Prudential LINK and LINK by Prudential occasionally may be referred to as LINK. 1-Year Term 3-Year Term 1-Year Term (Step Rate) 1-Year Term (Fixed Account) Get started today. Other proprietary Fortitude Re marks may be designated as such through the use of the SM or symbols. Investment advisory products and services of LINK by Prudential are made available through PCS, an SEC registered investment adviser. padding: 15px 0 15px 0; If youre considering this annuity and have additional questions, feel free contact us via oursecure contact form. As you help your clients plan for a more secure tomorrow, you'll want to work with a company you know and trust. 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 . These rates are set by Prudential Annuities and effective as of the date indicated above. 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. Comprehensive financial planning offered through the Stages channel is more limited in scope than comprehensive financial planning offered through the Prudential Advisors distribution channel. For complete product information, please reference the client brochure PDF opens in new window, rate sheet PDF opens in a new window, and product prospectus. Growth opportunities are provided by index strategies and variable investment options. Rates are subject to change at any time. With FlexGuard - NYs Cap Rate index strategy, clients receive any positive index growth up to an upper limit (called a cap). Annuities and Life Insurance are issued by Prudential Financial companies; The Prudential Insurance Company of America (PICA) or Pruco Life Insurance Company (PLAZ) (in New York, by Pruco Life Insurance Company of New Jersey (PLNJ)), all located in Newark, NJ (main office), or an unaffiliated third-party issuer: Fortitude Life Insurance & Annuity Company (FLIAC), located in Jersey City, NJ. The Contingent Deferred Sales Charge applies to each Purchase Payment and will be applied to amounts that exceed the Free Withdrawal Amount, Client(s) may withdraw up to 10% of all Purchase Payments still within CDSC without incurring a surrender charge. An allocation to the index options is not a purchase of shares of any stock or index fund or a direct . Partner with us, and well invest in you. Please consult with your tax and legal advisors regarding your personal circumstances. border-bottom: 10px solid #002247; Unfortunately, that didnt rule holding agent up to a higher standard, as a fiduciary, did not pass. 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. They are options held on the indexes at the annuity carriers investment department. Most indexes described above will NOT include the dividends which historically represent some returns in the case of the S&P 500 index. .RIANavActive a:after, * The 5-year index term can only be elected at contract issue and cannot be renewed. It can be customized based on a clients retirement goals and adjusted as their needs change. Prudential reserves the right to change rates at any time. ** The websites referenced above are not endorsed or supported by any of the Prudential Financial companies. 0000024473 00000 n Featured News Stories. Allianz Life Insurance Company was #1 in U.S. This is an independent product review, not a recommendation to buy or sell an annuity. Or download ourclient-approved brochure PDF opens in new window, product prospectus opens in new window and rate sheet PDF Opens in New Window to share with clients and help educate them about FlexGuard - NY. .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. border-bottom: 10px solid #ccc; 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. Variable investment options are offered with this product; however, are not included for illustration purposes and do not offer downside protection. Prudential and its affiliates are not liable for use of the Stages platform. Interest credited with the participation rate would be 30% of 3%, which is equal to 0.90%. Use up and down arrow keys to navigate. 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. 0000015975 00000 n 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. Variable Annuities and Variable Life Insurance are distributed by Prudential Annuities Distributors, Inc. (PAD), Shelton, CT (main office). 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. } First of the month following the 95th birthday of the oldest Owner/Annuitant, Annuity Payments for a Fixed Period Life Income Joint Life Income Life with Period Certain Joint Life with Period Certain. Both are Prudential Financial companies located in Newark, NJ. Some of the products and services discussed on the Stages site are in development and may not be currently available. Applicable to only Account Value allocated to the variable investment options (assessed daily as a percentage of the net assets of the variable investment options). to grow your money in up markets by choosing from FlexGuards three index strategies. 0000008198 00000 n 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. opens in new window. As a result, clientsmay receive less than the full Index Credit, or less than the full protection of the Buffer, thanthey would have received if they waited for us to apply the Index Credit on the Index Strategy End Date. PruSecure offers two different ways for your clients to potentially grow their money: an index-based strategy and a xed rate strategy. %%EOF The oldest international stock index, it is the most common benchmark in the U.S. for foreign stock funds. 