All products and/or options may not be available in all states or with all broker/dealers. 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. For more information about the product, including the other index crediting strategies, please refer to the client brochures, fact cards, and product prospectuses. Clients seeking information regarding their particular investment needs should contact a financial professional. Interest credited with the participation rate would be 30% of the 20% increase, which equals 6%. font-weight: bold; Prudential Financial, Inc. whos symbol of the Rock of Gibraltar, has been keeping its promises since 1875. The Interim Value for each Index Strategy plus the total value of any allocations in the Variable Investment Subaccounts (including the Holding Account) and the Transfer Account on any Valuation Day other than the Index Strategy Start Date and Index Strategy End Date. FLIAC is in the process of changing its name from Prudential Annuities Life Assurance Corporation (PALAC) in certain jurisdictions. FlexGuard Income is initially available through Prudential Advisors financial professionals and will expand to additional, third-party broker dealers in fall 2021. 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. * The 5-year index term can only be elected at contract issue and cannot be renewed. Prudential will not warn clientsif theyexercise a Performance Lock at a sub-optimal time. For more information about FlexGuard Life, visit: prudential.com/landing/indexed-variable-universal-life-insurance. 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. When the client purchases FlexGuard - NY you will help them make choices, custom-building their annuity to meet their individual needs and goals. A copy of the prospectuses may be obtained from prudential.com or your financial professional. margin: auto; 0 Pruco Life Insurance Companyof New Jersey's Product(s) is not sponsored, endorsed, sold or promoted by SPDJI, Dow Jones, S&P, their respective affiliates, and none of such parties make any representation regarding the advisability of investing in such product(s) nor do they have any liability for any errors, omissions, or interruptions of the S&P 500 Index. If the Index Return is negative, but less than or equal to the Buffer, the Index Credit is zero. For complete information about the annuity, please refer to the PruSecure Important Information Disclosure Statement PDF opens in a new window. 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. 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. "Prudential Advisors" is a brand name of The Prudential Insurance Company of America and its subsidiaries. The floor is always 0%. 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). Prudential Financial, Inc. whos symbol of the Rock of Gibraltar, has been keeping its promises since 1875. Partner with us, and well invest in you. 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. Pruco Life Insurance Company's Product(s) is not sponsored, endorsed, sold or promoted by SPDJI, Dow Jones, S&P, or their respective affiliates, and none of such parties make any representation regarding the advisability of investing in such product(s) nor do they have any liability for any errors, omissions, or interruptions of the S&P 500 Index and Dow Jones U.S. Real Estate Index. See current FlexGuard - NY rates NY disclosure Benefits Features Tools Prudential and its affiliates are not liable for use of the Stages platform. Fortitude Re and the Fortitude Re logo are service marks of Fortitude Group Holdings, LLC and its affiliates. } Subsequent rates and Tier Levels may differ from the rates and Tier Levels used for new contracts or for other contracts issued at different times. Please use one of the browsers below or contact your IT department regarding approved options. Please refer to the current rate sheet. 0000008198 00000 n Early withdrawals may result in a loss in addition to applicable surrender charges. It is possible to lose money by investing in securities. 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. This is an independent review for you to see the pros and cons of this particular annuity. ABOUT PRUDENTIAL INDIVIDUAL LIFE INSURANCE The Insurance Charge is a combination of the Mortality & Expense Risk Charge and the Administration Charge. Investing in securities involves risk, and there is always the potential of losing money. It is generally more profitable to Prudential if you purchase insurance products that are issued by a Prudential company than a non-Prudential company. 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. across well-known indices. Any allocations to the Index Strategies must occur on an Index Anniversary. This website is for U.S. persons Opens in a new window only and may not be approved in all states. Inspired by the groundbreaking success of Prudentials signature FlexGuard Indexed Variable Annuity products, which have reached over $10 billion in total sales, FlexGuard Life is a next-generation solution designed to help meet todays evolving consumer needs. Prudential Stages is an umbrella marketing name for Pruco Securities LLC, (sometimes referred to as Pruco) doing business as Prudential Financial Planning Services, pursuant to a separate agreement. for Prudential Investment Management Services, LLC. Prudential Financial Fact Sheet. As of September 2021, the FlexGuard Challenge has received 3,274 unique visitors and 19,116 total page views and has resulted in over 9,350 unique leads. CURRENT RATES This rate sheet provides the Cap Rate, Step Rates, Participation Rates (Par Rates) and Tier Levels currently offered on the Prudential FlexGuard indexed variable annuity. The buffer is the amount the Account Value is protected in the case of a negative index return. After a Performance Lock has occurred funds remain allocated to the index strategy, but the client no longer participates in the index performance, both positive or negative, for the remainder of the existing index strategy term. 