Prudential Premier Advisor Variable Annuity

150 Pages·2017·2.71 MB·English

PRUDENTIAL PREMIER ADVISOR VARIABLE ANNUITIES
(Offering Highest Daily Lifetime Income v3.0)
PRUCO LIFE INSURANCE COMPANY
PRUCO LIFE FLEXIBLE PREMIUM VARIABLE ANNUITY ACCOUNT

Supplement dated December 15, 2018
To
Prospectus dated April 30, 2018
This Rate Sheet Prospectus Supplement (this “Supplement”) should be read and retained with the prospectus for the Premier
Retirement Variable Annuities. If you would like another copy of the current prospectus, please call us at 1-888-PRU-2888.
We are issuing this Supplement to provide the Roll-up Rate and Withdrawal Percentages that we are currently offering. This
Supplement replaces and supersedes any previously issued Rate Sheet Prospectus Supplement(s), and must be used in
conjunction with an effective Premier Retirement Variable Annuities Prospectus.
The rates below apply for applications signed between December 15, 2018 and January 14, 2019.
The Roll-up Rate and Withdrawal Percentages may be different than those listed below for Applications signed on or issued after
January 15, 2019. Please visit http://www.PrudentialAnnuities.com/investor/prospectuses or work with your Financial Professional to
confirm the most current rates.
Roll-up Rate:
5.5% Compounded Daily Growth
Withdrawal Percentages
The Withdrawal Percentages are based on the age of the Annuitant at the first Lifetime Withdrawal, or the age of the younger spouse
at first Lifetime Withdrawal if electing a spousal version, according to the following table listed below:
Ages Single Percentage Spousal Percentage
50 – 54 3.30% 2.80%
55 – 59 3.80% 3.30%
60 – 64 4.70% 4.20%
65 – 69 5.70% 5.20%
70 – 84 5.70% 5.20%
85+ 6.10% 5.60%
In order for you to receive the Roll-up Rate and Withdrawal Percentages reflected in this Supplement, your Application or benefit
election form must be signed within the time period disclosed above. From the date you sign your Application or benefit election
form, we must also receive that paperwork in Good Order within 15 calendar days, and for new purchases the annuity must be funded
within 45 calendar days. If these conditions are not met, and you decide to proceed with the purchase of the annuity, additional
paperwork will be required to issue the contract with the applicable rates in effect at that time. Under certain circumstances we may
waive these conditions or extend these time periods in a nondiscriminatory manner.
Subject to the rules stated above, it is important to note that if either (1) the Roll-up Rate; and/ or (2) the Withdrawal Percentages
(collectively the “set of rates”) that we are currently offering on the effective date of the benefit is higher than the set of rates we were
offering on the date you signed the applicable paperwork and neither the Roll-up Rate nor any Withdrawal Percentages have
decreased, you will receive that higher set of rates. If any rates have decreased when we compare the set of rates that we were offering
on the day you signed your paperwork to the set of rates that we are offering on the effective date of the benefit, your contract will be
issued with the set of rates that were in effect on the day you signed your paperwork.

HDRT1218
PRUDENTIAL PREMIER® RETIREMENT VARIABLE ANNUITY B SERIESSM
PRUDENTIAL PREMIER® RETIREMENT VARIABLE ANNUITY C SERIESSM
PRUDENTIAL PREMIER® ADVISORSM VARIABLE ANNUITY SERIES
PRUCO LIFE INSURANCE COMPANY
PRUCO LIFE FLEXIBLE PREMIUM VARIABLE ANNUITY ACCOUNT
PRUCO LIFE INSURANCE COMPANY OF NEW JERSEY
PRUCO LIFE OF NEW JERSEY FLEXIBLE PREMIUM VARIABLE ANNUITY ACCOUNT
Supplement dated December 31, 2018
to Prospectuses dated April 30, 2018
This Supplement should be read in conjunction with the current Prospectus for your Annuity and should be retained for future reference. This
Supplement is intended to update certain information in the Prospectus for the variable annuity you own and is not intended to be a prospectus
or offer for any other variable annuity that you do not own. Defined terms used herein and not otherwise defined herein shall have the meanings
given to them in the Prospectuses and Statements of Additional Information.
