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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. Please reference the prospectus for information about the levels of protection available and other important product information. Clients seeking information regarding their particular investment needs should contact a financial professional. 0000030460 00000 n
Prudential Retirement Insurance and Annuity Company - California COA # 08003. The information is not intended as investment advice and is not a recommendation about managing or investing a clients retirement savings. 0000018563 00000 n
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. Annuities are issued by Pruco Life Insurance Company, a Prudential Financial company, located in Newark, NJ (main office). Variable Annuities and Variable Life Insurance are distributed by Prudential Annuities Distributors, Inc. (PAD), Shelton, CT (main office). The Prudential Insurance Company of America - California COA # 1179. "Prudential Advisors" is a brand name of The Prudential Insurance Company of America and its subsidiaries. It offers you lifetime income with levels of protection and growth potentialbefore and after you start income. But why should they have to sacrifice one for the other? The annuity carrier has not endorsed this review in any way nor do we receive any compensation for this review. Fortitude Re and the Fortitude Re logo are service marks of Fortitude Group Holdings, LLC and its affiliates. FlexGuard - NY is issued by Pruco Life Insurance Company. .RIANavActive a:after { only and may not be approved in all states. 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. 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. 0000005769 00000 n
The Performance Lock feature is an optional featureavailable on FlexGuard - NY that allows clients to lock in gains or limit the potential for a loss prior to the Index Strategy End Date. Neither Prudential Financial, Inc. nor Assurance IQ issues, underwrites, or administers health plans or health insurance policies. Upon renewal or reallocation at the end of a term, your clients may continue with the same strategy and allocation, or choose from any strategies and terms available at that time. The Interim Value does not apply to an Index Strategy on the Index Strategy Start Date and the Index Strategy End Date. 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. Withdrawals and distributions of taxable amounts are subject to ordinary income tax and, if made prior to age 59, may be subject to an additional 10% federal income tax penalty, sometimes referred to as an additional income tax. S&P 500 Index and Dow Jones US Real Estate Index: The "S&P 500 Index" and "Dow Jones U.S. Real Estate Index" are products of S&P Dow Jones Indices LLC, a division of S&P Global, or its affiliates ("SPDJI"), and have been licensed for use by Pruco Life Insurance Company. padding: 0; Term: The number of years that the Shield Option is in effect. } Interest credited with the participation rate would be 30% of 3%, which is equal to 0.90%. 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. prudential flexguard rate sheet. Targets are not available for strategies with a 100% buffer option or the Step Rate Plus Crediting Strategy. This website is for U.S. persons Opens in a new window only and may not be approved in all states. FlexGuard - NY offers an innovative index crediting strategyunique to Prudential, with access to variable investment options. 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. 0000061397 00000 n
Any growth is based on the index return. See current PruSecure Select rate sheetPDF opens in a new window, Index-Based Strategy with Point-to-Point Crediting with Cap Rate. " As I mentioned, the Flexguard annuity has ZERO fees if invested in the segments and offers up to 20% downside protection. It is possible to lose money by investing in securities. I hope you found this look informative and found value in your time. Aloha! Prudential Financial, its affiliates, and their financial professionals do not render tax or legal advice. Growth opportunities are provided by index strategies and variable investment options. 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. 0
If a Performance Lock is executed when thePerformance Lock Value has declined, clientswill lock in any loss. In providing this information, neither Prudential nor any of its affiliates or financial professionals is acting as your ERISA fiduciary. 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. Applicable to only Account Value allocated to the variable investment options (assessed daily as a percentage of the net assets of the variable investment options). All references to income certainty and guarantees, including optional benefits, are backed by the claims-paying ability of the issuing company and do not apply to the underlying investment options. 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. Available through Registered Investment Advisors; offers similar features and options as the PruSecure Fixed Indexed Annuity. Variable investment options are available but do not offer protection levels. Pruco Life Prudential FlexGuard Indexed VA. Prudential came to the structured annuity market in early 2020, 10 years after the birth of this category. Variable Annuities and Variable Life Insurance are distributed by Prudential Annuities Distributors, Inc. (PAD), Shelton, CT (main office). opens in new window. 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. Partner with us, and well invest in you. } Furthermore, the underlying mutual fund fee is 0.83%. Annuities are issued by Pruco Life Insurance Company of New Jersey located in Newark, NJ (main office). Interest credited with the participation rate would be 30% of the 20% increase, which equals 6%. MEDIA CONTACTS
