Prudential Premier Retirement Variable Annuities

when an MVA is assessed (regardless of whether the MVA is positive or negative) and, relative to when no Liquidity Factor is
applied, will reduce the amount being surrendered or transferred from the MVA Option. If we have no interest rate for a Guarantee
Period equal in duration to the time remaining under the Guarantee Period, we may use certain US Treasury interest rates to
calculate a proxy for that interest rate. All else being equal, the longer the time remaining until the maturity of the MVA Option
from which you are making the withdrawal, the larger the mathematical power that is applied to the quotient in (i) above, and thus
the larger the MVA itself. The formula for the DCA MVA Option works in a similar fashion, including the Liquidity Factor
described above, except that both interest rates used in the MVA formula are derived directly from the Federal Reserve’s “Constant
Maturity (CMT) rate.” Under either formula, the MVA may be positive or negative, and a negative MVA could result in a loss of
interest previously earned as well as some portion of your Purchase Payments.
LONG-TERM MVA OPTIONS
We offer Long-Term MVA Options, offering a range of durations. When you select this option, your payment will earn interest at
the established rate for the applicable Guarantee Period. A new Long-Term MVA Option is established every time you allocate or
transfer money into a Long-Term MVA Option. You may have money allocated in more than one Guarantee Period at the same
time. This could result in your money earning interest at different rates and each Guarantee Period maturing at a different time.
While the interest rates we credit to the MVA Options may change from time to time, the minimum interest rate is what is set forth
in your Annuity.
We retain the right to limit the amount of Account Value that may be transferred into a new or out of an existing a Long-Term
MVA Option and/or to require advance notice for transfers exceeding a specified amount. In addition, we reserve the right to limit
or restrict the availability of certain Guarantee Periods from time to time.
DCA MVA OPTIONS
In addition to the Long-Term MVA Options, we offer DCA MVA Options that are used with our 6 or 12 Month DCA Program.
Amounts allocated to the DCA MVA Options earn the declared rate of interest while the amount is transferred over a 6 or
12 month period into the Sub-accounts that you have designated. Because the interest we credit is applied against a balance that
declines as transfers are made periodically to the Subaccounts, you do not earn interest on the full amount you allocated initially to
the DCA MVA Options. A dollar cost averaging program does not assure a profit, or protect against a loss. For a complete
description of our 6 or 12 month DCA Program, see the applicable section of this prospectus within the section entitled “Managing
Your Account Value.”
GUARANTEE PERIOD TERMINATION
An MVA Option ends on the earliest of (a) the “Maturity Date” of the Guarantee Period (b) the date the entire amount in the MVA
Option is withdrawn or transferred (c) the Annuity Date (d) the date the Annuity is surrendered and (e) the date as of which a Death
Benefit is determined, unless the Annuity is continued by a spousal Beneficiary. “Annuity Date” means the date on which we apply
your Unadjusted Account Value to the applicable annuity option and begin the payout period. As discussed in the Annuity Options
section, there is an age by which you must begin receiving annuity payments, which we call the “Latest Annuity Date.”
We will notify you before the end of the Guarantee Period. You may elect to have the value of the Long-Term MVA Option on its
Maturity Date transferred to any Investment Option, including any Long-Term MVA Option, we then make available. If we do not
receive instructions from you in Good Order at our Service Office before the Maturity Date of the Long-Term MVA Option,
regarding how the Account Value in your maturing Long-Term MVA Option is to be allocated, we will allocate the Account Value
in the maturing Long-Term MVA Option to the AST Money Market Sub-account, unless the Maturity Date is the Annuity Date.
We will not assess an MVA if you choose to renew an MVA Option on its Maturity Date or transfer the Account Value to another
Investment Option on the Maturity Date (or at any time during the 30 days immediately preceding the Maturity Date).
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