That flexibility can come from making smart choices, like having a life insurance policy that can grow cash value without the worry of market risk and that has options for when life goes off plan.
Prudential Momentum IUL is a flexible premium indexed universal life insurance product. It offers interest crediting through either a fixed interest account or through four indexed accounts that credit interest based on the performance of the S&P 500 Index or Nasdaq-100 . This product is ideally suited for those consumers seeking death benefit protection and the ability to help supplement their retirement income through a life insurance strategy.
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To learn more about Momentum IUL or to receive a personalized illustration, contact your Prudential wholesaler or call the National Sales Desk at 800-800-2738, Option 1.
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Prudential Momentum IUL is issued by Pruco Life Insurance Company and, in New York, by Pruco Life Insurance Company of New Jersey. Both are Prudential Financial companies located in Newark, NJ. Guarantees are based on the claims-paying ability of the issuing insurance company. 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. The S&P 500 Index is a product of S&P Dow Jones Indices LLC (“SPDJI”) and has been licensed for use by The Prudential Insurance Company of America for itself and affiliates including Pruco Life Insurance Company and Pruco Life Insurance Company of New Jersey (collectively “Pruco Life”). 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. Pruco Life’s products are not sponsored, endorsed, sold, or promoted by SPDJI, Dow Jones, S&P, or their respective affiliates and none of such parties make any representation regarding the advisability of purchasing such Product(s) nor do they have any liability for any errors, omissions, or interruptions of the S&P 500 Index. S&P 500 index values are exclusive of dividends. Nasdaq , Nasdaq-100 , Nasdaq-100 Index , are registered trademarks of Nasdaq, Inc. (which with its affiliates is referred to as the “Corporations”) and are licensed for use by The Prudential Insurance Company of America for itself and affiliates. The Product(s) have not been passed on by the Corporations as to their legality or suitability. The Product(s) are not issued, endorsed, sold, or promoted by the Corporations. The Corporations make no warranties and bear no liability with respect to the Product(s). This material is being provided for informational or educational purposes only and does not consider 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 about their particular investment needs should contact a financial professional. It is not possible to invest directly in an index. © 2024 Prudential Financial, Inc. and its related entities. Prudential, the Prudential logo, and the Rock symbol are service marks of Prudential Financial, Inc. and its related entities, registered in many jurisdictions worldwide. For Financial Professional Use Only. Not For Use With the Public. ISG_DG_ILI471_01 1081345-00001-00 Ed. 08/2024
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It offers upside potential through a variety of indexed accounts plus downside protection with 0% floors on those accounts.
It is possible to lose money by investing in securities.
Momentum IUL is Prudential’s newest indexed universal life product. Its accumulation-focused design is geared for clients who seek death benefit protection plus cash value growth potential.
Momentum IUL is an accumulation-focused IUL that can help clients protect what matters most while having options to grow cash value in the policy:
Potential to accumulate tax-advantaged cash values with options to adapt the policy as life changes
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In addition to providing a death benefit, this policy offers protection against market losses with 0% floors in its variety of indexed accounts.
Momentum IUL offers the opportunity to choose the amount and type of the death benefit protection.
The death benefit proceeds will generally equal the face amount plus the Contract Fund, minus any outstanding loans. Can be changed to Type A.
The death benefit generally varies in direct relation to total premiums paid into the contract, minus any withdrawals.
The amount, timing, and number of premium payments will impact the No-Lapse Guarantee; as will any loans and withdrawals. Longer Lapse Protection option is provided by the Extended NLG Rider or Extended Plus NLG Rider.
for steady, low-risk growth
6 mo. S&P 500 Capped Indexed Account for early crediting and compounding, for volatile markets 1 yr. S&P 500 Capped Indexed Account 1 yr. Nasdaq-100 Capped Indexed Account
1 yr. S&P 500 Uncapped Indexed Account for the highest upside potential of the indexed account choices
Clients can choose from a variety of durations, capped, and uncapped options for the S&P 500 Index or the Nasdaq-100 to design their growth strategy. Plus, they can earn a persistency credit in later years to boost performance.
