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). Other proprietary Fortitude Re marks may be designated as such through the use of the SM or symbols. For complete information about the annuity, please refer to the PruSecure Important Information Disclosure Statement PDF opens in a new window. It offers you lifetime income with levels of protection and growth potentialbefore and after you start income. Today the Prudential fee amounts to 1.9% but a few years down the line you may be paying 2.6%! The information is not intended as investment advice and is not a recommendation about managing or investing your retirement savings. 0000024573 00000 n Asset allocation and rebalancing do not ensure a profit or guarantee against loss. Prudential FlexGuard Life and all product features are not approved for use in all states or through all broker-dealers. Automatic Performance Lock targets must reflect positive growth in the Performance Lock Value. FlexGuard - NY offers an innovative index crediting strategyunique to Prudential, with access to variable investment options. 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. PCS is not a licensed insurance agency or broker. Allocations among variable investment options can happen at any time. 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. Some of the products and services discussed on the Stages site are in development and may not be currently available. and S&P 500 company whose subsidiaries provide, , and other retirement financial products to both. 0000011656 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. border-left: 10px solid transparent; The Performance Value will not fluctuate for the remainder of the existing index strategy term unless there is a withdrawal or reallocation. You also have the opportunityto grow your money in up markets by choosing from FlexGuards three index strategies. "Prudential Advisors" is a brand name of The Prudential Insurance Company of America and its subsidiaries. Early withdrawals may result in a loss in addition to applicable surrender charges. Year 1: No free withdrawals allowed in the first contract year, unless taken as a Required Minimum Distribution (RMD) that Prudential calculates. Buffers and floors cannot change for a contract after they are established. 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. Our annuity review also called look is overseen by our in house Certified Financial Planner that has to put you first, as a fiduciary thru the CFP Board so you will have the confidence to use these annuities in your retirement plan after our reviews. 0000008198 00000 n Targets are not available for strategies with a 100% buffer option or the Step Rate Plus Crediting Strategy. Buffer. 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,. 0000030064 00000 n Each company (PICA, PLAZ, PLNJ, FLIAC, PAD) is solely responsible for its own financial condition and contractual obligations. 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 Advisors" is a brand name of The Prudential Insurance Company of America and its subsidiaries. Renewal rates may be different than those listed below. Variable Annuities and Variable Life Insurance are distributed by Prudential Annuities Distributors, Inc. (PAD), Shelton, CT (main office). For additional important information about the products, services and companies that make them available, please click here Opens in a new window.*. 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. The cap rate is the maximum amount of interest that can be credited during a specific index term. 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. A positive or negative MVA may also apply. Please refer to the current rate sheet. 0000046879 00000 n You should consider the investment objectives, risks, and charges and expenses carefully before investing in the contract and/or underlying portfolios. Please consult with your tax and legal advisors regarding your personal circumstances. Are you a licensed financial professional? There is no maximum amount of Index Credit with this strategy. 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). 0000005920 00000 n But why should they have to sacrifice one for the other? 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. 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, Check the background of this firm on FINRA's BrokerCheck, Free Withdrawals in each contract year are not cumulative, Contingent Deferred Sales Charges will not apply to Required Minimum Distributions that Prudential calculates, Total Annualized Insurance Fees and Charges for Net Purchase Payments less than 1 Million: 1.30%, Total Annualized Insurance Fees and Charges for Net Purchase Payments of at least $1 Million: 1.20%, Subsequent Cap and Participation Rates may be higher or lower than the initial Rates, but will never be less than the Guaranteed Minimum Rates. Each subsidiary is responsible for its own financial condition and contractual obligations. 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. "Prudential Advisors" is a brand name of The Prudential Insurance Company of America and its subsidiaries. " As I mentioned, the Flexguard annuity has ZERO fees if invested in the segments and offers up to 20% downside protection. Since this investment is usually for the long term such as 10 years, it is important that the annuity company itself is financially sound. The guarantees in the annuity are back by the insurance company and not from a government agency. However each states Guaranty Association has a dollar amount, usually $100,000, that it will refund if an annuity carrier went bankrupt. 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. 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. If the index increased by 20% which is greater than the cap rate of 4% the interest credited would be 4%. Prudential Financial Inc. (NYSE: PRU), today launched FlexGuard Income, a new indexed variable annuity that provides customers with investment strate Launched in May 2020, it features index strategies with buffers that can help limit market losses while providing investors the opportunity for asset growth. Clients seeking information regarding their particular investment needs should contact a financial professional. The Insurance Charge is a combination of the Mortality & Expense Risk Charge and the Administration Charge. Prudential FlexGuard Income is an indexed variable annuity that offers income with various levels of protection and the opportunity to capitalize on market growth, even after clients have started taking income. If you qualify, please, A retirement strategy as individual as you are. Comprehensive financial planning offered through the Stages channel is more limited in scope than comprehensive financial planning offered through the Prudential Advisors distribution channel. FlexGuard - NY and all product features are not approved for use in all states or through all broker-dealers. Prudential Financial, its affiliates, and their financial professionals do not render tax or legal advice. NEWARK, N.J. -- (BUSINESS WIRE)-- Prudential Financial, Inc. ( NYSE: PRU ), launched FlexGuard today, the company's first indexed variable annuity product, designed . Change of Ownership terminates the Return of Purchase Payments death benefit. padding: 0; Use up and down arrow keys to navigate. With an FIA, your clients money is not actually invested in any index, but rather may earn interest based on the indexs performance. 0000015975 00000 n 528 0 obj <> endobj 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. 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. At the time your clients purchase the contract, they may select a 5- or 7-year surrender charge period, which is the amount of time they must wait until they can withdraw funds from their annuity without facing a penalty charge. 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. 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. .RIANavBar a { Investment advisory products and services of LINK by Prudential are made available through PCS, an SEC registered investment adviser. Prudential Financial, Inc. (NYSE: PRU), a global financial services leader and premier active global investment manager, has operations in the United States, Asia, Europe, and Latin America. 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. Today, Prudential is one of the most recognized and one of the world's largest financial services institutions.. CDs are FDIC-insured up to $250,000 per fi nancial institution, and there may be a penalty for early withdrawal. Some of the products and services discussed on the Stages site are in development and may not be currently available. border-bottom: 10px solid #002247; 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. 0000000016 00000 n } Prudential, also known as "The Rock," has been in business for nearly 140 years. 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. Use our income modeling tool Current Index Strategy Rates and Caps Current Income Percentages and Deferral Rates CT disclosure Prudential Financial, Inc. whos symbol of the Rock of Gibraltar, has been keeping its promises since 1875. Fortitude Re has retained PICA as an unaffiliated Third-Party Administrator. 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. 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. Each issuing insurance company is solely responsible for its own financial condition and contractual obligations. 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 . Each index strategy determines how your money can grow and calculates the interest you can earn differently. .RIANavBar li { for the Prudential FlexGuard Income Index Linked Variable Income Benefit (the "Benefit") available with the Annuity. This website is for U.S. persons only and may not be approved in all states. 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.
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