# EDGAR Filing Document

**Accession Number:** 0000947703
**File Stem:** 0001133228-26-005841
**Filing Date:** 2026-4
**Character Count:** 466331
**Document Hash:** b676df1f41166b87e2139bf8d6f95318
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001133228-26-005841.hdr.sgml**: 20260420

**ACCESSION NUMBER**: 0001133228-26-005841

**CONFORMED SUBMISSION TYPE**: 485BPOS

**PUBLIC DOCUMENT COUNT**: 17

**FILED AS OF DATE**: 20260420

**DATE AS OF CHANGE**: 20260420

**EFFECTIVENESS DATE**: 20260501

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** PRUCO LIFE FLEXIBLE PREMIUM VARIABLE ANNUITY ACCOUNT
- **CENTRAL INDEX KEY:** 0000947703

**ORGANIZATION NAME:**
- **EIN:** 221944557
- **STATE OF INCORPORATION:** AZ
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 485BPOS
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-07325
- **FILM NUMBER:** 26875777

**BUSINESS ADDRESS:**
- **STREET 1:** 213 WASHINGTON STREET
- **CITY:** NEWARK
- **STATE:** NJ
- **ZIP:** 07102
- **BUSINESS PHONE:** 9738025393

**MAIL ADDRESS:**
- **STREET 1:** PRUCO LIFE INSURANCE CO
- **STREET 2:** 213 WASHINGTON STREET
- **CITY:** NEWARK
- **STATE:** NJ
- **ZIP:** 07102
**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** PRUCO LIFE FLEXIBLE PREMIUM VARIABLE ANNUITY ACCOUNT
- **CENTRAL INDEX KEY:** 0000947703

**ORGANIZATION NAME:**
- **EIN:** 221944557
- **STATE OF INCORPORATION:** AZ
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 485BPOS
- **SEC ACT:** 1933 Act
- **SEC FILE NUMBER:** 333-192701
- **FILM NUMBER:** 26875776

**BUSINESS ADDRESS:**
- **STREET 1:** 213 WASHINGTON STREET
- **CITY:** NEWARK
- **STATE:** NJ
- **ZIP:** 07102
- **BUSINESS PHONE:** 9738025393

**MAIL ADDRESS:**
- **STREET 1:** PRUCO LIFE INSURANCE CO
- **STREET 2:** 213 WASHINGTON STREET
- **CITY:** NEWARK
- **STATE:** NJ
- **ZIP:** 07102

## Series and Classes Contracts Data

### PRUCO LIFE FLEXIBLE PREMIUM VARIABLE ANNUITY ACCOUNT (Series ID: S000001233)

| Class ID   | Class Name                                                        | Ticker Symbol   |
|:---|:---|:---|
| C000137228 | Prudential Premier Investment Variable Annuity B Series, C Series |  |

?xml version='1.0' encoding='ASCII'? 2025-05-07N4_PLAZ_PremierInvestment

Filed with the Securities and Exchange Commission on April 20, 2026

REGISTRATION NO. 333-192701; 333-288853

INVESTMENT COMPANY ACT NO. 811-07325

**UNITED STATES**

**SECURITIES AND EXCHANGE COMMISSION**

**WASHINGTON, D.C. 20549**

**FORM N-4**

REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933

POST-EFFECTIVE AMENDMENT NO. 19 (333-192701)

and

REGISTRATION STATEMENT UNDER THE INVESTMENT COMPANY ACT OF 1940

AMENDMENT NO. 221 (811-07325)

REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933

POST-EFFECTIVE AMENDMENT NO. 1 (333-288853)

**PRUCO LIFE FLEXIBLE PREMIUM VARIABLE ANNUITY ACCOUNT**

(Exact Name of Registered Separate Account)

**PRUCO LIFE INSURANCE COMPANY**

(Name of Insurance Company)

213 WASHINGTON STREET

NEWARK, NEW JERSEY 07102-2992

(Address of Insurance Company's principal executive offices)

(973) 802-7333

(Insurance Company's telephone number, including Area Code)

CT CORPORATION SYSTEM

3800 NORTH CENTRAL AVENUE, SUITE 460

PHOENIX, ARIZONA 85012

(Name and address of agent for service)

COPIES TO:

Elizabeth L. Gioia

VICE PRESIDENT

PRUCO LIFE INSURANCE COMPANY

ONE CORPORATE DRIVE

SHELTON, CONNECTICUT 06484

(203) 402-1624

Approximate Date of Proposed Public Offering: Continuously on and after the effective date of this Registration Statement

**It is proposed that this filing become effective: (check appropriate box)**

□ immediately
 upon filing pursuant to paragraph (b) of Rule 485

⊠ on
 May 1, 2026 pursuant to paragraph (b) of Rule 485

□ 60
 days after filing pursuant to paragraph (a)(i) of Rule 485

□ on
 __________ pursuant to paragraph (a)(i) of Rule 485

**If appropriate, check the following box:**

□ This
 post-effective amendment designates a new effective date for a previously filed post-effective amendment.

------

**Check each box that appropriately characterizes the Registrant:**

□ New
 Registrant (as applicable, a Registered Separate Account or Insurance Company that has not filed a Securities Act registration statement
 or amendment thereto within 3 years preceding this filing)

□ Emerging
 Growth Company (as defined by Rule 12b-2 under the Securities Exchange Act of 1934 ("Exchange Act"))

□ If
 an Emerging Growth Company, indicate by check mark if the Registrant has elected not to use the extended transition period for complying
 with any new or revised financial accounting standards provided pursuant to Section 7(a)(2)(B) of Securities Act

⊠ Insurance
 Company relying on Rule 12h-7 under the Exchange Act

□ Smaller
 reporting company (as defined by Rule 12b-2 under the Exchange Act)

------

**PRUCO LIFE INSURANCE COMPANY**

Pruco Life Flexible Premium Variable Annuity Account

A Prudential Financial Company

751 Broad Street, Newark, NJ 07102-3777

**PRUDENTIAL PREMIER INVESTMENT VARIABLE ANNUITY ("B SERIES")**

**PRUDENTIAL PREMIER INVESTMENT VARIABLE ANNUITY ("C SERIES")**

**Flexible Premium Deferred Annuities**

**Prospectus Dated:** **May 1, 2026**

This prospectus describes the Premier Investment Variable Annuity B Series and C Series, two different flexible premium deferred variable annuity classes offered by Pruco Life Insurance Company ("Pruco Life", "we", "our", "the Company" or "us"). The Annuity provides for the potential accumulation of retirement savings through investment in the Contract's investment options during the Savings Stage and retirement income through annuitization during the Payout Period. The Contract is intended for retirement or other long-term investment purposes.

This prospectus describes all the investment options, features, and benefits that we make available under the Annuity. **The availability of investment** **options, features and benefits described in this prospectus may vary depending on the broker-dealer through which the Contract is sold** **("financial intermediary variations").** We have identified all such financial intermediary variations that are known or reasonably available to us. **See** **"**[**<u>Appendix D - Financial Intermediary Variations</u>**](#ref_chapter_21-sect1_1_954)**".** Financial intermediary variations may be imposed by some broker-dealers without our knowledge. For example, your Financial Professional may not recommend a particular investment option or benefit to you because of a decision by the Financial Professional's broker-dealer not to offer that investment option or benefit to its customers. Taking into consideration the breadth of our distribution network, we are unable to obtain information about all financial intermediary variations without unreasonable effort or expense. You should discuss with your Financial Professional any limitations, restrictions, or other variations related to the investment options, benefits or other features available to you through your Financial Professional.

If you are a new investor in the Contract, you may cancel your Contract within 10 days of receiving it (or such other period as may be required by applicable law) without paying fees or penalties, although we will apply the Market Value Adjustment. In some states, this cancellation period may be longer. Upon cancellation you will receive either a full refund of the amount you paid with your application or your total Account Value. You should review this prospectus, or consult with your financial professional, for additional information about the specific cancellation terms that apply.

The types of investment options currently offered under the Annuity include variable investment options with underlying mutual funds ("Variable Options") and the Dollar Cost Averaging ("DCA") Market Value Adjustment Options that offer a fixed rate of interest for a set period of time called a "Guarantee Period." **See** [**<u>"Appendix A"</u>**](#ref_chapter_18-sect1_1_954) **for additional information about each investment option.**

The Annuity or its Investment Options and/or features may not be available in all states. **See** [**<u>"Appendix C"</u>**](#ref_chapter_20-sect1_1_954) **for additional information about state** **variations.**

Each of the B Series and C Series is a class within a single annuity contract, rather than a separate annuity contract under State insurance law. For convenience in this prospectus, we sometimes refer to each of these annuity contracts as an "Annuity", and to the annuity contracts collectively as the "Annuities." We also sometimes refer to each class by its specific name (e.g., the "B Series").

This prospectus sets forth information about the Annuity that you should know before investing. Please read this prospectus and keep it for future reference. The Annuity is a complex investment that involves risk, including the potential loss of principal.

The Annuity is not a short-term investment and is not appropriate for an investor who needs ready access to cash. Withdrawals may reduce the level of various optional benefit guarantees and could result in taxes and tax penalties. In addition, premature withdrawals from a DCA Market Value Adjustment Option will result in a Market Value Adjustment. In extreme circumstances, the maximum potential loss resulting from a negative Market Value Adjustment is 100% of the amount invested in a DCA Market Value Adjustment Option.

The Company's obligations under the Annuity are subject to its financial strength and claims-paying ability.

In compliance with U.S. law, we deliver this prospectus to Annuity Owners that currently reside outside of the United States. However, we may not market or offer benefits, features or enhancements to prospective or current Annuity Owners while outside of the United States.

These Annuities are NOT deposits or obligations of, or issued, guaranteed or endorsed by, any bank, and are NOT insured or guaranteed by the U.S. government, the Federal Deposit Insurance Corporation (FDIC), the Federal Reserve Board or any other agency.

------

THESE SECURITIES HAVE NOT BEEN APPROVED OR DISAPPROVED BY THE SECURITIES AND EXCHANGE COMMISSION OR ANY STATE SECURITIES COMMISSION NOR HAS THE COMMISSION OR ANY STATE SECURITIES COMMISSION PASSED UPON THE ACCURACY OR ADEQUACY OF THIS PROSPECTUS. ANY REPRESENTATION TO THE CONTRARY IS A CRIMINAL OFFENSE.

------

Additional information about certain investment products, including variable annuities and market value adjusted annuities, has been prepared by the Securities and Exchange Commission's staff and is available at [Investor.gov](DUMMY_954_6_285).

FOR FURTHER INFORMATION CALL: 1-888-PRU-2888 OR VISIT: [WWW.PRUDENTIAL.COM/ANNUITIES](DUMMY_954_8_283)

PPIVAPROS

------

**Table of Contents**

------

---

| | |
|:---|:---|
| [**GLOSSARY OF TERMS** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.**](#ref_chapter_2_954)  | [**1**](#ref_chapter_2_954)  |
| [**OVERVIEW OF THE CONTRACT** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.**](#ref_chapter_3_954)  | [**3**](#ref_chapter_3_954)  |
| [**KEY INFORMATION** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.**](#ref_chapter_4_954)  | [**4**](#ref_chapter_4_954)  |
| [**FEE TABLE** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.**](#ref_chapter_5_954)  | [**8**](#ref_chapter_5_954)  |
| [**PRINCIPAL RISKS OF INVESTING IN THE CONTRACT** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.**](#ref_chapter_6_954)  | [**13**](#ref_chapter_6_954)  |
| [**DESCRIPTION OF INSURANCE COMPANY, REGISTERED SEPARATE ACCOUNT, AND INVESTMENT OPTIONS** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.**](#ref_chapter_7_954)  | [**15**](#ref_chapter_7_954)  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [WHO IS PRUCO LIFE?....................................................................................](#ref_chapter_7-sect1_2_954)  | [15](#ref_chapter_7-sect1_2_954)  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [WHAT ARE THE SEPARATE ACCOUNTS?.....................................................................](#ref_chapter_7-sect1_3_954)  | [15](#ref_chapter_7-sect1_3_954)  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [INVESTMENT OPTIONS...................................................................................](#ref_chapter_7-sect1_4_954)  | [16](#ref_chapter_7-sect1_4_954)  |
| [**CHARGES AND ADJUSTMENTS** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.**](#ref_chapter_8_954)  | [**19**](#ref_chapter_8_954)  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [MARKET VALUE ADJUSTMENT OPTION CHARGES AND ADJUSTMENTS............................................](#ref_chapter_8-sect1_2_954)  | [22](#ref_chapter_8-sect1_2_954)  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [ANNUITY PAYMENT OPTION CHARGES......................................................................](#ref_chapter_8-sect1_3_954)  | [22](#ref_chapter_8-sect1_3_954)  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [EXCEPTIONS/REDUCTIONS TO FEES AND CHARGES...........................................................](#ref_chapter_8-sect1_4_954)  | [22](#ref_chapter_8-sect1_4_954)  |
| [**GENERAL DESCRIPTION OF CONTRACTS** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.**](#ref_chapter_9_954)  | [**23**](#ref_chapter_9_954)  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [CHANGE OF OWNER, ANNUITANT AND BENEFICIARY DESIGNATIONS.............................................](#ref_chapter_9-sect1_2_954)  | [23](#ref_chapter_9-sect1_2_954)  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [RESTRICTIONS ON TRANSFERS BETWEEN INVESTMENT OPTIONS...............................................](#ref_chapter_9-sect1_3_954)  | [24](#ref_chapter_9-sect1_3_954)  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [TRANSFER AND REBALANCING PROGRAMS..................................................................](#ref_chapter_9-sect1_4_954)  | [25](#ref_chapter_9-sect1_4_954)  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [MARKET VALUE ADJUSTMENT.............................................................................](#ref_chapter_9-sect1_5_954)  | [27](#ref_chapter_9-sect1_5_954)  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [FINANCIAL PROFESSIONAL PERMISSION TO FORWARD TRANSACTION INSTRUCTIONS...............................](#ref_chapter_9-sect1_6_954)  | [27](#ref_chapter_9-sect1_6_954)  |
| [**ANNUITY PERIOD** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.**](#ref_chapter_10_954)  | [**28**](#ref_chapter_10_954)  |
| [**BENEFITS AVAILABLE UNDER THE CONTRACT** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.**](#ref_chapter_11_954)  | [**29**](#ref_chapter_11_954)  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [TRIGGERS FOR PAYMENT OF THE DEATH BENEFIT............................................................](#ref_chapter_11-sect1_2_954)  | [29](#ref_chapter_11-sect1_2_954)  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [THE RETURN OF PURCHASE PAYMENTS DEATH BENEFIT.......................................................](#ref_chapter_11-sect1_3_954)  | [30](#ref_chapter_11-sect1_3_954)  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [EXCEPTIONS TO THE RETURN OF PURCHASE PAYMENT AMOUNT................................................](#ref_chapter_11-sect1_4_954)  | [30](#ref_chapter_11-sect1_4_954)  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [PAYMENT OF DEATH BENEFITS............................................................................](#ref_chapter_11-sect1_5_954)  | [31](#ref_chapter_11-sect1_5_954)  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [SPOUSAL CONTINUATION OF ANNUITY......................................................................](#ref_chapter_11-sect1_6_954)  | [32](#ref_chapter_11-sect1_6_954)  |
| [**PURCHASES AND CONTRACT VALUE** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.**](#ref_chapter_12_954)  | [**33**](#ref_chapter_12_954)  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [REQUIREMENTS FOR PURCHASING THE ANNUITY.............................................................](#ref_chapter_12-sect1_2_954)  | [33](#ref_chapter_12-sect1_2_954)  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [DESIGNATION OF OWNER, ANNUITANT, AND BENEFICIARY......................................................](#ref_chapter_12-sect1_3_954)  | [34](#ref_chapter_12-sect1_3_954)  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [RIGHT TO CANCEL......................................................................................](#ref_chapter_12-sect1_4_954)  | [36](#ref_chapter_12-sect1_4_954)  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [SCHEDULED PAYMENTS DIRECTLY FROM A BANK ACCOUNT....................................................](#ref_chapter_12-sect1_5_954)  | [36](#ref_chapter_12-sect1_5_954)  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [SALARY REDUCTION PROGRAMS..........................................................................](#ref_chapter_12-sect1_6_954)  | [36](#ref_chapter_12-sect1_6_954)  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [VALUING THE VARIABLE OPTIONS..........................................................................](#ref_chapter_12-sect1_7_954)  | [36](#ref_chapter_12-sect1_7_954)  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [VALUING THE DCA MARKET VALUE ADJUSTMENT OPTIONS.....................................................](#ref_chapter_12-sect1_8_954)  | [37](#ref_chapter_12-sect1_8_954)  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [PROCESSING AND VALUING TRANSACTIONS.................................................................](#ref_chapter_12-sect1_9_954)  | [37](#ref_chapter_12-sect1_9_954)  |
| [**SURRENDERS AND WITHDRAWALS** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.**](#ref_chapter_13_954)  | [**39**](#ref_chapter_13_954)  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [TYPES OF DISTRIBUTIONS AVAILABLE TO YOU...............................................................](#ref_chapter_13-sect1_2_954)  | [39](#ref_chapter_13-sect1_2_954)  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [TAX IMPLICATIONS FOR DISTRIBUTIONS FROM NON-QUALIFIED ANNUITIES........................................](#ref_chapter_13-sect1_3_954)  | [39](#ref_chapter_13-sect1_3_954)  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [FREE WITHDRAWAL AMOUNTS (B SERIES ONLY)..............................................................](#ref_chapter_13-sect1_4_954)  | [39](#ref_chapter_13-sect1_4_954)  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [SYSTEMATIC WITHDRAWALS..............................................................................](#ref_chapter_13-sect1_5_954)  | [40](#ref_chapter_13-sect1_5_954)  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [SYSTEMATIC WITHDRAWALS UNDER SECTIONS 72(t)/72(q) OF THE INTERNAL REVENUE CODE.........................](#ref_chapter_13-sect1_6_954)  | [40](#ref_chapter_13-sect1_6_954)  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [REQUIRED MINIMUM DISTRIBUTIONS.......................................................................](#ref_chapter_13-sect1_7_954)  | [41](#ref_chapter_13-sect1_7_954)  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [SURRENDER VALUE.....................................................................................](#ref_chapter_13-sect1_8_954)  | [41](#ref_chapter_13-sect1_8_954)  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [MEDICALLY-RELATED SURRENDERS.......................................................................](#ref_chapter_13-sect1_9_954)  | [41](#ref_chapter_13-sect1_9_954)  |
| [**TAXES** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.**](#ref_chapter_14_954)  | [**43**](#ref_chapter_14_954)  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [NON-QUALIFIED ANNUITIES...............................................................................](#ref_chapter_14-sect1_2_954)  | [43](#ref_chapter_14-sect1_2_954)  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [QUALIFIED ANNUITIES...................................................................................](#ref_chapter_14-sect1_3_954)  | [47](#ref_chapter_14-sect1_3_954)  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [ADDITIONAL CONSIDERATIONS............................................................................](#ref_chapter_14-sect1_4_954)  | [53](#ref_chapter_14-sect1_4_954)  |
| [**LEGAL PROCEEDINGS** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.**](#ref_chapter_15_954)  | [**54**](#ref_chapter_15_954)  |
| [**FINANCIAL STATEMENTS** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.**](#ref_chapter_16_954)  | [**55**](#ref_chapter_16_954)  |
| [**ADDITIONAL INFORMATION** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.**](#ref_chapter_17_954)  | [**56**](#ref_chapter_17_954)  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [HOW WILL I RECEIVE STATEMENTS AND REPORTS?...........................................................](#ref_chapter_17-sect1_2_954)  | [56](#ref_chapter_17-sect1_2_954)  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [HOW TO CONTACT US...................................................................................](#ref_chapter_17-sect1_3_954)  | [56](#ref_chapter_17-sect1_3_954)  |
| [**APPENDIX A – INVESTMENT OPTIONS AVAILABLE UNDER THE CONTRACT** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.**](#ref_chapter_18_954)  | [**A-1**](#ref_chapter_18_954)  |

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| [**APPENDIX B – SELECTING THE VARIABLE ANNUITY THATS RIGHT FOR YOU** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.**](#ref_chapter_19_954)  | [**B-1**](#ref_chapter_19_954)  |
| [**APPENDIX C – SPECIAL CONTRACT PROVISIONS FOR ANNUITIES ISSUED IN CERTAIN STATES** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.**](#ref_chapter_20_954)  | [**C-1**](#ref_chapter_20_954)  |
| [**APPENDIX D - FINANCIAL INTERMEDIARY VARIATIONS** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.** **.**](#ref_chapter_21_954)  | [**D-1**](#ref_chapter_21_954)  |

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**GLOSSARY OF TERMS**

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We set forth here definitions of some of the key terms used throughout this prospectus. In addition to the definitions here, we also define certain terms in the section of the prospectus that uses such terms.

**Account Value:** The total value of all allocations to the Variable Options and the DCA Market Value Adjustment Option on any Valuation Day. The Account Value is determined separately for each Variable Option and then totaled to determine the Account Value for your entire Annuity.

**Account Value Based Insurance Charge:** A charge that is assessed daily, based on an annualized rate for as long as you own the Annuity.

**Accumulation Period:** The period of time from the Issue Date through the last Valuation Day immediately preceding the Annuity Date.

**Adjusted Purchase Payment:** Purchase Payments we receive less any fees, charges or Tax Charges we deduct prior to allocation to the Variable Option(s) you select.

**Annuitant:** The natural person upon whose life annuity payments are based.

**Annuitization:** The process by which you direct us to apply the Unadjusted Account Value to one of the available annuity options to begin making periodic payments.

**Annuity Date:** The date on which we apply your Unadjusted Account Value to the applicable annuity option and begin the Payout Period. As discussed in the annuity options section, there is an age by which you must begin receiving annuity payments, which we call the "Latest Annuity Date."

**Annuity Year:** The first Annuity Year begins on the Issue Date and continues through and includes the day immediately preceding the first anniversary of the Issue Date. Subsequent Annuity Years begin on the anniversary of the Issue Date and continue through and include the day immediately preceding the next anniversary of the Issue Date.

**Application Sign Date:** The date that you sign your application. For applications transmitted through electronic order entry, the Application Sign Date is the e-signature date. In the absence of an e-signature, the Application Sign Date would default to the initial submission date prior to a wet signature, and the wet signature would not be used to determine the Application Sign Date. Please speak to your Financial Professional regarding exceptions that may apply.

**Beneficiary(ies):** The natural person(s) or entity(ies) designated as the recipient(s) of the Death Benefit or to whom any remaining period certain payments may be paid in accordance with the annuity payout options section of this Annuity.

**Beneficiary Annuity:** You may purchase an Annuity if you are a Beneficiary of an account that was owned by a decedent, subject to the requirements discussed in this prospectus. You may transfer the proceeds of the decedent's account into one of the Annuities described in this prospectus and continue receiving the distributions that are required by the tax laws. This transfer option is only available for purchase of an IRA, Roth IRA, or a Non-qualified Beneficiary Annuity.

**Free Withdrawal Amount:** The Free Withdrawal Amount is the amount that can be withdrawn from your Annuity each Annuity Year without the application of any CDSC.

**Code:** The Internal Revenue Code of 1986, as amended from time to time and the regulations promulgated thereunder.

**Contingent Annuitant:** The natural person named to become the Annuitant upon the death of Annuitant prior to the Annuity Date. A Contingent Annuitant may be named only in limited circumstances involving an Annuity issued to a Custodial Account or to a tax-qualified retirement plan.

**Contingent Deferred Sales Charge ("CDSC"):** This is a sales charge that may be deducted when you make a surrender or take a partial withdrawal from your Annuity. We refer to this as a "contingent" charge because it is imposed only if you surrender or take a withdrawal from your Annuity. The charge is a percentage of each applicable Purchase Payment that is being surrendered or withdrawn. The CDSC only applies to the B Series. The CDSC is also referred to as a surrender charge in this prospectus.

**Custodial Account:** A trust or Custodial Account that qualifies as an individual retirement account as defined in Section 408(a) of the Code, including a Roth IRA that satisfies the definitions in Sections 408(a) and 408A of the Code.

**Dollar Cost Averaging ("DCA") Market Value Adjustment Option:** An Investment Option that offers a fixed rate of interest for a specified period. The DCA Market Value Adjustment Option is used only with our 6 or 12 Month Dollar Cost Averaging Program, under which the Purchase Payments that you have allocated to that DCA Market Value Adjustment Option are transferred to the designated Variable Options over a 6 month or 12 month period. Withdrawals or transfers from the DCA Market Value Adjustment Option will be subject to a Market Value Adjustment if made other than pursuant to the 6 or 12 Month DCA Program.

**Due Proof of Death:** Due Proof of Death is satisfied when we receive all of the following in Good Order: (a) a death certificate or similar documentation acceptable to us; (b) all representations we require or which are mandated by applicable law or regulation in relation to the death claim and the payment of death proceeds (representations may include, but are not limited to, trust or estate paperwork (if needed); consent forms (if applicable); and claims forms from at least one Beneficiary); and (c) any applicable election of the method of payment of the death benefit, if not previously elected by the Owner, by at least one Beneficiary.

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**Free Look:** The right to examine your Annuity, during a limited period of time, to decide if you want to keep it or cancel it. The length of this time period, and the amount of refund, depends on applicable law and thus may vary by state. In addition, there is a different Free Look period that applies if your Annuity is held within an IRA or if your Annuity was sold to you as a replacement of a life insurance policy or another annuity contract. In your Annuity contract, your Free Look right is referred to as your "Right to Cancel."

**Good Order:** Good Order is the standard that we apply when we determine whether an instruction is satisfactory. An instruction will be considered in Good Order if it is received at our Service Center: (a) in a manner that is satisfactory to us such that it is sufficiently complete and clear that we do not need to exercise any discretion to follow such instruction and complies with all relevant laws and regulations; (b) on specific forms, or by other means we then permit (such as via telephone or electronic submission); and/or (c) with any signatures and dates as we may require. We will notify you if an instruction is not in Good Order.

**Guarantee Period:** The period of time during which we credit a fixed rate of interest to a DCA Market Value Adjustment Option.

**Investment Option:** A Variable Option or DCA Market Value Adjustment Option available as of any given time to which Account Value may be allocated.

**Issue Date:** The effective date of your Annuity.

**Key Life:** Under the Beneficiary Annuity, the person whose life expectancy is used to determine the required distributions.

**Market Value Adjustment:** A positive or negative adjustment used to determine the Account Value of a DCA Market Value Adjustment Option.

**Owner:** The Owner is either an eligible entity or individual named as having ownership rights in relation to the Annuity.

**Payout Period:** The period starting on the Annuity Date and during which annuity payments are made.

**Portfolio:** An underlying mutual fund in which a Variable Option of the Registered Separate Account invests.

**Premium Based Insurance Charge:** A charge that is deducted on each Quarterly Annuity Anniversary from your Account Value for as long as you own the Annuity.

**Purchase Payment:** A cash consideration (a "premium") in currency of the United States of America given to us in exchange for the rights, privileges, and benefits of the Annuity.

**Quarterly Annuity Anniversary:** Each successive three-month anniversary of the Issue Date of the Annuity.

**Registered Separate Account:** (Separate Account) Pruco Life Flexible Premium Variable Annuity Account, which holds the assets supporting the Variable Options. Assets held in the Registered Separate Account are kept separate from all of our other assets and may not be charged with liabilities arising out of any other business we may conduct.

**Required Minimum Distribution:** The annual distribution that must be taken from an IRA, other than a Roth IRA, or a qualified plan during the life of the Owner. The Required Minimum Distribution will be computed based on Internal Revenue Code requirements (including Internal Revenue Service guidance).

**Return of Purchase Payments Death Benefit:** An optional benefit that, for an additional charge, replaces the basic death benefit provided by the Annuity.

**Service Center:** The place to which all requests and payments regarding the Annuity are to be sent. We may change the address of the Service Center at any time and will notify you in advance of any such change of address. Please see "[How to Contact Us](#ref_chapter_17-sect1_3_954)" in this prospectus for the Service Center address.

**Surrender Value:** Your Surrender Value is equal to the Account Value (which includes the effect of any Market Value Adjustment) less any applicable CDSC, any applicable tax charges, any applicable optional death benefit charge (if a full surrender occurs on a Quarterly Annuity Anniversary) and any Annual Maintenance Fee.

**Unadjusted Account Value:** The Unadjusted Account Value is equal to the Account Value prior to the application of any Market Value Adjustment.

**Unit:** A share of participation in a Variable Option used to calculate your Unadjusted Account Value prior to the Annuity Date.

**Unit Value:** Each Variable Option has a separate value for its Units (this is analogous to, but not the same as, the share price of a mutual fund).

**Valuation Day:** Every day the New York Stock Exchange is open for trading or any other day the Securities and Exchange Commission requires mutual funds or unit investment trusts to be valued, not including any day: (1) trading on the NYSE is restricted; (2) an emergency, as determined by the SEC, exists making redemption or valuation of securities held in the Separate Account impractical; or (3) the SEC, by order, permits the suspension or postponement for the protection of security holders.

**Variable Option:** A division of the Registered Separate Account. The Variable Option also may be referred to in this prospectus and the Annuity as a Variable Sub-account or Sub-account.

**we, us, our, the Company:** Pruco Life Insurance Company.

**you, your:** The Owner(s) shown in the Contract.

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**OVERVIEW OF THE CONTRACT**

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**Prudential Premier Investment Variable Annuity ("B Series")**

**Prudential Premier Investment Variable Annuity ("C Series")**

**Purpose of the Contract**

The Annuity is a long-term investment designed for long-term retirement purposes because it allows you to accumulate retirement savings and also offers annuity payment options when you are ready to begin receiving income. This Annuity is a "flexible premium deferred annuity." It is called "flexible premium" because you have considerable flexibility in the timing and amount of premium payments. Generally, investors "defer" receiving annuity payments until after an Accumulation Period. This Annuity may be appropriate for investors accumulating retirement savings on a tax deferred basis and would seek guaranteed income through an annuity payment option.

**Phases of the Contract**

The Annuity features two distinct phases—the Accumulation Period and the payout period. During the Accumulation Period your Account Value is allocated to one or more Investment Options. See "Investment Options" below. During the payout period (after Annuitization), you can elect to receive annuity payments (1) for life with a guaranteed minimum number of payments or (2) for a guaranteed number of payments. We currently make annuity payments available on a fixed basis. After Annuitization, the Death Benefits and any optional benefits described in this prospectus will no longer apply. We reserve the right to make available other annuity options. See the ["Annuity Period"](#ref_chapter_10-sect1_1_954) section of this prospectus.

**Investment Options**

*Variable Options:* The Variable Options we make available each invest in an underlying Portfolio whose share price generally fluctuates each day. The Variable Options do not provide any level of protection against negative returns. You are at risk of losing principal and any earnings if you allocate funds to a Portfolio.

*DCA Market Value Adjustment Options:* The DCA Market Value Adjustment Options provide a fixed rate of return for a set period of time called a "Guarantee Period." An investment in the DCA Market Value Adjustment Options may be appropriate for investors who seek a fixed rate of return on either all or a portion of their Account Value and do not need access to their money before the end of the Guarantee Period.

&nbsp;&nbsp;&nbsp;&nbsp;If you withdraw or transfer assets from a DCA Market Value Adjustment Option more than 30 days prior to the end of the Guarantee Period, we will apply a Market Value Adjustment, which may increase or decrease your initial amount invested. You could lose a significant amount of money due to a negative Market Value Adjustment. The following transactions, when they occur more than 30 days prior to the end of the Guarantee Period, are subject to a Market Value Adjustment: (i) partial withdrawals (including systematic withdrawals and Required Minimum Distributions), (ii) surrenders, (iii) exercise of the right to cancel, and (iv) transfers (other than scheduled DCA transfers).

**Additional information about the Investment Options is provided in** [**<u>Appendix A</u>**](#ref_chapter_18-sect1_1_954) **to the prospectus.**

**Contract Features**

*Death Benefits:* The Annuity offers a basic Death Benefit that returns your Account Value if you die. It also offers an optional Death Benefit that provides enhanced levels of protection for your Beneficiary(ies) for an additional charge.

*Withdrawals:* You are allowed to withdraw a limited amount of money from your Annuity on an annual basis without any charges.

