Prudential FlexGuard® Income 2.0 is a registered index linked annuity that offers income with various levels of protection and the opportunity to capitalize on market growth, even after clients have started taking income.
*Clients receive a fully protected, fixed payment for life if their account value reaches zero.
Surrender charges and/or Market Value Adjustment may apply in the event of an early withdrawal.
How FlexGuard Income 2.0 works
There are three stages on the journey to and through retirement with FlexGuard Income 2.0:
The Savings Stage—while clients are potentially increasing their future income
The Income Stage—while clients are receiving income
The Insured Income Stage—while clients are protected from outliving their assets
When clients purchase FlexGuard Income 2.0, you help them custom-build an annuity to fit their unique income needs and goals. In both the Savings and Income Stages, clients shape their growth and protection strategy by selecting:
Growth opportunity through index crediting strategies and a Fixed Account
Protection level through “Buffers”
Time to invest through “index terms”
Market index or indices to track
Choose clients’ levels of downside protection
FlexGuard Income 2.0 offers clients Buffer options of 5%, 10%, 15%, 20%, 30%, or 100%, depending on the Index Strategy and Term. The Buffer provides partial downside protection—index losses within the Buffer are covered, but losses beyond it will reduce a client's Account Value. Not all Buffer and term options are available with every index crediting strategy.
During the Income Stage, clients have the potential to increase their income each year with various levels of protection through our 1-year Index Term index strategies and a fixed account.
How a Buffer works:
Footenotes
Registered index linked annuity products are complex insurance and investment vehicles and are long-term investments designed for retirement purposes. There is risk of loss of principal if negative index returns exceed the selected protection level. As gains or losses are assessed at the end of each term, index credit is only received if the strategy is held full term, and no withdrawals are taken. Early withdrawals may result in a loss in addition to applicable surrender charges and/or Market Value Adjustment. Please reference the prospectus for information about the levels of protection available and other important product information.
Select clients' growth opportunity:
FlexGuard Income 2.0 offers several index crediting strategies during the Savings Stage: four that offer growth up to a Cap Rate, two that offer accelerated growth potential that is uncapped, and a Fixed Account. The client can choose one or combine them. The chart below provides an overview of each of the index crediting strategies.
Growth Opportunities
| Index Strategy | Description |
|---|---|
| Cap Rate | This strategy offers the opportunity to receive any positive index growth up to an upper limit (called a “Cap”) during the chosen crediting period. |
| Participation Rate with Cap | This strategy offers growth potential equal to or more than 100% of the Index Return, subject to a Cap Rate. |
| Enhanced Cap Rate | This strategy offers higher Cap Rates than the Cap Rate strategy, giving clients the opportunity to capture more market growth. In exchange, clients give up a percentage of positive returns, known as the Spread. |
| Dual Directional | This strategy offers growth potential up to a Cap Rate when Index Return is positive, and can still provide growth potential when the Index Return is negative (within or equal to the Buffer). |
Uncapped Growth Opportunities
(no maximum amount of credit)
| Index Strategy | Description |
|---|---|
| Step Rate Plus | This strategy provides advantages beyond a traditional step rate index strategy by offering accelerated growth potential in times when the index return exceeds the preset Step Rate, known as the “ceiling”. Clients benefit from the greater of the Step Rate or Participation Rate multiplied by the Index Return. |
| Tiered Participation Rate | This strategy provides the unique potential to outperform the Index Return. This strategy offers clients 100% of any positive index growth up to a Tier Level. Growth exceeding the Tier Level results in an Index Credit equal to or greater than 100%, leading to additional growth. |
Fixed AccountAn available allocation which is an interest-bearing account crediting a fixed rate, compounded and credited daily at an annual effective interest rate declared by us. We will declare an interest rate at least annually for the Fixed Account that will be no less than the Guaranteed Minimum Interest Rate for any amounts in or transferred to the Fixed Account. |
Before making a selection, clients should review each index crediting strategy flyer and the current rates. New business Spreads, Cap Rates, Step Rates, Participation Rates, and Tier Levels set by Prudential are determined at contract issue and are subject to change at any time. It's important clients fully understand each crediting strategy to assess whether it aligns with their unique goals and objectives.
