based on your individual retirement needs and change themes those needs evolve. Subsequent rates and Tier Levels may differ from the rates and Tier Levels used for new contracts or for other contracts issued at different times. Withdrawals taken during the surrender charge period, excluding any Required Minimum Distributions (RMDs), will be subject to any applicable surrender charges and a Market Value Adjustment (MVA). The oldest international stock index, it is the most common benchmark in the U.S. for foreign stock funds. This website is for U.S. persons Opens in a new window only and may not be approved in all states. If the Index Return is negative, but less than or equal to the Buffer, the Index Credit is zero. S&P 500 Index is a market capitalization-weighted index of the 500 widely held stocks often used as a proxy for the stock market. 0000017237 00000 n Clients seeking information regarding their particular investment needs should contact a financial professional. Each company (PICA, PLAZ, PLNJ, FLIAC, PAD) is solely responsible for its own financial condition and contractual obligations. 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. For more information about FlexGuard Life, visit: prudential.com/landing/indexed-variable-universal-life-insurance. The information is not intended as investment advice and is not a recommendation about managing or investing your retirement savings. border-right: 10px solid transparent; Step Rate Plus Index Strategy Index underperforms the Step Rate: Fortitude Re has retained PICA as an unaffiliated Third-Party Administrator. June 4, 2022; By ; sterile processing technician jobs; prudential flexguard rate sheet . +1 973-802-8969 Please consult with your tax and legal advisors regarding your personal circumstances. Each subsidiary is responsible for its own financial condition and contractual obligations. I hope you found this look informative and found value in your time. Aloha! display: block; 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. 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. for Prudential Investment Management Services, LLC. .RIANavBar { 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 . %PDF-1.7 % 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. 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. 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 . Pruco Life Insurance Company, an Arizona company - California COA # 3637. Fixed indexed annuitiesare not FDIC-insured and have limitations and surrender charges. The experience has also seen over 400 users click through to the FlexGuard Modeling Tool. Withdrawals or surrenders may be subject to contingent deferred sales charges. Salene Hitchcock-Gear President of Individual Life Insurance, Prudential (Photo: Business Wire). A Stable Value Fund First Quarter 2022 Fund Fact Sheet - Page 3 qualified professional. In providing this information, neither Prudential nor any of its affiliates or financial professionals is acting as your ERISA fiduciary. This is an independent product review, not a recommendation to buy or sell an annuity. All guarantees and benefits of the insurance policy are backed by the credit worthiness and claims-paying claims-paying ability of Pruco Life Insurance Company and do not apply to the underlying investment options. If the Index Return is negative, but less than or equal to the Buffer, the Index Credit is zero. All guarantees, including any optional benefits, are subject to the claims-paying ability and financial strength of the issuing insurance company. Early withdrawals may result in a loss in addition to applicable surrender charges. startxref 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. 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. Any growth is based on the index return. 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. 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. The Performance Lock Value, which is different than the Interim Value, is adjusted for any withdrawals or reallocations that occur prior to 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). Please use one of the browsers below or contact your IT department regarding approved options. Prudential Financial 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 M&G plc, a company incorporated in the United Kingdom. FlexGuard Income is initially available through Prudential Advisors financial professionals and will expand to additional, third-party broker dealers in fall 2021. Copyright 2019-2023 Annuity Look 1-800-325-1833, Annuity Company Issuer Review: Prudential Financial. margin: 20px 0; Participation Rates cannot be less than 100%. 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. 0000046879 00000 n 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. Performance Locks are as of close of business on the day the automatic target was met or the manual lock in is requested. This website is for U.S. persons Opens in a new window only and may not be approved in all states. 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. Copywriter: Susanne Bassmann 2023 Prudential Financial, Inc. and its related entities. A copy of the prospectuses may be obtained from prudential.com or your financial professional. FlexGuard Income is a retirement product that you and your financial professional can customize based on your unique needs. The Cap Rate is the maximum rate that may be credited to this strategy. 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. Not for Consumer Use. Annuities are one of the few strategies that can accomplish both secured growth and guaranteed income. The Performance Lock Value is calculated daily and once locked,will not fluctuate for the remainder of the current Index Strategy Term, unless a withdrawal or a reallocation were to occur, and will be as of the Performance Lock Date. 0000008198 00000 n .RIANavBar li { On each Index Anniversary Date, you may reallocate any Index Strategy that has reached the end of the Index Term or allocate money into new Index Strategies. These advisors currently offer only insurance products issued by PICA and its affiliates (Prudential companies). Some of the products and services discussed on the Stages site are in development and may not be currently available. 