Strategic Partners Plus 3 - Prudential Annuities

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STYLE/ TYPE ASSET ALLOCA- TION/ BALANCED LARGE CAP VALUE SMALL CAP GROWTH INVESTMENT OBJECTIVES/POLICIES EVERGREEN VARIABLE ANNUITY TRUST Evergreen VA Balanced: seeks capital growth and current income. The Portfolio invests in a portfolio of equity and debt securities chosen for the potential for current income and capital growth. The proportion of the Fund’s assets invested in fixed income and equity securities will change based on the portfolio manager’s assessment of economic conditions and investment opportunities. The Portfolio normally invests at least 25% of its assets in fixed income securities. The equity portion of the Portfolio may include principally common and preferred stocks of U.S. companies across a broad range of market capitalizations, but will generally maintain a dollar-weighted average market capitalization within the market capitalization range tracked by the Russell 1000 Index. The Portfolio’s manager will seek out companies that she believes have strong fundamental attributes and growth prospects with valuations that leave ample room for capital appreciation. The Portfolio’s fixed income investments may include U.S. government securities, corporate bonds, convertible bonds, mortgage-backed securities, asset-backed securities, collateralized mortgage obligations (CMOs) and other income producing securities. The Portfolio may invest without limit in securities rated below investment grade (or unrated securities determined by the portfolio manager to be of comparable quality). The Fund may, but will not necessarily, use a variety of derivative instruments, such as structured notes, futures and options, and swaps agreements, as an alternative to investments directly in income-producing securities or to manage risk. The Portfolio may also, but will not necessarily, enter into foreign currency exchange contracts to hedge against adverse changes in currency exchange rates related to non-US dollar denominated holdings. The Portfolio can invest up to 25% of its assets in foreign equity and fixed income securities. Evergreen VA Fundamental Large Cap: seeks capital growth with the potential for current income. The Portfolio invests, under normal conditions, at least 80% of its assets in common stocks of large U.S. companies (i.e., companies whose market capitalizations fall within the market capitalization range of the companies tracked by the Russell 1000 ® Index, measured at the time of purchase). The Portfolio earns current income from dividends paid on equity securities and may seek additional income primarily by investing up to 20% of its assets in convertible bonds, including below investment grade bonds, and convertible preferred stocks of any quality. The Portfolio may invest up to 20% of its assets in foreign securities. The Portfolio’s stock selection is based on a diversified style of equity management that allows the Portfolio to invest in both value- and growthoriented equity securities. “Value” securities are securities which the Portfolio’s manager believes are currently undervalued in the marketplace. “Growth” stocks are stocks of companies which the Portfolio’s manager believes have anticipated earnings ranging from steady to accelerated growth. The Portfolio’s manager utilizes an intrinsic value approach to look for companies that he believes are temporarily undervalued in the marketplace, sell at a discount to their private market values and display certain characteristics such as earning a high return on premium to cost of capital or a sustainable competitive advantage in their industry. Evergreen VA Growth: seeks long-term capital growth. The Portfolio invests at least 75% of its assets in common stocks of small- and medium-sized companies (i.e., companies whose market capitalizations fall within the market capitalization range of the companies tracked by the Russell 2000 ® Growth Index, measured at the time of purchase). The remaining portion of the Portfolio’s assets may be invested in companies of any size. The Portfolio’s managers employ a growth-style of equity management and will generally seek to purchase stocks of companies that have demonstrated earnings growth potential which they believe is not yet reflected in the stock’s market price. The Portfolio’s managers consider potential earnings growth above the average earnings growth of companies included in the Russell 2000 ® Growth Index as a key factor in selecting investments. PORTFOLIO ADVISOR/ SUB-ADVISOR Evergreen Investment Management Company, LLC Evergreen Investment Management Company, LLC Evergreen Investment Management Company, LLC Contract described herein is no longer available for sale. 35
2: WHAT INVESTMENT OPTIONS CAN ICHOOSE continued STYLE/ TYPE INTER- NATIONAL EQUITY SPECIALTY SMALL CAP VALUE INVESTMENT OBJECTIVES/POLICIES Evergreen VA International Equity: seeks long-term capital growth and secondarily, modest income. The Portfolio will normally invest at least 80% of its assets in equity securities issued by , in the manager’s opinion, established and quality non-U.S. companies located in countries with developed markets. The Portfolio may purchase securities across all market capitalizations. The Portfolio normally invests at least 65% of its assets in securities of companies in at least three countries (other than the U.S.). The Portfolio may also invest in emerging markets. The Portfolio’s managers seek both growth and value opportunities For growth investments, the Portfolio’s manager seeks, among other things, good business models, good management and growth in cash flows. For value investments, the Portfolio’s manager seeks, among