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Unique to Prudential, FlexGuard's Tiered Participation Rate index strategy oers clients 100% of the positive index growth up to the tier level, and then the opportunity to accelerate their growth by capturing a percentage MORE than 100% of the index growth above that level. Are you a licensed financial professional? MEDIA CONTACTS The Interim Value is the value of an Index Strategy on any Valuation Day during an Index Strategy Term. 0000030064 00000 n All names, marks, and materials used for this review are the property of their respective owners. The oldest international stock index, it is the most common benchmark in the U.S. for foreign stock funds. In a rising interest rate environment, increases in caps if any, may be substantially slower than increases in interest rates. For additional important information about the products, services and companies that make them available, please click here Opens in a new window.*. 0000008048 00000 n 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.. Performance Locks are as of close of business on the day the automatic target was met or the manual lock in is requested. The buffer is the amount the Account Value is protected in the case of a negative index return. A fixed indexed annuity (FIA) is a tax-deferred financial tool designed for the long term. Prudential Financial Fact Sheet. 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. } FlexGuard sales totaled $1.6 billion in the first quarter, representing 84% of total annuity sales, up from $1.2 billion in the fourth quarter of 2020, he said. 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. Neither Bloomberg nor UBS guarantees the timeliness, accurateness, or completeness of any data or information relating to Bloomberg Commodity IndexSM. 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. Our Certified Financial Planner professional (CFP) will answer your questions FREE within 24 hours. If youd like to see Fortitude Re product information, please click here opens in new window. ** The websites referenced above are not endorsed or supported by any of the Prudential Financial companies. Each company (PICA, PLAZ, PLNJ, FLIAC, PAD) is solely responsible for its own financial condition and contractual obligations. All guarantees, including any optional benefits, are subject to the claims-paying ability and financial strength of the issuing insurance company. By using this website, you agree that you have read and agree to our Terms and Conditions. During this period, if they withdraw any or all of the money from the annuity, surrender charges and a Market Value Adjustment will apply. }*/ Not For Use with the Public. Our new website has recently launched with features that may not be fully supported by your current browser. Bloomberg Commodity IndexSM: "Bloomberg" and "Bloomberg Commodity IndexSM" are service marks of Bloomberg Finance L.P. and its affiliates (collectively, "Bloomberg") and have been licensed for use for certain purposes by Pruco Life Insurance Company. There is no maximum amount of Index Credit with this strategy. Fortitude Re has retained PICA as an unaffiliated Third-Party Administrator. CDs are FDIC-insured up to $250,000 per fi nancial institution, and there may be a penalty for early withdrawal. Bloomberg or Bloomberg's licensors, own all proprietary rights in the Bloomberg Indices. Please refer to the product prospectus for fund investment strategies and fee information. Buffer. 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. Compliance NumberTemplate: 1000797-00012-00, At least characters must be typed in the search field in order to perform the search. Prudential's book value per share also increased slightly in the quarter to $167 per share, which means it has growing shareholder equity to cover losses, even in a pandemic. 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. Prudential Annuities does not provide investment advice. Use up and down arrow keys to navigate. kristen.olsen@prudential.com, Marisa Amador Transfers from the Index Strategy(ies) to the Variable Subaccounts are not allowed at any time. Ifclients are looking to protect their money from market loss and still want the potential for growth, the PruSecure Fixed Indexed Annuity offers them both. /*background-color: #07639d;*/ These two index crediting strategies determine how their money may grow. Kristen Olsen Prudential Retirement Insurance and Annuity Company - California COA # 08003. 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. .RIANavBar li { 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). Because this a tax qualified annuity gains are tax deferred until income/money is taken out of the annuity. Featured News Stories. 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. When the client purchases FlexGuard - NY you will help them make choices, custom-building their annuity to meet their individual needs and goals. Please refer to the current rate sheet. The stock price is. /*.RIANavBar ul, .RIANavBar li{ 0000013916 00000 n One of the advantages of PruSecure is that there are no annual contract or administrative fees. Investment advisory products and services are made available through Pruco, a registered investment adviser. This area is reserved for members of the news media. All products and/or options may not be available in all states or with all broker/dealers. This page specifically focuses on Prudential products. 