Prudential Premier Retirement Variable Annuities

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v. The Custom Portfolios Program is not available with the Highest Daily Lifetime Income v2.1 suite of benefits. Accordingly, we add the Highest Daily Lifetime Income v2.1 suite of benefits to the “Group I: Allowable Benefit Allocations” list of available options only, under “Limitations with Optional Benefits” as follows: LIMITATIONS WITH OPTIONAL BENEFITS As a condition to your participating in any Highest Daily Lifetime Income v2.1 benefit, we limit the Investment Options to which you may allocate your Account Value, as set forth in the Allowable Benefit Allocations table below. Allowable Benefit Allocations AST Academic Strategies Asset Allocation AST J.P. Morgan Global Thematic AST Advanced Strategies AST J.P. Morgan Strategic Opportunities AST Balanced Asset Allocation AST Moderate Asset Allocation AST BlackRock Global Strategies AST New Discovery Asset Allocation AST Capital Growth Asset Allocation AST Preservation Asset Allocation AST FI Pyramis ® Asset Allocation AST Schroders Global Tactical AST First Trust Balanced Target AST Schroders Multi-Asset World Strategies AST First Trust Capital Appreciation Target AST T. Rowe Price Asset Allocation AST Franklin Templeton Founding Funds Allocation AST Wellington Management Hedged Equity AST Horizon Moderate Asset Allocation 8
II. NEW OPTIONAL BENEFITS This supplement describes new lifetime withdrawal benefits called Highest Daily Lifetime ® Income v2.1 Benefit, Spousal Highest Daily Lifetime ® Income v2.1 Benefit, Highest Daily Lifetime ® Income v2.1 with Highest Daily Death Benefit, and Spousal Highest Daily Lifetime ® Income v2.1 with Highest Daily Death Benefit (the “Highest Daily Lifetime Income v2.1 suite of benefits” or “HDI v2.1”). Beginning on or about February 25, 2013, the Highest Daily Lifetime Income v2.1 suite of benefits is available in states where we have received regulatory approval. Once the Highest Daily Lifetime Income v2.1 suite of benefits has been approved in your state we will close the Highest Daily Lifetime Income 2.0 suite of benefits and they will no longer be available for purchase in your state. The Highest Daily Lifetime Income v2.1 suite of benefits is available for purchase (subject to our rules and your eligibility, as described below): ▪ if you currently own an annuity without a living benefit and wish to purchase one of the Highest Daily Lifetime Income v2.1 suite of benefits; or ▪ if you currently own an annuity with a living benefit, and you wish to terminate your existing benefit and elect one of the Highest Daily Lifetime Income v2.1 benefits. If you currently own an annuity with a living benefit, it is important to note that the benefit you elect may not provide the same guarantees and/or may be more expensive than the benefit you are terminating. Once you terminate an existing benefit, you lose the guarantees that you have accumulated under your existing benefit. You should carefully consider whether terminating your existing benefit and electing one of the benefits described in this Supplement is appropriate for you. Please speak to your Financial Professional for further details. The guarantees provided by the variable annuity contracts and the optional benefits are the obligations of and subject to the claims paying ability of Pruco Life. The new guarantees under the new benefit you elect will begin based on your Unadjusted Account Value as of the date the new benefit becomes effective under your annuity. Also, you may be required to reallocate your Account Value to certain permitted investment options. Your existing benefit is described in your current prospectus. If you need another copy of your prospectus, please contact us at 1-888-PRU-2888 or you can visit our website at http://www.prudentialannuities.com. Accordingly, we revise your annuity prospectus as follows. A. Benefit Fees. We add the charges for the new Highest Daily Lifetime Income v2.1 suite of benefits to the table in the “Your Optional Benefit Fees and Charges” section and modify the footnotes thereto, as follows: YOUR OPTIONAL BENEFIT FEES AND CHARGES OPTIONAL BENEFIT ANNUALIZED OPTIONAL BENEFIT FEE/ CHARGE 7 TOTAL ANNUALIZED CHARGE 8 for X SERIES TOTAL ANNUALIZED CHARGE 8 for B SERIES TOTAL ANNUALIZED CHARGE 8 for L SERIES TOTAL ANNUALIZED CHARGE 8 for C SERIES HIGHEST DAILY LIFETIME INCOME v2.1 (assessed against greater of Unadjusted Account Value and Protected Withdrawal Value) Maximum Charge 9 2.00% 1.85% + 2.00% 1.30% + 2.00% 1.70% + 2.00% 1.75% + 2.00% Current Charge SPOUSAL HIGHEST DAILY LIFETIME INCOME v2.1 (assessed against greater of Unadjusted Account Value and Protected Withdrawal Value) 1.00% 1.85% + 1.00% 1.30% + 1.00% 1.70% + 1.00% 1.75% + 1.00% Maximum Charge 9 2.00% 1.85% + 2.00% 1.30% + 2.00% 1.70% + 2.00% 1.75% + 2.00% Current Charge 1.10% 1.85% + 1.10% 1.30% + 1.10% 1.70% + 1.10% 1.75% + 1.10% 9
Page 1 and 2: PRUCO LIFE INSURANCE COMPANY PRUCO
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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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PRUCO LIFE INSURANCE COMPANY PRUCO
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In the section titled “Investment
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PRUCO LIFE INSURANCE COMPANY PRUCO
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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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UNDERLYING PORTFOLIO UNDERLYING MUT
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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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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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