Some of the products and services discussed on the Stages site are in development and may not be currently available. Bloomberg Commodity IndexSM: "Bloomberg" and "Bloomberg Commodity IndexSM" are service marks of Bloomberg Finance L.P. and its affiliates (collectively, "Bloomberg") and have been licensed for use for certain purposes by Pruco Life Insurance Company. 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. Annuities | Prudential startxref Clients seeking information regarding their particular investment needs should contact a financial professional. Investing in Prudential FlexGuard or FlexGuard Income's index strategies does not represent a direct investment in an index. Fortitude Re and the Fortitude Re logo are service marks of Fortitude Group Holdings, LLC and its affiliates. 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. This is an independent product review, not a recommendation to buy or sell an annuity. Renewal Cap Rates and Participation Rates may be higher or lower than the initial rates, but will never be less than the Guaranteed Minimum Rates. Portfolio Allocation The pie chart illustrates how investment . FLIAC is in the process of changing its name from Prudential Annuities Life Assurance Corporation (PALAC) in certain jurisdictions. border-right: 10px solid transparent; Variable Annuities and Variable Life Insurance are distributed by Prudential Annuities Distributors, Inc. (PAD), Shelton, CT (main office). Each company (PICA, PLAZ, PLNJ, FLIAC, PAD) is solely responsible for its own financial condition and contractual obligations. By using this website, you agree that you have read and agree to our Terms and Conditions. The Cap Rate is the maximum rate that may be credited to this strategy. Copyright 2019-2023 Annuity Look 1-800-325-1833, Annuity Company Issuer Review: Prudential Financial. "Prudential Advisors" is a brand name of The Prudential Insurance Company of America and its subsidiaries. .RIANavActive a:after { For more information about FlexGuard Life, visit: prudential.com/landing/indexed-variable-universal-life-insurance. * The 5-year index term can only be elected at contract issue and cannot be renewed. .id-Z7_G802HJS0M0B280QQVMVG6OP8R2 .ibmPortalControl .module { FlexGuard indexed variable annuity | Prudential Financial 0000011656 00000 n Kristen Olsen 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. If the index increased by 20% which is greater than the cap rate of 4% the interest credited would be 4%. Prudential and its affiliates are not liable for use of the Stages platform. Partner with us, and well invest in you. Prudential will not provide advice or notify clients regarding whether theyshould exercise a Performance Lock or the optimal time for doing so. Prudential Financial, its affiliates, and their financial professionals do not render tax or legal advice. Please refer to the current rate sheet and prospectus for more information. } Individual Fixed Index Annuity Sales from 2016 to 2019 and they finished in the #2 spot in 2020.. Allianz was founded in 1896 and based in Minneapolis, Minnesota, Allianz Life Insurance Company of North America is a leading provider of retirement and protection solutions, including life insurance, and fixed, variable, and fixed index annuities for . 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. 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. 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. Please consult with your tax and legal advisors regarding your personal circumstances. Variable investment options are offered with this product; however, are not included for illustration purposes and do not offer downside protection. As of September 2021, the FlexGuard Challenge has received 3,274 unique visitors and 19,116 total page views and has resulted in over 9,350 unique leads. A Stable Value Fund First Quarter 2022 Fund Fact Sheet - Page 3 qualified professional. You will not receive a written financial plan or investment recommendations as part of the no cost consultation. The information is not intended as investment advice and is not a recommendation about managing or investing your retirement savings. Our Certified Financial Planner professional (CFP) will answer your questions FREE within 24 hours. August 04, 2022 Prudential FlexGuard reaches $10B total sales milestone at record pace Refer to the prospectus for additional information. based on your individual retirement needs and change themes those needs evolve. Use up and down arrow keys to navigate. Each subsidiary is responsible for its own financial condition and contractual obligations. 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. FlexGuard offers you the ability to allocate amongst the following Variable Investment options, in addition to the Index Strategies. 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. Furthermore, the underlying mutual fund fee is 0.83%. Prudential FlexGuard income indexed variable annuity DOWNLOAD Slides 3-6 show how investing in an uncertain market or relying on fixed income has taken its toll. 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. 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 Advisors" is a brand name of The Prudential Insurance Company of America and its subsidiaries. FlexGuard Challenge, Prudential - Alex Odell Fortitude Re is the marketing name for FGH Parent, L.P. and its subsidiaries, including FLIAC. 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. Automatic Performance Lock targets must reflect positive growth in the Performance Lock Value. 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 sales totaled $1.6 billion in the first quarter, representing 84% of total annuity sales, up from $1.2 billion in the fourth quarter of 2020, he said. Prudential Financial Fact Sheet. FlexGuard Life performs exactly in that way, prioritizing protection, growth and access.. . The Performance Lock Value, which is different than the Interim Value, is adjusted for any withdrawals or reallocations that occur prior to the Index Strategy End Date. 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. 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. Upon renewal or reallocation at the end of a term, your clients may continue with the same strategy and allocation, or choose from any strategies and terms available at that time. Investing in securities involves risk, and there is always the potential of losing money. Bloomberg or Bloomberg's licensors, own all proprietary rights in the Bloomberg Indices. * "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. FlexGuard indexed variable annuity - NY | Prudential Financial The client'smoney is not actually invested in any index, but may earn interest credits based on the indexs performance. For Compliance Use Only: 1003626-00008-00. 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. If the index increased by 3%, an amount that is less than the cap rate of 4%, the credited interest would be 3%. For additional important information about the products, services and companies that make them available, please click here Opens in a new window.*. 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 36 /*background-color: #07639d;*/ Group Insurance coverages are issued by The Prudential Insurance Company of America, a Prudential Financial company, Newark, NJ. Please use one of the browsers below or contact your IT department regarding approved options. FlexGuard Challenge - Dual Directional - Ceros 0000005806 00000 n 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. 0000008198 00000 n 0000046767 00000 n display: block; One of the advantages of PruSecure is that there are no annual contract or administrative fees. to grow your money in up markets by choosing from FlexGuards three index strategies. Created Exclusively for Use by Financial Professionals. 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. 0000019833 00000 n 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. 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. 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. margin: 20px 0; border-left: 10px solid transparent; "Prudential Advisors" is a brand name of The Prudential Insurance Company of America and its subsidiaries.
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