prudential flexguard rate sheet

CURRENT RATES This rate sheet provides the Cap Rate, Step Rates, Participation Rates (Par Rates) and Tier Levels currently offered on the Prudential FlexGuard indexed variable annuity. Compliance NumberTemplate: 1000797-00012-00. Surrender charges/fees and periods for this annuity are the typical of most commissionable annuities. 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. 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. margin: 0; 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. All products and/or options may not be available in all states or with all broker/dealers. MSCI EAFE (Europe, Australasia, Far East) is a widely accepted benchmark for international stock performance. Our Certified Financial Planner professional (CFP) will answer your questions FREE within 24 hours. 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. NEWARK, N.J., May 18, 2020 - Prudential Financial, Inc. (NYSE: PRU) launched FlexGuard today, the company's first indexed variable annuity product, designed to provide customers with downside protection and the opportunity to grow and accelerate the performance of their retirement assets into the future. The client'smoney is not actually invested in any index, but may earn interest credits based on the indexs performance. Copywriter: Susanne Bassmann Our new website has recently launched with features that may not be fully supported by your current browser. 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. 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. Clients seeking information regarding their particular investment needs should contact a financial professional. The client will choose on the application if they wish to (1) allocate to the Index Strategies immediately, (2) defer their allocation for 45 days from the application signed date to accommodate multiple transfers and exchanges or (3) elect to defer their allocation to a specified date. Also, its important to note that if they take a withdrawal or annuitize the contract, taxes will apply. 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. The Interim Value for each Index Strategy plus the total value of any allocations in the Variable Investment Subaccounts (including the Holding Account) and the Transfer Account on any Valuation Day other than the Index Strategy Start Date and Index Strategy End Date. But that can create a dilemma. 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. border-bottom: 10px solid #002247; Index lossesthat exceed the buffer will result in a loss of Account Value. Actual cap rates and participation ratesmay be higher or lower. Fortitude Re has retained PICA as an unaffiliated Third-Party Administrator. Are you a licensed financial professional? 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. 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. .RIANavBar li { The stock price is. Pruco Life Prudential FlexGuard Indexed VA. Prudential came to the structured annuity market in early 2020, 10 years after the birth of this category. This is a hypothetical example for illustrative purposes only. Annuities are one of the few strategies that can accomplish both secured growth and guaranteed income. 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. Our new website has recently launched with features that may not be fully supported by your current browser. Furthermore, the underlying mutual fund fee is 0.83%. Variable investment options are offered with this product; however, are not included for illustration purposes and do not offer downside protection. 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).. See current PruSecure Select rate sheetPDF opens in a new window, Index-Based Strategy with Point-to-Point Crediting with Cap Rate. As you help your clients plan for a more secure tomorrow, you'll want to work with a company you know and trust. Pruco Life Insurance Company's Product(s) is not sponsored, endorsed, sold or promoted by SPDJI, Dow Jones, S&P, or 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 and Dow Jones U.S. Real Estate Index. You will not receive a written financial plan or investment recommendations as part of the no cost consultation. Marketing and training materials contained on these websites need to be approved by the Prudential Retirement Strategies Marketing Compliance Unit prior to use. Perseus Mining (TSX:PRU) Dividend Yield % as of today (March 01, 2023) is 1.25%. 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. In 2017 Department of Labors fiduciary rule being struck down in federal court of Appeals has been especially helpful in the sales of indexed annuities. The commission-based version launches today, with a fee-based version of FlexGuard . A floor offers 100% downside protection in the event of a market loss. FlexGuard - NY is issued by Pruco Life Insurance Company. Bloomberg U.S. Intermediate Credit Index:BLOOMBERG is a trademark and service mark of Bloomberg Finance L.P. and its affiliates (collectively "Bloomberg"). 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. Any growth is based on the index return. At the time your clients purchase a contract, they select a 5- or 7-year surrender charge period, which is the amount of time they must wait until they can withdraw funds from the annuity without facing a surrender charge and market value adjustment. 0000029765 00000 n bottom: -18px and S&P 500 company whose subsidiaries provide, , and other retirement financial products to both. +1 201-835-4872 Not for Consumer Use. 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%. This area is reserved for members of the news media. You will not receive a written financial plan or investment recommendations as part of the no cost consultation. } The contract number is IVUL-2022 and may be followed by a state code. 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. 0000008048 00000 n The floor is always 0%. This is an independent product review, not a recommendation to buy or sell an annuity. The contract, announced this week, has been issued as a B-share variable annuity (with a six-year surrender period with a 7% withdrawal penalty in the . 