Web Content Viewer

Actions

Prudential FlexGuardSM indexed variable annuity A Retirement Strategy as Individual as You Are

FlexGuard is a retirement product that you and your financial professional can customize based on your unique needs. Unlike some annuities which offer little choice, FlexGuard offers you the opportunity to select from many options. It's like building your own annuity.

FlexGuard is issued by Prudential Annuities Life Assurance Corporation.

 CT disclosure Opens in New Window

 MN disclosure Opens in New Window

 

Web Content Viewer

Actions

See How FlexGuard Can Help You Create a Customized Strategy to Protect and Grow Your Money

Play
 

Transcript transcript opens in a new window

Web Content Viewer

Actions

FlexGuard index strategies help you:

Protect

Select a level of protection that may help limit losses

Grow

Participate in the growth potential of the market

Accelerate

Enhance growth potential in up markets with two unique crediting strategies

Web Content Viewer

Actions

Plus, there are NO EXPLICIT PRODUCT FEES when allocating to FlexGuard’s index strategies.*

 

*Variable investment options do not have protection levels available and are subject to contract and administrative fees.
Surrender charges and underlying fund expenses may apply in the event of an early withdrawal.

Web Content Viewer

Actions

Choose What’s Right for You

When you purchase FlexGuard, you can work with your financial professional to
custom-build your annuity to meet your individual needs and goals.

Web Content Viewer

Actions

Select your growth opportunity

These three index crediting strategies determine how your money may grow. Choose one or a combination of them. Any growth is based on the index return.

Point-to-Point with Cap Rate Index Strategy

With FlexGuard’s Cap Rate index strategy, you receive any positive index growth up to an upper limit (called a “cap”).

Tiered Participation Rate Index Strategy

Unique to Prudential, FlexGuard’s Tiered Participation Rate index strategy offers 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.

Step Rate Plus Index Strategy


Index underperforms the Step Rate:
If the index return is between 0 and the Step Rate, you will receive that Step Rate.

Index outperforms the Step Rate:
You would receive a percentage of the total index return OR the Step Rate, whichever is greater.


For illustrative purposes only. Strategy terms, rates and buffers are subject to change and are not guaranteed. Not intended to predict index or strategy performance. Subsequent Cap and Participation Rates may be higher or lower than the initial Rates, but will never be less than the Guaranteed Minimum Rates. Subsequent Rates may differ from the Rates used for new contracts or for other contracts issued at different times.
Investing in Prudential FlexGuard’s index strategies does not represent a direct investment in an index.
Variable investment options are offered with this product, however, they are not included for illustration purposes.
For complete product information, including fund investment strategies and fee information, please reference the  client brochure PDF opens in new window,  rate sheet Opens in New Window and  product prospectus. PDF opens in new window

Web Content Viewer

Actions

Choose your level of downside protection

FlexGuard offers you the opportunity to choose your buffer level as well as your term length.

Partial downside protection is provided through the buffer where index losses within the buffer are protected. Index losses that exceed the buffer will result in a loss of Account Value.

The buffer will vary by the selected strategy, term length, and index elected. Not all term and buffer options are available for each index crediting strategy

Web Content Viewer

Actions

Indexed-linked variable annuity products are complex insurance and investment vehicles. There is risk of loss of principal if negative index returns exceed the selected protection level. Gains or losses are assessed at the end of each term. Early withdrawals may result in a loss in addition to applicable surrender charges. Please reference the prospectus for information about the levels of protection available and other important product information.

Variable investment options do not offer downside protection.

 

 


 

Web Content Viewer

Actions

Determine how to allocate your money

 See product specifications for more information on funds and fees associated Opens in New Window

 

Choose from two well-known indices

Your money is not actually invested in any index, but may earn interest credits based on the index’s performance.

