"Prudential Advisors" is a brand name of The Prudential Insurance Company of America and its subsidiaries. Growth opportunities with added ability to lock in performance. border-bottom: 10px solid #002247; Clients seeking information regarding their particular investment needs should contact a financial professional. 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. Use up and down arrow keys to navigate. 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 . Compliance NumberTemplate: 1000797-00012-00, At least characters must be typed in the search field in order to perform the search. 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. margin: 0; .RIANavActive a { 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. 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. 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. CDs are FDIC-insured up to $250,000 per fi nancial institution, and there may be a penalty for early withdrawal. 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. 0000005742 00000 n Launched in May 2020, it features index strategies with buffers that can help limit market losses while providing investors the opportunity for asset growth. . 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. It affords them access to cash values when needed, providing the unique opportunity to leave a legacy while also expanding access to living benefits. As you help your clients plan for a more secure tomorrow, you'll want to work with a company you know and trust. 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 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. 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. 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. Allianz Life Insurance Company was #1 in U.S. } For Compliance Use Only: 1003626-00008-00. This is a hypothetical example for illustrative purposes only. References to FLIAC shall be deemed to be references to PALAC in the jurisdictions where the name change is not yet effective. Gains or losses are assessed at the end of each index. 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. padding: 0; If the index increased by 20% which is greater than the cap rate of 4% the interest credited would be 4%. Minimum Renewal Cap Rate, Participation Rate & Fixed Rate. Although the Portfolio seeks to preserve the value of your investment at $10.00 per share, it is possible to lose money by investing in the Portfolio. 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. } Rates are subject to change at any time. } Targets are not available for strategies with a 100% buffer option or the Step Rate Plus Crediting Strategy. One crediting strategy point to point makes it easier for you to explain and clients to understand. Prudential's book value per share also increased slightly in the quarter to $167 per share, which means it has growing shareholder equity to cover losses, even in a pandemic. Fortitude Re is the marketing name for FGH Parent, L.P. and its subsidiaries, including FLIAC. It's up to you to determine if a fixed indexed annuity is suitable for your clients. 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. This website is for U.S. persons Opens in a new window only and may not be approved in all states. 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. As our customers needs continue to evolve, were working to provide them with new ways to achieve financial security, including offerings that help to diversify their cash values and realize more benefits from their policies, says Salene Hitchcock-Gear, president of Individual Life Insurance at Prudential. 0000030460 00000 n Contact your wholesaler today and have our team of experts and resources work for you. 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. 0000013916 00000 n Asset allocation and rebalancing do not ensure a profit or guarantee against loss. Fortitude Re has retained PICA as an unaffiliated Third-Party Administrator. Prudential LINK and LINK by Prudential occasionally may be referred to as LINK. * FlexGuard index strategies help clients: FOR FINANCIAL PROFESSIONAL USE ONLY. Pruco Life Prudential FlexGuard Indexed VA. Prudential came to the structured annuity market in early 2020, 10 years after the birth of this category. Unique to Prudential, FlexGuard - NYs 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. Each company (PICA, PLAZ, PLNJ, FLIAC, PAD) is solely responsible for its own financial condition and contractual obligations. 0000009917 00000 n Variable investment options are offered with this product; however, are not included for illustration purposes and do not offer downside protection. 0000030064 00000 n But why should they have to sacrifice one for the other? The buffer is the amount the Account Value is protected in the case of a negative index return. Unlike standard death benefits that provide only the greater of premiums paid or current account value, if your client passes away during their index term, their beneficiaries will also receive a portion of any index growth up to that point. border-right: 10px solid transparent; Variable investment options are available but do not offer protection levels. Bloomberg Commodity Index reflects changes in a broad range of commodity futures prices, from crude oil and coffee to gold and cattle. The more loss protection or buffer you select, the less upside gain from the index you will receive. Other proprietary Fortitude Re marks may be designated as such through the use of the SM or symbols. Prudential will not provide advice or notify clients regarding whether theyshould exercise a Performance Lock or the optimal time for doing so. Investment advisory products and services are made available through Pruco, a registered investment adviser. 0000018563 00000 n Index Advantage Income provides multiple index options, which are the combination of a crediting method, also called an index strategy, the index, the time period for measuring Index Performance (term), and a 10% or 20% buffer or a -10% floor. References to FLIAC shall be deemed to be references to PALAC in the jurisdictions where the name change is not yet effective. 0000000016 00000 n Prudential Financial was founded by soon to be US senator John Dryden in 1875 with its one product of burial insurance. 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. 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. The tax treatment will differ depending on whether they purchased the annuity with pre-tax (qualified) or after-tax (non-qualified) dollars. See current PruSecure rate sheet Call 833-813-2444 to register or Sign in PruSecure offers clients: Guaranteed Protection Their original premium payment and all growth are fully protected against market loss Growth Opportunity Their money can grow based on the performance of a market index or crediting strategy of their choice The floor is always 0%. .RIANavBar ul { Salene Hitchcock-Gear President of Individual Life Insurance, Prudential (Photo: Business Wire). margin: auto; 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 . Call an annuity specialist at 888-311-4889 (option 2) to learn more. Neither Bloomberg nor UBS guarantees the timeliness, accurateness, or completeness of any data or information relating to Bloomberg Commodity IndexSM. FLIAC is in the process of changing its name from Prudential Annuities Life Assurance Corporation (PALAC) in certain jurisdictions. 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. 