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. Because this a tax qualified annuity gains are tax deferred until income/money is taken out of the annuity. Insurance and/or annuities are issued by The Prudential Insurance Company of America, Pruco Life Insurance Company (except in NY and/or NJ), Pruco Life Insurance Company of New Jersey (in NY and/or NJ), and Prudential Annuities Life Assurance Corporation (PALAC). content: ""; 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. padding: 0; Prudential FlexGuard income indexed variable annuity . .RIANavActive a:after, This website is for U.S. persons Opens in a new window only and may not be approved in all states. opens in new window. across well-known indices. If you qualify, please, A retirement strategy as individual as you are. 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. Comprehensive financial planning offered through the Stages channel is more limited in scope than comprehensive financial planning offered through the Prudential Advisors distribution channel. .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. FlexGuard - NY and all its features may not be approved in allbroker-dealers. Variable investment options are available but do not offer protection levels. The buffer is the amount the Account Value is protected in the case of a negative index return. It is possible to lose money by investing in securities. 0000009917 00000 n 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. .RIANavBar a { 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. The Prudential Insurance Company of America - California COA # 1179. 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. 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. Portfolio Allocation The pie chart illustrates how investment . xref If you would like information about your particular investment needs, please contact a financial professional. 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. Please refer to the current rate sheet and prospectus for more information. 0000019833 00000 n Sales of fixed annuities increased to . Clients seeking information regarding their particular investment needs should contact a financial professional. Use up and down arrow keys to navigate. Please consult with your tax and legal advisors regarding your personal circumstances. 0000011036 00000 n 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. 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. 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. References to FLIAC shall be deemed to be references to PALAC in the jurisdictions where the name change is not yet effective. 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. Each subsidiary is responsible for its own financial condition and contractual obligations. 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. Please consult with your tax and legal advisors regarding your personal circumstances. The information is not intended as investment advice and is not a recommendation about managing or investing your retirement savings. 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. PCS is not a licensed insurance agency or broker. Announces 2022 Results. Each index strategy determines how your money can grow and calculates the interest you can earn differently. 1-Year Term 3-Year Term 1-Year Term (Step Rate) 1-Year Term (Fixed Account) Get started today. 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).. * "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. 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. You should consider the investment objectives, risks, and charges and expenses carefully before investing in the contract and/or underlying portfolios. 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. For additional important information about the products, services and companies that make them available, please click here Opens in a new window.*. 0000030064 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, where such use would be prohibited or otherwise regulated. Investment advisory products and services are made available through Pruco, a registered investment adviser. FlexGuard - NY offers an innovative index crediting strategyunique to Prudential, with access to variable investment options. It is possible to lose money by investing in securities. The Performance Value will not fluctuate for the remainder of the existing index strategy term unless there is a withdrawal or reallocation. FlexGuard - NY is issued by Pruco Life Insurance Company. Our new website has recently launched with features that may not be fully supported by your current browser. This is an independent review for you to see the pros and cons of this particular annuity. Clients seeking information regarding their particular investment needs should contact a financial professional. Levels of downside protection are available on index-crediting strategies only. 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. Prudential Financial, its affiliates, and their financial professionals do not render tax or legal advice. It affords them access to cash values when needed, providing the unique opportunity to leave a legacy while also expanding access to living benefits. 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. 1 Prudential and its affiliates are not liable for use of the Stages platform. +1 201-835-4872 It is not possible to invest directly in an index. This area is reserved for members of the news media. ** The websites referenced above are not endorsed or supported by any of the Prudential Financial companies. Dividend Yield % explanation, calculation, historical data and more Alternatively, clients may allocate 100% of their initial Purchase Payment to the Variable Subaccounts.