  • A leading gauge of the U.S. equities market, the Standard & Poor’s 500® Index includes 500 of the largest companies on the New York Stock Exchange and NASDAQ.
  • The MSCI EAFE is designed to measure the performance of a selection of stocks in 21 developed markets outside of the U.S. and Canada. The oldest international stock index, it is the most common benchmark in the US for foreign stock funds.

And select from variable investment options

FlexGuard also offers variable investment options which can be mixed and matched in any percentage.

 

CDSC Surrender Charge Schedule

B-Share 6 year: 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.

Web Content Viewer

Actions

All FlexGuard features may not be available in all states or through all broker-dealers.

The Step Rate Plus Index Strategy is not available in the state of Pennsylvania.

Web Content Viewer

Actions

Make changes as you go

On each Index Anniversary Date, you may reallocate any Index Strategy that has reached an Index Strategy End Date. Variable investment options may be reallocated at any time.

Web Content Viewer

Actions

See FlexGuard in Action

This tool enables you to compare how various choices of index strategies, protection
levels, and term lengths may impact your outcomes.

 

The individual index strategies displayed are based on historical performance and do not include subaccount
performance. Refer to the rest of the website for detailed product information that may help in your use of the tool.

Web Content Viewer

Actions

Loading tool ...

Web Content Viewer

Actions

Hypothetical example for illustrative purposes. Assumes no withdrawals and that the Account was held for the complete Index Strategy Term. Past performance does not guarantee future results. Your actual results will vary.

Please speak with a Financial Professional for a full illustration.
The FlexGuard product and all of its features are not approved in all states or through all broker dealers. The Step Rate Plus Strategy is not available in the state of Pennsylvania.

 

Performance Disclosure

These results were calculated using annual historical index returns and current strategy rates as of the run date of the illustration, which we assumed did not change at any time during the time period illustrated.

This interactive illustration is hypothetical and based on the index crediting strategy selected. Index Strategy credits will fluctuate, and may be negative, so that the Account Value, when redeemed, may be worth more or less than the original purchase amount. If a withdrawal is taken from an Index Strategy during the term period, the Interim Value will apply; however it is not illustrated.

Variable investment options are offered with this product however are not included for illustration purposes. Please refer to the product prospectus for fund investment strategies and fee information.

The interactive illustration does not reflect the effect of income taxes, penalty taxes, and premium taxes. Withdrawals or surrenders may be subject to contingent deferred sales charges and Interim Value of the index strategies. If the variable investment options are elected, the contract is subject to mortality, expense, and administration charges of 1.30%, and any applicable underlying fund expenses. Withdrawals and distributions of taxable amounts are subject to ordinary income tax and, if made prior to age 59½, may be subject to an additional 10% federal income tax penalty, sometimes referred to as an additional income tax. Withdrawals reduce the account value and death benefits.

Methodology Disclosure

Down Market: A down market is to be considered any 1 year, 3 year, or 6 year term in which performance for the selected index/indices is negative. Time periods for both the S&P 500®, and MSCI EAFE® were chosen based on their proximity to the average down market for each term. The average down market was calculated by excluding all terms with positive performance. The down market illustrates the following:

S&P 500® price index returns: : 1-year term period 01/01/2000 – 12/31/2000; 3-year term period 01/01/2007 – 12/31/2009; 6-year term period 01/01/2000 – 12/31/2005.

MSCI EAFE® price index returns: 1-year term period 01/01/2018 – 12/31/2018; 3-year term period 01/01/2007 – 12/31/2009; 6-year term period 01/01/2006 – 12/31/2011.

Up Market: An up market is to be considered any 1 year, 3 year, or 6 year term in which performance for the selected index/indices is positive. Time periods for both the S&P 500®, and MSCI EAFE® were chosen based on their proximity to the average up market for each term. The average up market was calculated by excluding all terms with negative performance. The up market illustrates the following:

S&P 500® price index returns: 1-year term period 01/01/2017 – 12/31/2017; 3-year term period 01/01/2013 – 12/31/2015; 6-year term period 01/01/2014 – 12/31/2019.

