Premier Bb Series - Prudential Annuities

Owner, Annuitant and Beneficiary Designations: We will ask you to name the Owner(s), Annuitant and one or more Beneficiariesfor your Annuity.▪▪▪Owner: The Owner(s) holds all rights under the Annuity. You may name up to two Owners in which case all ownershiprights are held jointly. Generally, joint owners are required to act jointly; however, if each owner provides us with aninstruction that we find acceptable, we will permit each owner to act independently on behalf of both owners. All informationand documents that we are required to send you will be sent to the first named owner. The co-ownership by entity-owners oran entity-owner and an individual is not permitted. Refer to the Glossary of Terms for a complete description of the term“Owner.”Annuitant: The Annuitant is the person upon whose life we continue to make annuity payments. You must name anAnnuitant who is a natural person. We do not accept a designation of joint Annuitants during the accumulation period. Inlimited circumstances and where allowed by law, we may allow you to name one or more Contingent Annuitants with ourprior approval. Generally, a Contingent Annuitant will become the Annuitant if the Annuitant dies before the Annuity Date.Please refer to the discussion of “Considerations for Contingent Annuitants” in the Tax Considerations section of theProspectus. For Beneficiary Annuities, instead of an Annuitant there is a “Key Life” which is used to determine the annualrequired minimum distributions.Beneficiary: The Beneficiary is the person(s) or entity you name to receive the Death Benefit. Your Beneficiary Designationshould be the exact name of your beneficiary, not only a reference to the beneficiary’s relationship to you. If you use adesignation of “surviving spouse,” we will pay the Death Benefit to the individual that is your spouse at the time of yourdeath (as defined under the federal tax laws and regulations). If no beneficiary is named the Death Benefit will be paid to youor your estate. For Annuities that designate a custodian or a plan as Owner, the custodian or plan must also be designated asthe Beneficiary. For Beneficiary Annuities, instead of Beneficiary, the term “Successor” is used.Your right to make certain designations may be limited if your Annuity is to be used as an IRA, Beneficiary Annuity or other“qualified” investment that is given beneficial tax treatment under the Code. You should seek competent tax advice on the income,estate and gift tax implications of your designations.36