Premier Bb Series - Prudential Annuities

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CONTENTSGLOSSARY OF TERMS ................................................................................... 1SUMMARY OF CONTRACT FEES AND CHARGES ........................................................... 4EXPENSE EXAMPLE ..................................................................................... 14SUMMARY .............................................................................................. 15INVESTMENT OPTIONS .................................................................................. 19WHAT ARE THE INVESTMENT OBJECTIVES AND POLICIES OF THE PORTFOLIOS? ............................ 19WHAT ARE THE FIXED RATE OPTIONS? .................................................................. 28FEES AND CHARGES ..................................................................................... 31WHAT ARE THE CONTRACT FEES AND CHARGES? ........................................................ 31WHAT CHARGES APPLY TO THE FIXED RATE OPTIONS? ................................................... 32WHAT CHARGES APPLY IF I CHOOSE AN ANNUITY PAYMENT OPTION? ..................................... 33EXCEPTIONS/REDUCTIONS TO FEES AND CHARGES ....................................................... 33PURCHASING YOUR ANNUITY ............................................................................ 34WHAT ARE OUR REQUIREMENTS FOR PURCHASING THE ANNUITY? ........................................ 34MANAGING YOUR ANNUITY ............................................................................. 37MAY I CHANGE THE OWNER, ANNUITANT AND BENEFICIARY DESIGNATIONS? ............................. 37MAY I RETURN MY ANNUITY IF I CHANGE MY MIND? ..................................................... 38MAY I MAKE ADDITIONAL PURCHASE PAYMENTS? ....................................................... 38MAY I MAKE SCHEDULED PAYMENTS DIRECTLY FROM MY BANK ACCOUNT? .............................. 38MAY I MAKE PURCHASE PAYMENTS THROUGH A SALARY REDUCTION PROGRAM? ......................... 39MANAGING YOUR ACCOUNT VALUE ..................................................................... 40HOW AND WHEN ARE PURCHASE PAYMENTS INVESTED? ................................................. 40ARE THERE RESTRICTIONS OR CHARGES ON TRANSFERS BETWEEN INVESTMENT OPTIONS? ................. 40DO YOU OFFER MORE THAN ONE DOLLAR COST AVERAGING PROGRAM? .................................. 41DO YOU OFFER ANY AUTOMATIC REBALANCING PROGRAMS? ............................................ 41MAY I GIVE MY FINANCIAL PROFESSIONAL PERMISSION TO FORWARD TRANSACTION INSTRUCTIONS? ...... 42ACCESS TO ACCOUNT VALUE ............................................................................ 43WHAT TYPES OF DISTRIBUTIONS ARE AVAILABLE TO ME? ................................................ 43ARE THERE TAX IMPLICATIONS FOR DISTRIBUTIONS? .................................................... 43CAN I WITHDRAW A PORTION OF MY ANNUITY? .......................................................... 43HOW MUCH CAN I WITHDRAW AS A FREE WITHDRAWAL? ................................................. 44CAN I MAKE PERIODIC WITHDRAWALS FROM MY ANNUITY DURING THE ACCUMULATION PERIOD? ......... 44DO YOU OFFER A PROGRAM FOR WITHDRAWALS UNDER SECTIONS 72(t)/72(q) OF THE INTERNAL REVENUECODE? ............................................................................................... 44WHAT ARE REQUIRED MINIMUM DISTRIBUTIONS AND WHEN WOULD I NEED TO MAKE THEM? .............. 45CAN I SURRENDER MY ANNUITY FOR ITS VALUE? ........................................................ 45WHAT IS A MEDICALLY-RELATED SURRENDER AND HOW DO I QUALIFY? .................................. 46WHAT TYPES OF ANNUITY OPTIONS ARE AVAILABLE? .................................................... 46HOW AND WHEN DO I CHOOSE THE ANNUITY PAYMENT OPTION? ......................................... 47LIVING BENEFITS ....................................................................................... 48DO YOU OFFER PROGRAMS DESIGNED TO PROVIDE INVESTMENT PROTECTION FOR OWNERS WHILE THEYARE ALIVE? .......................................................................................... 48HIGHEST DAILY GUARANTEED RETURN OPTION II SM (HD GRO SM II) ......................................... 50HIGHEST DAILY GUARANTEED RETURN OPTION SM (HD GRO) SM ............................................. 54GUARANTEED MINIMUM INCOME BENEFIT (GMIB) ........................................................ 59LIFETIME FIVE SM INCOME BENEFIT (LIFETIME FIVE) SM ..................................................... 63SPOUSAL LIFETIME FIVE SM INCOME BENEFIT (SPOUSAL LIFETIME FIVE) SM .................................. 68HIGHEST DAILY LIFETIME FIVE SM INCOME BENEFIT (HIGHEST DAILY LIFETIME FIVE) SM ..................... 72HIGHEST DAILY LIFETIME SEVEN SM INCOME BENEFIT (HD7) SM ............................................. 80SPOUSAL HIGHEST DAILY LIFETIME SEVEN SM INCOME BENEFIT (SHD7) SM ................................... 92HIGHEST DAILY LIFETIME 7 PLUS SM INCOME BENEFIT (HIGHEST DAILY LIFETIME 7 PLUS) SM ..................102SPOUSAL HIGHEST DAILY LIFETIME 7 PLUS SM INCOME BENEFIT (SPOUSAL HIGHEST DAILY LIFETIME 7PLUS) SM ..............................................................................................115(i)
Page 2 and 3: 4 AST Goldman Sachs Mid-Cap Growth
Page 7 and 8: GLOSSARY OF TERMSMany terms used wi
Page 9 and 10: Owner: With an Annuity issued as an
Page 11 and 12: ANNUAL FEES/CHARGES OF THE SUB-ACCO
Page 13 and 14: YOUR OPTIONAL BENEFIT FEES AND CHAR
Page 15 and 16: TOTAL ANNUAL PORTFOLIO OPERATING EX
Page 17 and 18: UNDERLYINGPORTFOLIOUNDERLYING MUTUA
Page 19 and 20: 19 AST Neuberger Berman/LSV Mid-Cap
Page 21 and 22: SUMMARYPrudential Premier Variable
Page 23 and 24: Options for Guaranteed Accumulation
Page 25 and 26: INVESTMENT OPTIONSWHAT ARE THE INVE
Page 27 and 28: Group II: Custom Portfolios Program
Page 29 and 30: ADVANCED SERIESTRUST (“AST”)POR
Page 35 and 36: Option. You may have money allocate
Page 37 and 38: FEES AND CHARGESThe charges under t
Page 39 and 40: WHAT CHARGES APPLY IF I CHOOSE AN A
Page 41 and 42: distributions based on lives age 70
Page 43 and 44: MANAGING YOUR ANNUITYMAY I CHANGE T
Page 45 and 46: MAY I MAKE PURCHASE PAYMENTS THROUG
Page 47 and 48: ▪We reserve the right to effect e
Page 49 and 50: ACCESS TO ACCOUNT VALUEWHAT TYPES O
Page 51 and 52: prior to age 59 1 ⁄2 if you elect
Page 53 and 54: 120 payments. If an annuity option
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of these benefits are no longer ava
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EXAMPLEThis example is purely hypot
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Under the operation of the formula,
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described below) in accordance with
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your Account Value may be allocated