MSCI EAFE® price index returns:1-year term period 01/01/2004 – 12/31/2004; 3-year term period 01/01/2012 – 12/31/2014; 6-year term period 01/01/2003 – 12/31/2008.

 

For Compliance Use Only:

1033463

1033463-00005-00

 

 

Key Terms

  • Account Value – The Interim Value for each Index Strategy plus the total value of any allocations in the Variable investment options on any Valuation Day. The Interim Value does not apply to Index Strategies on the Index Strategy Start Date and the Index Strategy End Date where Account Value will equal the Index Strategy Base plus any allocations in the Variable investment options.
  • Buffer – The amount of protected negative Index Return applied to the Account Value allocated to an Index Strategy at the end of an Index Strategy Term. Any negative Index Return in excess of the Buffer reduces the Account Value.
  • Cap Rate – For the Point-to-Point with Cap Rate Index Strategy the maximum rate percentage that can be credited at the end of an index term; the Cap Rate is set prior to the start of each index term. A different Cap Rate may be declared for different indices and different Index Strategy Terms.
  • Death Benefit –  Return-of-premium death benefit is available on all contracts for no additional charge. It is equal to the greater of: 1) Account Value: The money in your account at the time of death or 2) Purchase Payments: The total of the payments you made since the issue date, reduced proportionally by any withdrawals.
  • Free Withdrawal Amount – The amount of money that can be withdrawn from the annuity each year during the surrender charge period, without incurring a surrender charge. This amount is equal to 10% of the purchase payments.
  • Index (Indices) – The underlying Index associated with an Index Strategy and used to determine the Index Return in determining the Index Credit. An Owner does not directly participate in an Index.
  • Index Anniversary Date – The same day, each calendar year, as the day of the initial allocation to an Index Strategy.
  • Index Credit – The amount the Owner receives on an Index Strategy End Date based on the Index Return and the Index Strategy. The Index Credit can be negative, meaning the Owner can lose principal and prior earnings.
  • Index Strategy End Date – The last day of an Index Strategy Term. This is the day any applicable Index Credit would be credited to the Index Strategy.
  • Index Strategy Start Date –The first day of an Index Strategy Term.
  • Index Strategy Term – The time period allocated to each Index Strategy. The term begins on the Index Strategy Start Date and ends on the Index Strategy End Date.
  • Index Return – The percentage change in the Index Value from the Index Strategy Start Date to the Index Strategy End Date, which is used to determine the Index Credit for an Index Strategy. An Index Return is calculated by taking the Index Value on the Index Strategy End Date, minus the Index Value on the Index Strategy Start Date, and then dividing the result by the Index Value on the Index Strategy Start Date.
  • Interim Value – The value of an Index Strategy on any day during an Index Strategy Term. It is a calculated value and is used when a withdrawal, death benefit payment, transfer, annuitization, or surrender occurs during an Index Strategy Term. The interim value does not reflect the actual performance of the applicable index.
  • Owner – An eligible entity or person named as having ownership rights in relation to the annuity.
  • Participation Rate – The percentage of any Index increase that will be used in calculating the Index Credit at the end of an Index Strategy Term for the Tiered Participation Rate Index Strategy or the Step Rate Plus Index Strategy. A different Participation Rate may be declared for different Index Strategies and Buffers.
  • Step Rate – The declared rate that may be credited to amounts allocated to the Step Rate Plus Index Strategy for any given Index Strategy Term if the Index Return is between zero and the declared Step Rate. A different Step Rate may be declared for different Indices.
  • Surrender Charge – A type of charge that may be deducted when a surrender or partial withdrawal from the annuity occurs that is greater than the Withdrawal Amount.
  • Tier Level – The declared Index Return that is used to determine which Participation Rate tier applies in the calculation of Index Credit for Tier Level 1 and Tier Level 2 in the Tiered Participation Rate Index Strategy.
  • Variable Investment Option – A division of the Variable Separate Account.

