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. 0000046767 00000 n /*background-color: #07639d;*/ This is a hypothetical example for illustrative purposes only. Receive alerts on new stories, articles, and more by subscribing to one or more RSS Feeds. border-left: 10px solid transparent; Check out the current rate sheet. Buffers and floors cannot change for a contract after they are established. If the Index Return is negative, but less than or equal to the Buffer, the Index Credit is zero. .RIANavActive a:after, For more information, please visit news.prudential.com. This website is for U.S. persons Opens in a new window only and may not be approved in all states. 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. There is risk of loss of principal if negative index returns exceed the selected protection level. Targets are not available for strategies with a 100% buffer option or the Step Rate Plus Crediting Strategy. 0000008048 00000 n 528 0 obj <> endobj FlexGuards three index strategies include a cap rate strategy, which allows you to earn interest on any index growth up to a defined limit, called a cap; as well as two index. Any withdrawal taken during an index term will not be eligible to receive interest at the end of the index term. When the time comes for your clients to use the benefits that are offered by an annuity, it is important to remember that all guarantees including the optional benefits are backed by the claims-paying ability of the issuing company. 0000005769 00000 n PruSecure offers two different ways for your clients to potentially grow their money: an index-based strategy and a xed rate strategy. As you help your clients plan for a more secure tomorrow, you'll want to work with a company you know and trust. But why should they have to sacrifice one for the other? Are you a licensed financial professional? 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. The experience has also seen over 400 users click through to the FlexGuard Modeling Tool. This product will issue daily. A surrender charge, or Contingent Deferred Sales Charge (CDSC), may apply in the event of an early withdrawal from the annuity. The selections you choose together with your clients are all dependent on their investment goals and their risk tolerance. Subject: Announcing Prudential FlexGuard indexed variable annuity Prudential FlexGuard indexed variable annuity available on or about May 18, 2020 Dear Valued Partner, . Group Insurance coverages are issued by The Prudential Insurance Company of America, a Prudential Financial company, Newark, NJ. Minimum Renewal Cap Rate, Participation Rate & Fixed Rate. 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. 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. The more loss protection or buffer you select, the less upside gain from the index you will receive. PruSecure is issued byPruco Life Insurance Company and oers clients these distinct advantages when compared with other fixed indexed annuities: For over 145years, Prudential's Rock symbol has been an icon for nancial strength and stability. 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. Prudential and its affiliates are not liable for use of the Stages platform. By using this website, you agree that you have read and agree to our Terms and Conditions. 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 . Gains or losses are assessed at the end of each index. Prudentials iconic Rock symbol has stood for strength, stability, expertise, and innovation for more than a century. Investors like you doing research on annuities to combat the above concerns are finding it more difficult with all the different types of annuities like hybrid annuities, equity-linked annuities, buffer annuities, fixed index annuities (FIA), and variable annuities. The best selling retirement annuity of 2021 is the registered index-linked annuity (RILA), the $17.4 billion market for structured variable annuities also sometimes referred to as a variable indexed annuity, structured variable annuity, buffer annuity, or a structured annuity is essentially a blend of the best part of a variable annuity and limited downside protection of a fixed indexed annuity (FIA).. FlexGuard - NY and all product features are not approved for use in all states or through all broker-dealers. left: 50%; Transfers from the Index Strategy(ies) to the Variable Subaccounts are not allowed at any time. 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. padding: 15px 0 15px 0; 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. This link has sublinks - To access press Enter. 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. For example, if a RILA or buffer annuity has selected the optional 20% S&P 500 index protection against a market loss over one year period, an investors account would lose only 8% of its value if the market dropped by 28% in that given year because of the buffer annuity protects the first 20% loss from the market. Please consult with your tax and legal advisors regarding your personal circumstances. The Prudential Life Insurance Company of America Newark, NJ. Choose one or a combination of them. marisa.amador@prudential.com, Amid market volatility, Prudentials innovative investment strategy meets increased need for asset protection. FlexGuard Income is a retirement product that you and your financial professional can customize based on your unique needs. Neither Bloomberg nor UBS guarantees the timeliness, accurateness, or completeness of any data or information relating to Bloomberg Commodity IndexSM. Please use one of the browsers below or contact your IT department regarding approved options. Clients seeking information regarding their particular investment needs should contact a financial professional. 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. Variable investment options are available but do not offer protection levels. 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. This area is reserved for members of the news media. /*.RIANavBar ul, .RIANavBar li{ Alternatively, clients may allocate 100% of their initial Purchase Payment to the Variable Subaccounts. The Cap Rate is the maximum rate that may be credited to this strategy. Neither Prudential Financial, Inc. nor Assurance IQ issues, underwrites, or administers health plans or health insurance policies. 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. They are options held on the indexes at the annuity carriers investment department. Most indexes described above will NOT include the dividends which historically represent some returns in the case of the S&P 500 index. 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. If they need more than the Free Withdrawal Amount or want to take a withdrawal in the first year, they can withdraw as much of the account value as they need, but keep in mind that surrender charges and a Market Value Adjustment (MVA) will apply. Fortitude Re and the Fortitude Re logo are service marks of Fortitude Group Holdings, LLC and its affiliates. Each index strategy determines how your money can grow and calculates the interest you can earn differently. 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. The S&P 500 Index is a product of S&P Dow Jones Indices LLC ("SPDJI"), and has been licensed for use by Pruco Life Insurance Company of New Jersey. <]/Prev 624911/XRefStm 1346>> Lets get to it. Dividend Yield % explanation, calculation, historical data and more 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. Copywriter: Susanne Bassmann "Prudential Advisors" is a brand name of The Prudential Insurance Company of America and its subsidiaries. FlexGuard Life performs exactly in that way, prioritizing protection, growth and access.. Otherwise, the Index Credit is equal to the negative Index Return in excess of the Buffer. 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. border-bottom: 10px solid #002247; Receiving benefits under the terms of an accelerated death benefit rider for chronic or terminal illness will reduce and may eliminate the death benefit. Actual cap rates and participation ratesmay be higher or lower. 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. 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. 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. Fortitude Re is the marketing name for FGH Parent, L.P. and its subsidiaries, including FLIAC. It is not possible to invest directly in an index. 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. If you would like information about your particular investment needs, please contact a financial professional. 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. Index lossesthat exceed the buffer will result in a loss of Account Value. Today the Prudential fee amounts to 1.9% but a few years down the line you may be paying 2.6%! Bloomberg is not affiliated with Pruco Life Insurance Company nor approves, endorses, reviews or recommends PruSecure. .RIANavActive a:before { Please reference the prospectus for information about the levels of protection available and other important product information. } Clients' money is not actually invested in any index, but may earn interest based on the indexs performance: In this example, the cap rate is 4%, and the participation rate is 30%. 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. A Stable Value Fund First Quarter 2022 Fund Fact Sheet - Page 3 qualified professional. 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. 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.