New & Different Solutions. 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. Conservative, risk averse, or uncomfortable with the idea of losing money, but still want the potential to grow it, Looking for a way to protect and potentially grow a portion of their income-producing assets earmarked for retirement, Frustrated with the minimal returns they are receiving in today's low interest rate environment, Service your existing Prudential Annuities clients, Minimum renewal Cap Rate during surrender charge period 1.00%, after surrender charge period 1.00%, Minimum renewal Participation Rate during surrender charge period 5.00%, after surrender charge period 5.00%, Minimum renewal Cap Rate during surrender charge period 2.00%, after surrender charge period 1.00%, Minimum renewal Participation Rate during surrender charge period 10.00%, after surrender charge period 5.00%, Minimum renewal Fixed Rate during surrender charge period 1.00%; after surrender charge period 0.05%, Withdrawals in excess of the free withdrawal amount, with the exception of Required Minimum Distributions, are subject to an MVA during the surrender charge period, This adjustment may either increase or decrease the amount withdrawn and is determined by a formula that is tied to the Bloomberg U.S. Intermediate Credit Index; MVA may not apply in all states, Free withdrawals in each contract year are not cumulative, Surrender charges and MVA will not apply to RMDs that Prudential calculates, Minimum renewal Cap Rate during surrender charge period 3.00%, after surrender charge period 1.00%, This adjustment may either increase or decrease the amount withdrawn and is determined by a formula that is tied to the BloombergU.S. Intermediate Credit Index; MVA may not apply in all states, Certain securities products and services are offered through Pruco Securities, LLC and Prudential Investment Management Services, LLC, both members. .RIANavBar { xref
Clients should read the prospectuses carefully before investing. Please consult with your tax and legal advisors regarding your personal circumstances. 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 * 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. June 4, 2022; By ; sterile processing technician jobs; prudential flexguard rate sheet . position: absolute; 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).. Both are Prudential Financial companies located in Newark, NJ. FLIAC is in the process of changing its name from Prudential Annuities Life Assurance Corporation (PALAC) in certain jurisdictions. Bloomberg is not affiliated with Pruco Life Insurance Company nor approves, endorses, reviews or recommends PruSecure. Because this a tax qualified annuity gains are tax deferred until income/money is taken out of the annuity. 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. 528 36
Fortitude Re has retained PICA as an unaffiliated Third-Party Administrator. Each company (PICA, PLAZ, PLNJ, FLIAC, PAD) is solely responsible for its own financial condition and contractual obligations. It's up to you to determine if a fixed indexed annuity is suitable for your clients. transform: translate(-50%, -50%) across well-known indices. Not available in New York. By using this website, you agree that you have read and agree to our, Investments, Life Insurance, Retirement, Planning, Life Insurance, Retirement, Investments-old, Partnering with Association and Affinity Groups, Important Information Disclosure Statement, Check the background of this firm on FINRA's BrokerCheck. "Prudential Advisors" is a brand name of The Prudential Insurance Company of America and its subsidiaries. Our annuity review also called look is overseen by our in house Certified Financial Planner that has to put you first, as a fiduciary thru the CFP Board so you will have the confidence to use these annuities in your retirement plan after our reviews. It is generally more profitable to Prudential if you purchase insurance products that are issued by a Prudential company than a non-Prudential company. It is possible to lose money by investing in securities. In addition to one-year index term options, PruSecure offers three- and ve-year index term options, which may offer more upside potential. One of the advantages of PruSecure is that there are no annual contract or administrative fees. Investing in securities involves risk, and there is always the potential of losing money. Prudential, also known as "The Rock," has been in business for nearly 140 years. It is a calculated value and is used when a withdrawal, death benefit payment, transfer, annuitization, or surrender occurs mid-term. Prudential Annuities does not provide investment advice. .RIANavActive a:after, strategies called Tiered Participation Rate and Step Rate Plus, that can enable you to accelerate a portion of your growth potential in up markets, providing you with the possibility of earning even more. padding: 15px 0 15px 0; It is designed to provide customers with partial downside protection and the opportunity to grow and accelerate the performance of their assets into the future. 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. 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. Slide 7 establishes how rethinking your approach to asset allocation may be smart. Other proprietary Fortitude Re marks may be designated as such through the use of the SM or symbols. You should read the prospectuses carefully before investing. The Interim Value is the value of an Index Strategy on any Valuation Day during an Index Strategy Term. Partial downside protection is provided through the bufferwhere index losses within the buffer are protected. I hope you found this look informative and found value in your time. Aloha! The Prudential FlexGuard indexed variable annuity to which this disclosure applies (the "Product") has been developed solely by . Comprehensive financial planning offered through the Stages channel is more limited in scope than comprehensive financial planning offered through the Prudential Advisors distribution channel. Portfolio Allocation The pie chart illustrates how investment . It affords them access to cash values when needed, providing the unique opportunity to leave a legacy while also expanding access to living benefits. 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. 0000009414 00000 n
