Premier Bb Series - Prudential Annuities

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HOW MUCH CAN I WITHDRAW AS A FREE WITHDRAWAL?The maximum Free Withdrawal amount during each Annuity Year is equal to 10% of all Purchase Payments that are subject to aCDSC. Withdrawals made within an Annuity Year reduce the Free Withdrawal amount available for the remainder of the AnnuityYear. If you do not make a withdrawal during an Annuity Year, you are not allowed to carry over the Free Withdrawal amount to thenext Annuity Year.CAN I MAKE PERIODIC WITHDRAWALS FROM MY ANNUITY DURING THE ACCUMULATION PERIOD?Yes. Our systematic withdrawal program is an administrative program designed for you to withdraw a specified amount from yourAnnuity on an automated basis at the frequency you select (“systematic withdrawals”). This program is available to you at noadditional charge. We may cease offering this program or change the administrative rules related to the program at any time on a nondiscriminatorybasis.You may not have a systematic withdrawal program, as described in this section, if you are receiving substantially equal periodicpayments under Sections 72(t) and 72(q) of the Internal Revenue Code or Required Minimum Distributions.You may terminate your systematic withdrawal program at any time. Ownership changes to, and assignment of, your Annuity will terminateany systematic withdrawal program on the Annuity as of the effective date of the change or assignment. Requesting partial withdrawals whileyou have a systematic withdrawal program may also terminate your systematic withdrawal program as described below.Systematic withdrawals can be made from your Account Value allocated to the Sub-accounts or certain MVA Options. Please notethat systematic withdrawals may be subject to any applicable CDSC and/or an MVA. We will determine whether a CDSC appliesand the amount in the same way as we would for a partial withdrawal.The minimum amount for each systematic withdrawal is $100. If any scheduled systematic withdrawal is for less than $100 (which mayoccur under a program that provides payment of an amount equal to the earnings in your Annuity for the period requested), we maypostpone the withdrawal and add the expected amount to the amount that is to be withdrawn on the next scheduled systematic withdrawal.If you do not have an optional benefit, we will withdraw systematic withdrawals from the Investment Options you have designated(your “designated Investment Options”). If you do not designate Investment Options for systematic withdrawals, we will withdrawsystematic withdrawals pro rata based on the Account Value in the Investment Options at the time we pay out your withdrawal. “Prorata” means that the percentage of each Investment Option withdrawn is the same percentage that the Investment Option bears to thetotal Account Value. For any scheduled systematic withdrawal for which you have elected a specific dollar amount and havespecified percentages to be withdrawn from your designated Investment Options, if the amounts in your designated InvestmentOptions cannot satisfy such instructions, we will withdraw systematic withdrawals pro rata (as described above) based on theAccount Value across all of your Investment Options.If you have a Guaranteed Lifetime Minimum Withdrawal Benefit and elect, or have elected, to receive withdrawals under the benefitusing our systematic withdrawal program, please be advised of the current administrative rules associated with this program:▪ Excluding Lifetime Five, systematic withdrawals must be taken from your Account Value on a pro rata basis from the InvestmentOptions at the time we process each withdrawal.▪ If you either have an existing or establish a new systematic withdrawal program for a) your Annual Income Amount or AnnualWithdrawal Amount (only applicable to Lifetime Five) or LIA Amount (only applicable to a Lifetime Income Accelerator Benefit) or b)for a designated amount that is less than your Annual Income Amount, and we receive a request for a partial withdrawal from yourAnnuity in Good Order, we will process your partial withdrawal request and may cancel your systematic withdrawal program.▪ If you either have or establish a new systematic withdrawal program for an amount greater than your Annual Income Amount orLIA Amount, it is important to note that these systematic withdrawals may result in Excess Income which will negatively impactyour guaranteed withdrawal amounts available in future Annuity Years. Taking partial withdrawals in addition to your systematicwithdrawal program will further increase the impact on your future guaranteed withdrawal amounts.