Variable Annuities and Variable Life Insurance are distributed by Prudential Annuities Distributors, Inc. (PAD), Shelton, CT (main office). Use up and down arrow keys to navigate. These advisors currently offer only insurance products issued by PICA and its affiliates (Prudential companies). 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. 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 . Pruco Life Insurance Companyof New Jersey's Product(s) is not sponsored, endorsed, sold or promoted by SPDJI, Dow Jones, S&P, their respective affiliates, and none of such parties make any representation regarding the advisability of investing in such product(s) nor do they have any liability for any errors, omissions, or interruptions of the S&P 500 Index. The client'smoney is not actually invested in any index, but may earn interest credits based on the indexs performance. only and may not be approved in all states. Fortitude Re is the marketing name for FGH Parent, L.P. and its subsidiaries, including FLIAC. A fixed indexed annuity (FIA) is a tax-deferred financial tool designed for the long term. * FlexGuard index strategies help clients: FOR FINANCIAL PROFESSIONAL USE ONLY. Comprehensive financial planning offered through the Stages channel is more limited in scope than comprehensive financial planning offered through the Prudential Advisors distribution channel. 0000001036 00000 n
The participation rate is an upper limit percentage increase used to calculate the interest that will be credited for a specific index term(s). All guarantees, including any optional benefits, are subject to the claims-paying ability and financial strength of the issuing insurance company. 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. For more information, please visit news.prudential.com. Unique to Prudential, FlexGuard - NYs 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. 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. 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. Rates are subject to change at any time. xref
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. 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. It includes death benefit protection with guaranteed duration options, multiple ways to grow cash values and the ability to accelerate death benefits in the event of a chronic or terminal illness if an additional rider has been added. 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. Available through certain broker/dealers and offers select index-based strategies and terms. } It does not reect a specific annuity or an actual account value. Bloomberg does not guarantee the timeliness, accurateness or completeness of any data or information relating to the Bloomberg U.S. Intermediate Credit Index, and shall not be liable in any way to or Pruco Life Insurance Company investors in or owners of PruSecure or other third parties in respect of the use or accuracy of the Bloomberg U.S. Intermediate Credit Index or any data included therein. Each index strategy determines how your money can grow and calculates the interest you can earn differently. Variable investment options are offered with this product; however, are not included for illustration purposes and do not offer downside protection. 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. Other proprietary Fortitude Re marks may be designated as such through the use of the SM or symbols. One such solution is Prudential's FlexGuard indexed variable annuity. Standard & Poor's and S&P are registered trademarks of Standard & Poor's Financial Services LLC, a division of S&P Global ("S&P"); Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC ("Dow Jones"). 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. Life insurance policies contain exclusions, limitations, reductions of benefits, and terms for keeping them in force. Marketing and training materials contained on these websites need to be approved by the Prudential Retirement Strategies Marketing Compliance Unit prior to use. Any allocations to the Index Strategies must occur on an Index Anniversary. Please consult with your tax and legal advisors regarding your personal circumstances. .RIANavBar a { Prudential Financial, Inc. 0000000016 00000 n
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. "Prudential Advisors" is a brand name of The Prudential Insurance Company of America and its subsidiaries. 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. 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. Prudential Financial, Inc. announced that its FlexGuard product has reached a $10 billion total sales milestone since its launch in 2020, making it the fastest-growing indexed variable annuity in . References to FLIAC shall be deemed to be references to PALAC in the jurisdictions where the name change is not yet effective. S&P 500, MSCI EAFE, iSHARES RUSSELL 2000 ETF, and INVESCO QQQ ETF. Participation Rates cannot be less than 100%. This link has sublinks - To access press Enter. Clients should read the prospectuses carefully before investing. } 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. FlexGuard - NY and all product features are not approved for use in all states or through all broker-dealers. The Performance Value will not fluctuate for the remainder of the existing index strategy term unless there is a withdrawal or reallocation. which may help limit loss in down markets, partially shielding your account in the case ofa negative index return. In providing this information, neither Prudential nor any of its affiliates or financial professionals is acting as your ERISA fiduciary. 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. Please refer to the product prospectus for fund investment strategies and fee information. Investment advisory products and services are made available through Pruco, a registered investment adviser. 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. FLIAC is in the process of changing its name from Prudential Annuities Life Assurance Corporation (PALAC) in certain jurisdictions. Prudential FlexGuard income indexed variable annuity . The Interim Value does not apply to an Index Strategy on the Index Strategy Start Date and the Index Strategy End Date. Investing in Prudential FlexGuard or FlexGuard Income's index strategies does not represent a direct investment in an index. Today, Prudential is one of the most recognized and one of the world's largest financial services institutions.. Tier Levels may be higher or lower than the initial Tier Level, but will never be higher than the Guaranteed Maximum Tier Level. Performance Locks are as of close of business on the day the automatic target was met or the manual lock in is requested. Targets are not available for strategies with a 100% buffer option or the Step Rate Plus Crediting Strategy. Please consult with your tax and legal advisors regarding your personal circumstances. Growth opportunities are provided by index strategies and variable investment options. 0000011656 00000 n
This is an independent review for you to see the pros and cons of this particular annuity. Servicing the retirement income planning market has grown in popularity as baby boomers and retirees search for options to protect against market volatility and secure lifetime income. 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' money is not actually invested in any index, but may earn interest based on the indexs performance: In this example, the cap rate is 4%, and the participation rate is 30%. Index-linked variable annuity products are complex insurance and investment vehicles. "Prudential Advisors" is a brand name of The Prudential Insurance Company of America and its subsidiaries. Unpaid loans and withdrawals reduce cash values and death benefits; may reduce the duration of the guarantee against lapse, which may lapse the policy; and may have tax consequences. Think of it as a second layer of protection., Table below will update as the competition changes. Currently, there are some great choices for retirement annuities. To request a side by side, click on the compare button below, and our Certified Financial Planner will be happy to answer any question you might have (Click Here).. Our Certified Financial Planner professional (CFP) will answer your questions FREE within 24 hours. 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. Annuities are one of the few strategies that can accomplish both secured growth and guaranteed income. 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. This website is for U.S. persons Opens in a new window only and may not be approved in all states. 0000019833 00000 n
opens in new window. Prudential, also known as "The Rock," has been in business for nearly 140 years. Insurance and/or annuities are issued by The Prudential Insurance Company of America, Pruco Life Insurance Company (except in NY and/or NJ), Pruco Life Insurance Company of New Jersey (in NY and/or NJ), and Prudential Annuities Life Assurance Corporation (PALAC). 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 buffer will vary by the selected strategy, term length, andindex elected. 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. Use our income modeling tool Current Index Strategy Rates and Caps Current Income Percentages and Deferral Rates CT disclosure