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. 0000010749 00000 n 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. The selections you choose together with your clients are all dependent on their investment goals and their risk tolerance. 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. Furthermore, the underlying mutual fund fee is 0.83%. -webkit-transform: translate(-50%, -50%); 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. 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. Announces 2022 Results. } }*/, Select a level of protection that mayhelp limit losses, Participate in the growth potential of the market, Enhance growth potential in up markets with oneunique crediting strategy, Plus, there are NO EXPLICIT PRODUCT FEES when allocating toFlexGuard - NYs index strategies.*. 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. Other proprietary Fortitude Re marks may be designated as such through the use of the SM or symbols. With FlexGuard - NYs Cap Rate index strategy, clients receive any positive index growth up to an upper limit (called a cap). 0000010202 00000 n However, transfers among Variable Subaccounts may occur at any time. 0000001537 00000 n It is a calculated value and is used when a withdrawal, death benefit payment, transfer, annuitization, or surrender occurs mid-term. They decide the percentage of their money to allocate to each and the term of each index-based strategy. Fixed indexed annuitiesare not FDIC-insured and have limitations and surrender charges. It is possible that clientswould have realized less of a loss or no loss if the Performance Lock occurred at a later time, or if the Index Strategy was not locked.Clientswill not receive Index Credit on any locked Index Strategy on the Index Strategy End Date. Please consult with your tax and legal advisors regarding your personal circumstances. Our Certified Financial Planner professional (CFP) will answer your questions FREE within 24 hours. Variable Annuities and Variable Life Insurance are distributed by Prudential Annuities Distributors, Inc. (PAD), Shelton, CT (main office). Receive alerts on new stories, articles, and more by subscribing to one or more RSS Feeds. 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). Comprehensive financial planning offered through the Stages channel is more limited in scope than comprehensive financial planning offered through the Prudential Advisors distribution channel. .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. Otherwise, the Index Credit is equal to the negative Index Return in excess of the Buffer. The Prudential Insurance Company of America - California COA # 1179. How life can change 'in a split second' A Prudential employee shares her story to help others realize the importance of life insurance. If you qualify, please, A retirement strategy as individual as you are. A surrender charge, or Contingent Deferred Sales Charge (CDSC), may apply in the event of an early withdrawal from the annuity. for the Prudential FlexGuard Income Index Linked Variable Income Benefit (the "Benefit") available with the Annuity. Clients seeking information regarding their particular investment needs should contact a financial professional. 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. Created Exclusively for Use by Financial Professionals. 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. 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. We have also seen a high click-through to the FlexGuard Rate Sheet. Registered Flexible Premium Deferred Index-Linked Variable Annuity with four Index Strategies featuring multiple protection levels and term lengths, plus 5 variable investment options, Prudential FlexGuard indexed variable annuity - New York, Up to age 85; based on the age of the oldest Owner/Annuitant, $25,000 Minimum Qualified and Nonqualified $1,000,000 Maximum (Premiums that exceed $1,000,000 require prior company approval). padding: 15px 0 15px 0; Prudential FlexGuard indexed variable annuity, Securities products and services are offered through: Pruco Securities, LLC and Prudential Investment Management Services, LLC, both members, prudential.com/landing/indexed-variable-universal-life-insurance, Prudential FlexGuard reaches $10B total sales milestone at record pace, Prudential launches FlexGuard Income indexed variable annuity a new investment and income strategy with enhanced flexibility and control, Prudential Financial Launches Prudential Community Grants Program to Provide Micro-Grants to Local Individuals and Non-profit Organizations, Prudential, Vitality Global expand partnership in Latin America, Prudential Financial names its next Emerging Visionaries, Check the background of this firm on FINRA's BrokerCheck, Indexed variable universal life solution offers both protection and growth, Builds upon success of FlexGuard variable annuity products. } Access to policy cash values is through loans and withdrawals. +1 973-802-8969 } 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 Interim Value does not apply to an Index Strategy on the Index Strategy Start Date and the Index Strategy End Date. 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. Growth opportunities are provided by index strategies and variable investment options. Withdrawals or surrenders may be subject to contingent deferred sales charges. .RIANavActive a:before { 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.