403_b_ Sticker - Prudential Annuities

More documents

Recommendations

Info

AMERICAN SKANDIA LIFE ASSURANCE CORPORATIONAmerican Skandia Advisor Plan IIIAmerican Skandia APEX IIAmerican Skandia Xtra Credit SixAmerican Skandia Lifevest IIAmerican Skandia Advisors Choice 2000OptimumOptimum FourOptimum PlusSupplement to Prospectuses Dated May 1, 2007Supplement dated August 27, 2007This Supplement should be read and retained with the current Prospectus for yourannuity. This Supplement is intended to update certain information in the Prospectus forthe variable annuity you own, and is not intended to be a prospectus or offer for anyother variable annuity listed here that you do not own. If you would like another copy ofthe current Prospectus, please contact us at 1-888-PRU-2888.We are issuing this supplement to announce that the Highest Daily Lifetime Five IncomeBenefit is now available in New York. Accordingly, we make the following change to eachprospectus:In the Appendix entitled “Annuities Approved for Sale by the New York State InsuranceDepartment”, the “Optional Living Benefits” section is amended to reflect that a new livingbenefit, called “Highest Daily Lifetime Five”, is available in New York.CORESUP1
AMERICAN SKANDIA LIFE ASSURANCE CORPORATIONA Prudential Financial CompanyOne Corporate Drive, Shelton, Connecticut 06484AMERICANSKANDIAADVISORS CHOICE ® 2000(marketedby some firms as “Advisors Select 2000”)Flexible Premium Deferred AnnuityPROSPECTUS: MAY 1, 2007This Prospectus describes Advisors Choice ® 2000, a flexible premium deferred annuity (the “Annuity”) offered by American SkandiaLife Assurance Corporation (“American Skandia”, “we”, “our” or “us”).The Annuity may beoffered as an individual annuity contract oras an interest in a group annuity. This Prospectus describes the important features of the Annuity and what you should consider beforepurchasing the Annuity. The Annuity or certain of its investment options and/or features may not be available in all states. Variousrights, benefits and certain fees may differ among states to meet applicable laws and/or regulations. For more information aboutvariations applicable to your state, please refer to your Annuity contract or consult your Financial Professional. For some of the variationsspecific to Annuities approved for sale by the New York State Insurance Department, see Appendix I. Certain terms are capitalized in thisProspectus. Those terms are either defined in the Glossary of Terms or in the context of the particular section.American Skandia offers several different annuities which your Financial Professional may be authorized to offer to you. EachAnnuity has different features and benefits that may be appropriate for you based on your financial situation, your age and how youintend to use the annuity. Firms through which the Annuity is sold may decline to make available to their customers certain of theoptional features and investment options offered generally under the Annuity. The different features and benefits include variationsin death benefit protection and the ability to access your Annuity’s Account Value and the charges that you will besubject to if youchoose to surrender the annuity, make withdrawals, or transfer all or a portion of Account Value among available investmentoptions. The fees and charges you pay and compensation paid to your Financial Professional may also be different between eachannuity.THE SUB-ACCOUNTSEach Sub-account of American Skandia Life Assurance Corporation Variable Account B, invests in an underlying mutual fundportfolio. Currently, portfolios of the following underlying mutual funds are being offered: AIM Variable Insurance Funds,Advanced