How life can change 'in a split second' A Prudential employee shares her story to help others realize the importance of life insurance. Please consult with your tax and legal advisors regarding your personal circumstances. FlexGuard Life offers buffered index strategies with potential for strong cash value accumulation, while also providing levels of downside protection during periods of market volatility. } PCS is not a licensed insurance agency or broker. With the help of the buffer, your risk of loss could be lessened. Other proprietary Fortitude Re marks may be designated as such through the use of the SM or symbols. There is risk of loss of principal if negative index returns exceed the selected protection level. Fortitude Re is the marketing name for FGH Parent, L.P. and its subsidiaries, including FLIAC. Prudential will not warn clientsif theyexercise a Performance Lock at a sub-optimal time. 2023 Prudential Financial, Inc. and its related entities. The tax treatment will differ depending on whether they purchased the annuity with pre-tax (qualified) or after-tax (non-qualified) dollars. Statement of Financial Condition for Prudential Investment Management Services, LLC. Change of Ownership terminates the Return of Purchase Payments death benefit. 0000011036 00000 n 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. border-bottom: 10px solid #ccc; 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. It is possible to lose money by investing in securities. It offers you lifetime income with levels of protection and growth potentialbefore and after you start income. Not available in New York. 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. Fortitude Re and the Fortitude Re logo are service marks of Fortitude Group Holdings, LLC and its affiliates. Group Insurance coverages are issued by The Prudential Insurance Company of America, a Prudential Financial company, Newark, NJ. 0000046879 00000 n Tier Levels may be higher or lower than the initial Tier Level, but will never be higher than the Guaranteed Maximum Tier Level. Index lossesthat exceed the buffer will result in a loss of Account Value. 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. It is not possible to invest directly in an index. FlexGuard - NY and all product features are not approved for use in all states or through all broker-dealers. for Prudential Investment Management Services, LLC. All guarantees, including any optional benefits, are subject to the claims-paying ability and financial strength of the issuing insurance company. Available through Registered Investment Advisors; offers similar features and options as the PruSecure Fixed Indexed Annuity. For more information, please visit news.prudential.com. By using this website, you agree that you have read and agree to our Terms and Conditions. Suggestions may appear below after you type 3 letters. Available through certain broker/dealers and offers select index-based strategies and terms. This website is for U.S. persons Opens in a new window only and may not be approved in all states. Clients seeking information regarding their particular investment needs should contact a financial professional. Bloomberg or Bloomberg's licensors, own all proprietary rights in the Bloomberg Indices. @media (max-width: 991px) { During this period, if they withdraw any or all of the money from the annuity, surrender charges and a Market Value Adjustment will apply. Comprehensive financial planning offered through the Stages channel is more limited in scope than comprehensive financial planning offered through the Prudential Advisors distribution channel. 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. border-right: 10px solid transparent; You will not receive a written financial plan or investment recommendations as part of the no cost consultation. 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 . Also, its important to note that if they take a withdrawal or annuitize the contract, taxes will apply. FlexGuard - NY is issued byPruco Life Insurance Company. Certain indicesassociated with Index Strategies may be subject to an underlying fee or reduction. References to FLIAC shall be deemed to be references to PALAC in the jurisdictions where the name change is not yet effective. bottom: -18px Your licensed financial professional can provide you with complete details. Mix and match indices, crediting strategies, and index term options to create a customized strategy that helps meet your clients needs. .RIANavBar li { Fortitude Re and the Fortitude Re logo are service marks of Fortitude Group Holdings, LLC and its affiliates. 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. .RIANavBar li { Caps for the 3-year term cannot be less than 5% and for a 6-year term cannot be less than 10%. and has been licensed to Pruco Life Insurance Company ("Licensee"). The Cap Rate is the maximum rate that may be credited to this strategy. 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. Rates are subject to change at any time. Term: The number of years that the Shield Option is in effect. NEWARK, N.J., August 04, 2022--Prudential Financial, Inc. (NYSE: PRU) announced that its FlexGuard product has reached a $10 billion total sales milestone since its launch in 2020, making it the . It does not reect a specific annuity or an actual account value. Pruco Life Insurance Company, an Arizona company - California COA # 3637. A Stable Value Fund First Quarter 2022 Fund Fact Sheet - Page 3 qualified professional. Growth opportunities are provided by index strategies and variable investment options. 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. These advisors currently offer only insurance products issued by PICA and its affiliates (Prudential companies). Prudential Retirement Insurance and Annuity Company - California COA # 08003. * "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. You should read the prospectuses carefully before investing. 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. An allocation to the index options is not a purchase of shares of any stock or index fund or a direct . margin: 0; 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. This is a hypothetical example for illustrative purposes only. } 0000008048 00000 n Investment advisory products and services are made available through Pruco, a registered investment adviser. Partial downside protection is provided through the bufferwhere index losses within the buffer are protected. across well-known indices. FLIAC is in the process of changing its name from Prudential Annuities Life Assurance Corporation (PALAC) in certain jurisdictions. 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. content: ""; 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. 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. Annuities are one of the few strategies that can accomplish both secured growth and guaranteed income. If the Index Return is greater than or equal tothe declared Tier Level, the Index Credit is the sum of the Tier Level Index Return multiplied by theParticipation Rate for the 1st tier and the remaining Index Return multiplied by the Participation Rate forthe 2nd tier. 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: . You will not receive a written financial plan or investment recommendations as part of the no cost consultation. 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. The Initial Term (s) begin on the Issue Date. Bloomberg Commodity Index reflects changes in a broad range of commodity futures prices, from crude oil and coffee to gold and cattle. 0000030460 00000 n Minimum Renewal Cap Rate, Participation Rate & Fixed Rate. bottom: -20px Please use one of the browsers below or contact your IT department regarding approved options. Sales of the FlexGuard Suite annuities, which are the variable annuities that Prudential most wants to sell, decreased to $1.1 billion, from $1.4 billion. Unique to Prudential, FlexGuard - NYs 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. Comprehensive financial planning offered through the Stages channel is more limited in scope than comprehensive financial planning offered through the Prudential Advisors distribution channel. Gains or losses are assessed at the end of each index. 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. 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. In providing this information, neither Prudential nor any of its affiliates or financial professionals is acting as your ERISA fiduciary. 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. Index-linked variable annuity products are complex insurance and investment vehicles. Not For Use with the Public. 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. This link has sublinks - To access press Enter. 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. 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. Investment advisory products and services are made available through Pruco, a registered investment adviser. Our Certified Financial Planner professional (CFP) will answer your questions FREE within 24 hours. 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. A copy of the prospectuses may be obtained from prudential.com or your financial professional. The experience has also seen over 400 users click through to the FlexGuard Modeling Tool. 0 0000021753 00000 n 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. based on your individual retirement needs and change themes those needs evolve. 0000009414 00000 n hb``f``b`e`~bl,+00e@L. 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. Prudential FlexGuard Life is issued by Pruco Life Insurance Company and offered through Pruco Securities, LLC (member SIPC). 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).
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