Prudential will not provide advice or notify clients regarding whether they should exercise a Flexible Allocation and/or Performance Lock or the optimal time for doing so. Prudential will not warn them if they exercise a Performance Lock and/or Flexible Allocation at a suboptimal time. Prudential is not responsible for any losses related to their decision whether or not to exercise a Flexible Allocation and/or Performance Lock. If a Flexible Allocation and/or Performance Lock is executed when the Interim Value has declined, the client will lock in any loss. It is possible that they would have realized less of a loss or no loss if the Flexible Allocation and/or Performance Lock occurred at a later time, or for performance lock if the Index Strategy was not “locked.” Refer to the prospectus for additional information.
Compared to your Index Rates at contract issue, renewal Cap Rates, Step Rates, and Participation Rates may be higher or lower than the initial rates; but will never be less than the Guaranteed Minimum Rates. Spreads may be higher or lower than the initial Spreads but will never be higher than the Guaranteed Maximum Spread. Tier Levels may be higher or lower than the initial Tier Level but will never be higher than the Guaranteed Maximum Tier Level. Subsequent rates, Spreads, and Tier Levels may differ from the rates used for new contracts or for other contracts issued at different times. Rates and Spreads are impacted by changes in various economic factors.
Flexible Allocation rates offered on the Flexible Allocation Date may be different than Flexible Allocation rates that become available later in the Index Year or renewal rates available on the Index Strategy Term End Date. We can change Flexible Allocation rates at our discretion, subject to the guaranteed minimums.
For complete product information, please reference the client brochure PDF opens in a new window, index strategy rates and caps opens in new window, product prospectus, and income benefit supplement PDF opens in a new window.
With FlexGuard Income 2.0's index crediting strategies, client money is not actually invested in any index, but may earn interest based on the performance equal to or greater than the index.
Determine how to allocate clients' money
S&P 500®
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.
iShares® Russell 2000 ETF
The iShares Russell 2000 ETF seeks to track the investment results of the Russell 2000® Index, an index composed of small-capitalization U.S. equities. The Russell 2000 Index measures the performance of the small capitalization sector of the U.S. equity market, as defined by FTSE Russell.
Invesco QQQ ETF
Invesco QQQ ETF is an exchange-traded fund that seeks to track investment results of the Nasdaq-100 Index. The Index includes the 100 largest nonfinancial companies listed on the Nasdaq based on market cap.
Dimensional International Equity Core Focus Index
The Dimensional International Equity Focus Index is a rules-based index that pursues size, value, and profitability premiums within developed ex U.S. and Canada markets in an integrated and diversified manner, leveraging Dimensional’s decades of experience in applying financial research to robust investment strategies.
MSCI EAFE
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 U.S. for foreign stock funds.
AB 500 Plus IndexSM
The AB 500 Plus Index is a rules-based index based upon several U.S. and global equity indices. The Index seeks to tactically allocate to certain indices when their expected return potential is elevated as compared with the expected return potential of the largest U.S. public companies.1
Footenotes
Please note that it is not possible to invest directly in an index. When you allocate to an Index Strategy that is linked to the performance of an ETF, you are not investing in the ETF. Index-based ETFs seek to track the investment results of a specific market index. Due to a variety of factors, including the fees and expenses associated with an ETF, an ETF’s performance may not fully replicate or may, in certain circumstances, diverge significantly from the performance of the underlying index. This potential divergence between the ETF and the specific market index is known as a tracking error.
1 The rules for calculating the AB 500 Plus IndexSM include an annual 0.75% reduction, which accrues daily, meaning that a small portion of that reduction is included in the published Index Value each day. The reduction is included to aid in setting the cap and participation rates and/or buffer levels of the Index Strategy with which the Index is used. Please see the prospectus for additional details.
FlexGuard Income 2.0 and all its features may not be approved in all states or with all broker-dealers.
Use our secure online experience to:
- Access FlexGuard Income 2.0 illustrations
- Download marketing materials
- Service existing Prudential Annuities clients
Or download our client-approved brochure PDF opens in a new winodw, product prospectus, rates, opens in a new window and income benefit supplement PDF opens in a new window to share with clients and help educate them about FlexGuard Income 2.0.
See FlexGuard Income 2.0 in action
Use this tool to explore how various index crediting strategies, protection levels, and term lengths may perform in different market scenarios and impact a client's Annual Income Amount.
The performance results of each index option are based on historical data.
Before you use this tool please refer to the detailed product information above.
See current rates to view and customize each client's retirement strategy opens in a new window
Want to use this tool with clients? Use the client-approved version instead
Hypothetical example for illustrative purposes. Assumes the Account was held for the full Index Strategy Term and subsequent renewed terms where applicable. Assumes no withdrawals during the Savings Stage. Past performance does not guarantee future results. Your actual results will vary.
