} This page specifically focuses on Prudential products. For more information about FlexGuard Life, visit: prudential.com/landing/indexed-variable-universal-life-insurance. 0000005769 00000 n border-right: 10px solid transparent; 0000001346 00000 n Other proprietary Fortitude Re marks may be designated as such through the use of the SM or symbols. 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. 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. 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. 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. If you would like information about your particular investment needs, please contact a financial professional. 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). 528 36 . 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. } kristen.olsen@prudential.com, Marisa Amador Partial downside protection is provided through the bufferwhere index losses within the buffer are protected. Dividend Yield % explanation, calculation, historical data and more Standard & Poor's and S&P are registered trademarks of Standard & Poor's Financial Services LLC, a division of S&P Global ("S&P"); Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC ("Dow Jones"). Neither Bloomberg nor UBS Securities LLC and its affiliates (collectively, "UBS") are affiliated with Pruco Life Insurance Company, and Bloomberg and UBS do not approve, endorse, review, or recommend PruSecure. You should consider the investment objectives, risks, and charges and expenses carefully before investing in the contract and/or underlying portfolios. It is generally more profitable to Prudential if you purchase insurance products that are issued by a Prudential company than a non-Prudential company. 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. See current FlexGuard - NY rates NY disclosure Benefits Features Tools Kristen Olsen 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. If the index increased by 20% which is greater than the cap rate of 4% the interest credited would be 4%. Securities products and services are offered through: Pruco Securities, LLC and Prudential Investment Management Services, LLC, both members SIPC and located in Newark, NJ, or Prudential Annuities Distributors, Inc., located in Shelton, CT. All are Prudential Financial companies. to grow your money in up markets by choosing from FlexGuards three index strategies. Prudential and its affiliates are not liable for use of the Stages platform. 5 years: 9%, 9%, 8%, 7%, 6% (California: 8.25%, 8%, 7.75%, 7%, 6%) 7 years: 9%, 9%, 8%, 7%, 6%, 5%, 4% (California: 8.25%, 8%, 7.75%, 7%, 6%, 5%, 4%) Rates will vary based on the surrender charge period chosen. How does the issuer pay for all this? Please consult with your tax and legal advisors regarding your personal circumstances. display: block; In addition to one-year index term options, PruSecure offers three- and ve-year index term options, which may offer more upside potential. Clients' money is not actually invested in any index, but may earn interest based on the indexs performance: In this example, the cap rate is 4%, and the participation rate is 30%. Growth opportunities with added ability to lock in performance. 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. Prudentials iconic Rock symbol has stood for strength, stability, expertise, and innovation for more than a century. startxref 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. Prudential is not responsible for any losses related to decisions whether or not to exercise a Performance Lock. 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. 0000021753 00000 n 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. Other proprietary Fortitude Re marks may be designated as such through the use of the SM or symbols. 0000009917 00000 n 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).. Before purchasing any investment product be sure to do your own due diligence and consult a properly licensed professional, preferably a certified financial planner practitioner,should you have specific questions as they relate to your individual circumstances. Each company (PICA, PLAZ, PLNJ, FLIAC, PAD) is solely responsible for its own financial condition and contractual obligations. 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. Clients seeking information regarding their particular investment needs should contact a financial professional. 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. Check out the current rate sheet. These two index crediting strategies determine how their money may grow. %PDF-1.7 % FlexGuard - NY offers an innovative index crediting strategyunique to Prudential, with access to variable investment options. Mix and match indices, crediting strategies, and index term options to create a customized strategy that helps meet your clients needs. across well-known indices. Variable annuities are distributed by Prudential Annuities Distributors, Inc., Shelton, CT. Retirement products and services are provided by Prudential Retirement Insurance and Annuity Company, Hartford, CT, or its affiliates . %%EOF Neither Bloomberg nor UBS guarantees the timeliness, accurateness, or completeness of any data or information relating to Bloomberg Commodity IndexSM. Subject: Announcing Prudential FlexGuard indexed variable annuity Prudential FlexGuard indexed variable annuity available on or about May 18, 2020 Dear Valued Partner, . FLIAC is in the process of changing its name from Prudential Annuities Life Assurance Corporation (PALAC) in certain jurisdictions. 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. 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. MSCI EAFE (Europe, Australasia, Far East) is a widely accepted benchmark for international stock performance. 0000018563 00000 n 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. Investing in securities involves risk, and there is always the potential of losing money. Please use one of the browsers below or contact your IT department regarding approved options. 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. 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. It is possible to lose money by investing in securities. 0000009414 00000 n FLIAC is in the process of changing its name from Prudential Annuities Life Assurance Corporation (PALAC) in certain jurisdictions. The Prudential Insurance Company of America - California COA # 1179. There is risk of loss of principal if negative index returns exceed the selected protection level. 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: Automatic Performance Lock targets must reflect positive growth in the Performance Lock Value. A fixed indexed annuity (FIA) is a tax-deferred financial tool designed for the long term. Actual cap rates and participation ratesmay be higher or lower. .RIANavActive a:after { Bloomberg is not affiliated with Pruco Life Insurance Company nor approves, endorses, reviews or recommends PruSecure. 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. Year 1: No free withdrawals allowed in the first contract year, unless taken as a Required Minimum Distribution (RMD) that Prudential calculates. Prudentials A.M.Best rating is a A+ along with comdex score of 95. 0000017237 00000 n The tax treatment will differ depending on whether they purchased the annuity with pre-tax (qualified) or after-tax (non-qualified) dollars. Prudential's book value per share also increased slightly in the quarter to $167 per share, which means it has growing shareholder equity to cover losses, even in a pandemic. Minimum Renewal Cap Rate, Participation Rate & Fixed Rate. There is no maximum amount of Index Credit with this strategy. Clients seeking information regarding their particular investment needs should contact a financial professional. A Stable Value Fund First Quarter 2022 Fund Fact Sheet - Page 3 qualified professional. Early withdrawals may result in a loss in addition to applicable surrender charges. position: absolute; trailer Use up and down arrow keys to navigate. Fortitude Re is the marketing name for FGH Parent, L.P. and its subsidiaries, including FLIAC. For additional important information about the products, services and companies that make them available, please click here Opens in a new window.*. 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. For more information, please visit news.prudential.com. 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. Please consult with your tax and legal advisors regarding your personal circumstances. Certain indicesassociated with Index Strategies may be subject to an underlying fee or reduction. 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. During this period, if they withdraw any or all of the money from the annuity, surrender charges and a Market Value Adjustment will apply. In part by charging 0.95% per year on and limiting the income payout rate at age 65 to 4% of the PIV for single owners and 3.5% for joint owners. Growth opportunities are provided by index strategies and variable investment options. 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 Financial, its affiliates, and their financial professionals do not render tax or legal advice. 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. .id-Z7_G802HJS0M0B280QQVMVG6OP8R2 .ibmPortalControl .module { The Performance Value will not fluctuate for the remainder of the existing index strategy term unless there is a withdrawal or reallocation. 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. Early withdrawals may result in a loss in addition to applicable surrender charges. Rates are subject to change at any time. How life can change 'in a split second' A Prudential employee shares her story to help others realize the importance of life insurance.
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