As of 2019, the Newark New Jersey company Prudential is the largest insurance provider in the United States with $815.1 billion in total assets. 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. A positive or negative MVA may also apply. FlexGuard - NY and all product features are not approved for use in all states or through all broker-dealers. FlexGuards three index strategies include a cap rate strategy, which allows you to earn interest on any index growth up to a defined limit, called a cap; as well as two index. 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. In a rising interest rate environment, increases in caps if any, may be substantially slower than increases in interest rates. Prudential FlexGuard Life and all product features are not approved for use in all states or through all broker-dealers. Prudential is not responsible for any losses related to decisions whether or not to exercise a Performance Lock. Variable Annuities and Variable Life Insurance are distributed by Prudential Annuities Distributors, Inc. (PAD), Shelton, CT (main office). 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. FlexGuard Income is initially available through Prudential Advisors financial professionals and will expand to additional, third-party broker dealers in fall 2021. .RIANavActive a { Gains or losses are assessed at the end of each term. 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. Caps, Precision Rates, and DPSCs for a 1-year term cannot be less than 1.50%. Fixed indexed annuitiesare not FDIC-insured and have limitations and surrender charges. Prudential reserves the right to change rates at any time. 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. Partial downside protection is provided through the bufferwhere index losses within the buffer are protected. Receiving benefits under the terms of an accelerated death benefit rider for chronic or terminal illness will reduce and may eliminate the death benefit. The Interim Value does not apply to an Index Strategy on the Index Strategy Start Date and the Index Strategy End Date. Launched in May 2020, it features index strategies with buffers that can help limit market losses while providing investors the opportunity for asset growth. Surrender charges/fees and periods for this annuity are the typical of most commissionable annuities. 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. S&P 500 Index is a market capitalization-weighted index of the 500 widely held stocks often used as a proxy for the stock market. } Please consult with your tax and legal advisors regarding your personal circumstances. In providing this information, neither Prudential nor any of its affiliates or financial professionals is acting as your ERISA fiduciary. A Stable Value Fund First Quarter 2022 Fund Fact Sheet - Page 3 qualified professional. Prudential FlexGuard Life is issued by Pruco Life Insurance Company and offered through Pruco Securities, LLC (member SIPC). These advisors currently offer only insurance products issued by PICA and its affiliates (Prudential companies). startxref
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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. It affords them access to cash values when needed, providing the unique opportunity to leave a legacy while also expanding access to living benefits. 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. 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. 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 and its affiliates are not liable for use of the Stages platform. The more loss protection or buffer you select, the less upside gain from the index you will receive. FlexGuard - NY also offers variable investment options which can be mixed and matched in any percentage. 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. 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. 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. 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). .RIANavBar li { On an Index Strategy Start Date, the Index Strategy Base applicable to that Index Strategy would be used instead of the Interim Value. position: absolute; How does the issuer pay for all this? } Each index strategy determines how your money can grow and calculates the interest you can earn differently. 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. The Insurance Charge is a combination of the Mortality & Expense Risk Charge and the Administration Charge. -webkit-transform: translate(-50%, -50%); Clients should read the prospectuses carefully before investing. "Prudential Advisors" is a brand name of The Prudential Insurance Company of America and its subsidiaries. FlexGuard - NY is issued byPruco Life Insurance Company. .RIANavActive a:after { As you help your clients plan for a more secure tomorrow, you'll want to work with a company you know and trust. Subject: Announcing Prudential FlexGuard indexed variable annuity Prudential FlexGuard indexed variable annuity available on or about May 18, 2020 Dear Valued Partner, . NEWARK, N.J., June 15, 2021 - Prudential Financial Inc. ( NYSE: PRU ), 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. A surrender charge, or Contingent Deferred Sales Charge (CDSC), may apply in the event of an early withdrawal from the annuity. With an FIA, your clients money is not actually invested in any index, but rather may earn interest based on the indexs performance. Other proprietary Fortitude Re marks may be designated as such through the use of the SM or symbols. Use up and down arrow keys to navigate. 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. If youd like to see Fortitude Re product information, please click here opens in new window. 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. LINK by Prudential is an umbrella marketing name for Prudential Customer Solutions LLC ("PCS"), Prudential Annuities Distributors, Inc. and various subsidiaries of The Prudential Insurance Company of America. Annuities are issued by Pruco Life Insurance Company of New Jersey located in Newark, NJ (main office). border-left: 10px solid transparent; Topics Protection Income 0000061397 00000 n
