Partner with us, and well invest in you. 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. 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. 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. Suggestions may appear below after you type 3 letters. Variable investment options are available but do not offer protection levels. Check out the current rate sheet. border-bottom: 10px solid #ccc; 0000000016 00000 n 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. +1 201-835-4872 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. * The 5-year index term can only be elected at contract issue and cannot be renewed. 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. These rates are set by Prudential Annuities and effective as of the date indicated above. 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. These advisors currently offer only insurance products issued by PICA and its affiliates (Prudential companies). It offers you lifetime income with levels of protection and growth potentialbefore and after you start income. 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. 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. 0000001537 00000 n 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. It can be customized based on a clients retirement goals and adjusted as their needs change. 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. Access to policy cash values is through loans and withdrawals. 0000015975 00000 n 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. The Prudential Life Insurance Company of America Newark, NJ. 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. If the Index Return is positive, but less than the Cap Rate, the Index Credit is equal to theIndex Return. 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. Clients seeking information regarding their particular investment needs should contact a financial professional. Salene Hitchcock-Gear President of Individual Life Insurance, Prudential (Photo: Business Wire). 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. Subject: Announcing Prudential FlexGuard indexed variable annuity Prudential FlexGuard indexed variable annuity available on or about May 18, 2020 Dear Valued Partner, . Copyright 2019-2023 Annuity Look 1-800-325-1833, Annuity Company Issuer Review: Prudential Financial. 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. 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. kristen.olsen@prudential.com, Marisa Amador Withdrawals taken during the surrender charge period, excluding any Required Minimum Distributions, will be subject to any applicable surrender charges and a Market Value Adjustment. 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 of America, where such use would be prohibited or otherwise regulated. Or download ourclient-approved brochure PDF opens in new window, product prospectus opens in new window and rate sheet PDF Opens in New Window to share with clients and help educate them about FlexGuard - NY. Typically, the longer the surrender charge period, the higher the fixed rates and index-based cap rates and participation rates. The Performance Lock Value, which is different than the Interim Value, is adjusted for any withdrawals or reallocations that occur prior to the Index Strategy End Date. Available through certain broker/dealers and offers select index-based strategies and terms. Buffers and floors cannot change for a contract after they are established. "Prudential Advisors" is a brand name of The Prudential Insurance Company of America and its subsidiaries. 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. . 0000061397 00000 n } All names, marks, and materials used for this review are the property of their respective owners. Remember that the index credits are capped at a lower rate than the index itself like your index mutual funds or EFT at Charles Schwab or Fidelity. They are options held on the indexes at the annuity carriers investment department. Most indexes described above will NOT include the dividends which historically represent some returns in the case of the S&P 500 index. Some of the products and services discussed on the Stages site are in development and may not be currently available. If youd like to see Fortitude Re product information, please click here opens in new window. strategies called Tiered Participation Rate and Step Rate Plus, that can enable you to accelerate a portion of your growth potential in up markets, providing you with the possibility of earning even more. 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. A floor offers 100% downside protection in the event of a market loss. Clients seeking information regarding their particular investment needs should contact a financial professional. There is risk of loss of principal if negative index returns exceed the selected protection level. FlexGuard - NY and all its features may not be approved in allbroker-dealers. 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). Step Rate Plus Index Strategy Underperform: 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. The information is not intended as investment advice and is not a recommendation about managing or investing a clients retirement savings. 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. Prudential will not provide advice or notify clients regarding whether theyshould exercise a Performance Lock or the optimal time for doing so. 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. This is an independent review for you to see the pros and cons of this particular annuity. @media (max-width: 991px) { You also have the opportunityto grow your money in up markets by choosing from FlexGuards three index strategies. If the index increased by 20% which is greater than the cap rate of 4% the interest credited would be 4%. 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. Caps, Precision Rates, and DPSCs for a 1-year term cannot be less than 1.50%. 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. 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. Today, Prudential is one of the most recognized and one of the world's largest financial services institutions.. Money in the xed rate strategy is guaranteed to grow at a predetermined interest rate for a period of one year. FlexGuard offers you the ability to allocate amongst the following Variable Investment options, in addition to the Index Strategies. Not available in New York. }*/ 2023 Prudential Financial, Inc. and its related entities. 0000017237 00000 n Performance Locks are as of close of business on the day the automatic target was met or the manual lock in is requested. FlexGuard - NY is issued by Pruco Life Insurance Company. Not for Consumer Use. If you would like information about your particular investment needs, please contact a financial professional. If youre considering this annuity and have additional questions, feel free contact us via oursecure contact form. 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. The participation rate is an upper limit percentage increase used to calculate the interest that will be credited for a specific index term(s). The oldest international stock index, it is the most common benchmark in the U.S. for foreign stock funds. 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.

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