A surrender charge, or Contingent Deferred Sales Charge (CDSC), may apply in the event of an early withdrawal from the annuity. Neither Bloomberg nor UBS guarantees the timeliness, accurateness, or completeness of any data or information relating to Bloomberg Commodity IndexSM. 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. Our new website has recently launched with features that may not be fully supported by your current browser. Comprehensive financial planning offered through the Stages channel is more limited in scope than comprehensive financial planning offered through the Prudential Advisors distribution channel. Sales of fixed annuities increased to . Certain indicesassociated with Index Strategies may be subject to an underlying fee or reduction. The Prudential Life Insurance Company of America Newark, NJ. If the index increased by 3%, an amount that is less than the cap rate of 4%, the credited interest would be 3%. Automatic Performance Lock targets must reflect positive growth in the Performance Lock Value. If the Index Return is positive and equal to or greater than the Cap Rate, then the Index Credit is equal tothe Cap Rate. . 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. .RIANavActive a:after, References to FLIAC shall be deemed to be references to PALAC in the jurisdictions where the name change is not yet effective. If the index increased by 20% which is greater than the cap rate of 4% the interest credited would be 4%. 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. Each subsidiary is responsible for its own financial condition and contractual obligations. There is risk of loss of principal if negative index returns exceed the selected protection level. 0000046767 00000 n
Unpaid loans and withdrawals reduce cash values and death benefits; and may have tax consequences. FlexGuard - NY offers them the opportunity to choose their buffer level as well as their term length. Compliance NumberTemplate: 1000797-00012-00, At least characters must be typed in the search field in order to perform the search. Allianz Life Insurance Company was #1 in U.S. Bloomberg Commodity Index reflects changes in a broad range of commodity futures prices, from crude oil and coffee to gold and cattle. Assurance IQ, LLC a wholly-owned subsidiary of Prudential Financial, Inc. matches buyers with products such as life and health insurance and auto insurance, enabling them to make purchases online or through an agent. PruSecure offers two different ways for your clients to potentially grow their money: an index-based strategy and a xed rate strategy. The information is not intended as investment advice and is not a recommendation about managing or investing your retirement savings. -webkit-transform: translate(-50%, -50%); For more information, please visit news.prudential.com. If they make a full withdrawal of the annuity, they will receive the greater of the account value (minus any surrender charges and adjusted by any applicable MVA) and the Minimum Guaranteed Surrender Value. The contract, announced this week, has been issued as a B-share variable annuity (with a six-year surrender period with a 7% withdrawal penalty in the . Our Certified Financial Planner professional (CFP) will answer your questions FREE within 24 hours. Clients seeking information regarding their particular investment needs should contact a financial professional. 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. If the Index Return is greater than or equal tothe declared Tier Level, the Index Credit is the sum of the Tier Level Index Return multiplied by theParticipation Rate for the 1st tier and the remaining Index Return multiplied by the Participation Rate forthe 2nd tier. 0000005769 00000 n
"Prudential Advisors" is a brand name of The Prudential Insurance Company of America and its subsidiaries. Prudential Financial Inc. 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. As our customers needs continue to evolve, were working to provide them with new ways to achieve financial security, including offerings that help to diversify their cash values and realize more benefits from their policies, says Salene Hitchcock-Gear, president of Individual Life Insurance at Prudential. The cap rate is the maximum amount of interest that can be credited during a specific index term. This link has sublinks - To access press Enter. This website is for U.S. persons Opens in a new window only and may not be approved in all states. Variable investment options are available but do not offer protection levels. which may help limit loss in down markets, partially shielding your account in the case ofa negative index return. FlexGuard also enables you to diversify where you put your money by allocating. 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. FlexGuard - NY is issued by Pruco Life Insurance Company. Bloomberg is not affiliated with Pruco Life Insurance Company nor approves, endorses, reviews or recommends PruSecure. margin: auto; FLIAC is in the process of changing its name from Prudential Annuities Life Assurance Corporation (PALAC) in certain jurisdictions. position: absolute; It is possible to lose money by investing in securities. Neither Prudential Financial, Inc. nor Assurance IQ offers, underwrites, or administers health plans or health insurance policies. Term: The number of years that the Shield Option is in effect. See current PruSecure Select rate sheetPDF opens in a new window, Index-Based Strategy with Point-to-Point Crediting with Cap Rate. These rates are set by Prudential Annuities and effective as of the date indicated above. One of the most valuable aspects of FlexGuard is its potential to cushion your account against loss. With FlexGuards index strategies, you can select a level of protection, called a buffer. By using this website, you agree that you have read and agree to our Terms and Conditions. For Compliance Use Only: 1003626-00008-00. You should read the prospectuses carefully before investing. 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: . Caps, Precision Rates, and DPSCs for a 1-year term cannot be less than 1.50%. startxref
Group Insurance coverages are issued by The Prudential Insurance Company of America, a Prudential Financial company, Newark, NJ. 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. Clients seeking information regarding their particular investment needs should contact a financial professional. Some of the products and services discussed on the Stages site are in development and may not be currently available. References to FLIAC shall be deemed to be references to PALAC in the jurisdictions where the name change is not yet effective. Levels of downside protection are available on index-crediting strategies only. Some of the products and services discussed on the Stages site are in development and may not be currently available. Prudential Financial Fact Sheet. /*.RIANavBar ul, .RIANavBar li{ Bloomberg or Bloomberg's licensors, own all proprietary rights in the Bloomberg Indices. 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. 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. padding: 0; It is generally more profitable to Prudential if you purchase insurance products that are issued by a Prudential company than a non-Prudential company. Are you a licensed financial professional? If the Index Return is positive, but less than the Cap Rate, the Index Credit is equal to theIndex Return. It is a calculated value and is used when a withdrawal, death benefit payment, transfer, annuitization, or surrender occurs mid-term. When the client purchases FlexGuard - NY you will help them make choices, custom-building their annuity to meet their individual needs and goals. margin: 20px 0; The floor is always 0%. All references to income certainty and guarantees, including optional benefits, are backed by the claims-paying ability of the issuing company and do not apply to the underlying investment options. You also have the opportunityto grow your money in up markets by choosing from FlexGuards three index strategies. 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. 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. 0000021753 00000 n
Partner with us, and well invest in you. }*/ Investment advisory products and services are made available through Pruco, a registered investment adviser. 0000001537 00000 n
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 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.