These two index crediting strategies determine how their money may grow. Suggestions may appear below after you type 3 letters. FlexGuard - NY offers them the opportunity to choose their buffer level as well as their term length. If the Index Return is positive, but less than the Cap Rate, the Index Credit is equal to theIndex Return. Please refer to the product prospectus for fund investment strategies and fee information. 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. These advisors currently offer only insurance products issued by PICA and its affiliates (Prudential companies). 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. 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. Please reference the prospectus for information about the levels of protection available and other important product information. kristen.olsen@prudential.com, Marisa Amador only and may not be approved in all states. 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. prudential flexguard rate sheet. 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. 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. 0000017237 00000 n xref It is generally more profitable to Prudential if you purchase insurance products that are issued by a Prudential company than a non-Prudential company. Copyright 2019-2023 Annuity Look 1-800-325-1833, Annuity Company Issuer Review: Prudential Financial. Created Exclusively for Use by Financial Professionals. Use our income modeling tool Current Index Strategy Rates and Caps Current Income Percentages and Deferral Rates CT disclosure Neither Bloomberg nor UBS guarantees the timeliness, accurateness, or completeness of any data or information relating to Bloomberg Commodity IndexSM. Prudential Financial, Inc. ( NYSE: PRU ), a global financial services leader and premier active global investment manager with more than $1.4 trillion in assets under management as of June 30,. for Prudential Investment Management Services, LLC. border-right: 10px solid transparent; Change of Ownership terminates the Return of Purchase Payments death benefit. Clients seeking information regarding their particular investment needs should contact a financial professional. August 04, 2022 Prudential FlexGuard reaches $10B total sales milestone at record pace Pruco Life Insurance Company, an Arizona company - California COA # 3637. 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. 0000008735 00000 n Applicable to only Account Value allocated to the variable investment options (assessed daily as a percentage of the net assets of the variable investment options). 0000029765 00000 n 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. Unfortunately, that didnt rule holding agent up to a higher standard, as a fiduciary, did not pass. If the Index Return is negative, but less than or equal to the Buffer, the Index Credit is zero. Variable investment options are available but do not offer protection levels. 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. 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. Partial downside protection is provided through the bufferwhere index losses within the buffer are protected. Otherwise, the Index Credit is equal to the negative Index Return in excess of the Buffer. Any growth is based on the index return. padding: 0; Caps, Precision Rates, and DPSCs for a 1-year term cannot be less than 1.50%. It is generally more profitable to Prudential if you purchase insurance products that are issued by a Prudential company than a non-Prudential company. June 4, 2022; By ; sterile processing technician jobs; prudential flexguard rate sheet . 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. 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. 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).. * The 5-year index term can only be elected at contract issue and cannot be renewed. Each issuing insurance company 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. Please refer to the current rate sheet. In providing this information, neither Prudential nor any of its affiliates or financial professionals is acting as your ERISA fiduciary. Renewal rates may be different than those listed below. 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. Prudential reserves the right to change rates at any time. Subject: Announcing Prudential FlexGuard indexed variable annuity Prudential FlexGuard indexed variable annuity available on or about May 18, 2020 Dear Valued Partner, . Dividend Yield % explanation, calculation, historical data and more 0000009414 00000 n 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. 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. Variable investment options are offered with this product; however, are not included for illustration purposes and do not offer downside protection. You will not receive a written financial plan or investment recommendations as part of the no cost consultation. Bloomberg U.S. Intermediate Credit Index:BLOOMBERG is a trademark and service mark of Bloomberg Finance L.P. and its affiliates (collectively "Bloomberg"). One of the advantages of PruSecure is that there are no annual contract or administrative fees. 528 0 obj <> endobj 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. 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. Asset allocation and rebalancing do not ensure a profit or guarantee against loss. 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. 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. 0000005742 00000 n There is risk of loss of principal if negative index returns exceed the selected protection level. } Please consult with your tax and legal advisors regarding your personal circumstances. FlexGuard - NY also offers variable investment options which can be mixed and matched in any percentage. .RIANavActive a:after { This product will issue daily. How does the issuer pay for all this? The stock price is. Both are Prudential Financial companies located in Newark, NJ. 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. If you qualify, please, A retirement strategy as individual as you are. FLIAC is in the process of changing its name from Prudential Annuities Life Assurance Corporation (PALAC) in certain jurisdictions. MEDIA CONTACTS For more information about the product, including the other index crediting strategies, please refer to the client brochures, fact cards, and product prospectuses. Minimum Renewal Cap Rate, Participation Rate & Fixed Rate. Levels of downside protection are available on index-crediting strategies only. +1 201-835-4872 There are limitations and restrictions when making withdrawals. +1 973-802-8969 FlexGuard - NY offers an innovative index crediting strategyunique to Prudential, with access to variable investment options. 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). 0000001036 00000 n 0000030460 00000 n 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. 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. 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. Fortitude Re is the marketing name for FGH Parent, L.P. and its subsidiaries, including FLIAC. 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. 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. 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. 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. Clients seeking information regarding their particular investment needs should contact a financial professional. Prudential Financial was founded by soon to be US senator John Dryden in 1875 with its one product of burial insurance. At least characters must be typed in the search field in order to perform the search, PruSecure Fixed Indexed Annuity At-A-Glance. The buffer will vary by the selected strategy, term length, andindex elected. Performance Locks are as of close of business on the day the automatic target was met or the manual lock in is requested. Comprehensive financial planning offered through the Stages channel is more limited in scope than comprehensive financial planning offered through the Prudential Advisors distribution channel. %PDF-1.7 % Access to policy cash values is through loans and withdrawals. 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 Statement of Financial Condition for Prudential Investment Management Services, LLC. Use up and down arrow keys to navigate. If the client chooses to defer their Index Effective Date, the allocations for the Index Strategies will be placed in the Transfer Account and will automatically be transferred to the Index Strategies, if within the Transfer Account Period. Allocations among variable investment options can happen at any time. display: block; .RIANavBar { 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. Year 1: No free withdrawals allowed in the first contract year, unless taken as a Required Minimum Distribution (RMD) that Prudential calculates. 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. across well-known indices. This link has sublinks - To access press Enter. 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. These rates are set by Prudential Annuities and effective as of the date indicated above. 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. The tax treatment will differ depending on whether they purchased the annuity with pre-tax (qualified) or after-tax (non-qualified) dollars. Annuities are issued by Pruco Life Insurance Company of New Jersey located in Newark, NJ (main office). FlexGuard Income is a retirement product that you and your financial professional can customize based on your unique needs. 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. <]/Prev 624911/XRefStm 1346>> Featured News Stories. 1 Each subsidiary is responsible for its own financial condition and contractual obligations. . bottom: -18px .RIANavActive a { Group Insurance coverages are issued by The Prudential Insurance Company of America, a Prudential Financial company, Newark, NJ. Automatic Performance Lock targets must reflect positive growth in the Performance Lock Value. Withdrawals and distributions of taxable amounts are subject to ordinary income tax and, if made prior to age 59, may be subject to an additional 10% federal income tax penalty, sometimes referred to as an additional income tax. 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. The Initial Term (s) begin on the Issue Date.