Compliance NumberTemplate: 1000797-00012-00. Because this a tax qualified annuity gains are tax deferred until income/money is taken out of the annuity. @media (max-width: 991px) { Neither Prudential Financial, Inc. nor Assurance IQ offers, underwrites, or administers health plans or health insurance policies. This link has sublinks - To access press Enter. There is risk of loss of principal if negative index returns exceed the selected protection level. 0000005920 00000 n You also have the opportunityto grow your money in up markets by choosing from FlexGuards three index strategies. For additional important information about the products, services and companies that make them available, please click here Opens in a new window.*. With FlexGuard - NYs Cap Rate index strategy, clients receive any positive index growth up to an upper limit (called a cap). 0000029765 00000 n 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. Investing in a variable annuity may be the answer for part of your overall retirement strategy. 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. Variable investment options are available but do not offer protection levels. Prudential Financial Fact Sheet. Sales of fixed annuities increased to . The Segment Rate of Return for a Choice Segment may be less than the Segment Rate of Return for a Standard Segment based on the same index, Segment Buffer and Segment Duration. only and may not be approved in all states. border-left: 10px solid transparent; These advisors currently offer only insurance products issued by PICA and its affiliates (Prudential companies). .RIANavActive a:after, Use up and down arrow keys to navigate. 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. Please refer to the product prospectus for fund investment strategies and fee information. Suggestions may appear below after you type 3 letters. This product will issue daily. }*/, Select a level of protection that mayhelp limit losses, Participate in the growth potential of the market, Enhance growth potential in up markets with oneunique crediting strategy, Plus, there are NO EXPLICIT PRODUCT FEES when allocating toFlexGuard - NYs index strategies.*. 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. CDs are FDIC-insured up to $250,000 per fi nancial institution, and there may be a penalty for early withdrawal. Other proprietary Fortitude Re marks may be designated as such through the use of the SM or symbols. 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. You will not receive a written financial plan or investment recommendations as part of the no cost consultation. Please consult with your tax and legal advisors regarding your personal circumstances. 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. . S&P 500 Index is a market capitalization-weighted index of the 500 widely held stocks often used as a proxy for the stock market. The floor is always 0%. Net loss attributable to Prudential Financial, Inc. of $558 million or $1.53 per Common share versus net income of $1.208 billion or $3.13 per share for the year-ago quarter. The S&P 500 Index is a product of S&P Dow Jones Indices LLC ("SPDJI"), and has been licensed for use by Pruco Life Insurance Company of New Jersey. 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. 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. 0000021753 00000 n 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.. 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. Securities products and services are offered through: Pruco Securities, LLC and Prudential Investment Management Services, LLC, both members SIPC and located in Newark, NJ, or Prudential Annuities Distributors, Inc., located in Shelton, CT. All are Prudential Financial companies. Interest credited with the participation rate would be 30% of the 20% increase, which equals 6%. When the client purchases FlexGuard - NY you will help them make choices, custom-building their annuity to meet their individual needs and goals. Access to policy cash values is through loans and withdrawals. * The 5-year index term can only be elected at contract issue and cannot be renewed. Caps for the 3-year term cannot be less than 5% and for a 6-year term cannot be less than 10%. .id-Z7_G802HJS0M0B280QQVMVG6OP8R2 .ibmPortalControl .module { References to FLIAC shall be deemed to be references to PALAC in the jurisdictions where the name change is not yet effective. across well-known indices. 0000001712 00000 n Some of the products and services discussed on the Stages site are in development and may not be currently available. 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. A leading gauge of the U.S. equities market the Standard & Poors 500 Index includes 500 of the largest companies on the New York Stock Exchange and NASDAQ. Partner with us, and well invest in you. 0000024573 00000 n By using this website, you agree that you have read and agree to our Terms and Conditions. Suggestions may appear below after you type 3 letters. The information is not intended as investment advice and is not a recommendation about managing or investing your retirement savings. 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. which may help limit loss in down markets, partially shielding your account in the case ofa negative index return. NEWARK, N.J., August 04, 2022--Prudential Financial, Inc. (NYSE: PRU) announced that its FlexGuard product has reached a $10 billion total sales milestone since its launch in 2020, making it the . 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. Any growth is based on the index return. It affords them access to cash values when needed, providing the unique opportunity to leave a legacy while also expanding access to living benefits. 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. FlexGuard - NY and all product features are not approved for use in all states or through all broker-dealers. I hope you found this look informative and found value in your time. Aloha! Not for Consumer Use. 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. FlexGuard offers you the ability to allocate amongst the following Variable Investment options, in addition to the Index Strategies. It's up to you to determine if a fixed indexed annuity is suitable for your clients. Available through certain broker/dealers and offers select index-based strategies and terms. 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. 0000013916 00000 n Furthermore, the underlying mutual fund fee is 0.83%. 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. The information is not intended as investment advice and is not a recommendation about managing or investing your retirement savings. 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. Your licensed financial professional can provide you with complete details. 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. border-bottom: 10px solid #ccc; In addition to one-year index term options, PruSecure offers three- and ve-year index term options, which may offer more upside potential. Please use one of the browsers below or contact your IT department regarding approved options. This is a hypothetical example for illustrative purposes only. The value of an Index Strategy at the end of any Valuation Day during an Index Strategy Term other than the Index Strategy Start Date and Index Strategy End Date. FlexGuard Life performs exactly in that way, prioritizing protection, growth and access..
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