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. 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. across well-known indices. 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. 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. 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. 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 BufferQuote.comfor available fee-only buffer annuities, FlexGuard is a customizable indexed variable annuity that allows you to make choices. These advisors currently offer only insurance products issued by PICA and its affiliates (Prudential companies). only and may not be approved in all states. 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. 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. All products and/or options may not be available in all states or with all broker/dealers. Receive alerts on new stories, articles, and more by subscribing to one or more RSS Feeds. NEWARK, N.J. - 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 the industry, according to data from the Secure Retirement Institute. 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. 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. . Investors should carefully consider the features of the contract, index strategies, and the underlying portfolios' investment objectives, policies, management, risks, charges and expenses. padding: 0; FlexGuard, Prudential Financial's first indexed variable annuity product, achieved $1 billion in sales less than six months after launch, making it the fastest-selling product of its kind ever . Asset allocation and rebalancing do not ensure a profit or guarantee against loss. 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. 0000001537 00000 n } 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. FlexGuard Life performs exactly in that way, prioritizing protection, growth and access.. Bloomberg does not guarantee the timeliness, accurateness or completeness of any data or information relating to the Bloomberg U.S. Intermediate Credit Index, and shall not be liable in any way to or Pruco Life Insurance Company investors in or owners of PruSecure or other third parties in respect of the use or accuracy of the Bloomberg U.S. Intermediate Credit Index or any data included therein. } Prudential FlexGuard Income indexed variable annuity: current rates Effective Date: 12/15/2022 This new business rate sheet provides the Cap Rates, Step Rates, Participation Rates and Tier Levels as set by Prudential effective as of the date above. 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. Other proprietary Fortitude Re marks may be designated as such through the use of the SM or symbols. The information is not intended as investment advice and is not a recommendation about managing or investing your retirement savings. FlexGuard - NY offers an innovative index crediting strategyunique to Prudential, with access to variable investment options. The Interim Value is the value of an Index Strategy on any Valuation Day during an Index Strategy Term. strategies called Tiered Participation Rate and Step Rate Plus, that can enable you to accelerate a portion of your growth potential in up markets, providing you with the possibility of earning even more. Some of the products and services discussed on the Stages site are in development and may not be currently available. Annuities are issued by Pruco Life Insurance Company of New Jersey located in Newark, NJ (main office). Furthermore, the underlying mutual fund fee is 0.83%. Other proprietary Fortitude Re marks may be designated as such through the use of the SM or symbols. Not For Use with the Public. 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. In a rising interest rate environment, increases in caps if any, may be substantially slower than increases in interest rates. The commission-based version launches today, with a fee-based version of FlexGuard . This website is for U.S. persons Opens in a new window only and may not be approved in all states. Unpaid loans and withdrawals reduce cash values and death benefits; may reduce the duration of the guarantee against lapse, which may lapse the policy; and may have tax consequences. Your licensed financial professional can provide you with complete details. It can be customized based on a clients retirement goals and adjusted as their needs change. margin: 20px 0; to grow your money in up markets by choosing from FlexGuards three index strategies. 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. .RIANavBar a { The information is not intended as investment advice and is not a recommendation about managing or investing your retirement savings. .RIANavActive a { Launched in May 2020, it features index strategies with buffers that can help limit market losses while providing investors the opportunity for asset growth. 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. 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. Each subsidiary is responsible for its own financial condition and contractual obligations. 0000009917 00000 n 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. 0000024403 00000 n 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. Please consult with your tax and legal advisors regarding your personal circumstances. Prudential reserves the right to change rates at any time. Surrender charges/fees and periods for this annuity are the typical of most commissionable annuities. Caps, Precision Rates, and DPSCs for a 1-year term cannot be less than 1.50%. 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: 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. PruSecure offers two different ways for your clients to potentially grow their money: an index-based strategy and a xed rate strategy. With the help of the buffer, your risk of loss could be lessened. For more information about FlexGuard Life, visit: prudential.com/landing/indexed-variable-universal-life-insurance. "Prudential Advisors" is a brand name of The Prudential Insurance Company of America and its subsidiaries. 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. 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. Marketing and training materials contained on these websites need to be approved by the Prudential Retirement Strategies Marketing Compliance Unit prior to use. By using this website, you agree that you have read and agree to our Terms and Conditions. New & Different Solutions. 