Prudential FlexGuard Life IVUL
Life insurance that’s unique. Just like you.
You’re not like anyone else. That’s why FlexGuard® Life indexed variable universal life (IVUL) gives you and your financial professional more ways than traditional life insurance products to custom-craft your policy so it’s right for you.
First … what is indexed variable universal life insurance?
An indexed variable universal life policy offers death benefit protection as well as the opportunity to build cash value in a variety of ways, including crediting strategies based on the performance of an index, like the S&P 500®, as well as underlying investment options. An IVUL allows you to choose investment options with upside potential and some with levels of downside protection to fit your needs. Your cash value can be used for any reason through loans or withdrawals* to help meet your needs while you’re still living.
FlexGuard Life is an innovative approach to life insurance that offers a combination of:
Protection
Life insurance death benefit protection with options to choose a guarantee duration.
Growth
Multiple ways to grow cash values,* including our unique index strategies that offer levels of downside protection.
Access
Ability to access cash values* and living benefits you can use in the event of chronic or terminal illness.
How FlexGuard Life works
Choose the death benefit that’s right for you
FlexGuard offers you the opportunity to choose the amount and duration of death benefit to meet your individual needs and goals, whether it’s to help keep your family in their home or help children get a start on what they need to be successful—whatever is important to you.
Accumulate cash value three ways
FlexGuard Life offers a choice of cash value growth opportunities. These can be changed as your needs evolve over time:
Fixed
A fixed-rate option for low-risk, steady growth.
Index Strategies**
Index strategies that can help grow your policy’s cash value in up markets and provide levels of protection, called buffers and floors, in downturns.
Variable
Variable investment options for the highest upside potential as well as the potential for loss.
Levels of protection are available through floors and buffers on index-crediting strategies only. Variable investment options are available but do not offer protection levels.
Use your cash value when you need it
Typically, life insurance benefits are paid to your beneficiaries when you pass away. But your policy can also provide benefits you can use while you are alive, such as the ability to access* any cash value that builds up in the policy. FlexGuard Life allows you to access the accumulated cash value in your policy for any purpose.
Footnote:
* Access to cash values is through policy loans and withdrawals. Unpaid loans and withdrawals reduce cash values and death benefits; may reduce the duration of the guarantee against lapse, which may lapse the policy; and may have tax consequences.
** It is not possible to invest directly in an index. The index interest-crediting strategies require the investor to remain until end of the Index Strategy Term.
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Disclosure
INVESTMENT AND INSURANCE PRODUCTS ARE:
- NOT FDIC INSURED
- NOT INSURED BY ANY FEDERAL GOVERNMENT AGENCY
- NOT A DEPOSIT OR OTHER OBLIGATION OF, OR GUARANTEED BY, ANY BANK OR ITS AFFILIATES
- SUBJECT TO INVESTMENT RISKS, INCLUDING POSSIBLE LOSS OF THE PRINCIPAL AMOUNT INVESTED
Index-linked variable universal life products are complex insurance and investment vehicles and are long-term investments designed to provide death benefit protection with cash value accumulation potential. 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. Unpaid loans and withdrawals reduce cash values and death benefits; may reduce the duration of the guarantee against lapse, which may lapse the policy; and may have tax consequences. Please reference the prospectus for information about the levels of protection available and other important product information.
You should consider the investment objectives, risks, and charges and expenses carefully before investing in the contract and/or underlying portfolios. The initial summary prospectus for the contract, the prospectus for the index strategies, and the prospectus or summary prospectus for the underlying portfolios (collectively, the “prospectuses”) contain this information as well as other important information. A copy of the prospectuses may be obtained from the prospectus page or your financial professional. You should read the prospectuses carefully before investing.
It is possible to lose money by investing in securities.
Prudential FlexGuard® Life (IVUL-2022 or IVUL-2024) is issued by Pruco Life Insurance Company and offered through Pruco Securities, LLC (member SIPC). Both are Prudential Financial companies located in Newark, NJ.
FlexGuard Life is also offered by broker-dealers who have an agreement with Pruco Securities, LLC. The contract number is IVUL-2022 or IVUL-2024 and may be followed by a state code.
FlexGuard and all product features are not approved for use in all states or through all broker-dealers. Not available in New York.
The rider form numbers may all be followed by a state code:
- Accidental Death Benefit: VL 110 B-2000 (Not available in MA)
- BenefitAccess Rider: ICC18 VL 145 B6-2018 or VL 145 B6-2018 In CA: VL 145 B3-2014 (ED 2015)
- Children Level Term: ICC16 VL 182 B-2016 or VL 182 B-2016
- Enhanced Cash Value Rider: ICC18 PLI 496-2018 or PLI 496-2018
- Enhanced Disability Benefit: ICC17 VL 100 B-2017 or VL 100 B-2017
- Extended No-Lapse Guarantee Rider: RID-NLG-2022 with rider data pages RID-NLG-CD-2022
- Extended Plus No-Lapse Guarantee Rider: RID-NLG-2022 with rider data pages RID-NLG-PLUS-CD-2022
- Living Needs BenefitSM: ORD 87241-90-P (Not available in WA)
- Overloan Protection Rider: ICC17 PLI 552-2017 or PLI 552-2017
The purpose of purchasing this life insurance policy is to provide a death benefit (the amount of money paid upon your death) to beneficiaries you select.
FlexGuard Life offers No-Lapse Guarantee periods up to and including your lifetime. These guarantees help ensure that your policy will remain in place for a specific period of time based on the premiums you pay. Generally, your guarantee period can be affected by:
- The amount of your premium payments.
- The timing of your premium payments.
- The number of your premium payments.
- The cash value of your policy, by reducing it through policy loans or withdrawals.
Please note that, if you only pay the minimum premium required for a guarantee, you may be forgoing the potential to build tax-deferred cash value.
It is important that you pay your planned premiums when they are due. Missed or late payments may shorten or eliminate the policy’s guarantees. Payments to restore the guarantee may be higher than those you were originally paying. Once your guarantee period ends, you may have to pay additional premiums to keep your policy in force.
All guarantees and benefits of the insurance policy are backed by the claims-paying ability of Pruco Life Insurance Company, and do not apply to the underlying investment options. Policy guarantees and benefits are not backed by the broker-dealer and/or insurance agency selling the policy, nor by any of their affiliates, and none of them makes any representations or guarantees regarding the claims-paying ability of the issuing insurance company.
Our policies contain exclusions, limitations, reductions in benefits, and terms for keeping them in force. A financial professional can provide you with costs and complete details.
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