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**KEY INFORMATION**

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| **Important Information You Should Consider About the Contract**  | **Important Information You Should Consider About the Contract**  |
| **Fees, Expenses, and Adjustments**  | **Fees, Expenses, and Adjustments**  |
|  Are there Charges or Adjustments for Early Withdrawals? | **Yes.**<br>For B Series: If you withdraw money from the Contract within 7 years following your last premium payment, you may be assessed a surrender charge. The maximum surrender charge is 7% of the premium payment, and a surrender charge may be assessed up to 7 years after the last premium payment under the Contract. If you make an early withdrawal, you could pay a surrender charge of up to $7,000 on a $100,000 withdrawal.<br>For C Series: None<br>*Market Value Adjustments* for Both B & C Series: If you withdraw or transfer assets from a DCA Market Value Adjustment Option more than 30 days prior to the end of the Guarantee Period, we will apply a Market Value Adjustment, which may increase or decrease your initial amount invested. You could lose up to 100% of your investment in a DCA Market Value Adjustment Option as a result of a negative Market Value Adjustment. For example, if you allocate $100,000 to a DCA Market Value Adjustment Option with a 12 month Guarantee Period and later withdraw the entire amount before the 12 months have ended, you could lose up to $100,000 of your investment. This loss will be greater if you also have to pay taxes and tax penalties. The following transactions, when they occur more than 30 days prior to the end of the Guarantee Period, are subject to a Market Value Adjustment: (i) partial withdrawals (including systematic withdrawals and Required Minimum Distributions), (ii) surrenders, (iii) exercise of the right to cancel, and (iv) transfers (other than scheduled DCA transfers).<br>For more information on early withdrawal charges, please refer to the ["Charges and Adjustments"](#ref_chapter_8-sect1_1_954) section of this prospectus. |
|  Are there Transaction Charges? | **Yes.**<br>In addition to surrender charges and Market Value Adjustments, charges may be applied to transfers (if more than 20 in a Contract Year), to requests for duplicate reports, or if state or local premium taxes are assessed.<br>For more information on transaction charges, please refer to the ["Charges and Adjustments"](#ref_chapter_8-sect1_1_954) section of this prospectus. |

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| **Important Information You Should Consider About the Contract**  | **Important Information You Should Consider About the Contract**  | **Important Information You Should Consider About the Contract**  | **Important Information You Should Consider About the Contract**  |
| **Fees, Expenses, and Adjustments**  | **Fees, Expenses, and Adjustments**  | **Fees, Expenses, and Adjustments**  | **Fees, Expenses, and Adjustments**  |
|  Are there Ongoing Fees and Expenses? | **Yes.**<br>The table below describes the fees and expenses that you may pay each year, depending on the Investment Options and optional benefits you choose. Please refer to your Contract specifications page for information about the specific fees you will pay each year based on the options you have elected. | **Yes.**<br>The table below describes the fees and expenses that you may pay each year, depending on the Investment Options and optional benefits you choose. Please refer to your Contract specifications page for information about the specific fees you will pay each year based on the options you have elected. | **Yes.**<br>The table below describes the fees and expenses that you may pay each year, depending on the Investment Options and optional benefits you choose. Please refer to your Contract specifications page for information about the specific fees you will pay each year based on the options you have elected. |
|  Are there Ongoing Fees and Expenses? | **Annual Fee** | **Minimum** | **Maximum** |
|  Are there Ongoing Fees and Expenses? | **Base Contract Fees**<sup>1</sup> |  |  |
|  Are there Ongoing Fees and Expenses? | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; B Series | 0.950% | 1.134% |
|  Are there Ongoing Fees and Expenses? | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; C Series | 1.350% | 1.384% |
|  Are there Ongoing Fees and Expenses? | **Portfolio Company fees and** **expenses** | 0.28% | 1.41% |
|  Are there Ongoing Fees and Expenses? | **Optional benefits available for an** **additional charge:** | Premium Based: 0.15%<sup>2</sup> | Premium Based: 0.17%<sup>3</sup> |
|  Are there Ongoing Fees and Expenses? | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; B Series and C Series | plus | plus |
|  Are there Ongoing Fees and Expenses? | (for a single optional benefit, if elected) | Account Value Based: 0.15%<sup>2</sup> | Account Value Based: 0.18%<sup>3</sup> |
|  Are there Ongoing Fees and Expenses? | <sup>1</sup>Charge based on average daily net assets allocated to the Variable Options plus an amount attributable to the Premium Based Charge. For more information on the Premium Based Charge, please refer to the ["Charges and Adjustments"](#ref_chapter_8-sect1_1_954) section of this prospectus.<br><sup>2</sup>Charge based partly on a percentage of premiums paid and partly on net assets allocated to the Variable Options. This charge is the minimum charge for the Return of Purchase Payments Death Benefit, the least expensive optional benefit with an additional charge.<br><sup>3</sup>Charge based partly on a percentage of the premiums paid and partly on net assets allocated to the Variable Options. This charge is the current charge for the Return of Purchase Payments Death Benefit, the most expensive optional benefit with an additional charge. | <sup>1</sup>Charge based on average daily net assets allocated to the Variable Options plus an amount attributable to the Premium Based Charge. For more information on the Premium Based Charge, please refer to the ["Charges and Adjustments"](#ref_chapter_8-sect1_1_954) section of this prospectus.<br><sup>2</sup>Charge based partly on a percentage of premiums paid and partly on net assets allocated to the Variable Options. This charge is the minimum charge for the Return of Purchase Payments Death Benefit, the least expensive optional benefit with an additional charge.<br><sup>3</sup>Charge based partly on a percentage of the premiums paid and partly on net assets allocated to the Variable Options. This charge is the current charge for the Return of Purchase Payments Death Benefit, the most expensive optional benefit with an additional charge. | <sup>1</sup>Charge based on average daily net assets allocated to the Variable Options plus an amount attributable to the Premium Based Charge. For more information on the Premium Based Charge, please refer to the ["Charges and Adjustments"](#ref_chapter_8-sect1_1_954) section of this prospectus.<br><sup>2</sup>Charge based partly on a percentage of premiums paid and partly on net assets allocated to the Variable Options. This charge is the minimum charge for the Return of Purchase Payments Death Benefit, the least expensive optional benefit with an additional charge.<br><sup>3</sup>Charge based partly on a percentage of the premiums paid and partly on net assets allocated to the Variable Options. This charge is the current charge for the Return of Purchase Payments Death Benefit, the most expensive optional benefit with an additional charge. |
|  Are there Ongoing Fees and Expenses? | Because your Contract is customizable, the choices you make affect how much you will pay. To help you understand the cost of owning your Contract, the following table shows the lowest and highest cost you could pay each year, based on current charges.<br>**This estimate assumes that you do not take withdrawals from the Contract, which could add surrender charges** **that substantially increase costs.** | Because your Contract is customizable, the choices you make affect how much you will pay. To help you understand the cost of owning your Contract, the following table shows the lowest and highest cost you could pay each year, based on current charges.<br>**This estimate assumes that you do not take withdrawals from the Contract, which could add surrender charges** **that substantially increase costs.** | Because your Contract is customizable, the choices you make affect how much you will pay. To help you understand the cost of owning your Contract, the following table shows the lowest and highest cost you could pay each year, based on current charges.<br>**This estimate assumes that you do not take withdrawals from the Contract, which could add surrender charges** **that substantially increase costs.** |
|  Are there Ongoing Fees and Expenses? | **Lowest Annual Cost**<br>**B Series -** **$1,248**<br>**C Series -** **$1,651** | **Highest Annual Cost**<br>**B Series -** **$2,901**<br>**C Series -** **$3,151** |  |
|  Are there Ongoing Fees and Expenses? | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Assumes:<br> Investment of $100,000<br>5% annual appreciation<br>Least expensive Portfolio fees and expenses<br>No optional benefits<br>No sales charges or advisory fees<br>No subsequent Purchase Payments, transfers or withdrawals<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Assumes:<br> Investment of $100,000<br>5% annual appreciation<br>Most expensive combination of optional benefits and Portfolio fees and expenses<br>No sales charges or advisory fees<br>No subsequent Purchase Payments, transfers or withdrawals<br>|  |
|  Are there Ongoing Fees and Expenses? | For more information on transaction charges, please refer to the "[Fee Table](#ref_chapter_5-sect1_1_954)" and ["Charges and Adjustments"](#ref_chapter_8-sect1_1_954) sections of this prospectus. | For more information on transaction charges, please refer to the "[Fee Table](#ref_chapter_5-sect1_1_954)" and ["Charges and Adjustments"](#ref_chapter_8-sect1_1_954) sections of this prospectus. | For more information on transaction charges, please refer to the "[Fee Table](#ref_chapter_5-sect1_1_954)" and ["Charges and Adjustments"](#ref_chapter_8-sect1_1_954) sections of this prospectus. |

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| **Risks** | **Risks** |
|  Is there a Risk of Loss from Poor Performance? | **Yes.**<br>You can lose money by investing in the Contract.<br>For more information on the risk of loss from poor performance, please refer to the "[Principal Risks of Investing in the Contract](#ref_chapter_6-sect1_1_954)" section of this prospectus. |

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| **Risks**  | **Risks**  |
|  Is this a Short-Term Investment? | **No.**<br>The Contract is not a short-term investment and is not appropriate for an investor who needs ready access to cash. The Contract is designed to provide benefits on a long-term basis. Because of the long-term nature of the Contract, you should consider whether the Contract is consistent with your financial situation and objectives.<br>Withdrawals may generally reduce the level of various optional benefit guarantees provided and may be subject to federal and state income taxes, as well as a 10% additional tax. If you withdraw or transfer assets from a Market Value Adjustment Option, other than during the 30 day period immediately following the end of the Guarantee Period, we will apply a Market Value Adjustment, which may increase or decrease your initial amount invested.<br>For more information on the short-term investment risks, please refer to the "[Principal Risks of Investing in the Contract](#ref_chapter_6-sect1_1_954)" section of this prospectus. |
|  What are the Risks Associated with the Investment Options? | An investment in the Contract is subject to the risk of poor investment performance and can vary depending on the performance of the Investment Options you select. Each of the Investment Options available under the Contract, including the Variable Options and the DCA Market Value Adjustment options, has its own unique risks. You should review the Investment Options before making an investment decision. The DCA Market Value Adjustment Options may be subject to a Market Value Adjustment, which can be negative, causing you to lose money.<br>For more information on the risk associated with Investment Options, please refer to the "[Principal Risks of Investing in the Contract](#ref_chapter_6-sect1_1_954)" section of this prospectus. |
|  What are the Risks Related to the Insurance Company? | An investment in the Contract is subject to the risks related to the Company. Any obligations (including under any DCA Market Value Adjustment Option), guarantees, or benefits are subject to the claims-paying ability of the Company. More information about the Company, including its financial strength ratings, is available upon request. Such requests can be made toll free at 1-888-PRU-2888.<br>For more information on insurance company risks, please refer to the "[Principal Risks of Investing in the Contract](#ref_chapter_6-sect1_1_954)" section of this prospectus. |
| **Restrictions**  | **Restrictions**  |
|  Are there Restrictions on the Investment Options?  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Yes.**<br>There are restrictions that may limit the investment options that you may choose, and there are limitations on the transfer of Account Value among investment options.<br> You may make twenty (20) free transfers between Investment Options each Contract Year. After the twentieth transfer in each Contract Year, we will charge $10 for each additional transfer.<br>You may only allocate Purchase Payments to the DCA Market Value Adjustment Options. You may not transfer Account Value into this program.<br>If you select an optional benefit, your selection of Investment Options may be limited.<br>The DCA Market Value Adjustment Options may not be available through all firms.<br>You may not have a 6 Month DCA Program running simultaneously with a 12 Month Program.<br>We reserve the right to:<br> Remove or substitute Portfolios as Investment Options or to close Variable Options to subsequent Purchase Payments on existing Annuities or Annuities purchased on or after specified dates,<br>Impose limitations on an investment professional's or investment advisor's ability to request financial transactions on your behalf,<br>Limit the number of transfers you may make or to impose a minimum transfer amount, and<br>Limit, suspend or reject any additional Purchase Payment at any time on a non-discriminatory basis. If we do so, you may no longer be able to increase the amount of the death benefit under an optional death benefit through subsequent Purchase Payments. This would also impact your ability to make annual contributions to certain qualified Annuities.<br>Certain Investment Options may not be available through certain financial intermediaries. **See** [**<u>Appendix D - Financial Intermediary</u>** **<u>Variations</u>**](#ref_chapter_21-sect1_1_954) **and the** [**<u>Cover Page</u>**](#ref_chapter_1-sect1_1_954) **for additional information.**<br>**For more information on investment and transfer restrictions, please refer to the** [**<u>"Charges and Adjustments"</u>**](#ref_chapter_8-sect1_1_954) **section,** [**<u>"Appendix A"</u>**](#ref_chapter_18-sect1_1_954)**, the** [**<u>"Restrictions on Transfers Between Investment Options"</u>**](#ref_chapter_9-sect1_3_954) **section, the** [**<u>"Principal Risks of Investing in the</u>** **<u>Contract"</u>**](#ref_chapter_6-sect1_1_954) **section, the** [**<u>"General Description of Contracts"</u>**](#ref_chapter_9-sect1_1_954) **section, and the** [**<u>"Financial Professional Permission to Forward</u>** **<u>Transaction Instructions"</u>**](#ref_chapter_9-sect1_6_954) **section of this prospectus.** |

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| | |
|:---|:---|
| **Restrictions**  | **Restrictions**  |
|  Are there any Restrictions on Contract Benefits?  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Yes.**<br>There are restrictions and limitations relating to benefits offered under the Contract. Except as otherwise provided, Contract benefits may not be modified or terminated by the Company.<br> The availability of Contract benefits described in this prospectus may vary depending on the broker-dealer through which the Contract is sold. **See "**[**<u>Appendix D - Financial Intermediary Variations</u>**](#ref_chapter_21-sect1_1_954)**".**<br>You may be able to obtain optional benefits, which may require additional charges. If you elect to purchase an optional benefit, we will deduct an additional charge on a quarterly basis from your Account Value allocated to the Variable Options. The charge for the optional benefit is deducted in addition to the Insurance Charge due to the increased insurance risk associated with the optional benefit.<br>Any withdrawals that exceed limits specified by the terms of an optional benefit may affect the availability of the benefit by reducing the benefit by an amount greater than the value withdrawn, and/or could terminate the benefit.<br>Certain Contract Benefits may not be available through certain financial intermediaries. **See** [**<u>Appendix D - Financial Intermediary</u>** **<u>Variations</u>**](#ref_chapter_21-sect1_1_954) **and the** [**<u>Cover Page</u>**](#ref_chapter_1-sect1_1_954) **for additional information.**<br>For more information on optional benefits under the Contract, please refer to the "[Benefits Available Under the Contract](#ref_chapter_11-sect1_1_954)" section of this prospectus. |
| **Taxes**  | **Taxes**  |
|  What are the Contract's Tax Implications?  | You should consult with a tax professional to determine the tax implications of an investment in and payments received under the Contract. There is no additional tax benefit if you purchase the Contract through a tax-qualified plan or individual retirement account (IRA). Withdrawals will be subject to ordinary income tax, and may be subject to a 10% additional tax for distributions taken prior to age 59½.<br>For more information on tax implications, please refer to the "[Taxes](#ref_chapter_14-sect1_1_954)" section of this prospectus. |
| **Conflicts of Interest**  | **Conflicts of Interest**  |
|  How are Investment Professionals Compensated?  | Broker/dealers may receive compensation for selling the Contract to investors and may have a financial incentive to offer or recommend the Contract over another investment. This compensation is paid in the form of commissions, revenue sharing, and other compensation programs based on your investments in the Contract.<br>For more information on investment professional compensation, please refer to the Statement of Additional Information. |
|  Should I Exchange My Contract?  | Some investment professionals may have a financial incentive to offer you a new Contract in place of the one you already own. You should only exchange your Contract if you determine after comparing the features, fees, and risks of both contracts, and any fees or penalties to terminate the existing Contract, that it is preferable to purchase the new Contract, rather than continue to own your existing Contract.<br>For more information on exchanges, please refer to the Statement of Additional Information. |

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**FEE TABLE**

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**The following tables describe the fees, expenses, and adjustments that you will pay when buying, owning, and surrendering or making** **withdrawals from an Investment Option or from the Annuity. Please refer to your Contract specifications page for information about the** **specific fees you will pay each year based on the options you have elected.**

**The first table describes the fees and expenses that you will pay at the time you buy the Contract, surrender or make withdrawals from the** **Contract, transfer Account Value between Investment Options, or request duplicate reports. State premium taxes may also be deducted.** **These fees and charges are described in more detail within this prospectus in the** [**<u>"Charges and Adjustments"</u>**](#ref_chapter_8-sect1_1_954) **section.**

---

| | | |
|:---|:---|:---|
|  **Transaction Expenses**  | **Current** | **Maximum** |
| &nbsp;&nbsp;&nbsp;&nbsp; Sales Charge Imposed on Purchases  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Deferred Sales Charge (as a percentage of each Purchase Payment)<sup>1</sup> B Series<br>C Series  | 7%<br>None | 7%<br>None |
| &nbsp;&nbsp;&nbsp;&nbsp; Transfer Fee<sup>2</sup>  | $10 | $10 |
| &nbsp;&nbsp;&nbsp;&nbsp; Additional Copies of Reports<sup>3</sup>  |  | $50 |

---

1. The Deferred Sales Charges, if applicable, are assessed as a percentage of each applicable Purchase Payment and deducted upon surrender or withdrawal. For purposes of calculating this charge, we consider the year following the date of each Purchase Payment as Year 1. Purchase Payments are withdrawn on a "first-in, first-out" basis.

2. Currently, we deduct the fee after the 20 <sup>th</sup> transfer each Annuity Year. Transfers in connection with a rebalancing or Dollar Cost Averaging program do not count toward the 20 free transfers in an Annuity Year.

3. We do not currently assess this fee. However, we reserve the right to charge up to $50 for each additional report (i.e., confirmation statement or quarterly statement) you request.

The following Contingent Deferred Sales Charge percentages apply based on the year of the surrender or withdrawal:

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | Less than<br>1 Year | 1 Year<br>or more<br>but less<br>than<br>2 Years | 2 Years<br>or more<br>but less<br>than<br>3 Years | 3 Years<br>or more<br>but less<br>than<br>4 Years | 4 Years<br>or more<br>but less<br>than<br>5 Years | 5 Years<br>or more<br>but less<br>than<br>6 Years | 6 Years<br>or more<br>but less<br>than<br>7 Years | 7 Years<br>or more |
|  **B Series**<br>(signed before 8/8/2016)  | 7.0% | 7.0% | 6.0% | 6.0% | 5.0% | 4.0% | 3.0% | 0.0% |
|  **B Series**<br>(signed on or after 8/8/2016)  | 7.0% | 7.0% | 6.0% | 6.0% | 5.0% | 0.0% | 0.0% | 0.0% |
|  **C Series**  | There is no CDSC for this Annuity | There is no CDSC for this Annuity | There is no CDSC for this Annuity | There is no CDSC for this Annuity | There is no CDSC for this Annuity | There is no CDSC for this Annuity | There is no CDSC for this Annuity | There is no CDSC for this Annuity |

---

**The next table describes the adjustments, in addition to any transaction expenses, that apply if all or a portion of the Account Value is** **removed from a DCA Market Value Adjustment Option before the expiration of a specified period.**

---

| | |
|:---|:---|
|  **Adjustments**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Market Value Adjustment Maximum Potential Loss (as a percentage of Unadjusted Account Value in the DCA Market Value Adjustment Option)<sup>1</sup>  | 100% |

---

1. The following transactions, when they occur more than 30 days prior to the end of the Guarantee Period, are subject to a Market Value Adjustment: (i) partial withdrawals (including systematic withdrawals and Required Minimum Distributions), (ii) surrenders, (iii) exercise of the right to cancel, and (iv) transfers (other than scheduled DCA transfers).

The next table describes the current and maximum fees and expenses that you will pay each year during the time that you own the Annuity (not including Portfolio fees and expenses). Your current fees and expenses may be less than the maximum.

If you choose to purchase an optional benefit, you will pay additional charges, as shown below.

---

| | | |
|:---|:---|:---|
|  **Annual Annuity Expenses**  | **Current** | **Maximum** |
|  **Administrative Expenses<sup>1</sup>**<br>*(assessed annually as a percentage of Unadjusted Account Value)*  | Lesser of $50 or 2%<br>| Lesser of $50 or 2%<br>|

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---

| | | |
|:---|:---|:---|
|  **Annual Annuity Expenses**  | **Current** | **Maximum** |
|  **Premium Based Insurance Charge - for contracts issued** **on or after September 16, 2019<sup>2</sup>**<br>*(assessed quarterly on the Charge Basis, as described in "*[*<u>Charges</u>*](#ref_chapter_8-sect1_1_954)*")*<br>B Series<br>C Series  | 0.47%<br>0.67% | 0.47%<br>0.67% |
|  **Account Value Based Insurance Charge - for contracts** **issued on or after September 16, 2019**<br>*(assessed daily as a percentage of the net assets of the Variable Options)*<br>B Series<br>C Series  | 0.48%<br>0.68% | 0.48%<br>0.68% |
|  **Premium Based Insurance Charge - for contracts issued** **before September 16, 2019<sup>2</sup>**<br>*(assessed quarterly on the Charge Basis, as described in "*[*<u>Charges</u>*](#ref_chapter_8-sect1_1_954)*")*<br>B Series<br>C Series  | 0.55%<br>0.67% | 0.55%<br>0.67% |
|  **Account Value Based Insurance Charge - for contracts** **issued before September 16, 2019**<br>*(assessed daily as a percentage of the net assets of the Variable Options)*<br>B Series<br>C Series  | 0.55%<br>0.68% | 0.55%<br>0.68% |
|  **Your Optional Benefit Fees and Charges**  | **Your Optional Benefit Fees and Charges**  | **Your Optional Benefit Fees and Charges**  |
|  **Return of Purchase Payments Death Benefit Charge<sup>3</sup>**  | **Return of Purchase Payments Death Benefit Charge<sup>3</sup>**  | **Return of Purchase Payments Death Benefit Charge<sup>3</sup>**  |
|  For contracts issued on or after August 24, 2015  | Premium Based: 0.17%<br>Plus<br>Account Value Based: 0.18% | Premium Based: 0.17%<br>Plus<br>Account Value Based: 0.18% |
|  For contracts issued prior to August 24, 2015  | Premium Based: 0.15%<br>Plus<br>Account Value Based: 0.15% | Premium Based: 0.15%<br>Plus<br>Account Value Based: 0.15% |

---

1. The Administrative Expense is referred to as "Annual Maintenance Fee" elsewhere in this Prospectus. The Administrative Expense is only applicable if the sum of the Purchase Payments at the time the fee is due is less than $100,000.

2. The Premium Based Insurance Charge, shown as an annualized rate, is deducted on a quarterly basis at a rate of 0.1175% for the B Series for contracts issued on or after September 16, 2019 and is deducted on a quarterly basis at a rate of 0.1375% for the B Series for contracts issued before September 16, 2019. The Premium Based Insurance Charge is deducted on a quarterly basis at a rate of 0.1675% for the C Series.

3. For contracts issued on or after August 24, 2015 the Return of Purchase Payments Death Benefit charge is comprised of a 0.18% charge assessed daily as a percentage of the net assets of the Variable Options (Account Value Based Charge) plus a 0.17% Premium Based Charge assessed quarterly at 0.0425% and deducted on a proportional basis from the Variable Options in which you maintain Account Value on the date the charge is due. For contracts issued prior to August 24, 2015, the charge is comprised of a 0.15% charge assessed daily as a percentage of the net assets of the Variable Options (Account Value Based Charge) plus a 0.15% Premium Based Charge assessed quarterly at 0.0375% and deducted on a proportional basis from the Variable Options in which you maintain Account Value on the date the charge is due.

The next item shows the minimum and maximum total operating expenses charged by the Portfolios that you may pay periodically during the time that you own the Annuity. **Expenses shown may change over time and may be higher or lower in the future.** **A complete list of Portfolios available** **under the Annuity, including their annual expenses, may be found at** [**<u>Appendix A</u>**](#ref_chapter_18-sect1_1_954) **of this prospectus.**

---

| | | |
|:---|:---|:---|
|  **Annual Portfolio Expenses**  | **Annual Portfolio Expenses**  | **Annual Portfolio Expenses**  |
|  (expenses that are deducted from Portfolio assets, including management fees, distribution and/or service (12b-1) fees, and other expenses)  | <u>*<u>Minimum</u>*</u>  | <u>*<u>Maximum</u>*</u>  |
|  (expenses that are deducted from Portfolio assets, including management fees, distribution and/or service (12b-1) fees, and other expenses)  | 0.28% | 1.41% |

---

**EXAMPLES**

**These examples are intended to help you compare the cost of investing in the Variable Options with the cost of investing in other annuity** **contracts that offer variable options.**

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**The Example assumes all Account Value is allocated to the Variable Options. The Example does not reflect the Market Value Adjustment. Your** **costs could differ from those shown below if you invest in the DCA Market Value Adjustment Options.**

**The Example assumes you invest $100,000 in the Variable Options for the time periods indicated. The Example also assumes that your** **investment has a 5% return each year and assumes the most expensive combination of Annual Portfolio Company Expenses and optional** **benefits available for an additional charge, which includes the Return of Purchase Payments Death Benefit Charge. Although your actual** **costs may be higher or lower, based on these assumptions, your costs would be:**

**For contracts issued before August 24, 2015, Expense Examples are provided as follows:**

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **C SERIES - ISSUED BEFORE 8/24/2015**  | **C SERIES - ISSUED BEFORE 8/24/2015**  | **C SERIES - ISSUED BEFORE 8/24/2015**  | **C SERIES - ISSUED BEFORE 8/24/2015**  | **C SERIES - ISSUED BEFORE 8/24/2015**  | **C SERIES - ISSUED BEFORE 8/24/2015**  | **C SERIES - ISSUED BEFORE 8/24/2015**  | **C SERIES - ISSUED BEFORE 8/24/2015**  | **C SERIES - ISSUED BEFORE 8/24/2015**  |
|  | Assuming maximum fees and expenses of any of the portfolios available with the benefit | Assuming maximum fees and expenses of any of the portfolios available with the benefit | Assuming maximum fees and expenses of any of the portfolios available with the benefit | Assuming maximum fees and expenses of any of the portfolios available with the benefit | Assuming minimum fees and expenses of any of the portfolios available with the benefit | Assuming minimum fees and expenses of any of the portfolios available with the benefit | Assuming minimum fees and expenses of any of the portfolios available with the benefit | Assuming minimum fees and expenses of any of the portfolios available with the benefit |
|  | 1 Yr | 3 Yrs | 5 Yrs | 10 Yrs | 1 Yr | 3 Yrs | 5 Yrs | 10 Yrs |
|  If you surrender your Contract at the end of the applicable time period: | $3101 | $9429 | $15934 | $33034 | $1954 | $5965 | $10124 | $21244 |
|  If you annuitize your Contract at the end of the applicable time period: | $3101 | $9429 | $15934 | $33034 | $1954 | $5965 | $10124 | $21244 |
|  If you do not surrender or annuitize your Contract at the end of the applicable time period: | $3101 | $9429 | $15934 | $33034 | $1954 | $5965 | $10124 | $21244 |

---

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **B SERIES - ISSUED BEFORE 8/24/2015**  | **B SERIES - ISSUED BEFORE 8/24/2015**  | **B SERIES - ISSUED BEFORE 8/24/2015**  | **B SERIES - ISSUED BEFORE 8/24/2015**  | **B SERIES - ISSUED BEFORE 8/24/2015**  | **B SERIES - ISSUED BEFORE 8/24/2015**  | **B SERIES - ISSUED BEFORE 8/24/2015**  | **B SERIES - ISSUED BEFORE 8/24/2015**  | **B SERIES - ISSUED BEFORE 8/24/2015**  |
|  | Assuming maximum fees and expenses of any of the portfolios available with the benefit | Assuming maximum fees and expenses of any of the portfolios available with the benefit | Assuming maximum fees and expenses of any of the portfolios available with the benefit | Assuming maximum fees and expenses of any of the portfolios available with the benefit | Assuming minimum fees and expenses of any of the portfolios available with the benefit | Assuming minimum fees and expenses of any of the portfolios available with the benefit | Assuming minimum fees and expenses of any of the portfolios available with the benefit | Assuming minimum fees and expenses of any of the portfolios available with the benefit |
|  | 1 Yr | 3 Yrs | 5 Yrs | 10 Yrs | 1 Yr | 3 Yrs | 5 Yrs | 10 Yrs |
|  If you surrender your Contract at the end of the applicable time period: | $9851 | $14688 | $19715 | $30690 | $8702 | $11204 | $13849 | $18657 |
|  If you annuitize your Contract at the end of the applicable time period: | $2851 | $8688 | $14715 | $30690 | $1702 | $5204 | $8849 | $18657 |
|  If you do not surrender or annuitize your Contract at the end of the applicable time period: | $2851 | $8688 | $14715 | $30690 | $1702 | $5204 | $8849 | $18657 |

---

**For contracts issued on or after August 24, 2015 and applications signed before August 8, 2016, Expense Examples are provided as follows:**

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **C SERIES - ISSUED >= 8/24/2015**  | **C SERIES - ISSUED >= 8/24/2015**  | **C SERIES - ISSUED >= 8/24/2015**  | **C SERIES - ISSUED >= 8/24/2015**  | **C SERIES - ISSUED >= 8/24/2015**  | **C SERIES - ISSUED >= 8/24/2015**  | **C SERIES - ISSUED >= 8/24/2015**  | **C SERIES - ISSUED >= 8/24/2015**  | **C SERIES - ISSUED >= 8/24/2015**  |
|  | Assuming maximum fees and expenses of any of the portfolios available with the benefit | Assuming maximum fees and expenses of any of the portfolios available with the benefit | Assuming maximum fees and expenses of any of the portfolios available with the benefit | Assuming maximum fees and expenses of any of the portfolios available with the benefit | Assuming minimum fees and expenses of any of the portfolios available with the benefit | Assuming minimum fees and expenses of any of the portfolios available with the benefit | Assuming minimum fees and expenses of any of the portfolios available with the benefit | Assuming minimum fees and expenses of any of the portfolios available with the benefit |
|  | 1 Yr | 3 Yrs | 5 Yrs | 10 Yrs | 1 Yr | 3 Yrs | 5 Yrs | 10 Yrs |
|  If you surrender your Contract at the end of the applicable time period: | $3151 | $9577 | $16178 | $33503 | $2004 | $6118 | $10380 | $21764 |
|  If you annuitize your Contract at the end of the applicable time period: | $3151 | $9577 | $16178 | $33503 | $2004 | $6118 | $10380 | $21764 |
|  If you do not surrender or annuitize your Contract at the end of the applicable time period: | $3151 | $9577 | $16178 | $33503 | $2004 | $6118 | $10380 | $21764 |

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| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **B SERIES - ISSUED >= 8/24/2015**  | **B SERIES - ISSUED >= 8/24/2015**  | **B SERIES - ISSUED >= 8/24/2015**  | **B SERIES - ISSUED >= 8/24/2015**  | **B SERIES - ISSUED >= 8/24/2015**  | **B SERIES - ISSUED >= 8/24/2015**  | **B SERIES - ISSUED >= 8/24/2015**  | **B SERIES - ISSUED >= 8/24/2015**  | **B SERIES - ISSUED >= 8/24/2015**  |
|  | Assuming maximum fees and expenses of any of the portfolios available with the benefit | Assuming maximum fees and expenses of any of the portfolios available with the benefit | Assuming maximum fees and expenses of any of the portfolios available with the benefit | Assuming maximum fees and expenses of any of the portfolios available with the benefit | Assuming minimum fees and expenses of any of the portfolios available with the benefit | Assuming minimum fees and expenses of any of the portfolios available with the benefit | Assuming minimum fees and expenses of any of the portfolios available with the benefit | Assuming minimum fees and expenses of any of the portfolios available with the benefit |
|  | 1 Yr | 3 Yrs | 5 Yrs | 10 Yrs | 1 Yr | 3 Yrs | 5 Yrs | 10 Yrs |
|  If you surrender your Contract at the end of the applicable time period: | $9901 | $14837 | $19961 | $31165 | $8752 | $11357 | $14106 | $19185 |
|  If you annuitize your Contract at the end of the applicable time period: | $2901 | $8837 | $14961 | $31165 | $1752 | $5357 | $9106 | $19185 |
|  If you do not surrender or annuitize your Contract at the end of the applicable time period: | $2901 | $8837 | $14961 | $31165 | $1752 | $5357 | $9106 | $19185 |

---

**For Applications signed on or after August 8, 2016, Expense Examples are provided as follows:**

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **C SERIES - ISSUED >= 8/8/2016**  | **C SERIES - ISSUED >= 8/8/2016**  | **C SERIES - ISSUED >= 8/8/2016**  | **C SERIES - ISSUED >= 8/8/2016**  | **C SERIES - ISSUED >= 8/8/2016**  | **C SERIES - ISSUED >= 8/8/2016**  | **C SERIES - ISSUED >= 8/8/2016**  | **C SERIES - ISSUED >= 8/8/2016**  | **C SERIES - ISSUED >= 8/8/2016**  |
|  | Assuming maximum fees and expenses of any of the portfolios available with the benefit | Assuming maximum fees and expenses of any of the portfolios available with the benefit | Assuming maximum fees and expenses of any of the portfolios available with the benefit | Assuming maximum fees and expenses of any of the portfolios available with the benefit | Assuming minimum fees and expenses of any of the portfolios available with the benefit | Assuming minimum fees and expenses of any of the portfolios available with the benefit | Assuming minimum fees and expenses of any of the portfolios available with the benefit | Assuming minimum fees and expenses of any of the portfolios available with the benefit |
|  | 1 Yr | 3 Yrs | 5 Yrs | 10 Yrs | 1 Yr | 3 Yrs | 5 Yrs | 10 Yrs |
|  If you surrender your Contract at the end of the applicable time period: | $3151 | $9577 | $16178 | $33503 | $2004 | $6118 | $10380 | $21764 |
|  If you annuitize your Contract at the end of the applicable time period: | $3151 | $9577 | $16178 | $33503 | $2004 | $6118 | $10380 | $21764 |
|  If you do not surrender or annuitize your Contract at the end of the applicable time period: | $3151 | $9577 | $16178 | $33503 | $2004 | $6118 | $10380 | $21764 |

---

**For Applications signed on or after August 8, 2016, but for contracts issued before July 15, 2019, Expense Examples are provided as follows:**

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **B SERIES - ISSUED >= 8/8/2016**  | **B SERIES - ISSUED >= 8/8/2016**  | **B SERIES - ISSUED >= 8/8/2016**  | **B SERIES - ISSUED >= 8/8/2016**  | **B SERIES - ISSUED >= 8/8/2016**  | **B SERIES - ISSUED >= 8/8/2016**  | **B SERIES - ISSUED >= 8/8/2016**  | **B SERIES - ISSUED >= 8/8/2016**  | **B SERIES - ISSUED >= 8/8/2016**  |
|  | Assuming maximum fees and expenses of any of the portfolios available with the benefit | Assuming maximum fees and expenses of any of the portfolios available with the benefit | Assuming maximum fees and expenses of any of the portfolios available with the benefit | Assuming maximum fees and expenses of any of the portfolios available with the benefit | Assuming minimum fees and expenses of any of the portfolios available with the benefit | Assuming minimum fees and expenses of any of the portfolios available with the benefit | Assuming minimum fees and expenses of any of the portfolios available with the benefit | Assuming minimum fees and expenses of any of the portfolios available with the benefit |
|  | 1 Yr | 3 Yrs | 5 Yrs | 10 Yrs | 1 Yr | 3 Yrs | 5 Yrs | 10 Yrs |
|  If you surrender your Contract at the end of the applicable time period: | $9901 | $14837 | $19961 | $31165 | $8752 | $11357 | $14106 | $19185 |
|  If you annuitize your Contract at the end of the applicable time period: | $2901 | $8837 | $14961 | $31165 | $1752 | $5357 | $9106 | $19185 |
|  If you do not surrender or annuitize your Contract at the end of the applicable time period: | $2901 | $8837 | $14961 | $31165 | $1752 | $5357 | $9106 | $19185 |

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**For contracts issued on or after July 15, 2019, Expense Examples are provided as follows:**

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| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **B SERIES - REPRICE**  | **B SERIES - REPRICE**  | **B SERIES - REPRICE**  | **B SERIES - REPRICE**  | **B SERIES - REPRICE**  | **B SERIES - REPRICE**  | **B SERIES - REPRICE**  | **B SERIES - REPRICE**  | **B SERIES - REPRICE**  |
|  | Assuming maximum fees and expenses of any of the portfolios available with the benefit | Assuming maximum fees and expenses of any of the portfolios available with the benefit | Assuming maximum fees and expenses of any of the portfolios available with the benefit | Assuming maximum fees and expenses of any of the portfolios available with the benefit | Assuming minimum fees and expenses of any of the portfolios available with the benefit | Assuming minimum fees and expenses of any of the portfolios available with the benefit | Assuming minimum fees and expenses of any of the portfolios available with the benefit | Assuming minimum fees and expenses of any of the portfolios available with the benefit |
|  | 1 Yr | 3 Yrs | 5 Yrs | 10 Yrs | 1 Yr | 3 Yrs | 5 Yrs | 10 Yrs |
|  If you surrender your Contract at the end of the applicable time period: | $9751 | $14392 | $19230 | $29757 | $8601 | $10901 | $13342 | $17636 |
|  If you annuitize your Contract at the end of the applicable time period: | $2751 | $8392 | $14230 | $29757 | $1601 | $4901 | $8342 | $17636 |
|  If you do not surrender or annuitize your Contract at the end of the applicable time period: | $2751 | $8392 | $14230 | $29757 | $1601 | $4901 | $8342 | $17636 |

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**PRINCIPAL RISKS OF INVESTING IN THE CONTRACT**

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The risks identified below are the principal risks of investing in the Annuity. The Annuity may be subject to additional risks other than those identified and described in this prospectus.

**Risk of Loss:** You could lose money by investing in the Annuity, including your principal investment. An investment in the Annuity is not a deposit with a bank and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency.

**Risks Associated with Variable Options:** You take all the investment risk for amounts allocated to one or more of the Variable Options, which invest in Portfolios. If the Variable Options you select increase in value, then your Account Value goes up; if they decrease in value, your Account Value goes down. How much your Account Value goes up or down depends on the performance of the Portfolios in which your Variable Options invest. We do not guarantee the investment results of any Portfolio. An investment in the Annuity is subject to the risk of poor investment performance, and the value of your investment can vary depending on the performance of the selected Portfolio(s), each of which has its own unique risks. You should review the Portfolios before making an investment decision. We reserve the right to add, eliminate, substitute or combine Variable Options as Investment Options available under the Annuity or to close Variable Options to subsequent Purchase Payments on existing Annuities or for Annuities purchased on or after specified dates.

**Risks Associated with the DCA Market Value Adjustment Options:** We determine the interest rates credited to the DCA Market Value Adjustment Options in our sole discretion, subject to guaranteed minimums, and we may change the rates for new Guarantee Periods at any time. Any change in interest rates do not affect Guarantee Periods that began before the date of the change. There is a risk that the interest rates for new Guarantee Periods will be lower than the rates that were previously in effect. In addition, if you withdraw or transfer assets from a DCA Market Value Adjustment Option more than 30 days prior to the end of the Guarantee Period, we will apply a Market Value Adjustment, which may increase or decrease your initial amount invested. **You could lose up to 100% of your investment in a DCA Market Value Adjustment Option as a result of a negative Market Value** **Adjustment.** Generally, if yields are higher at the time of Market Value Adjustment application than they were at the beginning of the Guarantee Period, the Market Value Adjustment will be negative.

**Early Withdrawal Risk:** The Annuity is not a short-term investment vehicle and is not an appropriate investment for an investor who needs ready access to cash. The Annuity is designed to provide benefits on a long-term basis. Because of the long-term nature of the Annuity, you should consider whether the Annuity is consistent with your financial situation and objectives. Withdrawals under the Annuity, including partial withdrawals and a full surrender, may be subject to negative Market Value Adjustments and negative tax consequences. If you have elected certain Optional Benefits, a withdrawal may reduce the amount of your Benefit on more than a dollar-for-dollar basis. While the Annuity provides a Death Benefit, the amount of that benefit is subject to investment gains and losses and is reduced for any withdrawals you take.