This supplement contains information about two additional variable investment options available for your Annuity if your Annuity is issued on or
after January 28, 2019 and unless you elect any optional death benefit for your Annuity. As noted below, these variable investment options are
available whether or not you elect an optional living benefit for your Annuity. They are not available if you elect any optional death benefit for your
Annuity; not all contracts offer optional death benefits.
The following changes are made to the Prospectus:
• The list entitled “VARIABLE INVESTMENT OPTIONS” at the beginning of the Prospectus is amended by adding the following portfolios:
AST BlackRock 60/40 Target Allocation ETF Portfolio*
AST BlackRock 80/20 Target Allocation ETF Portfolio*
• The footnote below is added to the footnotes that follow the list entitled “Variable Investment Options”
*Available for Annuities issued on or after January 28, 2019.The variable investment option is available whether or not an optional living
benefit is elected for your Annuity but is not available if you elect any optional death benefit for your Annuity (not all contracts offer
optional death benefits).
• The annual expenses for the AST BlackRock 60/40 Target Allocation ETF Portfolio and the AST BlackRock 80/20 Target Allocation ETF
Portfolio are shown below. The table captioned “UNDERLYING MUTUAL FUND PORTFOLIO ANNUAL EXPENSES” in the “SUMMARY
OF CONTRACT FEES AND CHARGES” section of the Prospectus is supplemented with the information about the Portfolios shown
below:
UNDERLYING MUTUAL FUND PORTFOLIO ANNUAL EXPENSES
(as a percentage of the average net assets of the underlying Portfolios)
Total
Broker Fees Acquired Annual Net Annual
Distribution Dividend and Expenses Portfolio Portfolio Fee Waiver Fund
Management Other (12b-1) Expense on on Short Fees & Operating or Expense Operating
FUNDS Fees Expenses Fees Short Sales Sales Expenses Expenses Reimbursement Expenses
AST BlackRock 60/40 Target
0.53% 0.05%2 0.25% 0.00% 0.00% 0.15% 0.98% 0.23% 0.75%
Allocation ETF Portfolio1 *
AST BlackRock 80/20 Target
0.53% 0.05%2 0.25% 0.00% 0.00% 0.14% 0.97% 0.22% 0.75%
Allocation ETF Portfolio1 *
1 The Portfolio will commence operations on or about January 2, 2019.
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2 Other expenses (which include expenses for accounting and valuation services, custodian fees, audit fees, legal fees, transfer agency fees, fees paid to Independent Trustees,
and certain other miscellaneous items) are estimated. Estimate based in part on assumed average daily net assets of $250 million for the Portfolio for the fiscal period ending
December 31, 2019.
* The Manager has contractually agreed to waive a portion of its investment management fee equal to the acquired fund fees and expenses due to investments in underlying
exchange-traded funds managed by the subadviser or an affiliate of the subadviser. In addition, the Manager has contractually agreed to waive a portion of its investment
management fee and/or reimburse certain expenses of the Portfolio so that the Portfolio’s investment management fee and other expenses (exclusive, in all cases of, interest,
brokerage, taxes (such as income and foreign withholding taxes, stamp duty and deferred tax expenses), extraordinary expenses, and certain other Portfolio expenses such as
dividend and interest expense and broker charges on short sales) plus acquired fund fees and expenses (excluding dividends on securities sold short and brokers fees and
expenses on short sales) do not exceed 0.75% of the Portfolio’s average daily net assets through June 30, 2020. This arrangement may not be terminated or modified prior to
June 30, 2020 without the prior approval of the Trust’s Board of Trustees. Expenses waived/reimbursed by the Manager may be recouped by the Manager within the same fiscal
year during which such waiver/reimbursement is made if such recoupment can be realized without exceeding the expense limit in effect at the time of the recoupment for that
fiscal year.
