This link has sublinks - To access press Enter. Prudential charges 1.1% annually plus 0.8% for its Defined Income Benefit (but reserves the right to increase this fee to 1.5%). It can be customized based on a client's retirement goals and adjusted as their needs change. Neither Prudential Financial, Inc. nor Assurance IQ issues, underwrites, or administers health plans or health insurance policies. 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. Clients have worked hard for their money and want to protect and grow it for the future. Clients seeking information regarding their particular investment needs should contact a financial professional. The information is not intended as investment advice and is not a recommendation about managing or investing your retirement savings. This website is for U.S. persons Opens in a new window only and may not be approved in all states. 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. 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. 0000018563 00000 n Fee-Only planners have access to Advisory or I- share fee advised structured annuities, They usually have zero surrender charges, instant liquidity, and higher index rates. These planners charge annual fees to manage the indexes around 1.00% per year of assets in the annuity. Still, a better option as these fee-only RILA annuities have higher upside cap rates than the commissionable traditional RILA/ buffer annuities. Check out, for available fee-only buffer annuities. 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. ("Prudential") matches buyers with products such as life and health insurance and auto insurance, enabling them to make purchases online or through an agent. 0000008048 00000 n "Prudential Advisors" is a brand name of The Prudential Insurance Company of America and its subsidiaries. References to FLIAC shall be deemed to be references to PALAC in the jurisdictions where the name change is not yet effective. Otherwise, the Index Credit is equal to the negative Index Return in excess of the Buffer. The cap rate is the maximum amount of interest that can be credited during a specific index term. Investing in a variable annuity may be the answer for part of your overall retirement strategy. The Initial Term (s) begin on the Issue Date. FlexGuard - NY offers an innovative index crediting strategyunique to Prudential, with access to variable investment options. Buffer. Portfolio Allocation The pie chart illustrates how investment . Caps for the 3-year term cannot be less than 5% and for a 6-year term cannot be less than 10%. which may help limit loss in down markets, partially shielding your account in the case ofa negative index return. The Interim Value is the value of an Index Strategy on any Valuation Day during an Index Strategy Term. Please refer to the current rate sheet and prospectus for more information. It does not reect a specific annuity or an actual account value. 0 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. 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. Are you a licensed financial professional? Variable investment options are available but do not offer protection levels. A positive or negative MVA may also apply. 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. 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 . 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. 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. Use our income modeling tool Current Index Strategy Rates and Caps Current Income Percentages and Deferral Rates CT disclosure 0000005769 00000 n "Prudential Advisors" is a brand name of The Prudential Insurance Company of America and its subsidiaries. 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). Please consult with your tax and legal advisors regarding your personal circumstances. It is a calculated value and is used when a withdrawal, death benefit payment, transfer, annuitization, or surrender occurs mid-term. Neither Prudential Financial, Inc. nor Assurance IQ offers, underwrites, or administers health plans or health insurance policies. On each Index Anniversary Date, you may reallocate any Index Strategy that has reached the end of the Index Term or allocate money into new Index Strategies. As a result, clientsmay receive less than the full Index Credit, or less than the full protection of the Buffer, thanthey would have received if they waited for us to apply the Index Credit on the Index Strategy End Date. 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. 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. display: block; 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. Investors should carefully consider the features of the contract, index strategies, and the underlying portfolios' investment objectives, policies, management, risks, charges and expenses. For more information, please visit news.prudential.com. Topics Protection Income By using this website, you agree that you have read and agree to our Terms and Conditions. 