Navigator - Prudential Annuities

A formula is used to determine the MVA. The formula is applied separately to each Fixed Allocation. Values and time durationsused in the formula are as of the date for which the Account Value is being determined. The formula is:[ (1+I) / (1+J)] N/12where:I is the interest rate being credited to the Fixed Allocation;J is the interest rate for your class of annuities for new Fixed Allocations with Guarantee Periodsof durations equal to the number of years (rounded to the next higher integer when occurring onother than an anniversary of the beginning of the Fixed Allocation's Guarantee Period) remainingin such Guarantee Period;N is the number of months (rounded to the next higher integer when occurring on other than amonthly anniversary of the beginning of the Guarantee Period) remaining in such GuaranteePeriod.No MVA applies in determining a Fixed Allocation's Account Value on its Maturity Date, and, where required by law, the 30 daysprior to the Maturity Date. If we are not offering a Guarantee Period with a duration equal to the number of years remaining in aFixed Allocation's Guarantee Period, we calculate a rate for "J" above using a specific formula. This formula is described in theStatement of Additional Information.Our Current Rates are expected to be sensitive to interest rate fluctuations, thereby making each MVA equally sensitive to suchchanges. Account Value is reduced when the applicable Current Rate exceeds the rate being credited to a Fixed Allocation. AccountValue is increased when the applicable Current Rate is less than the rate being credited to a Fixed Allocation. See the Statement ofAdditional Information for an illustration of how the MVA works.RIGHTS, BENEFITS AND SERVICES: The Annuity provides various rights, benefits and services subsequent to its issuance andyour decision to keep it beyond the free-look period. A number of these rights, benefits and services, as well as some of the rules andconditions to which they are subject, are described below. These rights, benefits and services include, but are not limited to: (a)making additional Purchase Payments; (b) changing revocable designations; (c) transferring Account Values between investmentoptions; (d) receiving lump sum payments, Systematic Withdrawals or Minimum Distributions, annuity payments and death benefits;(e) transferring or assigning your Annuity; (f) exercising certain voting rights in relation to the underlying mutual fund portfolios inwhich the Sub-accounts invest; and (g) receiving reports. These rights, benefits and services may be limited, eliminated or alteredwhen an Annuity is purchased in conjunction with a qualified plan. We may require presentation of proper identification, including apersonal identification number ("PIN") issued by us, prior to accepting any instructions by telephone or other electronic means. Weforward your PIN to you shortly after your Annuity is issued. To the extent permitted by law or regulation, neither we or any personauthorized by us will be responsible for any claim, loss, liability or expense in connection with a telephonic or electronic transfer if weor such other person acted on such transfer instructions in good faith in reliance on your authorization of telephone and/or electronictransfers and on reasonable procedures to identify persons so authorized through verification methods which may include a request foryour Social Security number or a personal identification number (PIN) as issued by us. We may be liable for losses due tounauthorized or fraudulent instructions should we not follow such reasonable procedures.Contract described herein is no longer available for sale.Additional Purchase Payments: The minimum for any additional Purchase Payment is $1000 except as part of a bankdrafting program (see "Bank Drafting") or unless we authorize lower payments pursuant to a Periodic Purchase Payment program (see"Periodic Purchase Payments"), or less where required by law. Additional Purchase Payments may be paid at any time before theAnnuity Date. Subject to our allocation rules, we allocate additional Net Purchase Payments according to your written allocationinstructions. Should no written instructions be received with an additional Purchase Payment, we shall return your additionalPurchase Payment.Changing Revocable Designations: Unless you indicated that a prior choice was irrevocable or your Annuity has beenendorsed to limit certain changes, you may request to change Owner, Annuitant and Beneficiary designations by sending a request InWriting. Such changes will be subject to our acceptance. Some of the changes we will not accept include, but are not limited to: (a) anew Owner subsequent to the death of the Owner or the first of any joint Owners to die, except where a spouse-Beneficiary hasbecome the Owner as a result of an Owner's death; (b) a new Owner or Annuitant who does not meet our then current underwritingguidelines; (c) a new Annuitant subsequent to the Annuity Date if the annuity option selected includes a life contingency; and (d) anew Annuitant prior to the Annuity Date if the Annuity is owned by an entity.25