prudential flexguard 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 . Bloomberg Commodity IndexSM: "Bloomberg" and "Bloomberg Commodity IndexSM" are service marks of Bloomberg Finance L.P. and its affiliates (collectively, "Bloomberg") and have been licensed for use for certain purposes by Pruco Life Insurance Company. How life can change 'in a split second' A Prudential employee shares her story to help others realize the importance of life insurance. In a rising interest rate environment, increases in caps if any, may be substantially slower than increases in interest rates. Also, its important to note that if they take a withdrawal or annuitize the contract, taxes will apply. Subject: Announcing Prudential FlexGuard indexed variable annuity Prudential FlexGuard indexed variable annuity available on or about May 18, 2020 Dear Valued Partner, . 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. This website is for U.S. persons only and may not be approved in all states. 0000030064 00000 n 5 years: 9%, 9%, 8%, 7%, 6% (California: 8.25%, 8%, 7.75%, 7%, 6%) 7 years: 9%, 9%, 8%, 7%, 6%, 5%, 4% (California: 8.25%, 8%, 7.75%, 7%, 6%, 5%, 4%) Rates will vary based on the surrender charge period chosen. Prudential Financial, Inc. whos symbol of the Rock of Gibraltar, has been keeping its promises since 1875. A fixed indexed annuity (FIA) is a tax-deferred financial tool designed for the long term. Annuities are one of the few strategies that can accomplish both secured growth and guaranteed income. This is a hypothetical example for illustrative purposes only. margin: 0; Any allocations to the Index Strategies must occur on an Index Anniversary. 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. At least characters must be typed in the search field in order to perform the search, PruSecure Fixed Indexed Annuity At-A-Glance. Early withdrawals may result in a loss in addition to applicable surrender charges. 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. 0000046879 00000 n For more information about FlexGuard Life, visit: prudential.com/landing/indexed-variable-universal-life-insurance. 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. Otherwise, theIndex Credit is equal to the negative Index Return in excess of the Buffer. Partner with us, and well invest in you. See current PruSecure Select rate sheetPDF opens in a new window, Index-Based Strategy with Point-to-Point Crediting with Cap Rate. A copy of the prospectuses may be obtained from prudential.com or your financial professional. position: absolute; 0000061397 00000 n Certain indicesassociated with Index Strategies may be subject to an underlying fee or reduction. Date Monday, April 20, 2020 2:00 PM Subject: Announcing Prudential Please reference the prospectus for information about the levels of protection available and other important product information. .RIANavActive a { FlexGuard indexed variable annuity | Prudential Financial Term: The number of years that the Shield Option is in effect. 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. Are you a licensed financial professional? Marketing and training materials contained on these websites need to be approved by the Prudential Retirement Strategies Marketing Compliance Unit prior to use. 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. "Prudential Advisors" is a brand name of The Prudential Insurance Company of America and its subsidiaries. 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. Not all term and buffer options are available for each index crediting strategy. A variable annuity offers a unique combination of features, including market participation through a variety of investment options; tax-deferred growth opportunities; and optional protection benefits that can provide certain accumulation, income, and beneficiary guarantees for an additional cost. 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. This link has sublinks - To access press Enter. Prudentials diverse and talented employees help make lives better by creating financial opportunity for more people by expanding access to investing, insurance, and retirement security. Our Certified Financial Planner professional (CFP) will answer your questions FREE within 24 hours. Prudentials A.M.Best rating is a A+ along with comdex score of 95. Investing in FlexGuard Lifes Index Strategies does not represent a direct investment in an index. border-right: 10px solid transparent; There is risk of loss of principal if negative index returns exceed the selected protection level. Contact your wholesaler today and have our team of experts and resources work for you. 0000014746 00000 n Fortitude Re is the marketing name for FGH Parent, L.P. and its subsidiaries, including FLIAC. 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. 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. The Initial Term (s) begin on the Issue Date. 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. 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). Surrender charges/fees and periods for this annuity are the typical of most commissionable annuities. 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. Low-risk investments today offer little growth opportunity, while investing in the stock market can be risky. 2023 Prudential Financial, Inc. and its related entities. With an FIA, your clients money is not actually invested in any index, but rather may earn interest based on the indexs performance. .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. Comprehensive financial planning offered through the Stages channel is more limited in scope than comprehensive financial planning offered through the Prudential Advisors distribution channel. 