**Insurance Company Risk:** No company other than Pruco Life has any legal responsibility to pay amounts that Pruco Life owes under the Annuity, including amounts allocated to the fixed allocations, which are supported by our general account and are subject to our claims-paying ability. Assets in the general account are not segregated for the exclusive benefit of any particular contract or obligation. General account assets are also available to our general creditors and for conducting routine business activities, such as the payment of salaries, rent and other ordinary business expenses. You should look to the financial strength of Pruco Life for its claims-paying ability. Pruco Life is also subject to risks related to disasters and other events, such as storms, earthquakes, fires, outbreaks of infectious diseases (such as COVID-19), utility failures, terrorist acts, political and social developments, and military and governmental actions. These risks are often collectively referred to as "business continuity" risks. These events could adversely affect Pruco Life and our ability to conduct business and process transactions. Although Pruco Life has business continuity plans, it is possible that the plans may not operate as intended or required and that Pruco Life may not be able to provide required services, process transactions, deliver documents or calculate values. It is also possible that service levels may decline as a result of such events.

**Possible Adverse Tax Consequences:** The tax considerations associated with the Annuity vary and can be complicated. The tax considerations discussed in this prospectus are general in nature and describe only federal income tax law (not state, local, foreign or other federal tax laws). Before making a Purchase Payment or taking other action related to your Annuity, you should consult with a qualified tax advisor for complete information and advice. For example, distributions from your Annuity are generally subject to ordinary income taxation on the amount of any investment gain unless the distribution qualifies as a non-taxable exchange or transfer. In addition, if you take a distribution prior to the taxpayer's age 59½, you may be subject to a 10% additional tax in addition to ordinary income taxes on any gain.

**Possible Fees on Access to Account Value:** We may apply fees if you access your Account Value during the Accumulation Period or surrender your Annuity. For example, in addition to possible tax consequences discussed above, you may incur fees for accessing your Account Value such as a Contingent Deferred Sales Charge, Annual Maintenance Fee, Tax Charge, and/or a charge for any optional benefit. In addition, we may assess a Market Value Adjustment for withdrawals from a fixed allocation.

**Annuity Changes Risk:** We reserve the right to limit the number of transfers you may make or to impose a minimum transfer amount. We also reserve the right to add, eliminate, substitute or combine Variable Options as Investment Options available under the Annuity or to close Variable Options to subsequent Purchase Payments on existing Annuities or for Annuities purchased on or after specified dates. We may limit, suspend or reject any additional Purchase Payment at any time on a non-discriminatory basis. If we do so, you may no longer be able to increase the amount of the death benefit under an optional death benefit through subsequent Purchase Payments. This would also impact your ability to make annual contributions to certain qualified Annuities. In addition, we may impose limitations on an investment professional's or investment advisor's ability to request financial transactions on your behalf.

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**Cyber Security and Business Continuity Risks:** With the increasing use of technology and computer systems in general and, in particular, the Internet to conduct necessary business functions, the Company is susceptible to operational, information security and related risks. These risks, which are often collectively referred to as "cyber security" risks, may include deliberate or malicious attacks, as well as unintentional events and occurrences. These risks are heightened by our offering of increasingly complex products, such as those that feature automatic asset transfer or reallocation strategies, and by our employment of complex investment, trading and hedging programs. Cyber security is generally defined as the technology, operations and related protocol surrounding and protecting a user's computer hardware, network, systems and applications and the data transmitted and stored therewith. These measures ensure the reliability of a user's systems, as well as the security, availability, integrity, and confidentiality of data assets.

Deliberate cyber attacks can include, but are not limited to, gaining unauthorized access (including physical break-ins) to computer systems in order to misappropriate and/or disclose sensitive or confidential information; deleting, corrupting or modifying data; and causing operational disruptions. Cyber attacks may also be carried out in a manner that does not require gaining unauthorized access, such as causing denial-of-service attacks on websites (in order to prevent access to computer networks). In addition to deliberate breaches engineered by external actors, cyber security risks can also result from the conduct of malicious, exploited or careless insiders, whose actions may result in the destruction, release or disclosure of confidential or proprietary information stored on an organization's systems.

The Company is also subject to risks related to disasters and other events, such as storms, earthquakes, fires, outbreaks of infectious diseases (such as COVID-19), utility failures, terrorist acts, political and social developments, and military and governmental actions. These risks are often collectively referred to as "business continuity" risks. These events could adversely affect the Company and our ability to conduct business and process transactions. Although the Company has business continuity plans, it is possible that the plans may not operate as intended or required and that the Company may not be able to provide required services, process transactions, deliver documents or calculate values. It is also possible that service levels may decline as a result of such events.

Cyber security events, disasters and similar events, whether deliberate or unintentional, that could impact the Company and Contract owners could arise not only in connection with our own administration of the Annuity, but also with entities operating the Annuity's Portfolios and with third-party service providers. Cyber security and other events affecting any of the entities involved with the offering and administration of the Annuity may cause significant disruptions in the business operations related to the Annuity. Potential impacts may include, but are not limited to, potential financial losses under the Annuity, your inability to conduct transactions under the Annuity and/or with respect to a Portfolio, an inability to calculate unit values with respect to the Annuity and/or the net asset value ("NAV") with respect to a Portfolio, and disclosures of your personal or confidential account information.

In addition to direct impacts to you, cyber security and other events described above may result in adverse impacts to the Company, including regulatory inquiries, regulatory proceedings, regulatory and/or legal and litigation costs, and reputational damage. Costs incurred by the Company may include reimbursement and other expenses, including the costs of litigation and litigation settlements and additional compliance costs. Considerable expenses also may be incurred by the Company in enhancing and upgrading computer systems and systems security following a cyber security failure or responding to a disaster or similar event. The rapid proliferation of technologies, as well as the increased sophistication and activities of organized crime, hackers, terrorists, and others continue to pose new and significant cyber security threats. In addition, the global spread of COVID-19 has caused the Company and its service providers to implement business continuity plans, including widespread use of work-from-home arrangements. Although the Company, our service providers, and the Portfolios offered under the Annuity may have established business continuity plans and risk management systems to mitigate risks, there can be no guarantee or assurance that such plans or systems will be effective, or that all risks that exist, or may develop in the future, have been completely anticipated and identified or can be protected against. Furthermore, the Company cannot control or assure the efficacy of the cyber security and business continuity plans and systems implemented by third-party service providers, the Portfolios, and the issuers in which the Portfolios invest.

The military invasion of Ukraine initiated by Russia in February 2022 and the resulting response by the United States and other countries have led to economic disruptions, as well as increased volatility and uncertainty in the financial markets. It is not possible to predict the ultimate duration and scope of the conflict, or the future impact on U.S. and global economies and financial markets.

**Artificial Intelligence Risk:** In addition to the cyber security risks described above, the development, adoption and use of AI, including generative artificial intelligence ("Generative AI"), by us and by third parties on whom we rely may increase existing operational risks or create new operational risks that we are not currently anticipating. AI technologies offer potential benefits in areas such as customer service personalization and process automation, and we expect to use AI and Generative AI to help deliver products and services and support critical functions. We also expect third parties on whom we rely to do the same. There are significant risks involved in developing and deploying AI, and there can be no assurance that its use will enhance our products or services or be beneficial to our business, including our efficiency or profitability. The risk that AI and Generative AI may be misused is increased by the relative newness of the technology, the speed at which it is being adopted, and the lack of laws, regulations or standards governing its use. Such misuse could expose the Company to legal or regulatory risk, damage customer relationships or cause reputational harm. Further, our ability to continue to develop and efficiently deploy AI technologies depends on access to specific third-party equipment and other physical infrastructure, such as processing hardware and network capacity, the availability and pricing of which is difficult to control, especially in a highly competitive environment. Our competitors may also adopt AI or Generative AI more quickly or more effectively than we do, which could cause competitive harm. Because the Generative AI technology is so new, some of the potential risks of Generative AI are currently unknowable.

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**DESCRIPTION OF INSURANCE COMPANY, REGISTERED SEPARATE ACCOUNT, AND INVESTMENT** **OPTIONS**

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**WHO IS PRUCO LIFE?**

The Contract is issued by Pruco Life Insurance Company located at 751 Broad Street, Newark, NJ 07102-3777. Pruco Life is obligated to pay all amounts promised to investors under the Contract, subject to its financial strength and claims-paying ability.

Pruco Life is a stock life insurance company organized in 1971 under the laws of the State of Arizona. It is licensed to sell life insurance and annuities in the District of Columbia, Guam and in all states except New York. Pruco Life is a wholly-owned subsidiary of The Prudential Insurance Company of America ("Prudential"), a New Jersey stock life insurance company that has been doing business since 1875. Prudential is a direct wholly-owned subsidiary of Prudential Financial, Inc. ("Prudential Financial"), a New Jersey insurance holding company. No company other than Pruco Life has any legal responsibility to pay amounts that Pruco Life owes under its annuity contracts. Among other things, this means that where you participate in an optional living benefit or death benefit and the value of that benefit exceeds your current Account Value, you would rely solely on the ability of Pruco Life to make payments under the benefit out of its own assets. As Pruco Life's ultimate parent, Prudential Financial, however, exercises significant influence over the operations and capital structure of Pruco Life.

Pursuant to the delivery obligations under Section 5 of the Securities Act of 1933 and Rule 159 thereunder, we deliver this prospectus to current contract owners that reside outside of the United States. In addition, we may not market or offer benefits, features or enhancements to prospective or current contract owners while outside of the United States.

**Rule 12h-7**

With respect to the offering of Index Strategies, the Company relies on the exemption provided by Rule 12h-7 under the Securities Exchange Act of 1934 from the requirement to file reports pursuant to Section 15(d) of that Act.

**Claims of Creditors**

To the extent permitted by law, no payment or value under this Annuity is subject to the claims of your creditors or those of any other Owner, any Annuitant, or any Beneficiary.

**Deferral of Transactions**

We may defer any annuity payment for a period not to exceed the lesser of 6 months or the period permitted by law. If we defer a distribution or transfer from any annuity payout for more than thirty days, we will pay interest as required by state law. We may defer any distribution from any Allocation Option or any transfer from Allocation Options for a period not to exceed seven calendar days from the date the transaction is affected.

**WHAT ARE THE SEPARATE ACCOUNTS?**

The Separate Accounts are where Pruco Life sets aside and invests the assets supporting the Annuity. The assets of each Separate Account are held in the name of Pruco Life, and legally belong to us. We will maintain assets in each Separate Account with a total market value at least equal to the cash Surrender Value and other liabilities we must maintain related to the Annuity obligations supported by such assets. The obligations under the Annuity are those of Pruco Life, which is the issuer of the Annuity and the depositor of the Separate Accounts. More detailed information about Pruco Life, including its audited financial statements, is provided in the Statement of Additional Information.

**Pruco Life Insurance Company Flexible Premium Variable Annuity Account**

The assets supporting obligations based on allocations to the Variable Options are held in sub-accounts of Pruco Life Insurance Company Flexible Premium Variable Annuity Account, also referred to as "Pruco Life Variable Annuity Account". Pruco Life Variable Annuity Account assets that are held in support of the Variable Option are kept separate from all our other assets and may not be chargeable with liabilities arising out of any other business we may conduct. Thus, income, gains and losses from assets allocated to Pruco Life Variable Annuity Account are credited to or charged against Pruco Life Variable Annuity Account, without regard to other income, gains or losses of Pruco Life or any other of our Separate Accounts.

Pruco Life Variable Annuity Account was established by us pursuant to Arizona law on June 16, 1995. Pruco Life Variable Annuity Account also holds assets of other annuities issued by us with values and benefits that vary according to the investment performance of Pruco Life Variable Annuity Account.

Pruco Life Variable Annuity Account consists of multiple Variable Options. Each Variable Option invests only in a single mutual fund or mutual fund portfolio. The name of each Variable Option generally corresponds to the name of the Portfolio. Each Variable Option in Pruco Life Variable Annuity Account may have several different Unit Prices to reflect the Insurance Charge, Distribution Charge (when applicable) and the charges for any optional benefits that are offered under the Annuity issued by us through Pruco Life Variable Annuity Account. Pruco Life Variable Annuity Account is registered with the SEC under the Investment Company Act of 1940 ("Investment Company Act") as a unit investment trust, which is a type of investment company.

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The SEC does not supervise investment policies, management or practices of Pruco Life Variable Annuity Account. We may offer new Variable Options, eliminate Variable Options, or combine Variable Options at our sole discretion. We may also close Variable Options to subsequent Purchase Payments on existing annuities or close Variable Options for annuities purchased on or after specified dates.

In addition to rights that we specifically reserve elsewhere in this prospectus, we reserve the right to perform any or all of the following:

● offer new Variable Options, eliminate Variable Options, substitute Variable Options or combine Variable Options;

● close Variable Options to subsequent Purchase Payments on existing Annuities or close Variable Options for Annuities purchased on or after specified dates;

● combine the Separate Account with separate accounts;

● deregister the Separate Account under the Investment Company Act of 1940;

● manage the Separate Account as a management investment company under the Investment Company Act of 1940 or in any other form permitted by law;

● make changes required by any change in the federal securities laws, including, but not limited to, the Securities Act of 1933, the Securities Exchange Act of 1934, the Investment Company Act of 1940, or any other changes to the Securities and Exchange Commission's interpretation thereof;

● establish a provision in the Annuity for federal income taxes if we determine, in our sole discretion, that we will incur a tax as the result of the operation of the Separate Account;

● make any changes required by federal or state laws with respect to annuity contracts; and

● to the extent dictated by any underlying Portfolio, impose a redemption fee or restrict transfers within any Variable Option

We will first notify you and receive any necessary SEC and/or state approval before making such a change. If an underlying mutual fund is liquidated, we will ask you to reallocate any amount in the liquidated fund. If you do not reallocate these amounts, we will reallocate such amounts only in accordance with SEC pronouncements and only after obtaining an order from the SEC, if required. If investment in the Portfolios or a particular Portfolio is no longer possible, or in our discretion becomes inappropriate for purposes of the Annuity, or for any other rationale in our sole judgment, we may substitute another portfolio or investment Portfolios without your consent. The substituted portfolio may have different fees and expenses. Substitution may be made with respect to existing investments or the investment of future Purchase Payments, or both. However, we will not make such substitution without any required approval of the SEC and any applicable state insurance departments. In addition, we may close Portfolios to allocation of Purchase Payments or Account Value, or both, at any time in our sole discretion. We do not control the underlying mutual funds, so we cannot guarantee that any of those funds will always be available.

***Values and benefits based on allocations to the Variable Options will vary with the investment performance of the underlying mutual funds or*** ***fund Portfolios, as applicable. We do not guarantee the investment results of any Variable Option. Your Account Value allocated to the Variable*** ***Options may increase or decrease. You bear the entire investment risk. There is no assurance that the Account Value of your Annuity will*** ***equal or be greater than the total of the Purchase Payments you make to us.***

**The General Account:** Our general obligations and any guaranteed benefits under the Annuity are supported by our General Account and are subject to our claims paying ability. Assets in the General Account are not segregated for the exclusive benefit of any particular contract or obligation. General Account assets are also available to our general creditors and for conducting routine business activities, such as the payment of salaries, rent and other ordinary business expenses. The General Account is subject to regulation and supervision by the Arizona Department of Insurance and to the insurance laws and regulations of all jurisdictions where we are authorized to do business.

**INVESTMENT OPTIONS**

**Market Value Adjustment (MVA) Options**

We offer DCA Market Value Adjustment Options that are used with our 6 or 12-Month DCA program. When you allocate your Account Value to a DCA Market Value Adjustment Option, you earn a declared rate of interest as long as you remain invested for a set period of time called a Guarantee Period. Amounts in the DCA Market Value Adjustment Options are supported by our general account and subject to our claims paying ability. See ["Additional Information"](#ref_chapter_17-sect1_1_954) for additional information about our general account. **Please refer to** [**<u>Appendix A</u>**](#ref_chapter_18-sect1_1_954) **for certain information regarding each DCA Market** **Value Adjustment Option, including (i) its name, (ii) its Guarantee Period, (iii) its minimum guaranteed interest rate.)**

Under the DCA Market Value Adjustment Options, you earn interest over a 6 month or 12-month period, depending on the DCA Market Value Adjustment Option you select, while your Account Value in that option is systematically transferred monthly over the 6 or 12- month period to the Variable Options you have designated. A Guarantee Period begins when all or part of a Purchase Payment is allocated to a particular Guarantee Period. The DCA Market Value Adjustment Options may not be available through all firms.

We credit interest to amounts held within the DCA Market Value Adjustment Options at the applicable declared rates in effect when the Guarantee Period begins. We credit such interest daily until the earliest of the following: (a) the date the entire amount in the DCA Market Value Adjustment Option has been transferred out; (b) the date the entire amount in the DCA Market Value Adjustment Option is withdrawn; (c) the date as of which any Death Benefit payable is determined, unless the Annuity is continued by a spouse Beneficiary (in which case we continue to credit interest under the program); or (d) the Annuity Date. Please note that the interest we credit is applied against a balance that declines as amounts are systematically transferred from the DCA Market Value Adjustment Option to the Variable Options. As a result, the dollar amount of interest you receive will decrease as transfers are made

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periodically to the Variable Options, you do not earn interest on the full amount you allocated initially to the DCA Market Value Adjustment Options for the 6-month or 12-month period, and the effective interest rate earned will therefore be less than the declared interest rate. The rates are an effective annual rate of interest.

The interest rate declared for a DCA Market Value Adjustment Option will be no less than the minimum guaranteed interest rate. The minimum guaranteed interest rate that applies to you may vary depending on the state in which your Annuity was issued, but it will be shown on your Annuity specifications page and will never be less than (a) 2.40% (for 6 month DCA Market Value Adjustment Options) and 2.40% (for 12 month DCA Market Value Adjustment Options), or (b) the minimum rate required under state law or regulation; whichever is greater. We may, from time to time, declare new interest rates for new Purchase Payments that are higher than the minimum guaranteed interest rate. Any change in interest rates does not affect DCA Market Value Adjustment Options that were in effect before the date of the change. At the time that we confirm the allocation of your Purchase Payment to a DCA Market Value Adjustment Option, we will advise you of the interest rate in effect. To inquire as to the current rates, please contact our Annuity Service Center at 1-888-PRU-2888 or at [www.prudential.com/annuities](DUMMY_954_80_211).

If you withdraw or transfer assets from a DCA Market Value Adjustment Option more than 30 days prior to the end of the Guarantee Period, we will apply a Market Value Adjustment, which may be positive or negative. You could lose a significant amount of money due to a negative Market Value Adjustment. The following transactions, when they occur more than 30 days prior to the end of the Guarantee Period, are subject to a Market Value Adjustment: (i) partial withdrawals (including systematic withdrawals and Required Minimum Distributions), (ii) surrenders, (iii) exercise of the right to cancel, and (iv) transfers (other than scheduled DCA transfers).

For more information about Market Value Adjustments, see ["Charges and Adjustments"](#ref_chapter_8-sect1_1_954).

A dollar cost averaging program does not assure a profit or protect against a loss. For a complete description of our 6 or 12- Month DCA Program, see the applicable section of this prospectus within ["General Description of Contracts"](#ref_chapter_9-sect1_1_954).

**Variable Options**

Each Variable Option invests exclusively in a single Portfolio. The Account Value allocated to a Variable Option will vary based on the investment experience of the corresponding Portfolio in which it invests. There is a risk of loss of the entire amount invested. **Please refer to** [**<u>Appendix A</u>**](#ref_chapter_18-sect1_1_954) **for** **certain information regarding each Portfolio, including (i) its name, (ii) its type (e.g., money market fund, bond fund, balanced fund, etc.), (iii)** **its investment advisor and any sub-advisor, (iv) current expenses, and (v) performance.** There is no guarantee that any underlying Portfolio will meet its investment objective. Each Portfolio has issued a prospectus that contains more detailed information about the Portfolio. The prospectuses for the Portfolios can be found online at <u>www.prudential.com/regdocs/PLAZ-PPI-STAT</u>. You can also request this information at no cost by calling 1-888- PRU-2888.

Each underlying Portfolio is registered as an open-end management investment company under the Investment Company Act. Shares of the underlying Portfolios are sold to Separate Accounts of life insurance companies offering variable annuity and variable life insurance products. The shares may also be sold directly to qualified pension and retirement plans.

**Voting Rights**

We are the legal owner of the shares of the underlying Portfolios in which the Variable Options invest. However, under current SEC rules, you have voting rights in relation to Account Value allocated to the Variable Options. If an underlying Portfolio requests a vote of shareholders, we will vote our shares based on instructions received from Owners with Account Value allocated to that Variable Option. Owners have the right to vote an amount equal to the number of shares attributable to their Annuity. If we do not receive voting instructions in relation to certain shares, we will vote those shares in the same manner and proportion as the shares for which we have received instructions. This voting procedure is sometimes referred to as "mirror voting" because, as indicated in the immediately preceding sentence, we mirror the votes that are actually cast, rather than decide on our own how to vote. We will also "mirror vote" shares that are owned directly by us or an affiliate (excluding shares held in the Separate Account of an affiliated insurer). In addition, because all the shares of a given Portfolio held within the Separate Account are legally owned by us, we intend to vote all of such shares when that underlying Portfolio seeks a vote of its shareholders. As such, all such shares will be counted towards whether there is a quorum at the underlying Portfolio's shareholder meeting and toward the ultimate outcome of the vote. Thus, under "mirror voting," it is possible that the votes of a small percentage of Owners who actually vote will determine the ultimate outcome.

We may, if required by state insurance regulations, disregard voting instructions if they would require shares to be voted so as to cause a change in the sub-classification or investment objectives of one or more of the available Variable Options or to approve or disapprove an investment advisory contract for a Portfolio. In addition, we may disregard voting instructions that would require changes in the investment policy or investment advisor of one or more of the Portfolios associated with the available Variable Options, provided that we reasonably disapprove such changes in accordance with applicable federal or state regulations. If we disregard Owner voting instructions, we will advise Owners of our action and the reasons for such action in the next available annual or semi-annual report.

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We will furnish those Owners who have Account Value allocated to a Variable Option whose underlying Portfolio has requested a "proxy" vote with proxy materials and the necessary forms to provide us with their voting instructions. Generally, you will be asked to provide instructions for us to vote on matters such as changes in a fundamental investment strategy, adoption of a new investment advisory agreement, or matters relating to the structure of the underlying Portfolio that require a vote of shareholders. We reserve the right to change the voting procedures described above if applicable SEC rules change.

**Similar Funds**

The Portfolios are not publicly traded mutual funds. They are only available as investment options in variable annuity contracts and variable life insurance policies issued by insurance companies, or in some cases, to participants in certain qualified retirement plans. However, some of the Portfolios available as Variable Options under the variable annuity contracts and variable life insurance policies are managed by the same advisor or subadvisor as a retail mutual fund of the same or similar name that the Portfolio may have been modeled after at its inception. Certain retail mutual funds may also have been modeled after a Portfolio. While the investment objective and policies of the retail mutual funds and the Portfolios may be substantially similar, the actual investments will differ to varying degrees. Differences in the performance of the funds can be expected, and in some cases could be substantial. You should not compare the performance of a publicly traded mutual fund with the performance of any similarly named Portfolio offered as a Variable Option.

**Material Conflicts**

In the future, it may become disadvantageous for Separate Accounts of variable life insurance and variable annuity contracts to invest in the same underlying Portfolios. Neither the companies that invest in the Portfolios nor the Portfolios currently foresee any such disadvantage. The Board of Directors for each Portfolio intends to monitor events in order to identify any material conflict between variable life insurance policy owners and variable annuity contract owners and to determine what action, if any, should be taken. Material conflicts could result from such things as:

<sup>1.</sup> changes in state insurance law;

<sup>2.</sup> changes in federal income tax law;

<sup>3.</sup> changes in the investment management of any Variable Option; or

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| <sup>4.</sup> | differences between voting instructions given by variable life insurance policy owners and variable annuity contract owners. |

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**Fees and Payments Received by Us**

As detailed below, we and our affiliates receive substantial payments from the underlying Portfolios and/or related entities, such as the Portfolios' advisors and subadvisors. Because these fees and payments are made to us and our affiliates, allocations you make to the underlying Portfolios benefit us financially. In selecting Portfolios available under the Annuity, we consider the payments that will be made to us.

We may receive Rule 12b-1 fees which compensate us and our affiliate, Prudential Annuities Distributors, Inc., for distribution and administrative services. These fees are paid by the underlying Portfolio out of each Portfolio's assets and are therefore borne by Owners.

We may also receive administrative services payments from the Portfolios or the advisors of the underlying Portfolios or their affiliates, which are referred to as "revenue sharing" payments. The maximum combined 12b-1 fees and revenue sharing payments we receive with respect to a Portfolio are generally equal to an annual rate of 0.55% of the average assets allocated to the Portfolio under the Annuity (in certain cases, however, this amount may be equal to an annual rate of 0.60% of the average assets allocated to the Portfolio). We expect to make a profit on these fees and payments and consider them when selecting the Portfolios available under the Annuity.

In addition, an advisor or subadvisor of a Portfolio or a distributor of the Annuity (not the Portfolios) may also compensate us by providing reimbursement, defraying the costs of, or paying directly for, among other things, marketing and/or administrative services and/or other services they provide in connection with the Annuity. These services may include, but are not limited to: sponsoring or co-sponsoring various promotional, educational or marketing meetings and seminars attended by distributors, wholesalers, and/or broker dealer firms' registered representatives, and creating marketing material discussing the Annuity, available options, and underlying Portfolios. The amounts paid depend on the nature of the meetings, the number of meetings attended by the advisor, subadvisor, or distributor, the number of participants and attendees at the meetings, the costs expected to be incurred, and the level of the advisor's, subadvisor's or distributor's participation. These payments or reimbursements may not be offered by all advisors, subadvisors, or distributors and the amounts of such payments may vary between and among each advisor, subadvisor, and distributor depending on their respective participation. We may also consider these payments and reimbursements when selecting the Portfolios available under the Annuity. For the annual period ended December 31, 2025, with regard to the total annual amounts that were paid (or as to which a payment amount was accrued) under the kinds of arrangements described in this paragraph, the amounts for any particular advisor, subadvisor or distributor ranged from $125.19 to $275,000. These amounts relate to all individual variable annuity contracts issued by Pruco Life or its affiliates, not only the Annuity covered by this prospectus.

In addition to the payments that we receive from underlying Portfolios and/or their affiliates, those same Portfolios and/or their affiliates may make payments to us and/or other insurers within the Prudential Financial group related to the offering of investment options within variable annuities or life insurance offered by different Prudential business units.

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**CHARGES AND ADJUSTMENTS**

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The charges under each Annuity are designed to cover, in the aggregate, our direct and indirect costs of selling, administering and providing benefits under each Annuity. They are also designed, in the aggregate, to compensate us for the risks of loss we assume. If, as we expect, the charges that we collect from the Annuity exceed our total costs in connection with the Annuity, we will earn a profit. Otherwise we will incur a loss. For example, Pruco Life may make a profit on the Total Insurance Charge (as described in the "[Total Insurance Charge](#ref_chapter_8-sect1_1_954)" subsection of this section) if, over time, the actual costs of providing the guaranteed insurance obligations and other expenses under the Annuity are less than the amount we deduct for the Total Insurance Charge. To the extent we make a profit on the Total Insurance Charge, such profit may be used for any other corporate purpose.

The rates of certain of our charges have been set with reference to estimates of the amount of specific types of expenses or risks that we will incur. In general, a given charge under the Annuity compensates us for our costs and risks related to that charge and may provide for a profit. However, it is possible that with respect to a particular obligation we have under this Annuity, we may be compensated not only by the charge specifically tied to that obligation, but also from one or more other charges we impose.

With regard to charges that are assessed as a percentage of the value of the Variable Options, please note that such charges are assessed through a reduction to the Unit Value of your investment in each Variable Option, and in that way reduce your Account Value. A "Unit" refers to a share of participation in a Variable Option used to calculate your Unadjusted Account Value prior to the Annuity Date.

**Contingent Deferred Sales Charge ("CDSC") (FOR B SERIES ONLY):** A CDSC reimburses us for expenses related to sales and distribution of the Annuity, including commissions, marketing materials and other promotional expenses. We may deduct a CDSC if you surrender your Annuity or when you make a partial withdrawal. The CDSC is calculated as a percentage of your Purchase Payment being surrendered or withdrawn. The CDSC percentage varies with the number of years that have elapsed since each Purchase Payment being withdrawn was made. If a withdrawal is taken on the day before the anniversary of the date that the Purchase Payment being withdrawn was made, then the CDSC percentage as of the next following year will apply. The CDSC percentages for the B Series are shown under "[Fee Table](#ref_chapter_5-sect1_1_954)" section in this prospectus.

With respect to a partial withdrawal, we calculate the CDSC by assuming that any available Free Withdrawal Amount is taken out first (see "[Free Withdrawal Amounts](#ref_chapter_13-sect1_4_954)"). If the Free Withdrawal Amount is not sufficient, we then assume that any remaining amount of a partial withdrawal is taken from Purchase Payments on a first-in, first-out basis, and subsequently from any other Account Value in the Annuity (such as gains), as described in the examples below.

**EXAMPLES**

These examples are designed to show you how the CDSC is calculated. They do not take into account any other fees and charges. The examples illustrate how the CDSC would apply to reduce your Account Value based on the timing and amount of your withdrawals. They also illustrate how a certain amount of your withdrawal, the "Free Withdrawal" amount, is not subject to the CDSC. The Free Withdrawal Amount is equal to 10% of all Purchase Payments currently subject to a CDSC in each year and is described in more detail in "[Surrenders and Withdrawals](#ref_chapter_13-sect1_1_954)".

Assume you purchase your B Series Annuity with a $75,000 initial Purchase Payment and you make no subsequent Purchase Payments for the life of your Annuity.

**<u>Example 1</u>**

Assume the following:

● four years after the purchase, your Unadjusted Account Value is $85,000 (your Purchase Payment of $75,000 plus $10,000 of investment gain);

● the Free Withdrawal Amount is $7,500 (10% of $75,000);

● the CDSC is 5%.

If you request a withdrawal of $50,000, $7,500 is not subject to the CDSC because it is the Free Withdrawal Amount. The remaining amount of your withdrawal is subject to the 5% CDSC. The CDSC in this example is 5% of $42,500, or $2,125.

Gross Withdrawal or Net Withdrawal. Generally, you can request either a gross withdrawal or a net withdrawal. In a gross withdrawal scenario, you request a specific withdrawal amount with the understanding that the amount you actually receive is reduced by any applicable CDSC as well as any applicable tax withholding. In a net withdrawal scenario, you request a withdrawal for the exact dollar amount you want to receive after the deduction for any applicable CDSC as well as any applicable tax withholding. **This means that an amount greater than the amount of your requested net** **withdrawal will be deducted from your Unadjusted Account Value if there is any CDSC and/or tax withholding.** To make sure that you receive the net withdrawal amount, we first calculate the corresponding gross withdrawal amount, including the applicable CDSC and/or tax withholding. We then reduce the gross withdrawal by the Free Withdrawal amount before applying the applicable CDSC and/or tax withholding to the remaining amount. **As a** **result, in this example, the total withdrawal amount will be greater for a net withdrawal as compared to a gross withdrawal for the same dollar** **amount requested.**

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

● If you request a gross withdrawal of $50,000, and without any consideration to tax withholding, the amount of the CDSC will reduce the amount of the withdrawal you receive. In this example, the CDSC would equal $2,125 (($50,000 – the Free Withdrawal Amount of $7,500 = $42,500) × 0.05 = $2,125). You would receive $47,875 ($50,000 – $2,125). To determine your remaining Unadjusted Account Value after your withdrawal, we reduce your initial Unadjusted Account Value by the amount of your requested withdrawal. In this example, your Unadjusted Account Value would be $35,000 ($85,000 – $50,000).

● If you request a net withdrawal of $50,000, and without any consideration to tax withholding, we first determine the gross withdrawal amount that will need to be withdrawn in order to provide the requested payment amount. We do this by first subtracting the Free Withdrawal Amount from the net withdrawal amount and dividing the resulting amount by the result of 1 minus the surrender charge. Here is the calculation: $42,500/(1 – 0.05) = $44,736.84. This is the total amount to which the CDSC will apply. The amount of the CDSC is $2,236.84. Therefore, in order to for you to receive the full $50,000 amount as a net withdrawal, we will deduct a gross withdrawal amount of $52,236.84 from your Unadjusted Account Value, resulting in a remaining Unadjusted Account Value of $32,763.16.

**<u>Example 2</u>**

Assume the following:

● during a contract year subsequent the gross withdrawal described above, the Unadjusted Account Value is $48,500 ($35,000 of remaining Unadjusted Account Value plus $13,500 of investment gain);

● the Free Withdrawal Amount is still $7,500 because no subsequent Purchase Payments have been made and the Purchase Payment is still subject to a CDSC; and

● the CDSC is now 3%.

If you take a second gross withdrawal of $10,000, $7,500 is not subject to the CDSC because it is the Free Withdrawal Amount. The remaining $2,500 is subject to the 3% CDSC or $75 and you will receive $9,925.

On the day that we process your request for a withdrawal, we calculate a CDSC based on any Purchase Payments not previously withdrawn. If your Account Value has declined in value, or if you had made prior withdrawals that reduced your Account Value, the dollar amount of your requested withdrawal may represent, as a percentage of the Purchase Payments being withdrawn, a dollar amount that is greater than your Account Value. As CDSC is calculated as a percentage of Purchase Payments being withdrawn, withdrawals in certain scenarios will result in a higher dollar charge than if CDSC was calculated as a percentage of your Account Value.

We may waive any applicable CDSC under certain circumstances described below in "Exceptions/Reductions to Fees and Charges."

**Transfer Fee:** Currently, you may make 20 free transfers between Investment Options each Annuity Year. We may charge $10 for each transfer after the 20<sup>th</sup> in each Annuity Year. We do not consider transfers made as part of a Dollar Cost Averaging or Automatic Rebalancing program when we count the 20 free transfers. All transfers made on the same day will be treated as one transfer. Transfers made through any electronic method or program we specify are not counted toward the 20 free transfers. The transfer fee is deducted based on the proportion of Account Value in each Variable Option immediately subsequent to the transfer.

**Annual Maintenance Fee:** Prior to Annuitization, we deduct a fee on an annual basis to compensate us for administrative and operational costs in connection with the Annuity, such as maintaining our internal systems that support the Annuity (the "Annual Maintenance Fee"). The Annual Maintenance Fee is equal to $50 or 2% of your Unadjusted Account Value, whichever is less. This fee will be deducted annually on the anniversary of the Issue Date of your Annuity or, if you surrender your Annuity during the Annuity Year, the fee is deducted at the time of surrender unless the surrender is taken within 30 days of the most recently assessed Annual Maintenance Fee. The fee is taken out first from the Variable Options on a proportional basis and then from the DCA Market Value Adjustment Options (if the amount in the Variable Options is insufficient to pay the fee). The Annual Maintenance Fee is only deducted if the sum of the Purchase Payments at the time the fee is deducted is less than $100,000. We do not impose the Annual Maintenance Fee upon Annuitization (unless Annuitization occurs on an Annuity anniversary), or the payment of a Death Benefit.

**Tax Charge:** Some states, municipalities, and other jurisdictions charge premium taxes or similar taxes on annuities that we are required to pay. The amount of tax will vary from jurisdiction to jurisdiction and is subject to change. We currently deduct the Tax Charge from the Account Value upon Annuitization. The Tax Charge is designed to approximate the taxes that we are required to pay and is assessed as a percentage of the Account Value. The Tax Charge currently ranges up to 3.5%. We reserve the right to deduct the Tax Charge from Purchase Payments when received or from Surrender Value upon surrender. Your Surrender Value is equal to the Account Value (which includes the effect of any Market Value Adjustment) less any applicable CDSC, any applicable tax charges, any applicable optional death benefit charge (if a full surrender occurs on a Quarterly Annuity Anniversary) and any Annual Maintenance Fee. We may also assess a charge equal to any Company Taxes or other taxes which may be imposed against the Separate Accounts.

