FlexGuard NY
The FlexGuard NY annuity offers peace of mind and assurance, perfect for my fellow retirees. A standout feature is the flexible growth potential. It's like having a financial safety net, making sure our hard-earned savings grow reliably.
What impresses me the most is the protection against market downturns. Even if the market gets rocky, our investment stays secure. Smart, reliable, and reassuring - that's FlexGuard NY for you.
FlexGuard NY
About Product
Allocation Accounts
| Name | Type | Rates |
|---|---|---|
| 6-Year S&P 500 Tiered Participation Rate (15% 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
|
50%
Cap
|
| 3-Year S&P 500 PTP Cap 10% Buffer |
Point to Point
Triennial
|
100%
Cap
|
| 1-Year S&P 500 PTP Cap 15% Buffer |
Point to Point
Annual
|
11.5%
Cap
|
| 1-Year S&P 500 PTP Cap 10% Buffer |
Point to Point
Annual
|
13%
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
|
45%
Cap
|
| 3-Year MSCI EAFE PTP Cap 10% Buffer |
Point to Point
Triennial
|
95%
Cap
|
| 1-Year MSCI EAFE PTP Cap 15% Buffer |
Point to Point
Annual
|
10.5%
Cap
|
| 1-Year MSCI EAFE PTP Cap 10% Buffer |
Point to Point
Annual
|
14%
Cap
|
| 6-Year S&P 500 Dual Directional Cap 20% Buffer |
Dual Directional
6-Year
|
65%
Cap
|
| 6-Year S&P 500 Dual Directional Cap 15% Buffer |
Dual Directional
6-Year
|
78%
Cap
|
| 6-Year S&P 500 Dual Directional Cap 10% Buffer Uncapped |
Dual Directional
6-Year
|
|
| 1-Year S&P 500 Dual Directional Cap 10% Buffer |
Dual Directional
Annual
|
10.25%
Cap
|
| 1-Year S&P 500 PTP Cap 30% Buffer |
Point to Point
Annual
|
7%
Cap
|
| 1-Year MSCI EAFE PTP Cap 30% Buffer |
Point to Point
Annual
|
7.5%
Cap
|
| 6-Year S&P 500 PTP Cap 30% Buffer |
Point to Point
6-Year
|
60%
Cap
|
| 6-Year MSCI EAFE PTP Cap 30% Buffer |
Point to Point
6-Year
|
65%
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.
Premium Notes
$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 WithdrawalsThe 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 StageThe 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.
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