0000008048 00000 n 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. A floor offers 100% downside protection in the event of a market loss. Prudential FlexGuard Life is issued by Pruco Life Insurance Company and offered through Pruco Securities, LLC (member SIPC). 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 and Variable Life Insurance are distributed by Prudential Annuities Distributors, Inc. (PAD), Shelton, CT (main office). An allocation to the index options is not a purchase of shares of any stock or index fund or a direct . Other proprietary Fortitude Re marks may be designated as such through the use of the SM or symbols. The Disclosure Statement contains a more detailed description of the limited relationship MSCI has with Pruco Life Insurance Company and any related annuity contracts. Prudential FlexGuard is an indexed variable annuity designed for clients looking for a level of protection and innovative growth opportunities for their retirement savings. } 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. With FlexGuard - NYs Cap Rate index strategy, clients receive any positive index growth up to an upper limit (called a cap). Our new website has recently launched with features that may not be fully supported by your current browser. Annuity Rates | Prudential Financial The fund's sponsor has no legal obligation to provide financial support to the fund, and you should not expect that the sponsor will provide financial support to the fund at any time. 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. Please use one of the browsers below or contact your IT department regarding approved options. Top-Selling Annuity Contracts, First Qtr 2021 which may help limit loss in down markets, partially shielding your account in the case ofa negative index return. Clients have worked hard for their money and want to protect and grow it for the future. 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. The floor is always 0%. The oldest international stock index, it is the most common benchmark in the U.S. for foreign stock funds. Contact your wholesaler today and have our team of experts and resources work for you. Step Rate Plus Index Strategy Underperform: padding: 15px 0 15px 0; only and may not be approved in all states. Variable investment options are available but do not offer protection levels. 0000005806 00000 n MSCI EAFE Index: The annuity contract referred to herein is not sponsored, promoted or endorsed by MSCI, and MSCI bears no liability with respect to any such annuity contract or any index referred to by any such annuity contract. Prudential Financial, Inc. * "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. 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. 1 Some of the products and services discussed on the Stages site are in development and may not be currently available. 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. 0000011656 00000 n FlexGuard Income is initially available through Prudential Advisors financial professionals and will expand to additional, third-party broker dealers in fall 2021. All names, marks, and materials used for this review are the property of their respective owners. During this period, if they withdraw any or all of the money from the annuity, surrender charges and a Market Value Adjustment will apply. Please consult with your tax and legal advisors regarding your personal circumstances. Your clients should consult a tax advisor for more information. MSCI EAFE Index: The annuity contract referred to herein is not sponsored, promoted or endorsed by MSCI, and MSCI bears no liability with respect to any such annuity contract or any index referred to by any such annuity contract. Gains or losses are assessed at the end of each index. Compliance NumberTemplate: 1000797-00012-00, At least characters must be typed in the search field in order to perform the search. Caps, Precision Rates, and DPSCs for a 1-year term cannot be less than 1.50%. Allianz Life Insurance Company Review - My Annuity Store, Inc. 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. Available Buffers, which may vary by Index Strategy, are 10%, 15%, and 20%. Annuity Prospectuses & Supplements | Prudential Financial 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. 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. 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. Buffer. By using this website, you agree that you have read and agree to our Terms and Conditions. Pruco Life Insurance Company, an Arizona company - California COA # 3637. But why should they have to sacrifice one for the other? Both are Prudential Financial companies located in Newark, NJ. One of the most valuable aspects of FlexGuard is its potential to cushion your account against loss. With FlexGuards index strategies, you can select a level of protection, called a buffer. 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. 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. display: block; Participation Rates cannot be less than 100%. These advisors currently offer only insurance products issued by PICA and its affiliates (Prudential companies). If you qualify, please, A retirement strategy as individual as you are. 0000024403 00000 n Access to policy cash values is through loans and withdrawals. The stock price is. FlexGuard - NY is issued byPruco Life Insurance Company. Each subsidiary is responsible for its own financial condition and contractual obligations. .RIANavActive a:before { 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. Use our income modeling tool Current Index Strategy Rates and Caps Current Income Percentages and Deferral Rates CT disclosure

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