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. 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. In this annuity review we will be going over annuity details regarding the Prudential Flex Guard Structed Variable annuity. If you would like information about your particular investment needs, please contact a financial professional. Variable investment options are offered with this product; however, are not included for illustration purposes and do not offer downside protection. 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. Please use one of the browsers below or contact your IT department regarding approved options. FlexGuard Life offers buffered index strategies with potential for strong cash value accumulation, while also providing levels of downside protection during periods of market volatility. Receiving benefits under the terms of an accelerated death benefit rider for chronic or terminal illness will reduce and may eliminate the death benefit. 0000024403 00000 n ** The websites referenced above are not endorsed or supported by any of the Prudential Financial companies. Contact your wholesaler today and have our team of experts and resources work for you. . Neither Prudential Financial, Inc. nor Assurance IQ issues, underwrites, or administers health plans or health insurance policies. height: 100%; NEWARK, N.J., November 14, 2022 - Prudential Financial, Inc., has launched Prudential FlexGuard Life, an innovative Indexed Variable Universal Life product that offers a flexible combination of protection, growth, and access to meet consumers changing life insurance needs. For more information, please visit news.prudential.com. Available through Registered Investment Advisors; offers similar features and options as the PruSecure Fixed Indexed Annuity. "Prudential Advisors" is a brand name of The Prudential Insurance Company of America and its subsidiaries. Prudential Financial, Inc. FlexGuard - NY and all its features may not be approved in allbroker-dealers. Suggestions may appear below after you type 3 letters. only and may not be approved in all states. kristen.olsen@prudential.com, Marisa Amador 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 . Step Rate Plus Index Strategy Underperform: 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. Variable Annuities and Variable Life Insurance are distributed by Prudential Annuities Distributors, Inc. (PAD), Shelton, CT (main office). "Prudential Advisors" is a brand name of The Prudential Insurance Company of America and its subsidiaries. Clients seeking information regarding their particular investment needs should contact a financial professional. 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. Investing in securities involves risk, and there is always the potential of losing money. Investing in Prudential FlexGuard or FlexGuard Income's index strategies does not represent a direct investment in an index. 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. There are limitations and restrictions when making withdrawals. How life can change 'in a split second' A Prudential employee shares her story to help others realize the importance of life insurance. 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. FLIAC is in the process of changing its name from Prudential Annuities Life Assurance Corporation (PALAC) in certain jurisdictions. For example, if a RILA or buffer annuity has selected the optional 20% S&P 500 index protection against a market loss over one year period, an investors account would lose only 8% of its value if the market dropped by 28% in that given year because of the buffer annuity protects the first 20% loss from the market. Dow Jones U.S. Real Estate Index is designed to track the performance of Real Estate Investment Trusts (REITs) and other companies that invest directly or indirectly in real estate through development, management, or ownership, including property agencies. A copy of the prospectuses may be obtained from prudential.com or your financial professional. 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. <]/Prev 624911/XRefStm 1346>> 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. Each company (PICA, PLAZ, PLNJ, FLIAC, PAD) is solely responsible for its own financial condition and contractual obligations. Kristen Olsen Tier Levels may be higher or lower than the initial Tier Level, but will never be higher than the Guaranteed Maximum Tier Level. based on your individual retirement needs and change themes those needs evolve. Compliance NumberTemplate: 1000797-00012-00, At least characters must be typed in the search field in order to perform the search. This is an independent product review, not a recommendation to buy or sell an annuity. }*/, 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.*. FlexGuard - NY and all product features are not approved for use in all states or through all broker-dealers. 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. 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. Prudential FlexGuard IVUL is the second (after Equitable MSO, which has been in market largely unchanged since 2010) of what will inevitably become a new category in the life insurance market, Variable UL products with subaccounts that offer structured payoffs - in this case, buffered strategies. S&P 500, MSCI EAFE, iSHARES RUSSELL 2000 ETF, and INVESCO QQQ ETF. It's up to you to determine if a fixed indexed annuity is suitable for your clients. Suggestions may appear below after you type 3 letters. padding: 0; Prudentials A.M.Best rating is a A+ along with comdex score of 95. .id-Z7_G802HJS0M0B280QQVMVG6OP8R2 .ibmPortalControl .module { Prudential LINK and LINK by Prudential occasionally may be referred to as LINK. Prudential Financial, its affiliates, and their financial professionals do not render tax or legal advice. 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. 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. MSCI EAFE Index: The annuity contract referred to herein is not sponsored, promoted or endorsed by MSCI, and MSCI bears no liability with respect to any such annuity contract or any index referred to by any such annuity contract. Unlike standard death benefits that provide only the greater of premiums paid or current account value, if your client passes away during their index term, their beneficiaries will also receive a portion of any index growth up to that point. .pru-module.pru-module-12 .pru-module-rich-text-editor {width: 100%;}, See product specifications for more information on funds and fees associated PDF opens in new window. 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. 528 0 obj <> endobj The initial summary prospectus for the contract, the prospectus for the index strategies, and the prospectus or summary prospectus for the underlying portfolios (collectively, the prospectuses) contain this information as well as other important information. 