The content on this page is for Financial Professional use only.
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.
Index Strategy credits are based on current strategy rates at time of the illustration run date and assumed were renewed at those rates for the time period displayed within this illustration.
Renewal Cap Rates, Step Rates, and Participation Rates may be higher or lower than the initial rates but will never be less than the Guaranteed Minimum Rates. Spreads may be higher or lower than the initial Spreads but will never be higher than the Guaranteed Maximum Spread. Tier Levels may be higher or lower than the initial Tier Level but will never be higher than the Guaranteed Maximum Tier Level. Subsequent rates, Spreads and Tier Levels may differ from the rates and Tier Levels used for new contracts or for other contracts issued at different times. Rates and Spreads are impacted by changes in various economic factors.
This interactive illustration is hypothetical and based on the index crediting strategy(ies) 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.
We assess a yearly benefit charge of [1.70%]. For Index Strategy Terms longer than one year, the values illustrated prior to the Index Strategy End Date reflect the Index Strategy Base as reduced by any benefit charge as we are not illustrating Interim Values.
The interactive illustration does not reflect the effect of income taxes, penalty taxes, and premium taxes. Withdrawals or surrenders may be subject to surrender charges and Interim Value of the index strategies. Withdrawals or surrenders may be subject to surrender charges and/or market value adjustment. Withdrawals and distributions of taxable amounts are subject to ordinary income tax and, if made prior to age 59½, may be subject to a 10% additional tax. Withdrawals reduce the account value and the living and death benefits.
Methodology Disclosure
Full History: The Full History scenario utilizes annual historical index returns starting from Illustration Start year until the most recent year end and is based on the indices selected during the Savings and Income Stages. Illustration Start year is calculated backwards from the most recent year end based on the available index price history, owner's age and maximum illustrated duration that will not extend beyond 30 years.
The Down/Up Market scenarios are returns based upon a common return history of calendar year end returns from [2001-Current]. These scenarios use an arithmetic average return of all the indices available on the product to determine the return applicable to the contract.
Down Market: The Down Market is the 10-year period during which the annual average return of all indices resulted in the lowest compounded total return over the 10-year period for which there was common return history. The time period used to calculate the applicable Down Market returns is [2001-2010] based on common history of all available indices.
Up Market: The Up Market is the 10-year period during which the annual average return of all indices resulted in the highest compounded total return over the 10-year period for which there was common return history. The time period used to calculate the applicable Up Market returns is [2011-2020] based on common history of all available indices.
If the illustrated duration extends beyond 10 years, the 10-year Down and Up Market returns are repeated until the conclusion of the illustration.
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Key Terms
Account Value: The Interim Value for each Index Strategy on any Valuation Day other than the Index Strategy Start Date and Index Strategy End Date, plus the Fixed Account Value. The Interim Value does not apply to an Index Strategy on the Index Strategy Start Date and the Index Strategy End Date. On an Index Strategy Start Date, the Index Strategy Base applicable to that Index Strategy would be used instead of the Interim Value. On an Index Strategy End Date, the Index Strategy Base plus the Index Credit applicable to that Index Strategy would be used instead of the Interim Value.
Annual Income Amount: The annual amount that can be withdrawn without being considered Excess Income during the Income Stage. The Annual Income Amount will vary from year to year and can be lower in one Annuity Year than in the prior Annuity Year even if no Excess Income is taken.
Annuity Year: The twelve month period beginning on the Issue Date and continuing through and including the day immediately preceding the first anniversary of the Issue Date. Subsequent Annuity Years begin on the anniversary of the Issue Date and continue through and include the day immediately preceding the next anniversary of the Issue Date.
Benefit: An Index-Linked Variable Income Benefit that is automatically included with the contract at issue and becomes effective on the Index Effective Date.
Buffer: The Buffer limits the amount of negative Index Credit that may be applied to the Index Strategy Base on any Index Strategy End Date. Any negative Index Return in excess of the Buffer reduces the Account Value. The Buffer may vary by Index and Index Strategy Term.
Cap Rate: The Cap Rate limits the amount of Index Credit that may be credited to the Index Strategy Base on any Index Strategy End Date when the Index Return is positive. A different Cap Rate may be declared for different Indices, Buffers, and different Index Strategy Terms. Cap Rates, upon renewal, may be higher or lower than the initial Cap Rate but will never be less than the Guaranteed Minimum Cap Rate. Renewal Cap Rates may differ from the Cap Rates used for new Annuity contracts or for other Annuity contracts issued at different times.