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. position: absolute; 0000008735 00000 n It is designed to provide customers with partial downside protection and the opportunity to grow and accelerate the performance of their assets into the future. For Financial Professional Use Only. FlexGuard's index strategies allow customers to select strategies providing the potential to accelerate gains above and beyond the index return when certain targets are met. If the index increased by 3%, an amount that is less than the cap rate of 4%, the credited interest would be 3%. 0000001537 00000 n 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. 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. Investing in FlexGuard Lifes Index Strategies does not represent a direct investment in an index. Fortitude Re and the Fortitude Re logo are service marks of Fortitude Group Holdings, LLC and its affiliates. Comprehensive financial planning offered through the Stages channel is more limited in scope than comprehensive financial planning offered through the Prudential Advisors distribution channel. Today, Prudential is one of the most recognized and one of the world's largest financial services institutions.. 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 . 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). However, if your clients withdraw any of their money during the first contract year or more than 10% of their money in any subsequent year during the surrender charge period, there may be a surrender charge. opens in new window. Bloomberg Commodity Index reflects changes in a broad range of commodity futures prices, from crude oil and coffee to gold and cattle. Prudential reserves the right to change rates at any time. Check out the current rate sheet. 0000024573 00000 n 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. Fortitude Re has retained PICA as an unaffiliated Third-Party Administrator. xref 0000013916 00000 n CDs are FDIC-insured up to $250,000 per fi nancial institution, and there may be a penalty for early withdrawal. The Prudential FlexGuard indexed variable annuity to which this disclosure applies (the "Product") has been developed solely by . FlexGuard also enables you to diversify where you put your money by allocating. For additional important information about the products, services and companies that make them available, please click here Opens in a new window.*. Fortitude Re and the Fortitude Re logo are service marks of Fortitude Group Holdings, LLC and its affiliates. 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. Prudential is not responsible for any losses related to decisions whether or not to exercise a Performance Lock. Fixed indexed annuitiesare not FDIC-insured and have limitations and surrender charges. Please refer to the current rate sheet and prospectus for more information. } Available through certain broker/dealers and offers select index-based strategies and terms. Year 1: No free withdrawals allowed in the first contract year, unless taken as a Required Minimum Distribution (RMD) that Prudential calculates. 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. These advisors currently offer only insurance products issued by PICA and its affiliates (Prudential companies). Variable Annuities and Variable Life Insurance are distributed by Prudential Annuities Distributors, Inc. (PAD), Shelton, CT (main office). If the Index Return is negative, but less than or equal to the Buffer, the Index Credit is zero. 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. Contact your wholesaler today and have our team of experts and resources work for you. Early withdrawals may result in a loss in addition to applicable surrender charges. Each subsidiary is responsible for its own financial condition and contractual obligations. .RIANavBar li { Are you a licensed financial professional? 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. 0000018563 00000 n For more information, please visit news.prudential.com. 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. for the Prudential FlexGuard Income Index Linked Variable Income Benefit (the "Benefit") available with the Annuity. With an FIA, your clients money is not actually invested in any index, but rather may earn interest based on the indexs performance. Please reference the prospectus for information about the levels of protection available and other important product information. .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. Clients should read the prospectuses carefully before investing. NEWARK, N.J. -- (BUSINESS WIRE)-- Prudential Financial, Inc. ( NYSE: PRU ), launched FlexGuard today, the company's first indexed variable annuity product, designed . Caps, Precision Rates, and DPSCs for a 1-year term cannot be less than 1.50%. .RIANavBar ul { FlexGuard - NY's Index Strategies do not represent a direct investment in an index. For complete information about the annuity, please refer to the PruSecure Important Information Disclosure Statement PDF opens in a new window. Not available in New York. Please use one of the browsers below or contact your IT department regarding approved options. padding: 0; Suggestions may appear below after you type 3 letters. It is generally more profitable to Prudential if you purchase insurance products that are issued by a Prudential company than a non-Prudential company. 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. only and may not be approved in all states. 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. The information is not intended as investment advice and is not a recommendation about managing or investing a clients retirement savings. For more information about FlexGuard Life, visit: prudential.com/landing/indexed-variable-universal-life-insurance. It is possible to lose money by investing in securities. 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. The MSCI EAFE is designed to measure the performance of a selection of stocks in 21 developed markets outside of the U.S. and Canada. 0000021753 00000 n 528 36 Asset allocation and rebalancing do not ensure a profit or guarantee against loss. Prudential Financial, Inc. whos symbol of the Rock of Gibraltar, has been keeping its promises since 1875. In this annuity review we will be going over annuity details regarding the Prudential Flex Guard Structed Variable annuity. 0000005769 00000 n 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. 