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In calculating our corporate income tax liability, we may derive certain corporate income tax benefits associated with the investment of company assets, including Separate Account assets, which are treated as company assets under applicable income tax law. These benefits reduce our overall corporate income tax liability. Under current law, such benefits include foreign tax credits and corporate dividend received deductions. We do not pass these tax benefits through to holders of the Separate Account annuity contracts because (i) the contract Owners are not the Owners of the assets generating these benefits under applicable income tax law and (ii) we do not currently include company income taxes in the Tax Charges you pay under the Annuity. We reserve the right to change these tax practices.

**Total Insurance Charge:** The Total Insurance Charge is comprised of two component charges – the Account Value Based Insurance Charge and the Premium Based Insurance Charge as described below.

● **Account Value Based Insurance Charge –** is charged daily based on the annualized rate shown in the " [Fee Table](#ref_chapter_5-sect1_1_954) " section in this prospectus." The charge is assessed daily as a percentage of the net assets of the Variable Options.

● **Premium Based Insurance Charge –** is calculated and charged on each Quarterly Annuity Anniversary and is determined by multiplying the "Charge Basis" (described below) as of the Valuation Day immediately prior to the Quarterly Annuity Anniversary on which the charge is processed by the Premium Based Insurance Charge rate shown in the " [Fee Table](#ref_chapter_5-sect1_1_954) " section in this prospectus. The charge is deducted on a proportional basis from the Variable Options in which you maintain Account Value on the date the charge is due.

The Total Insurance Charge is intended to compensate Pruco Life for providing the insurance benefits under each Annuity and the risk that persons we guarantee annuity payments to will live longer than our assumptions. The charge covers the mortality and expense risk and administration charges. Furthermore, the charge also compensates us for our administrative costs associated with providing the Annuity benefits, including preparation of the contract and prospectus, confirmation statements, annual account statements and annual reports, legal and accounting fees as well as various related expenses. Finally, the charge compensates us for the risk that our assumptions about the mortality risks and expenses under each Annuity are incorrect and that we have agreed not to increase these charges over time despite our actual costs.

For the Premium Based Insurance Charge, the Charge Basis is initially equal to the sum of all Purchase Payments on the Issue Date of the Annuity. The Charge Basis increases by the amount of any additional Purchase Payment. The Charge Basis may be reduced if you make a withdrawal. When we calculate the Charge Basis, we do not deduct any applicable fees, taxes or charges from the Purchase Payment.

The Charge Basis is reduced by the withdrawal amount less any positive growth in the Annuity, where growth is calculated by taking the Account Value immediately prior to the withdrawal and subtracting the Charge Basis. In no case will the growth be less than zero. If the withdrawal amount is less than the growth in the Annuity, then the Charge Basis will not be reduced.

**<u>Examples of the Charge Basis</u>**

● <u>**<u>Example 1:</u>**</u> Assume you make an initial Purchase Payment of $75,000. Assume you make an additional Purchase Payment of $25,000 in the second Annuity Year. Your new Charge Basis will be $100,000 ($75,000 + $25,000 = $100,000).

● <u>**<u>Example 2:</u>**</u> Assume your Charge Basis is $125,000 and your Account Value is $150,000. You decide to take a partial withdrawal of $30,000. We will reduce your Charge Basis by $5,000 (Account Value of $150,000 – Charge Basis of $125,000 = $25,000; then, the partial withdrawal amount of $30,000 – $25,000 = $5,000.00) to equal your new Charge Basis of $120,000.

● <u>**<u>Example 3:</u>**</u> Assume your Charge Basis is $100,000 and your Account Value is $90,000. You decide to take a partial withdrawal of $25,000. We will reduce your Account Value and Charge Basis by $25,000. In this example, the Account Value is less than the Charge Basis, which means that there has been a decrease in your Account Value due to negative performance of the Investment Options. As a result of the partial withdrawal, your new Charge Basis is $75,000.

A Premium Based Insurance Charge is not deducted: (a) on or after the Annuity Date; (b) if a Death Benefit has been determined under the Annuity (unless Spousal Continuation as described in this prospectus in the "[Spousal Continuation](#ref_chapter_11-sect1_6_954)" section occurs); or (c) in the event of a full surrender of the Annuity (unless the full surrender occurs on a Quarterly Annuity Anniversary, in which case we will deduct the charge prior to terminating the Annuity). If the Quarterly Annuity Anniversary is not on a Valuation Day, we will deduct the Premium Based Insurance Charge on the next Valuation Day.

We will take the Premium Based Insurance Charge on a proportional basis from each of the Variable Options every quarter. If the value of those Variable Options is not sufficient to cover the charge, we will take any remaining portion of the charge from the DCA Market Value Adjustment Options. For purposes of deducting the charge from the DCA Market Value Adjustment Options (a) with respect to DCA Market Value Adjustment Options with different amounts of time remaining until maturity, we will take the withdrawal from the DCA Market Value Adjustment Option with the shortest remaining duration, followed by the DCA Market Value Adjustment Option with the next-shortest remaining duration (if needed to pay the charge) and so forth (b) with respect to multiple DCA Market Value Adjustment Options that have the same duration remaining until maturity, we take the charge first from the DCA Market Value Adjustment Option with the shortest overall Guarantee Period and (c) with respect to multiple DCA Market Value Adjustment Options that have the same Guarantee Period length and duration remaining until the end of the Guarantee Period, we take the charge on a proportional basis from each such DCA Market Value Adjustment Option. In this prospectus, we refer to the preceding hierarchy as the "DCA Market Value Adjustment Option Hierarchy." We will only deduct that portion of the Premium Based Insurance Charge that does not reduce the Unadjusted Account Value below the lesser of $500 or 5% of the sum of the Purchase Payments allocated to the Annuity (which we refer to here as the "floor"). However, if a Premium Based Insurance Charge is deducted on the same day that a withdrawal is taken, it is possible that the deduction of the charge will cause the Unadjusted Account Value to fall below the immediately- referenced Account Value "floor." The Premium Based Charge is not considered a withdrawal for any purpose, including determination of Free Withdrawals, or CDSC.

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**Charges for Optional Benefits Available Under the Annuity:** For information about the benefits available under the Annuity and their corresponding charges, please refer to the "[Benefits Available Under the Contract](#ref_chapter_11-sect1_1_954)" table.

**Fees and Expenses Incurred by the Portfolios:** Each Portfolio incurs total annualized operating expenses comprised of an investment management fee, other expenses and any distribution and service (12b-1) fees and short sale expenses that may apply. These fees and expenses are assessed against each Portfolio's net assets, and reflected daily by each Portfolio before it provides Pruco Life with the net asset value as of the close of business each Valuation Day. **More detailed information about fees and charges can be found in** [**<u>Appendix A</u>**](#ref_chapter_18-sect1_1_954) **to this prospectus and the prospectuses for** **the Portfolios located at** <u>**<u>www.prudential.com/regdocs/PLAZ-PPI-STAT</u>**</u>**.**

**Charge for Additional Reports:** We send any statements and reports required by applicable law or regulation to you at your last known address of record. You may request additional reports. We reserve the right to charge up to $50 for each such additional report.

**DCA MARKET VALUE ADJUSTMENT OPTION CHARGES AND ADJUSTMENTS**

No specific fees or expenses are deducted when determining the rates we credit to a DCA Market Value Adjustment Option. However, for some of the same

reasons that we deduct the Insurance Charge against the Account Value allocated to the Variable Options, we also take into consideration mortality,

expense, administration, profit and other factors in determining the interest rates we credit to a DCA Market Value Adjustment Option.

**Market Value Adjustment:** If you withdraw or transfer assets from a DCA Market Value Adjustment Option more than 30 days prior to the end of the Guarantee Period, we will apply a Market Value Adjustment, which may increase or decrease your initial amount invested. **You could lose up to 100%** **of your investment in a DCA Market Value Adjustment Option as a result of a negative Market Value Adjustment.** The following transactions, when they occur more than 30 days prior to the end of the Guarantee Period are subject to a Market Value Adjustment: (i) partial withdrawals (including systematic withdrawals and Required Minimum Distributions), (ii) surrenders, (iii) exercise of the right to cancel, and (iv) transfers (other than scheduled DCA transfers).

The Market Value Adjustment is calculated at the time of the transaction by multiplying the Unadjusted Account Value of the DCA Market Value Adjustment Option (before the transaction is processed) by the Market Value Adjustment factor. The Market Value Adjustment factor is determined using a formula that takes into account (i) the difference between Constant Maturity Treasury rates established at the inception of the DCA Market Value Adjustment Option and at the time of calculation, (ii) the amount of time remaining in the Guarantee Period, and (iii) a Liquidity Factor of 0.25%. If you decide to Free Look your Annuity, we will not apply the Liquidity Factor. Generally, if yields are higher at the time of Market Value Adjustment application than they were at the beginning of the Guarantee Period, the Market Value Adjustment will be negative. Generally, if yields are lower at the time of Market Value Adjustment application than they were at the beginning of the Guarantee Period, the Market Value Adjustment will be positive.

A negative Market Value Adjustment will reduce your Account Value, Surrender Value and the basic death benefit on a dollar-for-dollar basis. A negative Market Value Adjustment could reduce the Return of Purchase Payments death benefit amount by an amount greater than the value withdrawn. See ["The Return of Purchase Payments Death Benefit"](#ref_chapter_11-sect1_3_954) for more information.

Generally, the interest rates we offer for DCA Market Value Adjustment Options will reflect the investment returns available on the types of investments we make to support our fixed rate guarantees. The Market Value Adjustment is intended to protect us from losses on these investments when we must pay out amounts that are removed from a DCA Market Value Adjustment Option prior to the end of the Guarantee Period.

You may request a quote of the impact an early distribution would have on your Account Value by contacting our Service Center at 1-888-PRU-2888. Values fluctuate daily and the actual Market Value Adjustment applied at the time a transaction is processed may be more or less than the values quoted at the time of your call. Additional information about the calculation of the Market Value Adjustment, including the Market Value Adjustment formula and examples, can be found in the Statement of Additional Information. **Please refer to** [**<u>Appendix C</u>**](#ref_chapter_20-sect1_1_954) **for state variations that may apply.**

**ANNUITY PAYMENT OPTION CHARGES**

If you select a fixed payment option upon Annuitization, the amount of each fixed payment will depend on the Unadjusted Account Value of your Annuity when you elected to annuitize. There is no specific charge deducted from these payments; however, the amount of each annuity payment reflects assumptions about our insurance expenses. Also, a tax charge may apply.

**EXCEPTIONS/REDUCTIONS TO FEES AND CHARGES**

We may reduce or eliminate certain fees and charges or alter the manner in which the particular fee or charge is deducted. For example, we may reduce the amount of any CDSC (B Series only) or the length of time it applies, reduce or eliminate the amount of the Annual Maintenance Fee or reduce the portion of the Total Insurance Charge that is deducted as an administration charge. We will not discriminate unfairly between Annuity purchasers if and when we reduce any fees and charges.

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**GENERAL DESCRIPTION OF CONTRACTS**

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**CHANGE OF OWNER, ANNUITANT AND BENEFICIARY DESIGNATIONS**

In general you may change the Owner, Annuitant and Beneficiary designations by sending us a request in Good Order which will be effective upon receipt at our Service Center. However if the Annuity is held as a Beneficiary Annuity, the Owner may not be changed and you may not designate another Key Life upon which distributions are based.

As of the Valuation Day we receive an ownership change, including an assignment, any automated investment or withdrawal programs will be canceled. The new Owner must submit the applicable program enrollment if they wish to participate in such a program. Where allowed by law, such changes will be subject to our acceptance. Any change we accept is subject to any transactions processed by us before we receive the notice of change at our Service Center. Some of the changes we will not accept include, but are not limited to:

● a new Owner subsequent to the death of the Owner or the first of any co-Owners to die, except where a spouse-Beneficiary has become the Owner as a result of an Owner's death;

● a new Annuitant subsequent to the Annuity Date if the annuity option includes a life contingency;

● a change in Annuitant prior to the Annuity Date if the Owner is an entity;

● a new Owner such that the new Owner is older than the age for which we would then issue the Annuity as of the effective date of such change, unless the change of Owner is the result of Spousal Continuation;

● any permissible designation change if the change request is received at our Service Center after the Annuity Date;

● A new Owner or Annuitant that is a certain ownership type, including but not limited to corporations, partnerships, endowments, or grantor trusts with more than two grantors; and

● a new Annuitant for an Annuity issued to a grantor trust where the new Annuitant is not the oldest grantor of the trust.

In general, and to the extent permitted by state law, you may change the Owner, Annuitant and Beneficiary designations as indicated above, and also may assign the Annuity. **We will allow changes of ownership and/or assignments only if the Annuity is held exclusively for the benefit of the** **Annuitant or Contingent Annuitant. We accept assignments of Non-qualified Annuities only. We assume no responsibility for the validity or** **tax consequences of any change of ownership.**

**We reserve the right to reject any proposed change of Owner, Annuitant, or Beneficiary, as well as any proposed assignment of the Annuity.**

We will reject a proposed change where the proposed Owner, Annuitant, Beneficiary or assignee is any of the following:

● a company(ies) that issues or manages viatical or structured settlements;

● an institutional investment company;

● an Owner with no insurable relationship to the Annuitant or Contingent Annuitant (a "Stranger-Owned Annuity" or "STOA"); or

● a change in designation(s) that does not comply with or that we cannot administer in compliance with Federal and/or state law.

**We will implement this right on a non-discriminatory basis and to the extent allowed by state law, but are not obligated to process your** **request within any particular timeframe.**

**There are restrictions on designation changes when you have elected certain optional benefits. Please see** [**<u>Appendix B</u>**](#ref_chapter_19-sect1_1_954) **- Special Contract** **Provisions for Annuities Issued in Certain States.**

**Death Benefit Suspension Upon Change of Owner or Annuitant.** If there is a change of Owner or Annuitant and you have elected the Return of Purchase Payments Death Benefit, the change may affect the amount of the Death Benefit. See "[The Return of Purchase Payments Death Benefit](#ref_chapter_11-sect1_3_954)" later in the prospectus for additional details.

**Spousal Designations**

If an Annuity is co-owned by spouses, we do not offer Joint Tenants with Rights of Survivorship (JTWROS). Both Owners would need to be listed as the primary beneficiaries for the surviving spouse to maintain the contract unless you designate a different Beneficiary. Note that any division of your Annuity due to divorce will be treated as a withdrawal and CDSC may apply. If CDSC is applicable, it cannot be divided between the Owner and the non-Owner ex-spouse. The non-Owner ex-spouse may decide whether he or she would like to use the withdrawn funds to purchase a new Annuity that is then available to new contract Owners. Please consult with your tax advisor regarding your personal situation if you will be transferring or dividing your Annuity pursuant to a divorce.

The federal and state tax law provisions applicable to an opposite sex spouse will also apply to a same sex spouse. Please note that a civil union or registered domestic partnership is generally not recognized as a marriage.

Please consult with your tax or legal advisor for more information.

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**Contingent Annuitant**

Generally, if an Annuity is owned by an entity and the entity has named a Contingent Annuitant, the Contingent Annuitant will become the Annuitant upon the death of the Annuitant, and no Death Benefit is payable. Unless we agree otherwise, the Annuity is only eligible to have a Contingent Annuitant designation if the entity which owns the Annuity is (1) a plan described in Code Section 72(s)(5)(A)(i) (or any successor Code section thereto); (2) an entity described in Code Section 72(u)(1) (or any successor Code section thereto); or (3) a Custodial Account established to hold retirement assets for the benefit of the natural person Annuitant pursuant to the provisions of Section 408(a) of the Code (or any successor Code section thereto) ("Custodial Account").

Where the Annuity is held by a Custodial Account, the Contingent Annuitant will not automatically become the Annuitant upon the death of the Annuitant. Upon the death of the Annuitant, the Custodial Account will have the choice, subject to our rules, to either elect to receive the Death Benefit or elect to continue the Annuity. If the Custodial Account elects to continue the Annuity, the Death Benefit payable will equal the Death Benefit described in the "Spousal Continuation of Annuity" section of this prospectus. See "[Spousal Continuation of Annuity](#ref_chapter_11-sect1_6_954)" for more information about how the Annuity can be continued by a Custodial Account, including the amount of the Death Benefit.

**RESTRICTIONS ON TRANSFERS BETWEEN INVESTMENT OPTIONS**

During the Accumulation Period you may transfer Account Value between Investment Options subject to the restrictions outlined below. Transfers are not subject to taxation on any gain. We do not currently require a minimum amount in each Variable Option you allocate Account Value to at the time of any allocation or transfer. Although we do not currently impose a minimum transfer amount, we reserve the right to require that any transfer be at least $50.

Transfers under this Annuity consist of those you initiate or those made under a systematic program, such as the 6 or 12 Month DCA Program, another Dollar Cost Averaging program or an asset rebalancing program. The transfer restrictions discussed in this section apply only to transfers that you initiate, not any transfers under a program.

Once you have made 20 transfers among the Variable Options during an Annuity Year, we will accept any additional transfer request during that year only if the request is submitted to us in writing with an original signature and otherwise is in Good Order. For purposes of this 20 transfer limit, we (i) do not view a facsimile transmission or other electronic transmission as a "writing"; (ii) will treat multiple transfer requests submitted on the same Valuation Day as a single transfer; and (iii) do not count any transfer that solely involves the Variable Option corresponding to the AST Government Money Market Variable Option, or any transfer that involves one of our systematic programs, such as automated withdrawals.

Frequent transfers among Variable Options in response to short-term fluctuations in markets, sometimes called "market timing," can make it very difficult for a portfolio manager to manage a Portfolio's investments. Frequent transfers may cause the Portfolio to hold more cash than otherwise necessary, disrupt management strategies, increase transaction costs, or affect performance. In light of the risks posed to Owners and other investors by frequent transfers, we reserve the right to limit the number of transfers in any Annuity Year for all existing or new Owners and to take the other actions discussed below. We also reserve the right to limit the number of transfers in any Annuity Year or to refuse any transfer request for an Owner or certain Owners if: (a) we believe that excessive transfer activity (as we define it) or a specific transfer request or group of transfer requests may have a detrimental effect on Unit Values or the share prices of the Portfolios; or (b) we are informed by a Portfolio (e.g., by its portfolio manager) that the purchase or redemption of shares in the Portfolio must be restricted because the Portfolio believes the transfer activity to which such purchase and redemption relates would have a detrimental effect on the share prices of the affected Portfolio. Without limiting the above, the most likely scenario where either of the above could occur would be if the aggregate amount of a trade or trades represented a relatively large proportion of the total assets of a particular Portfolio. In furtherance of our general authority to restrict transfers as described above, and without limiting other actions we may take in the future, we have adopted the following specific restrictions:

● With respect to each Variable Option (other than the AST Government Money Market Variable Option), we track amounts exceeding a certain dollar threshold that were transferred into the Variable Option. If you transfer such amount into a particular Variable Option, and within 30 calendar days thereafter transfer (the "Transfer Out") all or a portion of that amount into another Variable Option, then upon the Transfer Out, the former Variable Option becomes restricted (the "Restricted Variable Option"). Specifically, we will not permit subsequent transfers into the Restricted Variable Option for 90 calendar days after the Transfer Out if the Restricted Variable Option invests in a non-international Portfolio, or 180 calendar days after the Transfer Out if the Restricted Variable Option invests in an international portfolio. For purposes of this rule, we (i) do not count transfers made in connection with one of our systematic programs, such as automatic rebalancing; (ii) do not count any transfer that solely involves the AST Government Money Market Variable Option; and (iii) do not categorize as a transfer the first transfer that you make after the Issue Date, if you make that transfer within 30 calendar days after the Issue Date. Even if an amount becomes restricted under the foregoing rules, you are still free to redeem the amount from your Annuity at any time.

● We reserve the right to affect transfers on a delayed basis for all Annuities in accordance with our rules regarding frequent transfers. That is, we may price a transfer involving the Variable Options on the Valuation Day subsequent to the Valuation Day on which the transfer request was received. Before implementing such a practice, we would issue a separate written notice to Owners that explains the practice in detail.

If we deny one or more transfer requests under the foregoing rules, we will inform you or your Financial Professional promptly of the circumstances concerning the denial.

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There are Owners of different variable annuity contracts that are funded through the same Separate Account that may not be subject to the above-referenced transfer restrictions and, therefore, might make more numerous and frequent transfers than Annuity Owners who are subject to such limitations. Finally, there may be Owners of other variable annuity contracts or variable life contracts that are issued by Pruco Life as well as other insurance companies that have the same underlying Portfolios available to them. Since some contract Owners are not subject to the same transfer restrictions, unfavorable consequences associated with such frequent trading within the underlying Portfolio (e.g., greater Portfolio turnover, higher transaction costs, or performance or tax issues) may affect all contract Owners. Similarly, while contracts managed by a Financial Professional are subject to the restrictions on transfers between Investment Options that are discussed above, if the Financial Professional manages a number of contracts in the same fashion unfavorable consequences may be associated with management activity since it may involve the movement of a substantial portion of an underlying Portfolio's assets which may affect all contract Owners invested in the affected options. Apart from jurisdiction-specific and contract differences in transfer restrictions, we will apply these rules uniformly (including contracts managed by a Financial Professional) and will not waive a transfer restriction for any Owner.

**Although our transfer restrictions are designed to prevent excessive transfers, they are not capable of preventing every potential occurrence** **of excessive transfer activity.** The Portfolios have adopted their own policies and procedures with respect to excessive trading of their respective shares, and we reserve the right to enforce any such current or future policies and procedures. The prospectuses for the Portfolios describe any such policies and procedures, which may be more or less restrictive than the policies and procedures we have adopted. Under SEC rules, we are required to: (1) enter into a written agreement with each Portfolio or its principal underwriter or its transfer agent that obligates us to provide to the Portfolio promptly upon request certain information about the trading activity of individual contract Owners (including an Annuity Owner's TIN number), and (2) execute instructions from the Portfolio to restrict or prohibit further purchases or transfers by specific Owners who violate the excessive trading policies established by the Portfolio. In addition, you should be aware that some Portfolios may receive "omnibus" purchase and redemption orders from other insurance companies or intermediaries such as retirement plans. The omnibus orders reflect the aggregation and netting of multiple orders from individual Owners of variable insurance contracts and/or individual retirement plan participants. The omnibus nature of these orders may limit the Portfolios in their ability to apply their excessive trading policies and procedures. In addition, the other insurance companies and/or retirement plans may have different policies and procedures or may not have any such policies and procedures because of contractual limitations. For these reasons, we cannot guarantee that the Portfolios (and thus Annuity Owners) will not be harmed by transfer activity relating to other insurance companies and/or retirement plans that may invest in the Portfolios.

A Portfolio also may assess a short-term trading fee (also referred to as "redemption fee") in connection with a transfer out of the Variable Option investing in that Portfolio that occurs within a certain number of days following the date of allocation to the Variable Option. Each Portfolio determines the amount of the short-term trading fee and when the fee is imposed. The fee is retained by or paid to the Portfolio and is not retained by us. The fee will be deducted from your Account Value, to the extent allowed by law. At present, no Portfolio has adopted a short-term trading fee.

**TRANSFER AND REBALANCING PROGRAMS**

There are several programs we administer to help you manage your Account Value. We describe our current programs in this section. The minimum transfer amount under any program is currently $100, although we will not impose that requirement with respect to the final amount to be transferred under a program.

**Dollar Cost Averaging Programs**

We offer Dollar Cost Averaging Programs during the Accumulation Period. In general, Dollar Cost Averaging allows you to systematically transfer an amount periodically from one Variable Option to one or more other Variable Options to which you are permitted to allocate. You can choose to transfer earnings only, principal plus earnings or a flat dollar amount. You may elect a Dollar Cost Averaging program that transfers amounts monthly, quarterly, semi-annually, or annually from your Variable Options (if you make no selection, we will effect transfers on a monthly basis). In addition, you may elect the 6 or 12 Month DCA Program described below.

There is no guarantee that Dollar Cost Averaging will result in a profit or protect against a loss in a declining market.

**6 or 12 Month Dollar Cost Averaging Program (The "6 or 12 Month DCA Program")**

The 6 or 12 Month DCA Program is subject to our rules at the time of election and may not be available in conjunction with other programs and benefits we make available. We may discontinue, modify or amend this program from time to time. The 6 or 12 Month DCA Program may not be available in all states or with certain benefits or programs.

**Criteria for Participating in the Program** 

● If you have elected to participate in the 6 or 12 Month DCA Program, your initial Purchase Payment will be applied to your chosen program and Variable Options. Each time you make an additional Purchase Payment, you will need to elect a new 6 or 12 Month DCA Program for that additional Purchase Payment. If you do not provide such instructions, we will allocate that additional Purchase Payment on a proportional basis to the Variable Options in which your Account Value is then allocated, excluding Variable Options to which you may

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not electively allocate Account Value. Additionally, if your initial Purchase Payment is funded from multiple sources (e.g., a transfer of assets/1035 exchange) then the total amount that you have designated to fund your annuity will be treated as the initial Purchase Payment for purposes of your participation in the 6 or 12 Month DCA Program.<br>

● You may only allocate Purchase Payments to the DCA Market Value Adjustment Options. You may not transfer Account Value into this program. To institute a program, you must allocate at least $2,000 to the DCA Market Value Adjustment Options.

● As part of your election to participate in the 6 or 12 Month DCA Program, you specify whether you want 6 or 12 monthly transfers under the program. We then set the monthly transfer amount, by dividing the Purchase Payment you have allocated to the DCA Market Value Adjustment Options by the number of months. For example, if you allocated $6,000, and selected a 6 month DCA Program, we would transfer $1,000 each month (with the interest earned added to the last payment). We will adjust the monthly transfer amount if, during the transfer period, the amount allocated to the DCA Market Value Adjustment Options is reduced. In that event, we will re-calculate the amount of each remaining transfer by dividing the amount in the DCA Market Value Adjustment Option (including any interest) by the number of remaining transfers. If the recalculated transfer amount is below the minimum transfer required by the program (currently $100), we will transfer the remaining amount from the DCA Market Value Adjustment Option on the next scheduled transfer and terminate the program.

● We impose no fee for your participation in the 6 or 12 Month DCA Program.

● You may cancel the DCA Program at any time. If you do, we will transfer any remaining amount held within the DCA Market Value Adjustment Options according to your instructions, subject to any applicable Market Value Adjustment. If you do not provide any such instructions, we will transfer any remaining amount held in the DCA Market Value Adjustment Options on a proportional basis to the Variable Options in which you are invested currently, excluding any Variable Options to which you are not permitted to choose to allocate or transfer Account Value. If any such Variable Option is no longer available, we may allocate the amount that would have been applied to that Variable Option to the AST Government Money Market Variable Option, unless restricted due to benefit election.

● We credit interest to amounts held within the DCA Market Value Adjustment Options at the applicable declared rates. We credit such interest until the earliest of the following (a) the date the entire amount in the DCA Market Value Adjustment Option has been transferred out; (b) the date the entire amount in the DCA Market Value Adjustment Option is withdrawn; (c) the date as of which any Death Benefit payable is determined, unless the Annuity is continued by a spouse Beneficiary (in which case we continue to credit interest under the program); and (d) the Annuity Date.

● The interest rate earned in a DCA Market Value Adjustment Option will be no less than the minimum guaranteed interest rate. We may, from time to time, declare new interest rates for new Purchase Payments that are higher than the minimum guaranteed interest rate. Please note that the interest rate that we apply under the 6 or 12 Month DCA Program is applied to a declining balance. Therefore, the dollar amount of interest you receive will decrease as amounts are systematically transferred from the DCA Market Value Adjustment Option to the Variable Options, and the effective interest rate earned will therefore be less than the declared interest rate.

**Details Regarding Program Transfers**

● Transfers made under this program are not subject to any Market Value Adjustment.

● Any partial withdrawals, transfers, or fees deducted from the DCA Market Value Adjustment Options will reduce the amount in the DCA Market Value Adjustment Options. If you have only one 6 or 12 Month DCA Program in operation, withdrawals, transfers, or fees may be deducted from the DCA Market Value Adjustment Options associated with that program. You may, however, have more than one 6 or 12 Month DCA Program operating at the same time (so long as any such additional 6 or 12 Month DCA Program is of the same duration). For example, you may have more than one 6 month DCA Program in effect, but may not have a 6 month Program running simultaneously with a 12 Month Program.

● 6 or 12 Month DCA transfers will begin on the date the DCA Market Value Adjustment Option is established (unless modified to comply with state law) and on each month following until the entire principal amount plus earnings is transferred. We do not count transfers under the 6 or 12 Month DCA Program against the number of free transfers allowed under your Annuity.

● The minimum transfer amount is $100, although we will not impose that requirement with respect to the final amount to be transferred under the program.

● We will make transfers under the 6 or 12 month DCA Program to the Variable Options that you specified upon your election of the Program.

● If you are participating in one of our automated withdrawal programs (e.g., Systematic Withdrawals), we may include within that withdrawal program amounts held within the DCA Market Value Adjustment Options.

**Automatic Rebalancing Programs**

During the Accumulation Period, we offer Automatic Rebalancing among the Variable Options you choose and to which you are permitted to allocate. The "Accumulation Period" refers to the period of time from the Issue Date through the last Valuation Day immediately preceding the Annuity Date. You can choose to have your Account Value rebalanced monthly, quarterly, semi-annually, or annually. On the appropriate date, the Variable Options you choose are rebalanced to the allocation percentages you requested. With Automatic Rebalancing, we transfer the appropriate amount from the "overweighted" Variable Options to the "underweighted" Variable Options to return your allocations to the percentages you request. For example, over time the performance of the Variable Options will differ, causing your percentage allocations to shift. You may make additional transfers; however, the Automatic Rebalancing program will not reflect such transfers unless we receive instructions from you indicating that you would like to adjust the Automatic

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Rebalancing program. There is no minimum Account Value required to enroll in Automatic Rebalancing. All rebalancing transfers as part of an Automatic Rebalancing program are not included when counting the number of transfers each year toward the maximum number of free transfers. We do not deduct a charge for participating in an Automatic Rebalancing program. Participation in the Automatic Rebalancing program may be restricted if you are enrolled in certain other optional programs. Variable Options that are part of a systematic withdrawal program or Dollar Cost Averaging program will be excluded from an Automatic Rebalancing program.

**MARKET VALUE ADJUSTMENT OPTION**

With certain exceptions, if you transfer or withdraw Account Value from a Market Value Adjustment Option prior to the end of the applicable Guarantee Period, you will be subject to a Market Value Adjustment. We assess a Market Value Adjustment (whether positive or negative) upon:

● any surrender, partial withdrawal (including a systematic withdrawal, Medically Related Surrender, or a withdrawal program under Sections 72(t) or 72(q) of the Code), or

● transfer out of a Market Value Adjustment Option made outside the 30 days immediately preceding the maturity of the Guarantee Period; and

● your exercise of the Free Look right under your Annuity, unless prohibited by state law.

We will NOT assess a Market Value Adjustment (whether positive or negative) in connection with any of the following:

● partial withdrawals made to meet Required Minimum Distribution requirements under the Code in relation to your Annuity or a required distribution if your Annuity is held as a Beneficiary Annuity, but only if the Required Minimum Distribution or required distribution from Beneficiary Annuity is an amount that we calculate and is distributed through a program that we offer;

● transfers or partial withdrawals from a Market Value Adjustment Option during the 30 days immediately prior to the end of the applicable Guarantee Period, including the Maturity Date of the Market Value Adjustment Option;

● transfers made in accordance with our 6 or 12 Month DCA Program;

● when a death benefit is determined;

● deduction of an Annual Maintenance Fee for the Annuity;

● Annuitization under the Annuity; and

● transfers made pursuant to a mathematical formula used with an optional living benefit.

Please see the Statement of Additional Information for the Market Value Adjusted Fixed Allocation Investment Option for information on how the Investment Option works.

**FINANCIAL PROFESSIONAL PERMISSION TO FORWARD TRANSACTION INSTRUCTIONS**

If you have provided the necessary authorization on the application for your Annuity, the individual who signed the application for your Annuity may forward instructions regarding the allocation of your Account Value, and request financial transactions involving Investment Options. We refer to this person as your "financial professional." You may have another person providing investment advisory services to you with respect to this Annuity and who you have separately authorized on the form we require to forward instructions to us regarding the allocation of your Account Value or certain financial transactions. Please be aware that if you authorize more than one person to provide investment instructions to us, we will follow all instructions received from authorized persons in the order in which we receive them. **If your financial professional or investment advisor has this authority, we deem** **that all such transactions that are directed by your financial professional or investment advisor, as applicable, with respect to your Annuity** **have been authorized by you.** You will receive a confirmation of any financial transaction involving the purchase or sale of Units of your Annuity. You must contact us immediately if and when you revoke such authority. We will not be responsible for acting on instructions from your financial professional or authorized investment advisor until we receive notification of the revocation of such person's authority. We may also suspend, cancel or limit these authorizations at any time. In addition, we may restrict the Investment Options available for transfers or allocation of Purchase Payments by such financial professional or investment advisor. We will notify you and your financial professional if we implement any such restrictions or prohibitions.

**Please Note:** Annuity contracts managed by your financial professional or investment advisor also are subject to the restrictions on transfers between Investment Options that are discussed in the section titled "[Restrictions on Transfers Between Investment Options](#ref_chapter_9-sect1_3_954)." We may also require that your financial professional or investment advisor transmit all financial transactions using the electronic trading functionality available through our website ([www.prudential.com/annuities](DUMMY_954_122_169)). Limitations that we may impose on your financial professional or investment advisor under the agreement (e.g., a custodial agreement) do not apply to financial transactions requested by an Owner on his or her own behalf, except as otherwise described in this prospectus.

**It is your responsibility to arrange for the payment of the advisory fee charged by your investment advisor. Similarly, it is your responsibility** **to understand the advisory services provided by your investment advisor and the advisory fees charged for the services.**

<u>***<u>For certain Broker Dealers:</u>***</u> If instructed by your Broker Dealer, we may allow your financial professional to effectuate withdrawals on your behalf. In the event you do not wish that your financial professional has this authority, please contact us immediately.

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**ANNUITY PERIOD**

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Annuitization involves converting your Unadjusted Account Value to an annuity payment stream, the length of which depends on the terms of the applicable annuity option. Thus, once annuity payments begin, your death benefit, if any, is determined solely under the terms of the applicable annuity payment option, and you no longer participate in the optional death benefit. We currently make annuity options available that provide fixed annuity payments. Fixed annuity payments provide the same amount with each payment. You must annuitize your entire Unadjusted Account Value; partial Annuitizations are not allowed.

You have a right to choose your annuity start date, provided that it is no later than the first day of the calendar month next following the 95<sup>th</sup> birthday of the oldest of any Owner and Annuitant whichever occurs first ("Latest Annuity Date") and no earlier than the earliest permissible Annuity Date. If you do not request an earlier Annuity Date in writing, then your Annuity Date will be the Latest Annuity Date. You may choose one of the annuity options described below, and the frequency of annuity payments. Certain annuity options and/or periods certain may not be available, depending on the age of the Annuitant. If a CDSC is still remaining on your Annuity, any period certain must be at least 10 years (or the maximum period certain available, if life expectancy is less than 10 years). For qualified annuities, the period certain option may be limited to 10 years or less depending on the circumstances. You may change your choices before the Annuity Date.

If needed, we will require proof in Good Order of the Annuitant's age before commencing annuity payments. Likewise, we may require proof in Good Order that an Annuitant is still alive, as a condition of our making additional annuity payments while the Annuitant lives. We will seek to recover any life income annuity payments that we made after the death of the Annuitant.

If the initial annuity payment would be less than $100, we will not allow you to annuitize (except as otherwise specified by applicable law). Instead, we will pay you your current Unadjusted Account Value in a lump sum and terminate your Annuity. Similarly, we reserve the right to pay your Unadjusted Account Value in a lump sum, rather than allow you to annuitize, if the Surrender Value of your Annuity is less than $2,000 on the Annuity Date.

Once annuity payments begin, you no longer receive benefits under the Death Benefits described below. See the "[Payment of Death Benefits](#ref_chapter_11-sect1_5_954)" section of this prospectus.

Certain of these annuity options may be available as "settlement options" to Beneficiaries who choose to receive the Death Benefit proceeds as a series of payments instead of a lump sum payment.

Please note that you may not annuitize within the first three Annuity Years (except as otherwise specified by applicable law). Currently, contracts issued in Florida may be annuitized after the first Annuity Year.

For Beneficiary Annuities, no annuity payments are available and all references to Annuity Date are not applicable.