Series Trust (formerly named American Skandia Trust), Evergreen Variable Annuity Trust, First Defined Portfolio FundLLC, Gartmore Variable Insurance Trust, ProFund VP, The Prudential Series Fund, Rydex Variable Trust and Wells FargoVariable Trust. See the following page for a complete list of Sub-accounts.PLEASE READ THIS PROSPECTUSPlease read this prospectus and the current prospectus for the underlying mutual funds. Keep them for future reference. Ifyou are purchasing the Annuity as a replacement for existing variable annuity or variable life coverage, you should consider anysurrender or penalty charges you may incur when replacing your existing coverage.AVAILABLE INFORMATIONWe have also filed a Statement of Additional Information that is available from us, without charge, upon your request. Thecontents of the Statement of Additional Information are described on page 99. This Prospectus is part of the registration statementwe filed with the SEC regarding this offering. Additional information on us and this offering is available in the registrationstatement and the exhibits thereto. You may review and obtain copies of these materials atthe prescribed rates from the SEC’sPublic Reference Section, 100 F Street N.E., Washington, D.C., 20549 (see SEC file number 333-08853). These documents, aswell as documents incorporated by reference, may also be obtained through the SEC’s Internet Website (http://www.sec.gov) forthis registration statement as well as for other registrants that file electronically with the SEC.This annuity is NOT a deposit or obligation of, or issued, guaranteed or endorsed by, any bank, are NOT insured or guaranteedby the U.S. government, the Federal Deposit Insurance Corporation (FDIC), the Federal Reserve Board or any other agency.An investment in this annuity involves investment risks, including possible loss of value, even with respect to amounts allocatedto the AST Money Market sub-account.THESE SECURITIES HAVE NOT BEEN APPROVED OR DISAPPROVED BY THE SECURITIES AND EXCHANGECOMMISSION OR ANY STATE SECURITIES COMMISSION NOR HAS THE COMMISSION OR ANY STATESECURITIES COMMISSION PASSED UPON THE ACCURACY OR ADEQUACY OF THIS PROSPECTUS. ANYREPRESENTATION TO THE CONTRARY IS A CRIMINAL OFFENSE.AMERICAN SKANDIA ADVISORS CHOICE ® 2000 IS A REGISTERED SERVICE MARK OF THE PRUDENTIALINSURANCE COMPANY OF AMERICA AND ISUSED UNDER LICENSE BYITS AFFILIATES.FORFURTHER INFORMATION CALL: 1-800-752-6342Prospectus Dated: May 1, 2007CH2PROSStatement of Additional Information Dated: May 1, 2007CHOICE2000PLEASE SEE OUR PRIVACYPOLICY AND OUR IRA, ROTH IRA AND FINANCIAL DISCLOSURESTATEMENTS ATTACHED TO THE BACK COVER OF THIS PROSPECTUS.
Page 1: AMERICAN SKANDIA LIFE ASSURANCE COR
Page 5 and 6: CONTENTSINTRODUCTION ..............
Page 7 and 8: INTRODUCTIONWHY WOULD I CHOOSE TO P
Page 9 and 10: Guarantee PeriodA period of time du
Page 11 and 12: SUMMARY OF CONTRACT FEES AND CHARGE
Page 13 and 14: The following are the total annual
Page 15 and 16: UNDERLYING MUTUAL FUND PORTFOLIO AN
Page 17 and 18: Fund, LLC that allows First Trust t
Page 19 and 20: INVESTMENT OPTIONSWHAT ARE THE INVE
Page 21 and 22: STYLE/TYPEASSETALLOCA-TION/BALANCED
Page 23 and 24: STYLE/TYPEASSETALLOCA-TION/BALANCED
Page 25 and 26: STYLE/TYPEINTER-NATIONALEQUITYLARGE
Page 27 and 28: STYLE/TYPESPECIALTYASSETALLOCA-TION
Page 29 and 30: STYLE/TYPESPECIALTYSPECIALTYSPECIAL
Page 31 and 32: STYLE/TYPESPECIALTYSPECIALTYINVESTM
Page 33 and 34: STYLE/TYPEINVESTMENT OBJECTIVES/POL
Page 35 and 36: STYLE/TYPESPECIALTYSPECIALTYSPECIAL
Page 37 and 38: een passed on by the Corporations a
Page 39 and 40: combination of the Mortality & Expe
Page 41 and 42: MANAGING YOUR ANNUITYMAY I CHANGE T
