Prudential Premier Retirement Variable Annuities

More documents

Recommendations

Info

Cost Averaging, auto rebalancing, and the Custom Portfolios Program in quarterly statements instead of confirming them immediately. You should review the information in these statements carefully. You may request additional reports or copies of reports previously sent. We reserve the right to charge $50 for each such additional or previously sent report, but may waive that charge in the future. We will also send an annual report and a semi-annual report containing applicable financial statements for the portfolios to Owners or, with your prior consent, make such documents available electronically through our Internet Website or other electronic means. DISTRIBUTION OF ANNUITIES OFFERED BY PRUCO LIFE Prudential Annuities Distributors, Inc. (PAD), a wholly-owned subsidiary of Prudential Annuities, Inc., is the distributor and principal underwriter of the annuities offered through this prospectus. PAD acts as the distributor of a number of annuity and life insurance products. PAD's principal business address is One Corporate Drive, Shelton, Connecticut 06484. PAD is registered as a broker-dealer under the Securities Exchange Act of 1934 (Exchange Act), and is a member of the Financial Industry Regulatory Authority (FINRA). Each Annuity is offered on a continuous basis. PAD enters into distribution agreements with broker/dealers who are registered under the Exchange Act and with entities that may offer the Annuities but are exempt from registration (firms). Applications for each Annuity are solicited by registered representatives of those firms. In addition, PAD may offer the Annuity directly to potential purchasers. Under the selling agreements, commissions are paid to firms on sales of the Annuity according to one or more schedules. The registered representative will receive all or a portion of the compensation, depending on the practice of his or her firm. Commissions are generally based on a percentage of Purchase Payments made, up to a maximum of 6.0% for the X Series, 7.0% for the B Series, 5.50% for the L Series and 2.0% for the C Series. Alternative compensation schedules are available that generally provide a lower initial commission plus ongoing quarterly compensation based on all or a portion of Unadjusted Account Value. We may also provide compensation to the distributing firm for providing ongoing service to you in relation to the Annuity. Commissions and other compensation paid in relation to the Annuity do not result in any additional charge to you or to the Separate Account. Compensation varies by Annuity product, and such differing compensation could be a factor in which Annuity a Financial Professional recommends to you. In addition, in an effort to promote the sale of our products (which may include the placement of Pruco Life and/or the Annuity on a preferred or recommended company or product list and/or access to the firm's registered representatives), we or PAD may enter into compensation arrangements with certain broker/dealers firms with respect to certain or all registered representatives of such firms under which such firms may receive separate compensation or reimbursement for, among other things, training of sales personnel and/or marketing and/or administrative services and/or other services they provide to us or our affiliates. These services may include, but are not limited to: educating customers of the firm on the Annuity's features; conducting due diligence and analysis; providing office access, operations and systems support; holding seminars intended to educate registered representatives and make them more knowledgeable about the Annuities; providing a dedicated marketing coordinator; providing priority sales desk support; and providing expedited marketing compliance approval and preferred programs to PAD. We or PAD also may compensate third-party vendors, for services that such vendors render to broker-dealer firms. To the extent permitted by the FINRA rules and other applicable laws and regulations, PAD may pay or allow other promotional incentives or payments in the forms of cash or non-cash compensation (e.g., gifts, occasional meals and entertainment, sponsorship of training and due diligence events). These arrangements may not be offered to all firms and the terms of such arrangements may differ between firms. In addition, we or our affiliates may provide such compensation, payments and/or incentives to firms arising out of the marketing, sale and/or servicing