Prudential Premier Retirement Variable Annuities

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CONTINGENT DEFERRED SALES CHARGE 1 Age of Purchase Payment being Withdrawn Percentage Applied Against Purchase Payment being Withdrawn X Series Less than one year old 9.0% 1 year old or older, but not yet 2 years old 9.0% 2 years old or older, but not yet 3 years old 9.0% 3 years old or older, but not yet 4 years old 9.0% 4 years old or older, but not yet 5 years old 8.0% 5 years old or older, but not yet 6 years old 8.0% 6 years old or older, but not yet 7 years old 8.0% 7 years old or older, but not yet 8 years old 5.0% 8 years old or older, but not yet 9 years old 2.5% 9 or more years old 0.0% Age of Purchase Payment being Withdrawn Percentage Applied Against Purchase Payment being Withdrawn L Series Less than one year old 7.0% 1 year old or older, but not yet 2 years old 7.0% 2 years old or older, but not yet 3 years old 6.0% 3 years old or older, but not yet 4 years old 5.0% 4 or more years old 0.0% Age of Purchase Payment being Withdrawn Percentage Applied Against Purchase Payment being Withdrawn B Series Less than one year old 7.0% 1 year old or older, but not yet 2 years old 7.0% 2 years old or older, but not yet 3 years old 6.0% 3 years old or older, but not yet 4 years old 6.0% 4 years old or older, but not yet 5 years old 5.0% 5 years old or older, but not yet 6 years old 5.0% 6 years old or older, but not yet 7 years old 5.0% 7 years old or older 0.0% There is no CDSC applicable to the C Series. C Series 1 The years referenced in the above CDSC tables refer to the length of time since a Purchase Payment was made (i.e, the age of the Purchase Payment). Contingent Deferred Sales Charges are applied against the Purchase Payment(s) being withdrawn. Thus, the appropriate percentage is multiplied by the Purchase Payment(s) being withdrawn to determine the amount of the CDSC. For example, if with respect to the X Series on November 1, 2016 you withdrew a Purchase Payment made on August 1, 2011, that Purchase Payment would be between 5 and 6 years old, and thus subject to an 8% CDSC. For X Series <strong>Annuities</strong> issued in Connecticut, the CDSC amounts are different. See Appendix F to prospectus. The chart above represents the maximum CDSC percentages; however, during each Annuity Year you may withdraw a limited “free withdrawal amount” without incurring a CDSC. The maximum free withdrawal amount during each Annuity Year when a CDSC would otherwise apply to a partial withdrawal or surrender of your Purchase Payments is 10% of all Purchase Payments (B, L, X Series only. For the C Series you may withdraw 100% of your account value at any time, without any CDSC). This free withdrawal amount is not cumulative and is recalculated each Annuity anniversary. Free withdrawals are not treated as a withdrawal of Purchase Payments for purposes of calculating any applicable CDSC on a subsequent withdrawal or surrender. Withdrawals of amounts in excess of the maximum free withdrawal amount are treated as a withdrawal of Purchase Payments and are subject to a CDSC. Any earnings are also free withdrawal amounts, but are available only after all Purchase Payments have been withdrawn. This disclosure is not part of the Prospectus.
An example of a CDSC is illustrated below: Since CDSCs are assessed on each Purchase Payment, different withdrawal percentages may apply to each Purchase Payment withdrawn. For instance, if you purchased an X Series Annuity with $10,000 and then made an additional Purchase Payment of $1,000 on the fourth Annuity anniversary, the applicable CDSC percentages would be different for each Purchase Payment. On the fourth Annuity anniversary, the percentage associated with the initial $10,000 payment would be 8% and that associated with the subsequent $1,000 Purchase Payment would be 9% (since it has not reached the first Annuity anniversary based on the date it was applied). The maximum CDSC on the fourth Annuity anniversary would be $800 ($10,000 x 8%) for the initial Purchase Payment and $90 ($1,000 x 9%) for the subsequent Purchase Payment. If the Annuity’s gross Purchase Payments are less than $100,000, we will charge a Maintenance Fee of the lesser of $50 or 2% of the Unadjusted Account Value. This fee is assessed on each Annuity anniversary, and if a full surrender of the Annuity occurs. The Maintenance Fee may be less in some states. 4. An additional tax of 10% may be imposed on distributions taken from the contract prior to the Owner reaching 59 1 ⁄2 years of age. 5. In the Accumulation Period values under the Annuity are dependent upon the investment results of one or more of the variable investment options (referred to as “Sub-accounts” in the Annuity) and cannot be guaranteed or projected. An investment in a variable annuity involves investment risks, including possible loss of value. Fixed rate investment options do provide certain minimum interest rate guarantees. Transfers between the variable investment options and fixed account transfers may be subject to some limitations and charges. 6. The amount paid to a broker dealer firm to cover both the individual representative’s commission and other distribution expenses are described in your prospectus. 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 variable investment options. 7. From time to time we may offer various optional benefits and features that may be made part of your Annuity at a cost to you. Please refer to those sections of the prospectus that explain any optional benefits we make available for a detailed description of any fees, charges, or financial impact on your Annuity should you elect to purchase any optional benefits. This disclosure is not part of the Prospectus.
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PRUCO LIFE INSURANCE COMPANY PRUCO
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UNDERLYING PORTFOLIO UNDERLYING MUT
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ii. To the list of available variab
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II. NEW OPTIONAL BENEFITS This supp
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that may periodically transfer your
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Anniversary, we identify the Unadju
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Non-Lifetime Withdrawal Feature You
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▪ If annuity payments are to begi
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(iv) our receipt of Due Proof of De
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Example (assume the income basis is
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taken first from your own Account V
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While Spousal Highest Daily Lifetim
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** In this example, the first daily
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▪ Any Lifetime Withdrawal that yo
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to the death claim and the payment
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ages 59 1 ⁄2 to 64; 4.5% for ages
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Example of proportional reductions
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In general, withdrawals made from t
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certain in order to comply with the
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Upon termination of Highest Daily L
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Key Feature - Annual Income Amount
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Example of dollar-for-dollar reduct
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Highest Daily Death Benefit A Death
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newly-elected benefit will commence
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How Spousal Highest Daily Lifetime
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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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In the section titled “Investment
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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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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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Page 298 and 299: If the formula ratio is less than a
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Prudential Premier Retirement Variable Annuities

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