Other proprietary Fortitude Re marks may be designated as such through the use of the SM or symbols. .RIANavBar a { 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. If the index increased by 20% which is greater than the cap rate of 4% the interest credited would be 4%. It is generally more profitable to Prudential if you purchase insurance products that are issued by a Prudential company than a non-Prudential company. Prudential will not provide advice or notify clients regarding whether theyshould exercise a Performance Lock or the optimal time for doing so. Partner with us, and well invest in you. Call an annuity specialist at 888-311-4889 (option 2) to learn more. This is an independent product review, not a recommendation to buy or sell an annuity. This is an independent review for you to see the pros and cons of this particular annuity. Portfolio Allocation The pie chart illustrates how investment . 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. 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. The annuity carrier has not endorsed this review in any way nor do we receive any compensation for this review. Choose one or a combination of them. Unique to Prudential, FlexGuard's 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 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. Standard & Poor's and S&P are registered trademarks of Standard & Poor's Financial Services LLC, a division of S&P Global ("S&P"); Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC ("Dow Jones"). ** The websites referenced above are not endorsed or supported by any of the Prudential Financial companies. +1 973-802-8969
* FlexGuard index strategies help clients: FOR FINANCIAL PROFESSIONAL USE ONLY. New & Different Solutions. The Interim Value does not apply to an Index Strategy on the Index Strategy Start Date and the Index Strategy End Date. Prudential Financial names its next Emerging Visionaries For the second year, 25 exceptional young leaders are honored for their work addressing the challenges of a changing world. 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. border-right: 10px solid transparent; 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 . Prudential Defined Income Variable Annuity Product Specifics: Minimum age for initial purchase: 45 Maximum age for initial purchase: 85 Minimum initial purchase payment: $25,000 Prudential stated fee: 1.9% True all in fee: 2.73-3.43% Website: www.annuities.prudential.com/investor Prudential Defined Income Variable Annuity Fees: There may typically be upper limits known as cap rates and participation rates, on the amount of potential interest credited in a given period, as well as a floor that offers downside protection. Dow Jones U.S. Real Estate Index is designed to track the performance of Real Estate Investment trusts (REIT) and other companies that invest directly or indirectly in real estate through development, management, or ownership, including property agencies. 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. See current PruSecure Select rate sheetPDF opens in a new window, Index-Based Strategy with Point-to-Point Crediting with Cap Rate. Investment advisory products and services are made available through Pruco, a registered investment adviser. Clients seeking information regarding their particular investment needs should contact a financial professional. 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).. This website is for U.S. persons only and may not be approved in all states. margin: 0; 0000018563 00000 n
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These advisors currently offer only insurance products issued by PICA and its affiliates (Prudential companies). Each subsidiary is responsible for its own financial condition and contractual obligations. See current FlexGuard - NY rates NY disclosure Benefits Features Tools Investing in a variable annuity may be the answer for part of your overall retirement strategy. You should consider the investment objectives, risks, and charges and expenses carefully before investing in the contract and/or underlying portfolios. .RIANavActive a:after { 0000024573 00000 n
Compliance NumberTemplate: 1000797-00012-00. Please consult with your tax and legal advisors regarding your personal circumstances. 0000017237 00000 n
Variable Annuities and Variable Life Insurance are distributed by Prudential Annuities Distributors, Inc. (PAD), Shelton, CT (main office). Inspired by the groundbreaking success of Prudentials signature FlexGuard Indexed Variable Annuity products, which have reached over $10 billion in total sales, FlexGuard Life is a next-generation solution designed to help meet todays evolving consumer needs. Surrender charges/fees and periods for this annuity are the typical of most commissionable annuities. If you qualify, please, A retirement strategy as individual as you are. 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. This product will issue daily. Use our income modeling tool Current Index Strategy Rates and Caps Current Income Percentages and Deferral Rates CT disclosure Refer to the prospectus for additional information. Prudential, also known as "The Rock," has been in business for nearly 140 years. 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. 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%. Featured News Stories. 0000024473 00000 n
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. 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. 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. 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. marisa.amador@prudential.com, Amid market volatility, Prudentials innovative investment strategy meets increased need for asset protection. 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. .RIANavBar li { 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. 0000061397 00000 n
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Unique to Prudential, FlexGuard's Tiered Participation Rate index strategy oers 100% of the positive index growth up to the tier level, and then the opportunity to accelerate your growth by capturing a percentage MORE than 100% of the index growth above that level. across well-known indices. For more information, please visit news.prudential.com. In a rising interest rate environment, increases in caps if any, may be substantially slower than increases in interest rates. +1 201-835-4872
Unfortunately, that didnt rule holding agent up to a higher standard, as a fiduciary, did not pass. Investing in Prudential FlexGuard or FlexGuard Income's index strategies does not represent a direct investment in an index. 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. Prudential and its affiliates are not liable for use of the Stages platform. Caps for the 3-year term cannot be less than 5% and for a 6-year term cannot be less than 10%. 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. It affords them access to cash values when needed, providing the unique opportunity to leave a legacy while also expanding access to living benefits. In providing this information, neither Prudential nor any of its affiliates or financial professionals is acting as your ERISA fiduciary. It is generally more profitable to Prudential if you purchase insurance products that are issued by a Prudential company than a non-Prudential company.