of variable annuities or life insurance offered by different Prudential business units. The list below identifies three general types of payments that PAD pays which are broadly defined as follows: ▪ Percentage Payments based upon “Assets under Management” or “AUM”: This type of payment is a percentage payment that is based upon the total assets, subject to certain criteria in certain Pruco Life products. ▪ Percentage Payments based upon sales: This type of payment is a percentage payment that is based upon the total amount of money received as Purchase Payments under Pruco Life annuity products sold through the firm (or its affiliated broker-dealers). ▪ Fixed Payments: These types of payments are made directly to or in sponsorship of the firm (or its affiliated brokerdealers). Examples of arrangements under which such payments may be made currently include, but are not limited to: sponsorships, conferences (national, regional and top producer), speaker fees, promotional items and reimbursements to firms for marketing activities or services paid by the firms and/or their registered representatives. The amount of these payments varies widely because some payments may encompass only a single event, such as a conference, and others have a much broader scope. In addition, we may make payments periodically during the relationship for systems, operational and other support. The list below includes the names of the firms (or their affiliated broker/dealers) that we are aware (as of December 31, 2011) received payment with respect to our annuity business generally during 2011 (or as to which a payment amount was accrued during 2011). The firms listed below include those receiving payments in connection with marketing of products issued by Pruco Life Insurance Company and Pruco Life Insurance Company of New Jersey. Your registered representative can provide you with more information about the compensation arrangements that apply upon request. During 2011, the least amount paid, and greatest 126
amount paid, were $19.35 and $6,443,077.91, respectively. Each of these Annuities also is distributed by other selling firms that previously were appointed only with our affiliate Prudential Annuities Life Assurance Corporation (“PALAC”). Such other selling firms may have received compensation similar to the types discussed above with respect to their sale of PALAC annuities. In addition, such other selling firms may, on a going forward basis, receive substantial compensation that is not reflected in this 2011 retrospective depiction. Name of Firm: 1 st Global Capital Corp. 1934 Group Aaron Industries Advantage Fire Sprinkler Co. Aegon Transamerica A.G. Edwards & Sons, Inc. Afore ING AIG Financial Advisors Inc Allen & Company of Florida, Inc. Alliance Bernstein L.P. Allstate Financial Srvcs, LLC American Century American Independent Marketing AMERICAN PORTFOLIO FIN SVCS INC Ameriprise Financial, Inc. Total Ameritas Investment Corp. ANCHOR BAY SECURITIES, LLC ARETE WEALTH MANAGEMENT Arlington Securities, Inc. Arque Capital, Ltd. ARVEST ASSET MANAGEMENT ASKAR CORPORATION AUSDAL FINANCIAL PARTNERS, INC. AXA Advisors, LLC BancorpSouth Investment Services, Inc. Banc of America Invest.Svs(SO) BBVA Compass Investment Solutions, Inc. Ballew Investments Bank of the West Battery Ventures BB&T Investment Services, Inc. BCG Companies BCG Securities, Inc. Beaconsfield Financial Services Berthel Fisher & Company BlackRock Financial Management Inc. Broker Dealer Financial Services Brookstone Financial Services Brown Builders Cadaret, Grant & Co., Inc. Calton & Associates, Inc. Cambridge Investment Research, Inc. Cambridge Legacy Securities, LLC Cantella & Co., Inc. CAPE SECURITIES, INC. Capital Advisors Capital Analysts Capital Financial Services, Inc. CAPITAL GROWTH RESOURCES Capital Guardian Capital Investment Group, Inc. Capital One Investment Services, LLC Capital Securities Management Castner Josephs Retirement Group CBIZ CCF Investments, Inc. Centaurus Financial, Inc. CFD Investments, Inc. Charter One Bank (Cleveland) Chase Investment Services Citigroup Global Markets Inc. Citizens Bank and Trust Company Clairmont Oaks CLS Investments COMERICA SECURITIES, INC. Commonwealth Financial Network Compak Securities Compass Bank Wealth Management Group Crescent Securities Group Crown Capital Securities, L.P. CUNA Brokerage Svcs, Inc. CUSO Financial Services, L.P. D.A. Davidson David A. Noyes & Company Delta Equity Dempsey Lord Smith, LLC Deutsche Bank DeWaay Financial Network, LLC Eaton Vance EDI Financial Edward