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. The rule, which raised investment-advice standards in retirement accounts, would of made brokers and insurance agents become fiduciaries to sell indexed annuity and other financial products opening up potential lawsuits from bad sales of annuity products. One such solution is Prudential's FlexGuard indexed variable annuity. The Prudential Life Insurance Company of America Newark, NJ. 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. 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. Prudential Financial names its next Emerging Visionaries For the second year, 25 exceptional young leaders are honored for their work addressing the challenges of a changing world. 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. Otherwise, theIndex Credit is equal to the negative Index Return in excess of the Buffer. 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. which may help limit loss in down markets, partially shielding your account in the case ofa negative index return. Partner with us, and well invest in you. It is possible to lose money by investing in securities. Suggestions may appear below after you type 3 letters. Neither Prudential Financial, Inc. nor Assurance IQ offers, underwrites, or administers health plans or health insurance policies. 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. Interest credited with the participation rate would be 30% of 3%, which is equal to 0.90%. Clients seeking information regarding their particular investment needs should contact a financial professional. In this annuity review we will be going over annuity details regarding the Prudential Flex Guard Structed Variable annuity. FlexGuard - NY also offers variable investment options which can be mixed and matched in any percentage. Prudential Financial, its affiliates, and their financial professionals do not render tax or legal advice. 0000008735 00000 n Both are Prudential Financial companies located in Newark, NJ. 0000010749 00000 n There may typically be upper limits known as cap rates and participation rates, on the amount of potential interest credited in a given period, as well as a floor that offers downside protection. Please consult with your tax and legal advisors regarding your personal circumstances. 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. Clients seeking information regarding their particular investment needs should contact a financial professional. Use up and down arrow keys to navigate. 0000005742 00000 n Our new website has recently launched with features that may not be fully supported by your current browser. 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. Available through certain broker/dealers and offers select index-based strategies and terms. . xref display: block; 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. FlexGuard offers you the ability to allocate amongst the following Variable Investment options, in addition to the Index Strategies. PCS is not a licensed insurance agency or broker. 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. list-style-type: none; The Contingent Deferred Sales Charge applies to each Purchase Payment and will be applied to amounts that exceed the Free Withdrawal Amount, Client(s) may withdraw up to 10% of all Purchase Payments still within CDSC without incurring a surrender charge. Suggestions may appear below after you type 3 letters. Alternatively, clients may allocate 100% of their initial Purchase Payment to the Variable Subaccounts. There is risk of loss of principal if negative index returns exceed the selected protection level. 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. Slide 7 establishes how rethinking your approach to asset allocation may be smart. /*.RIANavBar ul, .RIANavBar li{ During this period, if they withdraw any or all of the money from the annuity, surrender charges and a Market Value Adjustment will apply. Subject: Announcing Prudential FlexGuard indexed variable annuity Prudential FlexGuard indexed variable annuity available on or about May 18, 2020 Dear Valued Partner, . 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. /*background-color: #07639d;*/ It is not possible to invest directly in an index. 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 does not reect a specific annuity or an actual account value. *The 5-year index term can only be elected at contract issue and cannot be renewed. Announces 2022 Results. Group Insurance coverages are issued by The Prudential Insurance Company of America, a Prudential Financial company, Newark, NJ. 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. 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 0000024473 00000 n 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. FlexGuard - NY is issued by Pruco Life Insurance Company. 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. These advisors currently offer only insurance products issued by PICA and its affiliates (Prudential companies). Portfolio Allocation The pie chart illustrates how investment . FlexGuard - NY offers an innovative index crediting strategy unique to Prudential, with access to variable investment options. 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 FlexGuard Life is issued by Pruco Life Insurance Company and offered through Pruco Securities, LLC (member SIPC). Variable investment options are offered with this product; however, are not included for illustration purposes and do not offer downside protection. Each issuing insurance company is solely responsible for its own financial condition and contractual obligations. Unpaid loans and withdrawals reduce cash values and death benefits; and may have tax consequences. This link has sublinks - To access press Enter. Available through Registered Investment Advisors; offers similar features and options as the PruSecure Fixed Indexed Annuity. } +1 201-835-4872 Annuities are issued by Pruco Life Insurance Company, a Prudential Financial company, located in Newark, NJ (main office). "Prudential Advisors" is a brand name of The Prudential Insurance Company of America and its subsidiaries. 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. Use our income modeling tool Current Index Strategy Rates and Caps Current Income Percentages and Deferral Rates CT disclosure If a Performance Lock is executed when thePerformance Lock Value has declined, clientswill lock in any loss. 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. NEWARK, N.J. -- (BUSINESS WIRE)-- Prudential Financial, Inc. ( NYSE: PRU ), launched FlexGuard today, the company's first indexed variable annuity product, designed . We have also seen a high click-through to the FlexGuard Rate Sheet. Clients seeking information regarding their particular investment needs should contact a financial professional.