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These advisors currently offer only insurance products issued by PICA and its affiliates (Prudential companies). border-left: 10px solid transparent; .pru-module.pru-module-12 .pru-module-rich-text-editor {width: 100%;}, At least characters must be typed in the search field in order to perform the search. .RIANavActive a:after, } For Compliance Use Only: 1003626-00008-00. 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,. If the Index Return is negative, but less than or equal to the Buffer, the Index Credit is zero. Copyright 2019-2023 Annuity Look 1-800-325-1833, Annuity Company Issuer Review: Prudential Financial. transform: translate(-50%, -50%) The information is not intended as investment advice and is not a recommendation about managing or investing your retirement savings. Contact your wholesaler today and have our team of experts and resources work for you. 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. These two index crediting strategies determine how their money may grow. By using this website, you agree that you have read and agree to our Terms and Conditions. content: ""; Early withdrawals may result in a loss in addition to applicable surrender charges. 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. 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. Neither Prudential Financial, Inc. nor Assurance IQ issues, underwrites, or administers health plans or health insurance policies. Low-risk investments today offer little growth opportunity, while investing in the stock market can be risky. ABOUT PRUDENTIAL INDIVIDUAL LIFE INSURANCE [email protected], Marisa Amador 0 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. FlexGuard - NY offers them the opportunity to choose their buffer level as well as their term length. 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. On an Index Strategy Start Date, the Index Strategy Base applicable to that Index Strategy would be used instead of the Interim Value. to grow your money in up markets by choosing from FlexGuards three index strategies. Change of Ownership terminates the Return of Purchase Payments death benefit. 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. Investment advisory products and services are made available through Pruco, a registered investment adviser. 2023 Prudential Financial, Inc. and its related entities. Allianz Life Insurance Company was #1 in U.S. .RIANavBar a { This and other important information are contained in the initial summary prospectus and the index strategies prospectus for the contract and the summary prospectus or prospectus for the underlying portfolios (collectively, the "prospectuses") which can be obtainedon the prospectus page or by contacting the National Sales Desk. The Disclosure Statement contains a more detailed description of the limited relationship MSCI has with Pruco Life Insurance Company and any related annuity contracts. Other proprietary Fortitude Re marks may be designated as such through the use of the SM or symbols. Prudential Financial, its affiliates, and their financial professionals do not render tax or legal advice. Prudential and its affiliates are not liable for use of the Stages platform. 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. The stock price is. Please use one of the browsers below or contact your IT department regarding approved options. 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. Each is a Prudential Financial company located in Newark, NJ (main office), except for PALAC which is located in Shelton, CT (main office), and each is solely responsible for its own financial condition and contractual obligations. 0000046767 00000 n 528 36 } 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. They decide the percentage of their money to allocate to each and the term of each index-based strategy. 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. 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. Any withdrawal taken during an index term will not be eligible to receive interest at the end of the index term. Conservative, risk averse, or uncomfortable with the idea of losing money, but still want the potential to grow it, Looking for a way to protect and potentially grow a portion of their income-producing assets earmarked for retirement, Frustrated with the minimal returns they are receiving in today's low interest rate environment, Service your existing Prudential Annuities clients, Minimum renewal Cap Rate during surrender charge period 1.00%, after surrender charge period 1.00%, Minimum renewal Participation Rate during surrender charge period 5.00%, after surrender charge period 5.00%, Minimum renewal Cap Rate during surrender charge period 2.00%, after surrender charge period 1.00%, Minimum renewal Participation Rate during surrender charge period 10.00%, after surrender charge period 5.00%, Minimum renewal Fixed Rate during surrender charge period 1.00%; after surrender charge period 0.05%, Withdrawals in excess of the free withdrawal amount, with the exception of Required Minimum Distributions, are subject to an MVA during the surrender charge period, This adjustment may either increase or decrease the amount withdrawn and is determined by a formula that is tied to the Bloomberg U.S. Intermediate Credit Index; MVA may not apply in all states, Free withdrawals in each contract year are not cumulative, Surrender charges and MVA will not apply to RMDs that Prudential calculates, Minimum renewal Cap Rate during surrender charge period 3.00%, after surrender charge period 1.00%, This adjustment may either increase or decrease the amount withdrawn and is determined by a formula that is tied to the BloombergU.S. Intermediate Credit Index; MVA may not apply in all states, Certain securities products and services are offered through Pruco