Page 43 and 44: MANAGING YOUR ACCOUNT VALUEHOW AND
Page 45 and 46: DO YOU OFFER DOLLAR COST AVERAGING?
Page 47 and 48: advisor has also acted as your Fina
Page 49 and 50: Example of Positive MVAAssume that
Page 51 and 52: certain required information in wri
Page 53 and 54:
the first annuity payment is determ
Page 55 and 56:
Key Feature - Protected Principal V
Page 57 and 58:
Allocations in support of the Prote
Page 59 and 60:
e transferred to or from the Fixed
Page 61 and 62:
and amount of withdrawals. The prog
Page 63 and 64:
Other Important Considerations▪ W
Page 65 and 66:
▪▪▪▪The Maximum Protected I
Page 67 and 68:
▪▪Annuity payments madeunder th
Page 69 and 70:
If you elected theLifetime Five pro
Page 71 and 72:
BENEFITS UNDER THE LIFETIME FIVE PR
Page 73 and 74:
We offer a program that guarantees
Page 75 and 76:
We must receive your request inafor
Page 77 and 78:
your life, provided that you have n
Page 79 and 80:
Annual Income Amount will be steppe
Page 81 and 82:
If the sum of (a) and (b) is greate
Page 83 and 84:
DEATH BENEFITWHAT TRIGGERS THE PAYM
Page 85 and 86:
Combination 5% Roll-up and Highest
Page 87 and 88:
Annuities with Joint OwnersFor Annu
Page 89 and 90:
In addition to the materials refere
Page 91 and 92:
financial transactions involving pu
Page 93 and 94:
After the full amount of your Purch
Page 95 and 96:
CONTRACTS HELD BY TAX FAVORED PLANS
Page 97 and 98:
In any event, you must begin receiv
Page 99 and 100:
waive that right, in writing. Gener
Page 101 and 102:
Separate Account BDuring the accumu
Page 103 and 104:
WHO DISTRIBUTES ANNUITIESOFFERED BY
Page 105 and 106:
administrative system, all occurred
Page 107 and 108:
AMERICAN SKANDIA ADVISORS CHOICE ®
Page 109 and 110:
Sub-account 2006 2005 2004 2003 200
Page 111 and 112:
Sub-account 2006 2005 2004 2003 200
Page 113 and 114:
Sub-account 2006 2005 2004 2003 200
Page 115 and 116:
Sub-account 2006 2005 2004 2003 200
Page 117 and 118:
Sub-account 2006 2005 2004 2003 200
Page 119 and 120:
Sub-account 2006 2005 2004 2003 200
Page 121 and 122:
Sub-account 2006 2005 2004 2003 200
Page 123 and 124:
Sub-account 2006 2005 2004 2003 200
Page 125 and 126:
Sub-account 2006 2005 2004 2003 200
Page 127 and 128:
Sub-account 2006 2005 2004 2003 200
Page 129 and 130:
Sub-account 2006 2005 2004 2003 200
Page 131 and 132:
APPENDIX B-CALCULATION OF OPTIONAL
Page 133 and 134:
Basic Death Benefit = max [$75,000,
Page 135 and 136:
APPENDIX C-1 - ADVISOR'S CHOICE PRI
Page 137 and 138:
APPENDIX C-2 - ADVISOR'S DESIGN PRI
Page 139 and 140:
APPENDIX D — PERFORMANCE ADVANTAG
Page 141 and 142:
APPENDIX E - PLUS40 OPTIONAL LIFE
Page 143 and 144:
The charge for the Plus40 rider ma
Page 145 and 146:
APPENDIX F - DESCRIPTION AND CALCUL
Page 147 and 148:
If you surrender the Annuity, elect
Page 149 and 150:
APPENDIX G-ADDITIONAL INFORMATION O
Page 151 and 152:
APPENDIXAH - ASSET TRANSFER FORMULA
Page 153 and 154:
Age 65 “a” Factors for Liabilit
Page 155 and 156:
APPENDIX I - ANNUITIES APPROVED FOR
Page 157 and 158:
AMERICAN SKANDIA LIFE ASSURANCE COR
Page 159 and 160:
limit, your contribution is fully d
Page 161 and 162:
If you die before your required beg
Page 163 and 164:
AMERICAN SKANDIA LIFE ASSURANCE COR
Page 165 and 166:
Requirements — You can convert am
Page 167 and 168:
Excess accumulation excise tax —
Page 169 and 170:
FINANCIAL DISCLOSUREAMERICAN SKANDI
Page 171 and 172:
HIGHLIGHTS OF PENSION PROTECTION AC
Page 173 and 174:
PRIVACY NOTICEThis notice is being
Page 175 and 176:
[THIS PAGE INTENTIONALLY LEFT BLANK
Page 177 and 178:
PLEASE SEND ME A STATEMENT OF ADDIT
show all

403_b_ Sticker - Prudential Annuities

Create successful ePaper yourself

Delete template?

Save as template?