• In the “INVESTMENTOPTIONS” section of the Prospectus, information pertaining to the AST BlackRock 60/40 Target Allocation ETF
Portfolio and the AST BlackRock 80/20 Target Allocation ETF Portfolio is added to the table of information about the Portfolios as follows:

PORTFOLIO INVESTMENT PORTFOLIO
NAME OBJECTIVE(S) ADVISER/SUBADVISER(S)

AST BlackRock 60/40 Target Allocation ETF Seeks long term capital appreciation BlackRock Financial Management, Inc.
Portfolio
AST BlackRock 80/20 Target Allocation ETF Seeks long term capital appreciation BlackRock Financial Management, Inc.
Portfolio
• In the “LIMITATIONS WITH OPTIONAL LIVING BENEFITS” section of the Prospectus, the following are added to the list of “Permitted
Sub-accounts:”
AST BlackRock 60/40 Target Allocation ETF Portfolio
AST BlackRock 80/20 Target Allocation ETF Portfolio
THIS SUPPLEMENT SHOULD BE READ AND RETAINED FOR FUTURE REFERENCE.
GENPRODSUP10
PRUCO LIFE INSURANCE COMPANY
PRUCO LIFE FLEXIBLE PREMIUM VARIABLE ANNUITY ACCOUNT
PRUCO LIFE INSURANCE COMPANY OF NEW JERSEY
PRUCO LIFE OF NEW JERSEY FLEXIBLE PREMIUM VARIABLE ANNUITY ACCOUNT
PRUDENTIAL ANNUITIES LIFE ASSURANCE CORPORATION
PRUDENTIAL ANNUITIES LIFE ASSURANCE CORPORATION VARIABLE ACCOUNT B
Supplement dated December 31, 2018
to Prospectuses dated April 30, 2018
This Supplement should be read in conjunction with the current Prospectus for your Annuity and should be retained for future reference. This
Supplement is intended to update certain information in the Prospectus for the variable annuity you own and is not intended to be a prospectus
or offer for any other variable annuity that you do not own. Defined terms used herein and not otherwise defined herein shall have the meanings
given to them in the Prospectuses and Statements of Additional Information. Please check your Annuity Prospectus to determine which of
the following changes affect the Annuity that you own. If you would like another copy of the current Annuity Prospectus, please call us at
1-888-PRU-2888.
This Supplement describes a new portfolio of Advanced Series Trust (“AST”). In addition, effective on or about January 2, 2019, the AST Bond
Portfolio 2018 will be closed and liquidated and, as a result, all references to the AST Bond Portfolio 2018 will be deleted from the Prospectus.
New AST Portfolio
AST Bond Portfolio 2030 (the “Portfolio”). Effective on or about January 2, 2019, a variable investment option that invests in this Portfolio will
be added to your Annuity. Please note, however, that the investment option is not available for the allocation of Purchase Payments or for transfers
– either incoming or outgoing. This Portfolio is available only with certain optional living benefits. The inside front cover of the Prospectus is
hereby amended to include the name of this new Portfolio under “Investment Options”.
In conjunction with the changes described above, the table captioned “Underlying Mutual Fund Portfolio Annual Expenses” in the “Summary of
Contract Fees and Charges” section of the Prospectus is revised to add the following information:
UNDERLYING MUTUAL FUND PORTFOLIO ANNUAL EXPENSES
(as a percentage of the average net assets of the underlying Portfolios)
Total
Broker Fees Acquired Annual Net Annual
Distribution Dividend and Expenses Portfolio Portfolio Fee Waiver Fund
Management Other (12b-1) Expense on on Short Fees & Operating or Expense Operating
FUNDS Fees Expenses Fees Short Sales Sales Expenses Expenses Reimbursement Expenses
AST Bond Portfolio 20301 0.47% 0.08%2 0.25 % 0.00% 0.00% 0.00% 0.80% 0.00% 0.80%
1 The Portfolio will commence operations on or about January 2, 2019.
2 Other expenses (which include expenses for accounting and valuation services, custodian fees, audit fees, legal fees, transfer agency fees, fees paid to Independent Trustees, and certain other miscellaneous items) are estimated. Estimate
based in part on assumed average daily net assets of $200 million for the Portfolio for the fiscal period ending December 31, 2019.