▪ For a discussion of how a withdrawal of Excess Income would impact your optional living benefits, see “Living Benefits” later inthis prospectus.Gross Withdrawal or Net Withdrawal. Generally, you can request either a gross withdrawal or a net withdrawal. If, however, you are takingyour withdrawal under your living benefit as described above through our Systematic Withdrawal program, you will only be permitted totake that withdrawal on a gross basis. In a gross withdrawal, you request a specific withdrawal amount with the understanding that theamount you actually receive is reduced by an applicable CDSC or tax withholding. In a net withdrawal, you request a withdrawal for anexact dollar amount with the understanding that any applicable deduction for CDSC or tax withholding is taken from your Account Value.This means that an amount greater than the amount of your requested withdrawal will be deducted from your Unadjusted Account Value. Tomake sure that you receive the full amount requested, we calculate the entire amount, including the amount generated due to the CDSC ortax withholding, that will need to be withdrawn. We then apply the CDSC or tax withholding to that entire amount. As a result, you will paya greater CDSC or have more tax withheld if you elect a net withdrawal.DO YOU OFFER A PROGRAM FOR WITHDRAWALS UNDER SECTIONS 72(t)/72(q) OF THE INTERNAL REVENUECODE?Yes. If your Annuity is used as a funding vehicle for certain retirement plans that receive special tax treatment under Sections 401,403(b), 408 or 408A of the Code, Section 72(t) of the Code may provide an exception to the 10% penalty tax on distributions made44
prior to age 59 1 ⁄2 if you elect to receive distributions as a series of “substantially equal periodic payments.” For contracts issued asnon-qualified annuities, the Internal Revenue Code provides for the same exemption from penalty under Section 72(q) of the Code.Distributions received under these provisions in any Annuity Year that exceed the maximum amount available as a free withdrawalwill be subject to any applicable CDSC. To request a program that complies with Sections 72(t)/72(q), you must provide us withcertain required information in writing on a form acceptable to us. We may require advance notice to allow us to calculate the amountof 72(t)/72(q) withdrawals. There is no minimum Surrender Value we require to allow you to begin a program for withdrawals underSections 72(t)/72(q). The minimum amount for any such withdrawal is $100 and payments may be made monthly, quarterly, semiannuallyor annually.You may also annuitize your contract and begin receiving payments for the remainder of your life (or life expectancy) as a means ofreceiving income payments before age 59 1 ⁄2 that are not subject to the 10% penalty.WHAT ARE REQUIRED MINIMUM DISTRIBUTIONS AND WHEN WOULD I NEED TO MAKE THEM?(See “Tax Considerations” for a further discussion of Required Minimum Distributions.)Required Minimum Distributions are a type of Systematic Withdrawal we allow to meet distribution requirements under Sections401, 403(b) or 408 of the Code. Required Minimum Distribution rules do not apply to Roth IRAs during the owner’s lifetime. Underthe Code, you may be required to begin receiving periodic amounts from your Annuity. In such case, we will allow you to makeSystematic Withdrawals in amounts that satisfy the minimum distribution rules under the Code. We do not assess a CDSC onRequired Minimum Distributions from your Annuity if you are required by law to take such Required Minimum Distributions fromyour Annuity at the time it is taken provided the amount withdrawn is the amount we calculate as the RMD and is paid out through aprogram of systematic withdrawals that we make available. However, a CDSC (if applicable) may be assessed on that portion of aSystematic Withdrawal that is taken to satisfy the Required Minimum Distribution provisions in relation to other savings orinvestment plans under other qualified retirement plans not maintained with Pruco Life.The amount of the Required Minimum Distribution for your particular situation may depend on other annuities, savings orinvestments. We will only calculate the amount of your Required Minimum Distribution based on the value of your Annuity. Werequire three (3) days advance written notice to calculate and process the amount of your payments. You may elect to have RequiredMinimum Distributions paid out monthly, quarterly, semi-annually or annually. The $100 minimum amount that applies toSystematic Withdrawals applies to monthly Required Minimum Distributions but does not apply to Required Minimum Distributionstaken out on a