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. Your licensed financial professional can provide you with complete details. In providing this information, neither Prudential nor any of its affiliates or financial professionals is acting as your ERISA fiduciary. margin: 20px 0; 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. and S&P 500 company whose subsidiaries provide, , and other retirement financial products to both. Prudential Financial Inc. (NYSE: PRU), today launched FlexGuard Income, a new indexed variable annuity that provides customers with investment strate The value of an Index Strategy at the end of any Valuation Day during an Index Strategy Term other than the Index Strategy Start Date and Index Strategy End Date. .RIANavActive a:after { Prudential LINK and LINK by Prudential occasionally may be referred to as LINK. At least characters must be typed in the search field in order to perform the search, PruSecure Fixed Indexed Annuity At-A-Glance. Bloomberg or Bloomberg's licensors, own all proprietary rights in the Bloomberg Indices. Unpaid loans and withdrawals reduce cash values and death benefits; and may have tax consequences. 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. Please use one of the browsers below or contact your IT department regarding approved options. Annuities are one of the few strategies that can accomplish both secured growth and guaranteed income. 0000024473 00000 n
However, transfers among Variable Subaccounts may occur at any time. +1 973-802-8969
The MSCI EAFE is designed to measure the performance of a selection of stocks in 21 developed markets outside of the U.S. and Canada. FlexGuard, Prudential Financial's first indexed variable annuity product, achieved $1 billion in sales less than six months after launch, making it the fastest-selling product of its kind ever . If you qualify, please, A retirement strategy as individual as you are. PruSecure offers two different ways for your clients to potentially grow their money: an index-based strategy and a xed rate strategy. Our new website has recently launched with features that may not be fully supported by your current browser. trailer
For Financial Professional Use Only. 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. 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. 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. ABOUT PRUDENTIAL INDIVIDUAL LIFE INSURANCE
The applicable Income Percentage and Income Deferral Rate is based on the attained age of the Protected Life (or younger of the Joint Protected Lives) on the Index Effective Date, according to the tables below: . You will not receive a written financial plan or investment recommendations as part of the no cost consultation. Variable Annuities and Variable Life Insurance are distributed by Prudential Annuities Distributors, Inc. (PAD), Shelton, CT (main office). 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. Otherwise, the Index Credit is equal to the negative Index Return in excess of the Buffer. One such solution is Prudential's FlexGuard indexed variable annuity. Prudential FlexGuard commissionable annuity (B-shares) have a 6 year surrender charge starting at 7% charge in the first year and second year following with a 1% reduction every year after that. Early withdrawals may result in a loss in addition to applicable surrender charges. Automatic Performance Lock targets must reflect positive growth in the Performance Lock Value. Asset allocation and rebalancing do not ensure a profit or guarantee against loss. 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. .RIANavBar li { Allianz Life Insurance Company was #1 in U.S. Interest credited with the participation rate would be 30% of 3%, which is equal to 0.90%. By using this website, you agree that you have read and agree to our, Investments, Life Insurance, Retirement, Planning, Life Insurance, Retirement, Investments-old, Partnering with Association and Affinity Groups, Check the background of this firm on FINRA's BrokerCheck, Certain securities products and services are offered through Pruco Securities, LLC and Prudential Investment Management Services, LLC, both members. See current FlexGuard - NY rates NY disclosure Benefits Features Tools For more information about the product, including the other index crediting strategies, please refer to the client brochures, fact cards, and product prospectuses. 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 . Today the Prudential fee amounts to 1.9% but a few years down the line you may be paying 2.6%! Participation Rates cannot be less than 100%. FlexGuard - NY and all product features are not approved for use in all states or through all broker-dealers. Check out the current rate sheet. 0000014746 00000 n
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Prudential FlexGuard Life is issued by Pruco Life Insurance Company and offered through Pruco Securities, LLC (member SIPC). 0000010202 00000 n
for Prudential Investment Management Services, LLC. Each index strategy determines how your money can grow and calculates the interest you can earn differently. Please use one of the browsers below or contact your IT department regarding approved options. There is risk of loss of principal if negative index returns exceed the selected protection level. References to FLIAC shall be deemed to be references to PALAC in the jurisdictions where the name change is not yet effective. 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. Investment advisory products and services are made available through Pruco, a registered investment adviser. Please consult with your tax and legal advisors regarding your personal circumstances. Clients seeking information regarding their particular investment needs should contact a financial professional. 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. Targets are not available for strategies with a 100% buffer option or the Step Rate Plus Crediting Strategy. 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. 0000024573 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. 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. In providing this information, neither Prudential nor any of its affiliates or financial professionals is acting as your ERISA fiduciary. 