Prudential Premier Retirement Variable Annuities

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I. CHANGES TO THE ADVANCED SERIES TRUST A. APPROVAL AND EFFECTIVENESS OF A NEW 12b-1 PLAN. i. Restated Portfolio Expenses. At a recent special meeting, shareholders of Portfolios of the Advanced Series Trust (the “Trust”) approved a Shareholder Services and Distribution Plan (the “Plan”) pursuant to Rule 12b-1 under the Investment Company Act of 1940, as amended. The Plan is applicable to all of the Portfolios of the Trust except AST Balanced Asset Allocation Portfolio, AST Capital Growth Asset Allocation Portfolio, AST Preservation Asset Allocation Portfolio, AST Horizon Moderate Asset Allocation Portfolio, and AST Quantitative Modeling Portfolio. Pursuant to the Plan, each Portfolio of the Trust covered by the Plan will compensate <strong>Prudential</strong> <strong>Annuities</strong> Distributors (“PAD”), Inc. for shareholder servicing and distribution expenses at the annual rate of 0.10% of the average daily net assets of the shares of each Portfolio. The existing administrative services fee, which was paid by each Portfolio at the same annual rate of 0.10% of the average daily net assets of the shares of each Portfolio, will be discontinued. The Trust’s investment managers have contractually reduced their management fee rates for all Portfolios covered by the Plan. Additionally, PAD has contractually agreed to reduce its distribution and service fees for certain bond Portfolios so that the effective distribution and service fee rate paid by those Portfolios is reduced based on the average daily net assets of the relevant Portfolio. The Plan, including the reduced management fee rates, is anticipated to become operational on or about February 25, 2013. Accordingly, we have restated the “Total Annual Portfolio Operating Expenses” table and the “Underlying Mutual Fund Portfolio Annual Expenses” table that appear in the “Summary of Contract Fees and Charges” chapter of your prospectus to reflect the new 12b-1 plan, as follows: The following table provides the range (minimum and maximum) of the total annual expenses for the underlying mutual funds (“Portfolios”) before any contractual waivers and expense reimbursements. Each figure is stated as a percentage of the underlying Portfolio’s average daily net assets. TOTAL ANNUAL PORTFOLIO OPERATING EXPENSES MINIMUM MAXIMUM Total Portfolio Operating Expense 0.58% 1.84% The following are the total annual expenses for each underlying mutual fund (“Portfolio”). The “Total Annual Portfolio Operating Expenses” reflect the combination of the underlying Portfolio’s investment management fee, other expenses, any 12b-1 fees, and certain other expenses. The fees and expenses have been restated to reflect fee and expense changes implemented following shareholder approval of a Rule 12b-1 plan for the Portfolios, as explained in the current prospectus for the Portfolios. Each figure is stated as a percentage of the underlying Portfolio’s average daily net assets. For certain of the Portfolios, a portion of the management fee has been contractually waived and/or other expenses have been contractually partially reimbursed, which is shown in the table. The following expenses are deducted by the underlying Portfolio before it provides Pruco Life with the daily net asset value. The underlying Portfolio information was provided by the underlying mutual funds and has not been independently verified by us. See the prospectuses or statements of additional information of the underlying Portfolios for further details. The current prospectus and statement of additional information for the underlying Portfolios can be obtained by calling 1-888-PRU-2888. UNDERLYING PORTFOLIO UNDERLYING MUTUAL FUND PORTFOLIO ANNUAL EXPENSES† Management Fees (as a percentage of the average net assets of the underlying Portfolios) Other Expenses Distribution and/or Service Fees (12b-1 Fees) Dividend Expense on Short Sales Broker Fees and Expenses on Short Sales Acquired Portfolio Fees & Expenses Total Annual Portfolio Operating Expenses Contractual Fee Waiver or Expense Reimbursement Net Annual Portfolio Operating Expenses Advanced Series Trust AST Academic Strategies Asset Allocation 0.71% 0.03% 0.04% 0.09% 0.01% 0.66% 1.54% 0.00% 1.54% AST Advanced Strategies 0.81% 0.03% 0.10% 0.00% 0.00% 0.05% 0.99% 0.00% 0.99% AST AQR Emerging Markets Equity 1 1.09% 0.16% 0.10% 0.00% 0.00% 0.00% 1.35% 0.00% 1.35% 2
