Prudential Premier Retirement Variable Annuities

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Advanced Series Trust AST Academic Strategies Asset Allocation Portfolio 1 AST Advanced Strategies Portfolio 1 AST Balanced Asset Allocation Portfolio 1 AST BlackRock Global Strategies Portfolio 1 AST BlackRock Value Portfolio 3 AST Bond Portfolio 2017 2 AST Bond Portfolio 2018 2 AST Bond Portfolio 2019 2 AST Bond Portfolio 2020 2 AST Bond Portfolio 2021 2 AST Bond Portfolio 2022 2 AST Bond Portfolio 2023 2 AST Capital Growth Asset Allocation Portfolio 1 AST CLS Moderate Asset Allocation Portfolio 1 AST Cohen & Steers Realty Portfolio 3 AST Federated Aggressive Growth Portfolio 1 AST FI Pyramis ® Asset Allocation Portfolio 1 AST First Trust Balanced Target Portfolio 1 AST First Trust Capital Appreciation Target Portfolio 1 AST Franklin Templeton Founding Funds Allocation Portfolio 1 AST Global Real Estate Portfolio 3 AST Goldman Sachs Concentrated Growth Portfolio 3 AST Goldman Sachs Large-Cap Value Portfolio 3 AST Goldman Sachs Mid-Cap Growth Portfolio 3 AST Goldman Sachs Small-Cap Value Portfolio 3 AST High Yield Portfolio 3 AST Horizon Moderate Asset Allocation Portfolio 1 AST International Growth Portfolio 3 AST International Value Portfolio 3 AST Investment Grade Bond Portfolio 2 AST Jennison Large-Cap Growth Portfolio 3 AST Jennison Large-Cap Value Portfolio 3 AST J.P. Morgan Global Thematic Portfolio 1 AST JPMorgan International Equity Portfolio 3 AST JPMorgan Strategic Opportunities Portfolio 1 AST Large-Cap Value Portfolio 3 AST Lord Abbett Core-Fixed Income Portfolio 3 AST Marsico Capital Growth Portfolio 3 AST MFS Global Equity Portfolio 3 AST MFS Growth Portfolio 3 AST MFS Large-Cap Value Portfolio 3 AST Mid-Cap Value Portfolio 3 AST Money Market Portfolio 3 AST Neuberger Berman Core Bond Portfolio 3 AST Neuberger Berman Mid-Cap Growth Portfolio 3 AST Neuberger Berman/LSV Mid-Cap Value Portfolio 3 AST New Discovery Asset Allocation Portfolio 1 AST Parametric Emerging Markets Equity Portfolio 3 AST PIMCO Limited Maturity Bond Portfolio 3 AST PIMCO Total Return Bond Portfolio 3 AST Preservation Asset Allocation Portfolio 1 AST <strong>Prudential</strong> Core Bond Portfolio 3 AST QMA US Equity Alpha Portfolio 3 AST Quantitative Modeling Portfolio 4 (1) Available with all living and death benefits. (2) Not available for Purchase Payments or contract owner transfers. (3) Not available with HDI 2.0 Suite of benefits. (4) Not available if you purchase any optional benefit. VARIABLE INVESTMENT OPTIONS AST Schroders Global Tactical Portfolio 1 AST Schroders Multi-Asset World Strategies Portfolio 1 AST Small-Cap Growth Portfolio 3 AST Small-Cap Value Portfolio 3 AST T. Rowe Price Asset Allocation Portfolio 1 AST T. Rowe Price Equity Income Portfolio 3 AST T. Rowe Price Global Bond Portfolio 3 AST T. Rowe Price Large-Cap Growth Portfolio 3 AST T. Rowe Price Natural Resources Portfolio 3 AST Wellington Management Hedged Equity Portfolio 1 AST Western Asset Core Plus Bond Portfolio 3 AST Western Asset Emerging Markets Debt Portfolio 4
CONTENTS GLOSSARY OF TERMS .................................................................................. 1 SUMMARY OF CONTRACT FEES AND CHARGES ......................................................... 3 EXPENSE EXAMPLES ................................................................................... 12 SUMMARY ............................................................................................. 13 INVESTMENT OPTIONS ................................................................................ 16 VARIABLE INVESTMENT OPTIONS ..................................................................... 16 LIMITATIONS WITH OPTIONAL BENEFITS ............................................................... 29 MARKET VALUE ADJUSTMENT OPTIONS ............................................................... 31 RATES FOR MVA OPTIONS ............................................................................. 32 MARKET VALUE ADJUSTMENT ........................................................................ 32 LONG-TERM MVA OPTIONS ............................................................................ 33 DCA MVA OPTIONS ................................................................................... 33 GUARANTEE PERIOD TERMINATION ................................................................... 33 FEES, CHARGES AND DEDUCTIONS ..................................................................... 34 MVA OPTION CHARGES ............................................................................... 36 ANNUITY PAYMENT OPTION CHARGES ................................................................. 