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. /*.RIANavBar ul, .RIANavBar li{ Step Rate Plus Index Strategy Underperform: 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. Fortitude Re and the Fortitude Re logo are service marks of Fortitude Group Holdings, LLC and its affiliates. Fortitude Re has retained PICA as an unaffiliated Third-Party Administrator. +1 973-802-8969 Levels of downside protection are available on index-crediting strategies only. 0000024403 00000 n Prudential FlexGuard income indexed variable annuity . 0000001712 00000 n Change of Ownership terminates the Return of Purchase Payments death benefit. 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. list-style-type: none; Low-risk investments today offer little growth opportunity, while investing in the stock market can be risky. CURRENT RATES This rate sheet provides the Cap Rate, Step Rates, Participation Rates (Par Rates) and Tier Levels currently offered on the Prudential FlexGuard indexed variable annuity. Prudential Financial, Inc. whos symbol of the Rock of Gibraltar, has been keeping its promises since 1875. Our new website has recently launched with features that may not be fully supported by your current browser. Announces 2022 Results. 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. 528 36 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. 0000009917 00000 n FlexGuard - NY and all product features are not approved for use in all states or through all broker-dealers. Alternatively, clients may allocate 100% of their initial Purchase Payment to the Variable Subaccounts. Each subsidiary is responsible for its own financial condition and contractual obligations. 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. . 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. This link has sublinks - To access press Enter. Group Insurance coverages are issued by The Prudential Insurance Company of America, a Prudential Financial company, Newark, NJ. A variable annuity offers a unique combination of features, including market participation through a variety of investment options; tax-deferred growth opportunities; and optional protection benefits that can provide certain accumulation, income, and beneficiary guarantees for an additional cost. You will not receive a written financial plan or investment recommendations as part of the no cost consultation. The fund's sponsor has no legal obligation to provide financial support to the fund, and you should not expect that the sponsor will provide financial support to the fund at any time. Performance Locks are as of close of business on the day the automatic target was met or the manual lock in is requested. 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. Suggestions may appear below after you type 3 letters. Prudential FlexGuard Life and all product features are not approved for use in all states or through all broker-dealers. Today the Prudential fee amounts to 1.9% but a few years down the line you may be paying 2.6%! transform: translate(-50%, -50%) For more information about FlexGuard Life, visit: prudential.com/landing/indexed-variable-universal-life-insurance. @media (max-width: 991px) { 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. Bloomberg Commodity Index reflects changes in a broad range of commodity futures prices, from crude oil and coffee to gold and cattle. Prudential Financial, Inc.is an Fortune 500 and S&P 500 company whose subsidiaries provideinsurance,investment management, and other retirement financial products to bothretailandinstitutional customers. strategies called Tiered Participation Rate and Step Rate Plus, that can enable you to accelerate a portion of your growth potential in up markets, providing you with the possibility of earning even more. 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 Cap Rate is the maximum rate that may be credited to this strategy. Suggestions may appear below after you type 3 letters. 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. 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. 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. 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. +1 201-835-4872 0000005806 00000 n Allocations among variable investment options can happen at any time. Prudential FlexGuard Indexed Variable Annuity Initial Summary Prospectus (Variable Prospectus) * Index Prospectus * Updating Summary Prospectus (Variable Prospectus) Variable Product Prospectus Prudential FlexGuard Income indexed Variable Annuity Initial Summary Prospectus (Variable Prospectus) * Index Prospectus * At least characters must be typed in the search field in order to perform the search, PruSecure Fixed Indexed Annuity At-A-Glance. What Will We Cover in this Annuity Review? Each company (PICA, PLAZ, PLNJ, FLIAC, PAD) is solely responsible for its own financial condition and contractual obligations. It is generally more profitable to Prudential if you purchase insurance products that are issued by a Prudential company than a non-Prudential company. 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. Prudential FlexGuard commissionable annuity (B-shares) have a 6 year surrender charge starting at 7% charge in the first year and second year following with a 1% reduction every year after that. Are you a licensed financial professional? Not for Consumer Use. This indexed variable annuity, also called an Registered Indexed Linked annuity, RILA, Buffer annuity, will likely be presented on three ideas: 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. Contact your wholesaler today and have our team of experts and resources work for you. 