Prudential Premier Retirement Variable Annuities

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UNDERLYING PORTFOLIO UNDERLYING MUTUAL FUND PORTFOLIO ANNUAL EXPENSES Management Fees (as a percentage of the average net assets of the underlying Portfolios) Other Distribution Expenses (12b-1) Fees For the year ended December 31, 2011 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 Fund Operating Expenses Advanced Series Trust continued AST High Yield 0.75% 0.13% 0.00% 0.00% 0.00% 0.00% 0.88% 0.00% 0.88% 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 1.00% 0.15% 0.00% 0.00% 0.00% 0.00% 1.15% 0.00% 1.15% AST International Value 1.00% 0.15% 0.00% 0.00% 0.00% 0.00% 1.15% 0.00% 1.15% AST Investment Grade Bond 0.64% 0.11% 0.00% 0.00% 0.00% 0.00% 0.75% 0.00% 0.75% AST Jennison Large-Cap Growth 0.90% 0.12% 0.00% 0.00% 0.00% 0.00% 1.02% 0.00% 1.02% AST Jennison Large-Cap Value 0.75% 0.12% 0.00% 0.00% 0.00% 0.00% 0.87% 0.00% 0.87% AST J.P. Morgan Global Thematic 3 0.95% 0.15% 0.00% 0.00% 0.00% 0.00% 1.10% 0.00% 1.10% AST JPMorgan International Equity 0.88% 0.17% 0.00% 0.00% 0.00% 0.00% 1.05% 0.00% 1.05% AST JPMorgan Strategic Opportunities 1.00% 0.16% 0.00% 0.10% 0.01% 0.00% 1.27% 0.00% 1.27% AST Large-Cap Value 0.75% 0.12% 0.00% 0.00% 0.00% 0.00% 0.87% 0.00% 0.87% AST Lord Abbett Core-Fixed Income 4 0.80% 0.13% 0.00% 0.00% 0.00% 0.00% 0.93% -0.11% 0.82% AST Marsico Capital Growth 0.90% 0.12% 0.00% 0.00% 0.00% 0.00% 1.02% 0.00% 1.02% AST MFS Global Equity 1.00% 0.20% 0.00% 0.00% 0.00% 0.00% 1.20% 0.00% 1.20% AST MFS Growth 0.90% 0.13% 0.00% 0.00% 0.00% 0.00% 1.03% 0.00% 1.03% AST MFS Large-Cap Value 5 0.85% 0.16% 0.00% 0.00% 0.00% 0.00% 1.01% 0.00% 1.01% AST Mid-Cap Value 0.95% 0.14% 0.00% 0.00% 0.00% 0.00% 1.09% 0.00% 1.09% AST Money Market 0.50% 0.12% 0.00% 0.00% 0.00% 0.00% 0.62% 0.00% 0.62% AST Neuberger Berman Core Bond 6 0.70% 0.17% 0.00% 0.00% 0.00% 0.00% 0.87% -0.01% 0.86% AST Neuberger Berman Mid-Cap Growth 0.90% 0.13% 0.00% 0.00% 0.00% 0.00% 1.03% 0.00% 1.03% AST Neuberger Berman/LSV Mid-Cap Value 0.90% 0.14% 0.00% 0.00% 0.00% 0.00% 1.04% 0.00% 1.04% AST New Discovery Asset Allocation 0.85% 0.26% 0.00% 0.00% 0.00% 0.00% 1.11% 0.00% 1.11% AST Parametric Emerging Markets Equity 1.10% 0.35% 0.00% 0.00% 0.00% 0.00% 1.45% 0.00% 1.45% AST PIMCO Limited Maturity Bond 0.65% 0.13% 0.00% 0.00% 0.00% 0.00% 0.78% 0.00% 0.78% AST PIMCO Total Return Bond 0.65% 0.12% 0.00% 0.00% 0.00% 0.00% 0.77% 0.00% 0.77% AST Preservation Asset Allocation 0.15% 0.01% 0.00% 0.00% 0.00% 0.80% 0.96% 0.00% 0.96% AST Prudential Core Bond 6 0.70% 0.14% 0.00% 0.00% 0.00% 0.00% 0.84% -0.03% 0.81% AST QMA US Equity Alpha 1.00% 0.17% 0.00% 0.25% 0.24% 0.00% 1.66% 0.00% 1.66% AST Quantitative Modeling 0.25% 0.30% 0.00% 0.00% 0.00% 0.87% 1.42% 0.00% 1.42% AST Schroders Global Tactical 0.95% 0.14% 0.00% 0.00% 0.00% 0.15% 1.24% 0.00% 1.24% AST Schroders Multi-Asset World Strategies 1.10% 0.14% 0.00% 0.00% 0.00% 0.00% 1.24% 0.00% 1.24% AST Small-Cap Growth 0.90% 0.14% 0.00% 0.00% 0.00% 0.00% 1.04% 0.00% 1.04% AST Small-Cap Value 0.90% 0.14% 0.00% 0.00% 0.00% 0.03% 1.07% 0.00% 1.07% AST T. Rowe Price Asset Allocation 0.85% 0.13% 0.00% 0.00% 0.00% 0.00% 0.98% 0.00% 0.98% 10
UNDERLYING PORTFOLIO UNDERLYING MUTUAL FUND PORTFOLIO ANNUAL EXPENSES Management Fees (as a percentage of the average net assets of the underlying Portfolios) Other Distribution Expenses (12b-1) Fees For the year ended December 31, 2011 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 Fund Operating Expenses Advanced Series Trust continued AST T. Rowe Price Equity Income 0.75% 0.16% 0.00% 0.00% 0.00% 0.00% 0.91% 0.00% 0.91% AST T. Rowe Price Global Bond 0.80% 0.18% 0.00% 0.00% 0.00% 0.00% 0.98% 0.00% 0.98% AST T. Rowe Price Large-Cap Growth 0.88% 0.12% 0.00% 0.00% 0.00% 0.00% 1.00% 0.00% 1.00% AST T. Rowe Price Natural Resources 0.90% 0.14% 0.00% 0.00% 0.00% 0.00% 1.04% 0.00% 1.04% AST Wellington Management Hedged Equity 1.00% 0.14% 0.00% 0.00% 0.00% 0.00% 1.14% 0.00% 1.14% AST Western Asset Core Plus Bond 0.70% 0.13% 0.00% 0.00% 0.00% 0.00% 0.83% 0.00% 0.83% AST Western Asset Emerging Markets Debt 7 0.85% 0.21% 0.00% 0.00% 0.00% 0.00% 1.06% 0.05% 8 1.01% 1 Pyramis is a registered service mark of FMR LLC. Used under license. 2 The Investment Managers (Prudential Investments LLC and AST Investment Services, Inc.) have contractually agreed to waive a portion of their investment management fees and/or reimburse certain expenses so that the investment management fees plus other expenses (exclusive in all cases of taxes, short sale interest and dividend expenses, brokerage commissions, distribution fees, underlying fund fees and expenses, and extraordinary expenses) for the Portfolio do not exceed 1.10% of the average daily net assets of the Portfolio through June 30, 2014. This expense limitation may not be terminated or modified prior to June 30, 2014, but may be discontinued or modified thereafter. 