height: 100%; 0000010202 00000 n 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 is a market capitalization-weighted index of the 500 widely held stocks often used as a proxy for the stock market. Unpaid loans and withdrawals reduce cash values and death benefits; and may have tax consequences. 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 . You also have the opportunityto grow your money in up markets by choosing from FlexGuards three index strategies. .RIANavBar li { In this annuity review we will be going over annuity details regarding the Prudential Flex Guard Structed Variable annuity. This link has sublinks - To access press Enter. Prudential will not warn clientsif theyexercise a Performance Lock at a sub-optimal time. Lets get to it. 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. startxref 0000013916 00000 n August 04, 2022 Prudential FlexGuard reaches $10B total sales milestone at record pace Mix and match indices, crediting strategies, and index term options to create a customized strategy that helps meet your clients needs. PCS is not a licensed insurance agency or broker. For Compliance Use Only: 1003626-00008-00. Prudential FlexGuard indexed variable annuity, Securities products and services are offered through: Pruco Securities, LLC and Prudential Investment Management Services, LLC, both members, prudential.com/landing/indexed-variable-universal-life-insurance, Prudential FlexGuard reaches $10B total sales milestone at record pace, Prudential launches FlexGuard Income indexed variable annuity a new investment and income strategy with enhanced flexibility and control, Prudential Financial Launches Prudential Community Grants Program to Provide Micro-Grants to Local Individuals and Non-profit Organizations, Prudential, Vitality Global expand partnership in Latin America, Prudential Financial names its next Emerging Visionaries, Check the background of this firm on FINRA's BrokerCheck, Indexed variable universal life solution offers both protection and growth, Builds upon success of FlexGuard variable annuity products. Life insurance policies contain exclusions, limitations, reductions of benefits, and terms for keeping them in force. 0000001036 00000 n A copy of the prospectuses may be obtained from prudential.com or your financial professional. based on your individual retirement needs and change themes those needs evolve. The Interim Value for each Index Strategy plus the total value of any allocations in the Variable Investment Subaccounts (including the Holding Account) and the Transfer Account on any Valuation Day other than the Index Strategy Start Date and Index Strategy End Date. 0000024403 00000 n 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. Prudential Financial Fact Sheet. Receiving benefits under the terms of an accelerated death benefit rider for chronic or terminal illness will reduce and may eliminate the death benefit. Portfolio Allocation The pie chart illustrates how investment . Prudential FlexGuard Life and all product features are not approved for use in all states or through all broker-dealers. Registered Flexible Premium Deferred Index-Linked Variable Annuity with four Index Strategies featuring multiple protection levels and term lengths, plus 5 variable investment options, Prudential FlexGuard indexed variable annuity - New York, Up to age 85; based on the age of the oldest Owner/Annuitant, $25,000 Minimum Qualified and Nonqualified $1,000,000 Maximum (Premiums that exceed $1,000,000 require prior company approval). Servicing the retirement income planning market has grown in popularity as baby boomers and retirees search for options to protect against market volatility and secure lifetime income. Prudential Financial, Inc. ( NYSE: PRU ), a global financial services leader and premier active global investment manager with more than $1.4 trillion in assets under management as of June 30,. But why should they have to sacrifice one for the other? 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. Variable investment options are offered with this product; however, are not included for illustration purposes and do not offer downside protection. Rates, buffers, and floors can also be different for each index option. Prudential Retirement Insurance and Annuity Company - California COA # 08003. The Prudential Insurance Company of America - California COA # 1179. +1 973-802-8969 Use up and down arrow keys to navigate. 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. 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. 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. 0000061397 00000 n margin: 0; Rates are subject to change at any time. Please reference the prospectus for information about the levels of protection available and other important product information. 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. Some of the products and services discussed on the Stages site are in development and may not be currently available. Growth opportunities are provided by index strategies and variable investment options. Sales of fixed annuities increased to . } 0000046767 00000 n The tax treatment will differ depending on whether they purchased the annuity with pre-tax (qualified) or after-tax (non-qualified) dollars. 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. Not for Consumer Use. The rule, which raised investment-advice standards in retirement accounts, would of made brokers and insurance agents become fiduciaries to sell indexed annuity and other financial products opening up potential lawsuits from bad sales of annuity products. The information is not intended as investment advice and is not a recommendation about managing or investing a clients retirement savings. Participation Rates cannot be less than 100%. Furthermore, the underlying mutual fund fee is 0.83%. 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. Available through Registered Investment Advisors; offers similar features and options as the PruSecure Fixed Indexed Annuity. Comprehensive financial planning offered through the Stages channel is more limited in scope than comprehensive financial planning offered through the Prudential Advisors distribution channel. It is possible to lose money by investing in securities. Each subsidiary is responsible for its own financial condition and contractual obligations. 