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In the “Investment Options” section of the Prospectus, we add the following summary description for the Portfolio to the table below as follows:

PORTFOLIO INVESTMENT PORTFOLIO
NAME OBJECTIVE(S) ADVISER/SUBADVISER(S)

Seeks the highest total return for a specific
AST Bond Portfolio 2030 PGIM Fixed Income
period of time, consistent with the preservation
of capital and liquidity needs. Total return is
comprised of current income and capital
appreciation.
THIS SUPPLEMENT SHOULD BE READ AND RETAINED FOR FUTURE REFERENCE
GENPRODSUP9
PRUCO LIFE INSURANCE COMPANY
PRUCO LIFE FLEXIBLE PREMIUM VARIABLE ANNUITY ACCOUNT
PRUCO LIFE INSURANCE COMPANY OF NEW JERSEY
PRUCO LIFE OF NEW JERSEY FLEXIBLE PREMIUM VARIABLE ANNUITY ACCOUNT
PRUDENTIAL ANNUITIES LIFE ASSURANCE CORPORATION
PRUDENTIAL ANNUITIES LIFE ASSURANCE CORPORATION VARIABLE ACCOUNT B
Supplement dated December 11, 2018
to Prospectuses dated April 30, 2018
This Supplement should be read in conjunction with the current Prospectus for your Annuity and should be retained for future reference. This Supplement
is intended to update certain information in the Prospectus for the variable annuity you own and is not intended to be a prospectus or offer for any other
variable annuity that you do not own. Defined terms used herein and not otherwise defined herein shall have the meanings given to them in the
Prospectuses and Statements of Additional Information.
This Supplement contains information about changes for the AST Global Real Estate Portfolio of the Advanced Series Trust available through your
Annuity. If you would like another copy of the current Annuity Prospectus, please call us at 1-888-PRU-2888.
AST Global Real Estate Portfolio – Subadviser and Investment Strategy Change:
The Board of Trustees of Advanced Series Trust (the Board) has approved replacing PGIM Real Estate, a division of PGIM, Inc. as the subadviser to
the AST Global Real Estate Portfolio with Cohen & Steers Capital Management, Inc., Cohen & Steers Asia Limited, and Cohen & Steers UK Limited.
The Board also approved revising the investment strategy of the Portfolio. These changes are expected to become effective on or about January 28,
2019.
Effective January 28, 2019, in the “Investment Options” section of the Prospectus, the “Portfolio Adviser(s)/Subadviser(s)” information pertaining to the
AST Global Real Estate Portfolio is revised as follows:
PORTFOLIO INVESTMENT PORTFOLIO
NAME OBJECTIVE(S) ADVISER/SUBADVISER(S)
AST Global Real Estate Portfolio Seeks capital appreciation and income. Cohen & Steers Asia Limited
Cohen & Steers Capital Management, Inc.
Cohen & Steers UK Limited
THIS SUPPLEMENT SHOULD BE READ AND RETAINED FOR FUTURE REFERENCE.
GENPRODSUP8
PRUCO LIFE INSURANCE COMPANY
PRUCO LIFE FLEXIBLE PREMIUM VARIABLE ANNUITY ACCOUNT
PRUCO LIFE INSURANCE COMPANY OF NEW JERSEY
PRUCO LIFE OF NEW JERSEY FLEXIBLE PREMIUM VARIABLE ANNUITY ACCOUNT
PRUDENTIAL ANNUITIES LIFE ASSURANCE CORPORATION
PRUDENTIAL ANNUITIES LIFE ASSURANCE CORPORATION VARIABLE ACCOUNT B
Supplement dated October 5, 2018
to Prospectuses dated April 30, 2018
This Supplement should be read in conjunction with the current Prospectus for your Annuity and should be retained for future reference. This
Supplement is intended to update certain information in the Prospectus for the variable annuity you own and is not intended to be a prospectus or
offer for any other variable annuity that you do not own. Defined terms used herein and not otherwise defined herein shall have the meanings
given to them in the Prospectuses and Statements of Additional Information.