quarterly, semi-annual or annual basis.You may also annuitize your contract and begin receiving payments for the remainder of your life (or life expectancy) as a means ofreceiving income payments and satisfying the Required Minimum Distribution provisions under the Code.Please see “Highest Daily Lifetime 6 Plus” under the subsection “Required Minimum Distributions” for further information relatingto Required Minimum Distributions if you own that benefit.CAN I SURRENDER MY ANNUITY FOR ITS VALUE?Yes. During the accumulation period you can surrender your Annuity at any time. Upon surrender, you will receive the SurrenderValue. Upon surrender of your Annuity, you will no longer have any rights under the surrendered Annuity.For purposes of calculating any applicable CDSC on surrender, the Purchase Payments being withdrawn may be greater than yourremaining Account Value or the amount of your withdrawal request. This is most likely to occur if you have made prior withdrawalsunder the Free Withdrawal provision or if your Account Value has declined in value due to negative market performance. In thatscenario, we would determine the CDSC amount as the applicable percentage of the Purchase Payments being withdrawn, rather thanas a percentage of the remaining Account Value or withdrawal request. Thus, the CDSC would be greater than if it were calculated asa percentage of remaining Account Value or withdrawal amount.Under certain annuity payment options, you may be allowed to surrender your Annuity for its then current value.To request the forms necessary to surrender your Annuity, call 1-888-PRU-2888 or visit our Internet Website atwww.prudentialannuities.com.We apply as a threshold, in certain circumstances, a minimum Surrender Value of $1,000. If you purchase an Annuity without alifetime guaranteed minimum withdrawal benefit, we will not allow you to take any withdrawals that would cause your Annuity’sAccount Value, after taking the withdrawal, to fall below the minimum Surrender Value. Likewise, if you purchase an Annuity withcertain lifetime guaranteed minimum withdrawal benefits, we will not allow you to take a Non-Lifetime Withdrawal (see “LivingBenefits”) that would cause your Annuity’s Account Value, after taking the withdrawal, to fall below the minimum Surrender Value.See “What Types of Annuity Options Are Available?” for information on the impact of the minimum Surrender Value atannuitization.45
Page 2 and 3: 4 AST Goldman Sachs Mid-Cap Growth
Page 5: CONTENTSGLOSSARY OF TERMS .........
Page 8 and 9: Good Order: An instruction received
Page 10 and 11: SUMMARY OF CONTRACT FEES AND CHARGE
Page 12 and 13: YOUR OPTIONAL BENEFIT FEES AND CHAR
Page 14 and 15: 1 How Living Benefit Charges are De
Page 16 and 17: UNDERLYINGPORTFOLIOUNDERLYING MUTUA
Page 18 and 19: 1 AST Advanced Strategies Portfolio
Page 20 and 21: EXPENSE EXAMPLEThis example is inte
Page 22 and 23: Where should I invest my money? Wit
Page 24 and 25: Charges for Optional Benefits: If y
Page 26 and 27: Group I: Allowable Benefit Allocati
Page 28 and 29: Certain optional living benefits (e
Page 30 and 31: ADVANCED SERIESTRUST (“AST”)POR
Page 36 and 37: ▪ If you are not participating in
Page 38 and 39: increase the Annual Maintenance Fee
Page 40 and 41: PURCHASING YOUR ANNUITYPlease note
Page 42 and 43: Owner, Annuitant and Beneficiary De
Page 44 and 45: Account. The ability to continue th
Page 46 and 47: MANAGING YOUR ACCOUNT VALUEHOW AND
Page 48 and 49: Any transfer to or from any Sub-acc
Page 52 and 53: WHAT IS A MEDICALLY-RELATED SURREND
Page 54 and 55: LIVING BENEFITSDO YOU OFFER BENEFIT
Page 56 and 57: HIGHEST DAILY GUARANTEED RETURN OPT
Page 58 and 59: pre-determined mathematical formula
Page 60 and 61: Special Considerations under HD GRO
Page 62 and 63: HD GRO, by moving assets out of cer
Page 64 and 65: ▪▪▪▪▪You cannot participa
Page 66 and 67: Key Feature - Protected Income Valu
Page 68 and 69: On the date that you elect to begin
Page 70 and 71: Step-Up of the Protected Withdrawal
Page 72 and 73: Annual Income Amount for future Ann
Page 74 and 75: Additional Tax ConsiderationsIf you
Page 76 and 77: BENEFITS UNDER THE SPOUSAL LIFETIME
Page 78 and 79: As indicated, withdrawals made whil
Page 80 and 81: The Highest Daily Lifetime Five ben
Page 82 and 83: ▪▪▪▪▪▪example, withdraw
Page 84 and 85: Depending on the results of the for
Page 86 and 87: Once the 90% cap feature is met, fu
Page 88 and 89: that varies based on the age of the
Page 90 and 91: ▪▪If no withdrawal was ever tak
Page 92 and 93: we use 5% in the formula, irrespect
Page 94 and 95: Upon a death that triggers payment
Page 96 and 97: LIA amount at the first Withdrawal.