other things, companies that are undervalued in the marketplace compared to their assets. The Portfolio normally intends to seek modest income from dividends paid by its equity holdings. Other than cash and cash equivalents, the Portfolio intends to invest substantially all of its assets in the securities of non-U.S. issuers. Evergreen VA Omega: seeks long-term capital growth. The Portfolio invests primarily, and under normal conditions substantially all of its assets, in common stocks of U.S. companies across any market capitalizations. The Portfolio’s manager employs a growth style of equity management that seeks to emphasizes companies with cash flow growth, sustainable competitive advantages, returns on invested capital above their cost of capital and the ability to manage for profitable growth that can create long-term value for shareholders. Evergreen VA Special Values: seeks capital growth in the value of its shares. The Portfolio normally invests at least 80% of its assets in common stocks of small U.S. companies (i.e. companies whose market capitalizations fall within the market capitalization range of the companies tracked by the Russell 2000 ® Index, measured at the time of purchase). The remaining 20% of the Portfolio’s assets may be represented by cash or invested in various cash equivalents or common stocks of any market capitalization. The Portfolio’s manager seeks to limit the investment risk of small company investing by seeking stocks that trade below what the manager considers their intrinsic value. The Portfolio’s manager looks specifically for various growth triggers, or catalysts, that will bring the stock’s price into line with its actual or potential value, such as new products, new management, changes in regulation and/or restructuring potential. PORTFOLIO ADVISOR/ SUB-ADVISOR Evergreen Investment Management Company, LLC Evergreen Investment Management Company, LLC Evergreen Investment Management Company, LLC “Dow Jones Industrial Average SM ”, “DJIA SM ”, “Dow Industrials SM ”, “The Dow SM ”, and the other Dow indices, are service marks of Dow Jones & Company, Inc. (“Dow Jones”) and have been licensed for use for certain purposes by First Trust Advisors L.P. (“First Trust”). The portfolios are not endorsed, sold or promoted by Dow Jones, and Dow Jones makes no representation regarding the advisability of investing in such products. “Standard & Poor’s,” “S&P,” “S&P 500,” “Standard & Poor’s 500,” and “500” are trademarks of The McGraw-Hill Companies, Inc. and have been licensed for use by First Trust. The Portfolios are not sponsored, endorsed, managed, sold or promoted by Standard & Poor’s and Standard & Poor’s makes no representation regarding the advisability of investing in the Portfolio. FIXED INTEREST RATE OPTIONS We offer two fixed interest rate options: ▪ a one-year fixed interest rate option, and ▪ a dollar cost averaging fixed rate option (DCA Fixed Rate Option). Contract described herein is no longer available for sale. When you select one of these options, your payment will earn interest at the established rate for the applicable interest rate period. A new interest rate period is established every time you allocate or transfer money into a fixed interest rate option. (You may not transfer amounts from other investment options into the DCA Fixed Rate Option.) You may have money allocated in more than one interest rate period at the same time. This could result in your money earning interest at different rates and each interest rate period maturing at a different time. While these interest rates may change from time to time, they will not be less than the minimum interest rate dictated by applicable state law. We may offer lower interest rates for Contracts With Credit than for Contracts Without Credit. The interest rates we pay on the fixed interest rate options may be influenced by the asset-based charges assessed against the Separate Account. 36
Page 1 and 2: NOTICE REGARDING RESTRICTIONS ON AD
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Page 5 and 6: The Prudential Series Fund Jennison
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Page 11 and 12: PART I: STRATEGIC PARTNERS PLUS 3PR
Page 13 and 14: GLOSSARY continued Dollar Cost Aver
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Page 31 and 32: 1: WHAT IS THE STRATEGIC PARTNERS P
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6: WHAT IS THE INCOME APPRECIATOR B
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7: HOW CAN IPURCHASE ASTRATEGIC PAR
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8: WHAT ARE THE EXPENSES ASSOCIATED
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10: WHAT ARE THE TAX CONSIDERATIONS
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11: OTHER INFORMATION continued ▪
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Accumulation Unit Value at Beginnin
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STRATEGIC PARTNERS ANNUITY PRODUCT
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0% GROSS RATE OF RETURN YR SP FLEX
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10% GROSS RATE OF RETURN YR SP FLEX
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The following formula, which is set
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“a” Factors for Liability Calcu
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Contributions of up to the maximum
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(2) the distribution must be made i
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Many Prudential Financial companies
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The Prudential Insurance Company of
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