Prudential Premier Retirement Variable Annuities

What are the charges for the optional Death Benefits?
For elections of the Highest Anniversary Value Death Benefit and the Combination 5% Roll-Up and HAV Death Benefit, we
impose a charge equal to 0.40% and 0.80%, respectively, per year of the average daily net assets of the Sub-accounts. We deduct
the charge for each of these benefits to compensate Pruco Life for providing increased insurance protection under the optional
Death Benefits. The additional annualized charge is deducted daily against your Account Value allocated to the Sub-accounts.
Can I terminate the optional Death Benefits?
The Highest Anniversary Value Death Benefit and the Combination 5% Roll-up and HAV Death Benefit may not be terminated by
you once elected. Each optional Death Benefit will terminate upon the first to occur of the following:
▪ the date that the Death Benefit is determined, unless the Annuity is continued by a spouse Beneficiary;
▪ upon your designation of a new Owner or Annuitant who, as of the effective date of the change, is older than the age at
which we would then issue the Death Benefit (or if we do not then consent to continue the Death Benefit);
▪ upon the Annuity Date;
▪ upon surrender of the Annuity; or
▪ if your Account Value reaches zero (which can happen if, for example, you are taking withdrawals under an optional living
benefit).
Where an Annuity is structured so that it is owned by a grantor trust but the Annuitant is not the grantor, then the Annuity is
required to be surrendered upon the death of the grantor if the grantor pre-deceases the Annuitant under Section 72(s) of the Code.
Under this circumstance, the Account Value will be paid out to the Beneficiary, and is not eligible for the Death Benefit provided
under the Annuity.
Upon termination, we cease to assess the fee for the optional Death Benefit.
Spousal Continuation of Annuity
Unless you designate a Beneficiary other than your spouse, upon the death of either spousal Owner, the surviving spouse may elect
to continue ownership of the Annuity instead of taking the Death Benefit payment. The Unadjusted Account Value as of the date of
Due Proof of Death will be equal to the Death Benefit that would have been payable. Any amount added to the Unadjusted
Account Value will be allocated to the Sub-accounts (if you participate in an optional living benefit, such amount will not be
directly added to any bond portfolio Sub-account used by the benefit, but may be reallocated by the predetermined mathematical
formula on the same day). No CDSC will apply to Purchase Payments made prior to the effective date of a spousal continuance.
However, any additional Purchase Payments applied after the date the continuance is effective will be subject to all provisions of
the Annuity, including the CDSC when applicable.
Subsequent to spousal continuation, the basic Death Benefit will be equal to the greater of:
▪ The Unadjusted Account Value on the effective date of the spousal continuance, plus all Purchase Payments you have
made since the spousal continuance (excluding any Purchase Credits) until the date of Due Proof of Death, reduced
proportionally by the ratio of the amount of any withdrawal to the Account Value immediately prior to the withdrawal; and
▪ The Unadjusted Account Value on Due Proof of Death of the surviving spouse (less the amount of any Purchase Credits
applied during the period beginning 12-months prior to the decedent's date of death, and ending on the date we receive Due
Proof of Death with respect to the X Series).
With respect to Highest Daily Lifetime Income 2.0 with HD DB and Spousal Highest Daily Lifetime Income 2.0 with HD DB:
▪ If the Highest Daily Death Benefit is not payable upon the death of a Spousal Designated Life, and the Remaining
Designated Life chooses to continue the Annuity, the benefit will remain in force unless we are instructed otherwise.
▪ If a Death Benefit is not payable upon the death of a Spousal Designated Life (e.g., if the first of the Spousal Designated
Lives to die is the Beneficiary but not an Owner), the benefit will remain in force unless we are instructed otherwise.
Spousal continuation is also permitted, subject to our rules and regulatory approval, if the Annuity is held by a custodial account
established to hold retirement assets for the benefit of the natural person Annuitant pursuant to the provisions of Section 408(a) of
the Code (“Custodial Account”) and, on the date of the Annuitant's death, the spouse of the Annuitant is (1) the Contingent
Annuitant under the Annuity and (2) the Beneficiary of the Custodial Account. The ability to continue the Annuity in this manner
will result in the Annuity no longer qualifying for tax deferral under the Code. However, such tax deferral should result from the
ownership of the Annuity by the Custodial Account. Please consult your tax or legal advisor.
Any Optional Death Benefit in effect at the time the first of the spouses dies will continue only if spousal assumption occurs prior
to the Death Benefit Target Date and prior to the assuming spouse’s 80th birthday. If spousal assumption occurs after the Death
Benefit Target Date (or the 80th birthday of the assuming spouse), then any Optional Death Benefit will terminate as of the date of
spousal assumption. In that event, the assuming spouse’s Death Benefit will equal the basic Death Benefit.
We allow a spouse to continue the Annuity even though he/she has reached or surpassed the Latest Annuity Date. However, upon
such a spousal continuance, annuity payments would begin immediately.
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