There is risk of loss of principal if negative index returns exceed the selected protection level. It does not reect a specific annuity or an actual account value. NEWARK, N.J. - Prudential Financial, Inc. announced that its FlexGuard product has reached a $10 billion total sales milestone since its launch in 2020, making it the fastest-growing indexed variable annuity in the industry, according to data from the Secure Retirement Institute. NEWARK, N.J., June 15, 2021 - Prudential Financial Inc. ( NYSE: PRU ), today launched FlexGuard Income, a new indexed variable annuity that provides customers with investment strategies for growth potential, along with different levels of protection and the ability to help enhance income in retirement. Prudential Financial Fact Sheet. .RIANavActive a:after, Each subsidiary is responsible for its own financial condition and contractual obligations. Prudential Financial, Inc. Some of the products and services discussed on the Stages site are in development and may not be currently available. .RIANavBar li { It is a calculated value and is used when a withdrawal, death benefit payment, transfer, annuitization, or surrender occurs mid-term. Variable Annuities and Variable Life Insurance are distributed by Prudential Annuities Distributors, Inc. (PAD), Shelton, CT (main office). Other proprietary Fortitude Re marks may be designated as such through the use of the SM or symbols. The experience has also seen over 400 users click through to the FlexGuard Modeling Tool. Neither Prudential Financial, Inc. nor Assurance IQ issues, underwrites, or administers health plans or health insurance policies. A surrender charge, or Contingent Deferred Sales Charge (CDSC), may apply in the event of an early withdrawal from the annuity. Each index strategy determines how your money can grow and calculates the interest you can earn differently. <]/Prev 624911/XRefStm 1346>> 0000046767 00000 n content: ""; New & Different Solutions. If you would like information about your particular investment needs, please contact a financial professional. }*/ marisa.amador@prudential.com, Amid market volatility, Prudentials innovative investment strategy meets increased need for asset protection. It is possible to lose money by investing in securities. A variable annuity offers a unique combination of features, including market participation through a variety of investment options; tax-deferred growth opportunities; and optional protection benefits that can provide certain accumulation, income, and beneficiary guarantees for an additional cost. .RIANavBar a { You also have the opportunityto grow your money in up markets by choosing from FlexGuards three index strategies. Transfers from the Index Strategy(ies) to the Variable Subaccounts are not allowed at any time. 0000010202 00000 n Sales of fixed annuities increased to . 0000005769 00000 n 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. 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. startxref 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).. 0000009387 00000 n 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. FlexGuard Income is a retirement product that you and your financial professional can customize based on your unique needs. 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. 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 . 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. 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. It includes death benefit protection with guaranteed duration options, multiple ways to grow cash values and the ability to accelerate death benefits in the event of a chronic or terminal illness if an additional rider has been added. If they need more than the Free Withdrawal Amount or want to take a withdrawal in the first year, they can withdraw as much of the account value as they need, but keep in mind that surrender charges and a Market Value Adjustment (MVA) will apply. Lock in performance prior to the Index Strategy End Date by either setting an automaticPerformance Lock target, which will automatically lock in the Performance Lock Value as of close of business on the day the target is met, OR manually lock in the Performance Lock Value as of the current day's close of business. Please use one of the browsers below or contact your IT department regarding approved options. 0000011656 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. These advisors currently offer only insurance products issued by PICA and its affiliates (Prudential companies). Prudential Financial, its affiliates, and their financial professionals do not render tax or legal advice. Performance Locks are as of close of business on the day the automatic target was met or the manual lock in is requested. Your licensed financial professional can provide you with complete details. margin: 0; Topics Protection Income After a Performance Lock has occurred funds remain allocated to the index strategy, but the client no longer participates in the index performance, both positive or negative, for the remainder of the existing index strategy term. Step Rate Plus Index Strategy Underperform: Money in the xed rate strategy is guaranteed to grow at a predetermined interest rate for a period of one year. Each company (PICA, PLAZ, PLNJ, FLIAC, PAD) is solely responsible for its own financial condition and contractual obligations. 