There is no maximum amount of Index Credit with this strategy. for Prudential Investment Management Services, LLC. S&P 500, MSCI EAFE, iSHARES RUSSELL 2000 ETF, and INVESCO QQQ ETF. PruSecure is issued byPruco Life Insurance Company and oers clients these distinct advantages when compared with other fixed indexed annuities: For over 145years, Prudential's Rock symbol has been an icon for nancial strength and stability. 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. } Money in the xed rate strategy is guaranteed to grow at a predetermined interest rate for a period of one year. 0000001537 00000 n 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. Not all term and buffer options are available for each index crediting strategy. 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. * "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. Bloomberg U.S. Intermediate Credit Index:BLOOMBERG is a trademark and service mark of Bloomberg Finance L.P. and its affiliates (collectively "Bloomberg"). Access to policy cash values is through loans and withdrawals. Renewal rates may be different than those listed below. The Initial Term (s) begin on the Issue Date. 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. Contact your wholesaler today and have our team of experts and resources work for you. Slide 7 establishes how rethinking your approach to asset allocation may be smart. The more loss protection or buffer you select, the less upside gain from the index you will receive. The Interim Value does not apply to an Index Strategy on the Index Strategy Start Date and the Index Strategy End Date. 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: . These advisors currently offer only insurance products issued by PICA and its affiliates (Prudential companies). The information is not intended as investment advice and is not a recommendation about managing or investing your retirement savings. (See Important Information Disclosure Statement for additional information about MVAs.) May 18, 2020 8:00AM EDT. When the client purchases FlexGuard - NY you will help them make choices, custom-building their annuity to meet their individual needs and goals. It can be customized based on a clients retirement goals and adjusted as their needs change. 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. Compliance NumberTemplate: 1000797-00012-00. 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. 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. As our customers needs continue to evolve, were working to provide them with new ways to achieve financial security, including offerings that help to diversify their cash values and realize more benefits from their policies, says Salene Hitchcock-Gear, president of Individual Life Insurance at Prudential. 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. You should read the prospectuses carefully before investing. Investing in Prudential FlexGuard or FlexGuard Income's index strategies does not represent a direct investment in an index. A positive or negative MVA may also apply. Investment advisory products and services are made available through Pruco, a registered investment adviser. Variable Annuities and Variable Life Insurance are distributed by Prudential Annuities Distributors, Inc. (PAD), Shelton, CT (main office). 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 . 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. What Will We Cover in this Annuity Review? based on your individual retirement needs and change themes those needs evolve. 1-Year Term 3-Year Term 1-Year Term (Step Rate) 1-Year Term (Fixed Account) Get started today. Clients seeking information regarding their particular investment needs should contact a financial professional. 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).. only and may not be approved in all states. 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. Subject: Announcing Prudential FlexGuard indexed variable annuity Prudential FlexGuard indexed variable annuity available on or about May 18, 2020 Dear Valued Partner, . 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. .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. Transfers from the Index Strategy(ies) to the Variable Subaccounts are not allowed at any time. 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). 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. Prudential Financial, its affiliates, and their financial professionals do not render tax or legal advice. The solution is customizable and can be adjusted based on changing needs, giving consumers the opportunity to take control over their future. 0000001712 00000 n In providing this information, neither Prudential nor any of its affiliates or financial professionals is acting as your ERISA fiduciary. The selections you choose together with your clients are all dependent on their investment goals and their risk tolerance. For more information about FlexGuard Life, visit: prudential.com/landing/indexed-variable-universal-life-insurance. * The 5-year index term can only be elected at contract issue and cannot be renewed. across well-known indices. Investment advisory products and services are made available through Pruco, a registered investment adviser. .RIANavActive a:after { bottom: -18px Neither Prudential Financial, Inc. nor Assurance IQ issues, underwrites, or administers health plans or health insurance policies. kristen.olsen@prudential.com, Marisa Amador This is an independent product review, not a recommendation to buy or sell an annuity. Please consult with your tax and legal advisors regarding your personal circumstances. 