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make, less than 90% of your entire
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The following examples of dollar-fo
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Upon termination of the GMIB benefi
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Withdrawal Amount (“Excess Withdr
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We must receive your request in a f
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to step-up, the charges under the S
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▪▪You will begin paying the cha
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The Enhanced Protected Withdrawal V
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** In this example, the first quart
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Return of Principal GuaranteeIf you
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As indicated, withdrawals made whil
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successive Valuation Days, but more
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Continuing the same example as abov
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Highest Daily Lifetime Seven can be
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necessarily directly correlated wit
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the quarter-end is not a Valuation
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prevent all of your Account Value f
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If you have not made a withdrawal o
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quarterly Account Value adjusted fo
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election of the benefit and at the
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Therefore, at any given time, some,
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Optional 90% Cap Feature for the Fo
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If you have not made a Lifetime Wit
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Example of dollar-for-dollar reduct
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distribution amount is not greater
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number as the previous owner, (b) o
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Investment Grade Bond Sub-account t
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later than December 31 st of the ye
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Withdrawals of any amount (excludin
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Return of Principal GuaranteeIf you
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Here is the calculation:Account Val
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Annual Income Amount = $5,000Remain
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▪▪Co-Annuity Owners, where the
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eceive 25% of the death benefit); (
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Amount for that Annuity Year to $0.
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In any year in which the requiremen
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We deduct this charge on quarterly
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the Bond Sub-account that would res
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egulatory approval and will be offe
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Purchase Payments. If you are eligi
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(b) 200% (on the 10 th anniversary)
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Anniversary in subsequent years), a
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subsequent Annuity Year is $5,000)
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egin taking withdrawals for many ye
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DEATH BENEFITWHAT TRIGGERS THE PAYM
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Highest Daily Value Death Benefit (
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▪▪sum within the 5 Year Deadlin
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VALUING YOUR INVESTMENTHOW IS MY AC
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Medically-Related Surrenders & Deat
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payments will be treated as a nonta
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terminate upon the death of the gra
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SEPs. SEPs are a variation on a sta
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▪▪If you die before a designate
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GENERAL INFORMATIONHOW WILL I RECEI
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percentage of contract holders who
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Name of Firm: [TO BE UPDATED]1st Gl
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InternetAccess information about yo
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Pruco Life’s litigation and regul
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Sub-AccountsAccumulationUnit Value
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Examples of Highest Daily Value Dea
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The following formula, which is set
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[THIS PAGE INTENTIONALLY LEFT BLANK
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FORMULA FOR ANNUITIES WITH 90% CAP
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FORMULA FOR ELECTIONS OF HD GRO MAD
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The following formula, which is set
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Investment Grade Bond Portfolio Sub
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▪ If on the third consecutive Val
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If the formula ratio is less than a
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The formula will transfer assets in
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TRANSFER CALCULATION:The following
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You can have a traditional IRA whet
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2. Rollovers from an employer retir
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contributions were made to your tra
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PRUCO LIFE INSURANCE COMPANY (PRUCO
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ConversionsYou can convert a tradit
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You may not have to pay the 10% add
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CDSC would otherwise apply to a par
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The Prudential Insurance Company of
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Premier Bb Series - Prudential Annuities

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