36 EXCEPTIONS/REDUCTIONS TO FEES AND CHARGES ..................................................... 36 PURCHASING YOUR ANNUITY .......................................................................... 37 REQUIREMENTS FOR PURCHASING THE ANNUITY ...................................................... 37 PURCHASE CREDITS UNDER THE X SERIES ............................................................. 38 DESIGNATION OF OWNER, ANNUITANT, AND BENEFICIARY ............................................. 39 RIGHT TO CANCEL .................................................................................... 40 SCHEDULED PAYMENTS DIRECTLY FROM A BANK ACCOUNT ............................................ 40 SALARY REDUCTION PROGRAMS ...................................................................... 40 MANAGING YOUR ANNUITY ............................................................................ 41 CHANGE OF OWNER, ANNUITANT AND BENEFICIARY DESIGNATIONS .................................... 41 MANAGING YOUR ACCOUNT VALUE ................................................................... 42 DOLLAR COST AVERAGING PROGRAMS ................................................................ 42 6 OR 12 MONTH DOLLAR COST AVERAGING PROGRAM .................................................. 42 AUTOMATIC REBALANCING PROGRAMS ............................................................... 43 FINANCIAL PROFESSIONAL PERMISSION TO FORWARD TRANSACTION INSTRUCTIONS .................... 43 RESTRICTIONS ON TRANSFERS BETWEEN INVESTMENT OPTIONS ........................................ 44 ACCESS TO ACCOUNT VALUE .......................................................................... 46 TYPES OF DISTRIBUTIONS AVAILABLE TO YOU ......................................................... 46 TAX IMPLICATIONS FOR DISTRIBUTIONS FROM NON-QUALIFIED ANNUITIES .............................. 46 FREE WITHDRAWAL AMOUNTS ........................................................................ 46 SYSTEMATIC WITHDRAWALS FROM MY ANNUITY DURING THE ACCUMULATION PERIOD ................. 47 SYSTEMATIC WITHDRAWALS UNDER SECTIONS 72(t)/72(q) OF THE INTERNAL REVENUE CODE ............. 47 REQUIRED MINIMUM DISTRIBUTIONS .................................................................. 48 SURRENDERS .......................................................................................... 49 SURRENDER VALUE .................................................................................. 49 MEDICALLY-RELATED SURRENDERS .................................................................. 49 ANNUITY OPTIONS ..................................................................................... 50 LIVING BENEFITS ...................................................................................... 52 HIGHEST DAILY LIFETIME ® INCOME 2.0 BENEFIT ....................................................... 53 HIGHEST DAILY LIFETIME ® INCOME 2.0 BENEFIT WITH LIFETIME INCOME ACCELERATORSM (HDI - LIASM ) ... 65 SPOUSAL HIGHEST DAILY LIFETIME ® INCOME 2.0 BENEFIT .............................................. 68 HIGHEST DAILY LIFETIME ® INCOME 2.0 BENEFIT WITH HIGHEST DAILY DEATH BENEFIT .................. 77 SPOUSAL HIGHEST DAILY LIFETIME ® INCOME 2.0 WITH HIGHEST DAILY DEATH BENEFIT .................. 86 GUARANTEED RETURN OPTIONSM PLUS II (GRO PLUS II) ................................................. 96 HIGHEST DAILYSM GUARANTEED RETURN OPTIONSM II (HD GRO IISM ) .....................................100 (i)
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PRUCO LIFE INSURANCE COMPANY PRUCO
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UNDERLYING PORTFOLIO UNDERLYING MUT
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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
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
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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: PRUCO LIFE INSURANCE COMPANY PRUCO
Page 72 and 73: In the section titled “Investment
Page 74 and 75: PRUCO LIFE INSURANCE COMPANY PRUCO
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: UNDERLYING PORTFOLIO UNDERLYING MUT
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 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
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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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[THIS PAGE INTENTIONALLY LEFT BLANK
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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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