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. Typically, the longer the surrender charge period, the higher the fixed rates and index-based cap rates and participation rates. Refer to the prospectus for additional information. 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. 0000046879 00000 n Are you a licensed financial professional? Or download ourclient-approved brochure PDF opens in new window, product prospectus opens in new window and rate sheet PDF Opens in New Window to share with clients and help educate them about FlexGuard - NY. If the Index Return is positive and equal to or greater than the Cap Rate, then the Index Credit is equal tothe Cap Rate. Variable investment options are available but do not offer protection levels. Targets are not available for strategies with a 100% buffer option or the Step Rate Plus Crediting Strategy. and has been licensed to Pruco Life Insurance Company ("Licensee"). 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. PruSecure offers two different ways for your clients to potentially grow their money: an index-based strategy and a xed rate strategy. 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. Variable Annuities and Variable Life Insurance are distributed by Prudential Annuities Distributors, Inc. (PAD), Shelton, CT (main office). Prudential and its affiliates are not liable for use of the Stages platform. Suggestions may appear below after you type 3 letters. Prudential Financial, Inc. whos symbol of the Rock of Gibraltar, has been keeping its promises since 1875. 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. Choose one or a combination of them. Neither Prudential Financial, Inc. nor Assurance IQ issues, underwrites, or administers health plans or health insurance policies. 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 . This product will issue daily. The Prudential FlexGuard Annuity is for investors that want to participate in stock market like return with a loss provision or buffer selected of 10% or 20% a year. If a Performance Lock is executed when thePerformance Lock Value has declined, clientswill lock in any loss. The Insurance Charge is a combination of the Mortality & Expense Risk Charge and the Administration Charge. For more information, please visit news.prudential.com. Topics Protection Income 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. If the index increased by 20% which is greater than the cap rate of 4% the interest credited would be 4%. 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. If they need more than the Free Withdrawal Amount or want to take a withdrawal in the first year, they can withdraw as much of the account value as they need, but keep in mind that surrender charges and a Market Value Adjustment (MVA) will apply. 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. This website is for U.S. persons Opens in a new window only and may not be approved in all states. PCS is not a licensed insurance agency or broker. Suggestions may appear below after you type 3 letters. Prudential Financial, its affiliates, and their financial professionals do not render tax or legal advice. With the help of the buffer, your risk of loss could be lessened. Any allocations to the Index Strategies must occur on an Index Anniversary. References to FLIAC shall be deemed to be references to PALAC in the jurisdictions where the name change is not yet effective. It's up to you to determine if a fixed indexed annuity is suitable for your clients. 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. 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 . Early withdrawals may result in a loss in addition to applicable surrender charges. This link has sublinks - To access press Enter. 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. 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. Clients seeking information regarding their particular investment needs should contact a financial professional. Our new website has recently launched with features that may not be fully supported by your current browser. Performance Locks are as of close of business on the day the automatic target was met or the manual lock in is requested. 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. Statement of Financial Condition for Prudential Investment Management Services, LLC. padding: 0; position: absolute; 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 rate sheet. The Prudential Insurance Company of America - California COA # 1179. 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: Growth opportunities are provided by index strategies and variable investment options. We have also seen a high click-through to the FlexGuard Rate Sheet. It is possible that clientswould have realized less of a loss or no loss if the Performance Lock occurred at a later time, or if the Index Strategy was not locked.Clientswill not receive Index Credit on any locked Index Strategy on the Index Strategy End Date. The information is not intended as investment advice and is not a recommendation about managing or investing a clients retirement savings. The annuity carrier has not endorsed this review in any way nor do we receive any compensation for this review. The tax treatment will differ depending on whether they purchased the annuity with pre-tax (qualified) or after-tax (non-qualified) dollars. Furthermore, the underlying mutual fund fee is 0.83%. 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. Some of the products and services discussed on the Stages site are in development and may not be currently available. . Minimum Renewal Cap Rate, Participation Rate & Fixed Rate. Bloomberg Commodity Index reflects changes in a broad range of commodity futures prices, from crude oil and coffee to gold and cattle. Please reference the prospectus for information about the levels of protection available and other important product information. By using this website, you agree that you have read and agree to our Terms and Conditions. 