0000046879 00000 n A copy of the prospectuses may be obtained from prudential.com or your financial professional. Otherwise, theIndex Credit is equal to the negative Index Return in excess of the Buffer. In addition to one-year index term options, PruSecure offers three- and ve-year index term options, which may offer more upside potential. across well-known indices. }*/, 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.*. Announces 2022 Results. However, if your clients withdraw any of their money during the first contract year or more than 10% of their money in any subsequent year during the surrender charge period, there may be a surrender charge. In this annuity review we will be going over annuity details regarding the Prudential Flex Guard Structed Variable annuity. With an FIA, your clients money is not actually invested in any index, but rather may earn interest based on the indexs performance. /* .RIANavActive a:before { * FlexGuard index strategies help clients: FOR FINANCIAL PROFESSIONAL USE ONLY. Each subsidiary is responsible for its own financial condition and contractual obligations. Prudential Financial names its next Emerging Visionaries For the second year, 25 exceptional young leaders are honored for their work addressing the challenges of a changing world. Gains or losses are assessed at the end of each term. 5 years: 9%, 9%, 8%, 7%, 6% (California: 8.25%, 8%, 7.75%, 7%, 6%) 7 years: 9%, 9%, 8%, 7%, 6%, 5%, 4% (California: 8.25%, 8%, 7.75%, 7%, 6%, 5%, 4%) Rates will vary based on the surrender charge period chosen. FLIAC is in the process of changing its name from Prudential Annuities Life Assurance Corporation (PALAC) in certain jurisdictions. 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. 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. Featured News Stories. 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. FlexGuard - NY also offers variable investment options which can be mixed and matched in any percentage. 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. Pruco Life Insurance Company, an Arizona company - California COA # 3637. 0000030064 00000 n If the Index Return is negative, but less than or equal to the Buffer, the Index Credit is zero. 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. Bloomberg is not affiliated with Pruco Life Insurance Company nor approves, endorses, reviews or recommends PruSecure. NEWARK, N.J., June 15, 2021 - Prudential Financial Inc. ( NYSE: PRU ), today launched FlexGuard Income, a new indexed variable annuity that provides customers with investment strategies for growth potential, along with different levels of protection and the ability to help enhance income in retirement. 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. Partial downside protection is provided through the bufferwhere index losses within the buffer are protected. It affords them access to cash values when needed, providing the unique opportunity to leave a legacy while also expanding access to living benefits. Bloomberg Commodity IndexSM: "Bloomberg" and "Bloomberg Commodity IndexSM" are service marks of Bloomberg Finance L.P. and its affiliates (collectively, "Bloomberg") and have been licensed for use for certain purposes by Pruco Life Insurance Company. You also have the opportunityto grow your money in up markets by choosing from FlexGuards three index strategies. For complete information about the annuity, please refer to the PruSecure Important Information Disclosure Statement PDF opens in a new window. The information is not intended as investment advice and is not a recommendation about managing or investing your retirement savings. 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. Furthermore, the underlying mutual fund fee is 0.83%. FlexGuard also enables you to diversify where you put your money by allocating. Withdrawals taken during the surrender charge period, excluding any Required Minimum Distributions (RMDs), will be subject to any applicable surrender charges and a Market Value Adjustment (MVA). 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. 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. FlexGuards three index strategies include a cap rate strategy, which allows you to earn interest on any index growth up to a defined limit, called a cap; as well as two index. 1-Year Term 3-Year Term 1-Year Term (Step Rate) 1-Year Term (Fixed Account) Get started today. and has been licensed to Pruco Life Insurance Company ("Licensee"). Each company (PICA, PLAZ, PLNJ, FLIAC, PAD) is solely responsible for its own financial condition and contractual obligations. Lets get to it. 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. Prudential is not responsible for any losses related to decisions whether or not to exercise a Performance Lock. NEWARK, N.J. -- (BUSINESS WIRE)-- Prudential Financial, Inc. ( NYSE: PRU ), launched FlexGuard today, the company's first indexed variable annuity product, designed . 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. Use up and down arrow keys to navigate. 0000017237 00000 n References to FLIAC shall be deemed to be references to PALAC in the jurisdictions where the name change is not yet effective. If you qualify, please, A retirement strategy as individual as you are. } Variable Annuities and Variable Life Insurance are distributed by Prudential Annuities Distributors, Inc. (PAD), Shelton, CT (main office).