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 BufferQuote.comfor available fee-only buffer annuities, FlexGuard is a customizable indexed variable annuity that allows you to make choices. 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. opens in new window. All guarantees, including any optional benefits, are subject to the claims-paying ability and financial strength of the issuing insurance company. Early withdrawals may result in a loss in addition to applicable surrender charges. Prudential Financial, its affiliates, and their financial professionals do not render tax or legal advice. Prudential Financial, Inc. PCS is not a licensed insurance agency or broker. FlexGuard - NY offers an innovative index crediting strategy unique to Prudential, with access to variable investment options. 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. 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). CDs are FDIC-insured up to $250,000 per fi nancial institution, and there may be a penalty for early withdrawal. Change of Ownership terminates the Return of Purchase Payments death benefit. Each company (PICA, PLAZ, PLNJ, FLIAC, PAD) is solely responsible for its own financial condition and contractual obligations. 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. 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. It is not possible to invest directly in an index. The tax treatment will differ depending on whether they purchased the annuity with pre-tax (qualified) or after-tax (non-qualified) dollars. Renewal rates may be different than those listed below. Choose one or a combination of them. xref @media (max-width: 991px) { 0000021753 00000 n Variable Annuities and Variable Life Insurance are distributed by Prudential Annuities Distributors, Inc. (PAD), Shelton, CT (main office). 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. B-Share 6 years: 7%, 7%, 6%, 5%, 4%, 3%; based on the effective date of each Purchase Payment and the percentage of the amount withdrawn from the Purchase Payment, above the free withdrawal amount. A fixed indexed annuity (FIA) is a tax-deferred financial tool designed for the long term. Fortitude Re and the Fortitude Re logo are service marks of Fortitude Group Holdings, LLC and its affiliates. 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. There is no maximum amount of Index Credit with this strategy. A copy of the prospectuses may be obtained from prudential.com or your financial professional. 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 . 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. Some of the products and services discussed on the Stages site are in development and may not be currently available. 0000029765 00000 n 0000030460 00000 n This website is for U.S. persons only and may not be approved in all states. Prudential, the Prudential logo, the Rock Symbol and Bring Your Challenges are service marks of Prudential Financial, Inc. and its related entities, registered in many jurisdictions worldwide. Group Insurance coverages are issued by The Prudential Insurance Company of America, a Prudential Financial company, Newark, NJ. Targets are not available for strategies with a 100% buffer option or the Step Rate Plus Crediting Strategy. By using this website, you agree that you have read and agree to our Terms and Conditions. Investing in Prudential FlexGuard or FlexGuard Income's index strategies does not represent a direct investment in an index. 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. The product builds upon the record success of FlexGuard, the fastest-selling indexed variable annuity launch ever in the industry, achieving more than $3.5 . When the client purchases FlexGuard - NY you will help them make choices, custom-building their annuity to meet their individual needs and goals. %PDF-1.7 % Investing in securities involves risk, and there is always the potential of losing money. Prudential FlexGuard Income indexed variable annuity: current rates Effective Date: 12/15/2022 This new business rate sheet provides the Cap Rates, Step Rates, Participation Rates and Tier Levels as set by Prudential effective as of the date above. Pruco Life Insurance Companyof New Jersey's Product(s) is not sponsored, endorsed, sold or promoted by SPDJI, Dow Jones, S&P, their respective affiliates, and none of such parties make any representation regarding the advisability of investing in such product(s) nor do they have any liability for any errors, omissions, or interruptions of the S&P 500 Index. FlexGuard - NY and all its features may not be approved in allbroker-dealers. Prudential Financial 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 M&G plc, a company incorporated in the United Kingdom. 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. Certified Financial Planner will be happy to answer any question, Protect Select a level of protection that will limit losses, Grow- Participate in the limit upside of market indexes. "Prudential Advisors" is a brand name of The Prudential Insurance Company of America and its subsidiaries. Prudential Financial, Inc. (NYSE: PRU), a global financial services leader and premier active global investment manager, has operations in the United States, Asia, Europe, and Latin America. The Cap Rate is the maximum rate that may be credited to this strategy. Fortitude Re and the Fortitude Re logo are service marks of Fortitude Group Holdings, LLC and its affiliates. 