Graph shows a line graph showing the one-year index return, one-year capped index interest credited with a 10 percent cap, and uncapped index interest credited with a 60 percent participation, over three years, and highlights where a 10 percent cap and zero percent floor sit, when applicable. The one-year index return is around six percent in year one, minus 10 percent in year two, and 25 percent in year three. Because of the cap and floor, the one-year capped index interest credited stays between zero and 10 percent, at around six percent in year one, zero percent in year two, and 10 percent in year three. The uncapped index interest credited with a 60 percent participation ranged from around four percent in year one, zero percent in year two, and 15 percent in year three. Accompanying text describes why this occurs.
70% of the index return
Flat 8%
Greater of
Buffer eliminates the initial 10% of loss
1 Year S&P 500 Step Rate Plus with 10% Buffer Index Strategy
In this example, if the index return is positive, then the interest rate credited is the greater of 8% or 70% of the index return.
When the index return is negative, the loss that impacts the index strategy value is always the negative index return less 10%.
Losses after the initial 10% will negatively impact the index segment value.
Caps growth rate at 18%
1 Year S&P 500 Cap Rate with 10% Buffer Index Strategy
In this example, if the index return is positive, then the interest rate credited is point-to-point to the index return rate up to the Cap Growth Rate.
These examples are hypothetical and for illustrative purpose only.
Caps growth rate at 6%
Limits negative returns to 0%
1 Year S&P 500 Cap Rate 0% Floor Index Strategy
In this example, if the index return is positive, then the interest credited is point-to-point to the index return rate until it is capped at the cap rate.
A static chart illustrates that when the index return is positive, the 1 Year S&P 500 Cap Rate, 0% Floor Index Strategy credits growth up to a cap rate of 6%. When the index return is negative, the floor limits the negative return to 0%.
0%
Negative index return
Positive index return
Although past performance does not predict future results, the history can help you better understand the differences among the indexes.
History of S&P 500 and Nasdaq Index Returns
When the index return is negative, then a 0% Floor sets the maximum loss at 0%.
A static chart illustrates that when the index return is positive, the 1 Year S&P 500 Cap Rate with 10% Buffer Index Strategy credits growth up to a cap rate of 10%. When the index return is negative, the buffer eliminates the initial 10% of loss.
A static chart illustrates that when the index return is positive, the 1 Year S&P 500 Step Rate Plus with 10% Buffer Index Strategy credits credits 70% of the index return, or a flat 8%, whichever is greater. When the index return is negative, the buffer eliminates the initial 10% of loss.
*The BenefitAccess Rider is an optional rider that accelerates the life insurance death benefit when the insured is terminally ill or is chronically ill as defined in the rider. It is not Long-Term Care (LTC) insurance. Benefits received under the rider will reduce and may deplete the death benefit. Electing the BenefitAccess Rider results in an additional charge and underwriting requirements. Some benefit payments may be subject to a fee. Other terms and conditions apply and can vary by state. Clients should consult their tax and legal advisors.
Living Needs Benefit
(available at no additional charge)
Lets clients accelerate the death benefit if they become terminally ill or, in some states, if they will be confined to a nursing home for six months or more.
Lets clients accelerate the death benefit if they become chronically or terminally ill, subject to the terms and conditions of the rider.
(available at an additional charge)
*
Clients can access the money that would otherwise go to their beneficiaries when they pass away. Although it will reduce the amount beneficiaries ultimately receive, these riders offer additional flexibility and value.
* Outstanding loans and withdrawals will reduce policy cash values and the death benefit and may have tax consequences. Unpaid loans and withdrawals may reduce the duration of the guarantee against lapse, which may lapse the policy, and may have tax consequences.
are charged interest at a guaranteed declared rate not to exceed the fixed account rate plus 1.00%. Any money borrowed continues to earn interest as if it were never borrowed.
are charged interest of 2.00% in the first 10 years and 1.05% after that. They are credited back at 1.00%.