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; or 2) Purchase Payments: The total of the payments the client made since the issue date, reduced proportionally by any withdrawals.
Fixed Account: An interest-bearing account that credits a fixed rate compounded and credited daily at an annual effective interest rate declared by us. We will declare an interest rate at least annually for the Fixed Account that will be no less than the Guaranteed Minimum Interest Rate for any amounts in or transferred to the Fixed Account. The fixed account is not illustrated.
Free Withdrawal Amount: The amount of money that can be withdrawn without application of any surrender charge or Market Value Adjustment (MVA). The amount is equal to 10% of the purchase payment in the first year; and 10% of the prior anniversary Account Value in subsequent years
Income Deferral Rate (also referred to as “deferral credit”): An annual percentage added to the Income Percentage each full year during the Savings Stage until the Income Effective Date. The Income Deferral Rate is based on the age of the Protected Life or the younger of the Joint Protected Lives on the Index Effective Date and does not change for the life of the Contract.
Income Effective Date: The date the client elects elects to begin taking Income Withdrawals under the Benefit.
Income Percentage: The rate applied to determine the initial Annual Income Amount. The Income Percentage is based on the age of the Protected Life, or the younger of the Joint Protected Lives on the Index Effective Date. Prior to the Income Effective Date, the Income Percentage includes any applicable Income Deferral Rate credits. If the Joint Protected Life has been added, changed, or removed before the Income Effective Date, the Annual Income Amount will be based on the applicable Income Percentage and Income Deferral Rate based on the younger of the Protected Life or Joint Protected Lives as of the Index Effective Date.
Income Stage: The time period beginning on the Income Effective Date and ending on the Valuation Day the Insured Income Stage begins.
Income Stage Waiting Period: The length of time you must wait before electing the Income Effective Date.
Index (Indices): A benchmark designed to track the performance of a defined portfolio of securities.
Index Anniversary Date: The same day, each calendar year, as the day of the initial allocation to an Index Strategy or the Fixed Account. You may reallocate available Account Value to a new Index Strategy(ies) or to the Fixed Account or other options we make available on this date.
Index Credit: The percent of Index Return used to calculate the amount credited to an Index Strategy on an Index Strategy End Date. Index Credit can be positive, negative, or zero and may be expressed as a dollar amount or percentage.
Index Effective Date: The first day of the first allocation to an Index Strategy and/or the Fixed Account.
Index Strategy (also referred to as "index crediting strategy"): Any of the index linked Allocation Options we make available in the Annuity for crediting interest based on the underlying Index associated with the Index Strategy, Buffer, and Index Strategy Term. We may offer other Index Strategies from time to time, subject to our rules.
Index Strategy End Date: The last day of an Index Strategy Term. This is the day any applicable Index Credit will be credited to the Index Strategy. You may reallocate available Account Value to any Index Strategy(ies) or the Fixed Account on this date.
Index Strategy Start Date: The first day of an Index Strategy Term.
Index Strategy Term: The time period allocated to each Index Strategy. The Index Strategy Term begins on the Index Strategy Start Date and ends on the Index Strategy End Date.
Interim Value: The value of an Index Strategy on any Valuation Day during an Index Strategy Term other than the Index Strategy Start Date and Index Strategy End Date. The Interim Value is a calculated value and is used when a withdrawal, reallocation, Death Benefit payment, annuitization, Performance Lock, or Surrender occurs between an Index Strategy Start Date and Index Strategy End Date. During an Index Strategy Term, the Interim Value is included in the Account Value and Surrender Value. Interim Value does not apply to the Fixed Account. The interim value is not illustrated.
Insured Stage: Once the Account Value is reduced to $0 as a result of Income Withdrawals in any Annuity Year that are less than or equal to the Annual Income Amount, you receive the last calculated Annual Income Amount for life.
Issue Date: The effective date of the Annuity. The Issue Date is established when Prudential receives the complete Purchase Payment and all information required for the purchase of a Contract in Good Order.
Market Value Adjustment (MVA): An adjustment (positive or negative) that applies to any withdrawal(s) taken from the Index Strategies and/or Fixed Account that exceeds the Free Withdrawal Amount or upon a Surrender during a MVA Period.