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. 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. Access to policy cash values is through loans and withdrawals. Please use one of the browsers below or contact your IT department regarding approved options. New & Different Solutions. 0000019833 00000 n Caps for the 3-year term cannot be less than 5% and for a 6-year term cannot be less than 10%. For more information, please visit news.prudential.com. .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. 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. A floor offers 100% downside protection in the event of a market loss. Prudential reserves the right to change rates at any time. 0000010202 00000 n Prudential FlexGuard is an indexed variable annuity designed for clients looking for a level of protection and innovative growth opportunities for their retirement savings. If the Index Return is negative, but less than or equal to the Buffer, the Index Credit is zero. This website is for U.S. persons Opens in a new window only and may not be approved in all states. For Financial Professional Use Only. only and may not be approved in all states. 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. 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 . I hope you found this look informative and found value in your time. Aloha! NEWARK, N.J., November 14, 2022 - Prudential Financial, Inc., has launched Prudential FlexGuard Life, an innovative Indexed Variable Universal Life product that offers a flexible combination of protection, growth, and access to meet consumers' changing life insurance needs. position: absolute; 0000009414 00000 n Annuities are issued by Pruco Life Insurance Company of New Jersey located in Newark, NJ (main office). The information is not intended as investment advice and is not a recommendation about managing or investing your retirement savings. Step Rate Plus Index Strategy Index underperforms the Step Rate: Investment advisory products and services are made available through Pruco, a registered investment adviser. If they need more than the Free Withdrawal Amount or want to take a withdrawal in the first year, they can withdraw as much of the account value as they need, but keep in mind that surrender charges and a Market Value Adjustment (MVA) will apply. Unfortunately, that didnt rule holding agent up to a higher standard, as a fiduciary, did not pass. In providing this information, neither Prudential nor any of its affiliates or financial professionals is acting as your ERISA fiduciary. Not all term and buffer options are available for each index crediting strategy. 0000005920 00000 n Typically, the longer the surrender charge period, the higher the fixed rates and index-based cap rates and participation rates. Prudential FlexGuard Life and all product features are not approved for use in all states or through all broker-dealers. 528 0 obj <> endobj Our new website has recently launched with features that may not be fully supported by your current browser. hb``f``b`e`~bl,+00e@L. 0000046879 00000 n 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. It is possible to lose money by investing in securities. Available through certain broker/dealers and offers select index-based strategies and terms. 0000005742 00000 n This is an independent review for you to see the pros and cons of this particular annuity. font-weight: bold; Please consult with your tax and legal advisors regarding your personal circumstances. As of 2019, the Newark New Jersey company Prudential is the largest insurance provider in the United States with $815.1 billion in total assets. The Disclosure Statement contains a more detailed description of the limited relationship MSCI has with Pruco Life Insurance Company and any related annuity contracts. Prudential is not responsible for any losses related to decisions whether or not to exercise a Performance Lock. 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. Each issuing insurance company is solely responsible for its own financial condition and contractual obligations. 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. Withdrawals or surrenders may be subject to contingent deferred sales charges. Please use one of the browsers below or contact your IT department regarding approved options. 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. The selections you choose together with your clients are all dependent on their investment goals and their risk tolerance. 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. See current PruSecure rate sheet PDF Opens in a New Window, Call 833-813-2444 to register or Sign in, Their original premium payment and all growth are fully protected against market loss, Their money can grow based on the performance of a market index or crediting strategy of their choice, If they pass away during their index period, their beneficiaries get a portion of any index growth up to that point, They pay no taxes on any growth until they make a withdrawal. The information is not intended as investment advice and is not a recommendation about managing or investing a clients retirement savings.
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