Securities, LLC and Prudential Investment Management Services, LLC, both members. These advisors currently offer only insurance products issued by PICA and its affiliates (Prudential companies). } 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. . } 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. Started in 2010 with one company, these hybrid annuities do offer is a limited loss to an investor between 10% and 20% of the markets decline during a specified period usually a year period. For complete information about the annuity, please refer to the PruSecure Important Information Disclosure Statement PDF opens in a new window. Prudential charges 1.1% annually plus 0.8% for its Defined Income Benefit (but reserves the right to increase this fee to 1.5%). Both are Prudential Financial companies located in Newark, NJ. Variable investment options are offered with this product; however, are not included for illustration purposes and do not offer downside protection. With the help of the buffer, your risk of loss could be lessened. Variable Annuities and Variable Life Insurance are distributed by Prudential Annuities Distributors, Inc. (PAD), Shelton, CT (main office). 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: For additional important information about the products, services and companies that make them available, please click here Opens in a new window.*. } 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. 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. and has been licensed to Pruco Life Insurance Company ("Licensee"). Fortitude Re has retained PICA as an unaffiliated Third-Party Administrator. Interest credited with the participation rate would be 30% of the 20% increase, which equals 6%. There is risk of loss of principal if negative index returns exceed the selected protection level. Funds allocated to the index-based strategies have the potential to grow based on the performance of their chosen indices, comparing the value on the rst day to the value on the last day of their 1-, 3-, or 5-year. 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. The participation rate is an upper limit percentage increase used to calculate the interest that will be credited for a specific index term(s). One of the advantages of PruSecure is that there are no annual contract or administrative fees. 0000008735 00000 n Each company (PICA, PLAZ, PLNJ, FLIAC, PAD) is solely responsible for its own financial condition and contractual obligations. Unique to Prudential, FlexGuard - NYs 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. 0000005769 00000 n Your clients should consult a tax advisor for more information. Other proprietary Fortitude Re marks may be designated as such through the use of the SM or symbols. It offers a level of protection for your clients money against loss with the opportunity for it to grow based on the performance of a specific market index, or combination of indices. 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. Investing in a variable annuity may be the answer for part of your overall retirement strategy. The selections you choose together with your clients are all dependent on their investment goals and their risk tolerance. Choose one or a combination of them. See current PruSecure Select rate sheetPDF opens in a new window, Index-Based Strategy with Point-to-Point Crediting with Cap Rate. The Initial Term (s) begin on the Issue Date. When the client purchases FlexGuard - NY you will help them make choices, custom-building their annuity to meet their individual needs and goals. Tier Levels may be higher or lower than the initial Tier Level, but will never be higher than the Guaranteed Maximum Tier Level. Prudentials diverse and talented employees help make lives better by creating financial opportunity for more people by expanding access to investing, insurance, and retirement security. 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. August 04, 2022 Prudential FlexGuard reaches $10B total sales milestone at record pace Please reference the prospectus for information about the levels of protection available and other important product information. 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. 0000019833 00000 n Please use one of the browsers below or contact your IT department regarding approved options. Today, Prudential is one of the most recognized and one of the world's largest financial services institutions.. .RIANavActive a:before { Group Insurance coverages are issued by The Prudential Insurance Company of America, a Prudential Financial company, Newark, NJ. Suggestions may appear below after you type 3 letters. There is no maximum amount of Index Credit with this strategy. 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. " As I mentioned, the Flexguard annuity has ZERO fees if invested in the segments and offers up to 20% downside protection. We have also seen a high click-through to the FlexGuard Rate Sheet. 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. 0000011036 00000 n In providing this information, neither Prudential nor any of its affiliates or financial professionals is acting as your ERISA fiduciary. 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. 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. The Interim Value is the value of an Index Strategy on any Valuation Day during an Index Strategy Term. Typically, the longer the surrender charge period, the higher the fixed rates and index-based cap rates and participation rates. Early withdrawals may result in a loss in addition to applicable surrender charges. 0000001712 00000 n Annuities are issued by Pruco Life Insurance Company, a Prudential Financial company, located in Newark, NJ (main office). The Segment Rate of Return for a Choice Segment will always be less than (a) the Performance Cap Rate and (b) the index performance rate, if positive, for that Segment. It is generally more profitable to Prudential if you purchase insurance products that are issued by a Prudential company than a non-Prudential company. 