This Supplement contains information about changes for ProFund VP Pharmaceuticals and ProFund VP Telecommunications, one or both of which
is available through your Annuity. Please check your Annuity Prospectus to determine which of the following changes affect the Annuity
that you own. If you would like another copy of the current Annuity Prospectus, please call us at 1-888-PRU-2888.
ProFund VP Pharmaceuticals and ProFund VP Telecommunications –Change in underlying index:
After the close of business on September 28, 2018, the Portfolios each began using a new underlying index. Accordingly, the “Investment Objective
(s)” information pertaining to ProFund VP Pharmaceuticals and ProFund VP Telecommunications in the “Investment Options” section of the
Prospectus is revised as shown below:
PORTFOLIO INVESTMENT PORTFOLIO
NAME OBJECTIVE(S) ADVISER(S)/SUBADVISER(S)
ProFund VP Pharmaceuticals Seeks investment results, before fees and expenses, that ProFund Advisors LLC
correspond to the performance of the Dow Jones U.S.
Select Pharmaceuticals IndexSM.
ProFund VP Telecommunications Seeks investment results, before fees and expenses, that ProFund Advisors LLC
correspond to the performance of the Dow Jones U.S.
Select Telecommunications IndexSM.
THIS SUPPLEMENT SHOULD BE READ AND RETAINED FOR FUTURE REFERENCE.
GENPRODSUP5
PRUCO LIFE INSURANCE COMPANY
PRUCO LIFE FLEXIBLE PREMIUM VARIABLE ANNUITY ACCOUNT
PRUCO LIFE INSURANCE COMPANY OF NEW JERSEY
PRUCO LIFE OF NEW JERSEY FLEXIBLE PREMIUM VARIABLE ANNUITY ACCOUNT
PRUDENTIAL ANNUITIES LIFE ASSURANCE CORPORATION
PRUDENTIAL ANNUITIES LIFE ASSURANCE CORPORATION VARIABLE ACCOUNT B
Supplement dated August 9, 2018
to Prospectuses dated April 30, 2018
This Supplement should be read in conjunction with the current Prospectus for your Annuity and should be retained for future reference. This Supplement
is intended to update certain information in the Prospectus for the variable annuity you own and is not intended to be a prospectus or offer for any other
variable annuity that you do not own. Defined terms used herein and not otherwise defined herein shall have the meanings given to them in the
Prospectuses and Statements of Additional Information.
This Supplement contains information about changes for certain Portfolios of the Advanced Series Trust available through your Annuity. Please check
your Annuity Prospectus to determine which of the following changes affect the Annuity that you own. If you would like another copy of the
current Annuity Prospectus, please call us at 1-888-PRU-2888.
AST Goldman Sachs Strategic Income Portfolio – Subadviser Change and Name Change:
The Board of Trustees of Advanced Series Trust approved (i) replacing Goldman Sachs Asset Management, L.P. as a subadviser to the AST Goldman
Sachs Strategic Income Portfolio with Pacific Investment Management Company, LLC, and (ii) changing the name of the Portfolio to the AST PIMCO
Dynamic Bond Portfolio. These changes are expected to become effective on or about September 17, 2018.
The annual expenses for the AST PIMCO Dynamic Bond Portfolio are shown below. The table captioned “Underlying Mutual Fund Portfolio Annual
Expenses” in the “Summary of Contract Fees and Expenses” section of the Prospectus is as follows with respect to the Portfolio shown below:
UNDERLYING MUTUAL FUND PORTFOLIO ANNUAL EXPENSES
(as a percentage of the average daily net assets of the underlying Portfolios)
Dividend Total
Expense Broker Fees Acquired Annual Net Annual
Distribution on and Expenses Portfolio Portfolio Fee Waiver Fund
Management Other (12b-1) Short on Short Fees & Operating or Expense Operating
FUNDS Fees Expenses Fees Sales Sales Expenses Expenses Reimbursement Expenses
AST PIMCO Dynamic Bond Portfolio 0.71% 0.09% 0.25% 0.00% 0.00% 0.00% 1.05% 0.00% 1.05%
In the “Investment Options” section of the Prospectus, information pertaining to the AST PIMCO Dynamic Bond Portfolio is as follows:
PORTFOLIO INVESTMENT PORTFOLIO
NAME OBJECTIVE(S) ADVISER(S)/SUBADVISER(S)
AST PIMCO Dynamic Bond Portfolio Seeks total return. Pacific Investment Management Company, LLC
AST Lord Abbett Core Fixed Income Portfolio – Merger:
Effective as of the close of business on September 14, 2018 (the “Effective Date”), the AST Lord Abbett Core Fixed Income Portfolio (the “Target
Portfolio”) will be merged into the AST Western Asset Core Plus Bond Portfolio (the “Acquiring Portfolio”) as noted below. All references to the AST
Lord Abbett Core Fixed Income Portfolio in your Annuity Prospectus should be disregarded after the Effective Date.
