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Sales of fixed annuities increased to . A fixed indexed annuity (FIA) is a tax-deferred financial tool designed for the long term. for the Prudential FlexGuard Income Index Linked Variable Income Benefit (the "Benefit") available with the Annuity. Prudential Financial, its affiliates, and their financial professionals do not render tax or legal advice. 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. The more loss protection or buffer you select, the less upside gain from the index you will receive. 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. 0000019833 00000 n
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. Interest credited with the participation rate would be 30% of 3%, which is equal to 0.90%. 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. 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 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. Please refer to the current rate sheet and prospectus for more 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. 528 0 obj
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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. Bloomberg is not affiliated with Pruco Life Insurance Company nor approves, endorses, reviews or recommends PruSecure. Although the Portfolio seeks to preserve the value of your investment at $10.00 per share, it is possible to lose money by investing in the Portfolio. *The 5-year index term can only be elected at contract issue and cannot be renewed. Group Insurance coverages are issued by The Prudential Insurance Company of America, a Prudential Financial company, Newark, NJ. Not available in New York. The information is not intended as investment advice and is not a recommendation about managing or investing your retirement savings. Fortitude Re and the Fortitude Re logo are service marks of Fortitude Group Holdings, LLC and its affiliates. 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. padding: 15px 0 15px 0; If the index increased by 3%, an amount that is less than the cap rate of 4%, the credited interest would be 3%. left: 50%; 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. 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. The client will choose on the application if they wish to (1) allocate to the Index Strategies immediately, (2) defer their allocation for 45 days from the application signed date to accommodate multiple transfers and exchanges or (3) elect to defer their allocation to a specified date. One such solution is Prudential's FlexGuard indexed variable annuity. This link has sublinks - To access press Enter. All guarantees, including any optional benefits, are subject to the claims-paying ability and financial strength of the issuing insurance company. MSCI EAFE (Europe, Australasia, Far East) is a widely accepted benchmark for international stock performance. Prudential Financial, Inc. whos symbol of the Rock of Gibraltar, has been keeping its promises since 1875. Suggestions may appear below after you type 3 letters. 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 . 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. border-right: 10px solid transparent; We have also seen a high click-through to the FlexGuard Rate Sheet. 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. Please consult with your tax and legal advisors regarding your personal circumstances. Each subsidiary is responsible for its own financial condition and contractual obligations. Partner with us, and well invest in you. * The 5-year index term can only be elected at contract issue and cannot be renewed. In providing this information, neither Prudential nor any of its affiliates or financial professionals is acting as your ERISA fiduciary. Before purchasing any investment product be sure to do your own due diligence and consult a properly licensed professional, preferably a certified financial planner practitioner,should you have specific questions as they relate to your individual circumstances. Available through certain broker/dealers and offers select index-based strategies and terms. Allianz Life Insurance Company was #1 in U.S. border-left: 10px solid transparent; You should consider the investment objectives, risks, and charges and expenses carefully before investing in the contract and/or underlying portfolios. 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. 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. 0000009917 00000 n
It is generally more profitable to Prudential if you purchase insurance products that are issued by a Prudential company than a non-Prudential company. FlexGuard - NY also offers variable investment options which can be mixed and matched in any percentage. Receive alerts on new stories, articles, and more by subscribing to one or more RSS Feeds. The Interim Value does not apply to an Index Strategy on the Index Strategy Start Date and the Index Strategy End Date. 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. 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. .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. Slide 7 establishes how rethinking your approach to asset allocation may be smart. "Prudential Advisors" is a brand name of The Prudential Insurance Company of America and its subsidiaries. Prudential Financial Inc. (NYSE: PRU), today launched FlexGuard Income, a new indexed variable annuity that provides customers with investment strate 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. The information is not intended as investment advice and is not a recommendation about managing or investing your retirement savings. This material 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. 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. It can be customized based on a clients retirement goals and adjusted as their needs change. . 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. 0000009414 00000 n
Investment advisory products and services are made available through Pruco, a registered investment adviser. The Cap Rate is the maximum rate that may be credited to this strategy. It offers a level of protection for your clients money against loss with the opportunity for it to grow based on the performance of a specific market index, or combination of indices. 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. Investment advisory products and services are made available through Pruco, a registered investment adviser. The content on this page is for Financial Professional use only. } Typically, the longer the surrender charge period, the higher the fixed rates and index-based cap rates and participation rates. Not for Consumer Use. The solution is customizable and can be adjusted based on changing needs, giving consumers the opportunity to take control over their future. 0000029765 00000 n
See current PruSecure Advisor rate sheetPDF opens in a new window, Surrender Charge Options Rates will vary based on the surrender charge option chosen, 5 years: 2%, 2%, 2%, 2%, 2% 7 years: 2%, 2%, 2%, 2%, 2%, 2%, 2%. Fortitude Re has retained PICA as an unaffiliated Third-Party Administrator. Prudential Financial, its affiliates, and their financial professionals do not render tax or legal advice. Lock in performance prior to the Index Strategy End Date by either setting an automaticPerformance Lock target, which will automatically lock in the Performance Lock Value as of close of business on the day the target is met, OR manually lock in the Performance Lock Value as of the current day's close of business. In 2017 Department of Labors fiduciary rule being struck down in federal court of Appeals has been especially helpful in the sales of indexed annuities. Suggestions may appear below after you type 3 letters. The Prudential FlexGuard indexed variable annuity to which this disclosure applies (the "Product") has been developed solely by . Group Insurance coverages are issued by The Prudential Insurance Company of America, a Prudential Financial company, Newark, NJ. 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 . 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: . .RIANavBar a { Please use one of the browsers below or contact your IT department regarding approved options. Because this a tax qualified annuity gains are tax deferred until income/money is taken out of the annuity. Please refer to the current rate sheet. 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. list-style-type: none; Investment advisory products and services are made available through Pruco, a registered investment adviser. A copy of the prospectuses may be obtained from prudential.com or your financial professional. When the time comes for your clients to use the benefits that are offered by an annuity, it is important to remember that all guarantees including the optional benefits are backed by the claims-paying ability of the issuing company. Prudential Financial, its affiliates, and their financial professionals do not render tax or legal advice. Some of the products and services discussed on the Stages site are in development and may not be currently available. 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. which may help limit loss in down markets, partially shielding your account in the case ofa negative index return. 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,. bottom: -18px For more information, please visit news.prudential.com. Portfolio Allocation The pie chart illustrates how investment . It is a free float-adjusted market capitalization index that is designed to measure the equity market performance of 21 developed markets, excluding the U.S. and Canada. Performance Locks are as of close of business on the day the automatic target was met or the manual lock in is requested. Neither Bloomberg nor UBS Securities LLC and its affiliates (collectively, "UBS") are affiliated with Pruco Life Insurance Company, and Bloomberg and UBS do not approve, endorse, review, or recommend PruSecure. Prudential charges 1.1% annually plus 0.8% for its Defined Income Benefit (but reserves the right to increase this fee to 1.5%). Annuities are issued by Pruco Life Insurance Company of New Jersey located in Newark, NJ (main office). For Compliance Use Only: 1003626-00008-00. Asset allocation and rebalancing do not ensure a profit or guarantee against loss. Each issuing insurance company is solely responsible for its own financial condition and contractual obligations.