**Option 1**

**Annuity Payments for a Period Certain:** Under this option, we will make equal payments for the period chosen (the "period certain"), up to 25 years (but not to exceed the life expectancy of the Annuitant at the time the annuity option becomes effective, as computed under applicable IRS tables). The annuity payments may be made monthly, quarterly, semi-annually, or annually, as you choose, for the fixed period. If the Owner dies before the end of the period certain, payments will continue to any surviving Owner, or if there is no surviving Owner, the named Beneficiary or your estate if no Beneficiary is named for the remainder of the period certain.

<u>**<u>Option 2</u>**</u>

**Life Income Annuity Option with a Period Certain:** Under this option, income is payable monthly, quarterly, semi-annually, or annually for the number of years selected (the "period certain"), subject to our then current rules, and thereafter until the death of the Annuitant. Should the Owner or Annuitant die before the end of the period certain, the remaining period certain payments are paid to any surviving Owner, or if there is no surviving Owner, the named Beneficiary, or your estate if no Beneficiary is named, until the end of the period certain. If an annuity option is not selected by the Annuity Date, this is the option we will automatically select for you and payments will be made monthly. We will use a period certain of 10 years, or a shorter duration if the Annuitant's life expectancy at the time the annuity option becomes effective, as computed under applicable IRS tables, is less than 10 years. In addition, for qualified annuities, the period certain option may be limited to 10 years or less depending on the circumstances. If in these instances the duration of the period certain is prohibited by applicable law, then we will pay you a lump sum in lieu of this option.

**Other Annuity Options We May Make Available**

For more information on other annuity options we may make available in the future please call 888-778-2888.

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**BENEFITS AVAILABLE UNDER THE CONTRACT**

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**The following table summarizes information about the benefits available under the Annuity. Certain Contract Benefits may not be available** **through certain financial intermediaries. See** [**<u>Appendix D - Financial Intermediary Variations</u>**](#ref_chapter_21-sect1_1_954) **and the** [**<u>Cover Page</u>**](#ref_chapter_1-sect1_1_954) **for additional information.**

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| | | | | |
|:---|:---|:---|:---|:---|
| **Name of Benefit**  | **Purpose** | **Standard or** **Optional** | **Maximum Fee** | **Restrictions/Limitations** |
|  Basic Death Benefit  | Provides protection for your Beneficiary(ies) by ensuring that they do not receive less than your Account Value.  | Standard  |  | None.  |
|  Return of Purchase<br>Payments Death Benefit  | Provide an optional death benefit called the Return of Purchase Payments Death Benefit.  | Optional  | Premium Based:<br>0.17%<br>plus<br>Account Value Based:<br>0.18% (percentage of the net assets of the Variable Options) | Must be elected at the time you purchase the Annuity.  |
|  Dollar Cost Averaging  | Allows you to systematically transfer a percentage amount out of any Variable Option and into any other Variable Option(s).  | Standard  | None. | None.  |
|  Auto-Rebalancing  | You can direct us to automatically rebalance your assets to return to your original allocation percentage or to a subsequent allocation percentage you select.  | Standard  | None. | None.  |
|  Asset Allocation  | A method of diversification which allocates assets among classes.  | Standard  | None. | None.  |

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**TRIGGERS FOR PAYMENT OF THE DEATH BENEFIT**

Both Annuities provide a Death Benefit prior to Annuitization. If the Annuity is owned by one or more natural persons, the Death Benefit is payable upon the death of the Owner (or the first to die, if there are multiple Owners). If an Annuity is owned by an entity, the Death Benefit is payable upon the Annuitant's death if there is no Contingent Annuitant. Generally, if a Contingent Annuitant was designated before the Annuitant's death and the Annuitant dies, then the Contingent Annuitant becomes the Annuitant and a Death Benefit will not be paid upon the Annuitant's death. The person upon whose death the Death Benefit is paid is referred to below as the "decedent".

Where an Annuity is issued to a trust, and such trust is characterized as a grantor trust under the Code, such Annuity shall not be considered to be held by a non-natural person and will be subject to the tax reporting and withholding requirements generally applicable to a Non-qualified Annuity held by a natural person.

You may name as the Owner of the Annuity a grantor trust with one grantor only if the grantor is designated as the Annuitant. You may name as the Owner of the Annuity, subject to state availability, a grantor trust with two grantors only if the oldest grantor is designated as the Annuitant. We will not issue Annuities to grantor trusts with more than two grantors and we will not permit co-grantors to be designated as either joint Annuitants during the Accumulation Period or Contingent Annuitants.

Where the Annuity is owned by a grantor trust, the Annuity must be distributed within 5 years after the date of death of the first grantor's death under Section 72(s) of the Code. If a non-Annuitant grantor predeceases the Annuitant, the Surrender Value will be payable. The Surrender Value will be payable to the trust and there is no Death Benefit provided under the Annuity except as otherwise described below. Between the date of death of the non-Annuitant grantor and the date that we distribute the Surrender Value, the Account Value may be reduced by the Total Insurance Charge and may be subject to Variable Option fluctuations. If the Annuitant dies after the death of the first grantor, but prior to the distribution of the Surrender Value of the Annuity, then the Death Benefit amount will be payable as a lump sum to the Beneficiary or Beneficiaries.

We determine the amount of the Death Benefit as of the date we receive "Due Proof of Death." Due Proof of Death can be met only if each of the following is submitted to us in Good Order: (a) a death certificate or similar documentation acceptable to us (b) all representations we require or which are mandated by applicable law or regulation in relation to the death claim and the payment of death proceeds and (c) any applicable election of the method of payment of the death benefit by at least one Beneficiary (if not previously elected by the Owner). We must be made aware of all eligible Beneficiaries in order for us to have received Due Proof of Death. Any given Beneficiary must submit the written information we require in order to be paid his/her share of the Death Benefit.

Once we have received Due Proof of Death, each eligible Beneficiary may take his/her portion of the Death Benefit in one of the forms described in this prospectus (e.g., distribution of the entire interest in the Annuity within 5 years after the date of death, or as periodic payments over a period not extending beyond the life or life expectancy of the Beneficiary – see "[Payment of Death Benefits](#ref_chapter_11-sect1_5_954)").

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After our receipt of Due Proof of Death, we automatically transfer any remaining Death Benefit to the AST Government Money Market Variable Option. However, between the date of death and the date that we transfer any remaining Death Benefit to the AST Government Money Market Variable Option, ***the amount of the Death Benefit may be impacted by the Total Insurance Charge and may be subject to Variable Option fluctuations.***

No Death Benefit will be payable if the Annuity terminates because your Unadjusted Account Value reaches zero.

The amount of the Death Benefit is equal to the Unadjusted Account Value on the date we receive Due Proof of Death. We call this the "Basic Death Benefit."

**Here is an example of how the basic death benefit is calculated:**

The contract was issued with Purchase Payments totaling $100,000 but, due to negative Variable Option performance, the Account Value had decreased to $80,000. If the Owner died, the death benefit would be $80,000.

**THE RETURN OF PURCHASE PAYMENTS DEATH BENEFIT**

For an additional charge, both Annuities provide an optional death benefit called the Return of Purchase Payments Death Benefit, which must be elected at the time you purchase the Annuity. This is referred to as the Return of Adjusted Purchase Payments Death Benefit Rider and will be attached to your Annuity contract once issued. You must be no older than age 79 to elect this optional benefit. Once elected, this optional benefit cannot be cancelled at a later date. Additionally, if your Annuity was issued before August 24, 2015, and you elected the Return of Purchase Payments Death Benefit, certain Investment Options are not available to invest in or to transfer from. **Please see the "**[**<u>Appendix A</u>**](#ref_chapter_18-sect1_1_954)**" section of this prospectus.**

The amount of the death benefit under the Return of Purchase Payments Death Benefit is equal to the greater of:

● The Return of Purchase Payments Amount, defined below; AND

● The Unadjusted Account Value on the date we receive Due Proof of Death.

**Calculation of the Return of Purchase Payments Amount**

Initially, the Return of Purchase Payment amount is equal to the sum of all Adjusted Purchase Payments allocated to the Annuity on its Issue Date. Thereafter, the Return of Purchase Payments Amount is:

● Increased by additional Adjusted Purchase Payments allocated to the Annuity, and

● Reduced for any partial withdrawals. A withdrawal will cause a proportional reduction to the Return of Purchase Payments Amount equal to the ratio of the amount of the withdrawal to the Unadjusted Account Value immediately prior to the withdrawal).

**Here is an example of how the optional Return of Purchase Payments death benefit is calculated:**

The contract was issued with Purchase Payments totaling $100,000 but, due to negative Variable Option performance, the Account Value had decreased to $80,000. If the Owner died, the death benefit would still be $100,000. This amount, however, is reduced proportionally when you make a withdrawal from the contract. If the contract Owner had withdrawn 50% of the remaining $80,000, the death benefit would also be reduced by 50%. Since the death benefit had been $100,000, it would now be $50,000.

**EXCEPTIONS TO THE RETURN OF PURCHASE PAYMENT AMOUNT**

There are certain exceptions to the amount of the Death Benefit under the Return of Purchase Payments Death Benefit.

● **Submission of Due Proof of Death after One Year.** If we receive Due Proof of Death more than one year after the date of death, we reserve the right to limit the Death Benefit to the Unadjusted Account Value on the date we receive Due Proof of Death. Although we do not currently limit the Death Benefit to the Unadjusted Account Value, if we decide to do so, the beneficiaries designated under your Annuity would receive an amount equal to the Unadjusted Account Value and not an amount equal to the greater of the Return of Purchase Payment amount and the Unadjusted Account Value.

● **Death Benefit Suspension Period.** You also should be aware that there is a Death Benefit suspension period. If the decedent was not the Owner or Annuitant as of the Issue Date (or within 60 days thereafter), the optional Return of Purchase Payments Death Benefit will be suspended for a two year period starting from the date that person first became Owner or Annuitant. This suspension would not apply if the ownership or Annuitant change was the result of Spousal Continuation or death of the prior Owner or Annuitant. While the two year suspension is in effect, any applicable charge will continue to apply but the Death Benefit amount will equal the Unadjusted Account Value on the date we receive Due Proof of Death. After the two-year suspension period is completed the Death Benefit is the same as if the suspension period had not been in force. See the section of the prospectus above generally with regard to changes of Owner or Annuitant that are allowable.

● **Beneficiary Annuity.** With respect to a Beneficiary Annuity, the Death Benefit is triggered by the death of the beneficial Owner (or the Key Life, if entity-owned). However, if the Annuity is held as a Beneficiary Annuity, the Owner is an entity, and the Key Life is already deceased, then no Death Benefit is payable upon the death of the beneficial Owner.

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**PAYMENT OF DEATH BENEFITS**

**Alternative Death Benefit Payment Options – Annuities owned by Individuals (not associated with Tax-Favored Plans)**

Except in the case of a Spousal Continuation as described above, upon your death, certain distributions must be made under the Annuity. The required distributions depend on whether you die before you start taking annuity payments under the Annuity or after you start taking annuity payments under the Annuity. If you die on or after the Annuity Date, the remaining portion of the interest in the Annuity must be distributed at least as rapidly as under the method of distribution being used as of the date of death. In the event of the decedent's death before the Annuity Date, the Death Benefit must be distributed:

● within five (5) years of the date of death (the "five-year deadline"); or

● as a series of payments not extending beyond the life expectancy of the Beneficiary or over the life of the Beneficiary. Payments under this option must begin within one year of the date of death. If the Beneficiary does not begin installments by such time, then no partial withdrawals will be permitted thereafter and we require that the Beneficiary take the Death Benefit as a lump sum within the five-year deadline.

● If the Beneficiary is the surviving spouse of the Owner, the spouse may elect to continue the Annuity

● If the Annuity is held as a Beneficiary Annuity, the payment of the Death Benefit must be distributed as a lump sum payment.

If we do not receive instructions on where to send the payment in a timely manner, funds will be escheated in accordance with applicable law.

**Alternative Death Benefit Payment Options - Annuities Held by Tax-Favored Plans**

Upon your death under an IRA or Roth IRA, any remaining interest must be distributed in accordance with federal income tax requirements. The post-death distribution requirements were amended, applicable generally with respect to deaths occurring after 2019, by the Further Consolidated Appropriations Act of 2020 (which includes the "Setting Every Community Up for Retirement Enhancement" Act (SECURE Act)), and further clarified by the associated final and proposed regulations. We reserve our rights to implement any additional regulations addressing these requirements in the future. The post-death distribution requirements under prior law continue to apply in certain circumstances. The following rules generally apply to death after 2019:

● 10-year rule: If you have a designated Beneficiary, any remaining interest must be distributed within 10 years after your death, unless the designated Beneficiary is an "eligible designated Beneficiary" ("EDB") or some other exception applies.

● Eligible designated beneficiaries: A designated Beneficiary is any individual designated as a Beneficiary by the IRA owner. An EDB is any designated Beneficiary who is (1) your surviving spouse, (2) your minor child, (3) disabled, (4) chronically ill, or (5) an individual not more than 10 years younger than you. An individual's status as an EDB is generally determined on the date of your death.

● Other applicable rules: This 10-year post-death distribution period applies regardless of whether you die before your required beginning date, or you die on or after that date (including after distributions have commenced in the form of an annuity). However, if you die on or after the required beginning date, then annual distributions will be required from the Annuity during the 10-year period. If the Beneficiary is an EDB and the EDB dies before the entire interest is distributed under this 10-year rule, the remaining interest must be distributed within 10 years after the EDB's death (i.e., a new 10-year distribution period begins).

Instead of taking distributions under the 10-year rule, an EDB can stretch distributions over life, or over a period not extending beyond life expectancy, provided that such distributions commence within one year of your death, subject to certain special rules. In addition, if your minor child is an EDB, the child will cease to be an EDB on the date the child reaches the age of 21, and any remaining interest must be distributed within 10 years after that date (regardless of whether the remaining distribution period under the stretch rule was more or less than 10 years).<br>

It is important to note that under prior law, annuity payments that commenced under a method that satisfied the distribution requirements while the IRA Owner was alive could continue to be made under that method after the death of the IRA owner. However, under the current law, if you commence taking distributions in the form of an annuity that can continue after your death, such as in the form of a joint and survivor annuity or an annuity with a guaranteed period of more than 10 years, any distributions after your death that are scheduled to be made beyond the applicable distribution period imposed under the current law might need to be commuted at the end of that period (or otherwise modified after your death if permitted under federal tax law and by Prudential) in order to comply with the post-death distribution requirements.<br>

The post-death distribution requirements do not apply if annuity payments that comply with prior law commenced prior to December 20, 2019. Also, even if annuity payments have not commenced prior to December 20, 2019, the requirements generally do not apply to an immediate annuity contract purchased prior to that date, if you have made an irrevocable election before that date as to the method and amount of the annuity.<br>

If your Beneficiary is not an individual, such as a charity, your estate, or a trust, any remaining interest after your death generally must be distributed under prior law in accordance with the 5-year rule or the at-least-as-rapidly rule, as applicable (but not the lifetime payout rule). You may wish to consult a professional tax advisor about the federal income tax consequences of your Beneficiary designations.<br>

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In addition, the current post-death distribution requirements generally do not apply if the IRA Owner died prior to January 1, 2020. However, if the designated Beneficiary of the deceased IRA Owner dies after January 1, 2020, any remaining interest must be distributed within 10 years of the designated Beneficiary's death. Hence, this 10-year rule will apply to (1) a contract issued prior to 2020 which continues to be held by a designated Beneficiary of an IRA Owner who died prior to 2020, and (2) an inherited IRA issued after 2019 to the designated Beneficiary of an IRA Owner who died prior to 2020.<br>

● Spousal continuation. Under the current law, as under prior law, if your Beneficiary is your spouse, such surviving spouse can delay the application of the post-death distribution requirements until after their death by transferring the remaining interest tax-free to their own IRA, or by treating your IRA as their own IRA subject to specific limits under the regulations. The post-death distribution requirements are complex in numerous respects. In addition, the manner in which these requirements will apply will depend on your particular facts and circumstances. You may wish to consult a professional tax adviser for tax advice as to your particular situation.

For more information, see "[Taxes](#ref_chapter_14-sect1_1_954)." You may wish to consult a professional tax advisor about the federal income tax consequences of your Beneficiary designations.

A Beneficiary has the flexibility to take out more each year than mandated under the Required Minimum Distribution rules.

Until withdrawn, amounts in an IRA, 403(b) or other "qualified investment" continue to be tax deferred. Amounts withdrawn each year, including amounts that are required to be withdrawn under the Required Minimum Distribution rules, are subject to tax. You may wish to consult a professional tax advisor for tax advice as to your particular situation.

For a Roth IRA, if death occurs before the entire interest is distributed, the Death Benefit must be distributed under the same rules applied to IRAs where death occurs before the date Required Minimum Distributions must begin under the Code.

If we do not receive instructions on where to send the payment within 5 years of the date of death, the funds will be escheated.

The tax consequences to the Beneficiary may vary among the different Death Benefit payment options. For more information, see "[Taxes](#ref_chapter_14-sect1_1_954)." You may wish to consult a professional tax advisor about the federal income tax consequences of your Beneficiary designations.

**SPOUSAL CONTINUATION OF ANNUITY**

Unless you designate a Beneficiary other than your spouse, upon the death of either spousal Owner, the surviving spouse may elect to continue ownership of the Annuity instead of taking the Death Benefit payment ("Spousal Continuation"). The Unadjusted Account Value as of the date of Due Proof of Death will be equal to the Death Benefit that would have been payable. Any amount added to the Unadjusted Account Value will be allocated to the Variable Options on a proportional basis. For the B Series, no CDSC will apply to Purchase Payments made prior to the effective date of a spousal continuance. However, any subsequent Purchase Payments applied after the date the continuance is effective will be subject to all provisions of the Annuity, including the CDSC when applicable. The Premium Based Insurance Charge will continue to be assessed upon Spousal Continuation.

Subsequent to Spousal Continuation, the amount of the Death Benefit will be equal to the Unadjusted Account Value on the date we receive Due Proof of Death.

If you elected the Return of Purchase Payments Death Benefit, then upon Spousal Continuation, the Unadjusted Account Value is increased, if necessary, to equal the greater of:

● The Return of Purchase Payments Amount; and

● The Basic Death Benefit.

Any increase to the Unadjusted Account Value will be allocated on a proportional basis to the Variable Options in which your Account Value is then allocated, excluding any Variable Options to which are you not permitted to electively allocate or transfer Account Value. If the Account Value in those permitted Variable Options is zero, we will allocate the additional amount to a money market Investment Option.

Spousal Continuation is also permitted, subject to our rules and regulatory approval, if the Annuity is held by a Custodial Account established to hold retirement assets for the benefit of the natural person Annuitant pursuant to the provisions of Section 408(a) of the Code ("Custodial Account") and, on the date of the Annuitant's death, the spouse of the Annuitant is (1) the Contingent Annuitant under the Annuity and (2) the Beneficiary of the Custodial Account. The ability to continue the Annuity in this manner will result in the Annuity no longer qualifying for tax deferral under the Code. However, such tax deferral should result from the ownership of the Annuity by the Custodial Account. Please consult your tax or legal advisor.

We allow a spouse to continue the Annuity even though he/she has reached or surpassed the Latest Annuity Date. However, upon such a spousal continuance, annuity payments would begin immediately.

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**PURCHASES AND CONTRACT VALUE**

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**REQUIREMENTS FOR PURCHASING THE ANNUITY**

**We may apply certain limitations, restrictions, and/or underwriting standards as a condition of our issuance of an Annuity and/or acceptance** **of Purchase Payments. Certain of the current limitations, restrictions and standards are described below. We may change these limitations,** **restrictions and standards in the future.** We may make changes to these limitations, restrictions, and/or underwriting standards relating to our issuance of an Annuity subject to any applicable state regulatory approval and requirements. Any such changes would apply to applications received by us in Good Order after the date of the change(s) and changes to the limitations, restrictions or underwriting standards described below would be described revisions to this prospectus.

Your financial professional is required to complete annuity training prior to soliciting an application for an annuity product. If your annuity application is submitted prior to your financial professional fulfilling the applicable annuity training requirements, your application will be returned and the annuity product will need to be re-solicited. If the annuity training is not completed within five (5) Valuation Days from the date your initial Purchase Payment is received by Prudential in Good Order and we do not have your consent to retain the Purchase Payment beyond this time, we will return your Purchase Payment and your Annuity will not be issued.

The availability of the Contract described in this prospectus may vary depending on the broker-dealer through which the Contract is sold. **See** **"**[**<u>Appendix D - Financial Intermediary Variations</u>**](#ref_chapter_21-sect1_1_954)**".**

**Initial Purchase Payment:** An initial Purchase Payment is considered the first Purchase Payment received by us in Good Order and in an amount sufficient to issue your Annuity. This is the payment that issues your Annuity. All subsequent Purchase Payments allocated to the Annuity will be considered Subsequent Purchase Payments. Unless we agree otherwise and subject to our rules, you must make an initial Purchase Payment of at least $10,000. However, if you decide to make payments under a systematic investment or an electronic funds transfer program, we may accept a lower initial Purchase Payment provided that, within the first Annuity Year, your subsequent Purchase Payments plus your initial Purchase Payment total the minimum initial Purchase Payment amount required for the Annuity purchased.

We must approve any initial and subsequent Purchase Payments where the total amount of Purchase Payments equals $1,000,000 or more with respect to this Annuity and any other annuities you are purchasing from us (or that you already own) and/or our affiliates. To the extent allowed by state law, that required approval also will apply to a proposed change of Owner of the Annuity, if as a result of the ownership change, total Purchase Payments with respect to this Annuity and all other annuities owned by the new Owner would equal or exceed that $1,000,000 threshold. We may limit subsequent Purchase Payments under other circumstances, as explained in "[Subsequent Purchase Payments](#ref_chapter_12-sect1_2_99999)".

Applicable laws designed to counter terrorists and prevent money laundering might, in certain circumstances, require us to block an Annuity Owner's ability to make certain transactions, and thereby refuse to accept Purchase Payments or requests for transfers, partial withdrawals, total withdrawals, death benefits, or income payments until instructions are received from the appropriate regulator. We also may be required to provide additional information about you and your Annuity to government regulators.

Except as noted below, Purchase Payments must be submitted by check drawn on a U.S. bank, in U.S. dollars, and made payable to Pruco Life. Purchase Payments may also be submitted via 1035 exchange or direct transfer of funds. Under certain circumstances, Purchase Payments may be transmitted to Pruco Life by wiring funds through your Financial Professional's broker-dealer firm. Subsequent Purchase Payments may also be applied to your Annuity under an electronic funds transfer, an arrangement where you authorize us to deduct money directly from your bank account. We may reject any payment if it is received in an unacceptable form. Our acceptance of a check is subject to our ability to collect funds.

Once we accept your application, we invest your Purchase Payment in your Annuity according to your instructions. You can allocate Purchase Payments to one or more available Investment Options.

**Speculative Investing:** Do not purchase this Annuity if you, anyone acting on your behalf, and/or anyone providing advice to you plan to use it, or any of its optional benefits, for speculation, arbitrage, viatication or any other type of collective investment scheme now or at any time prior to termination of the Annuity. Your Annuity may not be traded on any stock exchange or secondary market. By purchasing this Annuity, you represent and warrant that you are not using this Annuity, or any of its optional benefits, for speculation, arbitrage, viatication or any other type of collective investment scheme.

Currently, we will not issue an Annuity, permit changes in ownership or allow assignments to certain ownership types, including but not limited to: corporations, partnerships and endowments. Further, we will only issue an Annuity, allow changes of ownership and/or permit assignments to certain ownership types if the Annuity is held exclusively for the benefit of the designated Annuitant. These rules are subject to state law. You may name as Owner of the Annuity a grantor trust with one grantor only if the grantor is designated as the Annuitant. You may name as Owner of the Annuity, subject to state availability, a grantor trust with two grantors only if the oldest grantor is designated as the Annuitant. We will not issue Annuities to grantor trusts with more than two grantors and we will not permit co-grantors to be designated as either joint Annuitants during the Accumulation Period or Contingent Annuitants.

Where the Annuity is owned by a grantor trust, the Annuity must be distributed within 5 years after the date of death of the first grantor's death under Section 72(s) of the Code. If a non-Annuitant grantor predeceases the Annuitant, the Surrender Value will be payable. The Surrender Value will be payable to the trust and there is no Death Benefit provided under the Annuity except as otherwise described below. Between the date of death of the

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non-Annuitant grantor and the date that we distribute the Surrender Value, the Account Value may be reduced by the Total Insurance Charge and may be subject to Variable Option fluctuations. If the Annuitant dies after the death of the first grantor, but prior to the distribution of the Surrender Value of the Annuity, then the Death Benefit amount will be payable as a lump sum to the Beneficiary(ies).

Additionally, we will not permit election of any optional benefit by certain ownership types. We may issue an Annuity in ownership structures where the Annuitant is also the participant in a Qualified or Non-qualified employer sponsored plan and the Annuity represents his or her segregated interest in such plan. We reserve the right to further limit, restrict and/or change to whom we will issue an Annuity in the future, to the extent permitted by state law. Further, please be aware that we do not provide administration for employer-sponsored plans and may also limit the number of plan participants that may elect to use our Annuity as a funding vehicle.

**Age Restrictions:** Unless we agree otherwise and subject to our rules, in order to issue the annuity, we must receive the application, in Good Order, before the oldest of the Owner(s) and Annuitant(s) turns 86 years old. If the optional Return of Purchase Payments Death Benefit is elected, we must receive the application in Good Order before the oldest of the Owner(s) and Annuitant(s) turns 80 years old. If you purchase a Beneficiary Annuity, the maximum issue age is 85 based on the Key Life. The availability of protection of certain optional benefits may vary based on the age of the oldest Owner (or Annuitant, if entity owned) on the Issue Date of the Annuity. The "Annuitant" refers to the natural person upon whose life annuity payments payable to the Owner are based.

The age restrictions described in this prospectus may vary depending on the broker-dealer through which the Contract is sold. **See** [**<u>Appendix D -</u>** **<u>Financial Intermediary Variations</u>**](#ref_chapter_21-sect1_1_954)**.**

**Subsequent Purchase Payments:** If allowed by applicable state law, currently you may make subsequent Purchase Payments, provided that the payment is at least $100 (we impose a $50 minimum for electronic funds transfer ("EFT") purchases). We may amend this Purchase Payment minimum, and/or limit the Investment Options to which you may direct Purchase Payments. You may make subsequent Purchase Payments, unless the Annuity is held as a Beneficiary Annuity, at any time before the earlier of the Annuity Date and (i) for Annuities that are not entity-owned, the oldest Owner's 86<sup>th</sup> birthday or (ii) for entity-owned Annuities, the Annuitant's 86<sup>th</sup> birthday. However, Purchase Payments are not permitted after the Account Value is reduced to zero.

Each subsequent Purchase Payment will be allocated to the Investment Options according to your instructions. You may not provide allocation instructions that apply to more than one subsequent Purchase Payment. Thus, if you have not provided allocation instructions with a particular subsequent Purchase Payment, we will allocate the Purchase Payment on a proportional basis to the Variable Options in which your Account Value is then allocated, excluding any Variable Options to which you may not choose to allocate Account Value. We will accept subsequent Purchase Payments up to and including the day prior to the later of (a) the oldest Owner's 86<sup>th</sup> birthday (the Annuitant's 86<sup>th</sup> birthday, if the Annuity is owned by an entity), or (b) the first anniversary of the Issue Date, unless otherwise required by applicable law or regulation to maintain the tax status of the Annuity.

**We reserve the right to limit, suspend or reject any subsequent Purchase Payment at any time, but would do so only on a non- discriminatory** **basis.**

When you purchase this Annuity and determine the amount of your initial Purchase Payment, you should consider the fact that we may suspend, reject or limit subsequent Purchase Payments at some point in the future. Depending on the tax status of your Annuity (e.g., if you own the Annuity through an IRA), there may be annual contribution limits dictated by applicable law. Please see "[Taxes](#ref_chapter_14-sect1_1_954)" for additional information on these contribution limits.

If you have elected to participate in the 6 or 12 Month DCA Program, your initial Purchase Payment will be applied to your chosen program. Each time you make an subsequent Purchase Payment, you will need to elect a new 6 or 12 Month DCA Program for that subsequent Purchase Payment. If you do not provide such instructions, we will allocate that subsequent Purchase Payment on a proportional basis to the Variable Options in which your Account Value is then allocated, excluding Variable Options to which you may not choose to allocate Account Value. Additionally, if your initial Purchase Payment is funded from multiple sources (e.g., a transfer of assets/1035 exchange) then the total amount that you have designated to fund your Annuity will be treated as the initial Purchase Payment for purposes of your participation in the 6 or 12 Month DCA Program.

Subsequent Purchase Payments may also be limited if the total Purchase Payments under this Annuity and other annuities equals or exceeds $1,000,000, as described in more detail in "[Initial Purchase Payment](#ref_chapter_12-sect1_2_954)".

**DESIGNATION OF OWNER, ANNUITANT, AND BENEFICIARY**

**Owner, Annuitant and Beneficiary Designations: We will ask you to name the Owner(s), Annuitant and one or more Beneficiaries for your** **Annuity. If you are considering purchase of an optional living benefit to provide lifetime income for your life or the lives or you and your** **spouse, you should carefully consider the rules regarding the designations of the Owner, Annuitant and Beneficiary for the Annuity and for** **those optional benefits when you establish or change these designations. See "**[**<u>Designation of Owner, Annuitant, and Beneficiary</u>**](#ref_chapter_12-sect1_3_954)**".**

● <u>Owner:</u> Each Owner holds all rights under the Annuity. You may name up to two Owners in which case all ownership rights are held jointly. Generally, joint Owners are required to act jointly; however, if each Owner provides us with a written form that we find acceptable, we will permit each Owner to act independently on behalf of both Owners. All information and documents that we are required to send you will be

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sent to the first named Owner. Co-ownership by entity Owners or an entity Owner and an individual is not permitted. Refer to the "[Glossary of Terms](#ref_chapter_2-sect1_1_954)" for a complete description of the term "Owner." Prior to Annuitization, there is no right of survivorship (other than any spousal continuance right that may be available to a surviving spouse).<br>

● <u>Annuitant:</u> The Annuitant is the person upon whose life we make annuity payments. You must name an Annuitant who is a natural person. We do not accept a designation of joint Annuitants during the Accumulation Period. In limited circumstances and where allowed by law, we may allow you to name one or more "Contingent Annuitants" with our prior 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 " [Taxes](#ref_chapter_14-sect1_1_954) " section of the prospectus. For Beneficiary Annuities, instead of an Annuitant there is a "Key Life" which is used to determine the annual required distributions.

● <u>Beneficiary:</u> The Beneficiary is the person(s) or entity you name to receive the Death Benefit. Your Beneficiary designation should be the exact name of your Beneficiary, not only a reference to the Beneficiary's relationship to you. If you use a class designation in lieu of designating individuals (e.g. "surviving children"), we will pay the class of Beneficiaries as determined at the time of your death and not the class of Beneficiaries that existed at the time the designation was made. If no Beneficiary is named, the Death Benefit will be paid to you or your estate. For Annuities that designate a custodian, trust, or a plan as Owner, the custodian or plan must also be designated as the Beneficiary. If no beneficiary is named for a trust owned contract, the default beneficiary will be the contract owner. For Beneficiary Annuities, instead of a Beneficiary, the term "Successor" is used. If an Annuity is co-owned by spouses, we do not offer Joint Tenants with Rights of Survivorship (JTWROS). Both Owners would need to be listed as the primary beneficiaries for the surviving spouse to maintain the contract, unless you elect an alternative Beneficiary designation.

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 tax advice on the income, estate and gift tax implications of your designations.

**"Beneficiary" Annuity**

You may purchase an Annuity if you are a Beneficiary of an account that was owned by a decedent, except in the event that the decedent's account is an existing Prudential Beneficiary Annuity, subject to the following requirements. You may transfer the proceeds of the decedent's account into one of the Annuities described in this prospectus and receive distributions that are required by the tax laws.

Upon purchase, the Annuity will be issued in the name of the decedent for your benefit. We do not assess a CDSC (if applicable) on distributions from your Annuity if you are required by law to take such distributions from your Annuity at the time it is taken, provided the amount withdrawn is the amount we calculate and is paid out through a program of systematic withdrawals that we make available.

For IRAs and Roth IRAs, an "eligible designated beneficiary" must elect stretch distributions by December 31<sup>st</sup> of the year following the year of the decedent's death. If you are the surviving spouse Beneficiary, distributions may be deferred until the decedent would have attained the applicable age. However, if you choose to defer distributions, you are responsible for complying with the distribution requirements under the Code, and you must make a valid election as to when you would like distributions to begin. If you are not an eligible designated beneficiary, you may have the option to purchase a 10-year deferral beneficiary annuity, which must be established by December 31st of the year following the year of the decedent's death. If a 10-year beneficiary contract is already established, purchase of a Prudential 10-year beneficiary annuity must be completed by December 31st of the year following the year of the decedent's death. For additional information regarding the tax considerations applicable to Beneficiaries of an IRA or Roth IRA, including information about the applicable age, see "[Taxes](#ref_chapter_14-sect1_1_954)".

For Non-qualified Annuities, distributions must begin within one year of the decedent's death. For additional information regarding the tax considerations applicable to Beneficiaries of a Non-qualified Annuity see "Required Distributions Upon Your Death for Non-qualified Annuity Contracts" in "[Taxes](#ref_chapter_14-sect1_1_954)".

You may take withdrawals in excess of your required distributions, however such withdrawals may be subject to the Contingent Deferred Sales Charge. Any withdrawals you take count toward the required distribution for the year. All applicable charges will be assessed against your Annuity, such as the Total Insurance Charge and the Annual Maintenance Fee.

The Annuity provides a basic Death Benefit upon death, and you may name "successors" who may receive the Death Benefit as a lump sum. Please note the following additional limitations for a Beneficiary Annuity:

● No subsequent Purchase Payments are permitted. You may only make a one-time initial Purchase Payment transferred to us directly from another annuity or eligible account. You may not make your Purchase Payment as an indirect rollover, or combine multiple assets or death benefits into a single contract as part of this Beneficiary Annuity.

● You may not elect any optional benefits.

● You may not annuitize the Annuity; no annuity options are available.

● You may participate only in the following programs: Automatic Rebalancing, Dollar Cost Averaging (but not the 6 or 12 Month DCA Program), or Systematic Withdrawals.

● You may not assign or change ownership of the Annuity, and you may not change or designate another life upon which distributions are based. A Beneficiary Annuity may not be co-owned.

● If the Annuity is funded by means of transfer from another Beneficiary Annuity with another company, we require that the sending company or the beneficial Owner provide certain information in order to ensure that applicable required distributions have been made prior to the transfer of the contract proceeds to us. We further require appropriate information to enable us to accurately determine future

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distributions from the Annuity. Please note we are unable to accept a transfer of another Beneficiary Annuity where taxes are calculated based on an exclusion amount or an exclusion ratio of earnings to original investment. We are also unable to accept a transfer of an annuity that has annuitized.<br>

● The beneficial Owner of the Annuity can be an individual, grantor trust, or, for an IRA or Roth IRA, an estate or a qualified trust. In general, a qualified trust (1) must be valid under state law; (2) must be irrevocable or become irrevocable by its terms upon the death of the IRA or Roth IRA Owner; and (3) the Beneficiaries of the trust who are Beneficiaries with respect to the trust's interest in this Annuity must be identifiable from the trust instrument and must be individuals. A qualified trust may be required to provide us with a list of all Beneficiaries to the trust (including contingent and remainder Beneficiaries with a description of the conditions on their entitlement), all of whom must be individuals, as of September 30 <sup>th</sup> of the year following the year of death of the IRA or Roth IRA Owner, or date of Annuity application if later. The trustee may also be required to provide a copy of the trust document upon request. If the beneficial Owner of the Annuity is a grantor trust, distributions must be based on the life expectancy of the grantor who is named as the Annuitant. If the beneficial Owner of the Annuity is a qualified trust, distribution options may be limited. In certain instances, we may allow distributions based on the life expectancy of a sole individual beneficiary under the trust if they qualify as an eligible designated beneficiary. Special rules and limitations may apply to qualified trusts with multiple beneficiaries.

● If this Beneficiary Annuity is transferred to another company as a tax-free exchange with the intention of qualifying as a Beneficiary annuity with the receiving company, we may require certifications from the receiving company that required distributions will be made as required by law.