Prudential FlexGuard Life is issued by Pruco Life Insurance Company and offered through Pruco Securities, LLC (member SIPC). There is risk of loss of principal if negative index returns exceed the selected protection level. Investment advisory products and services are made available through Pruco, a registered investment adviser. 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. %%EOF
Bloomberg U.S. Intermediate Credit Index:BLOOMBERG is a trademark and service mark of Bloomberg Finance L.P. and its affiliates (collectively "Bloomberg"). 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. /*.RIANavBar ul, .RIANavBar li{ Each company (PICA, PLAZ, PLNJ, FLIAC, PAD) is solely responsible for its own financial condition and contractual obligations. A fixed indexed annuity (FIA) is a tax-deferred financial tool designed for the long term. FLIAC is in the process of changing its name from Prudential Annuities Life Assurance Corporation (PALAC) in certain jurisdictions. 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 . 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. font-weight: bold; Announces 2022 Results. Allianz Life Insurance Company was #1 in U.S. Investing in a variable annuity may be the answer for part of your overall retirement strategy. 528 0 obj
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Investors should carefully consider the features of the contract, index strategies, and the underlying portfolios' investment objectives, policies, management, risks, charges and expenses. The tax treatment will differ depending on whether they purchased the annuity with pre-tax (qualified) or after-tax (non-qualified) dollars. 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. Fortitude Re is the marketing name for FGH Parent, L.P. and its subsidiaries, including FLIAC. Bloomberg does not guarantee the timeliness, accurateness or completeness of any data or information relating to the Bloomberg U.S. Intermediate Credit Index, and shall not be liable in any way to or Pruco Life Insurance Company investors in or owners of PruSecure or other third parties in respect of the use or accuracy of the Bloomberg U.S. Intermediate Credit Index or any data included therein. 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. 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. Compliance NumberTemplate: 1000797-00012-00. Prudential Financial, Inc. of the United States 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 MG plc, a company incorporated in the United Kingdom. It is generally more profitable to Prudential if you purchase insurance products that are issued by a Prudential company than a non-Prudential company. 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. 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. For more information, please visit news.prudential.com. 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 . border-bottom: 10px solid #ccc; As our customers needs continue to evolve, were working to provide them with new ways to achieve financial security, including offerings that help to diversify their cash values and realize more benefits from their policies, says Salene Hitchcock-Gear, president of Individual Life Insurance at Prudential. Are you a licensed financial professional? 0000019833 00000 n
Minimum Renewal Cap Rate, Participation Rate & Fixed Rate. Copyright 2019-2023 Annuity Look 1-800-325-1833, Annuity Company Issuer Review: Prudential Financial. Are you a licensed financial professional? MSCI EAFE Index: The annuity contract referred to herein is not sponsored, promoted or endorsed by MSCI, and MSCI bears no liability with respect to any such annuity contract or any index referred to by any such annuity contract. Annuities are one of the few strategies that can accomplish both secured growth and guaranteed income. This is an independent review for you to see the pros and cons of this particular annuity. In a rising interest rate environment, increases in caps if any, may be substantially slower than increases in interest rates. Caps, Precision Rates, and DPSCs for a 1-year term cannot be less than 1.50%. The information is not intended as investment advice and is not a recommendation about managing or investing your retirement savings. Rates, buffers, and floors can also be different for each index option. Prudential Defined Income Variable Annuity Product Specifics: Minimum age for initial purchase: 45 Maximum age for initial purchase: 85 Minimum initial purchase payment: $25,000 Prudential stated fee: 1.9% True all in fee: 2.73-3.43% Website: www.annuities.prudential.com/investor Prudential Defined Income Variable Annuity Fees: It can be customized based on a client's retirement goals and adjusted as their needs change. Perseus Mining (TSX:PRU) Dividend Yield % as of today (March 01, 2023) is 1.25%. ABOUT PRUDENTIAL INDIVIDUAL LIFE INSURANCE
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Use up and down arrow keys to navigate. Your clients should consult a tax advisor for more information. Any withdrawal taken during an index term will not be eligible to receive interest at the end of the index term. It is not possible to invest directly in an index. Participation Rates cannot be less than 100%. For more information about the product, including the other index crediting strategies, please refer to the client brochures, fact cards, and product prospectuses. Please consult with your tax and legal advisors regarding your personal circumstances. margin: 0; FlexGuard - NY also offers variable investment options which can be mixed and matched in any percentage. 0000015975 00000 n
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. Please refer to the product prospectus for fund investment strategies and fee information. 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. 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. Transfers from the Index Strategy(ies) to the Variable Subaccounts are not allowed at any time. 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).