Page 98 and 99: Important Consideration When Electi
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each Annuity Anniversary, by perfor
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▪▪If no withdrawal was ever tak
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election to begin receiving annuity
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treatment of withdrawals. We do not
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are no assurances that future trans
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You may use the Systematic Withdraw
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In this example, 5% of the December
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▪▪If no Lifetime Withdrawal was
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difference by the amount held withi
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Additional Tax ConsiderationsIf you
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Eligibility Requirements for LIA Am
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withdraw an annual amount (the “A
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Highest Daily Auto Step-UpAn automa
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The Non-Lifetime Withdrawal will pr
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Other Important Considerations▪ W
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If you take a partial withdrawal to
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Value is equal to your Account Valu
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You must tell us if your withdrawal
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▪In the absence of an election wh
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which we are providing administrati
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to the Bond Sub-account occurs. The
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(2) The designated life is unable t
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annual amount (the “Annual Income
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Withdrawal Value and your Account V
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▪ The Account Value at benefit el
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If no Lifetime Withdrawal was ever
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designated life (except as may be n
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Calculation of the Combination 5% R
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Can I terminate the optional Death
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▪▪▪Withdrawals are not subjec
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The NYSE is closed on the following
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TAX CONSIDERATIONSThe tax considera
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If an Annuity is purchased through
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A Nonqualified annuity may also be
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account” described under Code Sec
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insurance/annuity products to plans
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WHAT IS THE SEPARATE ACCOUNT?The Se
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WHO DISTRIBUTES ANNUITIES OFFERED B
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Mutual of Omaha BankNational Planni
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concerning certain business or proc
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APPENDIX A-ACCUMULATION UNIT VALUES
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Sub-AccountsAccumulationUnit Value
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APPENDIX B-CALCULATION OF OPTIONAL
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APPENDIX C-FORMULA UNDER HIGHEST DA
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The following formula, which is set
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APPENDIX D-FORMULA UNDER HIGHEST DA
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The formula will transfer assets in
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The formula will transfer assets in
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APPENDIX E-FORMULA UNDER HIGHEST DA
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The following formula, which is set
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“a” Factors for Liability Calcu
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APPENDIX F-FORMULA FOR HIGHEST DAIL
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APPENDIX G-SPECIAL CONTRACT PROVISI
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APPENDIX H-FORMULA UNDER HIGHEST DA
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FORMULA FOR ELECTIONS OF HD GRO II
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APPENDIX I-FORMULA FOR HIGHEST DAIL
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PRUCO LIFE INSURANCE COMPANY (PRUCO
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Deducting ContributionsGenerally, y
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Required Minimum DistributionsIf yo
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traditional IRA at the end of your
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income), pension or annuity income,
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2. The payment or distribution is:a
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PRUCO LIFE INSURANCE COMPANY(A PRUD
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PLEASE SEND ME A STATEMENT OF ADDIT
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Premier Bb Series - Prudential Annuities

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