Salene Hitchcock-Gear President of Individual Life Insurance, Prudential (Photo: Business Wire). 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: } Gains or losses are assessed at the end of each index. 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6 years: 7%, 7%, 6%, 5%, 4%, 3%; based on the effective date of each Purchase Payment and the percentage of the amount withdrawn from the Purchase Payment, above the free withdrawal amount. What Will We Cover in this Annuity Review? Started in 2010 with one company, these hybrid annuities do offer is a limited loss to an investor between 10% and 20% of the markets decline during a specified period usually a year period. 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). For complete information about the annuity, please refer to the PruSecure Important Information Disclosure Statement PDF opens in a new window. 0000030460 00000 n 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. 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. 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. } Deduction of the annual product fee of 1.25%, withdrawal charge, $50 contract maintenance charge (on contracts with less than $100,000 contract value), 0.70% Income Benefit rider fee, and, if . Prudential Financial has jumped into the fastest-growing segment of the beleaguered annuity marketthe $17.4 billion market for structured variable annuities-by issuing its first registered index-lined annuity contract, called FlexGuard.. 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. This and other important information are contained in the initial summary prospectus and the index strategies prospectus for the contract and the summary prospectus or prospectus for the underlying portfolios (collectively, the "prospectuses") which can be obtainedon the prospectus page or by contacting the National Sales Desk. This product will issue daily. 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. Annuities are one of the few strategies that can accomplish both secured growth and guaranteed income. 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. 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. CDs are FDIC-insured up to $250,000 per fi nancial institution, and there may be a penalty for early withdrawal. Each subsidiary is responsible for its own financial condition and contractual obligations. The Interim Value is the value of an Index Strategy on any Valuation Day during an Index Strategy Term. Prudentials iconic Rock symbol has stood for strength, stability, expertise, and innovation for more than a century. You will not receive a written financial plan or investment recommendations as part of the no cost consultation. Any growth is based on the index return. Partner with us, and well invest in you. Investors should carefully consider the features of the contract, index strategies, and the underlying portfolios' investment objectives, policies, management, risks, charges and expenses. FLIAC is in the process of changing its name from Prudential Annuities Life Assurance Corporation (PALAC) in certain jurisdictions. Some of the products and services discussed on the Stages site are in development and may not be currently available. It's up to you to determine if a fixed indexed annuity is suitable for your clients. Transfers from the Index Strategy(ies) to the Variable Subaccounts are not allowed at any time. Please refer to the current rate sheet. across well-known indices. content: ""; Year 1: No free withdrawals allowed in the first contract year, unless taken as a Required Minimum Distribution (RMD) that Prudential calculates. border-right: 10px solid transparent; Withdrawals or surrenders may be subject to contingent deferred sales charges. The Insurance Charge is a combination of the Mortality & Expense Risk Charge and the Administration Charge. Some of the products and services discussed on the Stages site are in development and may not be currently available. For additional important information about the products, services and companies that make them available, please click here Opens in a new window.*. Clients seeking information regarding their particular investment needs should contact a financial professional. Comprehensive financial planning offered through the Stages channel is more limited in scope than comprehensive financial planning offered through the Prudential Advisors distribution channel. Growth opportunities with added ability to lock in performance. Compliance NumberTemplate: 1000797-00012-00, At least characters must be typed in the search field in order to perform the search. Term: The number of years that the Shield Option is in effect. Neither Prudential Financial, Inc. nor Assurance IQ issues, underwrites, or administers health plans or health insurance policies. 0000046879 00000 n 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. It is not possible to invest directly in an index. The more loss protection or buffer you select, the less upside gain from the index you will receive. 0000009414 00000 n .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. 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. Typically, the longer the surrender charge period, the higher the fixed rates and index-based cap rates and participation rates. Index Advantage Income provides multiple index options, which are the combination of a crediting method, also called an index strategy, the index, the time period for measuring Index Performance (term), and a 10% or 20% buffer or a -10% floor. } 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. On each Index Anniversary Date, you may reallocate any Index Strategy that has reached the end of the Index Term or allocate money into new Index Strategies. Certain indicesassociated with Index Strategies may be subject to an underlying fee or reduction. 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. 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. Please reference the prospectus for information about the levels of protection available and other important product information. *The 5-year index term can only be elected at contract issue and cannot be renewed. Renewal rates may be different than those listed below. Clients' money is not actually invested in any index, but may earn interest based on the indexs performance: In this example, the cap rate is 4%, and the participation rate is 30%. Launched in May 2020, it features index strategies with buffers that can help limit market losses while providing investors the opportunity for asset growth. FlexGuard Income is a retirement product that you and your financial professional can customize based on your unique needs. The fund's sponsor has no legal obligation to provide financial support to the fund, and you should not expect that the sponsor will provide financial support to the fund at any time. Neither Prudential Financial, Inc. nor Assurance IQ issues, underwrites, or administers health plans or health insurance policies. .RIANavBar a { Clients seeking information regarding their particular investment needs should contact a financial professional. 528 36 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. 0000001346 00000 n 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. Targets are not available for strategies with a 100% buffer option or the Step Rate Plus Crediting Strategy. A positive or negative MVA may also apply. The Performance Lock Value is calculated daily and once locked,will not fluctuate for the remainder of the current Index Strategy Term, unless a withdrawal or a reallocation were to occur, and will be as of the Performance Lock Date. @media (max-width: 991px) { FlexGuard - NY and all its features may not be approved in allbroker-dealers. ** The websites referenced above are not endorsed or supported by any of the Prudential Financial companies. 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.

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