Target Portfolio Acquiring Portfolio
AST Lord Abbett Core Fixed Income Portfolio AST Western Asset Core Plus Bond Portfolio
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On the Effective Date, the Target Portfolio will no longer be available under your annuity contract, and any Account Value allocated to the Sub-account
investing in the Target Portfolio will be transferred to the Sub-account investing in the Acquiring Portfolio. This transfer will be made by replacing your
contract’s units of the Sub-account investing in the Target Portfolio with units of the Sub-account investing in the Acquiring Portfolio based on the unit
value of each Portfolio at the time of the merger.
The annual expenses for the AST Western Asset Core Plus Bond Portfolio are shown below. The table captioned “Underlying Mutual Fund Portfolio
Annual Expenses” in the “Summary of Contract Fees and Expenses” section of the Prospectus is as follows with respect to the Portfolio shown below:
UNDERLYING MUTUAL FUND PORTFOLIO ANNUAL EXPENSES
(as a percentage of the average daily net assets of the underlying Portfolios)
Dividend Total
Expense Broker Fees Acquired Annual Net Annual
Distribution on and Expenses Portfolio Portfolio Fee Waiver Fund
Management Other (12b-1) Short on Short Fees & Operating or Expense Operating
FUNDS Fees Expenses Fees Sales Sales Expenses Expenses Reimbursement Expenses
AST Western Asset Core Plus Bond
Portfolio 0.51% 0.02% 0.25% 0.00% 0.00% 0.00% 0.78% 0.00% 0.78%
In the “Investment Options” section of the Prospectus, information pertaining to the AST Western Asset Core Plus Bond Portfolio is as follows:
PORTFOLIO INVESTMENT PORTFOLIO
NAME OBJECTIVE(S) ADVISER(S)/SUBADVISER(S)
AST Western Asset Core Plus Bond Portfolio Seeks to maximize total return, consistent with prudent Western Asset Management Company
investment management and liquidity needs, by investing Western Asset Management Company Limited
to obtain the average duration specified for the Portfolio.
Please note that you have the ability to transfer Account Value out of the Target Portfolio into an investment option available under your annuity contract
any time prior to the Effective Date. Such transfers will be free of charge and will not count as one of your annual free transfers under your annuity
contract. Also, for a period of 60 days after the Effective Date, any Account Value that was transferred to the Acquiring Portfolio as a result of the merger
can be transferred into an investment option available under your annuity contract free of charge and will not count as one of your annual free transfers.
It is important to note that any investment option into which you make your transfer will be subject to the transfer limitations described in your Prospectus.
Please refer to your Prospectus for detailed information about investment options.
After the Effective Date, the Target Portfolio will no longer exist and, unless you instruct us otherwise, any outstanding instruction you have on file with
us that designates the Target Portfolio will be deemed an instruction for the Acquiring Portfolio. This includes, but is not limited to, Systematic Withdrawals
and Dollar Cost Averaging.
You may wish to consult with your financial professional to determine if your existing allocation instructions should be changed before or
after the Effective Date.
THIS SUPPLEMENT SHOULD BE READ AND RETAINED FOR FUTURE REFERENCE.
