prudential flexguard rate sheet

kristen.olsen@prudential.com, Marisa Amador This link has sublinks - To access press Enter. The Prudential FlexGuard indexed variable annuity to which this disclosure applies (the "Product") has been developed solely by . 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. Subject: Announcing Prudential FlexGuard indexed variable annuity Prudential FlexGuard indexed variable annuity available on or about May 18, 2020 Dear Valued Partner, . .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. One crediting strategy point to point makes it easier for you to explain and clients to understand. On an Index Strategy Start Date, the Index Strategy Base applicable to that Index Strategy would be used instead of the Interim Value. The selections you choose together with your clients are all dependent on their investment goals and their risk tolerance. 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. Rates are subject to change at any time. 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. 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. It can be customized based on a clients retirement goals and adjusted as their needs change. content: ""; At least characters must be typed in the search field in order to perform the search, PruSecure Fixed Indexed Annuity At-A-Glance. The content on this page is for Financial Professional use only. bottom: -20px Other proprietary Fortitude Re marks may be designated as such through the use of the SM or symbols. If the Index Return is greater than or equal tothe declared Tier Level, the Index Credit is the sum of the Tier Level Index Return multiplied by theParticipation Rate for the 1st tier and the remaining Index Return multiplied by the Participation Rate forthe 2nd tier. 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 Prudential will not warn clientsif theyexercise a Performance Lock at a sub-optimal time. There is risk of loss of principal if negative index returns exceed the selected protection level. 2023 Prudential Financial, Inc. and its related entities. ** The websites referenced above are not endorsed or supported by any of the Prudential Financial companies. Index lossesthat exceed the buffer will result in a loss of Account Value. 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. only and may not be approved in all states. 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 . } If you would like information about your particular investment needs, please contact a financial professional. Please reference the prospectus for information about the levels of protection available and other important product information. Automatic Performance Lock targets must reflect positive growth in the Performance Lock Value. " As I mentioned, the Flexguard annuity has ZERO fees if invested in the segments and offers up to 20% downside protection. 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 - NY also offers variable investment options which can be mixed and matched in any percentage. Index-linked variable universal life products are complex insurance and investment vehicles and are long-term investments designed to provide death benefit protection with cash value accumulation potential. A Stable Value Fund First Quarter 2022 Fund Fact Sheet - Page 3 qualified professional. There is no maximum amount of Index Credit with this strategy. height: 100%; But that can create a dilemma. It affords them access to cash values when needed, providing the unique opportunity to leave a legacy while also expanding access to living benefits. In this annuity review we will be going over annuity details regarding the Prudential Flex Guard Structed Variable annuity. With the help of the buffer, your risk of loss could be lessened. 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. Fortitude Re has retained PICA as an unaffiliated Third-Party Administrator. Prudential Financial, its affiliates, and their financial professionals do not render tax or legal advice. 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. 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. 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. to grow your money in up markets by choosing from FlexGuards three index strategies. FlexGuard - NY's Index Strategies do not represent a direct investment in an index. Allocations among variable investment options can happen at any time. } The Segment Rate of Return for a Choice Segment will always be less than (a) the Performance Cap Rate and (b) the index performance rate, if positive, for that Segment. For additional important information about the products, services and companies that make them available, please click here Opens in a new window.*. A fixed indexed annuity (FIA) is a tax-deferred financial tool designed for the long term. Renewal rates may be different than those listed below. Annuities are one of the few strategies that can accomplish both secured growth and guaranteed income. 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 . However, transfers among Variable Subaccounts may occur at any time. References to FLIAC shall be deemed to be references to PALAC in the jurisdictions where the name change is not yet effective. 0000001537 00000 n FlexGuard Life performs exactly in that way, prioritizing protection, growth and access.. border-bottom: 10px solid #002247; PCS is not a licensed insurance agency or broker. Term: The number of years that the Shield Option is in effect. 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. %PDF-1.7 % Bloomberg U.S. Intermediate Credit Index:BLOOMBERG is a trademark and service mark of Bloomberg Finance L.P. and its affiliates (collectively "Bloomberg"). Call an annuity specialist at 888-311-4889 (option 2) to learn more. *The 5-year index term can only be elected at contract issue and cannot be renewed. Dow Jones U.S. Real Estate Index is designed to track the performance of Real Estate Investment trusts (REIT) and other companies that invest directly or indirectly in real estate through development, management, or ownership, including property agencies. 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. 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. 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. 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. Investing in FlexGuard Lifes Index Strategies does not represent a direct investment in an index. 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 (RMDs), will be subject to any applicable surrender charges and a Market Value Adjustment (MVA). A surrender charge, or Contingent Deferred Sales Charge (CDSC), may apply in the event of an early withdrawal from the annuity. You will not receive a written financial plan or investment recommendations as part of the no cost consultation. The S&P 500 Index is a product of S&P Dow Jones Indices LLC ("SPDJI"), and has been licensed for use by Pruco Life Insurance Company of New Jersey. Prudential Financial Fact Sheet. Investing in securities involves risk, and there is always the potential of losing money. Each subsidiary is responsible for its own financial condition and contractual obligations. Life insurance policies contain exclusions, limitations, reductions of benefits, and terms for keeping them in force. Buffers and floors cannot change for a contract after they are established. 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. 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. Each subsidiary is responsible for its own financial condition and contractual obligations. S&P 500, MSCI EAFE, iSHARES RUSSELL 2000 ETF, and INVESCO QQQ ETF. Marketing and training materials contained on these websites need to be approved by the Prudential Retirement Strategies Marketing Compliance Unit prior to use. Partner with us, and well invest in you. 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.

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