0000000016 00000 n Statement of Financial Condition for Prudential Investment Management Services, LLC. (See Important Information Disclosure Statement for additional information about MVAs.) 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. The commission-based version launches today, with a fee-based version of FlexGuard . Asset allocation and rebalancing do not ensure a profit or guarantee against loss. 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. 0000001036 00000 n 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, Important Information Disclosure Statement, Check the background of this firm on FINRA's BrokerCheck. B-Share 6 years: 7%, 7%, 6%, 5%, 4%, 3%; based on the effective date of each Purchase Payment and the percentage of the amount withdrawn from the Purchase Payment, above the free withdrawal amount. 0000008198 00000 n 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. display: block; Variable Annuities and Variable Life Insurance are distributed by Prudential Annuities Distributors, Inc. (PAD), Shelton, CT (main office). } There are limitations and restrictions when making withdrawals. Annuities are issued by Pruco Life Insurance Company of New Jersey located in Newark, NJ (main office). 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. 0000021753 00000 n If the client chooses to defer their Index Effective Date, the allocations for the Index Strategies will be placed in the Transfer Account and will automatically be transferred to the Index Strategies, if within the Transfer Account Period. Prudential Financial, its affiliates, and their financial professionals do not render tax or legal advice. If you qualify, please, A retirement strategy as individual as you are. 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. Your clients should consult a tax advisor for more information. Subsequent Rates may differ from the Rates used for new contracts or for other contracts issued at different times, Certain securities products and services are offered through Pruco Securities, LLC and Prudential Investment Management Services, LLC, both members. Created Exclusively for Use by Financial Professionals. Alternatively, clients may allocate 100% of their initial Purchase Payment to the Variable Subaccounts. xref You should read the prospectuses carefully before investing. The contract number is IVUL-2022 and may be followed by a state code. The floor is always 0%. 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. There is risk of loss of principal if negative index returns exceed the selected protection level. Clients seeking information regarding their particular investment needs should contact a financial professional. See current PruSecure rate sheet PDF Opens in a New Window, Call 833-813-2444 to register or Sign in, Their original premium payment and all growth are fully protected against market loss, Their money can grow based on the performance of a market index or crediting strategy of their choice, If they pass away during their index period, their beneficiaries get a portion of any index growth up to that point, They pay no taxes on any growth until they make a withdrawal. 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. 0000014746 00000 n Not all term and buffer options are available for each index crediting strategy. 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 buffer will vary by the selected strategy, term length, andindex elected. Please use one of the browsers below or contact your IT department regarding approved options. 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. 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. Allianz Life Insurance Company was #1 in U.S. Rates, buffers, and floors can also be different for each index option. } On an Index Strategy Start Date, the Index Strategy Base applicable to that Index Strategy would be used instead of the Interim Value. 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. Any withdrawal taken during an index term will not be eligible to receive interest at the end of the index term. Available Buffers, which may vary by Index Strategy, are 10%, 15%, and 20%. Prudential charges 1.1% annually plus 0.8% for its Defined Income Benefit (but reserves the right to increase this fee to 1.5%). For complete information about the annuity, please refer to the PruSecure Important Information Disclosure Statement PDF opens in a new window. 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. 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. Annuities are one of the few strategies that can accomplish both secured growth and guaranteed income. This product will issue daily. 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. Prudential will not warn clientsif theyexercise a Performance Lock at a sub-optimal time. Prudential Financial, Inc. whos symbol of the Rock of Gibraltar, has been keeping its promises since 1875. Marketing and training materials contained on these websites need to be approved by the Prudential Retirement Strategies Marketing Compliance Unit prior to use.