Market Value Adjustment Period: A 6-year period beginning at Index Effective Date that renews every 6 years in which a MVA will apply to Partial Withdrawal amounts above the Free Withdrawal Amount and Surrenders.
Owner: The natural person(s) or entity shown as Owner in the Annuity Schedule unless later changed.
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, Participation Rate with Cap Strategy, or the Step Rate Plus Index Strategy. A different Participation Rate may be declared for different Index Strategies and Buffers.
Savings Stage: The period of time before the Income Effective Date and begins on the Issue Date of the contract.
Spread: The Spread reduces the value of positive Index Returns used in the calculation of Index Credits that may be applied to the Index Strategy Base on any Index Strategy End Date. The Spread percentage may vary by Index, Index Strategy Term, Cap Rate, and Buffer. Multiple Spread options with different Cap Rates may be offered with the same level of Buffer.
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 zero or positive and less than or equal to the declared Step Rate. A different Step Rate may be declared for different Indices.
Surrender Charge: A charge assessed upon a Partial Withdrawal over and above the Free Withdrawal Amount or upon a Surrender during any applicable surrender charge period.
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 during the Savings Stage.
FlexGuard Income 2.0 registered index linked annuity at a glance
Disclosure
Investors should carefully consider the features of the contract, index strategies, risks, charges, and expenses. The prospectus for the contract contains this and other important information and can be obtained by contacting the National Sales Desk. Clients should read the prospectuses carefully before investing.
It is possible to lose money by investing in securities.
Annuities are issued by Pruco Life Insurance Company located in Newark, NJ (main office). Registered index linked annuities are distributed by Prudential Annuities Distributors, Inc., Shelton, CT.
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 clients or prospective clients. The information is not intended as investment advice and is not a recommendation about managing or investing a client’s retirement savings. Clients seeking information regarding their particular investment needs should contact a financial professional.
All 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 the issuing company. 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.
Prudential will not provide advice or notify clients regarding whether they should exercise a Flexible Allocation and/or Performance Lock or the optimal time for doing so. Prudential will not warn them if they exercise a Performance Lock and/or Flexible Allocation at a suboptimal time. Prudential is not responsible for any losses related to their decision whether or not to exercise a Flexible Allocation and/or Performance Lock. If a Flexible Allocation and/or Performance Lock is executed when the Interim Value has declined, the client will lock in any loss. It is possible that they would have realized less of a loss or no loss if the Flexible Allocation and/or Performance Lock occurred at a later time, or for performance lock if the Index Strategy was not “locked.” Refer to the prospectus for additional information.
The S&P 500® Index is a product of S&P Dow Jones Indices LLC ("SPDJI"), and has been licensed for use by Pruco Life Insurance Company. 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 Pruco Life Insurance Company. Pruco Life Insurance Company'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.
It is not possible to invest directly in an index.
The iShares® Russell 2000 ETF is distributed by BlackRock Investments, LLC. iShares® and BlackRock®, and the corresponding logos, are registered trademarks of BlackRock, Inc. and its affiliates ("BlackRock") and are used under license. BlackRock has licensed certain trademarks and trade names of BlackRock to Pruco Life Insurance Company for certain purposes. Pruco Life Insurance Company's products and services are not sponsored, endorsed, sold, or promoted by BlackRock, and purchasers of such products do not acquire any interest in the iShares® Russell 2000 ETF nor enter into any relationship of any kind with BlackRock. BlackRock makes no representations or warranties, express or implied, to the owners of any products offered by Pruco Life Insurance Company or any member of the public regarding the advisability of purchasing any product or service offered by Pruco Life Insurance Company. BlackRock has no obligation or liability for any errors, omissions, interruptions, or use of the iShares® Russell 2000 ETF or any data related thereto, or in connection with the operation, marketing, trading, or sale of any Pruco Life Insurance Company product or service offered by Pruco Life Insurance Company.
All rights in the Russell® 2000 Index (the "Index") vest in the relevant LSE Group company which owns the Index. Russell® 2000 is a trademark of the relevant LSE Group company and is used by any other LSE Group company under license.
The Index is calculated by or on behalf of Frank Russell Company or its affiliate, agent, or partner. The LSE Group does not accept any liability whatsoever to any person arising out of (a) the use of, reliance, on or any error in the Index or (b) investment in or operation of Prudential FlexGuard® Income 2.0. The LSE Group makes no claim, prediction, warranty, or representation either as to the results to be obtained from Prudential FlexGuard® Income 2.0 or the suitability of the Index for the purpose to which it is being put by Pruco Life Insurance Company.