UNDERLYING PORTFOLIO UNDERLYING MUTUAL FUND PORTFOLIO ANNUAL EXPENSES† Management Fees (as a percentage of the average net assets of the underlying Portfolios) Other Expenses Distribution and/or Service Fees (12b-1 Fees) Dividend Expense on Short Sales Broker Fees and Expenses on Short Sales Acquired Portfolio Fees & Expenses Total Annual Portfolio Operating Expenses Contractual Fee Waiver or Expense Reimbursement Net Annual Portfolio Operating Expenses Advanced Series Trust continued AST Balanced Asset Allocation 0.15% 0.01% 0.00% 0.00% 0.00% 0.85% 1.01% 0.00% 1.01% AST BlackRock Global Strategies 0.97% 0.03% 0.10% 0.00% 0.00% 0.02% 1.12% 0.00% 1.12% AST BlackRock Value 0.82% 0.02% 0.10% 0.00% 0.00% 0.00% 0.94% 0.00% 0.94% AST Bond Portfolio 2017 2 0.63% 0.04% 0.10% 0.00% 0.00% 0.00% 0.77% -0.01% 0.76% AST Bond Portfolio 2018 2 0.63% 0.03% 0.10% 0.00% 0.00% 0.00% 0.76% -0.01% 0.75% AST Bond Portfolio 2019 0.63% 0.19% 0.10% 0.00% 0.00% 0.00% 0.92% 0.00% 0.92% AST Bond Portfolio 2020 2,3 0.63% 1.01% 0.10% 0.00% 0.00% 0.00% 1.74% -0.75% 0.99% AST Bond Portfolio 2021 2 0.63% 0.03% 0.10% 0.00% 0.00% 0.00% 0.76% -0.01% 0.75% AST Bond Portfolio 2022 2 0.63% 0.04% 0.10% 0.00% 0.00% 0.00% 0.77% -0.01% 0.76% AST Bond Portfolio 2023 2,3 0.63% 1.10% 0.10% 0.00% 0.00% 0.01% 1.84% -0.84% 1.00% AST Bond Portfolio 2024 0.63% 0.26% 0.10% 0.00% 0.00% 0.88% 0.99% 0.00% 0.99% AST Capital Growth Asset Allocation 0.15% 0.01% 0.00% 0.00% 0.00% 0.88% 1.04% 0.00% 1.04% AST Clearbridge Dividend Growth 4 0.84% 0.05% 0.10% 0.00% 0.00% 0.00% 0.99% 0.00% 0.99% AST Cohen & Steers Realty 0.98% 0.03% 0.10% 0.00% 0.00% 0.00% 1.11% 0.00% 1.11% AST Federated Aggressive Growth 0.93% 0.07% 0.10% 0.00% 0.00% 0.00% 1.10% 0.00% 1.10% AST FI Pyramis ® Asset Allocation 5 0.82% 0.11% 0.10% 0.20% 0.07% 0.01% 1.31% 0.00% 1.31% AST First Trust Balanced Target 0.82% 0.03% 0.10% 0.00% 0.00% 0.00% 0.95% 0.00% 0.95% AST First Trust Capital Appreciation Target 0.81% 0.03% 0.10% 0.00% 0.00% 0.00% 0.94% 0.00% 0.94% AST Franklin Templeton Founding Funds Allocation 6 0.91% 0.02% 0.10% 0.00% 0.00% 0.00% 1.03% 0.00% 1.03% AST Global Real Estate 0.99% 0.07% 0.10% 0.00% 0.00% 0.00% 1.16% 0.00% 1.16% AST Goldman Sachs Concentrated Growth 0.88% 0.03% 0.10% 0.00% 0.00% 0.00% 1.01% 0.00% 1.01% AST Goldman Sachs Large-Cap Value 0.72% 0.02% 0.10% 0.00% 0.00% 0.00% 0.84% 0.00% 0.84% AST Goldman Sachs Mid-Cap Growth 0.99% 0.04% 0.10% 0.00% 0.00% 0.00% 1.13% 0.00% 1.13% AST Goldman Sachs Small-Cap Value 0.94% 0.04% 0.10% 0.00% 0.00% 0.09% 1.12% 0.00% 1.12% AST High Yield 0.72% 0.03% 0.10% 0.00% 0.00% 0.00% 0.85% 0.00% 0.85% AST Horizon Moderate Asset Allocation 0.30% 0.02% 0.00% 0.00% 0.00% 0.71% 1.03% 0.00% 1.03% AST International Growth 0.97% 0.05% 0.10% 0.00% 0.00% 0.00% 1.12% 0.00% 1.12% AST International Value 0.97% 0.05% 0.10% 0.00% 0.00% 0.00% 1.12% 0.00% 1.12% AST Investment Grade Bond 2,3 0.63% 0.02% 0.10% 0.00% 0.00% 0.00% 0.75% -0.04% 0.71% AST Jennison Large-Cap Growth 0.87% 0.02% 0.10% 0.00% 0.00% 0.00% 0.99% 0.00% 0.99% AST Jennison Large-Cap Value 0.73% 0.02% 0.10% 0.00% 0.00% 0.00% 0.85% 0.00% 0.85% AST J.P. Morgan Global Thematic 0.92% 0.05% 0.10% 0.00% 0.00% 0.00% 1.07% 0.00% 1.07% 3
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The Prudential Insurance Company of
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COMBOSUP2 ADVANCED SERIES TRUST Sup
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Subadvisers Investment Categories a
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STYLE/ TYPE Asset Allocation COMBOS
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GENPROD2 PRUCO LIFE INSURANCE COMPA
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PRUCO LIFE INSURANCE COMPANY PRUCO
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In the section titled “Investment
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PRUCO LIFE INSURANCE COMPANY PRUCO
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Advanced Series Trust AST Academic
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DEATH BENEFITS ....................
