Group Insurance coverages are issued by The Prudential Insurance Company of America, a Prudential Financial company, Newark, NJ. If the Index Return is negative, but less than or equal to the Buffer, the Index Credit is zero. B-Share 6 years: 7%, 7%, 6%, 5%, 4%, 3%; based on the effective date of each Purchase Payment and the percentage of the amount withdrawn from the Purchase Payment, above the free withdrawal amount. Each company (PICA, PLAZ, PLNJ, FLIAC, PAD) is solely responsible for its own financial condition and contractual obligations. Some of the products and services discussed on the Stages site are in development and may not be currently available. You will not receive a written financial plan or investment recommendations as part of the no cost consultation. Prudential reserves the right to change rates at any time. 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. Asset allocation and rebalancing do not ensure a profit or guarantee against loss. 0000001036 00000 n . The information is not intended as investment advice and is not a recommendation about managing or investing your retirement savings. 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. The Interim Value for each Index Strategy plus the total value of any allocations in the Variable Investment Subaccounts (including the Holding Account) and the Transfer Account on any Valuation Day other than the Index Strategy Start Date and Index Strategy End Date. 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. Each is a Prudential Financial company located in Newark, NJ (main office), except for PALAC which is located in Shelton, CT (main office), and each is solely responsible for its own financial condition and contractual obligations. ** The websites referenced above are not endorsed or supported by any of the Prudential Financial companies. August 04, 2022 Prudential FlexGuard reaches $10B total sales milestone at record pace 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. The Performance Lock feature is an optional featureavailable on FlexGuard - NY that allows clients to lock in gains or limit the potential for a loss prior to the Index Strategy End Date. This is an independent product review, not a recommendation to buy or sell an annuity. Not available in New York. Each company (PICA, PLAZ, PLNJ, FLIAC, PAD) is solely responsible for its own financial condition and contractual obligations. One of the advantages of PruSecure is that there are no annual contract or administrative fees. 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. Please use one of the browsers below or contact your IT department regarding approved options. 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. 0000046767 00000 n Available through Registered Investment Advisors; offers similar features and options as the PruSecure Fixed Indexed Annuity. After Year 1: Client(s) may withdraw up to 10% of the account value each year (based on the previous contract anniversary, after all index/interest credits are applied) without surrender charges or MVA. Prudential Financial, its affiliates, and their financial professionals do not render tax or legal advice. The Initial Term (s) begin on the Issue Date. * The 5-year index term can only be elected at contract issue and cannot be renewed. Prudential Financial, its affiliates, and their financial professionals do not render tax or legal advice. Index lossesthat exceed the buffer will result in a loss of Account Value. It affords them access to cash values when needed, providing the unique opportunity to leave a legacy while also expanding access to living benefits. 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 . 0000009917 00000 n +1 201-835-4872 Growth opportunities are provided by index strategies and variable investment options. . Available Buffers, which may vary by Index Strategy, are 10%, 15%, and 20%. Your clients should consult a tax advisor for more information. If you qualify, please, A retirement strategy as individual as you are. It offers you lifetime income with levels of protection and growth potentialbefore and after you start income. .RIANavActive a:before { 0000011656 00000 n 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. These rates are set by Prudential Annuities and effective as of the date indicated above. 0000014746 00000 n 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. Each subsidiary is responsible for its own financial condition and contractual obligations. By using this website, you agree that you have read and agree to our Terms and Conditions. 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. 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. 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). If the Index Return is positive, but less than the Cap Rate, the Index Credit is equal to theIndex Return. Prudential FlexGuard Income indexed variable annuity: current rates Effective Date: 12/15/2022 This new business rate sheet provides the Cap Rates, Step Rates, Participation Rates and Tier Levels as set by Prudential effective as of the date above. Rates are subject to change at any time. 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. 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. Neither Bloomberg nor UBS Securities LLC and its affiliates (collectively, "UBS") are affiliated with Pruco Life Insurance Company, and Bloomberg and UBS do not approve, endorse, review, or recommend PruSecure. only and may not be approved in all states. 1-Year Term 3-Year Term 1-Year Term (Step Rate) 1-Year Term (Fixed Account) Get started today. Prudential Financial, Inc. ( NYSE: PRU ), a global financial services leader and premier active global investment manager with more than $1.4 trillion in assets under management as of June 30,. If the index increased by 20% which is greater than the cap rate of 4% the interest credited would be 4%. Launched in May 2020, it features index strategies with buffers that can help limit market losses while providing investors the opportunity for asset growth. The more loss protection or buffer you select, the less upside gain from the index you will receive. Variable investment options are offered with this product; however, are not included for illustration purposes and do not offer downside protection. Investment advisory products and services are made available through Pruco, a registered investment adviser. 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. Pruco Life Prudential FlexGuard Indexed VA. Prudential came to the structured annuity market in early 2020, 10 years after the birth of this category. S&P 500, MSCI EAFE, iSHARES RUSSELL 2000 ETF, and INVESCO QQQ ETF. Partner with us, and well invest in you. The Insurance Charge is a combination of the Mortality & Expense Risk Charge and the Administration Charge. 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. 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. With the help of the buffer, your risk of loss could be lessened. 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. Fortitude Re is the marketing name for FGH Parent, L.P. and its subsidiaries, including FLIAC. FLIAC is in the process of changing its name from Prudential Annuities Life Assurance Corporation (PALAC) in certain jurisdictions. 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. "Prudential Advisors" is a brand name of The Prudential Insurance Company of America and its subsidiaries. padding: 15px 0 15px 0; You will not receive a written financial plan or investment recommendations as part of the no cost consultation. Compliance NumberTemplate: 1000797-00012-00. Pruco Life Insurance Company, an Arizona company - California COA # 3637. It is generally more profitable to Prudential if you purchase insurance products that are issued by a Prudential company than a non-Prudential company. 563 0 obj <>stream Prudentials A.M.Best rating is a A+ along with comdex score of 95. By using this website, you agree that you have read and agree to our Terms and Conditions. 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. 0000061397 00000 n FlexGuard's index strategies allow customers to select strategies providing the potential to accelerate gains above and beyond the index return when certain targets are met. Variable Annuities and Variable Life Insurance are distributed by Prudential Annuities Distributors, Inc. (PAD), Shelton, CT (main office). Prudential Retirement Insurance and Annuity Company - California COA # 08003. Please use one of the browsers below or contact your IT department regarding approved options. On an Index Strategy Start Date, the Index Strategy Base applicable to that Index Strategy would be used instead of the Interim Value. This material 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.