Prudential Premier Retirement Variable Annuities

immediately preceding the end of its Guarantee Period are not subject to the Transfer Fee and are not counted toward the twenty
free transfers. Similarly, transfers made under our 6 or 12 Month DCA Program and transfers made pursuant to a formula used
with an optional benefit are not subject to the Transfer Fee and are not counted toward the twenty free transfers. Transfers made
through any electronic method or program we specify are not counted toward the twenty free transfers. The transfer fee is deducted
pro rata from all Sub-accounts in which you maintain Account Value immediately subsequent to the transfer.
Annual Maintenance Fee: Prior to Annuitization, we deduct an Annual Maintenance Fee. The Annual Maintenance Fee is equal
to $50 or 2% of your Unadjusted Account Value, whichever is less. This fee will be deducted annually on the anniversary of the
Issue Date of your Annuity or, if you surrender your Annuity during the Annuity Year, the fee is deducted at the time of surrender
unless the surrender is taken within 30 days of most recently assessed Annual Maintenance Fee. The fee is taken out first from the
Sub-accounts pro rata, and then from the MVA Options (if the amount in the Sub-accounts is insufficient to pay the fee). The
Annual Maintenance Fee is only deducted if the sum of the Purchase Payments at the time the fee is deducted is less than
$100,000. We do not impose the Annual Maintenance Fee upon Annuitization (unless Annuitization occurs on an Annuity
anniversary), or the payment of a Death Benefit. For Beneficiaries that elect the Beneficiary Continuation Option, the Annual
Maintenance Fee is the lesser of $30 or 2% of Unadjusted Account Value and is only assessed if the Unadjusted Account Value is
less than $25,000 at the time the fee is assessed. The amount of the Annual Maintenance Fee may differ in certain states.
Tax Charge: Some states and some municipalities charge premium taxes or similar taxes on annuities that we are required to pay.
The amount of tax will vary from jurisdiction to jurisdiction and is subject to change. We reserve the right to deduct the tax either
when Purchase Payments are received, upon surrender or upon Annuitization. If deducted upon Annuitization, we would deduct
the tax from your Unadjusted Account Value. The Tax Charge is designed to approximate the taxes that we are required to pay and
is assessed as a percentage of Purchase Payments, Surrender Value, or Account Value as applicable. The Tax Charge currently
ranges up to 3.5%. We may assess a charge against the Sub-accounts and the MVA Options equal to any taxes which may be
imposed upon the Separate Accounts. “Surrender Value” refers to the Account Value (which includes the effect of any MVA) less
any applicable CDSC, any applicable tax charges, any charges assessable as a deduction from the Account Value for any optional
benefits provided by rider or endorsement, and any Annual Maintenance Fee.
We will pay company income taxes on the taxable corporate earnings created by this Annuity. While we may consider company
income taxes when pricing our products, we do not currently include such income taxes in the tax charges you pay under the
Annuity. We will periodically review the issue of charging for these taxes, and we may charge for these taxes in the future. We
reserve the right to impose a charge for federal income taxes if we determine, in our sole discretion, that we will incur a tax as a
result of the operation of the Separate Account.
In calculating our corporate income tax liability, we may derive certain corporate income tax benefits associated with the
investment of company assets, including Separate Account assets, which are treated as company assets under applicable income tax
law. These benefits reduce our overall corporate income tax liability. We do not pass these tax benefits through to holders of the
Separate Account annuity contracts because (i) the contract Owners are not the Owners of the assets generating these benefits
under applicable income tax law and (ii) we do not currently include company income taxes in the tax charges you pay under
the Annuity.
Insurance Charge: We deduct an Insurance Charge daily based on the annualized rate shown in the “Summary of Contract Fees
and Charges.” The charge is assessed against the assets allocated to the Sub-accounts. The Insurance Charge is the combination of
the Mortality & Expense Risk Charge and the Administration Charge. The Insurance Charge is intended to compensate Pruco Life
for providing the insurance benefits under each Annuity, including each Annuity’s basic Death Benefit that provides guaranteed
benefits to your Beneficiaries even if your Account Value declines, and the risk that persons we guarantee annuity payments to will
live longer than our assumptions. The charge also covers administrative costs associated with providing the Annuity benefits,
including preparation of the contract and prospectus, confirmation statements, annual account statements and annual reports, legal
and accounting fees as well as various related expenses. Finally, the charge covers the risk that our assumptions about the mortality
risks and expenses under each Annuity are incorrect and that we have agreed not to increase these charges over time despite our
actual costs. Each Annuity has a different Insurance Charge during the first 9 Annuity Years. However, for the L Series, X Series,
and C Series, on the Valuation Day immediately following the 9 th Annuity Anniversary, the Insurance Charge drops to 1.30%
annually (the B Series Insurance Charge is a constant 1.30%).
Optional Benefits for which we assess a charge: If you elect to purchase optional benefits, we will deduct an additional charge.
For some optional benefits, the charge is assessed against your Account Value allocated to the Sub-accounts. These charges are
included in the daily calculation of the Unit price for each Sub-account. For certain other optional benefits, such as Highest Daily
Lifetime Income 2.0, the charge is assessed against the greater of the Unadjusted Account Value and the Protected Withdrawal
Value and is taken out of the Sub-accounts quarterly. Please refer to the section entitled “Summary of Contract Fees and Charges”
for the list of charges for each optional benefit.
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