ABOUT PRUDENTIAL INDIVIDUAL LIFE INSURANCE border-bottom: 10px solid #ccc; Suggestions may appear below after you type 3 letters. Prudential FlexGuard Indexed Variable Annuity Initial Summary Prospectus (Variable Prospectus) * Index Prospectus * Updating Summary Prospectus (Variable Prospectus) Variable Product Prospectus Prudential FlexGuard Income indexed Variable Annuity Initial Summary Prospectus (Variable Prospectus) * Index Prospectus * If the Index Return is negative, but less than or equal to the Buffer, the Index Credit is zero. Unpaid loans and withdrawals reduce cash values and death benefits; and may have tax consequences. Unique to Prudential, FlexGuard's Tiered Participation Rate index strategy oers 100% of the positive index growth up to the tier level, and then the opportunity to accelerate your growth by capturing a percentage MORE than 100% of the index growth above that level. .RIANavBar li { 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. 0000018563 00000 n .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 is issued byPruco Life Insurance Company. FlexGuard - NY also offers variable investment options which can be mixed and matched in any percentage. 0000009414 00000 n If you would like information about your particular investment needs, please contact a financial professional. 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. 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. Annuities are issued by Pruco Life Insurance Company of New Jersey located in Newark, NJ (main office). .RIANavActive a { The information is not intended as investment advice and is not a recommendation about managing or investing your retirement savings. It is possible to lose money by investing in securities. Performance Locks are as of close of business on the day the automatic target was met or the manual lock in is requested. margin: 20px 0; The value of an Index Strategy at the end of any Valuation Day during an Index Strategy Term other than the Index Strategy Start Date and Index Strategy End Date. 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. Investment advisory products and services of LINK by Prudential are made available through PCS, an SEC registered investment adviser. Prudential FlexGuard is an indexed variable annuity designed for clients looking for a level of protection and innovative growth opportunities for their retirement savings. But that can create a dilemma. Index lossesthat exceed the buffer will result in a loss of Account Value. 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. Because this a tax qualified annuity gains are tax deferred until income/money is taken out of the annuity. }*/ Other proprietary Fortitude Re marks may be designated as such through the use of the SM or symbols. 563 0 obj <>stream 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. 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. 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. 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. This is a hypothetical example for illustrative purposes only. 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. Each subsidiary is responsible for its own financial condition and contractual obligations. .RIANavBar li { The Segment Rate of Return for a Choice Segment will always be less than (a) the Performance Cap Rate and (b) the index performance rate, if positive, for that Segment. Since this investment is usually for the long term such as 10 years, it is important that the annuity company itself is financially sound. The guarantees in the annuity are back by the insurance company and not from a government agency. However each states Guaranty Association has a dollar amount, usually $100,000, that it will refund if an annuity carrier went bankrupt. 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. 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. Prudential Annuities does not provide investment advice. Any growth is based on the index return. Prudential FlexGuard Life is issued by Pruco Life Insurance Company and offered through Pruco Securities, LLC (member SIPC). Withdrawals or surrenders may be subject to contingent deferred sales charges. The information is not intended as investment advice and is not a recommendation about managing or investing your retirement savings. 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. Group Insurance coverages are issued by The Prudential Insurance Company of America, a Prudential Financial company, Newark, NJ. Investing in securities involves risk, and there is always the potential of losing money. 0000029765 00000 n Check out the current rate sheet. This link has sublinks - To access press Enter. 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. 0000011036 00000 n Fortitude Re and the Fortitude Re logo are service marks of Fortitude Group Holdings, LLC and its affiliates. Change of Ownership terminates the Return of Purchase Payments death benefit. It affords them access to cash values when needed, providing the unique opportunity to leave a legacy while also expanding access to living benefits. Annuities are issued by Pruco Life Insurance Company, a Prudential Financial company, located in Newark, NJ (main office). prudential flexguard rate sheet. Your licensed financial professional can provide you with complete details. Variable annuities are distributed by Prudential Annuities Distributors, Inc., Shelton, CT. 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 clients or prospective clients. Please consult with your tax and legal advisors regarding your personal circumstances. 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. Please consult with your tax and legal advisors regarding your personal circumstances. The oldest international stock index, it is the most common benchmark in the U.S. for foreign stock funds. Prudential LINK and LINK by Prudential occasionally may be referred to as LINK. MFS Value Series Service Class MFS International Growth Portfolio Service Class MFS Total Return Series Service Class MFS Total Return Bond Series Service Class PSF PGIM Government Money Market Portfolio Class III default Holding Account. Please consult with your tax and legal advisors regarding your personal circumstances. A positive or negative MVA may also apply. Comprehensive financial planning offered through the Stages channel is more limited in scope than comprehensive financial planning offered through the Prudential Advisors distribution channel. 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. Sales of fixed annuities increased to . Available Buffers, which may vary by Index Strategy, are 10%, 15%, and 20%. transform: translate(-50%, -50%) The buffer will vary by the selected strategy, term length, andindex elected. Term: The number of years that the Shield Option is in effect. . 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. 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. Use our income modeling tool Current Index Strategy Rates and Caps Current Income Percentages and Deferral Rates CT disclosure Some of the products and services discussed on the Stages site are in development and may not be currently available. It is generally more profitable to Prudential if you purchase insurance products that are issued by a Prudential company than a non-Prudential company. If the index increased by 3%, an amount that is less than the cap rate of 4%, the credited interest would be 3%. 