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. Variable Annuities and Variable Life Insurance are distributed by Prudential Annuities Distributors, Inc. (PAD), Shelton, CT (main office). As of September 2021, the FlexGuard Challenge has received 3,274 unique visitors and 19,116 total page views and has resulted in over 9,350 unique leads. Use up and down arrow keys to navigate. Compliance NumberTemplate: 1000797-00012-00. This is an independent review for you to see the pros and cons of this particular annuity. The client'smoney is not actually invested in any index, but may earn interest credits based on the indexs performance. This website is for U.S. persons Opens in a new window only and may not be approved in all states. Fortitude Re is the marketing name for FGH Parent, L.P. and its subsidiaries, including FLIAC. References to FLIAC shall be deemed to be references to PALAC in the jurisdictions where the name change is not yet effective. Clients have worked hard for their money and want to protect and grow it for the future. 0000019833 00000 n Prudential Financial, its affiliates, and their financial professionals do not render tax or legal advice. 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. Prudential Financial, Inc. whos symbol of the Rock of Gibraltar, has been keeping its promises since 1875. 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). 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. Change of Ownership terminates the Return of Purchase Payments death benefit. 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).. 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 Financial was founded by soon to be US senator John Dryden in 1875 with its one product of burial insurance. Taken from the interactive chart above the buffer annuity invested in the S&P 500 index over the last 20 years gain more than $86,000 than the S&P 500 index. That was an increase of 45% gain from limiting market losses with the 20% market protection each year. Click the chart to see how it works. Clients seeking information regarding their particular investment needs should contact a financial professional. } 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 . The information is not intended as investment advice and is not a recommendation about managing or investing your retirement savings. Prudential FlexGuard Income indexed variable annuity: current rates Effective Date: 12/15/2022 This new business rate sheet provides the Cap Rates, Step Rates, Participation Rates and Tier Levels as set by Prudential effective as of the date above. 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. It does not reect a specific annuity or an actual account value. After a Performance Lock has occurred funds remain allocated to the index strategy, but the client no longer participates in the index performance, both positive or negative, for the remainder of the existing index strategy term. MSCI EAFE (Europe, Australasia, Far East) is a widely accepted benchmark for international stock performance. These advisors currently offer only insurance products issued by PICA and its affiliates (Prudential companies). for Prudential Investment Management Services, LLC. * The 5-year index term can only be elected at contract issue and cannot be renewed. During this period, if they withdraw any or all of the money from the annuity, surrender charges and a Market Value Adjustment will apply. 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. 0000011656 00000 n Fixed indexed annuitiesare not FDIC-insured and have limitations and surrender charges. Bloomberg or Bloomberg's licensors, own all proprietary rights in the Bloomberg Indices. margin: auto; +1 201-835-4872 only and may not be approved in all states. The experience has also seen over 400 users click through to the FlexGuard Modeling Tool. 0000009917 00000 n 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. Fortitude Re has retained PICA as an unaffiliated Third-Party Administrator. Prudential Retirement Insurance and Annuity Company - California COA # 08003. Prudential and its affiliates are not liable for use of the Stages platform. Clients seeking information regarding their particular investment needs should contact a financial professional. 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. A floor offers 100% downside protection in the event of a market loss. 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. The Performance Lock Value, which is different than the Interim Value, is adjusted for any withdrawals or reallocations that occur prior to the Index Strategy End Date. 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. The more loss protection or buffer you select, the less upside gain from the index you will receive. Some of the products and services discussed on the Stages site are in development and may not be currently available. FlexGuard, Prudential Financial's first indexed variable annuity product, achieved $1 billion in sales less than six months after launch, making it the fastest-selling product of its kind ever . A Stable Value Fund First Quarter 2022 Fund Fact Sheet - Page 3 qualified professional. Other proprietary Fortitude Re marks may be designated as such through the use of the SM or symbols. Not For Use with the Public. bottom: -18px Please consult with your tax and legal advisors regarding your personal circumstances. Marketing and training materials contained on these websites need to be approved by the Prudential Retirement Strategies Marketing Compliance Unit prior to use. 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 . Refer to the prospectus for additional information. Prudential Financial, Inc. of the United States 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 MG plc, a company incorporated in the United Kingdom. A fixed indexed annuity (FIA) is a tax-deferred financial tool designed for the long term. Variable investment options are offered with this product; however, are not included for illustration purposes and do not offer downside protection. 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. For additional important information about the products, services and companies that make them available, please click here Opens in a new window.*. 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. 0000001036 00000 n 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. June 4, 2022; By ; sterile processing technician jobs; prudential flexguard rate sheet . 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. A positive or negative MVA may also apply. xref Check out the current rate sheet. 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. 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). 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. This area is reserved for members of the news media. Contact your wholesaler today and have our team of experts and resources work for you. This website is for U.S. persons Opens in a new window only and may not be approved in all states. Actual cap rates and participation ratesmay be higher or lower. 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. 