Rates are subject to change at any time. Prudential and its affiliates are not liable for use of the Stages platform. Prudential FlexGuard Indexed Variable Annuity Initial Summary Prospectus (Variable Prospectus) * Index Prospectus * Updating Summary Prospectus (Variable Prospectus) Variable Product Prospectus Prudential FlexGuard Income indexed Variable Annuity Initial Summary Prospectus (Variable Prospectus) * Index Prospectus * 0000010749 00000 n Today the Prudential fee amounts to 1.9% but a few years down the line you may be paying 2.6%! * The 5-year index term can only be elected at contract issue and cannot be renewed. New & Different Solutions. 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. Comprehensive financial planning offered through the Stages channel is more limited in scope than comprehensive financial planning offered through the Prudential Advisors distribution channel. Each issuing insurance company is solely responsible for its own financial condition and contractual obligations. border-left: 10px solid transparent; 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. Growth opportunities are provided by index strategies and variable investment options. ** The websites referenced above are not endorsed or supported by any of the Prudential Financial companies. 0000021753 00000 n The product builds upon the record success of FlexGuard, the fastest-selling indexed variable annuity launch ever in the industry, achieving more than $3.5 . .RIANavBar li { For additional important information about the products, services and companies that make them available, please click here Opens in a new window.*. The product prospectus contains a more detailed description of the limited relationship MSCI has with Pruco Life Insurance Companyof New Jersey and any related annuity contracts. /*background-color: #07639d;*/ Bloomberg Commodity Index reflects changes in a broad range of commodity futures prices, from crude oil and coffee to gold and cattle. +1 201-835-4872 } The selections you choose together with your clients are all dependent on their investment goals and their risk tolerance. Use up and down arrow keys to navigate. Neither Prudential Financial, Inc. nor Assurance IQ offers, 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 - NY also offers variable investment options which can be mixed and matched in any percentage. Not all term and buffer options are available for each index crediting strategy. } Automatic Performance Lock targets must reflect positive growth in the Performance Lock Value. Flexguard Income is issued by Pruco Life Insurance Company CT disclosure MN disclosure 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. For additional important information about the products, services and companies that make them available, please click here Opens in a new window.*. 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 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. Low-risk investments today offer little growth opportunity, while investing in the stock market can be risky. ** The websites referenced above are not endorsed or supported by any of the Prudential Financial companies. The Initial Term (s) begin on the Issue Date. 0000005769 00000 n All products and/or options may not be available in all states or with all broker/dealers. 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. In providing this information, neither Prudential nor any of its affiliates or financial professionals is acting as your ERISA fiduciary. . 0000061397 00000 n display: block; Compliance NumberTemplate: 1000797-00012-00, At least characters must be typed in the search field in order to perform the search. 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 . opens in new window. } 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. 0000024473 00000 n Please consult with your tax and legal advisors regarding your personal circumstances. A leading gauge of the U.S. equities market the Standard & Poors 500 Index includes 500 of the largest companies on the New York Stock Exchange and NASDAQ. Perseus Mining (TSX:PRU) Dividend Yield % as of today (March 01, 2023) is 1.25%. There is no maximum amount of Index Credit with this strategy. Prudential Financial, its affiliates, and their financial professionals do not render tax or legal advice. 0000030460 00000 n .RIANavBar li { left: 50%; FlexGuard - NY and all product features are not approved for use in all states or through all broker-dealers. Please use one of the browsers below or contact your IT department regarding approved options. However, transfers among Variable Subaccounts may occur at any time. One crediting strategy point to point makes it easier for you to explain and clients to understand. 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. Any withdrawal taken during an index term will not be eligible to receive interest at the end of the index term. These advisors currently offer only insurance products issued by PICA and its affiliates (Prudential companies). Assurance IQ, LLC a wholly-owned subsidiary of Prudential Financial, Inc. matches buyers with products such as life and health insurance and auto insurance, enabling them to make purchases online or through an agent. It is possible to lose money by investing in securities. bottom: -18px based on your individual retirement needs and change themes those needs evolve. 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. Annuities are issued by Pruco Life Insurance Company of New Jersey located in Newark, NJ (main office). 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). Pruco Life Prudential FlexGuard Indexed VA. Prudential came to the structured annuity market in early 2020, 10 years after the birth of this category. and S&P 500 company whose subsidiaries provide, , and other retirement financial products to both. The oldest international stock index, it is the most common benchmark in the U.S. for foreign stock funds. All names, marks, and materials used for this review are the property of their respective owners. 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, Certain securities products and services are offered through Pruco Securities, LLC and Prudential Investment Management Services, LLC, both members. 0000009387 00000 n Group Insurance coverages are issued by The Prudential Insurance Company of America, a Prudential Financial company, Newark, NJ. 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. 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. 528 36 Not For Use with the Public. But why should they have to sacrifice one for the other? 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. "Prudential Advisors" is a brand name of The Prudential Insurance Company of America and its subsidiaries. Contact your wholesaler today and have our team of experts and resources work for you. 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. Prudential Annuities does not provide investment advice. Variable investment options are offered with this product; however, are not included for illustration purposes and do not offer downside protection. Each subsidiary is responsible for its own financial condition and contractual obligations. Prudential, also known as "The Rock," has been in business for nearly 140 years. Sales of fixed annuities increased to . June 4, 2022; By ; sterile processing technician jobs; prudential flexguard rate sheet . Surrender charges/fees and periods for this annuity are the typical of most commissionable annuities. 0000010202 00000 n 0000014746 00000 n FlexGuard Income is initially available through Prudential Advisors financial professionals and will expand to additional, third-party broker dealers in fall 2021. Prudential Financial was founded by soon to be US senator John Dryden in 1875 with its one product of burial insurance. bottom: -20px Prudential Retirement Insurance and Annuity Company - California COA # 08003. Index lossesthat exceed the buffer will result in a loss of Account Value. The cap rate is the maximum amount of interest that can be credited during a specific index term. 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. Otherwise, theIndex Credit is equal to the negative Index Return in excess of the Buffer. Not available in New York. Performance Locks are as of close of business on the day the automatic target was met or the manual lock in is requested. Prudential Financial, its affiliates, and their financial professionals do not render tax or legal advice. This link has sublinks - To access press Enter. Renewal rates may be different than those listed below. 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. Prudential and its affiliates are not liable for use of the Stages platform. 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. 1 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. margin: 20px 0; Investment advisory products and services are made available through Pruco, a registered investment adviser. Investing in FlexGuard Lifes Index Strategies does not represent a direct investment in an index. One of the advantages of PruSecure is that there are no annual contract or administrative fees. 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. 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's index strategies allow customers to select strategies providing the potential to accelerate gains above and beyond the index return when certain targets are met. 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. Unfortunately, that didnt rule holding agent up to a higher standard, as a fiduciary, did not pass.