Annuities are one of the few strategies that can accomplish both secured growth and guaranteed income. Use up and down arrow keys to navigate. 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. Contact your wholesaler today and have our team of experts and resources work for you. Growth opportunities with added ability to lock in performance. Certain indicesassociated with Index Strategies may be subject to an underlying fee or reduction. 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. height: 100%; For Compliance Use Only: 1003626-00008-00. 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 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. Allocations among variable investment options can happen at any time. padding: 0; The Cap Rate is the maximum rate that may be credited to this strategy. It is a free float-adjusted market capitalization index that is designed to measure the equity market performance of 21 developed markets, excluding the U.S. and Canada. 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. and has been licensed to Pruco Life Insurance Company ("Licensee"). 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. You will not receive a written financial plan or investment recommendations as part of the no cost consultation. This website is for U.S. persons only and may not be approved in all states. 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. padding: 15px 0 15px 0; FlexGuard - NY's Index Strategies do not represent a direct investment in an index. NEWARK, N.J. -- (BUSINESS WIRE)-- Prudential Financial, Inc. ( NYSE: PRU ), launched FlexGuard today, the company's first indexed variable annuity product, designed . bottom: -18px 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. This is an independent review for you to see the pros and cons of this particular annuity. 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. opens in new window. 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. CDs are FDIC-insured up to $250,000 per fi nancial institution, and there may be a penalty for early withdrawal. Other proprietary Fortitude Re marks may be designated as such through the use of the SM or symbols. 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. /*.RIANavBar ul, .RIANavBar li{ The participation rate is an upper limit percentage increase used to calculate the interest that will be credited for a specific index term(s). } 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. PruSecure offers two different ways for your clients to potentially grow their money: an index-based strategy and a xed rate strategy. Clients have worked hard for their money and want to protect and grow it for the future. Our annuity review also called look is overseen by our in house Certified Financial Planner that has to put you first, as a fiduciary thru the CFP Board so you will have the confidence to use these annuities in your retirement plan after our reviews. Comprehensive financial planning offered through the Stages channel is more limited in scope than comprehensive financial planning offered through the Prudential Advisors distribution channel. The stock price is. 0000019833 00000 n
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Statement of Financial Condition for Prudential Investment Management Services, LLC. 0000018563 00000 n
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. They decide the percentage of their money to allocate to each and the term of each index-based strategy. 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. across well-known indices. Slide 7 establishes how rethinking your approach to asset allocation may be smart. }*/ 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. References to FLIAC shall be deemed to be references to PALAC in the jurisdictions where the name change is not yet effective. Choose one or a combination of them. margin: 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. Neither Prudential Financial, Inc. nor Assurance IQ issues, underwrites, or administers health plans or health insurance policies. The information is not intended as investment advice and is not a recommendation about managing or investing a clients retirement savings. Group Insurance coverages are issued by The Prudential Insurance Company of America, a Prudential Financial company, Newark, NJ. Annuities are issued by Pruco Life Insurance Company, a Prudential Financial company, located in Newark, NJ (main office). By using this website, you agree that you have read and agree to our Terms and Conditions. Announces 2022 Results. Not for Consumer Use. In this annuity review we will be going over annuity details regarding the Prudential Flex Guard Structed Variable annuity. Prudential will not provide advice or notify clients regarding whether theyshould exercise a Performance Lock or the optimal time for doing so. Alternatively, clients may allocate 100% of their initial Purchase Payment to the Variable Subaccounts. Fortitude Re is the marketing name for FGH Parent, L.P. and its subsidiaries, including FLIAC. You will not receive a written financial plan or investment recommendations as part of the no cost consultation. display: block; Each company (PICA, PLAZ, PLNJ, FLIAC, PAD) is solely responsible for its own financial condition and contractual obligations. It is generally more profitable to Prudential if you purchase insurance products that are issued by a Prudential company than a non-Prudential company. 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. Each company (PICA, PLAZ, PLNJ, FLIAC, PAD) is solely responsible for its own financial condition and contractual obligations. Salene Hitchcock-Gear President of Individual Life Insurance, Prudential (Photo: Business Wire). If the Index Return is positive and equal to or greater than the Cap Rate, then the Index Credit is equal tothe Cap Rate. Each company (PICA, PLAZ, PLNJ, FLIAC, PAD) is solely responsible for its own financial condition and contractual obligations. This link has sublinks - To access press Enter. Prudential Financial has jumped into the fastest-growing segment of the beleaguered annuity marketthe $17.4 billion market for structured variable annuities-by issuing its first registered index-lined annuity contract, called FlexGuard..