Gains or losses are assessed at the end of each term. *The 5-year index term can only be elected at contract issue and cannot be renewed. Featured News Stories. Subsequent Rates may differ from the Rates used for new contracts or for other contracts issued at different times, Certain securities products and services are offered through Pruco Securities, LLC and Prudential Investment Management Services, LLC, both members. Clients seeking information regarding their particular investment needs should contact a financial professional. Please reference the prospectus for information about the levels of protection available and other important product information. Unfortunately, that didnt rule holding agent up to a higher standard, as a fiduciary, did not pass. The more loss protection or buffer you select, the less upside gain from the index you will receive. Furthermore, the underlying mutual fund fee is 0.83%. Contact your wholesaler today and have our team of experts and resources work for you. 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. Investment advisory products and services are made available through Pruco, a registered investment adviser. Prudential Financial was founded by soon to be US senator John Dryden in 1875 with its one product of burial 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. However, transfers among Variable Subaccounts may occur at any time. 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. Each company (PICA, PLAZ, PLNJ, FLIAC, PAD) is solely responsible for its own financial condition and contractual obligations. Bloomberg or Bloomberg's licensors, own all proprietary rights in the Bloomberg Indices. 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. It is possible to lose money by investing in securities. content: ""; But why should they have to sacrifice one for the other? +1 201-835-4872 Fortitude Re has retained PICA as an unaffiliated Third-Party Administrator. Variable Annuities and Variable Life Insurance are distributed by Prudential Annuities Distributors, Inc. (PAD), Shelton, CT (main office). Subject: Announcing Prudential FlexGuard indexed variable annuity Prudential FlexGuard indexed variable annuity available on or about May 18, 2020 Dear Valued Partner, . Neither Bloomberg nor UBS guarantees the timeliness, accurateness, or completeness of any data or information relating to Bloomberg Commodity IndexSM. In providing this information, neither Prudential nor any of its affiliates or financial professionals is acting as your ERISA fiduciary. 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. 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. Fortitude Re and the Fortitude Re logo are service marks of Fortitude Group Holdings, LLC and its affiliates. Early withdrawals may result in a loss in addition to applicable surrender charges. 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. 0000011656 00000 n Investing in securities involves risk, and there is always the potential of losing money. Servicing the retirement income planning market has grown in popularity as baby boomers and retirees search for options to protect against market volatility and secure lifetime income. Annuities are one of the few strategies that can accomplish both secured growth and guaranteed income. In a rising interest rate environment, increases in caps if any, may be substantially slower than increases in interest rates. The Cap Rate is the maximum rate that may be credited to this strategy. The information is not intended as investment advice and is not a recommendation about managing or investing a clients retirement savings. Each company (PICA, PLAZ, PLNJ, FLIAC, PAD) is solely responsible for its own financial condition and contractual obligations. 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. It offers you lifetime income with levels of protection and growth potentialbefore and after you start income. .id-Z7_G802HJS0M0B280QQVMVG6OP8R2 .ibmPortalControl .module { Prudential Financial, its affiliates, and their financial professionals do not render tax or legal advice. 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. 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. 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). 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. By using this website, you agree that you have read and agree to our Terms and Conditions. The Prudential Life Insurance Company of America Newark, NJ. <]/Prev 624911/XRefStm 1346>> 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. The content on this page is for Financial Professional use only. 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. Change of Ownership terminates the Return of Purchase Payments death benefit. FLIAC is in the process of changing its name from Prudential Annuities Life Assurance Corporation (PALAC) in certain jurisdictions. 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. 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. It affords them access to cash values when needed, providing the unique opportunity to leave a legacy while also expanding access to living benefits. Use our income modeling tool Current Index Strategy Rates and Caps Current Income Percentages and Deferral Rates CT disclosure 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. 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. The Disclosure Statement contains a more detailed description of the limited relationship MSCI has with Pruco Life Insurance Company and any related annuity contracts. In addition to one-year index term options, PruSecure offers three- and ve-year index term options, which may offer more upside potential. Receive alerts on new stories, articles, and more by subscribing to one or more RSS Feeds. 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. 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. %PDF-1.7 % Please consult with your tax and legal advisors regarding your personal circumstances. The client'smoney is not actually invested in any index, but may earn interest credits based on the indexs performance. 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. 0000046879 00000 n ABOUT PRUDENTIAL INDIVIDUAL LIFE INSURANCE Investment advisory products and services of LINK by Prudential are made available through PCS, an SEC registered investment adviser. "Prudential Advisors" is a brand name of The Prudential Insurance Company of America and its subsidiaries. only and may not be approved in all states. 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. Copyright 2019-2023 Annuity Look 1-800-325-1833, Annuity Company Issuer Review: Prudential Financial. 563 0 obj <>stream /*background-color: #07639d;*/ August 04, 2022 Prudential FlexGuard reaches $10B total sales milestone at record pace "Prudential Advisors" is a brand name of The Prudential Insurance Company of America and its subsidiaries. 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. 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. With the help of the buffer, your risk of loss could be lessened. Bloomberg Commodity Index reflects changes in a broad range of commodity futures prices, from crude oil and coffee to gold and cattle. FlexGuard Income is a retirement product that you and your financial professional can customize based on your unique needs. Investment advisory products and services are made available through Pruco, a registered investment adviser. height: 100%; FlexGuard also enables you to diversify where you put your money by allocating. * FlexGuard index strategies help clients: FOR FINANCIAL PROFESSIONAL USE ONLY. Each company (PICA, PLAZ, PLNJ, FLIAC, PAD) 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 Terms and Conditions. Fortitude Re and the Fortitude Re logo are service marks of Fortitude Group Holdings, LLC and its affiliates. Renewal rates may be different than those listed below. 