Available through Registered Investment Advisors; offers similar features and options as the PruSecure Fixed Indexed Annuity. 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. It can be customized based on a clients retirement goals and adjusted as their needs change. See current FlexGuard - NY rates NY disclosure Benefits Features Tools You will not receive a written financial plan or investment recommendations as part of the no cost consultation. Allocations among variable investment options can happen at any time. 0000019833 00000 n 0000005742 00000 n You also have the opportunityto grow your money in up markets by choosing from FlexGuards three index strategies. Neither Prudential Financial, Inc. nor Assurance IQ issues, underwrites, or administers health plans or health insurance policies. Fortitude Re and the Fortitude Re logo are service marks of Fortitude Group Holdings, LLC and its affiliates. Renewal rates may be different than those listed below. 0000024403 00000 n transform: translate(-50%, -50%) +1 973-802-8969 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. 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. "Prudential Advisors" is a brand name of The Prudential Insurance Company of America and its subsidiaries. Financial advisors through the Stages channel offer a no cost consultation and provide an overview of your financial life with proposed solutions for you to consider. Prudential Annuities does not provide investment advice. It offers you lifetime income with levels of protection and growth potentialbefore and after you start income. .RIANavActive a:before { Mix and match indices, crediting strategies, and index term options to create a customized strategy that helps meet your clients needs. 0000010749 00000 n Investing in a variable annuity may be the answer for part of your overall retirement strategy. 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 providing this information, neither Prudential nor any of its affiliates or financial professionals is acting as your ERISA fiduciary. 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 . If a Performance Lock is executed when thePerformance Lock Value has declined, clientswill lock in any loss. Not For Use with the Public. For additional important information about the products, services and companies that make them available, please click here Opens in a new window.*. Furthermore, the underlying mutual fund fee is 0.83%. Asset allocation and rebalancing do not ensure a profit or guarantee against loss. 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. Featured News Stories. FlexGuard - NY offers an innovative index crediting strategyunique to Prudential, with access to variable investment options. It's up to you to determine if a fixed indexed annuity is suitable for your clients. 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 . Prudentials diverse and talented employees help make lives better by creating financial opportunity for more people by expanding access to investing, insurance, and retirement security. The Disclosure Statement contains a more detailed description of the limited relationship MSCI has with Pruco Life Insurance Company and any related annuity contracts. Fee-Only planners have access to Advisory or I- share fee advised structured annuities, They usually have zero surrender charges, instant liquidity, and higher index rates. These planners charge annual fees to manage the indexes around 1.00% per year of assets in the annuity. Still, a better option as these fee-only RILA annuities have higher upside cap rates than the commissionable traditional RILA/ buffer annuities. Check out, for available fee-only buffer annuities. 5 years: 9%, 9%, 8%, 7%, 6% (California: 8.25%, 8%, 7.75%, 7%, 6%) 7 years: 9%, 9%, 8%, 7%, 6%, 5%, 4% (California: 8.25%, 8%, 7.75%, 7%, 6%, 5%, 4%) Rates will vary based on the surrender charge period chosen. 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. Use up and down arrow keys to navigate. Salene Hitchcock-Gear President of Individual Life Insurance, Prudential (Photo: Business Wire). .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. only and may not be approved in all states. margin: 0; One of the most valuable aspects of FlexGuard is its potential to cushion your account against loss. With FlexGuards index strategies, you can select a level of protection, called a buffer. 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. Unpaid loans and withdrawals reduce cash values and death benefits; and may have tax consequences. across well-known indices. The Interim Value is the value of an Index Strategy on any Valuation Day during an Index Strategy Term. Portfolio Allocation The pie chart illustrates how investment . Launched in May 2020, it features index strategies with buffers that can help limit market losses while providing investors the opportunity for asset growth. 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. The information is not intended as investment advice and is not a recommendation about managing or investing your retirement savings. .RIANavBar a { 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).. For Compliance Use Only: 1003626-00008-00. Neither Prudential Financial, Inc. nor Assurance IQ offers, underwrites, or administers health plans or health insurance policies. 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. Prudential Financial, its affiliates, and their financial professionals do not render tax or legal advice. Change of Ownership terminates the Return of Purchase Payments death benefit. 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. If youre considering this annuity and have additional questions, feel free contact us via oursecure contact form. Also, its important to note that if they take a withdrawal or annuitize the contract, taxes will apply. 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. Life insurance policies contain exclusions, limitations, reductions of benefits, and terms for keeping them in force. Access to policy cash values is through loans and withdrawals. Prudential and its affiliates are not liable for use of the Stages platform. 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. and S&P 500 company whose subsidiaries provide, , and other retirement financial products to both. FLIAC is in the process of changing its name from Prudential Annuities Life Assurance Corporation (PALAC) in certain jurisdictions. 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. The product prospectus contains a more detailed description of the limited relationship MSCI has with Pruco Life Insurance Companyof New Jersey and any related annuity contracts. FlexGuard Income is initially available through Prudential Advisors financial professionals and will expand to additional, third-party broker dealers in fall 2021. This product will issue daily. 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. One crediting strategy point to point makes it easier for you to explain and clients to understand.