prudential flexguard rate sheet

528 0 obj <> endobj left: 50%; Receive alerts on new stories, articles, and more by subscribing to one or more RSS Feeds. August 04, 2022 Prudential FlexGuard reaches $10B total sales milestone at record pace With FlexGuard - NYs Cap Rate index strategy, clients receive any positive index growth up to an upper limit (called a cap). FLIAC is not licensed to do business in New York, effective December 31, 2015, which had no impact on existing annuity contracts sold through FLIAC. The cap rate is the maximum amount of interest that can be credited during a specific index term. FlexGuard - NY is issued byPruco Life Insurance Company. 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. Levels of downside protection are available on index-crediting strategies only. "Prudential Advisors" is a brand name of The Prudential Insurance Company of America and its subsidiaries. We have also seen a high click-through to the FlexGuard Rate Sheet. There is risk of loss of principal if negative index returns exceed the selected protection level. Please refer to the product prospectus for fund investment strategies and fee information. Variable Annuities and Variable Life Insurance are distributed by Prudential Annuities Distributors, Inc. (PAD), Shelton, CT (main office). 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. Withdrawals taken during the surrender charge period, excluding any Required Minimum Distributions, will be subject to any applicable surrender charges and a Market Value Adjustment. Today, Prudential is one of the most recognized and one of the world's largest financial services institutions.. 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. 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. 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. 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. All names, marks, and materials used for this review are the property of their respective owners. 0000061397 00000 n Rates are subject to change at any time. Prudential FlexGuard Life and all product features are not approved for use in all states or through all broker-dealers. * "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. Marketing and training materials contained on these websites need to be approved by the Prudential Retirement Strategies Marketing Compliance Unit prior to use. Withdrawals or surrenders may be subject to contingent deferred sales charges. Prudential Financial Fact Sheet. 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. Annuities are issued by Pruco Life Insurance Company, a Prudential Financial company, located in Newark, NJ (main office). 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. 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. Please consult with your tax and legal advisors regarding your personal circumstances. -webkit-transform: translate(-50%, -50%); In a rising interest rate environment, increases in caps if any, may be substantially slower than increases in interest rates. Caps, Precision Rates, and DPSCs for a 1-year term cannot be less than 1.50%. Flexguard Income is issued by Pruco Life Insurance Company CT disclosure MN disclosure (See Important Information Disclosure Statement for additional information about MVAs.) Annuities are issued by Pruco Life Insurance Company of New Jersey located in Newark, NJ (main office). Investing in FlexGuard Lifes Index Strategies does not represent a direct investment in an index. LINK by Prudential is an umbrella marketing name for Prudential Customer Solutions LLC ("PCS"), Prudential Annuities Distributors, Inc. and various subsidiaries of The Prudential Insurance Company of America. 0000046879 00000 n Please consult with your tax and legal advisors regarding your personal circumstances. 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. Please reference the prospectus for information about the levels of protection available and other important product information. References to FLIAC shall be deemed to be references to PALAC in the jurisdictions where the name change is not yet effective. } Some of the products and services discussed on the Stages site are in development and may not be currently available. 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. "Prudential Advisors" is a brand name of The Prudential Insurance Company of America and its subsidiaries. The information is not intended as investment advice and is not a recommendation about managing or investing your retirement savings. Rates, buffers, and floors can also be different for each index option. The Insurance Charge is a combination of the Mortality & Expense Risk Charge and the Administration Charge. If you qualify, please, A retirement strategy as individual as you are. Automatic Performance Lock targets must reflect positive growth in the Performance Lock Value. 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. 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. 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 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. They decide the percentage of their money to allocate to each and the term of each index-based strategy. After Year 1: Client(s) may withdraw up to 10% of the account value each year (based on the previous contract anniversary, after all index/interest credits are applied) without surrender charges or MVA. This website is for U.S. persons Opens in a new window only and may not be approved in all states. Partner with us, and well invest in you. 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. 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. This zero fee hedging strategy is only available within an annuity wrapper which is why I recommended it and own a similar product with Lincoln Financial myself. The value of an Index Strategy at the end of any Valuation Day during an Index Strategy Term other than the Index Strategy Start Date and Index Strategy End Date. 0000009917 00000 n Our new website has recently launched with features that may not be fully supported by your current browser. +1 201-835-4872 Prudential FlexGuard income indexed variable annuity . FLIAC is in the process of changing its name from Prudential Annuities Life Assurance Corporation (PALAC) in certain jurisdictions. Index Advantage Income provides multiple index options, which are the combination of a crediting method, also called an index strategy, the index, the time period for measuring Index Performance (term), and a 10% or 20% buffer or a -10% floor.