0000001346 00000 n marisa.amador@prudential.com, Amid market volatility, Prudentials innovative investment strategy meets increased need for asset protection. <]/Prev 624911/XRefStm 1346>> 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 BufferQuote.comfor available fee-only buffer annuities, FlexGuard is a customizable indexed variable annuity that allows you to make choices. There is no maximum amount of Index Credit with this strategy. The cap rate is the maximum amount of interest that can be credited during a specific index term. Flexguard Income is issued by Pruco Life Insurance Company CT disclosure MN disclosure Please consult with your tax and legal advisors regarding your personal circumstances. 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. 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. For Compliance Use Only: 1003626-00008-00. . Compliance NumberTemplate: 1000797-00012-00, At least characters must be typed in the search field in order to perform the search. 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. If they make a full withdrawal of the annuity, they will receive the greater of the account value (minus any surrender charges and adjusted by any applicable MVA) and the Minimum Guaranteed Surrender Value. Some of the products and services discussed on the Stages site are in development and may not be currently available. left: 50%; Use our income modeling tool Current Index Strategy Rates and Caps Current Income Percentages and Deferral Rates CT disclosure 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. 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. Any growth is based on the index return. Interest credited with the participation rate would be 30% of 3%, which is equal to 0.90%. 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. 0000001712 00000 n 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. This website is for U.S. persons Opens in a new window only and may not be approved in all states. The information is not intended as investment advice and is not a recommendation about managing or investing your retirement savings. 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. 2023 Prudential Financial, Inc. and its related entities. Featured News Stories. FlexGuard - NY also offers variable investment options which can be mixed and matched in any percentage. Other proprietary Fortitude Re marks may be designated as such through the use of the SM or symbols. Annuities are one of the few strategies that can accomplish both secured growth and guaranteed income. 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. Prudential Financial, its affiliates, and their financial professionals do not render tax or legal advice. Our Certified Financial Planner professional (CFP) will answer your questions FREE within 24 hours. 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. /* .RIANavActive a:before { Bloomberg Commodity Index reflects changes in a broad range of commodity futures prices, from crude oil and coffee to gold and cattle. With FlexGuard - NYs Cap Rate index strategy, clients receive any positive index growth up to an upper limit (called a cap). *The 5-year index term can only be elected at contract issue and cannot be renewed. Rates, buffers, and floors can also be different for each index option. Prudential Annuities does not provide investment advice. position: absolute; This indexed variable annuity, also called an Registered Indexed Linked annuity, RILA, Buffer annuity, will likely be presented on three ideas: 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. Not for Consumer Use. It offers you lifetime income with levels of protection and growth potentialbefore and after you start income. Copywriter: Susanne Bassmann 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. Compliance NumberTemplate: 1000797-00012-00. 528 36 Investment advisory products and services of LINK by Prudential are made available through PCS, an SEC registered investment adviser. For additional important information about the products, services and companies that make them available, please click here Opens in a new window.*. Investing in securities involves risk, and there is always the potential of losing money. 0000024403 00000 n 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. This link has sublinks - To access press Enter. Neither Prudential Financial, Inc. nor Assurance IQ issues, underwrites, or administers health plans or health insurance policies. Fortitude Re and the Fortitude Re logo are service marks of Fortitude Group Holdings, LLC and its affiliates. 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. What Will We Cover in this Annuity Review? FlexGuard Life performs exactly in that way, prioritizing protection, growth and access.. These rates are set by Prudential Annuities and effective as of the date indicated above. which may help limit loss in down markets, partially shielding your account in the case ofa negative index return. 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. This is a hypothetical example for illustrative purposes only. Prudential FlexGuard commissionable annuity (B-shares) have a 6 year surrender charge starting at 7% charge in the first year and second year following with a 1% reduction every year after that. This product will issue daily. The commission-based version launches today, with a fee-based version of FlexGuard . 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. We have also seen a high click-through to the FlexGuard Rate Sheet. 0000010202 00000 n One of the advantages of PruSecure is that there are no annual contract or administrative fees. 0000009387 00000 n For more information about the product, including the other index crediting strategies, please refer to the client brochures, fact cards, and product prospectuses. FlexGuard - NY is issued byPruco Life Insurance Company. It is generally more profitable to Prudential if you purchase insurance products that are issued by a Prudential company than a non-Prudential company. +1 973-802-8969 0 Prudential Financial, Inc. of the United States 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 MG plc, a company incorporated in the United Kingdom. . 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 . All products and/or options may not be available in all states or with all broker/dealers. How life can change 'in a split second' A Prudential employee shares her story to help others realize the importance of life insurance. Early withdrawals may result in a loss in addition to applicable surrender charges. Partner with us, and well invest in you. Each subsidiary is responsible for its own financial condition and contractual obligations. Ifclients are looking to protect their money from market loss and still want the potential for growth, the PruSecure Fixed Indexed Annuity offers them both. 0000030064 00000 n 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. 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. Term: The number of years that the Shield Option is in effect. 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.