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Best Guaranteed Annuity Rates
2-Year
5.70%
3-Year
6.25%
5-Year
6.30%
7-Year
6.00%
10-Year
5.80%

FlexGuard NY

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Highlights

FlexGuard - NY indexed variable annuity (a flexible premium deferred index-linked and variable annuity) offers you a choice of levels of downside protection and the opportunity to capitalize on market growth. It also offers the opportunity to select from various index crediting strategies and variable subaccounts that determine how your money may grow, as well as how long you want to invest. 
Available in states: NY
Type
Registered Index-Linked
Purpose Accumulation & Legacy
Term
6 Years
Surrender schedule
7%7%6%5%4%3%
Free withdrawal
10%
Flexible premium Product Life
Market value adjustment
Return of premium
Launch date
05/18/2020
Minimum contribution
$25,000
Maximum contribution
$1,000,000
Max Age Qualified
85
Types of funds
Non-Qualified, Profit Sharing, IRA, Pension, IRA Rollover, 401a, IRA Transfer, TSA 403b, SEP IRA, KEOGH, IRA-Roth, 457 plan, 1035 Exchange, Inherited IRA, NQ Stretch, and TSP
Brochure
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Premium Notes

Minimum Purchase Payment
$25,000 minimum; qualified or non-qualified.

Subsequent Purchase Payments
The minimum amount allocable to any Index Strategy is $2,000, and the minimum amount allocable to any Variable Investment Sub-account is $20. Currently you may make subsequent Purchase Payments, provided that the payment is at least $100 ($50 minimum for electronic funds transfer (“EFT”) purchases).
You may make subsequent Purchase Payments, at any time before the earlier of (i) the Annuity Date and (ii) the oldest Owner’s 86th birthday (the Annuitant’s 86th birthday, if the Annuity is owned by an entity). No subsequent Purchase Payments are allowed if the Annuity is held as a Beneficiary Annuity.
Each time you add additional premiums to your contract, a new surrender charge period begins.

Note: TSP funds have to be rolled into an IRA.

Withdrawal Provisions

Free Withdrawals
The Charge Free Withdrawal amount during each Annuity Year is equal to 10% of all Purchase Payments that are currently subject to a CDSC.  If you do not make a Charge Free Withdrawal during an Annuity Year, you are not allowed to carry over the Charge Free Withdrawal amount to the next Annuity Year.
No CDSC (if applicable) will be assessed on Required Minimum Distributions from your Annuity if you are required by law to take such RMDs from your Annuity at the time it is taken, provided the amount withdrawn is the amount Prudential calculates as the RMD and is paid out through a program of systematic withdrawals made available by Prudential.

Systematic Withdrawals During the Savings Stage
The systematic withdrawal program is an administrative program designed for you to withdraw a specified amount from your Annuity on an automated basis at the frequency you select. This program is available to you at no additional charge. Systematic withdrawals can be made from your Account Value allocated to the Variable Investment Sub-accounts or Index Strategies.  You may not have a systematic withdrawal program if you are receiving substantially equal periodic payments under Sections 72(t) and 72(q) of the Code or Required Minimum Distributions. 

Allocation Accounts

Name Type Rates
6-Year S&P 500 Tiered Participation Rate (10% tier) with 10% Buffer
Tiered Participation Rate
6-Year
100% Participation
6-Year MSCI EAFE Tiered Participation Rate (20% tier) with 10% Buffer
Tiered Participation Rate
6-Year
100% Participation
6-Year S&P 500 PTP Cap 20% Buffer Uncapped
Point to Point
6-Year
3-Year S&P 500 PTP Cap 20% Buffer
Point to Point
Triennial
120% Cap
3-Year S&P 500 PTP Cap 10% Buffer
Point to Point
Triennial
150% Cap
1-Year S&P 500 PTP Cap 15% Buffer
Point to Point
Annual
12.75% Cap
1-Year S&P 500 PTP Cap 10% Buffer
Point to Point
Annual
16% Cap
6-Year MSCI EAFE PTP Cap 20% Buffer
Point to Point
6-Year
300% Cap
3-Year MSCI EAFE PTP Cap 20% Buffer
Point to Point
Triennial
90% Cap
3-Year MSCI EAFE PTP Cap 10% Buffer Uncapped
Point to Point
Triennial
1-Year MSCI EAFE PTP Cap 15% Buffer
Point to Point
Annual
11.5% Cap
1-Year MSCI EAFE PTP Cap 10% Buffer
Point to Point
Annual
17% Cap

Surrender schedule

Year 1 2 3 4 5 6
Penalty 7% 7% 6% 5% 4% 3%

Riders

Name Inbuilt Fee
Return of Purchase Payments Death Benefit Yes

Waivers

Hospital

You may request to surrender all or part of your Annuity prior to the Annuity Date without application of any otherwise applicable CDSC if the Owner (or Annuitant if entity-owned) is first confined in a “Medical Care Facility” after the Issue Date and while the Annuity is in force, remains confined for at least 90 consecutive days. “Medical Care Facility” means a facility providing medically necessary in-patient care, which is certified as a hospital or long-term care facility; or a nursing home which offers the services of a Registered Nurse (RN) or Licensed Practical Nurse (LPN) 24 hours a day that maintains control of all prescribed medications dispensed and daily medical records.

Nursing Home

You may request to surrender all or part of your Annuity prior to the Annuity Date without application of any otherwise applicable CDSC if the Owner (or Annuitant if entity-owned) is first confined in a “Medical Care Facility” after the Issue Date and while the Annuity is in force, remains confined for at least 90 consecutive days. “Medical Care Facility” means a facility providing medically necessary in-patient care, which is certified as a hospital or long-term care facility; or a nursing home which offers the services of a Registered Nurse (RN) or Licensed Practical Nurse (LPN) 24 hours a day that maintains control of all prescribed medications dispensed and daily medical records.

Terminal Illness

You may request to surrender all or part of your Annuity prior to the Annuity Date without application of any otherwise applicable CDSC if the Owner (or Annuitant if entity-owned) is first diagnosed as having a “Terminal Illness” after the Issue Date and while the Annuity is in force. “Terminal Illness” means a condition (a) diagnosed by a licensed physician; and (b) that is expected to result in death of the patient within 24 months after the diagnosis.

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