Prudential Premier Retirement Variable Annuities

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DEATH BENEFITS ......................................................................................106 TRIGGERS FOR PAYMENT OF THE DEATH BENEFIT ......................................................106 MINIMUM DEATH BENEFIT ............................................................................107 OPTIONAL DEATH BENEFITS ..........................................................................107 PAYMENT OF DEATH BENEFITS .......................................................................110 BENEFICIARY CONTINUATION OPTION .................................................................111 VALUING YOUR INVESTMENT ..........................................................................112 VALUING THE SUB-ACCOUNTS ........................................................................112 PROCESSING AND VALUING TRANSACTIONS ...........................................................112 TAX CONSIDERATIONS ................................................................................114 OTHER INFORMATION .................................................................................123 PRUCO LIFE AND THE SEPARATE ACCOUNT ............................................................123 LEGAL STRUCTURE OF THE UNDERLYING FUNDS .......................................................125 DISTRIBUTION OF ANNUITIES OFFERED BY PRUCO LIFE .................................................126 FINANCIAL STATEMENTS .............................................................................129 INDEMNIFICATION ...................................................................................129 LEGAL PROCEEDINGS ................................................................................129 CONTENTS OF THE STATEMENT OF ADDITIONAL INFORMATION .........................................130 HOW TO CONTACT US ................................................................................130 APPENDIX A - ACCUMULATION UNIT VALUES ..........................................................A-1 APPENDIX B - SELECTING THE VARIABLE ANNUITY THAT’S RIGHT FOR YOU ............................B-1 APPENDIX C - HIGHEST DAILY LIFETIME 6 PLUS INCOME, HIGHEST DAILY LIFETIME 6 PLUS INCOME WITH LIFETIME INCOME ACCELERATOR, AND SPOUSAL HIGHEST DAILY LIFETIME 6 PLUS INCOME - offered for sale: March 15, 2010 to January 23, 2011 .........................................................C-1 APPENDIX D - HIGHEST DAILY LIFETIME INCOME, HIGHEST DAILY LIFETIME INCOME WITH LIFETIME INCOME ACCELERATOR, AND SPOUSAL HIGHEST DAILY LIFETIME INCOME - offered for sale: January 24, 2011 to August 19, 2012 .................................................................................D-1 APPENDIX E - FORMULA FOR GRO PLUS II ..............................................................E-1 APPENDIX F - SPECIAL CONTRACT PROVISIONS FOR ANNUITIES ISSUED IN CERTAIN STATES ............F-1 APPENDIX G - MVA FORMULAS .........................................................................G-1 APPENDIX H - FORMULA FOR HIGHEST DAILY GRO II ...................................................H-1 APPENDIX I - FORMULA FOR HIGHEST DAILY LIFETIME INCOME 2.0 SUITE, HIGHEST DAILY LIFETIME INCOME SUITE AND HIGHEST DAILY LIFETIME 6 PLUS SUITE OF LIVING BENEFITS .................... I-1 (ii)
GLOSSARY OF TERMS We set forth here definitions of some of the key terms used throughout this prospectus. In addition to the definitions here, we also define certain terms in the section of the prospectus that uses such terms. Account Value: The total value of all allocations to the Sub-accounts and/or the MVA Options on any Valuation Day. The Account Value is determined separately for each Sub-account and for each MVA Option, and then totaled to determine the Account Value for your entire Annuity. The Account Value of each MVA Option will be calculated using any applicable MVA. Accumulation Period: The period of time from the Issue Date through the last Valuation Day immediately preceding the Annuity Date. Annuitant: The natural person upon whose life annuity payments made to the Owner are based. Annuitization: Annuitization is the process by which you “annuitize” your Unadjusted Account Value. When you annuitize, we apply the Unadjusted Account Value to one of the available annuity options to begin making periodic payments to the Owner. Annuity Date: The date on which we apply your Unadjusted Account Value to the applicable annuity option and begin the payout period. As discussed in the Annuity Options section, there is an age by which you must begin receiving annuity payments, which we call the “Latest Annuity Date.” Annuity Year: The first Annuity Year begins on the Issue Date and continues through and includes the day immediately preceding the first anniversary of the Issue Date. Subsequent Annuity Years begin on the anniversary of the Issue Date and continue through and include the day immediately preceding the next anniversary of the Issue Date. Beneficiary(ies): The natural person(s) or entity(ies) designated as the recipient(s) of the Death Benefit or to whom any remaining period certain payments may be paid in accordance with the annuity payout options section of this Annuity. Beneficiary Annuity: You may purchase an Annuity if you are a Beneficiary of an account that was owned by a decedent, subject to the requirements discussed in this prospectus. You may transfer the proceeds of the decedent’s account into one of the <strong>Annuities</strong> described in this prospectus and continue receiving the distributions that are required by the tax laws. This transfer option is only available for purchase of an IRA, Roth IRA, or a non-qualified Beneficiary Annuity. Code: The Internal Revenue Code of 1986, as amended from time to time and the regulations promulgated thereunder. Contingent Deferred Sales Charge (CDSC): This is a sales charge that may be deducted when you make a surrender or take a partial withdrawal from your Annuity. We refer to this as a “contingent” charge because it is imposed only if you surrender or take a withdrawal from your Annuity. The charge is a percentage of each applicable Purchase Payment that is being surrendered or withdrawn. Dollar Cost Averaging (“DCA”) MVA Option: An Investment Option that offers a fixed rate of interest for a specified period. The DCA MVA Option is used only with our 6 or 12 Month Dollar Cost Averaging Program, under which the Purchase Payments that you have allocated to that DCA MVA Option are transferred to the designated Sub-accounts over a 6 month or 12 month period. Withdrawals or transfers from the DCA MVA Option will be subject to a Market Value Adjustment if made other than pursuant to the 6 or 12 month DCA Program. Due Proof of Death: Due Proof of Death is satisfied when we receive all of the following in Good Order: (a) a death certificate or similar documentation acceptable to us; (b) all representations we require or which are mandated by applicable law or regulation in relation to the death claim and the payment of death proceeds; and (c) any applicable election of the method of payment of the death benefit, if not previously elected by the Owner, by at least one Beneficiary. Free Look: The right to examine your Annuity, during a limited period of time, to decide if you want to keep it or cancel it. The length of this time period, and the amount of refund, depends on applicable law and thus may vary. In addition, there is a different Free Look period that applies if your Annuity is held within an IRA. In your Annuity contract, your Free Look right is referred to as your “Right to Cancel.” Good Order: Good Order is the standard that we apply when we determine whether an instruction is satisfactory. An instruction will be considered in Good Order if it is received at our Service Office: (a) in a manner that is satisfactory to us such that it is sufficiently complete and clear that we do not need to exercise any discretion to follow such instruction and complies with all relevant laws and regulations; (b) on specific forms, or by other means we then permit (such as via telephone or electronic submission); and/or (c) with any signatures and dates as we may require. We will notify you if an instruction is not in Good Order. 1
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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
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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 76 and 77: Advanced Series Trust AST Academic
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
Page 126 and 127: 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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