** The BenefitAccess Rider is an optional rider that accelerates the life insurance death benefit when the insured is terminally ill or is chronically ill as defined in the rider. It is not Long-Term Care (LTC) insurance. Benefits received under the rider will reduce and may deplete the death benefit. Electing the BenefitAccess Rider results in an additional charge and underwriting requirements. Some benefit payments may be subject to a fee. Other terms and conditions apply and can vary by state. Clients should consult their tax and legal advisors.
Lets clients accelerate the death benefit if they become chronically or terminally ill, subject to the terms and conditions of the rider.**
Clients can take two types of loans, one of which lets them continue to earn interest on borrowed funds:
Momentum IUL allows clients to access the accumulated cash value in their policy to use for anything they choose, like supplemental retirement income.
Can be changed to Type B.
The amount payable at death is generally equal to the face amount, minus any outstanding loans.
Death benefit protection with options to guard against market losses and policy lapse
And the death benefit includes a limited guarantee against lapse regardless of how the indexed accounts perform. This guarantee may last up to 20 years or to age 70, whichever comes first; it will never be less than 10 years.
Can be changed to Type A or B (but cannot be changed back to C).
Momentum IUL also offers two optional living benefit riders for chronic and terminal illness that include accelerating the death benefit.
Alt text required for the chart below
*Source: S&P 500 & Nasdaq 100 performance information provided by Bloomberg.
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The 1 yr. options can lead to higher returns due to higher caps. The 6-month option allows clients to see a full segment’s returns before the end of the first year. With the 6-month option, earned interest from the first segment is applied to the start of the second segment, giving clients the possibility of compound interest.
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Clients can access their cash value via withdrawals and fixed or participating policy loans.* The policy cash value is typically accessed on a tax-advantaged basis.
Each option offers benefits. For example: • The 1 yr. options can lead to higher returns due to higher caps. • The 6-month option allows clients to see a full segment’s returns before the end of the first year. • With the 6-month option, earned interest from the first segment is applied to the start of the second segment, giving clients the possibility of compound interest.
As an index's returns fluctuate over time, the cap defines maximum credits and the floor protects the account from losses. Here is a hypothetical example of that happening over three years:
This product is an attractive option for clients who seek death benefit protection with the ability to accumulate cash value without the stress of being exposed to negative market-related returns. It's a strong choice for those who want a tax-advantaged option for potential supplemental retirement income or for certain advanced planning strategies.
We've identified three audiences who are most likely to respond favorably to Momentum IUL:
The Accumulator
The Adapter
The Advanced Strategist
likely to find Step Rate Plus or variable investment options attractive for growth potential
seeks an alternative to tapping into taxable investments to pay for an unexpected large expense or when market downturns have impacted other investments
likely to want to enhance growth potential and reduce potential losses with buffered index strategies
• benefits for chronic or terminal illness available through optional riders
General Audience
• no risk of market-related losses
• the ability to use life insurance as part of a tax-advantaged income strategy
• cost-effective protection
Excited at the potential of tax-advantaged supplemental retirement income
Has a fully funded retirement plan
May like the built-in guarantee for protection while cash value is growing
Wants cost-effective death benefit protection
Likely young, healthy, and successful
pursues a tax-advantaged pool of funds to access when managing retirement income
cares about death benefit and living benefits
sees the importance of having permanent life insurance
may want to extend death benefit guarantee
is an individual or business owner seeking tax-advantaged solutions for strategies such as split dollar, executive bonus, premium finance, or mirrored loan opportunities
may be concerned about taxes and market volatility
sees the value of permanent life insurance
Download our Accelerator Case Study
Download our Legacy Provider Case Study
desires an option to avoid depleting taxable investments for chronic or terminal illness needs and appreciates the ability to accelerate the tax-free death benefit
