On an Index Strategy End Date, the Index Strategy Base plus the Index Credit applicable to that Index Strategy would be used instead of the Interim Value. The content on this page is for Financial Professional use only. Use up and down arrow keys to navigate. Asset allocation and rebalancing do not ensure a profit or guarantee against loss. The Performance Lock Value is calculated daily and once locked,will not fluctuate for the remainder of the current Index Strategy Term, unless a withdrawal or a reallocation were to occur, and will be as of the Performance Lock Date. Clients should read the prospectuses carefully before investing. MEDIA CONTACTS 528 36 0000009917 00000 n *The 5-year index term can only be elected at contract issue and cannot be renewed. +1 973-802-8969 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. New & Different Solutions. Use up and down arrow keys to navigate. Receiving benefits under the terms of an accelerated death benefit rider for chronic or terminal illness will reduce and may eliminate the death benefit. 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. } If the index decreased by any amount at all,client loses nothing whether they chose the cap rateor participation rate, as they are protected by the floor. 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. Buffers and floors cannot change for a contract after they are established. It can be customized based on a clients retirement goals and adjusted as their needs change. Marketing and training materials contained on these websites need to be approved by the Prudential Retirement Strategies Marketing Compliance Unit prior to use. Growth opportunities with added ability to lock in performance. For more information about FlexGuard Life, visit: prudential.com/landing/indexed-variable-universal-life-insurance. With FlexGuard - NYs Cap Rate index strategy, clients receive any positive index growth up to an upper limit (called a cap). These two index crediting strategies determine how their money may grow. Prudential Financial, Inc. whos symbol of the Rock of Gibraltar, has been keeping its promises since 1875. In addition to one-year index term options, PruSecure offers three- and ve-year index term options, which may offer more upside potential. 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. Fortitude Re and the Fortitude Re logo are service marks of Fortitude Group Holdings, LLC and its affiliates. border-bottom: 10px solid #ccc; Prudential Financial has jumped into the fastest-growing segment of the beleaguered annuity marketthe $17.4 billion market for structured variable annuities-by issuing its first registered index-lined annuity contract, called FlexGuard.. .RIANavBar { FlexGuard - NY offers an innovative index crediting strategyunique to Prudential, with access to variable investment options. With the help of the buffer, your risk of loss could be lessened. In cases where the duration of the index term is shorter than the length of the surrender charge period, your clients may need to renew or reallocate their strategy selections one or more times before the surrender charge period ends. By using this website, you agree that you have read and agree to our Terms and Conditions. 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. In providing this information, neither Prudential nor any of its affiliates or financial professionals is acting as your ERISA fiduciary. 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. 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. Fortitude Re is the marketing name for FGH Parent, L.P. and its subsidiaries, including FLIAC. Contact your wholesaler today and have our team of experts and resources work for you. } 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. For additional important information about the products, services and companies that make them available, please click here Opens in a new window.*. FLIAC is in the process of changing its name from Prudential Annuities Life Assurance Corporation (PALAC) in certain jurisdictions. Think of it as a second layer of protection., Table below will update as the competition changes. Currently, there are some great choices for retirement annuities. To request a side by side, click on the compare button below, and our Certified Financial Planner will be happy to answer any question you might have (Click Here).. The applicable Income Percentage and Income Deferral Rate is based on the attained age of the Protected Life (or younger of the Joint Protected Lives) on the Index Effective Date, according to the tables below: . A variable annuity offers a unique combination of features, including market participation through a variety of investment options; tax-deferred growth opportunities; and optional protection benefits that can provide certain accumulation, income, and beneficiary guarantees for an additional cost. ** The websites referenced above are not endorsed or supported by any of the Prudential Financial companies. Tier Levels may be higher or lower than the initial Tier Level, but will never be higher than the Guaranteed Maximum Tier Level. 0000008048 00000 n 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. This is a hypothetical example for illustrative purposes only. The more loss protection or buffer you select, the less upside gain from the index you will receive. .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. Withdrawals or surrenders may be subject to contingent deferred sales charges. Not available in New York. This link has sublinks - To access press Enter. Are you a licensed financial professional? FlexGuard - NY offers an innovative index crediting strategy unique to Prudential, with access to variable investment options. It's up to you to determine if a fixed indexed annuity is suitable for your clients. 