Otherwise, the Index Credit is equal to the negative Index Return in excess of the Buffer. /* .RIANavActive a:before { 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. 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. This link has sublinks - To access press Enter. All references to income certainty and guarantees, including optional benefits, are backed by the claims-paying ability of the issuing company and do not apply to the underlying investment options. margin: 0; 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. Buffer. 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 . As a result, clientsmay receive less than the full Index Credit, or less than the full protection of the Buffer, thanthey would have received if they waited for us to apply the Index Credit on the Index Strategy End Date. 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. A positive or negative MVA may also apply. to grow your money in up markets by choosing from FlexGuards three index strategies. 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).. If youd like to see Fortitude Re product information, please click here opens in new window. The contract number is IVUL-2022 and may be followed by a state code. +1 973-802-8969 ** The websites referenced above are not endorsed or supported by any of the Prudential Financial companies. This link has sublinks - To access press Enter. Our new website has recently launched with features that may not be fully supported by your current browser. across well-known indices. Both are Prudential Financial companies located in Newark, NJ. 0000008048 00000 n 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. For additional important information about the products, services and companies that make them available, please click here Opens in a new window.*. 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. 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. 0000018563 00000 n Some of the products and services discussed on the Stages site are in development and may not be currently available. The Prudential Insurance Company of America - California COA # 1179. If a Performance Lock is executed when thePerformance Lock Value has declined, clientswill lock in any loss. 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. 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. Rates are subject to change at any time. When establishing interest crediting rates, Prudential considers many factors, including current economic and market conditions, the general interest rate environment and both the expected and . This is a hypothetical example for illustrative purposes only. Rates, buffers, and floors can also be different for each index option. 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. Performance Locks are as of close of business on the day the automatic target was met or the manual lock in is requested. .RIANavActive a:after { MEDIA CONTACTS Marketing and training materials contained on these websites need to be approved by the Prudential Retirement Strategies Marketing Compliance Unit prior to use. 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. Copywriter: Susanne Bassmann Prudential and its affiliates are not liable for use of the Stages platform. All references to income certainty and guarantees, including optional benefits, are backed by the claims-paying ability of the issuing company and do not apply to the underlying investment options. Early withdrawals may result in a loss in addition to applicable surrender charges. 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. Each company (PICA, PLAZ, PLNJ, FLIAC, PAD) is solely responsible for its own financial condition and contractual obligations. 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. 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. All guarantees, including any optional benefits, are subject to the claims-paying ability and financial strength of the issuing 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. border-bottom: 10px solid #002247; Please consult with your tax and legal advisors regarding your personal circumstances. and S&P 500 company whose subsidiaries provide, , and other retirement financial products to both. Each issuing insurance company is solely responsible for its own financial condition and contractual obligations. This product will issue daily. By using this website, you agree that you have read and agree to our Terms and Conditions. 0000001346 00000 n They decide the percentage of their money to allocate to each and the term of each index-based strategy. 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). .RIANavBar ul { display: block; If you would like information about your particular investment needs, please contact a financial professional. 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. It affords them access to cash values when needed, providing the unique opportunity to leave a legacy while also expanding access to living benefits. Furthermore, the underlying mutual fund fee is 0.83%. 0000008735 00000 n A copy of the prospectuses may be obtained from prudential.com or your financial professional. Prudential FlexGuard Life is issued by Pruco Life Insurance Company and offered through Pruco Securities, LLC (member SIPC). 0000061397 00000 n Pruco Life Insurance Companyof New Jersey's Product(s) is not sponsored, endorsed, sold or promoted by SPDJI, Dow Jones, S&P, 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. Statement of Financial Condition for Prudential Investment Management Services, LLC. Our new website has recently launched with features that may not be fully supported by your current browser. Group Insurance coverages are issued by The Prudential Insurance Company of America, a Prudential Financial company, Newark, NJ. The product builds upon the record success of FlexGuard, the fastest-selling indexed variable annuity launch ever in the industry, achieving more than $3.5 . Flexguard Income is issued by Pruco Life Insurance Company CT disclosure MN disclosure See current PruSecure Advisor rate sheetPDF opens in a new window, Surrender Charge Options Rates will vary based on the surrender charge option chosen, 5 years: 2%, 2%, 2%, 2%, 2% 7 years: 2%, 2%, 2%, 2%, 2%, 2%, 2%. References to FLIAC shall be deemed to be references to PALAC in the jurisdictions where the name change is not yet effective. Neither Prudential Financial, Inc. nor Assurance IQ issues, underwrites, or administers health plans or health insurance policies. Prudential FlexGuard income indexed variable annuity . But that can create a dilemma. Prudential Financial, its affiliates, and their financial professionals do not render tax or legal advice. Certain indicesassociated with Index Strategies may be subject to an underlying fee or reduction. 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. 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. 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. } 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. "Prudential Advisors" is a brand name of The Prudential Insurance Company of America and its subsidiaries. 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, Check the background of this firm on FINRA's BrokerCheck, Free Withdrawals in each contract year are not cumulative, Contingent Deferred Sales Charges will not apply to Required Minimum Distributions that Prudential calculates, Total Annualized Insurance Fees and Charges for Net Purchase Payments less than 1 Million: 1.30%, Total Annualized Insurance Fees and Charges for Net Purchase Payments of at least $1 Million: 1.20%, Subsequent Cap and Participation Rates may be higher or lower than the initial Rates, but will never be less than the Guaranteed Minimum Rates. .RIANavBar li { The information is not intended as investment advice and is not a recommendation about managing or investing your retirement savings. Contact your wholesaler today and have our team of experts and resources work for you. Variable Annuities and Variable Life Insurance are distributed by Prudential Annuities Distributors, Inc. (PAD), Shelton, CT (main office). Allocations among variable investment options can happen at any time. The Segment Rate of Return for a Choice Segment may be less than the Segment Rate of Return for a Standard Segment based on the same index, Segment Buffer and Segment Duration. The Initial Term (s) begin on the Issue Date. You will not receive a written financial plan or investment recommendations as part of the no cost consultation. 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). Investing in Prudential FlexGuard or FlexGuard Income's index strategies does not represent a direct investment in an index. Prudential and its affiliates are not liable for use of the Stages platform. Access to policy cash values is through loans and withdrawals. Prudential LINK and LINK by Prudential occasionally may be referred to as LINK. 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 Prudential Life Insurance Company of America Newark, NJ. 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 Interest credited with the participation rate would be 30% of 3%, which is equal to 0.90%. 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. 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)..
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