padding: 15px 0 15px 0; But why should they have to sacrifice one for the other? Created Exclusively for Use by Financial Professionals. 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. The cap rate is the maximum amount of interest that can be credited during a specific index term. 1 If youd like to see Fortitude Re product information, please click here opens in new window. The tax treatment will differ depending on whether they purchased the annuity with pre-tax (qualified) or after-tax (non-qualified) dollars. Today the Prudential fee amounts to 1.9% but a few years down the line you may be paying 2.6%! Asset allocation and rebalancing do not ensure a profit or guarantee against loss. As you help your clients plan for a more secure tomorrow, you'll want to work with a company you know and trust. References to FLIAC shall be deemed to be references to PALAC in the jurisdictions where the name change is not yet effective. Perseus Mining (TSX:PRU) Dividend Yield % as of today (March 01, 2023) is 1.25%. Investing in a variable annuity may be the answer for part of your overall retirement strategy. For Financial Professional Use Only. 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. Investing in FlexGuard Lifes Index Strategies does not represent a direct investment in an index. "Prudential Advisors" is a brand name of The Prudential Insurance Company of America and its subsidiaries. Copyright 2019-2023 Annuity Look 1-800-325-1833, Annuity Company Issuer Review: Prudential Financial. Please use one of the browsers below or contact your IT department regarding approved options. 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 NEWARK, N.J. -- (BUSINESS WIRE)-- Prudential Financial, Inc. ( NYSE: PRU ), launched FlexGuard today, the company's first indexed variable annuity product, designed . 0000029765 00000 n Each company (PICA, PLAZ, PLNJ, FLIAC, PAD) is solely responsible for its own financial condition and contractual obligations. Available through Registered Investment Advisors; offers similar features and options as the PruSecure Fixed Indexed Annuity. 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. -webkit-transform: translate(-50%, -50%); It can be customized based on a clients retirement goals and adjusted as their needs change. In a rising interest rate environment, increases in caps if any, may be substantially slower than increases in interest rates. .RIANavBar ul { Investment advisory products and services are made available through Pruco, a registered investment adviser. Marketing and training materials contained on these websites need to be approved by the Prudential Retirement Strategies Marketing Compliance Unit prior to use. Fortitude Re has retained PICA as an unaffiliated Third-Party Administrator. Investing in securities involves risk, and there is always the potential of losing money. FlexGuard sales totaled $1.6 billion in the first quarter, representing 84% of total annuity sales, up from $1.2 billion in the fourth quarter of 2020, he said. "Prudential Advisors" is a brand name of The Prudential Insurance Company of America and its subsidiaries. Buffer. These advisors currently offer only insurance products issued by PICA and its affiliates (Prudential companies). With FlexGuard - NYs Cap Rate index strategy, clients receive any positive index growth up to an upper limit (called a cap). Group Insurance coverages are issued by The Prudential Insurance Company of America, a Prudential Financial company, Newark, NJ. Please consult with your tax and legal advisors regarding your personal circumstances. margin: 20px 0; The fund's sponsor has no legal obligation to provide financial support to the fund, and you should not expect that the sponsor will provide financial support to the fund at any time. 0000009917 00000 n In providing this information, neither Prudential nor any of its affiliates or financial professionals is acting as your ERISA fiduciary. 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. 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. 0000005742 00000 n Prudential FlexGuard Indexed Variable Annuity Initial Summary Prospectus (Variable Prospectus) * Index Prospectus * Updating Summary Prospectus (Variable Prospectus) Variable Product Prospectus Prudential FlexGuard Income indexed Variable Annuity Initial Summary Prospectus (Variable Prospectus) * Index Prospectus * Prudential LINK and LINK by Prudential occasionally may be referred to as LINK. With the help of the buffer, your risk of loss could be lessened. 2023 Prudential Financial, Inc. and its related entities. 0000011036 00000 n Prudential Financial, Inc.is an Fortune 500 and S&P 500 company whose subsidiaries provideinsurance,investment management, and other retirement financial products to bothretailandinstitutional customers. 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. Prudential Financial, its affiliates, and their financial professionals do not render tax or legal advice. 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 . 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. 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. Fortitude Re and the Fortitude Re logo are service marks of Fortitude Group Holdings, LLC and its affiliates. Investing in Prudential FlexGuard or FlexGuard Income's index strategies does not represent a direct investment in an index. and has been licensed to Pruco Life Insurance Company ("Licensee"). On an Index Strategy End Date, the Index Strategy Base plus the Index Credit applicable to that Index Strategy would be used instead of the Interim Value. trailer 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. Prudential Financial, its affiliates, and their financial professionals do not render tax or legal advice. Kristen Olsen 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. 