0000030460 00000 n With FlexGuard - NYs Cap Rate index strategy, clients receive any positive index growth up to an upper limit (called a cap). Please use one of the browsers below or contact your IT department regarding approved options. As you help your clients plan for a more secure tomorrow, you'll want to work with a company you know and trust. The more loss protection or buffer you select, the less upside gain from the index you will receive. Investors like you doing research on annuities to combat the above concerns are finding it more difficult with all the different types of annuities like hybrid annuities, equity-linked annuities, buffer annuities, fixed index annuities (FIA), and variable annuities. The best selling retirement annuity of 2021 is the registered index-linked annuity (RILA), the $17.4 billion market for structured variable annuities also sometimes referred to as a variable indexed annuity, structured variable annuity, buffer annuity, or a structured annuity is essentially a blend of the best part of a variable annuity and limited downside protection of a fixed indexed annuity (FIA).. 0000024573 00000 n 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. Prudential FlexGuard Income is an indexed variable annuity that offers income with various levels of protection and the opportunity to capitalize on market growth, even after clients have started taking income. Otherwise, theIndex Credit is equal to the negative Index Return in excess of the Buffer. . For Financial Professional Use Only. 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. Available Buffers, which may vary by Index Strategy, are 10%, 15%, and 20%. 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. Please refer to the current rate sheet and prospectus for more information. Fortitude Re and the Fortitude Re logo are service marks of Fortitude Group Holdings, LLC and its affiliates. Dividend Yield % explanation, calculation, historical data and more This website is for U.S. persons Opens in a new window only and may not be approved in all states. Early withdrawals may result in a loss in addition to applicable surrender charges. Not for Consumer Use. 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. The information is not intended as investment advice and is not a recommendation about managing or investing your retirement savings. 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. FlexGuard - NY and all product features are not approved for use in all states or through all broker-dealers. Use up and down arrow keys to navigate. Prudential Financial, Inc. whos symbol of the Rock of Gibraltar, has been keeping its promises since 1875. NEWARK, N.J. - Prudential Financial, Inc. announced that its FlexGuard product has reached a $10 billion total sales milestone since its launch in 2020, making it the fastest-growing indexed variable annuity in the industry, according to data from the Secure Retirement Institute. Term: The number of years that the Shield Option is in effect. 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. 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. FLIAC is in the process of changing its name from Prudential Annuities Life Assurance Corporation (PALAC) in certain jurisdictions. The experience has also seen over 400 users click through to the FlexGuard Modeling Tool. May 18, 2020 8:00AM EDT. Fortitude Re has retained PICA as an unaffiliated Third-Party Administrator. display: block; You also have the opportunityto grow your money in up markets by choosing from FlexGuards three index strategies. margin: 20px 0; } These advisors currently offer only insurance products issued by PICA and its affiliates (Prudential companies). Each index strategy determines how your money can grow and calculates the interest you can earn differently. Clients seeking information regarding their particular investment needs should contact a financial professional. } Tier Levels may be higher or lower than the initial Tier Level, but will never be higher than the Guaranteed Maximum Tier Level. height: 100%; 0000024403 00000 n 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. 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. Variable Annuities and Variable Life Insurance are distributed by Prudential Annuities Distributors, Inc. (PAD), Shelton, CT (main office). 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. 528 36 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). to grow your money in up markets by choosing from FlexGuards three index strategies. Any allocations to the Index Strategies must occur on an Index Anniversary. border-left: 10px solid transparent; Unfortunately, that didnt rule holding agent up to a higher standard, as a fiduciary, did not pass. Servicing the retirement income planning market has grown in popularity as baby boomers and retirees search for options to protect against market volatility and secure lifetime income. 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. These two index crediting strategies determine how their money may grow. Individual Fixed Index Annuity Sales from 2016 to 2019 and they finished in the #2 spot in 2020.. Allianz was founded in 1896 and based in Minneapolis, Minnesota, Allianz Life Insurance Company of North America is a leading provider of retirement and protection solutions, including life insurance, and fixed, variable, and fixed index annuities for . Investing in a variable annuity may be the answer for part of your overall retirement strategy. .RIANavBar { * "Explicit product fees" refers to the Base Contract Fee, or Mortality & Expense Risk Charge and Administration Charge (M&E&A), that apply only to the variable investment options. Prudential FlexGuard income indexed variable annuity DOWNLOAD Slides 3-6 show how investing in an uncertain market or relying on fixed income has taken its toll. Variable Annuities and Variable Life Insurance are distributed by Prudential Annuities Distributors, Inc. (PAD), Shelton, CT (main office). In providing this information, neither Prudential nor any of its affiliates or financial professionals is acting as your ERISA fiduciary. 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 . 0000001712 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. only and may not be approved in all states. bottom: -18px /*background-color: #07639d;*/ Fortitude Re is the marketing name for FGH Parent, L.P. and its subsidiaries, including FLIAC. Otherwise, the Index Credit is equal to the negative Index Return in excess of the Buffer. 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. .RIANavActive a { marisa.amador@prudential.com, Amid market volatility, Prudentials innovative investment strategy meets increased need for asset protection. * The 5-year index term can only be elected at contract issue and cannot be renewed. 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. across well-known indices. Fortitude Re is the marketing name for FGH Parent, L.P. and its subsidiaries, including FLIAC. Available through certain broker/dealers and offers select index-based strategies and terms. Please consult with your tax and legal advisors regarding your personal circumstances. It offers you lifetime income with levels of protection and growth potentialbefore and after you start income. FlexGuard - NY offers an innovative index crediting strategyunique to Prudential, with access to variable investment options. 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. Each company (PICA, PLAZ, PLNJ, FLIAC, PAD) is solely responsible for its own financial condition and contractual obligations. 