ESI is happy to announce that Prudential’s FlexGuard Income 2.0 is now available. Prudential developed FlexGuard® Income 2.0 as the next generation of its FlexGuard® Income offering. It will replace FlexGuard Income in all states where Income 2.0 is approved.
FlexGuard Income: stability-first design
FlexGuard Income 2.0: flexibility + upside, but sequence-sensitive income
Core functionality remains the same; however, the FlexGuard Income 2.0 introduces an income rider that will adjust based on market performance, including the potential for income decreases following negative performance periods after lifetime income has been activated.
New business documentation should include a clear and specific rationale for recommending FlexGuard Income 2.0 and provide acknowledgement and client acceptance of income variability, including the potential for reduced income in adverse market conditions.
If there are additional questions on FlexGuard Income 2.0, please contact Prudential at 888-727-1268. For Suitability questions, please contact the Suitability team at 800-344-7437 Press 2 – then Press 5, then press 2 For DB Suitability or Case Preview. Alternatively, you can email the team for a preview by sending an email with the work item details to ESIDBPreview@nationallife.com.