● If you are transferring proceeds as Beneficiary of an annuity that is owned by a decedent, we must receive your transfer request at least 45 days prior to your first or next required distribution. If, for any reason, your transfer request impedes our ability to complete your required distribution by the required date, we will be unable to accept your transfer request.

**RIGHT TO CANCEL**

You may cancel (or "Free Look") your Annuity for a refund by notifying us in Good Order or by returning the Annuity to our Service Center or to the representative who sold it to you within 10 days after you receive it (or such other period as may be required by applicable law). The Annuity can be mailed or delivered either to us, at our Service Center, or to the representative who sold it to you. Return of the Annuity by mail is effective on being postmarked, properly addressed and postage prepaid.

Subject to applicable law, the amount of the refund will equal the Account Value as of the Valuation Day we receive the returned Annuity at our Service Center or the cancellation request in Good Order, plus any fees or tax charges deducted from the Purchase Payment upon allocation to the Annuity or imposed under the Annuity, less any applicable federal and state income tax withholding. However, where we are required by applicable law to return Purchase Payments, we will return the greater of Account Value and Purchase Payments.

In addition, when you allocate Account Value to any DCA Market Value Adjustment Option and you take a withdrawal, a Market Value Adjustment may be assessed, which could be positive or negative. When a Market Value Adjustment is assessed, a Liquidity Factor of 0.25% is applied and will reduce the amount being withdrawn from the DCA Market Value Adjustment Option. If you decide to Free Look your Annuity, a Market Value Adjustment may be assessed (except in Return of Purchase Payment states), but we would not apply the Liquidity Factor of 0.25%. As a result, the amount of your refund may be reduced by a Market Value Adjustment, but will not be reduced by the Liquidity Factor.

**SCHEDULED PAYMENTS DIRECTLY FROM A BANK ACCOUNT**

You can make subsequent Purchase Payments to your Annuity by authorizing us to deduct money directly from your bank account and applying it to your Annuity, unless the Annuity is held as a Beneficiary Annuity. No subsequent Purchase Payments are permitted if you have elected the Beneficiary Annuity. For Annuities issued prior to August 24, 2015, investment restrictions will apply if you elect optional benefits. We may suspend or cancel electronic funds transfer privileges if sufficient funds are not available from the applicable financial institution on any date that a transaction is scheduled to occur. We may also suspend or cancel electronic funds transfer privileges if we have limited, restricted, suspended or terminated the ability of Owners to submit subsequent Purchase Payments.

**SALARY REDUCTION PROGRAMS**

These types of programs are only available with certain types of qualified investments. If your employer sponsors such a program, we may agree to accept periodic Purchase Payments through a salary reduction program as long as the allocations are not directed to the DCA Market Value Adjustment Options.

**VALUING THE VARIABLE OPTIONS**

When you allocate Account Value to a Variable Option, you are purchasing Units of the Variable Option. Each Variable Option invests exclusively in shares of an underlying Portfolio. The value of the Units fluctuates with the Variable Option fluctuations of the Portfolios. The value of the Units also reflects the daily accrual for the Account Value Based Insurance Charge and the additional charge of the Return of Purchase Payment Death Benefit, if elected.

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Each Valuation Day, we determine the price for a Unit of each Variable Option, called the "Unit Price". The Unit Price is used for determining the value of transactions involving Units of the Variable Options. We determine the number of Units involved in any transaction by dividing the dollar value of the transaction by the Unit Price of the Variable Option as of the Valuation Day. There may be several different Unit Prices for each Variable Option to reflect the Insurance Charge and the charges for any optional benefits. The Unit Price for the Units you purchase will be based on the total charges for the benefits that apply to your Annuity.

**Example**

Assume you allocate $5,000 to a Variable Option. On the Valuation Day you make the allocation, the Unit Price is $14.83. Your $5,000 buys 337.154 Units of the Variable Option. Assume that later, you wish to transfer $3,000 of your Account Value out of that Variable Option and into another Variable Option. On the Valuation Day you request the transfer, the Unit Price of the original Variable Option has increased to $16.79 and the Unit Price of the new Variable Option is $17.83. To transfer $3,000, we redeem 178.677 Units at the current Unit Price, leaving you 158.477 Units. We then buy $3,000 of Units of the new Variable Option at the Unit Price of $17.83. You would then have 168.255 Units of the new Variable Option.

**VALUING THE DCA MARKET VALUE ADJUSTMENT OPTIONS**

During the Guarantee Period, we use the concept of an "Interim Value" for the DCA Market Value Adjustment Options. The Interim Value can be calculated on any day and is equal to the initial value allocated to a DCA Market Value Adjustment Option, plus all interest credited to the DCA Market Value Adjustment Option as of the date calculated. The Interim Value does not include the impact of any Market Value Adjustment. If there have been any transfers or withdrawals from a DCA Market Value Adjustment Option, the Interim Value will reflect the withdrawal of those amounts and any interest credited to those amounts before they were withdrawn. To determine the value of a DCA Market Value Adjustment Option on any day more than 30 days prior to the end of its Guarantee Period, we multiply the Unadjusted Account Value of the DCA Market Value Adjustment Option by the Market Value Adjustment factor. See ["Charges and Adjustments"](#ref_chapter_8-sect1_1_954) and ["Description of Insurance Company, Registered Separate Account, and Investment Options"](#ref_chapter_7-sect1_1_954) for more information about the Market Value Adjustment.

**PROCESSING AND VALUING TRANSACTIONS**

Pruco Life is generally open to process financial transactions on those days that the New York Stock Exchange (NYSE) is open for trading. There may be circumstances where the NYSE does not open on a regularly scheduled date or time or closes at an earlier time than scheduled (normally 4:00 p.m. Eastern Time). Generally, financial transactions received in Good Order before the close of regular trading on the NYSE will be processed according to the value next determined following the close of business. Financial transactions received on a Non-Valuation Day or after the close of regular trading on the NYSE will be processed based on the value next computed on the next Valuation Day.

We will not process any financial transactions involving purchase or redemption orders on days the NYSE is closed. Pruco Life will also not process financial transactions involving purchase or redemption orders or transfers on any day that:

● trading on the NYSE is restricted;

● an emergency, as determined by the SEC, exists making redemption or valuation of securities held in the Separate Account impractical; or

● the SEC, by order, permits the suspension or postponement for the protection of security holders.

In certain circumstances, we may need to correct the processing of an order. In such circumstances, we may incur a loss or receive a gain depending upon the price of the security when the order was executed and the price of the security when the order is corrected. With respect to any gain that may result from such order correction, we will retain any such gain as additional compensation for these correction services.

**Initial Purchase Payments:** We are required to allocate your initial Purchase Payment to the Variable Options within two (2) Valuation Days after we receive the Purchase Payment in Good Order at our Service Center. If we do not have all the required information to allow us to issue your Annuity, we may retain the Purchase Payment while we try to reach you or your representative to obtain all of our requirements. If we are unable to obtain all of our required information within five (5) Valuation Days, we are required to return the Purchase Payment to you at that time, unless you specifically consent to our retaining the Purchase Payment while we gather the required information. Once we obtain the required information, we will invest the Purchase Payment and issue an Annuity within two (2) Valuation Days.

With respect to your initial Purchase Payment and any subsequent Purchase Payments pending investment in our Separate Account, we may hold the amount temporarily in a suspense account and we may earn interest on such amount. You will not be credited with interest during that period. The monies held in the suspense account may be subject to claims of our general creditors. Also, the Purchase Payment will not be reduced nor increased due to Variable Option fluctuations during that period.

As permitted by applicable law, the broker-dealer firm through which you purchase your Annuity may forward your initial Purchase Payment to us prior to approval of your purchase by a registered principal of the firm. These arrangements are subject to a number of regulatory requirements, including that customer funds will be deposited in a segregated bank account and held by the insurer until such time that the insurer is notified of the firm's principal approval and is provided with the application, or is notified of the firm principal's rejection. In addition, the insurer must promptly return the customer's funds at the customer's request prior to the firm's principal approval or upon the firm's rejection of the application. The monies held in the bank account will be held in a suspense account within our general account and we may earn interest on amounts held in that suspense account. Contract owners will not be credited with any interest earned on amounts held in that suspense account. The monies in such suspense account may be subject to claims of our general creditors.

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**Subsequent Purchase Payments:** We will apply any subsequent Purchase Payments as of the Valuation Day that we receive the Purchase Payment at our Service Center in Good Order. We may limit, restrict, suspend or reject any subsequent Purchase Payments at any time. See "[Subsequent Purchase Payments](#ref_chapter_12-sect1_2_954)" under "[Requirements for](#ref_chapter_12-sect1_2_954)[Purchasing the Annuity](#ref_chapter_12-sect1_2_954)". With respect to your additional Purchase Payment that is pending investment in our Separate Account, we may hold the amount temporarily in a suspense account and we may earn interest on such amount. You will not be credited with interest during that period. The monies held in the suspense account may be subject to claims of our general creditors. Also, the Purchase Payment will not be reduced nor increased due to Variable Option fluctuations during that period.

**Scheduled Transactions:** Scheduled transactions include transfers under Dollar Cost Averaging, the Asset Allocation Program, Automatic Rebalancing, Systematic Withdrawals, Systematic Investments, Required Minimum Distributions, substantially equal periodic payments under Section 72(t)/72(q) of the Code, annuity payments and fees that are assessed daily as a percentage of the net assets of the Variable Options. Scheduled transactions are processed and valued as of the date they are scheduled, unless the scheduled day is not a Valuation Day. In that case, the transaction will be processed and valued on the next Valuation Day, unless (with respect to Required Minimum Distributions, substantially equal periodic payments under Section 72(t)/72(q) of the Code, annuity payments and fees that are assessed daily as a percentage of the net assets of the Variable Options only), the next Valuation Day falls in the subsequent calendar year, in which case the transaction will be processed and valued on the prior Valuation Day.

**Unscheduled Transactions:** "Unscheduled" transactions include any other non-scheduled transfers and requests for partial withdrawals or Surrenders. With respect to certain written requests to withdraw Account Value, we may seek to verify the requesting Owner's signature. Specifically, we reserve the right to perform a signature verification for (a) any withdrawal exceeding a certain dollar amount and (b) a withdrawal exceeding a certain dollar amount if the payee is someone other than the Owner. In addition, we will not honor a withdrawal request in which the requested payee is the Financial Professional or agent of record. We reserve the right to request a signature guarantee with respect to a written withdrawal request. If we do perform a signature verification, we will pay the withdrawal proceeds within 7 days after the withdrawal request was received by us in Good Order, and will process the transaction in accordance with the discussion in "[Processing and Valuing Transactions](#ref_chapter_12-sect1_9_954)".

**Medically-Related Surrenders & Death Benefits:** Medically-Related Surrender requests and Death Benefit claims require our review and evaluation before processing. We price such transactions as of the date we receive at our Service Center in Good Order all supporting documentation we require for such transactions.

We generally pay any surrender request or death benefit claims from the Separate Account within 7 days of our receipt of your request in Good Order at our Service Center.

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**SURRENDERS AND WITHDRAWALS**

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**TYPES OF DISTRIBUTIONS AVAILABLE TO YOU**

During the Accumulation Period you can access your Account Value through partial withdrawals, systematic withdrawals, and where required for tax purposes, Required Minimum Distributions. You can also surrender your Annuity at any time. Depending on your instructions, we may deduct a portion of the Account Value being withdrawn or surrendered as a CDSC. If you surrender your Annuity, in addition to any CDSC, we may deduct the Annual Maintenance Fee, any Tax Charge that applies and we may impose a Market Value Adjustment. Certain amounts may be available to you each Annuity Year that are not subject to a CDSC. These are called "Charge Free Withdrawals." Unless you notify us differently as permitted, partial withdrawals are taken on a proportional basis (i.e. meaning that the percentage of each Investment Option withdrawn is the same percentage that the Investment Option bears to the total Account Value). Each of these types of distributions is described more fully below. *Gross Withdrawal or Net Withdrawal.* Generally, you can request either a gross withdrawal or a net withdrawal.. In a gross withdrawal, you request a specific withdrawal amount with the understanding that the amount you actually receive is reduced by any applicable tax withholding. In a net withdrawal, you request a withdrawal for an exact dollar amount with the understanding that any applicable deduction for 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 Account Value. To make sure that you receive the full amount requested, we calculate the entire amount, including the amount generated due to the tax withholding, that will need to be withdrawn. We then apply the tax withholding to that entire amount. As a result, you will have more tax withheld if you elect a net withdrawal.

**TAX IMPLICATIONS FOR DISTRIBUTIONS FROM NON-QUALIFIED ANNUITIES**

**Prior to Annuitization**

For federal income tax purposes, a distribution prior to Annuitization is deemed to come first from any "gain" in your Annuity and second as a return of your "cost basis", if any. Distributions from your Annuity are generally subject to ordinary income taxation on the amount of any investment gain unless the distribution qualifies as a non-taxable exchange or transfer. If you take a distribution prior to the taxpayer's age 59½, you may be subject to a 10% additional tax in addition to ordinary income taxes on any gain. You may wish to consult a professional tax advisor for advice before requesting a distribution.

**During Annuitization**

During the Annuitization period, a portion of each annuity payment is taxed as ordinary income at the tax rate you are subject to at the time of the payment. The Code and regulations have "exclusionary rules" that we use to determine what portion of each annuity payment should be treated as a return of any cost basis you have in your Annuity. Once the cost basis in your Annuity has been distributed, the remaining annuity payments are taxable as ordinary income. The cost basis in your Annuity may be based on the cost basis from a prior contract in the case of a Section 1035 exchange or other qualifying transfer.

There may also be tax implications on distributions from qualified Annuities. See "[Taxes](#ref_chapter_14-sect1_1_954)" for information about qualified Annuities and for additional information about Non-qualified Annuities.

**FREE WITHDRAWAL AMOUNTS (B SERIES ONLY)**

The Free Withdrawal Amount is the amount that can be withdrawn from your Annuity each Annuity Year without the application of any CDSC. The Free Withdrawal Amount during each Annuity Year is equal to 10% of all Purchase Payments that are currently subject to a CDSC. Withdrawals made within an Annuity Year reduce the Free Withdrawal Amount available for the remainder of the Annuity Year. If you do not make a withdrawal during an Annuity Year, you are not allowed to carry over the Free Withdrawal Amount to the next Annuity Year.

● The Free Withdrawal Amount is not available if you choose to surrender your Annuity. Amounts withdrawn as a free withdrawal do not reduce the amount of CDSC that may apply upon a subsequent withdrawal or surrender of your Annuity.

● You can also make partial withdrawals in excess of the Free Withdrawal Amount. The minimum partial withdrawal you may request is $100.

**Example.** This example assumes that no withdrawals have previously been taken.

On January 3<sup>rd</sup>, to purchase your Annuity, you make an initial Purchase Payment of $20,000.

On January 3<sup>rd</sup> of the following calendar year, you make a subsequent Purchase Payment to your Annuity of $10,000.

● Because in Annuity Year 1 your initial Purchase Payment of $20,000 is still within the CDSC schedule (see " [Fee Table](#ref_chapter_5-sect1_1_954) "), your Free Withdrawal Amount in Annuity Year 1 equals $20,000 × 0.10, or $2,000.

● Because in Annuity Year 2 both your initial Purchase Payment of $20,000 and your subsequent Purchase Payment of $10,000 are still within the CDSC schedule (see " [Fee Table](#ref_chapter_5-sect1_1_954) "), your Free Withdrawal Amount in Annuity Year 2 equals $20,000 × 0.10, plus $10,000 × 0.10, or $2,000 + $1,000 for a total of $3,000.

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To determine if a CDSC applies to partial withdrawals, we first determine if you have previously withdrawn all Purchase Payments. If so, no CDSC applies. If you have not previously withdrawn all Purchase Payments, we:

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| <sup>1.</sup> | First determine what, if any, amounts qualify as a free withdrawal. These amounts are not subject to the CDSC. |

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|:---|:---|
| <sup>2.</sup> | Next determine what, if any, remaining amounts are in excess of the Free Withdrawal Amount. These amounts will be treated as withdrawals of Purchase Payments, as described in "[Charges](#ref_chapter_8-sect1_1_954) – Contingent Deferred Sales Charge ("CDSC")". These amounts may be subject to the CDSC. Purchase Payments are withdrawn on a first-in, first-out basis. |

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|:---|:---|
| <sup>3.</sup> | Withdraw any remaining amounts from any other Account Value (including gains). These amounts are not subject to the CDSC. |

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Your withdrawal will include the amount of any applicable CDSC. You can request a partial withdrawal as either a "gross" or "net" withdrawal. In a "gross" withdrawal, you request a specific withdrawal amount, with the understanding that the amount you actually receive is reduced by any applicable CDSC as well as any applicable tax withholding. In a "net" withdrawal, you request a withdrawal for an exact dollar amount you want to receive after the deduction for any applicable CDSC as well as any applicable tax withholding. This means that an amount greater than the amount of your requested "net" withdrawal will be deducted from your Unadjusted Account Value if there is any CDSC and/or tax withholding. No matter how you specify the withdrawal, any Market Value Adjustment will not be applied to the amount you receive, but instead will be applied to your Unadjusted Account Value. If you do not provide instruction on how you want the withdrawal processed, we will process the withdrawal as a gross withdrawal. We will deduct the partial withdrawal from your Unadjusted Account Value in accordance with your instructions. For purposes of calculating the applicable portion to deduct from the DCA Market Value Adjustment Options, the Unadjusted Account Value in all your DCA Market Value Adjustment Options is deemed to be in one Investment Option. If you provide no instructions, then (a) we will take the withdrawal from your Variable Options and DCA Market Value Adjustment Options in the same proportion that each such Investment Option represents to your total Unadjusted Account Value; (b) with respect to DCA Market Value Adjustment Options with different amounts of time remaining until maturity, we take the withdrawal from the DCA Market Value Adjustment Option with the shortest remaining duration, followed by the DCA Market Value Adjustment Option with the next-shortest remaining duration (if needed to satisfy the withdrawal request) and so forth; (c) with respect to multiple DCA Market Value Adjustment Options that have the same duration remaining until maturity, we take the withdrawal first from the DCA Market Value Adjustment Option with the shortest overall Guarantee Period and (d) with respect to multiple DCA Market Value Adjustment Options that have both the same Guarantee Period length and duration remaining until the end of the Guarantee Period, we take the withdrawal on a proportional basis from each such DCA Market Value Adjustment Option.

**SYSTEMATIC WITHDRAWALS**

Our systematic withdrawal program is an administrative program designed for you to withdraw a specified amount from your Annuity on an automated basis at the frequency you select. This program is available to you at no additional charge. We may cease offering this program or change the administrative rules related to the program at any time on a non-discriminatory basis.

You may not have a systematic withdrawal program, as described in this section, if you are receiving substantially equal periodic payments under Sections 72(t) and 72(q) of the Code or Required Minimum Distributions.

You may terminate your systematic withdrawal program at any time. Ownership changes to, and assignment of, your Annuity will terminate any systematic withdrawal program on the Annuity as of the effective date of the change or assignment. Requesting partial withdrawals while you 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 Variable Options or certain Market Value Adjustment Options. Please note that systematic withdrawals may be subject to any applicable CDSC and/or a Market Value Adjustment. We will determine whether a CDSC applies and 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 may occur under a program that provides payment of an amount equal to the earnings in your Annuity for the period requested), we may postpone the withdrawal and add the expected amount to the amount that is to be withdrawn on the next scheduled systematic withdrawal.

Systematic Withdrawals based on the charge free amount may be available, but only if the contract is still within the surrender charge period. The withdrawals will be calculated based only on the Purchase Payments that are still subject to CDSC.

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 withdraw systematic withdrawals from each Investment Option based on the percentage of your total Account Value allocated to each Investment Option at the time we pay out your withdrawal. If you have designated Investment Options and have elected a specific dollar amount which cannot be satisfied by your designated Investment Options, we will withdraw systematic withdrawals from all of your Investment Options based on the percentage of your total Account Value allocated to each Investment Option.

**SYSTEMATIC WITHDRAWALS UNDER SECTIONS 72(t)/72(q) OF THE INTERNAL REVENUE CODE**

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% additional tax on distributions made prior to age 59½ if you elect to receive distributions as a series of "substantially equal periodic payments." For Annuities issued as Non-qualified annuities, Section 72(q) of the Code may provide a similar exemption from additional tax. Systematic withdrawals under Sections 72(t)/72(q) may be subject to a CDSC (except that no CDSC applies to the C Series) and/or a Market Value Adjustment. To request a program that complies with Sections 72(t)/72(q), you must provide us with

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certain required information in writing on a form acceptable to us. We may require advance notice to allow us to calculate the amount of 72(t)/72(q) withdrawals. There is no minimum Surrender Value we require to allow you to begin a program for withdrawals under Sections 72(t)/72(q). The minimum amount for any such withdrawal is $100 and payments may be made monthly, quarterly, semi-annually or annually. Please note that such withdrawals may be subject to a Market Value Adjustment.

You may also annuitize your Annuity and begin receiving payments for the remainder of your life (or life expectancy) as a means of receiving income payments before age 59½ that are not subject to the 10% additional tax.

**Please note that if a withdrawal under Sections 72(t) or 72(q) is scheduled to be effective between the last Valuation Day prior to December** **25<sup>th</sup>** **and December 31<sup>st</sup>** **of a given year, then we will process the withdrawal on the last Valuation Day prior to December 25<sup>th</sup>** **of that year.**

**REQUIRED MINIMUM DISTRIBUTIONS**

Required Minimum Distributions are a type of systematic withdrawal we allow to meet distribution requirements under Sections 401, 403(b) or 408 of the Code. Required Minimum Distribution rules do not apply to Roth IRAs during the Owner's lifetime. Under the Code, you may be required to begin receiving periodic amounts from your Annuity. In such case, we will allow you to make systematic withdrawals in amounts that satisfy the minimum distribution rules under the Code. We do not assess a CDSC (if applicable) or a Market Value Adjustment on Required Minimum Distributions from your Annuity if you are required by law to take such Required Minimum Distributions from your Annuity at the time it is taken, provided the amount withdrawn is the amount we calculate as the Required Minimum Distribution and is paid out through a program of systematic withdrawals that we make available. However, a CDSC (if applicable) or a Market Value Adjustment may be assessed on that portion of a systematic withdrawal that is taken to satisfy the Required Minimum Distribution rules in relation to other savings or investment plans under other qualified retirement plans.

The amount of the Required Minimum Distribution for your particular situation may depend on other annuities, savings or investments. We will only calculate the amount of your Required Minimum Distribution based on the value of your Annuity. We require three (3) days advance written notice to calculate and process the amount of your payments. You may elect to have Required Minimum Distributions paid out monthly, quarterly, semi-annually or annually. The $100 minimum amount that applies to systematic withdrawals applies to monthly Required Minimum Distributions but does not apply to Required Minimum Distributions taken out on a quarterly, semi-annual or annual basis.

You may also annuitize your Annuity and begin receiving payments for the remainder of your life (or life expectancy) as a means of receiving income payments and satisfying the Required Minimum Distribution rules under the Code.

In any year in which the requirement to take Required Minimum Distributions is suspended by law, we reserve the right, in our sole discretion and regardless of any position taken on this issue in a prior year, to treat any amount that would have been considered as a Required Minimum Distribution if not for the suspension as eligible for treatment as described herein.

**Please note that if a Required Minimum Distribution is scheduled to be effective between the last Valuation Day prior to December 25<sup>th</sup>** **and** **December 31<sup>st</sup>** **of a given year, then we will process the Required Minimum Distribution on the last Valuation Day prior to December 25<sup>th</sup>** **of** **that year.**

See "[Taxes](#ref_chapter_14-sect1_1_954)" for a further discussion of Required Minimum Distributions.

**SURRENDER VALUE**

During the Accumulation Period you can surrender your Annuity at any time, and you will receive the Surrender Value. Upon surrender of your Annuity, you will no longer have any rights under the surrendered Annuity. Your Surrender Value is equal to the Account Value (which includes the effect of any Market Value Adjustment) less any applicable CDSC, any applicable tax charges, any applicable optional benefit charge (if a full surrender occurs on a Quarterly Annuity Anniversary) and any Annual Maintenance Fee.

We apply as a threshold, in certain circumstances, a minimum Surrender Value of $2,000. We will not allow you to take any withdrawals that would cause your Annuity's Account Value, after taking the withdrawal, to fall below the minimum Surrender Value. See "Annuity Period" for information on the impact of the minimum Surrender Value at Annuitization.

**MEDICALLY-RELATED SURRENDERS**

Where permitted by law, you may request to surrender all or part of your B Series Annuity prior to the Annuity Date without application of any otherwise applicable CDSC upon occurrence of a medically-related "Contingency Event" as described below (a "Medically-Related Surrender"). The availability and requirements of such a surrender and waiver may vary by state. The CDSC and this waiver are not applicable to the C Series.

If you request a full surrender, the amount payable will be your Account Value as of the date we receive, in Good Order, your request to surrender your Annuity. Any applicable Market Value Adjustment will apply to a Medically-Related Surrender. Although a CDSC will not apply to qualifying Medically-Related Surrenders, please be aware that a withdrawal from the Annuity before you have reached age 59½ may be subject to a 10% additional tax and other tax consequences – see "[Taxes](#ref_chapter_14-sect1_1_954)".

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This waiver of any applicable CDSC is subject to our rules in place at the time of your request, which currently include but are not limited to the following:

● If the Owner is an entity, the Annuitant must have been named or any change of Annuitant must have been accepted by us, prior to the "Contingency Event" described below in order to qualify for a Medically-Related Surrender;

● If the Owner is an entity, the Annuitant must be alive as of the date we pay the proceeds of such surrender request;

● If the Owner is one or more natural persons, all such Owners must also be alive at such time;

● We must receive satisfactory proof of the Owner's (or the Annuitant's if entity-owned) confinement in a Medical Care Facility or Fatal Illness in writing on a form satisfactory to us;

● No subsequent Purchase Payments can be made to the Annuity; and

● Proceeds will only be sent by check or electronic fund transfer directly to the Owner.

We reserve the right to impose a maximum amount of a Medically-Related Surrender (equal to $500,000), but we do not currently impose that maximum. That is, if the amount of a partial medically-related withdrawal request, when added to the aggregate amount of Medically-Related Surrenders you have taken previously under this Annuity and any other annuities we and/or our affiliates have issued to you exceeds that maximum amount, we reserve the right to treat the amount exceeding that maximum as not an eligible Medically-Related Surrender.

A "Contingency Event" occurs if the Owner (or Annuitant if entity-owned) is:

● first confined in a "Medical Care Facility" after the Issue Date and while the Annuity is in force, remains confined for at least 90 consecutive days, and remains confined on the date we receive the Medically-Related Surrender request at our Service Center; or

● first diagnosed as having a "Fatal Illness" after the Issue Date and while the Annuity is in force. We may require a second or third opinion by a licensed physician chosen by us regarding a diagnosis of Fatal Illness. We will pay for any such second or third opinion.

"Fatal Illness" means a condition (a) diagnosed by a licensed physician; and (b) that is expected to result in death within 24 months after the diagnosis in 80% of the cases diagnosed with the condition. "Medical Care Facility" means a facility operated and licensed pursuant to the laws of any United States jurisdiction providing medically necessary in-patient care, which is (a) prescribed by a licensed physician in writing; (b) recognized as a general hospital or long-term care facility by the proper authority of the United States jurisdiction in which it is located; (c) recognized as a general hospital by the Joint Commission on the Accreditation of Hospitals; and (d) certified as a hospital or long-term care facility; OR (e) a nursing home licensed by the United States jurisdiction in which it is located and offers the services of a Registered Nurse (RN) or Licensed Practical Nurse (LPN) 24 hours a day that maintains control of all prescribed medications dispensed and daily medical records. This waiver is not currently available in California and Massachusetts.

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**TAXES**

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The tax considerations associated with an Annuity vary depending on whether the Annuity is (i) owned by an individual or non-natural person, and not associated with a tax-favored retirement plan, or (ii) held under a tax-favored retirement plan. We discuss the tax considerations for these categories of Annuities below. The discussion is general in nature and describes only federal income tax law. We generally do not describe state, local, foreign or other federal tax laws. It is based on current law and interpretations which may change. The information provided is not intended as tax advice. The federal income tax treatment of the Annuity is unclear in certain circumstances, and you should always consult a qualified tax advisor regarding the application of law to individual circumstances. Generally, the cost basis in an Annuity is the amount you pay into your Annuity, or into an annuity exchanged for your Annuity, on an after-tax basis less any withdrawals of such payments. Cost basis for a tax-favored retirement plan is provided only in limited circumstances, such as for contributions to a Roth IRA or nondeductible contributions to a traditional IRA. We do not track cost basis for tax-favored retirement plans, which is the responsibility of the Owner.

On advisory products, you may be able to establish, subject to our rules and restrictions, an advisory fee deduction program for a qualified or Non-qualified Annuity such that charges for investment advisory fees are not taxable to the Annuity Owner. Please note that there are additional requirements that must be satisfied in order for investment advisory fee charges paid from a Non-qualified Annuity to be treated as not taxable.

The discussion below generally assumes that the Annuity is issued to the Annuity Owner. For Annuities issued under the Beneficiary Continuation Option or as a Beneficiary Annuity, refer to the Taxes Payable by Beneficiaries for a Non-qualified Annuity and Required Distributions Upon Your Death for Qualified Annuities sections below.

**NON-QUALIFIED ANNUITIES**

**In general, as used in this prospectus, a Non-qualified Annuity is owned by an individual or non-natural person and is not associated with a** **tax-favored retirement plan.**

**Taxes Payable by You**

We believe the Annuity is an Annuity for tax purposes. Accordingly, as a general rule, you should not pay any tax until you receive money under the Annuity. Generally, all Annuity contracts issued by the same company (and affiliates) to you during the same calendar year must be treated as one Annuity for purposes of determining the amount of any withdrawal that is subject to tax under the rules described below. We treat advisory fee payments as an expense of the Annuity and not a taxable distribution if your Non-qualified Annuity satisfies the requirements of a Private Letter Ruling issued to us by the Internal Revenue Service ("IRS"). In accordance with the PLR, advisory fee payments from your Non-qualified Annuity are treated as an expense as long as your advisor attests to us that the PLR requirements have been met, including that the advisory fees will not exceed 1.5% of the Annuity's cash value and the Annuity only pays the advisor for fees related to investment advice with respect to the Annuity and no other services. The PLR does not generally allow such favorable tax treatment of advisory fee payments where a commission is also paid on the Annuity.

It is possible that the IRS could assert that some or all of the charges for the optional living or death benefits under the Annuity should be treated for federal income tax purposes as a partial withdrawal from the Annuity. If this were the case, the charge for this benefit could be deemed a withdrawal and treated as taxable income to the extent there are earnings in the Annuity. Additionally, for Owners under age 59½, the taxable income attributable to the charge for the benefit could be subject to the 10% additional tax. If the IRS determines that the charges for one or more benefits under the Annuity are taxable withdrawals, then the sole, primary, or surviving Owner will be provided with a notice from us describing available alternatives regarding these benefits.

**Taxes on Withdrawals and Surrender Before Annuity Payments Begin**

If you make a withdrawal from your Annuity or surrender it before annuity payments begin, the amount you receive will be taxed as ordinary income, rather than as a return of cost basis, until all gain has been withdrawn. At any time, there is no gain in your Annuity, payments will be treated as a nontaxable return of cost basis until all cost basis has been returned. After all cost basis is returned, all subsequent amounts will be taxed as ordinary income. An exception to this treatment exists for contracts that include Purchase Payments made prior to August 14, 1982 that are issued via 1035 exchange. Withdrawals from a contract with Purchase Payments made before August 14, 1982 are treated as a return of cost basis in the Annuity first until those pre-August 14, 1982 Purchase Payments are withdrawn. Moreover, income allocable to Purchase Payments made before August 14, 1982 is not subject to the 10% additional tax.

You will generally be taxed on any withdrawals from the Annuity while you are alive even if the withdrawal is paid to someone else. Withdrawals under any of the optional living benefits or as a systematic payment are taxed under these rules. If you assign or pledge all or part of your Annuity as collateral for a loan, the part assigned generally will be treated as a withdrawal and subject to income tax to the extent of gain. If the entire Account Value is assigned or pledged, subsequent increases in the Account Value are also treated as withdrawals for as long as the assignment or pledge remains in place. The cost basis is increased by the amount includible in income with respect to such assignment or pledge. If you transfer your Annuity for less than full consideration, such as by gift, you will also trigger tax on any gain in the Annuity. Under most circumstances, this rule does not apply if you transfer the Annuity to your spouse or if you transfer the Annuity incident to divorce.

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If you choose to receive payments under an interest payment option, or a Beneficiary chooses to receive a death benefit under an interest payment option, that election will be treated, for tax purposes, as surrendering your Annuity and will immediately subject any gain in the Annuity to income tax and possibly the 10% additional tax.

**Taxes on Annuity Payments**

If you select an annuity payment option as described in the "[Annuity Period](#ref_chapter_10-sect1_1_954)" section of this prospectus, a portion of each annuity payment you receive will be treated as a partial return of your cost basis and will not be taxed. The remaining portion will be taxed as ordinary income. Generally, the nontaxable portion is determined by multiplying the annuity payment you receive by a fraction, the numerator of which is your cost basis (less any amounts previously received tax-free) and the denominator of which is the total expected payments under the Annuity. After the full amount of your cost basis has been recovered tax-free, the full amount of the annuity payments will be taxable. If annuity payments stop due to the death of the Annuitant before the full amount of your cost basis has been recovered, a tax deduction may be allowed for the unrecovered amount.

If your Account Value is reduced to zero but the Annuity remains in force due to a benefit provision, further distributions from the Annuity will be reported as annuity payments, using an exclusion ratio based upon the undistributed cost basis in the Annuity and the total value of the anticipated future payments until such time as all cost basis has been recovered.

**Maximum Annuity Date**

You must commence annuity payments no later than the first day of the calendar month following the maximum Annuity Date for your Annuity. Upon reaching the maximum Annuity Date you can no longer make Purchase Payments, surrender, exchange, or transfer your contract. The maximum Annuity Date may be the same as the Latest Annuity Date as described elsewhere in this prospectus. For some of our Annuities, you can choose to defer the Annuity Date beyond the default or Latest Annuity Date, as applicable, described in your Annuity. However, the IRS may not then consider your Annuity to be an Annuity under the tax law.

Please refer to your Annuity contract for the maximum Annuity Date.

**Partial Annuitization**

We do not currently permit partial annuitization.

**Medicare Tax on Net Investment Income**

The Code includes a Medicare tax on investment income. This tax assesses a 3.8% surtax on the lesser of (1) net investment income or (2) the excess of "modified adjusted gross income" over a threshold amount. The "threshold amount" is $250,000 for married taxpayers filing jointly or qualifying widow(er) with dependent child, $125,000 for married taxpayers filing separately, $200,000 for all others, and approximately $16,000 for estates and certain trusts. The taxable portion of payments received as a withdrawal, surrender, annuity payment, death benefit payment or any other actual or deemed distribution under the Annuity will be considered investment income for purposes of this surtax.

**10% Additional Tax for Early Withdrawal from a Non-Qualified Annuity**

You may owe a 10% additional tax on the taxable part of distributions received from your Non-qualified Annuity. Amounts are not subject to this additional tax if:

● the amount is paid on or after you reach age 59½;

● the amount is paid on or after your death (or the death of the Annuitant when the owner is not an individual);

● the amount received is attributable to your becoming disabled (as defined in the Code);

● generally the amount paid or received is in the form of substantially equal periodic payments (as defined in the Code) not less frequently than annually (please note that substantially equal periodic payments must continue until the later of reaching age 59½ or five years and the impermissible modification of payments during that time period will result in retroactive application of the 10% additional tax); or

● the amount received is paid under an immediate Annuity (within the meaning of the Code) and the annuity start date is no more than one year from the date of purchase (the first monthly annuity payment being required to be paid within 13 months).

Other exceptions to this tax may apply. You should consult your tax advisor for further details.