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. Prudential Financial, Inc. whos symbol of the Rock of Gibraltar, has been keeping its promises since 1875. 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 . Funds allocated to the index-based strategies have the potential to grow based on the performance of their chosen indices, comparing the value on the rst day to the value on the last day of their 1-, 3-, or 5-year. The cap rate is the maximum amount of interest that can be credited during a specific index term. Index-linked variable annuity products are complex insurance and investment vehicles. 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. 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. Copyright 2019-2023 Annuity Look 1-800-325-1833, Annuity Company Issuer Review: Prudential Financial. Prudential Financial, its affiliates, and their financial professionals do not render tax or legal advice. By using this website, you agree that you have read and agree to our Terms and Conditions. Prudential Retirement Insurance and Annuity Company - California COA # 08003. 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, Important Information Disclosure Statement, Check the background of this firm on FINRA's BrokerCheck. In 2017 Department of Labors fiduciary rule being struck down in federal court of Appeals has been especially helpful in the sales of indexed annuities. MEDIA CONTACTS Neither Prudential Financial, Inc. nor Assurance IQ issues, underwrites, or administers health plans or health insurance policies. The participation rate is an upper limit percentage increase used to calculate the interest that will be credited for a specific index term(s). The Prudential Life Insurance Company of America Newark, NJ. The more loss protection or buffer you select, the less upside gain from the index you will receive. Prudential FlexGuard is an indexed variable annuity designed for clients looking for a level of protection and innovative growth opportunities for their retirement savings. 528 36 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. Neither Bloomberg nor UBS guarantees the timeliness, accurateness, or completeness of any data or information relating to Bloomberg Commodity IndexSM. 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. If the Index Return is negative, but less than or equal to the Buffer, the Index Credit is zero. Please use one of the browsers below or contact your IT department regarding approved options. One such solution is Prudential's FlexGuard indexed variable annuity. The Insurance Charge is a combination of the Mortality & Expense Risk Charge and the Administration Charge. 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. Contact your wholesaler today and have our team of experts and resources work for you. 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. 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. "Prudential Advisors" is a brand name of The Prudential Insurance Company of America and its subsidiaries. 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. 0000001712 00000 n It's up to you to determine if a fixed indexed annuity is suitable for your clients. Not For Use with the Public. Marketing and training materials contained on these websites need to be approved by the Prudential Retirement Strategies Marketing Compliance Unit prior to use. display: block; All products and/or options may not be available in all states or with all broker/dealers. 0000024403 00000 n 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. You will not receive a written financial plan or investment recommendations as part of the no cost consultation. Prudential Financial Inc. (NYSE: PRU), today launched FlexGuard Income, a new indexed variable annuity that provides customers with investment strate The selections you choose together with your clients are all dependent on their investment goals and their risk tolerance. Prudential FlexGuard Indexed Variable Annuity Initial Summary Prospectus (Variable Prospectus) * Index Prospectus * Updating Summary Prospectus (Variable Prospectus) Variable Product Prospectus Prudential FlexGuard Income indexed Variable Annuity Initial Summary Prospectus (Variable Prospectus) * Index Prospectus * Index-linked variable universal life products are complex insurance and investment vehicles and are long-term investments designed to provide death benefit protection with cash value accumulation potential. You will not receive a written financial plan or investment recommendations as part of the no cost consultation. Fortitude Re and the Fortitude Re logo are service marks of Fortitude Group Holdings, LLC and its affiliates. It affords them access to cash values when needed, providing the unique opportunity to leave a legacy while also expanding access to living benefits. strategies called Tiered Participation Rate and Step Rate Plus, that can enable you to accelerate a portion of your growth potential in up markets, providing you with the possibility of earning even more. For more information, please visit news.prudential.com. padding: 15px 0 15px 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.
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