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Guarantee Period: The period of tim
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C SERIES There is no CDSC or other
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OPTIONAL BENEFIT ANNUALIZED OPTIONA
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OPTIONAL BENEFIT ANNUALIZED OPTIONA
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UNDERLYING PORTFOLIO UNDERLYING MUT
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EXPENSE EXAMPLES These examples are
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Please see “Investment Options,
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INVESTMENT OPTIONS The Investment O
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INVESTMENT OBJECTIVES/POLICIES ADVA
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INVESTMENT OBJECTIVES/POLICIES AST
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group (Group II) our “Custom Port
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For the Long-Term MVA Option, a Gua
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FEES, CHARGES AND DEDUCTIONS In thi
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Settlement Service Charge: If your
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additional Purchase Payments, unles
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Please note the following additiona
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MANAGING YOUR ACCOUNT VALUE There a
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Please Note: Contracts managed by y
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ACCESS TO ACCOUNT VALUE TYPES OF DI
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prior to age 59 1 ⁄2 if you elect
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ANNUITY OPTIONS Annuitization invol
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LIVING BENEFITS Pruco Life offers d
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Income 2.0 may be appropriate if yo
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subsequent Purchase Payments and wi
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make will be the first Lifetime Wit
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certain in order to comply with the
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transfer all amounts held in the AS
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Example: Assuming the Target Ratio
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If you elect Highest Daily Lifetime
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If the Annuity permits additional P
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If you have not made a Lifetime Wit
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▪ Spousal Highest Daily Lifetime
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Required Minimum Distributions See
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▪ One Annuity Owner, where the Ow
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effective date of the benefit, the
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Highest Daily Lifetime Income 2.0 w
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▪ The Annuitant was 70 years old
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▪ Please note that if your Unadju
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The benefit automatically terminate
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(c) all Purchase Payments (includin
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▪ Both designated lives were 70 y
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Required Minimum Distributions See
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newly-elected benefit will commence
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GUARANTEED RETURN OPTION PLUS II (G
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time. The formula determines the ap
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Value” above for more details). Y
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HD GRO II uses a predetermined math
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Any amounts invested in the AST bon
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DEATH BENEFITS TRIGGERS FOR PAYMENT
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Calculation of Highest Anniversary
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A surviving spouse’s ability to c
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VALUING YOUR INVESTMENT VALUING THE
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TAX CONSIDERATIONS The tax consider
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Taxes Payable by Beneficiaries The
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A Nonqualified annuity may also be
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In any event, you must begin receiv
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ERISA Requirements ERISA (the “Em
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out of any other business we may co
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Cost Averaging, auto rebalancing, a
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Infinex Investments, Inc. ING Finan
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County, Illinois, was served on Pru
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Sub-Accounts Accumulation Unit Valu
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PREMIER RETIREMENT L SERIES Pruco L
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Sub-Accounts PREMIER RETIREMENT C S
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Annuity Comparison X Series B Serie
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The shaded values indicate the high
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holidays), plus the amount of any P
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Examples of dollar-for-dollar and p
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Required Minimum Distributions Requ
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Unadjusted Account Value and Protec
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equire a transfer to the Bond Sub-a
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to as the “LIA Amount”) if you
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the latter scenario, we determine w
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The “Periodic Value” is initial
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Amount on a dollar-for-dollar basis
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Here is the calculation: Withdrawal
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Election of and Designations under
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holidays), plus the amount of any P
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Examples of dollar-for-dollar and p
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Required Minimum Distributions Requ
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▪ If you elect this benefit and i
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Generally, the formula, which is ap
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Additional Tax Considerations If yo
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LIA Amount after the first Lifetime
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section above entitled “How Highe
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Highest Daily Auto Step-Up An autom
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Non-Lifetime Withdrawal Feature You
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apply to current participants in th
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If the formula ratio is less than a
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We reserve the right to waive the l
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If the formula ratio is less than a
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▪ T - the amount of a transfer in
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You can have a traditional IRA whet
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2. Rollovers from an employer retir
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Distributions from traditional IRAs
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income, and dividend income), pensi
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c. Made to a Beneficiary or to your
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CONTINGENT DEFERRED SALES CHARGE 1
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The Prudential Insurance Company of
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Prudential Premier Retirement Variable Annuities

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