0000018563 00000 n .RIANavBar li { How does the issuer pay for all this? The buffer will vary by the selected strategy, term length, andindex elected. It can be customized based on a client's retirement goals and adjusted as their needs change. 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. B-Share 6 years: 7%, 7%, 6%, 5%, 4%, 3%; based on the effective date of each Purchase Payment and the percentage of the amount withdrawn from the Purchase Payment, above the free withdrawal amount. 0000005806 00000 n 0000009917 00000 n .RIANavBar li { Launched in May 2020, it features index strategies with buffers that can help limit market losses while providing investors the opportunity for asset growth. } This page specifically focuses on Prudential products. 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 .RIANavBar ul { Each issuing insurance company is solely responsible for its own financial condition and contractual obligations. Please consult with your tax and legal advisors regarding your personal circumstances. Each company (PICA, PLAZ, PLNJ, FLIAC, PAD) is solely responsible for its own financial condition and contractual obligations. 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). Because different indices perform differently under similar market conditions, diversification can help improve your opportunity for growth. Finally, unlike some indexed variable annuities, FlexGuard offers the security of a return of premium legacy benefit at no extra cost. This means if you pass away, your beneficiary will receive the money in your account or the total of the payments you made since the issue date, reduced proportionately by any withdrawals, whichever is greater. There is risk of loss of principal if negative index returns exceed the selected protection level. FlexGuard - NY offers an innovative index crediting strategyunique to Prudential, with access to variable investment options. Caps, Precision Rates, and DPSCs for a 1-year term cannot be less than 1.50%. References to FLIAC shall be deemed to be references to PALAC in the jurisdictions where the name change is not yet effective. Some of the products and services discussed on the Stages site are in development and may not be currently available. 528 36 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. 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. 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. S&P chooses the member companies for the 500 based on market size, liquidity and industry group representation. Please refer to the current rate sheet and prospectus for more information. FLIAC is in the process of changing its name from Prudential Annuities Life Assurance Corporation (PALAC) in certain jurisdictions. Prudential is not responsible for any losses related to decisions whether or not to exercise a Performance Lock. Prudential Financial, Inc. (NYSE: PRU), a global financial services leader and premier active global investment manager, has operations in the United States, Asia, Europe, and Latin America. It is possible to lose money by investing in securities. 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. 0000030064 00000 n Certified Financial Planner will be happy to answer any question, Protect Select a level of protection that will limit losses, Grow- Participate in the limit upside of market indexes. Copywriter: Susanne Bassmann Our Certified Financial Planner professional (CFP) will answer your questions FREE within 24 hours. On an Index Strategy Start Date, the Index Strategy Base applicable to that Index Strategy would be used instead of the Interim Value. It does not reect a specific annuity or an actual account value. In a rising interest rate environment, increases in caps if any, may be substantially slower than increases in interest rates. Actual cap rates and participation ratesmay be higher or lower. 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. Assurance IQ, LLC a wholly-owned subsidiary of Prudential Financial, Inc. matches buyers with products such as life and health insurance and auto insurance, enabling them to make purchases online or through an agent. Use up and down arrow keys to navigate. If you would like information about your particular investment needs, please contact a 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. @media (max-width: 991px) { Each subsidiary is responsible for its own financial condition and contractual obligations. 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. 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. Investing in securities involves risk, and there is always the potential of losing money. 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. 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. Clients have worked hard for their money and want to protect and grow it for the future. Investing in FlexGuard Lifes Index Strategies does not represent a direct investment in an index. Comprehensive financial planning offered through the Stages channel is more limited in scope than comprehensive financial planning offered through the Prudential Advisors distribution channel. Index lossesthat exceed the buffer will result in a loss of Account Value. to grow your money in up markets by choosing from FlexGuards three index strategies. Renewal Cap Rates and Participation Rates may be higher or lower than the initial rates, but will never be less than the Guaranteed Minimum Rates.