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, Inc. whos symbol of the Rock of Gibraltar, has been keeping its promises since 1875. At the time your clients purchase a contract, they select a 5- or 7-year surrender charge period, which is the amount of time they must wait until they can withdraw funds from the annuity without facing a surrender charge and market value adjustment. MSCI EAFE (Europe, Australasia, Far East) is a widely accepted benchmark for international stock performance. position: absolute; Fortitude Re has retained PICA as an unaffiliated Third-Party Administrator. You will not receive a written financial plan or investment recommendations as part of the no cost consultation. 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. Marketing and training materials contained on these websites need to be approved by the Prudential Retirement Strategies Marketing Compliance Unit prior to use. 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. Year 1: No free withdrawals allowed in the first contract year, unless taken as a Required Minimum Distribution (RMD) that Prudential calculates. Each subsidiary is responsible for its own financial condition and contractual obligations. Minimum Renewal Cap Rate, Participation Rate & Fixed Rate. Prudential Financial Fact Sheet. Automatic Performance Lock targets must reflect positive growth in the Performance Lock Value. Investing in a variable annuity may be the answer for part of your overall retirement strategy. prudential flexguard rate sheet. Salene Hitchcock-Gear President of Individual Life Insurance, Prudential (Photo: Business Wire). Also, its important to note that if they take a withdrawal or annuitize the contract, taxes will apply. See current FlexGuard - NY rates NY disclosure Benefits Features Tools If the index increased by 20% which is greater than the cap rate of 4% the interest credited would be 4%. This website is for U.S. persons Opens in a new window only and may not be approved in all states. Lets get to it. You will not receive a written financial plan or investment recommendations as part of the no cost consultation. This indexed variable annuity, also called an Registered Indexed Linked annuity, RILA, Buffer annuity, will likely be presented on three ideas: 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. 0000009414 00000 n 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. Variable Annuities and Variable Life Insurance are distributed by Prudential Annuities Distributors, Inc. (PAD), Shelton, CT (main office). FLIAC is in the process of changing its name from Prudential Annuities Life Assurance Corporation (PALAC) in certain jurisdictions. For example, if a RILA or buffer annuity has selected the optional 20% S&P 500 index protection against a market loss over one year period, an investors account would lose only 8% of its value if the market dropped by 28% in that given year because of the buffer annuity protects the first 20% loss from the market. 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. Group Insurance coverages are issued by The Prudential Insurance Company of America, a Prudential Financial company, Newark, NJ. It is a free float-adjusted market capitalization index that is designed to measure the equity market performance of 21 developed markets, excluding the U.S. and Canada. It is designed to provide customers with partial downside protection and the opportunity to grow and accelerate the performance of their assets into the future. A positive or negative MVA may also apply. 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 . 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. Renewal rates may be different than those listed below. Comprehensive financial planning offered through the Stages channel is more limited in scope than comprehensive financial planning offered through the Prudential Advisors distribution channel. 0000010749 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. Caps, Precision Rates, and DPSCs for a 1-year term cannot be less than 1.50%. This page specifically focuses on Prudential products. 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). 0000001346 00000 n Annuities are issued by Pruco Life Insurance Company of New Jersey located in Newark, NJ (main office). Mix and match indices, crediting strategies, and index term options to create a customized strategy that helps meet your clients needs. 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. Compliance NumberTemplate: 1000797-00012-00. 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. There may typically be upper limits known as cap rates and participation rates, on the amount of potential interest credited in a given period, as well as a floor that offers downside protection. kristen.olsen@prudential.com, Marisa Amador The Initial Term (s) begin on the Issue Date. } across well-known indices. Please consult with your tax and legal advisors regarding your personal circumstances. Participation Rates cannot be less than 100%. * FlexGuard index strategies help clients: FOR FINANCIAL PROFESSIONAL USE ONLY. MFS Value Series Service Class MFS International Growth Portfolio Service Class MFS Total Return Series Service Class MFS Total Return Bond Series Service Class PSF PGIM Government Money Market Portfolio Class III default Holding Account. Please refer to the current rate sheet and prospectus for more information. 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.
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