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. Transfers from the Index Strategy(ies) to the Variable Subaccounts are not allowed at any time. 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. 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. 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. How does the issuer pay for all this? 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. Variable investment options are offered with this product; however, are not included for illustration purposes and do not offer downside protection. .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. For complete product information, please reference the client brochure PDF opens in new window, rate sheet PDF opens in a new window, and product prospectus. 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. The contract number is IVUL-2022 and may be followed by a state code. Allianz Life Insurance Company was #1 in U.S. The buffer will vary by the selected strategy, term length, andindex elected. FlexGuard - NY also offers variable investment options which can be mixed and matched in any percentage. bottom: -20px Early withdrawals may result in a loss in addition to applicable surrender charges. 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. xref 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. 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. Money in the xed rate strategy is guaranteed to grow at a predetermined interest rate for a period of one year. 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. FlexGuard - NY is issued by Pruco Life Insurance Company. Prudential Financial 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 M&G plc, a company incorporated in the United Kingdom. Our new website has recently launched with features that may not be fully supported by your current browser. Fortitude Re has retained PICA as an unaffiliated Third-Party Administrator. Clients should read the prospectuses carefully before investing. 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. Dividend Yield % explanation, calculation, historical data and more Prudential charges 1.1% annually plus 0.8% for its Defined Income Benefit (but reserves the right to increase this fee to 1.5%). 0000005920 00000 n only and may not be approved in all states. An allocation to the index options is not a purchase of shares of any stock or index fund or a direct . border-bottom: 10px solid #002247; %%EOF 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. In providing this information, neither Prudential nor any of its affiliates or financial professionals is acting as your ERISA fiduciary. All guarantees, including any optional benefits, are subject to the claims-paying ability and financial strength of the issuing insurance company. FlexGuard Life performs exactly in that way, prioritizing protection, growth and access.. The Initial Term (s) begin on the Issue Date. 0000061397 00000 n 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. 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. Neither Prudential Financial, Inc. nor Assurance IQ issues, underwrites, or administers health plans or health insurance policies. Not all term and buffer options are available for each index crediting strategy. 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. 1-Year Term 3-Year Term 1-Year Term (Step Rate) 1-Year Term (Fixed Account) Get started today. 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. For example, if a RILA or buffer annuity has selected the optional 20% S&P 500 index protection against a market loss over one year period, an investors account would lose only 8% of its value if the market dropped by 28% in that given year because of the buffer annuity protects the first 20% loss from the market. 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. 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, Certain securities products and services are offered through Pruco Securities, LLC and Prudential Investment Management Services, LLC, both members. 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. 0000010749 00000 n It affords them access to cash values when needed, providing the unique opportunity to leave a legacy while also expanding access to living benefits. Clients seeking information regarding their particular investment needs should contact a financial professional. 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. The buffer is the amount the Account Value is protected in the case of a negative index return. Investment advisory products and services are made available through Pruco, a registered investment adviser. FlexGuard - NY and all its features may not be approved in allbroker-dealers. See current PruSecure Select rate sheetPDF opens in a new window, Index-Based Strategy with Point-to-Point Crediting with Cap Rate. } Mix and match indices, crediting strategies, and index term options to create a customized strategy that helps meet your clients needs. which may help limit loss in down markets, partially shielding your account in the case ofa negative index return. Annuities are one of the few strategies that can accomplish both secured growth and guaranteed income. In this annuity review we will be going over annuity details regarding the Prudential Flex Guard Structed Variable annuity. Prudential and its affiliates are not liable for use of the Stages platform.