PPrudential Momentum IUL is issued by Pruco Life Insurance Company and, in New York, by Pruco Life Insurance Company of New Jersey. Both are Prudential Financial companies located in Newark, NJ. Guarantees are based on the claims-paying ability of the issuing insurance company. 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. The S&P 500 Index is a product of S&P Dow Jones Indices LLC (“SPDJI”) and has been licensed for use by The Prudential Insurance Company of America for itself and affiliates including Pruco Life Insurance Company and Pruco Life Insurance Company of New Jersey (collectively “Pruco Life”). 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. Pruco Life’s products are not sponsored, endorsed, sold, or promoted by SPDJI, Dow Jones, S&P, or their respective affiliates and none of such parties make any representation regarding the advisability of purchasing such Product(s) nor do they have any liability for any errors, omissions, or interruptions of the S&P 500 Index. S&P 500 index values are exclusive of dividends. Nasdaq , Nasdaq-100 , Nasdaq-100 Index , are registered trademarks of Nasdaq, Inc. (which with its affiliates is referred to as the “Corporations”) and are licensed for use by The Prudential Insurance Company of America for itself and affiliates. The Product(s) have not been passed on by the Corporations as to their legality or suitability. The Product(s) are not issued, endorsed, sold, or promoted by the Corporations. The Corporations make no warranties and bear no liability with respect to the Product(s). This material is being provided for informational or educational purposes only and does not consider 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 about their particular investment needs should contact a financial professional. It is not possible to invest directly in an index. © 2024 Prudential Financial, Inc. and its related entities. Prudential, the Prudential logo, and the Rock symbol are service marks of Prudential Financial, Inc. and its related entities, registered in many jurisdictions worldwide. For Financial Professional Use Only. Not For Use With the Public. ISG_DG_ILI471_01 1081345-00001-00 Ed. 08/2024
• Those looking for protection plus supplemental retirement income • Clients focused on protection plus tax-advantaged growth potential • Those with more advanced strategy needs like executive compensation, premium financing, or mirrored loans Learn about each one to engage them in productive conversations.
cost-effective protection
Explore robust resources designed to support you through every step of the Momentum IUL sales process.
LifeInsight
• Policy Performance Review––access and review policy performance with real-time values and interactive graphics. • Notifications and Alerts––identify upcoming actions with illustrated announcements. • LifeInsight Summary––conduct meaningful conversations with consolidated policy overviews. • Scenario Builder––illustrate, review, and compare different scenarios on permanent contracts.
Visit LifeInsight
Visit eCapabilities
Help clients better understand how the Momentum IUL indexed account options operate with hypothetical examples and a history of the markets.
Illustrates how the Momentum IUL indexed accounts work.
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Help clients understand the indexed account options to help them make an informed buying decision.
Current indexed account options & rates.
Share this brochure with clients to help explain the features and benefits of Momentum IUL.
This detailed brochure explains how clients can customize their death benefit protection, indexed accounts, and living benefits.
Indexed Accounts Rate Card
Consumer Brochure
Salene Hitchcock shares a brief message on why Prudential is embracing innovation.
Transcript
Learn more about the product's features and benefits.
• eSubmission: Less paperwork for you and for clients and higher In Good Order rates. • eInterview: More convenient than a phone interview, so clients will complete this step more quickly. • eReview with PruFast Track: Accelerated underwriting with no medical exams or blood tests can help get clients approved in days, not weeks. • eDelivery: After we receive eSignatures, the policy will be automatically returned for placement.
eCapabilities by Prudential is a seamless digital experience from start to finish for you and for clients.
LifeInsight is our patented, interactive policy management tool that simplifies monitoring policy goals, assumptions, and performance.
Risk Tolerance & History Approach
Case Design Guide
Fast Facts Flyer
Learn how FlexGuard Life IVUL may be the "just right" choice when compared with IUL and traditional VUL products.
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See how Momentum IUL compares to competitors on key points.
See how the product compares to our top accumulation IUL competitors.
Goldilocks and the 3 ULs
[Competitive Edge]
Interactive Tool (modeling tool for consumers – Pru.com - TBD)
Fast Facts
Indexed Accounts in Action
Fixed & Participating Loans
Compensation Options
[Index Performance Comparison]
Learn more about a choice in compensation options that you may have for Momentum IUL.
Learn more about the Fixed and Participating loan options.
Competitive Edge