3 Effective August 20, 2012, the AST Horizon Growth Asset Allocation Portfolio will change its subadviser, investment objective, policies, strategy, expense structure, and its name to the AST J.P. Morgan Global Thematic Portfolio. The fees and expenses identified in this table reflect these changes and are estimates based in part on assumed average daily net assets of $1.5 billion for the Portfolio (i.e., the approximate amount of the Portfolio’s net assets as of December 31, 2011) for the fiscal year ending December 31, 2012. 4 The Investment Managers (Prudential Investments LLC and AST Investment Services, Inc.) have contractually agreed to waive a portion of their investment management fee, so that the effective management fee rate paid by the Portfolio is as follows: 0.70% to $500 million of average daily net assets; 0.675% over $500 million in average daily net assets up to and including $1 billion in average daily net assets; and 0.65% over $1 billion in average daily net assets. This arrangement may not be terminated or modified prior to June 30, 2014, and may be discontinued or modified thereafter. The decision on whether to renew, modify or discontinue the arrangement after June 30, 2014 will be subject to review by the Investment Managers and the Fund’s Board of Trustees. 5 The AST MFS Large-Cap Value Portfolio will commence operations on or about August 20, 2012. Estimate based in part on assumed average daily net assets of approximately $500 million for the Portfolio for the fiscal period ending December 31, 2012. 6 Prudential Investments LLC and AST Investment Services, Inc. (together, the Investment Managers) have contractually agreed to waive a portion of their investment management fees so that the Portfolio’s investment management fee would equal 0.70% of the Portfolio’s first $500 million of average daily net assets, 0.675% of the Portfolio’s average daily net assets between $500 million and $1 billion, and 0.65% of the Portfolio’s average daily net assets in excess of $1 billion through May 1, 2014. This contractual investment management fee waiver may not be terminated or modified prior to May 1, 2014, but may be discontinued or modified thereafter. The decision on whether to renew, modify, or discontinue this expense limitation after May 1, 2014 will be subject to review by the Investment Managers and the Board of Trustees of the Trust. 7 The AST Western Asset Emerging Markets Debt Portfolio will commence operations on or about August 20, 2012. Estimate based in part on assumed average daily net assets of approximately $650 million for the Portfolio for the fiscal period ending December 31, 2012. 8 Prudential Investments LLC (“PI”) and AST Investment Services, Inc. (“AST”) have contractually agreed to waive a portion of their investment management fee so that the effective management fee rate paid by the Portfolio is 0.80% of the average daily net assets of the Portfolio through July 1, 2014. This arrangement may not be terminated or modified prior to July 1, 2014 and may be discontinued or modified thereafter. The decision on whether to renew, modify or discontinue the arrangement after July 1, 2014 will be subject to review by PI, AST and the Portfolio’s Board of Trustees. 11
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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
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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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Page 47 and 48: Highest Daily Death Benefit A Death
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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
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Page 72 and 73: In the section titled “Investment
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Page 76 and 77: Advanced Series Trust AST Academic
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
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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
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Page 108 and 109: group (Group II) our “Custom Port
Page 110 and 111: For the Long-Term MVA Option, a Gua
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Page 116 and 117: additional Purchase Payments, unles
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Page 120 and 121: MANAGING YOUR ACCOUNT VALUE There a
Page 122 and 123: Please Note: Contracts managed by y
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Page 128 and 129: ANNUITY OPTIONS Annuitization invol
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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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