Announces 2022 Results. 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. After Year 1: Client(s) may withdraw up to 10% of the account value each year (based on the previous contract anniversary, after all index/interest credits are applied) without surrender charges or MVA. A positive or negative MVA may also apply. 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. 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. transform: translate(-50%, -50%) Bloomberg Commodity Index reflects changes in a broad range of commodity futures prices, from crude oil and coffee to gold and cattle. } 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. It is possible to lose money by investing in securities. 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 . Today, Prudential is one of the most recognized and one of the world's largest financial services institutions.. 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. All guarantees, including any optional benefits, are subject to the claims-paying ability and financial strength of the issuing insurance company. Rates, buffers, and floors can also be different for each index option. Bloomberg U.S. Intermediate Credit Index:BLOOMBERG is a trademark and service mark of Bloomberg Finance L.P. and its affiliates (collectively "Bloomberg"). See current FlexGuard - NY rates NY disclosure Benefits Features Tools Otherwise, theIndex Credit is equal to the negative Index Return in excess of the Buffer. 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. 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. Levels of downside protection are available on index-crediting strategies only. The applicable Income Percentage and Income Deferral Rate is based on the attained age of the Protected Life (or younger of the Joint Protected Lives) on the Index Effective Date, according to the tables below: . "Prudential Advisors" is a brand name of The Prudential Insurance Company of America and its subsidiaries. It is a free float-adjusted market capitalization index that is designed to measure the equity market performance of 21 developed markets, excluding the U.S. and Canada. It's up to you to determine if a fixed indexed annuity is suitable for your clients. Prudential FlexGuard IVUL is the second (after Equitable MSO, which has been in market largely unchanged since 2010) of what will inevitably become a new category in the life insurance market, Variable UL products with subaccounts that offer structured payoffs - in this case, buffered strategies. This product will issue daily. Some of the products and services discussed on the Stages site are in development and may not be currently available. It can be customized based on a clients retirement goals and adjusted as their needs change. This material 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. Withdrawals taken during the surrender charge period, excluding any Required Minimum Distributions, will be subject to any applicable surrender charges and a Market Value Adjustment. to grow your money in up markets by choosing from FlexGuards three index strategies. Fixed indexed annuitiesare not FDIC-insured and have limitations and surrender charges. "Prudential Advisors" is a brand name of The Prudential Insurance Company of America and its subsidiaries. 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. The floor is always 0%. However, transfers among Variable Subaccounts may occur at any time. It is generally more profitable to Prudential if you purchase insurance products that are issued by a Prudential company than a non-Prudential company. Unpaid loans and withdrawals reduce cash values and death benefits; and may have tax consequences. 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. Funds allocated to the index-based strategies have the potential to grow based on the performance of their chosen indices, comparing the value on the rst day to the value on the last day of their 1-, 3-, or 5-year. 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. 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. 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. If a Performance Lock is executed when thePerformance Lock Value has declined, clientswill lock in any loss. .RIANavActive a { .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. Early withdrawals may result in a loss in addition to applicable surrender charges. 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. Prudential reserves the right to change rates at any time. MSCI EAFE (Europe, Australasia, Far East) is a widely accepted benchmark for international stock performance. LINK by Prudential is an umbrella marketing name for Prudential Customer Solutions LLC ("PCS"), Prudential Annuities Distributors, Inc. and various subsidiaries of The Prudential Insurance Company of America. border-right: 10px solid transparent; Call an annuity specialist at 888-311-4889 (option 2) to learn more. 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. Our Certified Financial Planner professional (CFP) will answer your questions FREE within 24 hours. Step Rate Plus Index Strategy Underperform: 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. All names, marks, and materials used for this review are the property of their respective owners. Our new website has recently launched with features that may not be fully supported by your current browser. Net loss attributable to Prudential Financial, Inc. of $558 million or $1.53 per Common share versus net income of $1.208 billion or $3.13 per share for the year-ago quarter. Kristen Olsen
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. 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). FlexGuard - NY also offers variable investment options which can be mixed and matched in any percentage. It offers you lifetime income with levels of protection and growth potentialbefore and after you start income. "Prudential Advisors" is a brand name of The Prudential Insurance Company of America and its subsidiaries. August 04, 2022 Prudential FlexGuard reaches $10B total sales milestone at record pace and has been licensed to Pruco Life Insurance Company ("Licensee"). kristen.olsen@prudential.com, Marisa Amador
Interest credited with the participation rate would be 30% of 3%, which is equal to 0.90%. 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. Fortitude Re is the marketing name for FGH Parent, L.P. and its subsidiaries, including FLIAC. This is an independent review for you to see the pros and cons of this particular annuity. 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. * "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. There is risk of loss of principal if negative index returns exceed the selected protection level. Use up and down arrow keys to navigate. The experience has also seen over 400 users click through to the FlexGuard Modeling Tool. 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. list-style-type: none; Comprehensive financial planning offered through the Stages channel is more limited in scope than comprehensive financial planning offered through the Prudential Advisors distribution channel. 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. 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. A leading gauge of the U.S. equities market the Standard & Poors 500 Index includes 500 of the largest companies on the New York Stock Exchange and NASDAQ. Check out the current rate sheet. and S&P 500 company whose subsidiaries provide, , and other retirement financial products to both. After the first contract year, your clients may withdraw up to 10% of the account value (based on the previous contract anniversary, after all index/interest credits are applied) without surrender charges or MVA. Group Insurance coverages are issued by The Prudential Insurance Company of America, a Prudential Financial company, Newark, NJ. The Prudential Life Insurance Company of America Newark, NJ. 