Invesco Capital Management LLC ("ICM") serves as sponsor of Invesco QQQ TrustSM, Series 1 ("Invesco QQQ ETF") and Invesco Distributors, Inc. ("IDI"), an affiliate of ICM, serves as distributor for Invesco QQQ ETF. The mark "Invesco" is the property of Invesco Holding Company Limited and is used under license. That trademark and the ability to offer a product based on Invesco QQQ ETF have been licensed for certain purposes by Pruco Life Insurance Company and its wholly owned subsidiaries and affiliates (collectively, "Prudential"). Products offered by Prudential are not sponsored, endorsed, sold, or promoted by ICM or Invesco Holding Company Limited, and purchasers of such products do not acquire any interest in Invesco QQQ ETF nor enter into any relationship with ICM or its affiliates. ICM makes no representations or warranties, express or implied, to the owners of any products offered by Prudential. ICM has no obligation or liability for any errors, omissions, interruptions, or use of Invesco QQQ ETF or any data related thereto, or with the operation, marketing, trading, or sale of any products or services offered by Prudential.
Nasdaq®, Nasdaq-100®, Nasdaq-100® Index, and QQQ®, are registered trademarks of Nasdaq, Inc. (which with its affiliates is referred to as the "Corporations") and are licensed for use for certain purposes by Pruco Life Insurance Company and its wholly owned subsidiaries and affiliates (collectively, "Prudential"). Prudential FlexGuard® Income 2.0 ("Product") has not been passed on by the Corporations as to their legality or suitability. The Product is not issued, endorsed, sold, or promoted by the Corporations. THE CORPORATIONS MAKE NO WARRANTIES AND BEAR NO LIABILITY WITH RESPECT TO THE PRODUCT(S).
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 Pruco Life Insurance Company and any related annuity contracts.
AB 500 Plus IndexSM is a mark owned by AllianceBernstein L.P. (“AB”), and has been licensed to Pruco Life Insurance Company (“Licensee”). The Prudential FlexGuard Income 2.0 registered index linked annuity to which this disclosure applies (the “Product”) has been developed solely by Licensee. The Product is not sponsored, endorsed, or promoted by AB, and AB bears no liability with respect to the Product or any index on which such Product is based. AB does not provide investment advice to the Product or Licensee, and in no event shall any contract owner of the Product be deemed to be a client of AB. The prospectus contains a more detailed description of the limited relationship AB has with Licensee and any related product.
The rules for computing the Index value include an annual 0.75% reduction. The published Index value is inclusive of this reduction.
The Dimensional International Equity Focus Index (the “Index”) is sponsored and published by Dimensional Fund Advisors LP (“Dimensional”). References to Dimensional include its respective directors, officers, employees, representatives, delegates, or agents. The use of “Dimensional” in the name of the Index and the related stylized mark(s) are service marks of Dimensional and have been licensed for use by Pruco Life Insurance Company (“PRUCO”). PRUCO has entered into a license agreement with Dimensional providing for the right to use the Index and related trademarks in connection with the FlexGuard Income 2.0 registered index linked annuity (the “Financial Product”). The Financial Product is not sponsored, endorsed, sold, or promoted by Dimensional, and Dimensional makes no representation regarding the advisability of the purchase of such Financial Product. Dimensional has no responsibilities, obligations, or duties to purchasers of the Financial Product, nor does Dimensional make any express or implied warranties, including, but not limited to, any warranties of merchantability or fitness for a particular purpose or use with respect to the Index. Dimensional does not guarantee the accuracy, timeliness, or completeness of the Index, or any data included therein or the calculation thereof or any communications with respect thereto. Dimensional has no liability for any errors, omissions, or interruptions of the Index or in connection with its use. In no event shall Dimensional have any liability of whatever nature for any losses, damages, costs, claims, and expenses (including any special, punitive, direct, indirect, or consequential damages [including lost profits]) arising out of matters relating to the use of the Index, even if notified of the possibility of such damages. Dimensional has provided PRUCO with all material information related to the Index methodology and the maintenance, operation, and calculation of the Index. Dimensional makes no representation with respect to the completeness of information related to the Index provided by PRUCO in connection with the offer or sale of any Financial Product. Dimensional has not published or approved this document, nor does Dimensional accept any responsibility for its contents or use.
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