Prudential Improves Caps on IUL & IVUL Products

Written By Jon Gold

From Prudential:

At Prudential we are committed to maintaining financial discipline and continue to review hedge budgets and hedge costs that impact index accounts offered on IUL and IVUL products. Due to hedge cost changes and hedge budget improvements, many of our IUL index accounts will get higher caps starting in July.

Highlights Include: 

  • IAUL (August 2020), S&P 500 Index Account; +0.75%

  • SIUL (January 2019),

    • S&P 500 Index Account; +0.75%

    • SIUL (January 2019), S&P 500 Index Account with Multiplier; +0.50%

  • Founders Plus (April 2023),

    • S&P 500 Index Account; +0.50%

    • GSV Uncapped Account, Daily Interest Advantage; +0.15%

  • Custom Premier II (October 2023), S&P 500 Index Account; +0.50%

  • FlexGuard Life (2022), 1 yr. S&P 500 Index Strategy; +0.75%

Other available strategies remain unchanged. Similar improvements are seen throughout previously sold versions of the products listed above that offer the same crediting strategy. These changes will be effective for index segments starting July 15, 2024. Please follow this link for the complete July 15, 2024 rate update.

Jon Gold
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