm 1346>> Variable investment options are available but do not offer protection levels. 0000000016 00000 n xref which may help limit loss in down markets, partially shielding your account in the case ofa negative index return. This is a hypothetical example for illustrative purposes only. FLIAC is in the process of changing its name from Prudential Annuities Life Assurance Corporation (PALAC) in certain jurisdictions. 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. 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. Also, its important to note that if they take a withdrawal or annuitize the contract, taxes will apply. Step Rate Plus Index Strategy Underperform: Other proprietary Fortitude Re marks may be designated as such through the use of the SM or symbols. 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. A floor offers 100% downside protection in the event of a market loss. Investing in securities involves risk, and there is always the potential of losing money. Year 1: No free withdrawals allowed in the first contract year, unless taken as a Required Minimum Distribution (RMD) that Prudential calculates. There is risk of loss of principal if negative index returns exceed the selected protection level. Caps, Precision Rates, and DPSCs for a 1-year term cannot be less than 1.50%. Index-linked variable annuity products are complex insurance and investment vehicles. Annuities | Prudential Check out the current rate sheet. CDs are FDIC-insured up to $250,000 per fi nancial institution, and there may be a penalty for early withdrawal. 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. Renewal rates may be different than those listed below. Available Buffers, which may vary by Index Strategy, are 10%, 15%, and 20%. 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. Is Prudential Financial a Buy? | The Motley Fool * "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. Any allocations to the Index Strategies must occur on an Index Anniversary. New & Different Solutions. .pru-module.pru-module-12 .pru-module-rich-text-editor {width: 100%;}, At least characters must be typed in the search field in order to perform the search. Investment advisory products and services are made available through Pruco, a registered investment adviser. opens in new window. prudential flexguard rate sheet. If a Performance Lock is executed when thePerformance Lock Value has declined, clientswill lock in any loss. It is generally more profitable to Prudential if you purchase insurance products that are issued by a Prudential company than a non-Prudential company. 0000010749 00000 n across well-known indices. Unfortunately, that didnt rule holding agent up to a higher standard, as a fiduciary, did not pass. All products and/or options may not be available in all states or with all broker/dealers. Announces 2022 Results. } 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. Withdrawals or surrenders may be subject to contingent deferred sales charges. 0000046767 00000 n Neither Prudential Financial, Inc. nor Assurance IQ issues, underwrites, or administers health plans or health insurance policies. Index lossesthat exceed the buffer will result in a loss of Account Value. This is an independent review for you to see the pros and cons of this particular annuity. @media (max-width: 991px) { Copyright 2019-2023 Annuity Look 1-800-325-1833, Annuity Company Issuer Review: Prudential Financial. FlexGuard - NY is issued by Pruco Life Insurance Company. Low-risk investments today offer little growth opportunity, while investing in the stock market can be risky. 0000014746 00000 n Copywriter: Susanne Bassmann Annuity Rates | Prudential Financial 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.