prudential flexguard rate sheet

only and may not be approved in all states. . for Prudential Investment Management Services, LLC. With an FIA, your clients money is not actually invested in any index, but rather may earn interest based on the indexs performance. 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. Today, Prudential is one of the most recognized and one of the world's largest financial services institutions.. The information is not intended as investment advice and is not a recommendation about managing or investing your retirement savings. 0000010749 00000 n 0000000016 00000 n FlexGuard, Prudential Financial's first indexed variable annuity product, achieved $1 billion in sales less than six months after launch, making it the fastest-selling product of its kind ever . Fortitude Re has retained PICA as an unaffiliated Third-Party Administrator. 0000001346 00000 n +1 201-835-4872 NEWARK, N.J., May 18, 2020 - Prudential Financial, Inc. (NYSE: PRU) launched FlexGuard today, the company's first indexed variable annuity product, designed to provide customers with downside protection and the opportunity to grow and accelerate the performance of their retirement assets into the future. 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. Prudential Financial has jumped into the fastest-growing segment of the beleaguered annuity marketthe $17.4 billion market for structured variable annuities-by issuing its first registered index-lined annuity contract, called FlexGuard.. Clients seeking information regarding their particular investment needs should contact a financial professional. For additional important information about the products, services and companies that make them available, please click here Opens in a new window.*. for the Prudential FlexGuard Income Index Linked Variable Income Benefit (the "Benefit") available with the Annuity. to grow your money in up markets by choosing from FlexGuards three index strategies. 528 36 0000061397 00000 n 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. 0000017237 00000 n 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. Allocations among variable investment options can happen at any time. .RIANavBar li { However, transfers among Variable Subaccounts may occur at any time. Not For Use with the Public. . 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. prudential flexguard rate sheet. 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 is no maximum amount of Index Credit with this strategy. Announces 2022 Results. At the time your clients purchase the contract, they may select a 5- or 7-year surrender charge period, which is the amount of time they must wait until they can withdraw funds from their annuity without facing a penalty charge. Early withdrawals may result in a loss in addition to applicable surrender charges. /*background-color: #07639d;*/ 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. June 4, 2022; By ; sterile processing technician jobs; prudential flexguard rate sheet . Prudentials A.M.Best rating is a A+ along with comdex score of 95. 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. 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. 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. FlexGuard - NY also offers variable investment options which can be mixed and matched in any percentage. Clients seeking information regarding their particular investment needs should contact a financial professional. 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. The solution is customizable and can be adjusted based on changing needs, giving consumers the opportunity to take control over their future. Use up and down arrow keys to navigate. %PDF-1.7 % 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. You will not receive a written financial plan or investment recommendations as part of the no cost consultation. Kristen Olsen The content on this page is for Financial Professional use only. 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. 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. Not all term and buffer options are available for each index crediting strategy. Fortitude Re and the Fortitude Re logo are service marks of Fortitude Group Holdings, LLC and its affiliates. 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. 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. 0000018563 00000 n Choose one or a combination of them. 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. 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. It includes death benefit protection with guaranteed duration options, multiple ways to grow cash values and the ability to accelerate death benefits in the event of a chronic or terminal illness if an additional rider has been added. 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. 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. The MSCI EAFE is designed to measure the performance of a selection of stocks in 21 developed markets outside of the U.S. and Canada. 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: . 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,. For additional important information about the products, services and companies that make them available, please click here Opens in a new window.*. 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. Marketing and training materials contained on these websites need to be approved by the Prudential Retirement Strategies Marketing Compliance Unit prior to use. 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. 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. The information is not intended as investment advice and is not a recommendation about managing or investing your retirement savings. Use up and down arrow keys to navigate. Also, its important to note that if they take a withdrawal or annuitize the contract, taxes will apply. 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. I hope you found this look informative and found value in your time. Aloha! NEWARK, N.J. -- (BUSINESS WIRE)-- Prudential Financial, Inc. ( NYSE: PRU ), launched FlexGuard today, the company's first indexed variable annuity product, designed . * FlexGuard index strategies help clients: FOR FINANCIAL PROFESSIONAL USE ONLY. .pru-module.pru-module-12 .pru-module-rich-text-editor {width: 100%;}, At least characters must be typed in the search field in order to perform the search. Asset allocation and rebalancing do not ensure a profit or guarantee against loss. 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. This is a hypothetical example for illustrative purposes only. position: absolute; FlexGuard - NY is issued byPruco Life Insurance Company. See current PruSecure rate sheet Call 833-813-2444 to register or Sign in PruSecure offers clients: Guaranteed Protection Their original premium payment and all growth are fully protected against market loss Growth Opportunity Their money can grow based on the performance of a market index or crediting strategy of their choice 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. The client'smoney is not actually invested in any index, but may earn interest credits based on the indexs performance. FlexGuard - NY and all product features are not approved for use in all states or through all broker-dealers. By using this website, you agree that you have read and agree to our Terms and Conditions. 1 References to FLIAC shall be deemed to be references to PALAC in the jurisdictions where the name change is not yet effective. border-bottom: 10px solid #ccc; Investors should carefully consider the features of the contract, index strategies, and the underlying portfolios' investment objectives, policies, management, risks, charges and expenses. Prudential is not responsible for any losses related to decisions whether or not to exercise a Performance Lock.