FlexGuard - NY's Index Strategies do not represent a direct investment in an index. 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 * Lock in performance prior to the Index Strategy End Date by either setting an automaticPerformance Lock target, which will automatically lock in the Performance Lock Value as of close of business on the day the target is met, OR manually lock in the Performance Lock Value as of the current day's close of business. 0000005769 00000 n Prudential, also known as "The Rock," has been in business for nearly 140 years. 0000011036 00000 n 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. Prudential and its affiliates are not liable for use of the Stages platform. The product builds upon the record success of FlexGuard, the fastest-selling indexed variable annuity launch ever in the industry, achieving more than $3.5 . Targets are not available for strategies with a 100% buffer option or the Step Rate Plus Crediting Strategy. You will not receive a written financial plan or investment recommendations as part of the no cost consultation. Perseus Mining (TSX:PRU) Dividend Yield % as of today (March 01, 2023) is 1.25%. Each company (PICA, PLAZ, PLNJ, FLIAC, PAD) is solely responsible for its own financial condition and contractual obligations. If they need more than the Free Withdrawal Amount or want to take a withdrawal in the first year, they can withdraw as much of the account value as they need, but keep in mind that surrender charges and a Market Value Adjustment (MVA) will apply. Are you a licensed financial professional? An allocation to the index options is not a purchase of shares of any stock or index fund or a direct . 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. PruSecure offers two different ways for your clients to potentially grow their money: an index-based strategy and a xed rate strategy. Please use one of the browsers below or contact your IT department regarding approved options. 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 . There is risk of loss of principal if negative index returns exceed the selected protection level. 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. Investment advisory products and services are made available through Pruco, a registered investment adviser. and has been licensed to Pruco Life Insurance Company ("Licensee"). } Early withdrawals may result in a loss in addition to applicable surrender charges. 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. Please refer to the current rate sheet. . It is not possible to invest directly in an index. 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 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. Please consult with your tax and legal advisors regarding your personal circumstances. Annuities are issued by Pruco Life Insurance Company of New Jersey located in Newark, NJ (main office). 2023 Prudential Financial, Inc. and its related entities. Prudential Financial, its affiliates, and their financial professionals do not render tax or legal advice. In providing this information, neither Prudential nor any of its affiliates or financial professionals is acting as your ERISA fiduciary. 0000005742 00000 n A fixed indexed annuity (FIA) is a tax-deferred financial tool designed for the long term. Interest credited with the participation rate would be 30% of the 20% increase, which equals 6%. " As I mentioned, the Flexguard annuity has ZERO fees if invested in the segments and offers up to 20% downside protection. Year 1: No free withdrawals allowed in the first contract year, unless taken as a Required Minimum Distribution (RMD) that Prudential calculates. It is a calculated value that differs from the Interim Value Calculation (refer to the prospectus for additional information) and is used when a Performance Lock transaction occurs. The Contingent Deferred Sales Charge applies to each Purchase Payment and will be applied to amounts that exceed the Free Withdrawal Amount, Client(s) may withdraw up to 10% of all Purchase Payments still within CDSC without incurring a surrender charge. 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. 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. [email protected], Amid market volatility, Prudentials innovative investment strategy meets increased need for asset protection. transform: translate(-50%, -50%) It can be customized based on a clients retirement goals and adjusted as their needs change. You will not receive a written financial plan or investment recommendations as part of the no cost consultation. 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. 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. On each Index Anniversary Date, you may reallocate any Index Strategy that has reached the end of the Index Term or allocate money into new Index Strategies. The client'smoney is not actually invested in any index, but may earn interest credits based on the indexs performance. What Will We Cover in this Annuity Review? 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. 0000019833 00000 n 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. All names, marks, and materials used for this review are the property of their respective owners. References to FLIAC shall be deemed to be references to PALAC in the jurisdictions where the name change is not yet effective. With an FIA, your clients money is not actually invested in any index, but rather may earn interest based on the indexs performance. 0000013916 00000 n New & Different Solutions. .RIANavActive a:after { 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. For Financial Professional Use Only. /*background-color: #07639d;*/ 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. If a Performance Lock is executed when thePerformance Lock Value has declined, clientswill lock in any loss. The Performance Value will not fluctuate for the remainder of the existing index strategy term unless there is a withdrawal or reallocation. 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). This indexed variable annuity, also called an Registered Indexed Linked annuity, RILA, Buffer annuity, will likely be presented on three ideas: The Prudential FlexGuard Annuity is for investors that want to participate in stock market like return with a loss provision or buffer selected of 10% or 20% a year. FlexGuard Income is initially available through Prudential Advisors financial professionals and will expand to additional, third-party broker dealers in fall 2021. Prudential Financial was founded by soon to be US senator John Dryden in 1875 with its one product of burial insurance. You should read the prospectuses carefully before investing. Neither Prudential Financial, Inc. nor Assurance IQ offers, underwrites, or administers health plans or health insurance policies. Clients seeking information regarding their particular investment needs should contact a financial professional. 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. The information is not intended as investment advice and is not a recommendation about managing or investing your retirement savings. With the help of the buffer, your risk of loss could be lessened. 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. 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. 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. Although the Portfolio seeks to preserve the value of your investment at $10.00 per share, it is possible to lose money by investing in the Portfolio. .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. First of the month following the 95th birthday of the oldest Owner/Annuitant, Annuity Payments for a Fixed Period Life Income Joint Life Income Life with Period Certain Joint Life with Period Certain. 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. 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. Upon renewal or reallocation, your clients may continue with the same strategy and allocation, or choose from the other strategies and terms available at that time. Prudential Retirement Insurance and Annuity Company - California COA # 08003. If youd like to see Fortitude Re product information, please click here opens in new window. Suggestions may appear below after you type 3 letters. 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. 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,. Variable Annuities and Variable Life Insurance are distributed by Prudential Annuities Distributors, Inc. (PAD), Shelton, CT (main office). The information is not intended as investment advice and is not a recommendation about managing or investing your retirement savings. * "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. "Prudential Advisors" is a brand name of The Prudential Insurance Company of America and its subsidiaries. It includes death benefit protection with guaranteed duration options, multiple ways to grow cash values and the ability to accelerate death benefits in the event of a chronic or terminal illness if an additional rider has been added. Allianz Life Insurance Company was #1 in U.S. height: 100%; display: block; FlexGuard also enables you to diversify where you put your money by allocating. This is an independent review for you to see the pros and cons of this particular annuity. The tax treatment will differ depending on whether they purchased the annuity with pre-tax (qualified) or after-tax (non-qualified) dollars. Term: The number of years that the Shield Option is in effect. 0000029765 00000 n Marketing and training materials contained on these websites need to be approved by the Prudential Retirement Strategies Marketing Compliance Unit prior to use. 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. You also have the opportunityto grow your money in up markets by choosing from FlexGuards three index strategies. font-weight: bold; Variable investment options are available but do not offer protection levels. Before purchasing any investment product be sure to do your own due diligence and consult a properly licensed professional, preferably a certified financial planner practitioner,should you have specific questions as they relate to your individual circumstances.
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