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. Investment advisory products and services are made available through Pruco, a registered investment adviser. 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. Annuities are issued by Pruco Life Insurance Company, a Prudential Financial company, located in Newark, NJ (main office). 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. It is not possible to invest directly in an index. Flexguard Income is issued by Pruco Life Insurance Company CT disclosure MN disclosure *The 5-year index term can only be elected at contract issue and cannot be renewed. Contact your wholesaler today and have our team of experts and resources work for you. Our new website has recently launched with features that may not be fully supported by your current browser. However, transfers among Variable Subaccounts may occur at any time. Bloomberg Commodity Index reflects changes in a broad range of commodity futures prices, from crude oil and coffee to gold and cattle. Choose one or a combination of them. 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. Variable Annuities and Variable Life Insurance are distributed by Prudential Annuities Distributors, Inc. (PAD), Shelton, CT (main office). FlexGuard - NY and all its features may not be approved in allbroker-dealers. FlexGuard - NY is issued by Pruco Life Insurance Company. If the index increased by 20% which is greater than the cap rate of 4% the interest credited would be 4%. * "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. I hope you found this look informative and found value in your time. Aloha! For additional important information about the products, services and companies that make them available, please click here Opens in a new window.*. 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. 0000018563 00000 n You will not receive a written financial plan or investment recommendations as part of the no cost consultation. 0000046879 00000 n Prudential Financial Inc. (NYSE: PRU), today launched FlexGuard Income, a new indexed variable annuity that provides customers with investment strate It affords them access to cash values when needed, providing the unique opportunity to leave a legacy while also expanding access to living benefits. 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. (See Important Information Disclosure Statement for additional information about MVAs.) This is an independent product review, not a recommendation to buy or sell an annuity. 0000036749 00000 n Any withdrawal taken during an index term will not be eligible to receive interest at the end of the index term. 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). For additional important information about the products, services and companies that make them available, please click here Opens in a new window.*. Group Insurance coverages are issued by The Prudential Insurance Company of America, a Prudential Financial company, Newark, NJ. 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. display: block; .RIANavActive a:after, Prudential and its affiliates are not liable for use of the Stages platform. 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. 528 0 obj <> endobj Fortitude Re has retained PICA as an unaffiliated Third-Party Administrator. For example, if a RILA or buffer annuity has selected the optional 20% S&P 500 index protection against a market loss over one year period, an investors account would lose only 8% of its value if the market dropped by 28% in that given year because of the buffer annuity protects the first 20% loss from the market. Prudential Financial, Inc. 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. The annuity carrier has not endorsed this review in any way nor do we receive any compensation for this review. 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. CURRENT RATES This rate sheet provides the Cap Rate, Step Rates, Participation Rates (Par Rates) and Tier Levels currently offered on the Prudential FlexGuard indexed variable annuity. Individual Fixed Index Annuity Sales from 2016 to 2019 and they finished in the #2 spot in 2020.. Allianz was founded in 1896 and based in Minneapolis, Minnesota, Allianz Life Insurance Company of North America is a leading provider of retirement and protection solutions, including life insurance, and fixed, variable, and fixed index annuities for . 0000000016 00000 n .id-Z7_G802HJS0M0B280QQVMVG6OP8R2 .ibmPortalControl .module { A Stable Value Fund First Quarter 2022 Fund Fact Sheet - Page 3 qualified professional. } 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. FlexGuard Income is a retirement product that you and your financial professional can customize based on your unique needs. In 2017 Department of Labors fiduciary rule being struck down in federal court of Appeals has been especially helpful in the sales of indexed annuities. Interest credited with the participation rate would be 30% of the 20% increase, which equals 6%. They decide the percentage of their money to allocate to each and the term of each index-based strategy. Prudential reserves the right to change rates at any time. This website is for U.S. persons Opens in a new window only and may not be approved in all states. In addition to one-year index term options, PruSecure offers three- and ve-year index term options, which may offer more upside potential. 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 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. Investors should carefully consider the features of the contract, index strategies, and the underlying portfolios' investment objectives, policies, management, risks, charges and expenses. These two index crediting strategies determine how their money may grow. You will not receive a written financial plan or investment recommendations as part of the no cost consultation. 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"). Each company (PICA, PLAZ, PLNJ, FLIAC, PAD) is solely responsible for its own financial condition and contractual obligations. 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 . 