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. Any allocations to the Index Strategies must occur on an Index Anniversary. Otherwise, theIndex Credit is equal to the negative Index Return in excess of the Buffer. Prudential FlexGuard income indexed variable annuity . If you would like information about your particular investment needs, please contact a financial professional. Renewal rates may be different than those listed below. Use up and down arrow keys to navigate. "Prudential Advisors" is a brand name of The Prudential Insurance Company of America and its subsidiaries. Low-risk investments today offer little growth opportunity, while investing in the stock market can be risky. Featured News Stories. for Prudential Investment Management Services, LLC. bottom: -20px Your clients should consult a tax advisor for more information. The cap rate is the maximum amount of interest that can be credited during a specific index term. 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. Prudential FlexGuard Life is an innovative Indexed Variable Universal Life product that offers a flexible combination of protection, growth, and access to meet consumers' changing life insurance needs. Prudential charges 1.1% annually plus 0.8% for its Defined Income Benefit (but reserves the right to increase this fee to 1.5%). 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. The Initial Term (s) begin on the Issue Date. However, transfers among Variable Subaccounts may occur at any time. This and other important information are contained in the initial summary prospectus and the index strategies prospectus for the contract and the summary prospectus or prospectus for the underlying portfolios (collectively, the "prospectuses") which can be obtainedon the prospectus page or by contacting the National Sales Desk. 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. Investment advisory products and services are made available through Pruco, a registered investment adviser. You should read the prospectuses carefully before investing. Please consult with your tax and legal advisors regarding your personal circumstances. Lets get to it. border-bottom: 10px solid #ccc; NEWARK, N.J., November 14, 2022 - Prudential Financial, Inc., has launched Prudential FlexGuard Life, an innovative Indexed Variable Universal Life product that offers a flexible combination of protection, growth, and access to meet consumers changing life insurance needs. 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. 0000019833 00000 n You also have the opportunityto grow your money in up markets by choosing from FlexGuards three index strategies. 0000009414 00000 n All guarantees, including any optional benefits, are subject to the claims-paying ability and financial strength of the issuing insurance 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. Change of Ownership terminates the Return of Purchase Payments death benefit. ** The websites referenced above are not endorsed or supported by any of the Prudential Financial companies. References to FLIAC shall be deemed to be references to PALAC in the jurisdictions where the name change is not yet effective. across well-known indices. * FlexGuard index strategies help clients: FOR FINANCIAL PROFESSIONAL USE ONLY. 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. The Prudential Life Insurance Company of America Newark, NJ. 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 Targets are not available for strategies with a 100% buffer option or the Step Rate Plus Crediting Strategy. FlexGuard offers you the ability to allocate amongst the following Variable Investment options, in addition to the Index Strategies. 0000001346 00000 n 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 . %%EOF How does the issuer pay for all this? Allocations among variable investment options can happen at any time. Bloomberg or Bloomberg's licensors, own all proprietary rights in the Bloomberg Indices. The product prospectus contains a more detailed description of the limited relationship MSCI has with Pruco Life Insurance Companyof New Jersey and any related annuity contracts. 0000010202 00000 n border-left: 10px solid transparent; Neither Prudential Financial, Inc. nor Assurance IQ issues, underwrites, or administers health plans or health insurance policies. Transfers from the Index Strategy(ies) to the Variable Subaccounts are not allowed at any time. Available Buffers, which may vary by Index Strategy, are 10%, 15%, and 20%. 0000005806 00000 n The experience has also seen over 400 users click through to the FlexGuard Modeling Tool. Alternatively, clients may allocate 100% of their initial Purchase Payment to the Variable Subaccounts. 0 Gains or losses are assessed at the end of each term. For Compliance Use Only: 1003626-00008-00. S&P chooses the member companies for the 500 based on market size, liquidity and industry group representation. }*/ and has been licensed to Pruco Life Insurance Company ("Licensee"). It offers you lifetime income with levels of protection and growth potentialbefore and after you start income. 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. " As I mentioned, the Flexguard annuity has ZERO fees if invested in the segments and offers up to 20% downside protection. Other proprietary Fortitude Re marks may be designated as such through the use of the SM or symbols. Registered Flexible Premium Deferred Index-Linked Variable Annuity with four Index Strategies featuring multiple protection levels and term lengths, plus 5 variable investment options, Prudential FlexGuard indexed variable annuity - New York, Up to age 85; based on the age of the oldest Owner/Annuitant, $25,000 Minimum Qualified and Nonqualified $1,000,000 Maximum (Premiums that exceed $1,000,000 require prior company approval). Neither Prudential Financial, Inc. nor Assurance IQ issues, underwrites, or administers health plans or health insurance policies. Otherwise, the Index Credit is equal to the negative Index Return in excess of the Buffer. 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 buffer will vary by the selected strategy, term length, andindex elected. 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.

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