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. Variable annuities are distributed by Prudential Annuities Distributors, Inc., Shelton, CT. 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 clients or prospective clients. It offers you lifetime income with levels of protection and growth potentialbefore and after you start income. This website is for U.S. persons only and may not be approved in all states. Your clients should consult a tax advisor for more information. Investing in Prudential FlexGuard or FlexGuard Income's index strategies does not represent a direct investment in an index. Each subsidiary is responsible for its own financial condition and contractual obligations. Our Certified Financial Planner professional (CFP) will answer your questions FREE within 24 hours. If the index increased by 3%, an amount that is less than the cap rate of 4%, the credited interest would be 3%. In part by charging 0.95% per year on and limiting the income payout rate at age 65 to 4% of the PIV for single owners and 3.5% for joint owners. For additional important information about the products, services and companies that make them available, please click here Opens in a new window.*. For additional important information about the products, services and companies that make them available, please click here Opens in a new window.*. 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 . Marketing and training materials contained on these websites need to be approved by the Prudential Retirement Strategies Marketing Compliance Unit prior to use. Investors like you doing research on annuities to combat the above concerns are finding it more difficult with all the different types of annuities like hybrid annuities, equity-linked annuities, buffer annuities, fixed index annuities (FIA), and variable annuities. The best selling retirement annuity of 2021 is the registered index-linked annuity (RILA), the $17.4 billion market for structured variable annuities also sometimes referred to as a variable indexed annuity, structured variable annuity, buffer annuity, or a structured annuity is essentially a blend of the best part of a variable annuity and limited downside protection of a fixed indexed annuity (FIA).. Because this a tax qualified annuity gains are tax deferred until income/money is taken out of the annuity. In providing this information, neither Prudential nor any of its affiliates or financial professionals is acting as your ERISA fiduciary. CDs are FDIC-insured up to $250,000 per fi nancial institution, and there may be a penalty for early withdrawal. 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. Gains or losses are assessed at the end of each term. Created Exclusively for Use by Financial Professionals. It can be customized based on a client's retirement goals and adjusted as their needs change. 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 . Neither Prudential Financial, Inc. nor Assurance IQ offers, underwrites, or administers health plans or health insurance policies. Sales of fixed annuities increased to . Not available in New York. Prudential Retirement Insurance and Annuity Company - California COA # 08003. 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%. 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. 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. position: absolute; 0000061397 00000 n 0000008048 00000 n Fortitude Re is the marketing name for FGH Parent, L.P. and its subsidiaries, including FLIAC. With the help of the buffer, your risk of loss could be lessened. Prudential Financial was founded by soon to be US senator John Dryden in 1875 with its one product of burial insurance. If the Index Return is negative, but less than or equal to the Buffer, the Index Credit is zero. One crediting strategy point to point makes it easier for you to explain and clients to understand. Contact your wholesaler today and have our team of experts and resources work for you. which may help limit loss in down markets, partially shielding your account in the case ofa negative index return. If you qualify, please, A retirement strategy as individual as you are. Clients have worked hard for their money and want to protect and grow it for the future. 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. 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. It is possible that clientswould have realized less of a loss or no loss if the Performance Lock occurred at a later time, or if the Index Strategy was not locked.Clientswill not receive Index Credit on any locked Index Strategy on the Index Strategy End Date. "Prudential Advisors" is a brand name of The Prudential Insurance Company of America and its subsidiaries. If the Index Return is positive, but less than the Cap Rate, the Index Credit is equal to theIndex Return. 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. All guarantees, including any optional benefits, are subject to the claims-paying ability and financial strength of the issuing insurance company. bottom: -20px "Prudential Advisors" is a brand name of The Prudential Insurance Company of America and its subsidiaries. Unique to Prudential, FlexGuard's Tiered Participation Rate index strategy oers clients 100% of the positive index growth up to the tier level, and then the opportunity to accelerate their growth by capturing a percentage MORE than 100% of the index growth above that level. 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.