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. 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. font-weight: bold; Variable investment options are offered with this product; however, are not included for illustration purposes and do not offer downside protection. } 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. Suggestions may appear below after you type 3 letters. 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. These rates are set by Prudential Annuities and effective as of the date indicated above. It is generally more profitable to Prudential if you purchase insurance products that are issued by a Prudential company than a non-Prudential company. Suggestions may appear below after you type 3 letters. 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. All products and/or options may not be available in all states or with all broker/dealers. This link has sublinks - To access press Enter. Please use one of the browsers below or contact your IT department regarding approved options. These advisors currently offer only insurance products issued by PICA and its affiliates (Prudential companies). Prudential FlexGuard is an indexed variable annuity designed for clients looking for a level of protection and innovative growth opportunities for their retirement savings. Prudential Financial, Inc. whos symbol of the Rock of Gibraltar, has been keeping its promises since 1875. This website is for U.S. persons only and may not be approved in all states. Please use one of the browsers below or contact your IT department regarding approved options. Furthermore, the underlying mutual fund fee is 0.83%. /* .RIANavActive a:before { 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. Please consult with your tax and legal advisors regarding your personal circumstances. 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 of America, where such use would be prohibited or otherwise regulated. They decide the percentage of their money to allocate to each and the term of each index-based strategy. 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. 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. But that can create a dilemma. 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, Important Information Disclosure Statement, Check the background of this firm on FINRA's BrokerCheck. A fixed indexed annuity (FIA) is a tax-deferred financial tool designed for the long term. Clients seeking information regarding their particular investment needs should contact a financial professional. S&P chooses the member companies for the 500 based on market size, liquidity and industry group representation. A floor offers 100% downside protection in the event of a market loss. Use up and down arrow keys to navigate. /*.RIANavBar ul, .RIANavBar li{ 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. This link has sublinks - To access press Enter. Created Exclusively for Use by Financial Professionals. If the index increased by 3%, an amount that is less than the cap rate of 4%, the credited interest would be 3%. Lets get to it. 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. During this period, if they withdraw any or all of the money from the annuity, surrender charges and a Market Value Adjustment will apply. display: block; 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 client'smoney is not actually invested in any index, but may earn interest credits based on the indexs performance. Please consult with your tax and legal advisors regarding your personal circumstances. .pru-module.pru-module-12 .pru-module-rich-text-editor {width: 100%;}, See product specifications for more information on funds and fees associated PDF opens in new window. Each company (PICA, PLAZ, PLNJ, FLIAC, PAD) is solely responsible for its own financial condition and contractual obligations. border-bottom: 10px solid #ccc; The more loss protection or buffer you select, the less upside gain from the index you will receive. 0000046767 00000 n
The information is not intended as investment advice and is not a recommendation about managing or investing your retirement savings. 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. 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%. 0000005920 00000 n
Dividend Yield % explanation, calculation, historical data and more 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. You also have the opportunityto grow your money in up markets by choosing from FlexGuards three index strategies. If you would like information about your particular investment needs, please contact a financial professional. Variable Annuities and Variable Life Insurance are distributed by Prudential Annuities Distributors, Inc. (PAD), Shelton, CT (main office). Standard & Poor's, S&P and S&P 500 are registered trademarks of Standard & Poor's Financial Services LLC ("S&P"); Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC ("Dow Jones"); and these trademarks have been licensed for use by SPDJI and sublicensed for certain purposes by Pruco Life Insurance Company of New Jersey. FlexGuard - NY is issued byPruco Life Insurance Company. NEWARK, N.J. -- (BUSINESS WIRE)-- Prudential Financial, Inc. ( NYSE: PRU ), launched FlexGuard today, the company's first indexed variable annuity product, designed . If the Index Return is positive and equal to or greater than the Cap Rate, then the Index Credit is equal tothe Cap Rate. .RIANavActive a:after { For more information, please visit news.prudential.com. 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. Dow Jones U.S. Real Estate Index is designed to track the performance of Real Estate Investment Trusts (REITs) and other companies that invest directly or indirectly in real estate through development, management, or ownership, including property agencies. See current PruSecure Select rate sheetPDF opens in a new window, Index-Based Strategy with Point-to-Point Crediting with Cap Rate. Any growth is based on the index return. 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).. 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. Prudential FlexGuard Life and all product features are not approved for use in all states or through all broker-dealers. If the Index Return is between zero and the declared Tier Level, then the Index Credit is equal to the IndexReturn multiplied by the Participation Rate for the 1st tier. How does the issuer pay for all this? 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. By using this website, you agree that you have read and agree to our Terms and Conditions. prudential flexguard rate sheet. Unfortunately, that didnt rule holding agent up to a higher standard, as a fiduciary, did not pass. There is risk of loss of principal if negative index returns exceed the selected protection level. 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. 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. Clients seeking information regarding their particular investment needs should contact a financial professional. Allocations among variable investment options can happen at any time. Prudential Stages is an umbrella marketing name for Pruco Securities LLC, (sometimes referred to as Pruco) doing business as Prudential Financial Planning Services, pursuant to a separate agreement.