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 (REITs) and other companies that invest directly or indirectly in real estate through development, management, or ownership, including property agencies. Contact your wholesaler today and have our team of experts and resources work for you. .RIANavBar a { If youre considering this annuity and have additional questions, feel free contact us via oursecure contact form. 0000029765 00000 n Allocations among variable investment options can happen at any time. /*.RIANavBar ul, .RIANavBar li{ 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. } If a Performance Lock is executed when thePerformance Lock Value has declined, clientswill lock in any loss. which may help limit loss in down markets, partially shielding your account in the case ofa negative index return. Annuities are issued by Pruco Life Insurance Company, a Prudential Financial company, located in Newark, NJ (main office). Fortitude Re and the Fortitude Re logo are service marks of Fortitude Group Holdings, LLC and its affiliates. for the Prudential FlexGuard Income Index Linked Variable Income Benefit (the "Benefit") available with the Annuity. Investing in FlexGuard Lifes Index Strategies does not represent a direct investment in an index. Marketing and training materials contained on these websites need to be approved by the Prudential Retirement Strategies Marketing Compliance Unit prior to use. 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. to grow your money in up markets by choosing from FlexGuards three index strategies. These rates are set by Prudential Annuities and effective as of the date indicated above. All guarantees, including any optional benefits, are subject to the claims-paying ability and financial strength of the issuing insurance company. It is not possible to invest directly in an index. 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. Prudential FlexGuard income indexed variable annuity . Index-linked variable annuity products are complex insurance and investment vehicles. bottom: -18px Minimum Renewal Cap Rate, Participation Rate & Fixed Rate. Early withdrawals may result in a loss in addition to applicable surrender charges. 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. Not available in New York. Any allocations to the Index Strategies must occur on an Index Anniversary. Buffer. Minimum of $100 Additional Purchase Payments received between Index Anniversaries will be allocated to the Holding Account (unless the client provides instruction to allocate to any other variable investment options at that time). This is an independent review for you to see the pros and cons of this particular annuity. xref Prudential LINK and LINK by Prudential occasionally may be referred to as LINK. Suggestions may appear below after you type 3 letters. Investing in Prudential FlexGuard or FlexGuard Income's index strategies does not represent a direct investment in an index. .RIANavBar { 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. Renewal Cap Rates and Participation Rates may be higher or lower than the initial rates, but will never be less than the Guaranteed Minimum Rates. A leading gauge of the U.S. equities market the Standard & Poors 500 Index includes 500 of the largest companies on the New York Stock Exchange and NASDAQ. Rates are subject to change at any time. Low-risk investments today offer little growth opportunity, while investing in the stock market can be risky. Mix and match indices, crediting strategies, and index term options to create a customized strategy that helps meet your clients needs. 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. Prudential, also known as "The Rock," has been in business for nearly 140 years. Term: The number of years that the Shield Option is in effect. The stock price is. 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).. May 18, 2020 8:00AM EDT. 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. If youd like to see Fortitude Re product information, please click here opens in new window. Salene Hitchcock-Gear President of Individual Life Insurance, Prudential (Photo: Business Wire). 0000008735 00000 n The selections you choose together with your clients are all dependent on their investment goals and their risk tolerance. MSCI EAFE (Europe, Australasia, Far East) is a widely accepted benchmark for international stock performance. 0000017237 00000 n .RIANavActive a:after { Your licensed financial professional can provide you with complete details. Our new website has recently launched with features that may not be fully supported by your current browser. Variable investment options are available but do not offer protection levels. Prudential Financial, its affiliates, and their financial professionals do not render tax or legal advice. FlexGuard - NY's Index Strategies do not represent a direct investment in an index. Index-linked variable universal life products are complex insurance and investment vehicles and are long-term investments designed to provide death benefit protection with cash value accumulation potential. Because this a tax qualified annuity gains are tax deferred until income/money is taken out of the annuity. 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. A surrender charge, or Contingent Deferred Sales Charge (CDSC), may apply in the event of an early withdrawal from the annuity. 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. Statement of Financial Condition for Prudential Investment Management Services, LLC. The participation rate is an upper limit percentage increase used to calculate the interest that will be credited for a specific index term(s). But that can create a dilemma. This link has sublinks - To access press Enter. Financial advisors who are available through the Stages channel currently offer a more limited range of products and services as compared to the range of products and services offered through other Prudential distribution channels. Some of the products and services discussed on the Stages site are in development and may not be currently available. -webkit-transform: translate(-50%, -50%); Year 1: No free withdrawals allowed in the first contract year, unless taken as a Required Minimum Distribution (RMD) that Prudential calculates. } 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. An allocation to the index options is not a purchase of shares of any stock or index fund or a direct . Fortitude Re is the marketing name for FGH Parent, L.P. and its subsidiaries, including FLIAC. See current PruSecure Select rate sheetPDF opens in a new window, Index-Based Strategy with Point-to-Point Crediting with Cap Rate. Prudential Annuities does not provide investment advice. Use up and down arrow keys to navigate. trailer "Prudential Advisors" is a brand name of The Prudential Insurance Company of America and its subsidiaries. Our Certified Financial Planner professional (CFP) will answer your questions FREE within 24 hours.
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