**Special Rules in Relation to Tax-free Exchanges Under Section 1035**

Section 1035 of the Code permits certain tax-free exchanges of a life insurance contract, annuity contract or endowment contract for an Annuity, including tax-free exchanges of annuity death benefits for a Beneficiary Annuity. Partial exchanges may be treated in the same way as tax-free 1035 exchanges of entire contracts, therefore avoiding current taxation of the partially exchanged amount as well as the 10% additional tax on pre-age 59½ withdrawals. In Revenue Procedure 2011-38, the IRS indicated that, for partial exchanges on or after October 24, 2011, where there is a surrender or distribution from either the initial annuity contract or receiving annuity contract within 180 days of the date on which the partial exchange was completed

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(other than an amount received as an annuity for a period of 10 years or more or during one or more lives), the IRS may not treat the transaction as a tax-free Section 1035 exchange. The IRS will apply general tax rules to determine the substance and treatment of the transaction in such cases. We strongly urge you to discuss any partial exchange transaction of this type with your tax advisor before proceeding with the transaction.

If an Annuity is purchased through a tax-free exchange of a life insurance contract, annuity contract or endowment contract that was purchased prior to August 14, 1982, then any Purchase Payments made to the original contract prior to August 14, 1982 will be treated as made to the new Annuity prior to that date. Generally, such pre-August 14, 1982 withdrawals are treated as a return of cost basis first until Purchase Payments made before August 14, 1982 are withdrawn. Moreover, income allocable to Purchase Payments made before August 14, 1982, is not subject to the 10% additional tax.

After you elect an Annuity Payout Option, we do not allow you to exchange your Annuity.

**Taxes Payable by Beneficiaries for a Non-Qualified Annuity**

If an Owner dies before the Annuity Date, the Death Benefit distributions are taxed at ordinary income tax rates. The value of the Death Benefit, as determined under federal law, is also included in the Owner's estate for federal estate tax purposes. Generally, the same income tax rules described above would also apply to amounts received by your Beneficiary. Choosing an option other than a lump sum Death Benefit may defer taxes. Certain minimum distribution requirements apply upon your death, as discussed further below in the Annuity Qualification section. Tax consequences to the Beneficiary vary depending upon the Death Benefit payment option selected. Generally, for payment of the Death Benefit:

● As a lump sum payment, the Beneficiary is taxed in the year of payment on gain in the Annuity.

● Within 5 years of death of Owner, the Beneficiary is taxed on the lump sum payment. The Death Benefit must be taken as one lump sum payment within 5 years of the death of the Owner. Partial withdrawals are not permitted to be paid to Beneficiaries under our Annuity contracts.

● Under an Annuity or Annuity settlement option where distributions begin within one year of the date of death of the Owner, the Beneficiary is taxed on each payment with part as gain and part as return of cost basis. After the full amount of cost basis has been recovered tax-free, the full amount of the annuity payments will be taxable.

After the Annuity Date, if a period certain remains under the annuity option and the Annuitant dies before the end of that period, any remaining payments made to the Beneficiary will be fully excluded from income until the remaining cost basis is recovered and all annuity payments thereafter are fully includible in income. If we allow the Beneficiary to commute the remaining payments in a lump sum, the proceeds will be taxable as a surrender.

**Considerations for Contingent Annuitants:** We may allow the naming of a contingent Annuitant when a Non-qualified Annuity is held by a pension plan or a tax favored retirement plan, or held by a Custodial Account. In such a situation, the Annuity may no longer qualify for tax deferral where the Annuity continues after the death of the Annuitant. However, tax deferral should be provided instead by the pension plan, tax favored retirement plan, or Custodial Account. We may also allow the naming of a contingent annuitant when a Non-qualified Annuity is held by an entity owner when such Annuities do not qualify for tax deferral under the current tax law. This does not supersede any benefit language which may restrict the use of the contingent annuitant.

**Reporting and Withholding on Distributions**

Amounts distributed from an Annuity are subject to federal and state income tax reporting and withholding. In general, we will withhold federal income tax from the taxable portion of such distribution based on the type of distribution. In the case of an annuity payment, we apply default withholding under the applicable tax rules unless you designate a different withholding status. In the case of all other distributions, we will withhold at a 10% rate. You may generally elect a different tax withholding rate or elect not to have tax withheld from your payments. An election out of withholding must be made on forms that we provide. If you are a U.S. person (which includes a resident alien), and you request a payment be delivered outside the United States or do not provide a U.S. taxpayer identification number, we are required to withhold income tax.

State income tax withholding rules vary and we will withhold based on the rules of your state of residence. Special tax rules apply to withholding for nonresident aliens, and we generally withhold income tax for nonresident aliens at a 30% rate. A different withholding rate may be applicable to a nonresident alien based on the terms of an existing income tax treaty between the United States and the nonresident alien's country. Please refer to the discussion below regarding withholding rules for a Qualified Annuity.

Regardless of the amount withheld by us, you are liable for payment of income taxes (including any estimated taxes that may be due) on the taxable portion of distributions from the Annuity. You should consult with your tax advisor regarding the payment of the correct amount of these income taxes and potential liability if you fail to pay such taxes.

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**Entity Owners**

Where an Annuity is held by a non-natural person (e.g., a corporation, partnership), other than as an agent or nominee for a natural person (or in other limited circumstances), increases in the value of the Annuity over its cost basis will be subject to tax annually.

Where an Annuity is issued to a Charitable Remainder Trust (CRT), increases in the value of the Annuity over its cost basis will be subject to tax reporting annually. As there are charges for the optional living and death benefits described elsewhere in this prospectus, and such charges reduce the contract value of the Annuity, trustees of the CRT should discuss with their legal advisors whether election of such optional living or death benefits violates their fiduciary duty to the remainder beneficiary.

Where an Annuity is issued to a trust, and such trust is characterized as a grantor trust under the Code, such Annuity is generally not considered to be held by a non-natural person and will be subject to the tax reporting and withholding requirements generally applicable to a Non-qualified Annuity held by a natural person, provided that all grantors of the trust are natural persons. At this time, we will not issue an Annuity to grantor trusts with more than two grantors.

Where the Annuity is owned by a grantor trust, the Annuity must be distributed within five years after the date of the first grantor's death (or the Annuitant's death in certain instances) under Section 72(s) of the Code.

See the "[Benefits Available Under the Contract](#ref_chapter_11-sect1_1_954)" section for scenarios where a Death Benefit or Surrender Value is payable depending upon the underlying facts.

Trusts are required to complete and submit a Certificate of Entity form, and we will tax report based on the information provided on this form.

**Annuity Qualification**

*Diversification And Investor Control.* In order to qualify for the tax rules applicable to Annuities described above, the investment assets in the Non-qualified Annuity Variable Options must be diversified according to certain rules under the Code. Each Portfolio is required to diversify its investments each quarter so that no more than 55% of the value of its assets is represented by any one investment, no more than 70% is represented by any two investments, no more than 80% is represented by any three investments, and no more than 90% is represented by any four investments. Generally, securities of a single issuer are treated as one investment, and obligations of each U.S. Government agency and instrumentality (such as the Government National Mortgage Association) are treated as issued by separate issuers. In addition, any security issued, guaranteed or insured (to the extent so guaranteed or insured) by the U.S. or an instrumentality of the U.S. will be treated as a security issued by the U.S. Government or its instrumentality, where applicable. We believe the Portfolios underlying the Variable Options of the Annuity meet these diversification requirements.

An additional requirement for qualification for the tax treatment described above is that we, and not you as the Annuity Owner, must have sufficient control over the underlying assets to be treated as the owner of the underlying assets for tax purposes. The tax law limits the amount of control you may have over choosing investments for your Annuity. If this "investor control" rule is violated your Annuity assets will be considered owned directly by you and you lose the favorable tax treatment generally afforded to annuities.

While we also believe these investor control rules will be met, the Treasury Department may promulgate guidelines under which a variable annuity will not be treated as an annuity contract for tax purposes if persons with ownership rights have excessive control over the investments underlying such variable annuity contract. It is unclear whether such guidelines, if in fact promulgated, would have retroactive effect. It is also unclear what effect, if any, such guidelines might have on transfers between the Investment Options offered pursuant to this prospectus. We reserve the right to take any action, including modifications to your Annuity or the Investment Options, required to comply with such guidelines if promulgated. Any such changes will apply uniformly to affected Owners and will be made with such notice to affected Owners as is feasible under the circumstances.

**Required Distributions Upon Your Death for a Non-Qualified Annuity.**

Upon your death, certain distributions must be made under the Annuity. The required distributions depend on whether you die before you start taking annuity payments under the Annuity or after you start taking annuity payments under the Annuity. If you die on or after the Annuity Date, the remaining portion of the interest in the Annuity must be distributed at least as rapidly as under the method of distribution being used as of the date of death. If you die before the Annuity Date, the entire interest in the Annuity must be distributed within five years after the date of death, or as periodic payments over a period not extending beyond the life or life expectancy of the designated Beneficiary (provided such payments begin within one year of your death). If the Beneficiary does not begin installments within one year of the date of death, no partial withdrawals will be permitted thereafter, and we require that the Beneficiary take the Death Benefit as a lump sum within the five-year deadline. Your designated Beneficiary is the person to whom benefit rights under the Annuity pass by reason of death, and must be a natural person in order to elect a periodic payment option based on life expectancy or a period exceeding five years. Additionally, if the Annuity is payable to (or for the benefit of) your surviving spouse, that portion of the Annuity may be continued with your spouse as the Owner. For Non-qualified Annuities owned by a non-natural person, the required distribution rules generally apply upon the death of the Annuitant. This means, for example, that for an Annuity held by a non-natural person (such as a trust) for which there is named a co-annuitant, then such required distributions will be triggered by the death of the first co-annuitant to die.

*Changes To Your Annuity.* We reserve the right to make any changes we deem necessary to assure that your Annuity qualifies as an Annuity for tax purposes. Any such changes will apply to all Annuity Owners and you will be given notice to the extent feasible under the circumstances.

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**QUALIFIED ANNUITIES**

**In general, as used in this prospectus, a Qualified Annuity is an Annuity with applicable endorsements for a tax-favored plan or a** **Non-Qualified Annuity held by a tax-favored retirement plan.**

The following is a general discussion of the tax considerations for Qualified Annuities. This Annuity may or may not be available for all types of the tax-favored retirement plans discussed below. This discussion assumes that you have satisfied the eligibility requirements for any tax-favored retirement plan. Please consult your financial professional prior to purchase to confirm if this Annuity is available for a particular type of tax-favored retirement plan or whether we will accept the type of contribution you intend for this Annuity.

A Qualified Annuity may have been purchased for use in connection with:

● Individual retirement accounts and annuities (IRAs), including inherited IRAs (which we refer to as a Beneficiary IRA), which are subject to Sections 408(a) and 408(b) of the Code;

● Roth IRAs, including inherited Roth IRAs (which we refer to as a Beneficiary Roth IRA) under Section 408A of the Code;

● A corporate Pension or Profit-sharing plan (subject to 401(a) of the Code);

● H.R. 10 plans (also known as Keogh Plans, subject to 401(a) of the Code);

● Tax Sheltered Annuities (subject to 403(b) of the Code, also known as Tax Deferred Annuities or TDAs);

● Section 457 plans (subject to 457 of the Code).

A Non-qualified Annuity may have been purchased by a 401(a) trust, a custodial IRA or a custodial Roth IRA account, or a Section 457 plan, which can hold other permissible assets. The terms and administration of the trust or custodial account or plan in accordance with the laws and regulations for 401(a) plans, IRAs or Roth IRAs, or a Section 457 plan, as applicable, are the responsibility of the applicable trustee or custodian.

You should be aware that tax favored plans such as IRAs generally provide income tax deferral regardless of whether they invest in Annuities. This means that when a tax favored plan invests in an Annuity, it generally does not result in any additional tax benefits (such as income tax deferral and income tax free transfers).

**Types of Tax-favored Plans**

***IRAs.*** The "IRA Disclosure Statement" and "Roth IRA Disclosure Statement" which accompany the prospectus contain information about eligibility, contribution limits, tax particulars, and other IRA information. In addition to this information (the material terms are summarized in this prospectus and in those Disclosure Statements), the IRS requires that you have a "Free Look" after making an initial contribution to the Annuity. During this time, you can cancel the Annuity by notifying us in writing, and we will refund the greater of all purchase payments under the Annuity or the Account Value, less any applicable federal and state income tax withholding.

*Contribution Limits/Rollovers.* Subject to the minimum purchase payment requirements of an Annuity, you may purchase an Annuity for an IRA in connection with a "rollover" of amounts from a qualified retirement plan, as a transfer from another IRA, by making a contribution consisting of your IRA contributions and catch-up contributions, if applicable, attributable to the prior year during the period from January 1 to April 15 (or the later applicable due date of your federal income tax return, without extension), or as a current year contribution. Contribution amounts are indexed for inflation. The IRS generally provides contribution limits for the subsequent year in the fourth quarter of the current year. The tax law also provides for a catch-up provision for individuals who are age 50 and above, allowing these individuals an additional $1,000 contribution each year. The $1,000 catch-up contribution for IRA owners age 50 or older is indexed for inflation starting in 2024 in accordance with the Consolidated Appropriations Act, 2023 (which includes SECURE 2.0 of 2022 ("SECURE 2.0"). You may be able to claim a deduction for your contributions depending on your modified adjusted gross income. Go to [<u>www.irs.gov</u>](DUMMY_954_194_97) for the limits for each year.

The "rollover" rules under the Code are fairly technical; however, an individual (or his or her surviving spouse) may generally "roll over" certain distributions from tax favored retirement plans (either directly or within 60 days from the date of these distributions) if he or she meets the requirements for distribution. Once you buy an Annuity, you can make regular IRA contributions under the Annuity (to the extent permitted by law and the terms of the Annuity). For IRA rollovers, an individual can only make an IRA to IRA rollover if the individual has not made a rollover involving any IRAs owned by the individual in the prior 12 months. An IRA transfer is a tax-free trustee-to-trustee "transfer" from one IRA account to another. IRA transfers are not subject to this 12-month rule. There is no age limitation with regard to contributions to a traditional IRA as long as the earned income requirements are met.

In some circumstances, non-spouse Beneficiaries may roll over to an IRA amounts due from qualified plans, 403(b) plans, and governmental 457(b) plans. However, the rollover rules applicable to non-spouse Beneficiaries under the Code are more restrictive than the rollover rules applicable to Owner/participants and spouse Beneficiaries. Generally, non-spouse Beneficiaries may roll over distributions from tax favored retirement plans only as a direct rollover. An inherited IRA must be directly rolled over from the employer plan or transferred from an IRA and must be titled in the name of the deceased (i.e., John Doe deceased for the benefit of Jane Doe). No additional contributions can be made to an inherited IRA. In this prospectus, an inherited IRA is also referred to as a Beneficiary Annuity.

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*Required Provisions.* Annuities that are IRAs (or endorsements that are part of the contract) must contain certain provisions:

● You, as Owner of the Annuity, must be the "Annuitant" under the contract (except in certain cases involving the division of property under a decree of divorce);

● Your rights as Owner are non-forfeitable;

● You cannot sell, assign or pledge the Annuity;

● The annual contribution you pay cannot be greater than the maximum amount allowed by law, including catch-up contributions if applicable (which does not include any rollover amounts or amounts transferred by trustee-to-trustee transfer);

● The date on which required minimum distributions must begin cannot be later than April 1 <sup>st</sup> of the calendar year after the calendar year you turn the applicable age (see the Required Minimum Distribution rules for more details); and

● Death and annuity payments must meet Required Minimum Distribution rules described below.

Usually, the full amount of any distribution from an IRA (including a distribution from this Annuity) which is not a transfer or rollover is taxable. As taxable income, these distributions are subject to the general income tax withholding rules described earlier regarding an Annuity in the Non-qualified Annuity section. In addition to this normal tax liability, you may also be liable for the following, depending on your actions:

● A 10% early withdrawal additional tax described below;

● Liability for "prohibited transactions" if you, for example, borrow against the value of an IRA; or

● Failure to take a Required Minimum Distribution, also described below.

If you make any non-deductible contributions to your IRA, a portion of any subsequent distribution may be tax-free as a return of those contributions. You are required to keep track of this and determine the taxable and non-taxable portions. IRS rules require that we report the full amount of any distribution as taxable.

***Simplified Employee Pensions (SEP).*** SEPs are a variation on a standard IRA, and Annuities issued to a SEP must satisfy the same general requirements described under IRAs (above). There are, however, some differences:

● If you participate in a SEP, you generally do not include in income any employer contributions made to the SEP on your behalf up to the lesser of (a) the annual employer contribution limit as indexed for inflation, or (b) 25% of your taxable compensation paid by the contributing employer (not including the employer's SEP contribution as compensation for these purposes). However, for these purposes, compensation in excess of certain limits established by the IRS will not be considered. Go to [<u>www.irs.gov</u>](DUMMY_954_196_95) for the current year contribution and catch-up limits and compensation limit.

● SEPs must satisfy certain participation and nondiscrimination requirements not generally applicable to IRAs; and

● SEPs that contain a salary reduction or "SARSEP" provision prior to 1997 may permit salary deferrals from employee income with the employer making these contributions to the SEP. Contribution amounts are indexed for inflation. The IRS generally provides contribution limits for the subsequent year in the fourth quarter of the current year. However, no new "salary reduction" or "SARSEPs" can be established after 1996. Individuals participating in a SARSEP who are age 50 or above by the end of the year are permitted to contribute an additional catch-up contribution amount. These amounts are indexed for inflation and may depend on the participant's age. Go to [<u>www.irs.gov</u>](DUMMY_954_198_93) for the current year contribution limit and catch-up contribution limit. Not all Annuities issued by us are available for SARSEPs.

● You will also be provided the same information, and have the same "Free Look" period, as you would have if you purchased the Annuity for a standard IRA.

● Roth contributions are permitted for SEP IRAs starting in 2023. The Company does not currently offer Roth contributions for SEP IRAs, but we reserve the right to offer this contribution type in the future.

***ROTH IRAs.*** The "Roth IRA Disclosure Statement" contains information about eligibility, contribution limits, tax particulars and other Roth IRA information. Like standard IRAs, income within a Roth IRA accumulates tax-free, and contributions are subject to specific limits. Roth IRAs have, however, the following differences:

● Contributions to a Roth IRA cannot be deducted from your gross income;

● "Qualified distributions" from a Roth IRA are excludable from gross income. A "qualified distribution" is a distribution that satisfies two requirements: (1) the distribution must be made (a) after the Owner of the IRA attains age 59½; (b) after the Owner's death; (c) due to the Owner's disability; or (d) for a qualified first time homebuyer distribution within the meaning of Section 72(t)(2)(F) of the Code; and (2) the distribution must be made in the year that is at least five tax years after the first year for which a contribution was made to any Roth IRA established for the Owner. Distributions from a Roth IRA that are not qualified distributions will be treated as made first from contributions and then from earnings and earnings will be taxed generally in the same manner as distributions from a traditional IRA.

● If eligible (including meeting income limitations and earnings requirements), you may make contributions to a Roth IRA during your lifetime, and distributions are not required during the owner's lifetime.

Subject to the minimum Purchase Payment requirements of an Annuity, you may purchase an Annuity for a Roth IRA in connection with a "rollover" of amounts of another traditional IRA, SEP, SIMPLE-IRA (subject to a timing restriction), employer sponsored retirement plan (under Sections 401(a) or 403(b) of the Code) or Roth IRA. You may also purchase an Annuity for a Roth IRA, if you meet certain income limitations, by making a contribution consisting of your Roth IRA contributions and catch-up contributions, if applicable, attributable to the prior year during the period from January 1 to April 15 (or the applicable due date of your federal income tax return, without extension), or as a current year contribution. The Code permits persons who

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receive certain qualifying distributions from such non-Roth IRAs, to directly rollover or make, within 60 days, a "rollover" of all or any part of the amount of such distribution to a Roth IRA which they establish (a "conversion"). The conversion of non-Roth accounts triggers current taxation (but is not subject to a 10% early distribution additional tax unless a distribution that is allocable to the rollover contribution is distributed within 5 years of the conversion).

In addition, SECURE 2.0 amends the Code to allow for tax and penalty free rollovers from 529 accounts to Roth IRAs, under certain conditions. Starting in 2024, beneficiaries of 529 college savings accounts would be permitted to roll over up to $35,000 over the course of their lifetime from any 529 account in their name to their Roth IRA. These rollovers generally are also subject to Roth IRA annual contribution limits, and the 529 account must have been open for at least 15 years, among other requirements.

The Code also permits the recharacterization of current year contribution amounts from a traditional IRA into a Roth IRA, or from a Roth IRA to a traditional IRA. Recharacterization is accomplished through a trustee-to-trustee transfer of a contribution (or a portion of a contribution) plus earnings, between different types of IRAs. A properly recharacterized contribution is treated as a contribution made to the second IRA instead of the first IRA. Such recharacterization must be completed by the applicable tax return due date (with extensions). However, no recharacterizations of conversions can be made.

Once an Annuity has been purchased, regular Roth IRA contributions will be accepted to the extent permitted by law and the terms of the Annuity. In addition, an individual receiving an eligible rollover distribution from a designated Roth account under an employer plan may roll over the distribution to a Roth IRA even if the individual is not eligible to make regular contributions to a Roth IRA. Non-spouse Beneficiaries receiving a distribution from an employer sponsored retirement plan under Sections 401(a) or 403(b) of the Code can also directly roll over contributions to a Roth IRA. However, it is our understanding of the Code that non-spouse Beneficiaries cannot "rollover" benefits from a traditional IRA to a Roth IRA.

***TDAs.*** In general, you may own a Tax Deferred Annuity (also known as a TDA, Tax Sheltered Annuity (TSA), 403(b) plan or 403(b) Annuity) if you are an employee of a tax-exempt organization (as defined under Code Section 501(c)(3)) or a public educational organization, and you may make contributions to a TDA so long as your employer maintains such a plan and your rights to the Annuity are non-forfeitable. Contributions to a TDA, and any earnings, are not taxable until distribution. You may also make contributions to a TDA under a salary reduction agreement subject to specific limits. Individuals participating in a TDA who are age 50 or above by the end of the year will be permitted to contribute an additional amount. This amount is indexed for inflation. Go to [<u>www.irs.gov</u>](DUMMY_954_200_91) for the current year contribution limit and catch-up contribution limit. Further, you may roll over TDA amounts to another TDA or an IRA. You may also roll over TDA amounts to a qualified retirement plan, a SEP and a governmental 457(b) plan. An Annuity may generally only qualify as a TDA if distributions of salary deferrals (other than "grandfathered" amounts held as of December 31, 1988) may be made only on account of:

● Your attainment of age 59½;

● Your severance of employment;

● Your death;

● Your total and permanent disability; or

● Hardship

In any event, you must begin receiving distributions from your TDA by April 1<sup>st</sup> of the calendar year after the calendar year you turn the applicable age or retire, whichever is later. These distribution limits do not apply either to transfers or exchanges of investments under the Annuity, or to any "direct transfer" of your interest in the Annuity to another employer's TDA plan or mutual fund "custodial account" described under Code Section 403(b)(7). Employer contributions to TDAs are subject to the same general contribution, nondiscrimination, and minimum participation rules applicable to "qualified" retirement plans.

**Caution:** Under IRS regulations we can accept contributions, transfers and rollovers only if we have entered into an information-sharing agreement, or its functional equivalent, with the applicable employer or its agent. In addition, in order to comply with the regulations, we will only process certain transactions (e.g., transfers, withdrawals, hardship distributions and, if applicable, loans) with employer approval. This means that if you request one of these transactions we will not consider your request to be in Good Order, and will not therefore process the transaction, until we receive the employer's approval in written or electronic form.

**Late Rollover Self-Certification**

You may be able to apply a rollover contribution to your IRA or qualified retirement plan after the 60-day deadline through a self-certification procedure established by the IRS. Please consult your tax or legal advisor regarding your eligibility to use this self-certification procedure. As indicated in this IRS guidance, we, as a financial institution, are not required to accept your self-certification for waiver of the 60-day deadline.

**Required Minimum Distributions and Payment Options**

If you hold the Annuity under an IRA (or other tax-favored plan), Required Minimum Distribution rules must be satisfied. This means that generally payments must start by April 1 of the year after the year you reach the applicable age ("required beginning date") and must be made for each year thereafter. For a TDA or a 401(a) plan for which the participant is not a greater than 5% owner of the employer, this required beginning date can generally be deferred to retirement, if later. Roth IRAs and designated Roth accounts under employer sponsored plans are not subject to these rules during the Owner's lifetime.

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| | |
|:---|:---|
| **If you were born...**  | **Your "applicable age" is...** |
|  Before July 1, 1949  | 70½ |
|  After June 30, 1949 and before 1951  | 72 |
|  After 1950 and before 1960  | 73 |
|  After 1959  | 75 |

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The amount of the payment must at least equal the minimum required under the IRS rules. Several choices are available for calculating the minimum amount. More information on the mechanics of this calculation is available on request. Please contact us at a reasonable time before the Required Minimum Distribution deadline so that a timely distribution is made. Please note that there is a 25% excise tax (a 50% excise tax applied prior to the 2023 taxable year) on the amount of any required minimum distribution not made in a timely manner. The excise tax on failure is further reduced from 25% to 10% if corrected in a timely manner and certain other conditions are met in accordance with SECURE 2.0.

Required Minimum Distributions are calculated based on the sum of the Account Value and the actuarial present value of any additional living and death benefits from optional riders that you have purchased under the Annuity. As a result, the Required Minimum Distributions may be larger than if the calculation were based on the Account Value only, which may in turn result in an earlier (but not before the required beginning date) distribution of amounts under the Annuity and an increased amount of taxable income distributed to the Annuity Owner, and a reduction of payments under the living and death benefit optional riders.

You can use the Minimum Distribution option to satisfy the Required Minimum Distribution rules for an Annuity without either beginning annuity payments or surrendering the Annuity. Under this option, we will distribute to you the Required Minimum Distribution amount, less any other partial withdrawals that you made during the year. Such amount will be based on the value of the Annuity as of December 31 of the prior year, but is determined without regard to other tax favored retirement plans you may own. If a trustee-to-trustee transfer or direct rollover of the full contract value is requested when there is an active Required Minimum Distribution program running, the Required Minimum Distribution will be removed and sent to the Owner prior to the remaining funds being sent to the transfer institution.

Although the IRS rules determine the required amount to be distributed from your IRA each year, certain payment alternatives are still available to you. In accordance with SECURE 2.0, a new optional method for calculating your RMDs may be available if you have an IRA in an annuity payout (or partial annuity payout), and an IRA in the deferral stage. Please contact your tax advisor to determine if this calculation method is appropriate for you. In addition, if you own more than one IRA, you can choose to satisfy your minimum distribution requirement for each of your IRAs by withdrawing that amount from any of your non-Roth IRAs. If you inherit more than one IRA or more than one Roth IRA from the same Owner, similar rules apply. These rules may also apply to other types of tax favored retirement plans such as TDAs.

**Charitable IRA Distributions**

Certain qualified IRA distributions used for charitable purposes are eligible for an exclusion from gross income, up to $100,000 (indexed for inflation beginning after 2023), for otherwise taxable IRA distributions from a traditional or Roth IRA. A qualified charitable distribution is a distribution that is made (1) directly by the IRA trustee to certain qualified charitable organizations and (2) on or after the date the IRA owner attains age 70½. Distributions that are excluded from income under this provision are not taken into account in determining the individual's deductions, if any, for charitable contributions. The amount of your qualified charitable distributions that are excluded from income for a tax year is reduced (but not below zero) by the excess of: (1) the total amount of your IRA deductions allowed for all tax years ending on or after the date you attain age 70½, over (2) the total amount of reductions for all tax years preceding the current tax year. You should consult your tax advisor about whether a one-time distribution up to $50,000 (indexed for inflation beginning after 2023) that is made from your IRA to a "split-interest entity" can be excluded from your gross income.

The IRS has currently indicated that an IRA trustee is not responsible for determining whether a distribution to a charity is one that satisfies the requirements of the charitable giving incentive. Unless otherwise required in the future by the IRS, we will report the distribution as a normal IRA distribution on Form 1099-R. In those instances, individuals are responsible for reflecting the distributions as charitable IRA distributions on their personal tax returns. However, if we receive certification that the distribution satisfies the requirements, we will report the distribution as a charitable IRA distribution on Form 1099-R.

**Required Distributions Upon Your Death for a Qualified Annuity**

Upon your death under an IRA, Roth IRA, 403(b) or other employer sponsored plan, any remaining interest must be distributed in accordance with federal income tax requirements. For Owner and Beneficiary deaths prior to 2020, please consult your tax advisor regarding the applicable post-death distribution requirements.

The information provided below applies to Owner and Beneficiary deaths after 2019. In addition, if you are an employee under a governmental plan, such as a section 403(b) plan of a public school or a governmental 457(b) plan, this law applies if you die after 2021. In addition, if your plan is maintained pursuant to one or more collective bargaining agreements, this law generally applies if you die after 2021 (unless the collective bargaining agreements terminate earlier).

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● *Death before your required beginning date.* If you die before your required beginning date, and you have a designated beneficiary, any remaining interest must be distributed within 10 years after your death, unless the designated beneficiary is an "eligible designated beneficiary" ("EDB") or some other exception applies. A designated beneficiary is any individual designated as a beneficiary by the employee or IRA owner. An EDB is any designated beneficiary who is (1) your surviving spouse, (2) your minor child, (3) disabled, (4) chronically ill, or (5) an individual not more than 10 years younger than you. An individual's status as an EDB is generally determined on the date of your death. An EDB (other than a minor child) can generally stretch distributions over their life or life expectancy if payments begin by the end of the calendar year following the year of your death and continuing over the EDB's remaining life expectancy after the EDB's death. However, all amounts must be fully distributed by the end of the year containing the 10 <sup>th</sup> anniversary of the EDB's death. Special rules apply to minors and Beneficiaries that are not individuals. Additional special rules apply to surviving spouses, see "Spousal Continuation" below.

● *Death on or after your required beginning date.* In general, if you die on or after your required beginning date, and you have a designated beneficiary who is not an EDB, any remaining interest in your Qualified Annuity must continue to be distributed over the longer of your remaining life expectancy and your designated beneficiary's life expectancy (or more rapidly), but all amounts must be distributed within 10 years of your death. If your Beneficiary is an EDB (other than a minor child), distributions must continue over the longer of your remaining life expectancy and the EDB's life expectancy (or more rapidly), but all amounts must be distributed within 10 years of the EDB's death. Special rules apply to EDBs who are minors and Beneficiaries that are not individuals.

● *Annuity payments.* If you commence taking distributions in the form of an annuity that can continue after your death, such as in the form of a joint and survivor annuity or an annuity with a guaranteed period of more than 10 years, any distributions after your death that are scheduled to be made beyond the applicable distribution period imposed under the law might need to be commuted at the end of that period (or otherwise modified after your death if permitted under federal tax law and by us) in order to comply with the post-death distribution requirements.

● *Other rules.* The post-death distribution requirements do not apply if the employee or IRA owner elected annuity payments that comply with prior law commenced prior to December 20, 2019. Also, even if annuity payments have not commenced prior to December 20, 2019, the requirements generally do not apply to an immediate annuity contract purchased prior to that date, if you have made an irrevocable election before that date as to the method and amount of the annuity.

If your beneficiary is not an individual, such as a charity, your estate, or a trust, any remaining interest after your death generally must be distributed in accordance with the 5-year rule or the at-least-as-rapidly rule, as applicable (but not the lifetime payout rule). You may wish to consult a professional tax advisor about the federal income tax consequences of your beneficiary designations.<br>

In addition, these post-death distribution requirements generally do not apply if the employee or IRA owner died prior to January 1, 2020. However, if the designated beneficiary of the deceased employee or IRA owner dies after January 1, 2020, and the designated beneficiary had elected the lifetime payout rule or was under the at-least-as rapidly rule, any remaining interest must be distributed within 10 years of the designated beneficiary's death. Hence, this 10-year rule will apply to (1) a contract issued prior to 2020 which continues to be held by a designated beneficiary of an employee or IRA owner who died prior to 2020, and (2) an inherited IRA issued after 2019 to the designated beneficiary of an employee or IRA owner who died prior to 2020.<br>

● *Spousal continuation.* If your beneficiary is your spouse, such surviving spouse can delay the application of the post-death distribution requirements until after their death by transferring the remaining interest tax-free to their own IRA, or by electing to treat your IRA as their own IRA. However, in certain circumstances the surviving spouse may have to take "hypothetical RMDs" (i.e., catch-up amounts required in accordance with the regulations).

The post-death distribution requirements are complex in numerous respects. Treasury has issued final and proposed regulations that may impact these required minimum distribution requirements. We reserve the right to make changes in order to comply with the final and proposed regulations, or any regulations published in the future. Any such changes will apply uniformly to affected Owners or Beneficiaries and will be made with such notice to affected Owners or Beneficiaries as is feasible under the circumstances. In addition, the manner in which these requirements will apply will depend on your particular facts and circumstances. You may wish to consult a professional tax advisor for tax advice as to your particular situation.

Unless payments are being made in the form of an annuity, a Beneficiary has the flexibility to take out more each year than mandated under the required minimum distribution rules.

Note that in 2014, the U.S. Supreme Court ruled that Inherited IRAs, other than IRAs inherited by the owner's spouse, do not qualify as retirement assets for purposes of protection under the federal bankruptcy laws.

Until withdrawn, amounts in a Qualified Annuity continue to be tax deferred. Amounts withdrawn each year, including amounts that are required to be withdrawn under the required minimum distribution rules, are subject to tax. You may wish to consult a professional tax advisor for tax advice as to your particular situation.

For a Roth IRA, if death occurs before the entire interest is distributed, the death benefit must be distributed under the same rules applied to IRAs where death occurs before the required beginning date. Similar rules may apply to designated Roth accounts under an employer-sponsored retirement plan. Consult your plan sponsor and tax advisor for more information on designated Roth accounts.

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**10% Additional Tax for Early Withdrawals from a Qualified Annuity**

You may owe a 10% additional tax on the taxable part of distributions received from an IRA, SEP, Roth IRA, TDA or qualified retirement plan. Amounts are not subject to this additional tax if:

● the amount is paid on or after you reach age 59½ or die;

● the amount received is attributable to your becoming disabled; or

● generally the amount paid or received is in the form of substantially equal periodic payments (as defined in the Code) not less frequently than annually. (Please note that substantially equal periodic payments must continue until the later of reaching age 59½ or five years. Certain modification of payments or additional contributions to the Annuity during that time period will result in retroactive application of the 10% additional tax.)

There are a number of other exceptions to this tax that may apply. In addition, distributions that satisfy certain exceptions to this tax may be repaid in certain circumstances. You should consult your tax advisor for further details.

**Withholding**

For 403(b) Tax Deferred annuities, we will withhold federal income tax at the rate of 20% for any eligible rollover distribution paid by us to or for a plan participant, unless such distribution is "directly" rolled over into another qualified plan, IRA (including the IRA variations described above), SEP, governmental 457(b) plan or TDA. An eligible rollover distribution is defined under the tax law as a distribution from an employer plan under 401(a), a TDA or a governmental 457(b) plan, excluding any distribution that is part of a series of substantially equal payments (at least annually) made over the life expectancy of the employee or the joint life expectancies of the employee and his designated Beneficiary, any distribution made for a specified period of 10 years or more, any distribution that is a required minimum distribution and any hardship distribution. Regulations also specify certain other items which are not considered eligible rollover distributions. We will not withhold for payments made from trustee owned Annuities or for payments under a 457 plan. For all other distributions, unless you elect otherwise, we will withhold federal income tax from the taxable portion of such distribution at an appropriate percentage. The rate of withholding on annuity payments where no mandatory withholding is required is determined on the basis of the withholding certificate that you file with us. If you do not file a certificate, we will automatically withhold federal taxes on the following basis:

● For any annuity payments not subject to mandatory withholding, you will have taxes withheld under the applicable default withholding rules; and

● For all other distributions, we will withhold at a 10% rate.

If no U.S. taxpayer identification number is provided, no election out of withholding will be allowed, and we will automatically withhold using the default withholding rules. In addition, if you are a U.S. person (which includes a resident alien), and you request a payment be delivered outside the U.S., we are required to withhold income tax.

We will provide you with forms and instructions concerning the right to elect that no amount be withheld from payments in the ordinary course. However, you should know that, in any event, you are liable for payment of federal income taxes (including any estimated tax liabilities) on the taxable portion of the distributions, and you should consult with your tax advisor to find out more information on your potential liability if you fail to pay such taxes. There may be additional state income tax withholding requirements.