GENPRODSUP3
PRUCO LIFE INSURANCE COMPANY
PRUCO LIFE FLEXIBLE PREMIUM VARIABLE ANNUITY ACCOUNT
PRUCO LIFE INSURANCE COMPANY OF NEW JERSEY
PRUCO LIFE OF NEW JERSEY FLEXIBLE PREMIUM VARIABLE ANNUITY ACCOUNT
PRUDENTIAL ANNUITIES LIFE ASSURANCE CORPORATION
PRUDENTIAL ANNUITIES LIFE ASSURANCE CORPORATION VARIABLE ACCOUNT B
Supplement dated July 1, 2018
to Prospectuses dated April 30, 2018
This Supplement should be read in conjunction with the current Prospectus for your Annuity and should be retained for future reference. This Supplement
is intended to update certain information in the Prospectus for the variable annuity you own and is not intended to be a prospectus or offer for any other
variable annuity that you do not own. Defined terms used herein and not otherwise defined herein shall have the meanings given to them in the
Prospectuses and Statements of Additional Information.
This Supplement contains information about changes, effective July 1, 2018, to the management fees, or fee waivers or expense reimbursements, and
total expenses for certain Portfolios of the Advanced Series Trust available through your Annuity and updates other information in the prospectus for
your Annuity. Please check your Annuity Prospectus to determine which of the following changes affect the Annuity that you own. If you
would like another copy of the current Annuity Prospectus, please call us at 1-888-PRU-2888. :
The table captioned “Underlying Mutual Fund Portfolio Annual Expenses” in the “Summary of Contract Fees and Charges” section of the Prospectus
is revised as follows with respect to the Portfolios shown below:
UNDERLYING PORTFOLIO ANNUAL EXPENSES
(as a percentage of the average daily net assets of the underlying Portfolios)
Broker Fees Total
and Acquired Annual Net Annual
Distribution Dividend Expenses Portfolio Portfolio Fee Waiver Fund
Management Other (12b-1) Expense on on Short Fees & Operating or Expense Operating
FUNDS Fees Expenses Fees Short Sales Sales Expenses Expenses Reimbursement Expenses
AST AQR Large-Cap Portfolio* 0.56% 0.01% 0.25% 0.00% 0.00% 0.00% 0.82% 0.01% 0.81%
AST Cohen & Steers Realty Portfolio* 0.82% 0.03% 0.25% 0.00% 0.00% 0.00% 1.10% 0.05% 1.05%
AST Goldman Sachs Large-Cap Value Portfolio* 0.56% 0.01% 0.25% 0.00% 0.00% 0.00% 0.82% 0.03% 0.79%
AST Goldman Sachs Multi-Asset Portfolio* 0.76% 0.06% 0.25% 0.00% 0.00% 0.01% 1.08% 0.14% 0.94%
AST Government Money Market Portfolio 0.30% 0.02% 0.25% 0.00% 0.00% 0.00% 0.57% 0.00% 0.57%
AST QMA Large-Cap Portfolio* 0.55% 0.02% 0.25% 0.00% 0.00% 0.00% 0.82% 0.02% 0.80%
AST T. Rowe Price Large-Cap Value Portfolio* 0.67% 0.02% 0.25% 0.00% 0.00% 0.00% 0.94% 0.04% 0.90%
*See notes immediately below for important information about this fund.
AST AQR Large-Cap Portfolio
The Manager has contractually agreed to waive 0.007% of its investment management fee through June 30, 2019. This arrangement may not be terminated or modified prior to June
30, 2019 without the prior approval of the Trust’s Board of Trustees.
AST Cohen & Steers Realty Portfolio
The Manager has contractually agreed to waive 0.052% of its investment management fee through June 30, 2019. This arrangement may not be terminated or modified prior to June
30, 2019 without the prior approval of the Trust’s Board of Trustees.
AST Goldman Sachs Large-Cap Value Portfolio
The Manager has contractually agreed to waive 0.013% of its investment management fee through June 30, 2019. The Manager has also contractually agreed to waive an additional
0.015% of its investment management fee through June 30, 2019. These arrangements may not be terminated or modified prior to June 30, 2019 without the prior approval of the
Trust’s Board of Trustees.
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