The contract number is IVUL-2022 and may be followed by a state code. Compliance NumberTemplate: 1000797-00012-00. 0000001712 00000 n Subject: Announcing Prudential FlexGuard indexed variable annuity Prudential FlexGuard indexed variable annuity available on or about May 18, 2020 Dear Valued Partner, . 0000010749 00000 n 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 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 Performance Lock Value is calculated daily and once locked,will not fluctuate for the remainder of the current Index Strategy Term, unless a withdrawal or a reallocation were to occur, and will be as of the Performance Lock Date. Suggestions may appear below after you type 3 letters. What if you could turn a negative return into a positive? Some of the products and services discussed on the Stages site are in development and may not be currently available. In providing this information, neither Prudential nor any of its affiliates or financial professionals is acting as your ERISA fiduciary. 0000010202 00000 n Variable Annuities and Variable Life Insurance are distributed by Prudential Annuities Distributors, Inc. (PAD), Shelton, CT (main office). Prudential Retirement Insurance and Annuity Company - California COA # 08003. 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. 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). Bloomberg is not affiliated with Pruco Life Insurance Company nor approves, endorses, reviews or recommends PruSecure. With FlexGuard - NYs Cap Rate index strategy, clients receive any positive index growth up to an upper limit (called a cap). Clients should read the prospectuses carefully before investing. It does not reect a specific annuity or an actual account value. An impartial review of the Prudential Defined Income Variable Annuity Annuity Prospectuses & Supplements | Prudential Financial We have also seen a high click-through to the FlexGuard Rate Sheet. 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. 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. 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. PDF Prudential Annuities Prudential FlexGuard indexed variable annuitiy Variable investment options are available but do not offer protection levels. Funds allocated to the index-based strategies have the potential to grow based on the performance of their chosen indices, comparing the value on the rst day to the value on the last day of their 1-, 3-, or 5-year. } 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. 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. There are limitations and restrictions when making withdrawals. This link has sublinks - To access press Enter. border-bottom: 10px solid #ccc; height: 100%; 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. For more information, please visit news.prudential.com. 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. This product will issue daily. 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. How life can change 'in a split second' A Prudential employee shares her story to help others realize the importance of life insurance. . 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. For Financial Professional Use Only. Please refer to the product prospectus for fund investment strategies and fee information. 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: . FlexGuard - NY's Index Strategies do not represent a direct investment in an index. Portfolio Allocation The pie chart illustrates how investment . Prudential FlexGuard Indexed Variable Annuity - Bogleheads.org Index Advantage Rates | Allianz Life left: 50%; For additional important information about the products, services and companies that make them available, please click here Opens in a new window.*. 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. Please consult with your tax and legal advisors regarding your personal circumstances. This and other important information are contained in the initial summary prospectus and the index strategies prospectus for the contract and the summary prospectus or prospectus for the underlying portfolios (collectively, the "prospectuses") which can be obtainedon the prospectus page or by contacting the National Sales Desk. MSCI EAFE (Europe, Australasia, Far East) is a widely accepted benchmark for international stock performance. and has been licensed to Pruco Life Insurance Company ("Licensee"). Prudential Stages is an umbrella marketing name for Pruco Securities LLC, (sometimes referred to as Pruco) doing business as Prudential Financial Planning Services, pursuant to a separate agreement. 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. Inspired by the groundbreaking success of Prudential's signature FlexGuard Indexed Variable Annuity products, which have reached over $10 billion in total sales, FlexGuard Life is a. Prudentials diverse and talented employees help make lives better by creating financial opportunity for more people by expanding access to investing, insurance, and retirement security. Prudential Financial Fact Sheet. Investment advisory products and services are made available through Pruco, a registered investment adviser. Typically, the longer the surrender charge period, the higher the fixed rates and index-based cap rates and participation rates. Prudential FlexGuard is an indexed variable annuity designed for clients looking for a level of protection and innovative growth opportunities for their retirement savings. Featured News Stories. Gains or losses are assessed at the end of each index. See current FlexGuard - NY rates NY disclosure Benefits Features Tools For complete product information, please reference the client brochure PDF opens in new window, rate sheet PDF opens in a new window, and product prospectus. only and may not be approved in all states. Group Insurance coverages are issued by The Prudential Insurance Company of America, a Prudential Financial company, Newark, NJ. trailer This website is for U.S. persons Opens in a new window only and may not be approved in all states. 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. The buffer is the amount the Account Value is protected in the case of a negative index return. 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 - NY offers an innovative index crediting strategyunique to Prudential, with access to variable investment options. 0000013916 00000 n The Segment Rate of Return for a Choice Segment may be less than the Segment Rate of Return for a Standard Segment based on the same index, Segment Buffer and Segment Duration. Since this investment is usually for the long term such as 10 years, it is important that the annuity company itself is financially sound. The guarantees in the annuity are back by the insurance company and not from a government agency. However each states Guaranty Association has a dollar amount, usually $100,000, that it will refund if an annuity carrier went bankrupt. PCS is not a licensed insurance agency or broker. 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 . Index Advantage Income provides multiple index options, which are the combination of a crediting method, also called an index strategy, the index, the time period for measuring Index Performance (term), and a 10% or 20% buffer or a -10% floor. Minimum Renewal Cap Rate, Participation Rate & Fixed Rate. Early withdrawals may result in a loss in addition to applicable surrender charges. %PDF-1.7 % Clients seeking information regarding their particular investment needs should contact a financial professional. startxref Fortitude Re has retained PICA as an unaffiliated Third-Party Administrator. Step Rate Plus Index Strategy Index underperforms the Step Rate: . This website is for U.S. persons only and may not be approved in all states. 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. 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. If you would like information about your particular investment needs, please contact a financial professional. Prudential Annuities does not provide investment advice. Investing in FlexGuard Lifes Index Strategies does not represent a direct investment in an index. Prudential FlexGuard Review - Annuity Look Salene Hitchcock-Gear President of Individual Life Insurance, Prudential (Photo: Business Wire). 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. Receive alerts on new stories, articles, and more by subscribing to one or more RSS Feeds. FlexGuard also enables you to diversify where you put your money by allocating. 0000008198 00000 n
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