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. Allocations among variable investment options can happen at any time. This is a hypothetical example for illustrative purposes only. . FlexGuard - NY is issued byPruco Life Insurance Company. A surrender charge, or Contingent Deferred Sales Charge (CDSC), may apply in the event of an early withdrawal from the annuity. Use our income modeling tool Current Index Strategy Rates and Caps Current Income Percentages and Deferral Rates CT disclosure Participation Rates cannot be less than 100%. Money in the xed rate strategy is guaranteed to grow at a predetermined interest rate for a period of one year. Step Rate Plus Index Strategy Underperform: For more information about the product, including the other index crediting strategies, please refer to the client brochures, fact cards, and product prospectuses. MSCI EAFE (Europe, Australasia, Far East) is a widely accepted benchmark for international stock performance. 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. Prudential will not provide advice or notify clients regarding whether theyshould exercise a Performance Lock or the optimal time for doing so. Compliance NumberTemplate: 1000797-00012-00. Other proprietary Fortitude Re marks may be designated as such through the use of the SM or symbols. This area is reserved for members of the news media. 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. The information is not intended as investment advice and is not a recommendation about managing or investing your retirement savings. Asset allocation and rebalancing do not ensure a profit or guarantee against loss. 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. Other proprietary Fortitude Re marks may be designated as such through the use of the SM or symbols. 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 . 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. However, transfers among Variable Subaccounts may occur at any time. 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. 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. 0000009387 00000 n 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. Some of the products and services discussed on the Stages site are in development and may not be currently available. 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). Copyright 2019-2023 Annuity Look 1-800-325-1833, Annuity Company Issuer Review: Prudential Financial. Fortitude Re is the marketing name for FGH Parent, L.P. and its subsidiaries, including FLIAC. 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. The stock price is. +1 973-802-8969 Prudentials iconic Rock symbol has stood for strength, stability, expertise, and innovation for more than a century. The Cap Rate is the maximum rate that may be credited to this strategy. Prudential reserves the right to change rates at any time. If you qualify, please, A retirement strategy as individual as you are. References to FLIAC shall be deemed to be references to PALAC in the jurisdictions where the name change is not yet effective. Annuities and Life Insurance are issued by Prudential Financial companies; The Prudential Insurance Company of America (PICA) or Pruco Life Insurance Company (PLAZ) (in New York, by Pruco Life Insurance Company of New Jersey (PLNJ)), all located in Newark, NJ (main office), or an unaffiliated third-party issuer: Fortitude Life Insurance & Annuity Company (FLIAC), located in Jersey City, NJ. 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. S&P 500, MSCI EAFE, iSHARES RUSSELL 2000 ETF, and INVESCO QQQ ETF. By using this website, you agree that you have read and agree to our Terms and Conditions. Gains or losses are assessed at the end of each term. Clients' money is not actually invested in any index, but may earn interest based on the indexs performance: In this example, the cap rate is 4%, and the participation rate is 30%. Typically, the longer the surrender charge period, the higher the fixed rates and index-based cap rates and participation rates. The Contingent Deferred Sales Charge applies to each Purchase Payment and will be applied to amounts that exceed the Free Withdrawal Amount, Client(s) may withdraw up to 10% of all Purchase Payments still within CDSC without incurring a surrender charge. 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. 528 0 obj <> endobj NEWARK, N.J. -- (BUSINESS WIRE)-- Prudential Financial, Inc. ( NYSE: PRU ), launched FlexGuard today, the company's first indexed variable annuity product, designed . 0000021753 00000 n 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. 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. It is a calculated value that differs from the Interim Value Calculation (refer to the prospectus for additional information) and is used when a Performance Lock transaction occurs. Flexguard Income is issued by Pruco Life Insurance Company CT disclosure MN disclosure Are you a licensed financial professional? 0000024473 00000 n Standard & Poor's, S&P and S&P 500 are registered trademarks of Standard & Poor's Financial Services LLC ("S&P"); Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC ("Dow Jones"); and these trademarks have been licensed for use by SPDJI and sublicensed for certain purposes by Pruco Life Insurance Company of New Jersey. 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). All products and/or options may not be available in all states or with all broker/dealers. 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. ABOUT PRUDENTIAL INDIVIDUAL LIFE INSURANCE FlexGuard Income is initially available through Prudential Advisors financial professionals and will expand to additional, third-party broker dealers in fall 2021. If a Performance Lock is executed when thePerformance Lock Value has declined, clientswill lock in any loss. Low-risk investments today offer little growth opportunity, while investing in the stock market can be risky. /*.RIANavBar ul, .RIANavBar li{ Suggestions may appear below after you type 3 letters. Automatic Performance Lock targets must reflect positive growth in the Performance Lock Value. Each subsidiary is responsible for its own financial condition and contractual obligations. References to FLIAC shall be deemed to be references to PALAC in the jurisdictions where the name change is not yet effective. 0000005769 00000 n 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. Prudential Financial, its affiliates, and their financial professionals do not render tax or legal advice. Please consult with your tax and legal advisors regarding your personal circumstances. Each subsidiary is responsible for its own financial condition and contractual obligations. Prudential and its affiliates are not liable for use of the Stages platform. 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. 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. 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. %PDF-1.7 % and has been licensed to Pruco Life Insurance Company ("Licensee"). 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. Today the Prudential fee amounts to 1.9% but a few years down the line you may be paying 2.6%! Are you a licensed financial professional? 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 cap rate is the maximum amount of interest that can be credited during a specific index term. Use up and down arrow keys to navigate. 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.