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. Interest credited with the participation rate would be 30% of 3%, which is equal to 0.90%. With the help of the buffer, your risk of loss could be lessened. FlexGuard - NY and all its features may not be approved in allbroker-dealers. } 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. This area is reserved for members of the news media. 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. Variable annuities are distributed by Prudential Annuities Distributors, Inc., Shelton, CT. 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 clients or prospective clients. 0000010749 00000 n " As I mentioned, the Flexguard annuity has ZERO fees if invested in the segments and offers up to 20% downside protection. Compliance NumberTemplate: 1000797-00012-00, At least characters must be typed in the search field in order to perform the search. Performance Locks are as of close of business on the day the automatic target was met or the manual lock in is requested. %%EOF The information is not intended as investment advice and is not a recommendation about managing or investing a clients retirement savings. Variable Annuities and Variable Life Insurance are distributed by Prudential Annuities Distributors, Inc. (PAD), Shelton, CT (main office). Please refer to the current rate sheet and prospectus for more information. In providing this information, neither Prudential nor any of its affiliates or financial professionals is acting as your ERISA fiduciary. 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. 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. Mix and match indices, crediting strategies, and index term options to create a customized strategy that helps meet your clients needs. .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. FlexGuard Challenge - Dual Directional - Ceros Each subsidiary is responsible for its own financial condition and contractual obligations. 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 * See current PruSecure Advisor rate sheetPDF opens in a new window, Surrender Charge Options Rates will vary based on the surrender charge option chosen, 5 years: 2%, 2%, 2%, 2%, 2% 7 years: 2%, 2%, 2%, 2%, 2%, 2%, 2%. See current PruSecure Select rate sheetPDF opens in a new window, Index-Based Strategy with Point-to-Point Crediting with Cap Rate. Clients have worked hard for their money and want to protect and grow it for the future. Copywriter: Susanne Bassmann startxref In cases where the duration of the index term is shorter than the length of the surrender charge period, your clients may need to renew or reallocate their strategy selections one or more times before the surrender charge period ends. They decide the percentage of their money to allocate to each and the term of each index-based strategy. 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. 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. kristen.olsen@prudential.com, Marisa Amador Prudential FlexGuard reaches $10B total sales milestone at record pace 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"). 563 0 obj <>stream Slide 7 establishes how rethinking your approach to asset allocation may be smart. 0000009387 00000 n Prudential, also known as "The Rock," has been in business for nearly 140 years. 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 link has sublinks - To access press Enter. 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. 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. Are you a licensed financial professional? Investment advisory products and services are made available through Pruco, a registered investment adviser. 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. Investors should carefully consider the features of the contract, index strategies, and the underlying portfolios' investment objectives, policies, management, risks, charges and expenses. /* .RIANavActive a:before { Prudential launches FlexGuard Income indexed variable annuity - a new 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. The stock price is. border-right: 10px solid transparent; Prudential Defined Income Variable Annuity Review only and may not be approved in all states. Interest credited with the participation rate would be 30% of the 20% increase, which equals 6%. list-style-type: none; Investing in a variable annuity may be the answer for part of your overall retirement strategy. For Compliance Use Only: 1003626-00008-00. It does not reect a specific annuity or an actual account value. Date Monday, April 20, 2020 2:00 PM Subject: Announcing Prudential only and may not be approved in all states. 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. Shield Rates | Brighthouse Financial Unsettled times require a new approach to retirement | Prudential Step Rate Plus Index Strategy Underperform: height: 100%; The floor is always 0%. 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. 0000017237 00000 n 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 . 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. FlexGuard indexed variable annuity | Prudential Financial 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: . If the Index Return is negative, but less than or equal to the Buffer, the Index Credit is zero. } The initial summary prospectus for the contract, the prospectus for the index strategies, and the prospectus or summary prospectus for the underlying portfolios (collectively, the prospectuses) contain this information as well as other important information. Allianz Life Insurance Company Review - My Annuity Store, Inc. These advisors currently offer only insurance products issued by PICA and its affiliates (Prudential companies). Prudential Financial, its affiliates, and their financial professionals do not render tax or legal advice. } 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. 0000030460 00000 n 0000015975 00000 n Choose one or a combination of them. 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. Top-Selling Annuity Contracts, First Qtr 2021 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. . 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. At the time your clients purchase the contract, they may select a 5- or 7-year surrender charge period, which is the amount of time they must wait until they can withdraw funds from their annuity without facing a penalty charge. 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. Early withdrawals may result in a loss in addition to applicable surrender charges. Furthermore, the underlying mutual fund fee is 0.83%. Index Advantage Income Rates | Allianz Life Allianz Life Insurance Company was #1 in U.S. 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. and has been licensed to Pruco Life Insurance Company ("Licensee"). Year 1: No free withdrawals allowed in the first contract year, unless taken as a Required Minimum Distribution (RMD) that Prudential calculates. 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. 1-Year Term 3-Year Term 1-Year Term (Step Rate) 1-Year Term (Fixed Account) Get started today. 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. only and may not be approved in all states. -webkit-transform: translate(-50%, -50%); The Prudential Life Insurance Company of America Newark, NJ. Available Buffers, which may vary by Index Strategy, are 10%, 15%, and 20%. The Initial Term (s) begin on the Issue Date. Prudential FlexGuard reaches $10B total sales milestone at - Newsroom If youre considering this annuity and have additional questions, feel free contact us via oursecure contact form. Prudential Financial, Inc. whos symbol of the Rock of Gibraltar, has been keeping its promises since 1875. Group Insurance coverages are issued by The Prudential Insurance Company of America, a Prudential Financial company, Newark, NJ. 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. 528 36 Prudential Financial Launches FlexGuard Life, a Next-Generation - Yahoo 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. Comprehensive financial planning offered through the Stages channel is more limited in scope than comprehensive financial planning offered through the Prudential Advisors distribution channel. Comprehensive financial planning offered through the Stages channel is more limited in scope than comprehensive financial planning offered through the Prudential Advisors distribution channel. FlexGuard Income indexed variable annuity | Prudential Financial Receive alerts on new stories, articles, and more by subscribing to one or more RSS Feeds. You should consider the investment objectives, risks, and charges and expenses carefully before investing in the contract and/or underlying portfolios. Otherwise, theIndex Credit is equal to the negative Index Return in excess of the Buffer. There may typically be upper limits known as cap rates and participation rates, on the amount of potential interest credited in a given period, as well as a floor that offers downside protection. Rates are subject to change at any time. This is an independent product review, not a recommendation to buy or sell an annuity. With an FIA, your clients money is not actually invested in any index, but rather may earn interest based on the indexs performance. The Interim Value is the value of an Index Strategy on any Valuation Day during an Index Strategy Term. Dividend Yield % explanation, calculation, historical data and more PDF Prudential Annuities Prudential FlexGuard indexed variable annuitiy
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