Prudential Premier Retirement Variable Annuities
Prudential Premier Retirement Variable Annuities
Prudential Premier Retirement Variable Annuities
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CONTENTS<br />
GLOSSARY OF TERMS .................................................................................. 1<br />
SUMMARY OF CONTRACT FEES AND CHARGES ......................................................... 3<br />
EXPENSE EXAMPLES ................................................................................... 12<br />
SUMMARY ............................................................................................. 13<br />
INVESTMENT OPTIONS ................................................................................ 16<br />
VARIABLE INVESTMENT OPTIONS ..................................................................... 16<br />
LIMITATIONS WITH OPTIONAL BENEFITS ............................................................... 29<br />
MARKET VALUE ADJUSTMENT OPTIONS ............................................................... 31<br />
RATES FOR MVA OPTIONS ............................................................................. 32<br />
MARKET VALUE ADJUSTMENT ........................................................................ 32<br />
LONG-TERM MVA OPTIONS ............................................................................ 33<br />
DCA MVA OPTIONS ................................................................................... 33<br />
GUARANTEE PERIOD TERMINATION ................................................................... 33<br />
FEES, CHARGES AND DEDUCTIONS ..................................................................... 34<br />
MVA OPTION CHARGES ............................................................................... 36<br />
ANNUITY PAYMENT OPTION CHARGES ................................................................. 36<br />
EXCEPTIONS/REDUCTIONS TO FEES AND CHARGES ..................................................... 36<br />
PURCHASING YOUR ANNUITY .......................................................................... 37<br />
REQUIREMENTS FOR PURCHASING THE ANNUITY ...................................................... 37<br />
PURCHASE CREDITS UNDER THE X SERIES ............................................................. 38<br />
DESIGNATION OF OWNER, ANNUITANT, AND BENEFICIARY ............................................. 39<br />
RIGHT TO CANCEL .................................................................................... 40<br />
SCHEDULED PAYMENTS DIRECTLY FROM A BANK ACCOUNT ............................................ 40<br />
SALARY REDUCTION PROGRAMS ...................................................................... 40<br />
MANAGING YOUR ANNUITY ............................................................................ 41<br />
CHANGE OF OWNER, ANNUITANT AND BENEFICIARY DESIGNATIONS .................................... 41<br />
MANAGING YOUR ACCOUNT VALUE ................................................................... 42<br />
DOLLAR COST AVERAGING PROGRAMS ................................................................ 42<br />
6 OR 12 MONTH DOLLAR COST AVERAGING PROGRAM .................................................. 42<br />
AUTOMATIC REBALANCING PROGRAMS ............................................................... 43<br />
FINANCIAL PROFESSIONAL PERMISSION TO FORWARD TRANSACTION INSTRUCTIONS .................... 43<br />
RESTRICTIONS ON TRANSFERS BETWEEN INVESTMENT OPTIONS ........................................ 44<br />
ACCESS TO ACCOUNT VALUE .......................................................................... 46<br />
TYPES OF DISTRIBUTIONS AVAILABLE TO YOU ......................................................... 46<br />
TAX IMPLICATIONS FOR DISTRIBUTIONS FROM NON-QUALIFIED ANNUITIES .............................. 46<br />
FREE WITHDRAWAL AMOUNTS ........................................................................ 46<br />
SYSTEMATIC WITHDRAWALS FROM MY ANNUITY DURING THE ACCUMULATION PERIOD ................. 47<br />
SYSTEMATIC WITHDRAWALS UNDER SECTIONS 72(t)/72(q) OF THE INTERNAL REVENUE CODE ............. 47<br />
REQUIRED MINIMUM DISTRIBUTIONS .................................................................. 48<br />
SURRENDERS .......................................................................................... 49<br />
SURRENDER VALUE .................................................................................. 49<br />
MEDICALLY-RELATED SURRENDERS .................................................................. 49<br />
ANNUITY OPTIONS ..................................................................................... 50<br />
LIVING BENEFITS ...................................................................................... 52<br />
HIGHEST DAILY LIFETIME ® INCOME 2.0 BENEFIT ....................................................... 53<br />
HIGHEST DAILY LIFETIME ® INCOME 2.0 BENEFIT WITH LIFETIME INCOME ACCELERATORSM (HDI - LIASM ) ... 65<br />
SPOUSAL HIGHEST DAILY LIFETIME ® INCOME 2.0 BENEFIT .............................................. 68<br />
HIGHEST DAILY LIFETIME ® INCOME 2.0 BENEFIT WITH HIGHEST DAILY DEATH BENEFIT .................. 77<br />
SPOUSAL HIGHEST DAILY LIFETIME ® INCOME 2.0 WITH HIGHEST DAILY DEATH BENEFIT .................. 86<br />
GUARANTEED RETURN OPTIONSM PLUS II (GRO PLUS II) ................................................. 96<br />
HIGHEST DAILYSM GUARANTEED RETURN OPTIONSM II (HD GRO IISM ) .....................................100<br />
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