Jones & Co. ELLIOTT DAVIS BROKERAGE SERVICES, LLC Equitrust Equity Services, Inc. ESSEX FINANCIAL SERVICES, INC. Evergreen Consulting Federated Investors Fidelity Investments Fifth Third Securities, Inc. FINANCIAL ADVISERS OF AMERICA LLC Financial Network Investment Financial Planning Consultants Financial Security Management, Inc. Financial Telesis Inc. Financial West Group Fintegra, LLC First Allied Securities Inc First American Insurance Underwriters (FAIU) 127 First Brokerage America, LLC FIRST CITIZENS INVESTOR SERVICES INC First Financial Equity Corp. First Heartland Capital, Inc. First Merit Investments First Southeast Investor Services First State Financial Management First Tennessee Brokerage, Inc First Trust Portfolios L.P. First Western Advisors Florida Investment Advisers Foothill Securities, Inc. Forrester Research Fortune Financial Services, Inc. Franklin Templeton FROST BROKERAGE SERVICES FSC Securities Corp. G.A. Repple & Company GATX Southern Star Agency Garden State Securities, Inc. Gary Goldberg & Co., Inc. Geneos Wealth Management, Inc. Genworth Financial Securities Corporation Girard Securities, Inc. Golden Years Advisors Goldman Sachs & Co. Great American Advisors, Inc. Great American Investors, Inc. GWN Securities, Inc. H. Beck, Inc. HBW SECURITIES LLC HD Associates H.D. Vest Investment Hantz Financial Services,Inc. HARBOR FINANCIAL SERVICES LLC Harbour Investments, Inc. Harmon Dennis Bradshaw Hartford Life Insurance Company Harvest Capital, LLC Hazard & Siegel, Inc. Heim, Young & Associates, Inc. Horizon Investments Hornor, Townsend & Kent, Inc. HSBC Huntleigh Securities ICC IMS Securities Independent Financial Grp, LLC IFS (Industry Fund Services) Impact Speakers
Page 1 and 2:
PRUCO LIFE INSURANCE COMPANY PRUCO
Page 3 and 4:
UNDERLYING PORTFOLIO UNDERLYING MUT
Page 5 and 6:
Page 7 and 8:
ii. To the list of available variab
Page 9 and 10:
II. NEW OPTIONAL BENEFITS This supp
Page 11 and 12:
that may periodically transfer your
Page 13 and 14:
Anniversary, we identify the Unadju
Page 15 and 16:
Non-Lifetime Withdrawal Feature You
Page 17 and 18:
▪ If annuity payments are to begi
Page 19 and 20:
(iv) our receipt of Due Proof of De
Page 21 and 22:
Example (assume the income basis is
Page 23 and 24:
taken first from your own Account V
Page 25 and 26:
While Spousal Highest Daily Lifetim
Page 27 and 28:
** In this example, the first daily
Page 29 and 30:
▪ Any Lifetime Withdrawal that yo
Page 31 and 32:
to the death claim and the payment
Page 33 and 34:
ages 59 1 ⁄2 to 64; 4.5% for ages
Page 35 and 36:
Example of proportional reductions
Page 37 and 38:
In general, withdrawals made from t
Page 39 and 40:
certain in order to comply with the
Page 41 and 42:
Upon termination of Highest Daily L
Page 43 and 44:
Key Feature - Annual Income Amount
Page 45 and 46:
Example of dollar-for-dollar reduct
Page 47 and 48:
Highest Daily Death Benefit A Death
Page 49 and 50:
newly-elected benefit will commence
Page 51 and 52:
How Spousal Highest Daily Lifetime
Page 53 and 54:
[THIS PAGE INTENTIONALLY LEFT BLANK
Page 55 and 56:
Page 57 and 58:
Page 60 and 61:
The Prudential Insurance Company of
Page 62 and 63:
COMBOSUP2 ADVANCED SERIES TRUST Sup
Page 64 and 65:
Subadvisers Investment Categories a
Page 66 and 67:
STYLE/ TYPE Asset Allocation COMBOS
Page 68 and 69:
GENPROD2 PRUCO LIFE INSURANCE COMPA
Page 70 and 71:
Page 72 and 73:
In the section titled “Investment
Page 74 and 75:
Page 76 and 77:
Advanced Series Trust AST Academic
Page 78 and 79:
DEATH BENEFITS ....................
Page 80 and 81:
Guarantee Period: The period of tim
Page 82 and 83:
C SERIES There is no CDSC or other
Page 84 and 85:
OPTIONAL BENEFIT ANNUALIZED OPTIONA
Page 86 and 87:
OPTIONAL BENEFIT ANNUALIZED OPTIONA
Page 88 and 89:
Page 90 and 91:
EXPENSE EXAMPLES These examples are
Page 92 and 93:
Please see “Investment Options,
Page 94 and 95:
INVESTMENT OPTIONS The Investment O
Page 96 and 97:
INVESTMENT OBJECTIVES/POLICIES ADVA
Page 98 and 99:
INVESTMENT OBJECTIVES/POLICIES AST
Page 100 and 101:
Page 102 and 103:
Page 104 and 105:
Page 106 and 107:
Page 108 and 109:
group (Group II) our “Custom Port
Page 110 and 111:
For the Long-Term MVA Option, a Gua
Page 112 and 113:
FEES, CHARGES AND DEDUCTIONS In thi
Page 114 and 115:
Settlement Service Charge: If your
Page 116 and 117:
additional Purchase Payments, unles
Page 118 and 119:
Please note the following additiona
Page 120 and 121:
MANAGING YOUR ACCOUNT VALUE There a
Page 122 and 123:
Please Note: Contracts managed by y
Page 124 and 125:
ACCESS TO ACCOUNT VALUE TYPES OF DI