0000009917 00000 n In providing this information, neither Prudential nor any of its affiliates or financial professionals is acting as your ERISA fiduciary. 0000014746 00000 n Clients should read the prospectuses carefully before investing. 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. 0000005806 00000 n Not for Consumer Use. 0000017237 00000 n Life insurance policies contain exclusions, limitations, reductions of benefits, and terms for keeping them in force. Individual Fixed Index Annuity Sales from 2016 to 2019 and they finished in the #2 spot in 2020.. Allianz was founded in 1896 and based in Minneapolis, Minnesota, Allianz Life Insurance Company of North America is a leading provider of retirement and protection solutions, including life insurance, and fixed, variable, and fixed index annuities for . 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. The Initial Term (s) begin on the Issue Date. It is generally more profitable to Prudential if you purchase insurance products that are issued by a Prudential company than a non-Prudential company. 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. The Disclosure Statement contains a more detailed description of the limited relationship MSCI has with Pruco Life Insurance Company and any related annuity contracts. Not available in New York. The cap rate is the maximum amount of interest that can be credited during a specific index term. opens in new window. Please refer to the current rate sheet. Upon renewal or reallocation, your clients may continue with the same strategy and allocation, or choose from the other strategies and terms available at that time. FlexGuard sales totaled $1.6 billion in the first quarter, representing 84% of total annuity sales, up from $1.2 billion in the fourth quarter of 2020, he said. %PDF-1.7 % 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. Fortitude Re has retained PICA as an unaffiliated Third-Party Administrator. The Performance Value will not fluctuate for the remainder of the existing index strategy term unless there is a withdrawal or reallocation. Prudential and its affiliates are not liable for use of the Stages platform. 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. One crediting strategy point to point makes it easier for you to explain and clients to understand. Prudential FlexGuard indexed variable annuity, Securities products and services are offered through: Pruco Securities, LLC and Prudential Investment Management Services, LLC, both members, prudential.com/landing/indexed-variable-universal-life-insurance, Prudential FlexGuard reaches $10B total sales milestone at record pace, Prudential launches FlexGuard Income indexed variable annuity a new investment and income strategy with enhanced flexibility and control, Prudential Financial Launches Prudential Community Grants Program to Provide Micro-Grants to Local Individuals and Non-profit Organizations, Prudential, Vitality Global expand partnership in Latin America, Prudential Financial names its next Emerging Visionaries, Check the background of this firm on FINRA's BrokerCheck, Indexed variable universal life solution offers both protection and growth, Builds upon success of FlexGuard variable annuity products. With the help of the buffer, your risk of loss could be lessened. Not For Use with the Public. Deduction of the annual product fee of 1.25%, withdrawal charge, $50 contract maintenance charge (on contracts with less than $100,000 contract value), 0.70% Income Benefit rider fee, and, if . Kristen Olsen There is risk of loss of principal if negative index returns exceed the selected protection level. 0000005920 00000 n These advisors currently offer only insurance products issued by PICA and its affiliates (Prudential companies). I hope you found this look informative and found value in your time. Aloha! It's up to you to determine if a fixed indexed annuity is suitable for your clients. 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. 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. content: ""; 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. Each issuing insurance company is solely responsible for its own financial condition and contractual obligations. If the Index Return is positive and equal to or greater than the Cap Rate, then the Index Credit is equal tothe Cap Rate. Prudential and its affiliates are not liable for use of the Stages platform. Typically, the longer the surrender charge period, the higher the fixed rates and index-based cap rates and participation rates. FlexGuard - NY's Index Strategies do not represent a direct investment in an index. * "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. Investors should carefully consider the features of the contract, index strategies, and the underlying portfolios' investment objectives, policies, management, risks, charges and expenses. Please use one of the browsers below or contact your IT department regarding approved options. Call an annuity specialist at 888-311-4889 (option 2) to learn more. 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. }*/, Select a level of protection that mayhelp limit losses, Participate in the growth potential of the market, Enhance growth potential in up markets with oneunique crediting strategy, Plus, there are NO EXPLICIT PRODUCT FEES when allocating toFlexGuard - NYs index strategies.*. FlexGuard - NY is issued by Pruco Life Insurance Company. Rates are subject to change at any time. An allocation to the index options is not a purchase of shares of any stock or index fund or a direct . 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. Partial downside protection is provided through the bufferwhere index losses within the buffer are protected. Prudential Defined Income Variable Annuity Product Specifics: Minimum age for initial purchase: 45 Maximum age for initial purchase: 85 Minimum initial purchase payment: $25,000 Prudential stated fee: 1.9% True all in fee: 2.73-3.43% Website: www.annuities.prudential.com/investor Prudential Defined Income Variable Annuity Fees: Variable investment options are offered with this product; however, are not included for illustration purposes and do not offer downside protection. Subject: Announcing Prudential FlexGuard indexed variable annuity Prudential FlexGuard indexed variable annuity available on or about May 18, 2020 Dear Valued Partner, . FlexGuard Income is a retirement product that you and your financial professional can customize based on your unique needs. Variable investment options are available but do not offer protection levels. Salene Hitchcock-Gear President of Individual Life Insurance, Prudential (Photo: Business Wire). 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. How life can change 'in a split second' A Prudential employee shares her story to help others realize the importance of life insurance. 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.
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