XTra Credit Premier - Prudential Annuities

TABLE OF CONTENTSGLOSSARY OF TERMS..........................................................................................................................................................................6SUMMARY OF CONTRACT FEES AND CHARGES...........................................................................................................................7EXPENSE EXAMPLES..........................................................................................................................................................................11INVESTMENT OPTIONS ......................................................................................................................................................................12WHAT ARE THE INVESTMENT OBJECTIVES AND POLICIES OF THE PORTFOLIOS? .......................................................12WHAT ARE THE FIXED INVESTMENT OPTIONS? .....................................................................................................................29FEES AND CHARGES...........................................................................................................................................................................30WHAT ARE THE CONTRACT FEES AND CHARGES? ................................................................................................................30WHAT CHARGES APPLY SOLELY TO THE VARIABLE INVESTMENT OPTIONS? ..............................................................30WHAT CHARGES ARE ASSESSED BY THE PORTFOLIOS? ......................................................................................................31WHAT CHARGES APPLY TO THE FIXED ALLOCATIONS? ......................................................................................................31WHAT CHARGES APPLY IF I CHOOSE AN ANNUITY PAYMENT OPTION? .........................................................................31EXCEPTIONS/REDUCTIONS TO FEES AND CHARGES .............................................................................................................31PURCHASING YOUR ANNUITY.........................................................................................................................................................32WHAT ARE OUR REQUIREMENTS FOR PURCHASING THE ANNUITY?...............................................................................32MANAGING YOUR ANNUITY............................................................................................................................................................33MAY I CHANGE THE OWNER, ANNUITANT AND BENEFICIARY DESIGNATIONS?..........................................................33MAY I RETURN THE ANNUITY IF I CHANGE MY MIND?........................................................................................................33MAY I MAKE ADDITIONAL PURCHASE PAYMENTS? .............................................................................................................33MAY I MAKE SCHEDULED PAYMENTS DIRECTLY FROM MY BANK ACCOUNT?............................................................34MAY I MAKE PURCHASE PAYMENTS THROUGH A SALARY REDUCTION PROGRAM?..................................................34MANAGING YOUR ACCOUNT VALUE ............................................................................................................................................34HOW AND WHEN ARE PURCHASE PAYMENTS INVESTED? ..................................................................................................34HOW DO I RECEIVE CREDITS?......................................................................................................................................................34HOW ARE CREDITS APPLIED TO MY ACCOUNT VALUE?......................................................................................................35ARE THERE RESTRICTIONS OR CHARGES ON TRANSFERS BETWEEN INVESTMENT OPTIONS?.................................37DO YOU OFFER DOLLAR COST AVERAGING? ..........................................................................................................................37DO YOU OFFER ANY AUTOMATIC REBALANCING PROGRAMS? ........................................................................................38DO YOU OFFER PROGRAMS DESIGNED TO GUARANTEE A "RETURN OF PREMIUM" AT A FUTURE DATE?............38MAY I AUTHORIZE MY INVESTMENT PROFESSIONAL TO MANAGE MY ACCOUNT? ....................................................40HOW DO THE FIXED INVESTMENT OPTIONS WORK?.............................................................................................................40HOW DO YOU DETERMINE RATES FOR FIXED ALLOCATIONS? ..........................................................................................41HOW DOES THE MARKET VALUE ADJUSTMENT WORK?......................................................................................................41WHAT HAPPENS WHEN MY GUARANTEE PERIOD MATURES? ............................................................................................42AMERICAN SKANDIA’S PERFORMANCE ADVANTAGE .............................................................................................................42ACCESS TO ACCOUNT VALUE .........................................................................................................................................................44WHAT TYPES OF DISTRIBUTIONS ARE AVAILABLE TO ME?................................................................................................44ARE THERE TAX IMPLICATIONS FOR DISTRIBUTIONS?........................................................................................................44CAN I WITHDRAW A PORTION OF MY ANNUITY?...................................................................................................................44HOW MUCH CAN I WITHDRAW AS A FREE WITHDRAWAL?.................................................................................................45IS THERE A CHARGE FOR A PARTIAL WITHDRAWAL?..........................................................................................................45CAN I MAKE PERIODIC WITHDRAWALS FROM THE ANNUITY DURING THE ACCUMULATION PERIOD? ................46DO YOU OFFER A PROGRAM FOR WITHDRAWALS UNDER SECTION 72(T) OF THE INTERNAL REVENUE CODE? .46WHAT ARE MINIMUM DISTRIBUTIONS AND WHEN WOULD I NEED TO MAKE THEM? ................................................46CAN I SURRENDER MY ANNUITY FOR ITS VALUE?................................................................................................................47WHAT IS A MEDICALLY-RELATED SURRENDER AND HOW DO I QUALIFY? ...................................................................47WHAT TYPES OF ANNUITY OPTIONS ARE AVAILABLE?.......................................................................................................47HOW AND WHEN DO I CHOOSE THE ANNUITY PAYMENT OPTION? ..................................................................................48Contract described herein is no longer available for sale.4