Prudential FlexGuard Life is an innovative Indexed Variable Universal Life product that offers a flexible combination of protection, growth, and access to meet consumers' changing life insurance needs. Investing in securities involves risk, and there is always the potential of losing money. It is generally more profitable to Prudential if you purchase insurance products that are issued by a Prudential company than a non-Prudential company. for the Prudential FlexGuard Income Index Linked Variable Income Benefit (the "Benefit") available with the Annuity. But why should they have to sacrifice one for the other? Sales of the FlexGuard Suite annuities, which are the variable annuities that Prudential most wants to sell, decreased to $1.1 billion, from $1.4 billion. Minimum Renewal Cap Rate, Participation Rate & Fixed Rate. This link has sublinks - To access press Enter. Copywriter: Susanne Bassmann . A floor offers 100% downside protection in the event of a market loss. "Prudential Advisors" is a brand name of The Prudential Insurance Company of America and its subsidiaries. Neither Prudential Financial, Inc. nor Assurance IQ issues, underwrites, or administers health plans or health insurance policies. Upon renewal or reallocation, your clients may continue with the same strategy and allocation, or choose from the other strategies and terms available at that time. Participation Rates cannot be less than 100%. I hope you found this look informative and found value in your time. Aloha! Topics Protection Income The stock price is. 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: . 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. Caps for the 3-year term cannot be less than 5% and for a 6-year term cannot be less than 10%. opens in new window. "Prudential Advisors" is a brand name of The Prudential Insurance Company of America and its subsidiaries. Please consult with your tax and legal advisors regarding your personal circumstances. Investing in Prudential FlexGuard or FlexGuard Income's index strategies does not represent a direct investment in an index. 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. 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. Gains or losses are assessed at the end of each term. 2023 Prudential Financial, Inc. and its related entities. Use up and down arrow keys to navigate. Unpaid loans and withdrawals reduce cash values and death benefits; and may have tax consequences. Fortitude Re is the marketing name for FGH Parent, L.P. and its subsidiaries, including FLIAC. Money in the xed rate strategy is guaranteed to grow at a predetermined interest rate for a period of one year. They decide the percentage of their money to allocate to each and the term of each index-based strategy. This is an independent review for you to see the pros and cons of this particular annuity. Variable Annuities and Variable Life Insurance are distributed by Prudential Annuities Distributors, Inc. (PAD), Shelton, CT (main office). for Prudential Investment Management Services, LLC. Prudential Financial, Inc. whos symbol of the Rock of Gibraltar, has been keeping its promises since 1875. 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. 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. 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. 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. Prudential FlexGuard income indexed variable annuity . 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. FlexGuard - NY and all product features are not approved for use in all states or through all broker-dealers. Each company (PICA, PLAZ, PLNJ, FLIAC, PAD) is solely responsible for its own financial condition and contractual obligations. 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. It's up to you to determine if a fixed indexed annuity is suitable for your clients. 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 experience has also seen over 400 users click through to the FlexGuard Modeling Tool. If the Index Return is between zero and the declared Tier Level, then the Index Credit is equal to the IndexReturn multiplied by the Participation Rate for the 1st tier. 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. prudential flexguard rate sheet. The commission-based version launches today, with a fee-based version of FlexGuard . 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. In this annuity review we will be going over annuity details regarding the Prudential Flex Guard Structed Variable annuity. 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. FlexGuard Income is initially available through Prudential Advisors financial professionals and will expand to additional, third-party broker dealers in fall 2021. NEWARK, N.J. -- (BUSINESS WIRE)-- Prudential Financial, Inc. ( NYSE: PRU ), launched FlexGuard today, the company's first indexed variable annuity product, designed . Featured News Stories. Lets get to it. 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. +1 973-802-8969 All guarantees, including any optional benefits, are subject to the claims-paying ability and financial strength of the issuing insurance company. This page specifically focuses on Prudential products. FlexGuard - NY is issued byPruco Life Insurance Company. All references to income certainty and guarantees, including optional benefits, are backed by the claims-paying ability of the issuing company and do not apply to the underlying investment options. Net loss attributable to Prudential Financial, Inc. of $558 million or $1.53 per Common share versus net income of $1.208 billion or $3.13 per share for the year-ago quarter. Are you a licensed financial professional? 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. The Insurance Charge is a combination of the Mortality & Expense Risk Charge and the Administration Charge. Prudential Financial, its affiliates, and their financial professionals do not render tax or legal advice. 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. 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. Prudential will not provide advice or notify clients regarding whether theyshould exercise a Performance Lock or the optimal time for doing so. } display: block; Mix and match indices, crediting strategies, and index term options to create a customized strategy that helps meet your clients needs. For Financial Professional Use Only. This website is for U.S. persons only and may not be approved in all states. Growth opportunities are provided by index strategies and variable investment options. FlexGuard Life performs exactly in that way, prioritizing protection, growth and access.. .RIANavBar li { 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. Prudential Financial, Inc. Prudential is not responsible for any losses related to decisions whether or not to exercise a Performance Lock. 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. trailer Bloomberg Commodity Index reflects changes in a broad range of commodity futures prices, from crude oil and coffee to gold and cattle. 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 . .RIANavBar li { Investors should carefully consider the features of the contract, index strategies, and the underlying portfolios' investment objectives, policies, management, risks, charges and expenses. Any growth is based on the index return. Interest credited with the participation rate would be 30% of the 20% increase, which equals 6%. Fortitude Re is the marketing name for FGH Parent, L.P. and its subsidiaries, including FLIAC. 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. FlexGuard - NY's Index Strategies do not represent a direct investment in an index. } left: 50%; across well-known indices. The Performance Lock feature is an optional featureavailable on FlexGuard - NY that allows clients to lock in gains or limit the potential for a loss prior to the Index Strategy End Date. Otherwise, the Index Credit is equal to the negative Index Return in excess of the Buffer. PruSecure was designed to meet the needs of clients who are: Initial: $10,000 Subsequent: Not Permitted, Minimum: None / Maximum: 85 Contracts may not be issued on or after the 86th birthday of the oldest of all owners and annuitants, No later than the first contract anniversary on or after the oldest owner's or annuitant's 95th birthday, Indexed-Based Strategy with Point-to-Point Crediting with Cap Rate and Point-to-Point Crediting with Participation Rate. If you qualify, please, A retirement strategy as individual as you are. But that can create a dilemma.
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