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. Minimum Renewal Cap Rate, Participation Rate & Fixed Rate. Gains or losses are assessed at the end of each index. Group Insurance coverages are issued by The Prudential Insurance Company of America, a Prudential Financial company, Newark, NJ. 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 offers you lifetime income with levels of protection and growth potentialbefore and after you start income. In providing this information, neither Prudential nor any of its affiliates or financial professionals is acting as your ERISA fiduciary. 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. 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%. Each is a Prudential Financial company located in Newark, NJ (main office), except for PALAC which is located in Shelton, CT (main office), and each is solely responsible for its own financial condition and contractual obligations. only and may not be approved in all states. border-bottom: 10px solid #002247; 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. . .RIANavBar a { border-right: 10px solid transparent; content: ""; FlexGuard - NY offers them the opportunity to choose their buffer level as well as their term length. Each issuing insurance company is solely responsible for its own financial condition and contractual obligations. How does the issuer pay for all this? 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. It is not possible to invest directly in an index. left: 50%; Suggestions may appear below after you type 3 letters. Variable investment options are available but do not offer protection levels. All names, marks, and materials used for this review are the property of their respective owners. The product prospectus contains a more detailed description of the limited relationship MSCI has with Pruco Life Insurance Companyof New Jersey and any related annuity contracts. Any withdrawal taken during an index term will not be eligible to receive interest at the end of the index term. The floor is always 0%. Neither Prudential Financial, Inc. nor Assurance IQ issues, underwrites, or administers health plans or health insurance policies. 0000046879 00000 n
The Segment Rate of Return for a Choice Segment may be less than the Segment Rate of Return for a Standard Segment based on the same index, Segment Buffer and Segment Duration.
Mix and match indices, crediting strategies, and index term options to create a customized strategy that helps meet your clients needs. An allocation to the index options is not a purchase of shares of any stock or index fund or a direct . May 18, 2020 8:00AM EDT. 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. Buffer. %PDF-1.7
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NEWARK, N.J. -- (BUSINESS WIRE)-- Prudential Financial, Inc. ( NYSE: PRU ), launched FlexGuard today, the company's first indexed variable annuity product, designed . If the Index Return is negative, but less than or equal to the Buffer, the Index Credit is zero. CDs are FDIC-insured up to $250,000 per fi nancial institution, and there may be a penalty for early withdrawal. Announces 2022 Results. 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 . 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. By using this website, you agree that you have read and agree to our Terms and Conditions. 2023 Prudential Financial, Inc. and its related entities. You will not receive a written financial plan or investment recommendations as part of the no cost consultation. Prudential Financial, Inc. whos symbol of the Rock of Gibraltar, has been keeping its promises since 1875. 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.. Prudential Defined Income Variable Annuity Product Specifics: Minimum age for initial purchase: 45 Maximum age for initial purchase: 85 Minimum initial purchase payment: $25,000 Prudential stated fee: 1.9% True all in fee: 2.73-3.43% Website: www.annuities.prudential.com/investor Prudential Defined Income Variable Annuity Fees: 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. FlexGuard Life performs exactly in that way, prioritizing protection, growth and access.. 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. Or download ourclient-approved brochure PDF opens in new window, product prospectus opens in new window and rate sheet PDF Opens in New Window to share with clients and help educate them about FlexGuard - NY. +1 201-835-4872
(See Important Information Disclosure Statement for additional information about MVAs.) For complete information about the annuity, please refer to the PruSecure Important Information Disclosure Statement PDF opens in a new window. Use our income modeling tool Current Index Strategy Rates and Caps Current Income Percentages and Deferral Rates CT disclosure Use up and down arrow keys to navigate. Please reference the prospectus for information about the levels of protection available and other important product information. Use up and down arrow keys to navigate. Please refer to the current rate sheet. Sales of fixed annuities increased to . } 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. font-weight: bold; .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. 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. }*/, 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.*. Call an annuity specialist at 888-311-4889 (option 2) to learn more. Each subsidiary is responsible for its own financial condition and contractual obligations. 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. It can be customized based on a client's retirement goals and adjusted as their needs change. Prudentials A.M.Best rating is a A+ along with comdex score of 95. /*.RIANavBar ul, .RIANavBar li{ S&P chooses the member companies for the 500 based on market size, liquidity and industry group representation. . 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 have worked hard for their money and want to protect and grow it for the future. *The 5-year index term can only be elected at contract issue and cannot be renewed. Fortitude Re is the marketing name for FGH Parent, L.P. and its subsidiaries, including FLIAC. But why should they have to sacrifice one for the other? 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. All products and/or options may not be available in all states or with all broker/dealers. 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.