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 . References to FLIAC shall be deemed to be references to PALAC in the jurisdictions where the name change is not yet effective. It offers you lifetime income with levels of protection and growth potentialbefore and after you start income. One of the advantages of PruSecure is that there are no annual contract or administrative fees. The information is not intended as investment advice and is not a recommendation about managing or investing your retirement savings. Change of Ownership terminates the Return of Purchase Payments death benefit. 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. 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. 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: . With an FIA, your clients money is not actually invested in any index, but rather may earn interest based on the indexs performance. See current PruSecure rate sheet Call 833-813-2444 to register or Sign in PruSecure offers clients: Guaranteed Protection Their original premium payment and all growth are fully protected against market loss Growth Opportunity Their money can grow based on the performance of a market index or crediting strategy of their choice Targets are not available for strategies with a 100% buffer option or the Step Rate Plus Crediting Strategy. NEWARK, N.J., May 18, 2020 - Prudential Financial, Inc. (NYSE: PRU) launched FlexGuard today, the company's first indexed variable annuity product, designed to provide customers with downside protection and the opportunity to grow and accelerate the performance of their retirement assets into the future. 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. The buffer is the amount the Account Value is protected in the case of a negative index return. Prudential Financial 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 M&G plc, a company incorporated in the United Kingdom. When the time comes for your clients to use the benefits that are offered by an annuity, it is important to remember that all guarantees including the optional benefits are backed by the claims-paying ability of the issuing company. If the index decreased by any amount at all,client loses nothing whether they chose the cap rateor participation rate, as they are protected by the floor. Deduction of the annual product fee of 1.25%, withdrawal charge, $50 contract maintenance charge (on contracts with less than $100,000 contract value), 0.70% Income Benefit rider fee, and, if . 0000005769 00000 n opens in new window. 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. Some of the products and services discussed on the Stages site are in development and may not be currently available. 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. Annuities are one of the few strategies that can accomplish both secured growth and guaranteed income. There is risk of loss of principal if negative index returns exceed the selected protection level. Please use one of the browsers below or contact your IT department regarding approved options. only and may not be approved in all states. 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. Please refer to the current rate sheet. Variable Annuities and Variable Life Insurance are distributed by Prudential Annuities Distributors, Inc. (PAD), Shelton, CT (main office). If the Index Return is negative, but less than or equal to the Buffer, the Index Credit is zero. * The 5-year index term can only be elected at contract issue and cannot be renewed. A floor offers 100% downside protection in the event of a market loss. Fortitude Re is the marketing name for FGH Parent, L.P. and its subsidiaries, including FLIAC. 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. position: absolute; Because different indices perform differently under similar market conditions, diversification can help improve your opportunity for growth. Finally, unlike some indexed variable annuities, FlexGuard offers the security of a return of premium legacy benefit at no extra cost. This means if you pass away, your beneficiary will receive the money in your account or the total of the payments you made since the issue date, reduced proportionately by any withdrawals, whichever is greater. 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. Net loss attributable to Prudential Financial, Inc. of $558 million or $1.53 per Common share versus net income of $1.208 billion or $3.13 per share for the year-ago quarter. Prudential FlexGuard income indexed variable annuity DOWNLOAD Slides 3-6 show how investing in an uncertain market or relying on fixed income has taken its toll. Index-linked variable annuity products are complex insurance and investment vehicles. FlexGuard - NY also offers variable investment options which can be mixed and matched in any percentage. It is a calculated value and is used when a withdrawal, death benefit payment, transfer, annuitization, or surrender occurs mid-term. } By using this website, you agree that you have read and agree to our Terms and Conditions. Tier Levels may be higher or lower than the initial Tier Level, but will never be higher than the Guaranteed Maximum Tier Level. 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. Topics Protection Income A positive or negative MVA may also apply. MFS Value Series Service Class MFS International Growth Portfolio Service Class MFS Total Return Series Service Class MFS Total Return Bond Series Service Class PSF PGIM Government Money Market Portfolio Class III default Holding Account. The oldest international stock index, it is the most common benchmark in the U.S. for foreign stock funds. Step Rate Plus Index Strategy Index underperforms the Step Rate: 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. 0000009387 00000 n This website is for U.S. persons Opens in a new window only and may not be approved in all states. xref Investors like you doing research on annuities to combat the above concerns are finding it more difficult with all the different types of annuities like hybrid annuities, equity-linked annuities, buffer annuities, fixed index annuities (FIA), and variable annuities. The best selling retirement annuity of 2021 is the registered index-linked annuity (RILA), the $17.4 billion market for structured variable annuities also sometimes referred to as a variable indexed annuity, structured variable annuity, buffer annuity, or a structured annuity is essentially a blend of the best part of a variable annuity and limited downside protection of a fixed indexed annuity (FIA)..