prudential flexguard rate sheet

0000029765 00000 n 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6 years: 7%, 7%, 6%, 5%, 4%, 3%; based on the effective date of each Purchase Payment and the percentage of the amount withdrawn from the Purchase Payment, above the free withdrawal amount.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 issuing insurance company is solely responsible for its own financial condition and contractual obligations. Neither Prudential Financial, Inc. nor Assurance IQ issues, underwrites, or administers health plans or health insurance policies. There is risk of loss of principal if negative index returns exceed the selected protection level. Each company (PICA, PLAZ, PLNJ, FLIAC, PAD) is solely responsible for its own financial condition and contractual obligations. Neither Prudential Financial, Inc. nor Assurance IQ issues, underwrites, or administers health plans or health insurance policies. Statement of Financial Condition for Prudential Investment Management Services, LLC. The commission-based version launches today, with a fee-based version of FlexGuard . August 04, 2022 Prudential FlexGuard reaches $10B total sales milestone at record pace only and may not be approved in all states. Copywriter: Susanne Bassmann Gains or losses are assessed at the end of each index. bottom: -20px The Insurance Charge is a combination of the Mortality & Expense Risk Charge and the Administration Charge. Our new website has recently launched with features that may not be fully supported by your current browser. The applicable Income Percentage and Income Deferral Rate is based on the attained age of the Protected Life (or younger of the Joint Protected Lives) on the Index Effective Date, according to the tables below: . Receive alerts on new stories, articles, and more by subscribing to one or more RSS Feeds. A surrender charge, or Contingent Deferred Sales Charge (CDSC), may apply in the event of an early withdrawal from the annuity. Surrender charges/fees and periods for this annuity are the typical of most commissionable annuities. The Initial Term (s) begin on the Issue Date. Prudential and its affiliates are not liable for use of the Stages platform. 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. Renewal rates may be different than those listed below. } 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. Clients seeking information regarding their particular investment needs should contact a financial professional. Refer to the prospectus for additional information. Investing in Prudential FlexGuard or FlexGuard Income's index strategies does not represent a direct investment in an index. The Performance Lock Value, which is different than the Interim Value, is adjusted for any withdrawals or reallocations that occur prior to the Index Strategy End Date. 0000024403 00000 n A floor offers 100% downside protection in the event of a market loss. We have also seen a high click-through to the FlexGuard Rate Sheet. Year 1: No free withdrawals allowed in the first contract year, unless taken as a Required Minimum Distribution (RMD) that Prudential calculates. Caps, Precision Rates, and DPSCs for a 1-year term cannot be less than 1.50%. If youre considering this annuity and have additional questions, feel free contact us via oursecure contact form. If the Index Return is negative, but less than or equal to the Buffer, the Index Credit is zero. Rates, buffers, and floors can also be different for each index option. This link has sublinks - To access press Enter. This website is for U.S. persons Opens in a new window only and may not be approved in all states. 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. 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. On an Index Strategy Start Date, the Index Strategy Base applicable to that Index Strategy would be used instead of the Interim Value. 0000013916 00000 n Neither Bloomberg nor UBS guarantees the timeliness, accurateness, or completeness of any data or information relating to Bloomberg Commodity IndexSM. Interest credited with the participation rate would be 30% of 3%, which is equal to 0.90%. 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. In providing this information, neither Prudential nor any of its affiliates or financial professionals is acting as your ERISA fiduciary. 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. 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. 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 . FlexGuard - NY offers them the opportunity to choose their buffer level as well as their term length. 0000005920 00000 n 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. When the client purchases FlexGuard - NY you will help them make choices, custom-building their annuity to meet their individual needs and goals. FLIAC is in the process of changing its name from Prudential Annuities Life Assurance Corporation (PALAC) in certain jurisdictions. For more information about the product, including the other index crediting strategies, please refer to the client brochures, fact cards, and product prospectuses. 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. 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. You will not receive a written financial plan or investment recommendations as part of the no cost consultation. But that can create a dilemma. ABOUT PRUDENTIAL INDIVIDUAL LIFE INSURANCE Not For Use with the Public. Index-linked variable annuity products are complex insurance and investment vehicles. 0 In a rising interest rate environment, increases in caps if any, may be substantially slower than increases in interest rates. 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). %PDF-1.7 % Term: The number of years that the Shield Option is in effect. Please use one of the browsers below or contact your IT department regarding approved options. } Inspired by the groundbreaking success of Prudential's signature FlexGuard Indexed Variable Annuity products, which have reached over $10 billion in total sales, FlexGuard Life is a. Please refer to the current rate sheet and prospectus for more information. . Actual cap rates and participation ratesmay be higher or lower. 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. 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. .RIANavActive a { Most annuities will have a 5 year, 7 year, 10 year, and 14 year surrender variation to choose from. Taking the longer surrender period will most likely give you a larger cap on indexes and a larger fixed rate option for index crediting. Typically annuities allow you to withdraw 10% of your accumulation value after the first year without surrender fees. However if you are under age 59 and a half, you are subject to a 10% IRS tax penalty as well as income taxes applied to the withdrawal. * The 5-year index term can only be elected at contract issue and cannot be renewed. 528 0 obj <> endobj 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. Before purchasing any investment product be sure to do your own due diligence and consult a properly licensed professional, preferably a certified financial planner practitioner,should you have specific questions as they relate to your individual circumstances. display: block; FlexGuard - NY offers an innovative index crediting strategyunique to Prudential, with access to variable investment options. I hope you found this look informative and found value in your time. Aloha! 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. Today the Prudential fee amounts to 1.9% but a few years down the line you may be paying 2.6%! Fortitude Re is the marketing name for FGH Parent, L.P. and its subsidiaries, including FLIAC. 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. 0000011656 00000 n The information is not intended as investment advice and is not a recommendation about managing or investing your retirement savings. Prudentials iconic Rock symbol has stood for strength, stability, expertise, and innovation for more than a century. Clients have worked hard for their money and want to protect and grow it for the future. 0000046767 00000 n The more loss protection or buffer you select, the less upside gain from the index you will receive. A fixed indexed annuity (FIA) is a tax-deferred financial tool designed for the long term. The floor is always 0%. Comprehensive financial planning offered through the Stages channel is more limited in scope than comprehensive financial planning offered through the Prudential Advisors distribution channel. Bloomberg is not affiliated with Pruco Life Insurance Company nor approves, endorses, reviews or recommends PruSecure. FlexGuard - NY also offers variable investment options which can be mixed and matched in any percentage. 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.