Strategic Partners Plus 3 - Prudential Annuities

TRANSFERS AMONG OPTIONS
Subject to certain restrictions, you can transfer money among the variable investment options and the one-year fixed interest rate
option. The minimum transfer amount is the lesser of $250 or the amount in the investment option from which the transfer is to be
made. In addition, you can transfer your Contract Value out of a market value adjustment guarantee period into another market
value adjustment guarantee period, into a variable investment option, or into a one-year fixed interest rate option, although a
market value adjustment will apply to any transfer you make outside the 30-day period discussed above. You may transfer Contract
Value into the market value adjustment option at any time, provided it is at least $1,000.
In general, you may make your transfer request by telephone, electronically, or otherwise in paper form to the Prudential Annuity
Service Center. We have procedures in place to confirm that instructions received by telephone or electronically are genuine. We
will not be liable for following unauthorized telephone or electronic instructions that we reasonably believed to be genuine. Your
transfer request will take effect at the end of the business day on which it was received in good order by us, or by certain entities
that we have specifically designated. Our business day generally closes at 4:00 p.m. Eastern time. Our business day may close
earlier, for example if regular trading on the New York Stock Exchange closes early. Transfer requests received after the close of
the business day will take effect at the end of the next business day.
With regard to the Market Value Adjustment Option, you can specify the guarantee period from which you wish to transfer. If you
request a transfer from the market value adjustment option, but you do not specify the guarantee period from which funds are to be
taken, then we will transfer funds from the guarantee period that has the least time remaining until its maturity date.
YOU CAN MAKE TRANSFERS OUT OF A FIXED INTEREST RATE OPTION, OTHER THAN THE DCA FIXED RATE OPTION,
ONLY DURING THE 30-DAY PERIOD FOLLOWING THE END OF THE ONE YEAR INTEREST RATE PERIOD. TRANSFERS
FROM THE DCA FIXED RATE OPTION ARE MADE ON A PERIODIC BASIS FOR THE PERIOD THAT YOU SELECT.
During the contract accumulation phase, you can make up to 12 transfers each contract year, among the investment options,
without charge. (As noted in the fee table, we have different transfer charges under the Beneficiary Continuation Option).
Currently, we charge $25 for each transfer after the twelfth in a contract year, and we have the right to increase this charge up to
$30. (Dollar Cost Averaging and Auto- Rebalancing transfers do not count toward the 12 free transfers per year.)
For purposes of the 12 free transfers per year that we allow, we will treat multiple transfers that are submitted on the same business
day as a single transfer.
ADDITIONAL TRANSFER RESTRICTIONS
We limit your ability to transfer among your contract’s variable investment options as permitted by applicable law. We impose a
yearly restriction on transfers. Specifically, once you have made 20 transfers among the subaccounts during a contract year, we will
accept any additional transfer request during that year only if the request is submitted to us in writing with an original signature and
otherwise is in good order. For purposes of this transfer restriction, we (i) do not view a facsimile transmission as a “writing”,
(ii) will treat multiple transfer requests submitted on the same business day as a single transfer, and (iii) do not count any transfer
that involves one of our systematic programs, such as asset allocation and automated withdrawals.
Frequent transfers among variable investment options in response to short-term fluctuations in markets, sometimes called “market
timing,” can make it very difficult for a portfolio manager to manage an underlying mutual fund’s investments. Frequent transfers
may cause the fund to hold more cash than otherwise necessary, disrupt management strategies, increase transaction costs, or affect
performance. For those reasons, the contract was not designed for persons who make programmed, large, or frequent transfers.
In light of the risks posed to contract owners and other fund investors by frequent transfers, we reserve the right to limit the number
of transfers in any contract year for all existing or new contract owners, and to take the other actions discussed below. We also
reserve the right to limit the number of transfers in any contract year or to refuse any transfer request for an owner or certain
owners if: (a) we believe that excessive transfer activity (as we define it) or a specific transfer request or group of transfer requests
may have a detrimental effect on accumulation unit values or the share prices of the underlying mutual funds; or (b) we are
informed by a fund (e.g., by the fund’s portfolio manager) that the purchase or redemption of fund shares must be restricted
because the fund believes the transfer activity to which such purchase and redemption relates would have a detrimental effect on
the share prices of the affected fund. Without limiting the above, the most likely scenario where either of the above could occur
would be if the aggregate amount of a trade or trades represented a relatively large proportion of the total assets of a particular
underlying mutual fund. In furtherance of our general authority to restrict transfers as described above, and without limiting other
actions we may take in the future, we have adopted the following specific restrictions:
▪ With respect to each variable investment option (other than the Prudential Money Market Portfolio), we track amounts exceeding
a certain dollar threshold that were transferred into the option. If you transfer such amount into a particular variable investment
option, and within 30 calendar days thereafter transfer (the “Transfer Out”) all or a portion of that amount into another variable
investment option, then upon the Transfer Out, the former variable investment option becomes restricted (the “Restricted
Option”). Specifically, we will not permit subsequent transfers into the Restricted Option for 90 calendar days after the Transfer
Out if the Restricted Option invests in a non-international fund, or 180 calendar days after the Transfer Out if the Restricted
Option invests in an international fund. For purposes of this rule, we do not (i) count transfers made in connection with one of our
Contract described herein is no longer available for sale.
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