Index Definitions

  • S&P 500® Index is a market capitalization-weighted index of the 500 widely held stocks often used as a proxy for the stock market. S&P chooses the member companies for the 500 based on market size, liquidity and industry group representation.
  • MSCI EAFE (Europe, Australasia, Far East) is a widely accepted benchmark for international stock performance. 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.

Web Content Viewer

Actions

Talk to Your Financial Professional About Adding a
Variable Annuity to Your Retirement Income Strategy.

ffp-location-only-blue-annuities

Actions

Web Content Viewer

Actions

Footnotes

A variable annuity is a long-term investment designed for retirement purposes. Investment returns and the principal value of an investment will fluctuate so that an investor’s units, when redeemed, may be worth more or less than the original investment.

Withdrawals or surrenders may be subject to contingent deferred sales charges and Interim Value of the index strategies. If the variable investment options are elected, the contract is subject to mortality, expense, and administration charges of 1.30%, and any applicable underlying fund expenses. Withdrawals and distributions of taxable amounts are subject to ordinary income tax and, if made prior to age 59½, may be subject to an additional 10% federal income tax penalty, sometimes referred to as an additional income tax. Withdrawals reduce the account value and death benefits.

The S&P 500® Index is a product of S&P Dow Jones Indices LLC ("SPDJI"), and has been licensed for use by Prudential Annuities Life Assurance Corporation. 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 Prudential Annuities Life Assurance Corporation. Prudential Annuities Life Assurance Corporation's, Product(s) is not sponsored, endorsed, sold or promoted by SPDJI, Dow Jones, S&P, their respective affiliates, and none of such parties make any representation regarding the advisability of investing in such product(s) nor do they have any liability for any errors, omissions, or interruptions of the S&P 500® Index.

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. The product prospectus contains a more detailed description of the limited relationship MSCI has with Prudential Annuities Life Assurance Corporation and any related annuity contracts.

Investors should consider the features of the contract, index strategies and the underlying portfolios' investment objectives, policies, management, risks, charges and expenses carefully before investing. This and other important information is contained in the prospectus, which can be obtained on the prospectus page or from your financial professional. Please read the prospectus carefully before investing.

Issuing company located in Shelton, CT (main office). Variable annuities are distributed by Prudential Annuities Distributors Inc., Shelton, CT. Both are Prudential Financial companies and each is solely responsible for its own financial condition and contractual obligations Prudential Annuities is a business of Prudential Financial, Inc.

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. If you would like information about your particular investment needs, please contact a financial professional.

Annuity contracts contain exclusions, limitations, reductions of benefits, and terms for keeping them in force. Your licensed financial professional can provide you with complete details.

All references to guarantees, including the benefit payment obligations arising under the annuity contract guarantees, any index strategy crediting or annuity payout rates are backed by the claims-paying ability of Prudential Annuities Life Assurance Corporation, and do not apply to the underlying variable investment options. Those payments and the responsibility to make them are not the obligations of the third party broker/dealer from which this annuity is purchased or any of its affiliates. 

The FlexGuard product and all of its features are not approved in all states or through all broker dealers. The Step Rate Plus Strategy is not available in the state of Pennsylvania.

Prudential Annuities and its distributors and representatives do not provide tax, accounting, or legal advice. Please consult your own attorney or accountant.

Issued on Contracts: RILA/IND(11/19) (or state variation thereof). In Idaho, Issued on Contract: RILA/IND(11/19)-ID.
Issued on Rider: RID-RILA-ROP(11/19) (or state variation thereof).
Issued on Endorsements END-RILA-P2P(11/19), END-RILA-TPAR(11/19) and END-RILA-SRP(11/19) (or state variation thereof).

 

For Compliance Use Only:

1036017

1036017-00007-00

Web Content Viewer

Actions