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. It is a calculated value and is used when a withdrawal, death benefit payment, transfer, annuitization, or surrender occurs mid-term. 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. Portfolio Allocation The pie chart illustrates how investment . 0000014746 00000 n Investment advisory products and services are made available through Pruco, a registered investment adviser. The annuity carrier has not endorsed this review in any way nor do we receive any compensation for this review. and has been licensed to Pruco Life Insurance Company ("Licensee"). .RIANavBar a { The solution is customizable and can be adjusted based on changing needs, giving consumers the opportunity to take control over their future. "Prudential Advisors" is a brand name of The Prudential Insurance Company of America and its subsidiaries. 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. PruSecure is issued byPruco Life Insurance Company and oers clients these distinct advantages when compared with other fixed indexed annuities: For over 145years, Prudential's Rock symbol has been an icon for nancial strength and stability. Variable investment options are available but do not offer protection levels. margin: auto; Also, its important to note that if they take a withdrawal or annuitize the contract, taxes will apply. Some of the products and services discussed on the Stages site are in development and may not be currently available. 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. Investing in a variable annuity may be the answer for part of your overall retirement strategy. Surrender charges/fees and periods for this annuity are the typical of most commissionable annuities. Each subsidiary is responsible for its own financial condition and contractual obligations. 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. This zero fee hedging strategy is only available within an annuity wrapper which is why I recommended it and own a similar product with Lincoln Financial myself. Some of the products and services discussed on the Stages site are in development and may not be currently available. 0000061397 00000 n .RIANavActive a:after, 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. Investing in FlexGuard Lifes Index Strategies does not represent a direct investment in an index. .RIANavBar ul { Withdrawals taken during the surrender charge period, excluding any Required Minimum Distributions (RMDs), will be subject to any applicable surrender charges and a Market Value Adjustment (MVA). 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. Deduction of the annual product fee of 1.25%, withdrawal charge, $50 contract maintenance charge (on contracts with less than $100,000 contract value), 0.70% Income Benefit rider fee, and, if . For complete information about the annuity, please refer to the PruSecure Important Information Disclosure Statement PDF opens in a new window. 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. If the client chooses to defer their Index Effective Date, the allocations for the Index Strategies will be placed in the Transfer Account and will automatically be transferred to the Index Strategies, if within the Transfer Account Period. } Marketing and training materials contained on these websites need to be approved by the Prudential Retirement Strategies Marketing Compliance Unit prior to use. 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). 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 . An investment in the PSF PGIM Government Money Market Portfolio is neither insured nor guaranteed by the Federal Deposit Insurance Corporation or any other government agency. With the help of the buffer, your risk of loss could be lessened. Bloomberg Commodity IndexSM: "Bloomberg" and "Bloomberg Commodity IndexSM" are service marks of Bloomberg Finance L.P. and its affiliates (collectively, "Bloomberg") and have been licensed for use for certain purposes by Pruco Life Insurance Company. 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. Transfers from the Index Strategy(ies) to the Variable Subaccounts are not allowed at any time. If the Index Return is between zero and the declared Tier Level, then the Index Credit is equal to the IndexReturn multiplied by the Participation Rate for the 1st tier. } 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. 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. The information is not intended as investment advice and is not a recommendation about managing or investing your retirement savings. All guarantees, including any optional benefits, are subject to the claims-paying ability and financial strength of the issuing insurance company. Variable annuities are distributed by Prudential Annuities Distributors, Inc., Shelton, CT. Retirement products and services are provided by Prudential Retirement Insurance and Annuity Company, Hartford, CT, or its affiliates . 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. Certain indicesassociated with Index Strategies may be subject to an underlying fee or reduction. 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. 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 . Your licensed financial professional can provide you with complete details. . Clients seeking information regarding their particular investment needs should contact a financial professional. Investors should carefully consider the features of the contract, index strategies, and the underlying portfolios' investment objectives, policies, management, risks, charges and expenses. Prudential will not warn clientsif theyexercise a Performance Lock at a sub-optimal time. Gains or losses are assessed at the end of each term. left: 50%; Please refer to the product prospectus for fund investment strategies and fee information. FlexGuard - NY is issued by Pruco Life Insurance Company. 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. This website is for U.S. persons Opens in a new window only and may not be approved in all states. Lets get to it. *The 5-year index term can only be elected at contract issue and cannot be renewed. The floor is always 0%. 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. hb``f``b`e`~bl,+00e@L. trailer Comprehensive financial planning offered through the Stages channel is more limited in scope than comprehensive financial planning offered through the Prudential Advisors distribution channel. 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. 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. MSCI EAFE (Europe, Australasia, Far East) is a widely accepted benchmark for international stock performance. Contact your wholesaler today and have our team of experts and resources work for you. 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.