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. An investment in the PSF PGIM Government Money Market Portfolio is neither insured nor guaranteed by the Federal Deposit Insurance Corporation or any other government agency. Dow Jones U.S. Real Estate Index is designed to track the performance of Real Estate Investment Trusts (REITs) and other companies that invest directly or indirectly in real estate through development, management, or ownership, including property agencies. Comprehensive financial planning offered through the Stages channel is more limited in scope than comprehensive financial planning offered through the Prudential Advisors distribution channel. } The solution is customizable and can be adjusted based on changing needs, giving consumers the opportunity to take control over their future. However, transfers among Variable Subaccounts may occur at any time. The Prudential FlexGuard indexed variable annuity to which this disclosure applies (the "Product") has been developed solely by . We have also seen a high click-through to the FlexGuard Rate Sheet. By using this website, you agree that you have read and agree to our Terms and Conditions. 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. All names, marks, and materials used for this review are the property of their respective owners. 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. 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. 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. Certain indicesassociated with Index Strategies may be subject to an underlying fee or reduction. Please consult with your tax and legal advisors regarding your personal circumstances. Marketing and training materials contained on these websites need to be approved by the Prudential Retirement Strategies Marketing Compliance Unit prior to use. Year 1: No free withdrawals allowed in the first contract year, unless taken as a Required Minimum Distribution (RMD) that Prudential calculates. Allocations among variable investment options can happen at any time. border-bottom: 10px solid #ccc; Standard & Poor's and S&P are registered trademarks of Standard & Poor's Financial Services LLC, a division of S&P Global ("S&P"); Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC ("Dow Jones"). NEWARK, N.J. -- (BUSINESS WIRE)-- Prudential Financial, Inc. ( NYSE: PRU ), launched FlexGuard today, the company's first indexed variable annuity product, designed . list-style-type: none; These advisors currently offer only insurance products issued by PICA and its affiliates (Prudential companies). Prudential Financial Inc. (NYSE: PRU), today launched FlexGuard Income, a new indexed variable annuity that provides customers with investment strate It offers you lifetime income with levels of protection and growth potentialbefore and after you start income. border-left: 10px solid transparent; MEDIA CONTACTS You should consider the investment objectives, risks, and charges and expenses carefully before investing in the contract and/or underlying portfolios. -webkit-transform: translate(-50%, -50%); The Interim Value does not apply to an Index Strategy on the Index Strategy Start Date and the Index Strategy End Date. 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. 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. 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%. 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. 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. 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. 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. Prudential Financial, Inc. whos symbol of the Rock of Gibraltar, has been keeping its promises since 1875. Not all term and buffer options are available for each index crediting strategy. The client'smoney is not actually invested in any index, but may earn interest credits based on the indexs performance. [email protected], Amid market volatility, Prudentials innovative investment strategy meets increased need for asset protection. Any withdrawal taken during an index term will not be eligible to receive interest at the end of the index term. If youre considering this annuity and have additional questions, feel free contact us via oursecure contact form. This is an independent review for you to see the pros and cons of this particular annuity. Prudential Financial, Inc. Each subsidiary is responsible for its own financial condition and contractual obligations. The customer will have the option to allocate their premium to one or more indices listed below: The customer will have the option to allocate to one, some, or all the Index Strategies listed below: Negative Index Return is protected from loss within the Buffer associated with the selected Index Strategy. 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 issuing insurance company is solely responsible for its own financial condition and contractual obligations. Prudentials iconic Rock symbol has stood for strength, stability, expertise, and innovation for more than a century. A copy of the prospectuses may be obtained from prudential.com or your financial professional. It is not possible to invest directly in an index. 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. The Prudential Insurance Company of America - California COA # 1179. 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. Please refer to the current rate sheet. Some of the products and services discussed on the Stages site are in development and may not be currently available. Typically, the longer the surrender charge period, the higher the fixed rates and index-based cap rates and participation rates. If they make a full withdrawal of the annuity, they will receive the greater of the account value (minus any surrender charges and adjusted by any applicable MVA) and the Minimum Guaranteed Surrender Value. Prudential Annuities does not provide investment advice. Some of the products and services discussed on the Stages site are in development and may not be currently available. Clients seeking information regarding their particular investment needs should contact a financial professional. Receive alerts on new stories, articles, and more by subscribing to one or more RSS Feeds. With the help of the buffer, your risk of loss could be lessened. The content on this page is for Financial Professional use only. You should read the prospectuses carefully before investing. 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. 0000015975 00000 n Interest credited with the participation rate would be 30% of 3%, which is equal to 0.90%. 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. FlexGuard Income is a retirement product that you and your financial professional can customize based on your unique needs. Choose one or a combination of them. It offers a level of protection for your clients money against loss with the opportunity for it to grow based on the performance of a specific market index, or combination of indices. 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 . } 0000001036 00000 n Please use one of the browsers below or contact your IT department regarding approved options. 1 Any allocations to the Index Strategies must occur on an Index Anniversary. The Prudential Life Insurance Company of America Newark, NJ. Use up and down arrow keys to navigate. bottom: -20px Group Insurance coverages are issued by The Prudential Insurance Company of America, a Prudential Financial company, Newark, NJ. %PDF-1.7 % See current PruSecure rate sheet PDF Opens in a New Window, Call 833-813-2444 to register or Sign in, Their original premium payment and all growth are fully protected against market loss, Their money can grow based on the performance of a market index or crediting strategy of their choice, If they pass away during their index period, their beneficiaries get a portion of any index growth up to that point, They pay no taxes on any growth until they make a withdrawal.