0000013916 00000 n The Segment Rate of Return for a Choice Segment may be less than the Segment Rate of Return for a Standard Segment based on the same index, Segment Buffer and Segment Duration. Contact your wholesaler today and have our team of experts and resources work for you. For additional important information about the products, services and companies that make them available, please click here Opens in a new window.*. Each company (PICA, PLAZ, PLNJ, FLIAC, PAD) is solely responsible for its own financial condition and contractual obligations. 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. } 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. [email protected], Amid market volatility, Prudentials innovative investment strategy meets increased need for asset protection. The information is not intended as investment advice and is not a recommendation about managing or investing your retirement savings. 0000010202 00000 n You should consider the investment objectives, risks, and charges and expenses carefully before investing in the contract and/or underlying portfolios. 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. Deduction of the annual product fee of 1.25%, withdrawal charge, $50 contract maintenance charge (on contracts with less than $100,000 contract value), 0.70% Income Benefit rider fee, and, if . If the index increased by 3%, an amount that is less than the cap rate of 4%, the credited interest would be 3%. Refer to the prospectus for additional information. 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. Investment advisory products and services are made available through Pruco, a registered investment adviser. The commission-based version launches today, with a fee-based version of FlexGuard . Taken from the interactive chart above the buffer annuity invested in the S&P 500 index over the last 20 years gain more than $86,000 than the S&P 500 index. That was an increase of 45% gain from limiting market losses with the 20% market protection each year. Click the chart to see how it works. If you would like information about your particular investment needs, please contact a financial professional. 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. Neither Prudential Financial, Inc. nor Assurance IQ issues, underwrites, or administers health plans or health insurance policies. 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. FlexGuard also enables you to diversify where you put your money by allocating. 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. It is possible to lose money by investing in securities. Our new website has recently launched with features that may not be fully supported by your current browser. 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 . A floor offers 100% downside protection in the event of a market loss. You should read the prospectuses carefully before investing. } Partner with us, and well invest in you. 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. 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. Some of the products and services discussed on the Stages site are in development and may not be currently available. FLIAC is in the process of changing its name from Prudential Annuities Life Assurance Corporation (PALAC) in certain jurisdictions. 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. Announces 2022 Results. Clients have worked hard for their money and want to protect and grow it for the future. Available through certain broker/dealers and offers select index-based strategies and terms. References to FLIAC shall be deemed to be references to PALAC in the jurisdictions where the name change is not yet effective. For Financial Professional Use Only. Participation Rates cannot be less than 100%. Prudentials A.M.Best rating is a A+ along with comdex score of 95. 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 . If the index increased by 20% which is greater than the cap rate of 4% the interest credited would be 4%. Kristen Olsen across well-known indices. 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. The Prudential Insurance Company of America - California COA # 1179. Use up and down arrow keys to navigate. Transfers from the Index Strategy(ies) to the Variable Subaccounts are not allowed at any time. The tax treatment will differ depending on whether they purchased the annuity with pre-tax (qualified) or after-tax (non-qualified) dollars. 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. position: absolute; Rates, buffers, and floors can also be different for each index option. 0000008048 00000 n Any growth is based on the index return. 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. .RIANavBar li { 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. opens in new window. Clients seeking information regarding their particular investment needs should contact a financial professional. Please refer to the product prospectus for fund investment strategies and fee information. for the Prudential FlexGuard Income Index Linked Variable Income Benefit (the "Benefit") available with the Annuity. "Prudential Advisors" is a brand name of The Prudential Insurance Company of America and its subsidiaries. This link has sublinks - To access press Enter. Compliance NumberTemplate: 1000797-00012-00. FlexGuard Income is a retirement product that you and your financial professional can customize based on your unique needs. 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. It is not possible to invest directly in an index. *The 5-year index term can only be elected at contract issue and cannot be renewed.

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