Page 126 and 127:
prior to age 59 1 ⁄2 if you elect
Page 128 and 129:
ANNUITY OPTIONS Annuitization invol
Page 130 and 131:
LIVING BENEFITS Pruco Life offers d
Page 132 and 133:
Income 2.0 may be appropriate if yo
Page 134 and 135:
subsequent Purchase Payments and wi
Page 136 and 137:
make will be the first Lifetime Wit
Page 138 and 139:
certain in order to comply with the
Page 140 and 141:
transfer all amounts held in the AS
Page 142 and 143:
Example: Assuming the Target Ratio
Page 144 and 145:
If you elect Highest Daily Lifetime
Page 146 and 147:
If the Annuity permits additional P
Page 148 and 149:
If you have not made a Lifetime Wit
Page 150 and 151:
▪ Spousal Highest Daily Lifetime
Page 152 and 153:
Required Minimum Distributions See
Page 154 and 155: ▪ One Annuity Owner, where the Ow
Page 156 and 157: effective date of the benefit, the
Page 158 and 159: Highest Daily Lifetime Income 2.0 w
Page 160 and 161: ▪ The Annuitant was 70 years old
Page 162 and 163: ▪ Please note that if your Unadju
Page 164 and 165: The benefit automatically terminate
Page 166 and 167: (c) all Purchase Payments (includin
Page 168 and 169: ▪ Both designated lives were 70 y
Page 170 and 171: Required Minimum Distributions See
Page 172 and 173: newly-elected benefit will commence
Page 174 and 175: GUARANTEED RETURN OPTION PLUS II (G
Page 176 and 177: time. The formula determines the ap
Page 178 and 179: Value” above for more details). Y
Page 180 and 181: HD GRO II uses a predetermined math
Page 182 and 183: Any amounts invested in the AST bon
Page 184 and 185: DEATH BENEFITS TRIGGERS FOR PAYMENT
Page 186 and 187: Calculation of Highest Anniversary
Page 188 and 189: A surviving spouse’s ability to c
Page 190 and 191: VALUING YOUR INVESTMENT VALUING THE
Page 192 and 193: TAX CONSIDERATIONS The tax consider
Page 194 and 195: Taxes Payable by Beneficiaries The
Page 196 and 197: A Nonqualified annuity may also be
Page 198 and 199: In any event, you must begin receiv
Page 200 and 201: ERISA Requirements ERISA (the “Em
Page 202 and 203: out of any other business we may co
Page 206 and 207: Infinex Investments, Inc. ING Finan
Page 208 and 209: County, Illinois, was served on Pru
Page 210 and 211: [THIS PAGE INTENTIONALLY LEFT BLANK
Page 212 and 213: Sub-Accounts Accumulation Unit Valu
Page 230 and 231: PREMIER RETIREMENT L SERIES Pruco L
Page 234 and 235: Sub-Accounts PREMIER RETIREMENT C S
Page 244 and 245: Annuity Comparison X Series B Serie
Page 246 and 247: The shaded values indicate the high
Page 250 and 251: holidays), plus the amount of any P
Page 252 and 253: Examples of dollar-for-dollar and p
Page 254 and 255:
Required Minimum Distributions Requ
Page 256 and 257:
Unadjusted Account Value and Protec
Page 258 and 259:
equire a transfer to the Bond Sub-a
Page 260 and 261:
to as the “LIA Amount”) if you
Page 262 and 263:
the latter scenario, we determine w
Page 264 and 265:
The “Periodic Value” is initial
Page 266 and 267:
Amount on a dollar-for-dollar basis
Page 268 and 269:
Here is the calculation: Withdrawal
Page 270 and 271:
Election of and Designations under
Page 272 and 273:
Page 274 and 275:
holidays), plus the amount of any P
Page 276 and 277:
Examples of dollar-for-dollar and p
Page 278 and 279:
Required Minimum Distributions Requ
Page 280 and 281:
▪ If you elect this benefit and i
Page 282 and 283:
Generally, the formula, which is ap
Page 284 and 285:
Additional Tax Considerations If yo
Page 286 and 287:
LIA Amount after the first Lifetime
Page 288 and 289:
section above entitled “How Highe
Page 290 and 291:
Highest Daily Auto Step-Up An autom
Page 292 and 293:
Non-Lifetime Withdrawal Feature You
Page 294 and 295:
apply to current participants in th
Page 296 and 297:
Page 298 and 299:
If the formula ratio is less than a
Page 300 and 301:
Page 302 and 303:
We reserve the right to waive the l
Page 304 and 305:
Page 306 and 307:
If the formula ratio is less than a
Page 308 and 309:
Page 310 and 311:
▪ T - the amount of a transfer in
Page 312 and 313:
Page 314 and 315:
You can have a traditional IRA whet
Page 316 and 317:
2. Rollovers from an employer retir
Page 318 and 319:
Distributions from traditional IRAs
Page 320 and 321:
Page 322 and 323:
income, and dividend income), pensi
Page 324 and 325:
c. Made to a Beneficiary or to your
Page 326 and 327:
Page 328 and 329:
CONTINGENT DEFERRED SALES CHARGE 1
Page 330 and 331:
Page 332:
The Prudential Insurance Company of
show all

Prudential Premier Retirement Variable Annuities

Create successful ePaper yourself

Delete template?

Save as template?