.pru-module.pru-module-12 .pru-module-rich-text-editor {width: 100%;}, See product specifications for more information on funds and fees associated PDF opens in new window. Contact your wholesaler today and have our team of experts and resources work for you. There is risk of loss of principal if negative index returns exceed the selected protection level. 2023 Prudential Financial, Inc. and its related entities. 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. 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. Early withdrawals may result in a loss in addition to applicable surrender charges. 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. 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. Fortitude Re has retained PICA as an unaffiliated Third-Party Administrator. } 0000001537 00000 n FlexGuard - NY offers an innovative index crediting strategyunique to Prudential, with access to variable investment options. 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. As you help your clients plan for a more secure tomorrow, you'll want to work with a company you know and trust. 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. Variable Annuities and Variable Life Insurance are distributed by Prudential Annuities Distributors, Inc. (PAD), Shelton, CT (main office). Our annuity review also called look is overseen by our in house Certified Financial Planner that has to put you first, as a fiduciary thru the CFP Board so you will have the confidence to use these annuities in your retirement plan after our reviews. Compliance NumberTemplate: 1000797-00012-00, At least characters must be typed in the search field in order to perform the search. Subsequent Rates may differ from the Rates used for new contracts or for other contracts issued at different times, Certain securities products and services are offered through Pruco Securities, LLC and Prudential Investment Management Services, LLC, both members. You also have the opportunityto grow your money in up markets by choosing from FlexGuards three index strategies. Receive alerts on new stories, articles, and more by subscribing to one or more RSS Feeds. Each index strategy determines how your money can grow and calculates the interest you can earn differently. In providing this information, neither Prudential nor any of its affiliates or financial professionals is acting as your ERISA fiduciary. } An allocation to the index options is not a purchase of shares of any stock or index fund or a direct . It is possible to lose money by investing in securities. Please refer to the current rate sheet. 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 S&P 500 Index is a product of S&P Dow Jones Indices LLC ("SPDJI"), and has been licensed for use by Pruco Life Insurance Company of New Jersey. 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. But why should they have to sacrifice one for the other? The Prudential Life Insurance Company of America Newark, NJ. Prudential FlexGuard commissionable annuity (B-shares) have a 6 year surrender charge starting at 7% charge in the first year and second year following with a 1% reduction every year after that. 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. "Prudential Advisors" is a brand name of The Prudential Insurance Company of America and its subsidiaries. Minimum Renewal Cap Rate, Participation Rate & Fixed Rate. /*background-color: #07639d;*/ For more information about FlexGuard Life, visit: prudential.com/landing/indexed-variable-universal-life-insurance. only and may not be approved in all states. } Gains or losses are assessed at the end of each index. CDs are FDIC-insured up to $250,000 per fi nancial institution, and there may be a penalty for early withdrawal. For additional important information about the products, services and companies that make them available, please click here Opens in a new window.*. Prudential FlexGuard Life and all product features are not approved for use in all states or through all broker-dealers. The selections you choose together with your clients are all dependent on their investment goals and their risk tolerance. You will not receive a written financial plan or investment recommendations as part of the no cost consultation. The Performance Value will not fluctuate for the remainder of the existing index strategy term unless there is a withdrawal or reallocation. S&P 500 Index is a market capitalization-weighted index of the 500 widely held stocks often used as a proxy for the stock market. ** The websites referenced above are not endorsed or supported by any of the Prudential Financial companies. Suggestions may appear below after you type 3 letters. The tax treatment will differ depending on whether they purchased the annuity with pre-tax (qualified) or after-tax (non-qualified) dollars. FlexGuard - NY and all its features may not be approved in allbroker-dealers. For complete product information, please reference the client brochure PDF opens in new window, rate sheet PDF opens in a new window, and product prospectus. The contract, announced this week, has been issued as a B-share variable annuity (with a six-year surrender period with a 7% withdrawal penalty in the . Announces 2022 Results. 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. 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. Please consult with your tax and legal advisors regarding your personal circumstances. Are you a licensed financial professional? 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. Dow Jones U.S. Real Estate Index is designed to track the performance of Real Estate Investment Trusts (REITs) and other companies that invest directly or indirectly in real estate through development, management, or ownership, including property agencies. Interest credited with the participation rate would be 30% of the 20% increase, which equals 6%. You should consider the investment objectives, risks, and charges and expenses carefully before investing in the contract and/or underlying portfolios. 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. FlexGuard offers you the ability to allocate amongst the following Variable Investment options, in addition to the Index Strategies. 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. If the index increased by 20% which is greater than the cap rate of 4% the interest credited would be 4%. 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. There are limitations and restrictions when making withdrawals. Fortitude Re is the marketing name for FGH Parent, L.P. and its subsidiaries, including FLIAC. It is a calculated value and is used when a withdrawal, death benefit payment, transfer, annuitization, or surrender occurs mid-term. During this period, if they withdraw any or all of the money from the annuity, surrender charges and a Market Value Adjustment will apply. 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. For additional important information about the products, services and companies that make them available, please click here Opens in a new window.*. 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. Both are Prudential Financial companies located in Newark, NJ. With FlexGuard - NYs Cap Rate index strategy, clients receive any positive index growth up to an upper limit (called a cap). 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. .id-Z7_G802HJS0M0B280QQVMVG6OP8R2 .ibmPortalControl .module { Please reference the prospectus for information about the levels of protection available and other important product information. 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. Please refer to the product prospectus for fund investment strategies and fee information. 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. 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 . Prudential Financial, Inc. ( NYSE: PRU ), a global financial services leader and premier active global investment manager with more than $1.4 trillion in assets under management as of June 30,. content: ""; Clients seeking information regarding their particular investment needs should contact a financial professional. Investing in securities involves risk, and there is always the potential of losing money. 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. One of the advantages of PruSecure is that there are no annual contract or administrative fees. This page specifically focuses on Prudential products. startxref "Prudential Advisors" is a brand name of The Prudential Insurance Company of America and its subsidiaries. CURRENT RATES This rate sheet provides the Cap Rate, Step Rates, Participation Rates (Par Rates) and Tier Levels currently offered on the Prudential FlexGuard indexed variable annuity. Index lossesthat exceed the buffer will result in a loss of Account Value. This link has sublinks - To access press Enter. 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. Access to policy cash values is through loans and withdrawals. The Prudential FlexGuard indexed variable annuity to which this disclosure applies (the "Product") has been developed solely by . Because this a tax qualified annuity gains are tax deferred until income/money is taken out of the annuity. This link has sublinks - To access press Enter. Salene Hitchcock-Gear President of Individual Life Insurance, Prudential (Photo: Business Wire). It's up to you to determine if a fixed indexed annuity is suitable for your clients. The information is not intended as investment advice and is not a recommendation about managing or investing your retirement savings. These advisors currently offer only insurance products issued by PICA and its affiliates (Prudential companies). 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. 0000019833 00000 n However, transfers among Variable Subaccounts may occur at any time. 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.

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