prudential flexguard rate sheet

0000011656 00000 n This website is for U.S. persons Opens in a new window only and may not be approved in all states. 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. 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. A positive or negative MVA may also apply. 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"). FlexGuard - NY is issued byPruco Life Insurance Company. All names, marks, and materials used for this review are the property of their respective owners. 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. June 4, 2022; By ; sterile processing technician jobs; prudential flexguard rate sheet . Fortitude Re is the marketing name for FGH Parent, L.P. and its subsidiaries, including FLIAC. 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%. MFS Value Series Service Class MFS International Growth Portfolio Service Class MFS Total Return Series Service Class MFS Total Return Bond Series Service Class PSF PGIM Government Money Market Portfolio Class III default Holding Account. .RIANavBar a { } } Comprehensive financial planning offered through the Stages channel is more limited in scope than comprehensive financial planning offered through the Prudential Advisors distribution channel. Pruco Life Insurance Company, an Arizona company - California COA # 3637. padding: 15px 0 15px 0; Caps, Precision Rates, and DPSCs for a 1-year term cannot be less than 1.50%. 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).. 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%. Fortitude Re has retained PICA as an unaffiliated Third-Party Administrator. Please use one of the browsers below or contact your IT department regarding approved options. +1 973-802-8969 Investment advisory products and services are made available through Pruco, a registered investment adviser. 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). 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. There is risk of loss of principal if negative index returns exceed the selected protection level. .RIANavActive a:before { It can be customized based on a client's retirement goals and adjusted as their needs change. For complete information about the annuity, please refer to the PruSecure Important Information Disclosure Statement PDF opens in a new window. Prudential FlexGuard Life is an innovative Indexed Variable Universal Life product that offers a flexible combination of protection, growth, and access to meet consumers' changing life insurance needs. With FlexGuard - NYs Cap Rate index strategy, clients receive any positive index growth up to an upper limit (called a cap). 0000046879 00000 n Variable Annuities and Variable Life Insurance are distributed by Prudential Annuities Distributors, Inc. (PAD), Shelton, CT (main office). In providing this information, neither Prudential nor any of its affiliates or financial professionals is acting as your ERISA fiduciary. Receive alerts on new stories, articles, and more by subscribing to one or more RSS Feeds. FlexGuard - NY offers them the opportunity to choose their buffer level as well as their term length. 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. The Prudential Insurance Company of America - California COA # 1179. It's up to you to determine if a fixed indexed annuity is suitable for your clients. position: absolute; Your clients should consult a tax advisor for more information. Targets are not available for strategies with a 100% buffer option or the Step Rate Plus Crediting Strategy. It is designed to provide customers with partial downside protection and the opportunity to grow and accelerate the performance of their assets into the future. Neither Prudential Financial, Inc. nor Assurance IQ offers, underwrites, or administers health plans or health insurance policies. FlexGuard - NY's Index Strategies do not represent a direct investment in an index. 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: 0; Growth opportunities with added ability to lock in performance. Please consult with your tax and legal advisors regarding your personal circumstances. If a Performance Lock is executed when thePerformance Lock Value has declined, clientswill lock in any loss. The participation rate is an upper limit percentage increase used to calculate the interest that will be credited for a specific index term(s). Copyright 2019-2023 Annuity Look 1-800-325-1833, Annuity Company Issuer Review: Prudential Financial. Lets get to it. 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. FlexGuard offers you the ability to allocate amongst the following Variable Investment options, in addition to the Index Strategies. The cap rate is the maximum amount of interest that can be credited during a specific index term. Otherwise, theIndex Credit is equal to the negative Index Return in excess of the Buffer. /*.RIANavBar ul, .RIANavBar li{ Please consult with your tax and legal advisors regarding your personal circumstances. 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. Inspired by the groundbreaking success of Prudentials signature FlexGuard Indexed Variable Annuity products, which have reached over $10 billion in total sales, FlexGuard Life is a next-generation solution designed to help meet todays evolving consumer needs. Each company (PICA, PLAZ, PLNJ, FLIAC, PAD) is solely responsible for its own financial condition and contractual obligations. .RIANavBar ul { 0000009387 00000 n 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. The solution is customizable and can be adjusted based on changing needs, giving consumers the opportunity to take control over their future. Since this investment is usually for the long term such as 10 years, it is important that the annuity company itself is financially sound. The guarantees in the annuity are back by the insurance company and not from a government agency. However each states Guaranty Association has a dollar amount, usually $100,000, that it will refund if an annuity carrier went bankrupt. Term: The number of years that the Shield Option is in effect. Please reference the prospectus for information about the levels of protection available and other important product information. S&P 500, MSCI EAFE, iSHARES RUSSELL 2000 ETF, and INVESCO QQQ ETF. Interest credited with the participation rate would be 30% of 3%, which is equal to 0.90%. for Prudential Investment Management Services, LLC. 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. The information is not intended as investment advice and is not a recommendation about managing or investing your retirement savings. Prudential is not responsible for any losses related to decisions whether or not to exercise a Performance Lock. 0000001036 00000 n Each issuing insurance company is solely responsible for its own financial condition and contractual obligations. 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. Annuities are issued by Pruco Life Insurance Company of New Jersey located in Newark, NJ (main office). Upon renewal or reallocation, your clients may continue with the same strategy and allocation, or choose from the other strategies and terms available at that time. If the index decreased by any amount at all,client loses nothing whether they chose the cap rateor participation rate, as they are protected by the floor. In addition to one-year index term options, PruSecure offers three- and ve-year index term options, which may offer more upside potential. and has been licensed to Pruco Life Insurance Company ("Licensee"). Actual cap rates and participation ratesmay be higher or lower. kristen.olsen@prudential.com, Marisa Amador ** The websites referenced above are not endorsed or supported by any of the Prudential Financial companies. Assurance IQ, LLC a wholly-owned subsidiary of Prudential Financial, Inc. ("Prudential") matches buyers with products such as life and health insurance and auto insurance, enabling them to make purchases online or through an agent.

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