Special tax rules apply to withholding for nonresident aliens, and we generally withhold income tax for nonresident aliens at a 30% rate. A different withholding rate may be applicable to a nonresident alien based on the terms of an existing income tax treaty between the United States and the nonresident alien's country.

**ERISA Requirements**

ERISA (the "Employee Retirement Income Security Act of 1974") and the Code prevent a fiduciary and other "parties in interest" with respect to a plan (and, for these purposes, an IRA would also constitute a "plan") from receiving any benefit from any party dealing with the plan, as a result of the sale of the Annuity. Administrative exemptions under ERISA generally permit the sale of insurance/annuity products to plans, provided that certain information is disclosed to the person purchasing the Annuity. This information has to do primarily with the fees, charges, discounts and other costs related to the Annuity, as well as any commissions paid to any agent selling the Annuity. Information about any applicable fees, charges, discounts, penalties or adjustments may be found in the applicable sections of this prospectus. Information about sales representatives and commissions may be found in the sections of this prospectus addressing distribution of the Annuities.

Other relevant information required by the exemptions is contained in the contract and accompanying documentation.

Please consult with your tax advisor if you have any questions about ERISA and these disclosure requirements.

**Spousal Consent Rules for Retirement Plans – Qualified Annuities**

If you are married at the time your payments commence, you may be required by federal law to choose an income option that provides survivor annuity income to your spouse, unless your spouse waives that right. Similarly, if you are married at the time of your death, federal law may require all or a portion of the Death Benefit to be paid to your spouse, even if you designated someone else as your Beneficiary. A brief explanation of the applicable rules follows. For more information, consult the terms of your retirement arrangement.

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*Defined Benefit Plans and Money Purchase Pension Plans.* If you are married at the time your payments commence, federal law requires that benefits be paid to you in the form of a "qualified joint and survivor annuity" (QJSA), unless you and your spouse waive that right, in writing. Generally, this means that you will receive a reduced payment during your life and, upon your death, your spouse will receive at least one-half of what you were receiving for life. You may elect to receive another income option if your spouse consents to the election and waives his or her right to receive the QJSA. If your spouse consents to the alternative form of payment, your spouse may not receive any benefits from the plan upon your death. Federal law also requires that the plan pay a Death Benefit to your spouse if you are married and die before you begin receiving your benefit. This benefit must be available in the form of an Annuity for your spouse's lifetime and is called a "qualified pre-retirement survivor annuity" (QPSA). If the plan pays Death Benefits to other Beneficiaries, you may elect to have a Beneficiary other than your spouse receive the Death Benefit, but only if your spouse consents to the election and waives his or her right to receive the QPSA. If your spouse consents to the alternate Beneficiary, your spouse will receive no benefits from the plan upon your death. Any QPSA waiver prior to your attaining age 35 will become null and void on the first day of the calendar year in which you attain age 35, if still employed.

*Defined Contribution Plans (including 401(k) Plans and ERISA 403(b) Annuities).* Spousal consent to a distribution is generally not required. Upon your death, your spouse will receive the entire Death Benefit, even if you designated someone else as your Beneficiary, unless your spouse consents in writing to waive this right. Also, if you are married and elect an Annuity as a periodic income option, federal law requires that you receive a QJSA (as described above), unless you and your spouse consent to waive this right.

*IRAs, non-ERISA 403(b) Annuities, and 457 Plans.* Spousal consent to a distribution usually is not required unless specifically required under the terms of the plan. Upon your death, any Death Benefit will be paid to your designated Beneficiary.

**ADDITIONAL CONSIDERATIONS**

**Reporting and Withholding for Escheated Amounts**

Revenue Rulings 2018-17 and 2020-24 provide that an amount transferred from an IRA or 401(a) qualified retirement plan to a state's unclaimed property fund is subject to federal income tax withholding at the time of transfer. The amount transferred is also subject to federal tax reporting. Consistent with these Rulings, we will withhold federal and state income taxes and report to the applicable Owner or Beneficiary as required by law when amounts are transferred to a state's unclaimed property fund. Non-qualified annuity contracts generally are subject to the same or similar federal income tax reporting and withholding requirements as IRAs and qualified retirement plans. As a result, we may determine in the future that we have an obligation to follow similar guidelines with respect to any amounts escheated from your Non-qualified Annuity.

**Gifts and Generation-skipping Transfers**

If you transfer your Annuity to another person for less than adequate consideration, there may be gift tax consequences in addition to income tax consequences. Also, if you transfer your Annuity to a person two or more generations younger than you (such as a grandchild or grandniece) or to a person that is more than 37½ years younger than you, there may be generation-skipping transfer tax consequences.

**Civil Unions and Domestic Partnerships**

U.S. Treasury Department regulations provide that for federal tax purposes, the term "spouse" does not include individuals (whether of the opposite sex or the same sex) who have entered into a registered domestic partnership, civil union, or other similar formal relationship that is not denominated as a marriage under the laws of the state where the relationship was entered into, regardless of domicile. As a result, if a Beneficiary of a deceased Owner and the Owner were parties to such a relationship, the Beneficiary will be required by federal tax law to take distributions from the Contract in the manner applicable to non-spouse Beneficiaries and will not be able to continue the Contract. Please consult with your tax or legal advisor before electing the Spousal Benefit for a civil union partner or domestic partner.

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**LEGAL PROCEEDINGS**

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As of the date of this prospectus, neither the Company nor the Registered Separate Account or Prudential Annuities Distributors, Inc. is a party to any material legal proceedings outside of the ordinary routine litigation incidental to the business. Although the Company and its affiliates are involved in pending and threatened legal proceedings in the normal course of its business, we do not anticipate that the outcome of any such legal proceedings will have a material adverse effect on the Registered Separate Account, or the Company's ability to meet its obligations under the Annuity, or the ability of Prudential Annuities Distributors, Inc. to meet its obligations related to the Annuity.

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**FINANCIAL STATEMENTS**

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The financial statements of the Registered Separate Account and Pruco Life are incorporated by reference in the Statement of Additional Information.

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**ADDITIONAL INFORMATION**

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**HOW WILL I RECEIVE STATEMENTS AND REPORTS?**

We send any statements and reports required by applicable law or regulation to you at your last known address of record. You should therefore give us prompt notice of any address change. We reserve the right, to the extent permitted by law and subject to your prior consent, to provide any prospectus, prospectus supplements, confirmations, statements and reports required by applicable law or regulation to you at <u>www.prudential.com/regdocs/PLAZ-PPI-STAT</u> or any other electronic means. We send a confirmation statement to you each time a transaction is made affecting Account Value, such as making subsequent Purchase Payments, transfers, exchanges or withdrawals. We also send quarterly statements detailing the activity affecting your Annuity during the calendar quarter. We may confirm regularly scheduled transactions, such as systematic withdrawals (including 72(t) payments) and bank drafting in quarterly statements instead of confirming them immediately. You should review the information in these statements carefully. You may request additional reports. We reserve the right to charge up to $50 for each such additional report.

Any errors or corrections on transactions for your Annuity must be reported to us at our Service Center as soon as possible to assure proper accounting to your Annuity. For transactions that are confirmed immediately, we assume all transactions are accurate unless you notify us otherwise within 30 days from the date you receive the confirmation. For transactions that are first confirmed on the quarterly statement, we assume all transactions are accurate unless you notify us within 30 days from the date you receive the quarterly statement. All transactions confirmed immediately or by quarterly statement are deemed conclusive after the applicable 30-day period. We may also send an annual report and a semi-annual report containing applicable financial statements for the Registered Separate Account and the Portfolios, as of December 31 and June 30, respectively, to Owners or, with your prior consent, make such documents available electronically through our website or other electronic means.

**HOW TO CONTACT US**

Please communicate with us using the telephone number and addresses below for the purposes described. Failure to send mail to the proper address may result in a delay in our receiving and processing your request.

<u>Prudential's Annuities Service Center</u>

Call our Customer Service Team at 1-888-PRU-2888 during normal business hours.

<u>Internet</u>

Access information about your Annuity at: [www.prudential.com/annuities](DUMMY_954_202_89)

<u>Correspondence Sent by Regular Mail</u>

Prudential Annuities Service Center

P.O. Box 7960

Philadelphia, PA 19176

<u>Correspondence Sent by Overnight</u><u><sup>\*</sup></u><u>, Certified or Registered Mail</u>

Prudential Annuities Service Center

1600 Malone Street

Millville, NJ 08332

\*Please note that overnight correspondence sent through the United States Postal Service may be delivered to the P.O. Box listed above, which could delay receipt of your correspondence at our Service Center. Overnight mail sent through other methods (e.g., Federal Express, United Parcel Service) will be delivered to the address listed below.

Correspondence sent by regular mail to our Service Center should be sent to the address shown above. Your correspondence will be picked up at this address and then delivered to our Service Center. Your correspondence is not considered received by us until it is received at our Service Center. Where this prospectus refers to the day when we receive a Purchase Payment, request, election, notice, transfer or any other transaction request from you, we mean the day on which that item (or the last requirement needed for us to process that item) arrives in complete and proper form at our Service Center or via the appropriate telephone or fax number if the item is a type we accept by those means. There are two main exceptions: if the item arrives at our Service Center (1) on a day that is not a business day, or (2) after the close of a business day, then, in each case, we are deemed to have received that item on the next business day.

You can obtain account information by calling our automated response system and at [<u>www.prudential.com/contact-us</u>](DUMMY_954_204_87), our website. Our Customer Service representatives are also available during business hours to provide you with information about your account. You can request certain transactions through our telephone voice response system, our website or through a customer service representative. You can provide authorization for a third party, including your attorney-in-fact acting pursuant to a power of attorney, to access your account information and perform certain transactions on your account. You will need to complete a form provided by us which identifies those transactions that you wish to authorize via telephonic and electronic

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means and whether you wish to authorize a third party to perform any such transactions. Please note that unless you tell us otherwise, we deem that all transactions that are directed by your financial professional with respect to your Annuity have been authorized by you. We require that you or your representative provide proper identification before performing transactions over the telephone or through our website. This may include a Personal Identification Number (PIN) that will be provided to you upon issue of your Annuity or you may establish or change your PIN by calling our automated response system and at [<u>www.prudential.com/contact-us</u>](DUMMY_954_206_85). Any third party that you authorize to perform financial transactions on your account will be assigned a PIN for your account.

Transactions requested via telephone are recorded. To the extent permitted by law, we will not be responsible for any claims, loss, liability or expense in connection with a transaction requested by telephone or other electronic means if we acted on such transaction instructions after following reasonable procedures to identify those persons authorized to perform transactions on your Annuity using verification methods which may include a request for your Social Security number, PIN or other form of electronic identification. We may be liable for losses due to unauthorized or fraudulent instructions if we did not follow such procedures.

Pruco Life does not guarantee access to telephonic, facsimile, Internet or any other electronic information or that we will be able to accept transaction instructions via such means at all times. Nor, due to circumstances beyond our control, can we provide any assurances as to the delivery of transaction instructions submitted to us by regular and/or express mail. Regular and/or express mail (if operational) will be the only means by which we will accept transaction instructions when telephonic, facsimile, Internet or any other electronic means are unavailable or delayed. Pruco Life reserves the right to limit, restrict or terminate telephonic, facsimile, Internet or any other electronic transaction privileges at any time.

PRUDENTIAL, THE PRUDENTIAL LOGO AND THE ROCK DESIGN ARE TRADEMARKS OF PRUDENTIAL FINANCIAL, INC. AND ITS RELATED ENTITIES, REGISTERED IN MANY JURISDICTIONS WORLDWIDE. USED UNDER LICENSE.

PRUDENTIAL PREMIER INVESTMENT VARIABLE ANNUITY ("B SERIES"), PRUDENTIAL PREMIER INVESTMENT VARIABLE ANNUITY ("C SERIES"), AND AST ARE SERVICE MARKS OR REGISTERED TRADEMARKS OF THE PRUDENTIAL INSURANCE COMPANY OF AMERICA AND ARE USED UNDER LICENSE BY ITS AFFILIATES.

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**APPENDIX A – INVESTMENT OPTIONS AVAILABLE UNDER THE CONTRACT**

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**Certain Investment Options may not be available through certain financial intermediaries. See** [**<u>Appendix D - Financial Intermediary Variations</u>**](#ref_chapter_21-sect1_1_954)**and the** [**<u>Cover Page</u>**](#ref_chapter_1-sect1_1_954) **for additional information.**

**Variable Options**

The following is the list of Portfolios available under the Contract. More information about the Portfolios is available in the prospectuses for the Portfolios, which may be amended from time to time and can be found online at <u>www.prudential.com/regdocs/PLAZ-PPI-STAT</u>. You can also request this information at no cost by calling 1-800-346-3778 or by sending an email to service@prudential.com. Depending on the optional benefits you choose, you may not be able to invest in certain Portfolio Companies.

The current expenses and performance information below reflects fee and expenses of the Portfolio, but do not reflect the other fees and expenses that your Contract may charge. Expenses would be higher, and performance would be lower if these other charges were included. The Portfolio's past performance is not necessarily an indication of future performance.

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|:---|:---|:---|:---|:---|
| **Fund Type**  | **Current**<br>**Expenses** | **Average Annual Total Returns**<br>**(as of 12/31/2025)** | **Average Annual Total Returns**<br>**(as of 12/31/2025)** | **Average Annual Total Returns**<br>**(as of 12/31/2025)** |
| **Fund Type**  | **Current**<br>**Expenses** | **1 Year** | **5 Year** | **10 Year** |
|  Allocation <br> American Funds Insurance Series<sup>®</sup> Asset Allocation Fund - Class 4<br>*Capital Research and Management Company*  | 0.79% | 15.59% | 8.70% | 9.50% |
|  Equity <br> American Funds Insurance Series<sup>®</sup> Capital World Growth and Income Fund<sup>®</sup> - Class 4<sup>♦</sup><br>*Capital Research and Management Company*  | 0.91% | 24.46% | 10.01% | 10.74% |
|  Equity <br> American Funds Insurance Series<sup>®</sup> EUPAC Fund - Class 4 (formerly American Funds Insurance Series International Fund - Class 4)<sup>♦</sup><br>*Capital Research and Management Company*  | 0.97% | 26.41% | 3.14% | 6.73% |
|  Equity <br> American Funds Insurance Series<sup>®</sup> Growth Fund - Class 4<br>*Capital Research and Management Company*  | 0.83% | 19.93% | 13.09% | 17.67% |
|  Equity <br> American Funds Insurance Series<sup>®</sup> Growth-Income Fund - Class 4<br>*Capital Research and Management Company*  | 0.78% | 17.77% | 13.62% | 13.63% |
|  Equity <br> American Funds Insurance Series<sup>®</sup> New World Fund<sup>®</sup> - Class 4<sup>♦</sup><br>*Capital Research and Management Company*  | 1.07% | 27.92% | 5.06% | 8.98% |
|  Equity <br> American Funds Insurance Series<sup>®</sup> SMALLCAP World Fund - Class 4 (formerly Amercian Funds Insurance Series Global Small Capitalization Fund - Class 4)<sup>♦</sup><br>*Capital Research and Management Company*  | 1.15% | 14.33% | 0.23% | 6.96% |
|  Fixed Income <br> American Funds Insurance Series<sup>®</sup> The Bond Fund of America<sup>®</sup> - Class 4<sup>♦</sup><br>*Capital Research and Management Company*  | 0.72% | 6.98% | -0.38% | 2.11% |
|  Equity <br> American Funds Insurance Series<sup>®</sup> Washington Mutual Investors Fund - Class 4<sup>♦</sup><br>*Capital Research and Management Company*  | 0.75% | 16.90% | 13.60% | 12.08% |
|  Fixed Income <br> AST Core Fixed Income Portfolio<sup>1</sup><br>*J.P. Morgan Investment Management Inc.*<br>*PGIM Fixed Income*<br>*PGIM Limited*<br>*Wellington Management Company LLP*  | 0.68% | 7.15% | -1.10% | 2.30% |

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Fund Type**  | **Portfolio Company and Advisor/Subadvisor** | **Current**<br>**Expenses** | **Average Annual Total Returns**<br>**(as of 12/31/2025)** | **Average Annual Total Returns**<br>**(as of 12/31/2025)** | **Average Annual Total Returns**<br>**(as of 12/31/2025)** |
| **Fund Type**  | **Portfolio Company and Advisor/Subadvisor** | **Current**<br>**Expenses** | **1 Year** | **5 Year** | **10 Year** |
|  Fixed Income  | AST Government Money Market Portfolio<sup>1</sup><br>*PGIM Fixed Income*  | 0.58% | 3.78% | 2.86% | 1.78% |
|  Equity  | AST International Equity Portfolio<sup>1</sup><br>*Jennison Associates LLC*<br>*J.P. Morgan Investment Management Inc.*<br>*Massachusetts Financial Services Company*<br>*PGIM Quantitative Solutions LLC*<br>*Putnam Investment Management LLC*  | 1.02% | 32.84% | 5.76% | 10.00% |
|  Equity  | AST Large-Cap Equity Portfolio<sup>1</sup><br>*ClearBridge Investments, LLC*<br>*Dimensional Fund Advisors LP*<br>*J.P. Morgan Investment Management Inc.*<br>*PGIM Quantitative Solutions LLC*  | 0.84% | 14.88% | 13.25% | 12.47% |
|  Equity  | AST Large-Cap Growth Portfolio<sup>1</sup><br>*Clearbridge Investments, LLC*<br>*Jennison Associates LLC*<br>*J.P. Morgan Investment Management Inc.*<br>*T. Rowe Price Associates, Inc.*<br>*Putnam Investment Management LLC*  | 0.87% | 17.06% | 11.35% | 16.27% |
|  Equity  | AST Large-Cap Value Portfolio<sup>1</sup><br>*ClearBridge Investments, LLC*<br>*Dimensional Fund Advisors LP*<br>*Hotchkis and Wiley Capital Management, LLC*<br>*J.P. Morgan Investment Management Inc.*<br>*Putnam Investment Management LLC*  | 0.81% | 16.05% | 12.97% | 11.35% |
|  Allocation  | AST Quantitative Modeling Portfolio<sup>1,</sup><sup>♦</sup><br>*PGIM Quantitative Solutions LLC*<br>*PGIM Fixed Income*<br>*PGIM Limited*<br>*Jennison Associates LLC*  | 1.06% | 14.76% | 7.62% | 8.65% |
|  Equity  | AST Small-Cap Equity Portfolio<sup>1</sup><br>*Boston Partners Global Investors, Inc.*<br>*Dimensional Fund Advisors LP*<br>*Driehaus Capital Management LLC*<br>*Hotchkis and Wiley Capital Management, LLC*<br>*TimesSquare Capital Management, LLC*  | 1.01% | 7.41% | 1.81% | 10.39% |
|  Equity  | BlackRock Advantage Large Cap Core V.I. Fund - Class III<sup>♦</sup><br>*BlackRock Advisors, LLC*  | 0.92% | 19.73% | 13.85% | 14.08% |
|  Equity  | BlackRock Advantage Large Cap Value V.I. Fund - Class III<sup>♦</sup><br>*BlackRock Advisors, LLC*  | 0.85% | 17.99% | 12.42% | 10.85% |
|  Equity  | BlackRock Basic Value V.I. Fund - Class III<sup>♦</sup><br>*BlackRock Advisors, LLC*  | 1.02% | 24.04% | 12.81% | 10.52% |
|  Equity  | BlackRock Capital Appreciation V.I. Fund - Class III<sup>♦</sup><br>*BlackRock Advisors, LLC*  | 1.04% | 11.77% | 10.50% | 15.32% |
|  Equity  | BlackRock Equity Dividend V.I. Fund - Class III<sup>♦</sup><br>*BlackRock Advisors, LLC*  | 0.93% | 21.32% | 11.45% | 11.01% |

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Fund Type**  | **Portfolio Company and Advisor/Subadvisor** | **Current**<br>**Expenses** | **Average Annual Total Returns**<br>**(as of 12/31/2025)** | **Average Annual Total Returns**<br>**(as of 12/31/2025)** | **Average Annual Total Returns**<br>**(as of 12/31/2025)** |
| **Fund Type**  | **Portfolio Company and Advisor/Subadvisor** | **Current**<br>**Expenses** | **1 Year** | **5 Year** | **10 Year** |
|  Allocation  | BlackRock Global Allocation V.I. Fund - Class III<sup>♦</sup><br>*BlackRock Advisors, LLC*<br>*BlackRock (Singapore) Limited*<br>*BlackRock International Limited*  | 1.01% | 19.51% | 5.51% | 7.33% |
|  Equity  | BlackRock Large Cap Focus Growth V.I. Fund - Class III<sup>♦</sup><br>*BlackRock Advisors, LLC*  | 1.02% | 11.48% | 10.19% | 15.98% |
|  Allocation  | Fidelity<sup>®</sup> Variable Insurance Products Balanced Portfolio - Service Class 2<br>*Fidelity Management & Research Company LLC*<br>*FMR Investment Management (UK) Limited*<br>*Fidelity Management & Research (Hong Kong) Limited*<br>*Fidelity Management & Research (Japan) Limited*  | 0.66% | 14.96% | 9.24% | 10.84% |
|  Equity  | Fidelity<sup>®</sup> Variable Insurance Products Contrafund<sup>®</sup> Portfolio - Service Class 2<br>*Fidelity Management & Research Company LLC*<br>*FMR Investment Management (UK) Limited*<br>*Fidelity Management & Research (Hong Kong) Limited*<br>*Fidelity Management & Research (Japan) Limited*  | 0.79% | 21.24% | 15.08% | 15.49% |
|  Equity  | Fidelity<sup>®</sup> Variable Insurance Products Growth Opportunities Portfolio - Service Class 2<br>*Fidelity Management & Research Company LLC*<br>*FMR Investment Management (UK) Limited*<br>*Fidelity Management & Research (Hong Kong) Limited*<br>*Fidelity Management & Research (Japan) Limited*  | 0.81% | 21.73% | 11.04% | 19.64% |
|  Equity  | Fidelity<sup>®</sup> Variable Insurance Products Health Care Portfolio - Service Class 2<br>*Fidelity Management & Research Company LLC*<br>*FMR Investment Management (UK) Limited*<br>*Fidelity Management & Research (Hong Kong) Limited*<br>*Fidelity Management & Research (Japan) Limited*  | 0.84% | 14.10% | 3.92% | N/A |
|  Equity  | MFS<sup>®</sup> International Growth Portfolio - Service Class<sup>♦</sup><br>*Massachusetts Financial Services Company*  | 1.13% | 20.81% | 6.80% | 9.60% |
|  Equity  | MFS<sup>®</sup> Investors Trust Series - Service Class<sup>♦</sup><br>*Massachusetts Financial Services Company*  | 0.99% | 13.32% | 11.06% | 12.21% |
|  Equity  | MFS<sup>®</sup> Massachusetts Investors Growth Stock Portfolio - Service Class<sup>♦</sup><br>*Massachusetts Financial Services Company*  | 0.97% | 9.61% | 9.74% | 13.98% |
|  Equity  | MFS<sup>®</sup> Mid Cap Growth Series - Service Class<sup>♦</sup><br>*Massachusetts Financial Services Company*  | 1.06% | 3.40% | 3.03% | 11.32% |
|  Equity  | MFS<sup>®</sup> New Discovery Series - Service Class<sup>♦</sup><br>*Massachusetts Financial Services Company*  | 1.12% | 12.56% | -0.54% | 10.46% |
|  Equity  | MFS<sup>®</sup> Research Series - Service Class<sup>♦</sup><br>*Massachusetts Financial Services Company*  | 0.99% | 12.57% | 10.87% | 12.65% |
|  Equity  | MFS<sup>®</sup> Technology Portfolio - Service Class<sup>♦</sup><br>*Massachusetts Financial Services Company*  | 1.07% | 16.28% | 12.17% | 18.35% |

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Fund Type**  | **Portfolio Company and Advisor/Subadvisor** | **Current**<br>**Expenses** | **Average Annual Total Returns**<br>**(as of 12/31/2025)** | **Average Annual Total Returns**<br>**(as of 12/31/2025)** | **Average Annual Total Returns**<br>**(as of 12/31/2025)** |
| **Fund Type**  | **Portfolio Company and Advisor/Subadvisor** | **Current**<br>**Expenses** | **1 Year** | **5 Year** | **10 Year** |
|  Fixed Income  | MFS<sup>®</sup> Total Return Bond Series - Service Class<sup>♦</sup><br>*Massachusetts Financial Services Company*  | 0.78% | 6.94% | -0.09% | 2.38% |
|  Allocation  | MFS<sup>®</sup> Total Return Series - Service Class<sup>♦</sup><br>*Massachusetts Financial Services Company*  | 0.86% | 10.91% | 6.16% | 7.36% |
|  Equity  | MFS<sup>®</sup> Utilities Series - Service Class<sup>♦</sup><br>*Massachusetts Financial Services Company*  | 1.03% | 14.76% | 7.38% | 9.22% |
|  Equity  | PSF Global Portfolio - Class III<sup>♦</sup><br>*PGIM Quantitative Solutions LLC*  | 0.98% | 21.73% | N/A | N/A |
|  Allocation  | PSF PGIM 50/50 Balanced Portfolio - Class III<br>*PGIM Fixed Income*<br>*PGIM Limited*<br>*PGIM Quantitative Solutions LLC*  | 0.83% | 11.89% | N/A | N/A |
|  Allocation  | PSF PGIM Flexible Managed Portfolio - Class III<br>*PGIM Fixed Income*<br>*PGIM Limited*<br>*PGIM Quantitative Solutions LLC*  | 0.87% | 12.87% | N/A | N/A |
|  Fixed Income  | PSF PGIM High Yield Bond Portfolio - Class III<sup>♦</sup><br>*PGIM Fixed Income*<br>*PGIM Limited*  | 0.82% | 8.71% | N/A | N/A |
|  Equity  | PSF PGIM Jennison Blend Portfolio - Class III<sup>♦</sup><br>*Jennison Associates LLC*  | 0.71% | 18.23% | N/A | N/A |
|  Equity  | PSF PGIM Jennison Growth Portfolio - Class III<sup>♦</sup><br>*Jennison Associates LLC*  | 0.85% | 13.98% | N/A | N/A |
|  Equity  | PSF PGIM Jennison Value Portfolio - Class III<br>*Jennison Associates LLC*  | 0.68% | 16.59% | N/A | N/A |
|  Fixed Income  | PSF PGIM Total Return Bond Portfolio - Class III<br>*PGIM Fixed Income*<br>*PGIM Limited*  | 0.68% | 7.53% | N/A | N/A |
|  Equity  | PSF Small-Cap Stock Index Portfolio - Class I<sup>‡</sup><br>*PGIM Quantitative Solutions LLC*  | 0.38% | 5.69% | 6.97% | 9.52% |
|  Equity  | PSF Small-Cap Stock Index Portfolio - Class III<br>*PGIM Quantitative Solutions LLC*  | 0.63% | 5.42% | N/A | N/A |
|  Equity  | PSF Stock Index Portfolio - Class I<sup>‡</sup><br>*PGIM Quantitative Solutions LLC*  | 0.28% | 17.56% | 14.09% | 14.51% |
|  Equity  | PSF Stock Index Portfolio - Class III<br>*PGIM Quantitative Solutions LLC*  | 0.53% | 17.27% | N/A | N/A |

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**The additional information below may be applicable to the Portfolios listed in the above table.**

Fidelity and Contrafund are registered marks of FMR LLC. Used with permission.

PGIM Fixed Income is a business unit of PGIM, Inc.

PGIM Investments LLC manages each of the Portfolios of The Prudential Series Fund (PSF).

PGIM Investments LLC manages each of the Portfolios of the Advanced Series Trust (AST). AST Investment Services, Inc. serves as co-manager, along with PGIM Investments LLC, to many of the Portfolios of AST.

PGIM Real Estate is a business unit of PGIM, Inc.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

1. **These Portfolios are also offered in other variable annuity contracts that utilize a predetermined mathematical formula to manage the guarantees offered in connection with** **optional benefits.** 

Those other variable annuity contracts offer certain optional living benefits that utilize a predetermined mathematical formula (the "formula") to manage the guarantees offered in connection with those optional benefits. The formula monitors each contract Owner's Account Value daily and, if necessary, will systematically transfer amounts among investment options. The formula transfers funds between the Variable Options for those variable annuity contracts and an AST Bond Portfolio Variable Option or a fixed account (those AST Bond Portfolios or a fixed account may not be available in connection with the annuity contracts offered through this prospectus). **You should be aware that the operation of the formula in those other variable annuity** **contracts may result in large-scale asset flows into and out of the underlying Portfolios that are available with your contract. These asset flows could adversely impact the** **underlying Portfolios, including their risk profile, expenses and performance**. Because transfers between the Variable Options and the AST Bond Variable Option or a fixed account can be frequent and the amount transferred can vary from day to day, any of the underlying Portfolios could experience the following effects, among others:

<sup>(a)</sup> a Portfolio's investment performance could be adversely affected by requiring a subadvisor to purchase and sell securities at inopportune times or by otherwise limiting the subadvisor's ability to fully implement the Portfolio's investment strategy;

<sup>(b)</sup> the subadvisor may be required to hold a larger portion of assets in highly liquid securities than it otherwise would hold, which could adversely affect performance if the highly liquid securities underperform other securities (e.g., equities) that otherwise would have been held; and

<sup>(c)</sup> a Portfolio may experience higher turnover and greater negative asset flows than it would have experienced without the formula, which could result in higher operating expense ratios and higher transaction costs for the Portfolio compared to other similar funds.

The efficient operation of the asset flows among Portfolios triggered by the formula depends on active and liquid markets. If market liquidity is strained, the asset flows may not operate as intended. For example, it is possible that illiquid markets or other market stress could cause delays in the transfer of cash from one Portfolio to another Portfolio, which in turn could adversely impact performance.

Before you allocate to the Variable Option with the AST Portfolios listed above, you should consider the potential effects on the Portfolios that are the result of the operation of the formula in the variable annuity contracts that are unrelated to your Variable Annuity. Please work with your financial professional to determine which Portfolios are appropriate for your needs.

♦ **This information includes annual expenses that reflect temporary or other fee reductions or waivers. Please see the Portfolio prospectus for additional information.** 

‡ The Portfolio has certain restrictions regarding availability for investment by Contract Owners as listed below.

<u>**<u>PSF Small-Cap Stock Index Portfolio - Class I</u>**</u><br>Effective April 26, 2021 was closed to all new investments except those made by contract Owners who had account value in the Portfolio on the effective date or at any time prior to the effective date.

<u>**<u>PSF Stock Index Portfolio - Class I</u>**</u><br>Effective April 26, 2021 was closed to all new investments except those made by contract Owners who had account value in the Portfolio on the effective date or at any time prior to the effective date.

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**Fixed Options**

The following is a list of DCA Market Value Adjustment Options currently available under the Contract. We may change the features of the DCA Market Value Adjustment Options listed below, offer new DCA Market Value Adjustment Options, and terminate existing DCA Market Value Adjustment Options. We will provide you with written notice before doing so. Depending on the optional benefits you choose, you may not be able to invest in the DCA Market Value Adjustment Options, as noted below. For more information about the DCA Market Value Adjustment Options, see "[Description of Insurance Company, Registered Separate Account, and Investment Options](#ref_chapter_7-sect1_1_954)" in the prospectus.

**Note. If amounts are withdrawn or transferred from a DCA Market Value Adjustment Option more than 30 days before the end of its Guarantee** **Period, we will apply a Market Value Adjustment. This may result in a significant reduction in your Account Value. For more information about** **the Market Value Adjustment, see "**[**<u>Charges and Adjustments</u>**](#ref_chapter_8-sect1_1_954)**" in the prospectus.**

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| | | |
|:---|:---|:---|
| **Name**  | **Term** | **Minimum Guaranteed Interest Rate\*** |
| DCA Market Value Adjustment Option  | 6 Month | 2.40% |
| DCA Market Value Adjustment Option  | 12 Month | 2.40% |

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\*The rates shown are the current Minimum Guaranteed Interest Rates for newly issued contracts. Your Minimum Guaranteed Interest Rate is the amount shown on your Contract and can vary by state. Please consult with your representative for availability and current rates.

**LIMITATIONS WITH THE OPTIONAL RETURN OF PURCHASE PAYMENTS DEATH BENEFIT**

If your Annuity was issued on or after August 24, 2015, these limitations do not apply. If your Annuity was issued before August 24, 2015, as a condition of electing the Return of Purchase Payments Death Benefit, we limit the Investment Options to which you may allocate your Account Value. If you elect the Return of Purchase Payments Death Benefit, only the following Investment Options and the DCA Market Value Adjustment Options are available to you which you may allocate your Account Value:

AST Quantitative Modeling Portfolio

PSF PGIM Flexible Managed Portfolio - Class III

PSF Small-Cap Stock Index Portfolio - Class I

PSF Stock Index Portfolio - Class I

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**APPENDIX B – SELECTING THE VARIABLE ANNUITY THAT'S RIGHT FOR YOU**

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Pruco Life Insurance Company offers two deferred variable annuity products in this prospectus. Both annuities, (B and C Series) have different features and benefits that may be appropriate for you based on your individual financial situation and how you intend to use the Annuity. Both of these Annuities may be available to you, depending on factors such as the broker-dealer through which your Annuity was sold. You can verify which of these Annuities is available to you by speaking to your Financial Professional or calling 1-888-PRU-2888.

Among the factors you should consider when choosing which annuity product and benefit may be most appropriate for your individual needs are the following:

● Your age;

● The amount of your initial Purchase Payment and any planned future Purchase Payments into the Annuity;

● How long you intend to hold the Annuity (also referred to as "investment time horizon");

● Your desire to make withdrawals from the Annuity and the timing of those withdrawals;

● Your investment objectives;

● The guarantees that an optional benefit may provide; and

● Your desire to minimize costs and/or maximize return associated with the Annuity.

You can compare the costs of the B Series and C Series by examining the section in this prospectus titled "[Fee Table](#ref_chapter_5-sect1_1_954)". There are trade-offs associated with the costs and benefits provided by both of the Series. The B Series has Contingent Deferred Sales Charge (CDSC) associated with it, while the C Series does not. The B Series provides a higher Surrender Value in long-term scenarios than the C Series. Because the C Series does not have a CDSC, it provides a higher Surrender Value in short-duration scenarios. In choosing which Series to purchase, you should consider the features and the associated costs that offer the greatest value to you including the different ongoing fees and charges you pay to stay in the Annuity.

The following chart outlines some of the different features for each Annuity sold through this prospectus. The availability of an optional benefit, such as the one noted in the chart, will increase the total cost of the Annuity. You should carefully consider which features you plan to use when selecting your Annuity, and the impact of such features in relation to your investment objectives and which share class may be most appropriate for you.

To demonstrate the impact of the various expense structures, the hypothetical examples on the following pages reflect the Account Value and Surrender Value of each Annuity over a variety of holding periods. These charts reflect the impact of different hypothetical rates of return and the comparable value of each of the Annuities (which reflects the charges associated with each Annuity) under the assumptions noted.

**Pruco Comparison.**

Below is a summary of the Prudential Premier Investment Variable Annuity B and C Series sold through this prospectus. Your registered Financial Professional can provide you with the summary prospectuses or statutory prospectuses for the underlying Portfolios and can guide you through "Selecting the Annuity That's Right For You" and help you decide upon the Annuity that would be most advantageous for you given your individual needs. Please read the prospectus carefully before investing. The Company does not make recommendations or provide investment advice.

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| | | |
|:---|:---|:---|
|  **Annuity Comparison**  | **B Series** | **C Series** |
|  Minimum Investment  | $10000 | $10000 |
|  Maximum Issue Age  | 85 | 85 |
|  Maximum Issue Age (Return of Purchase Payments Death Benefit)  | 79 | 79 |
|  Contingent Deferred Sales Charge Schedule (Based on date of each purchase payment) May vary by state  | 7 Years (signed before 8/8/2016)<br>(7%, 7%, 6%, 6%, 5%, 4%, 3%, 0%) <br>5 Years (signed on or after 8/8/2016)<br>(7%, 7%, 6%, 6%, 5%, 0%) |  |
|  Account Value Based Insurance Charge  | 0.48% for contracts issued on or after September 16, 2019<br>0.55% for contracts issued before September 16, 2019 | 0.68% |
|  Premium Based Insurance Charge (Annual Equivalent)  | 0.47% for contracts issued on or after September 16, 2019<br>0.55% for contracts issued before September 16, 2019 | 0.67% |

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| | | |
|:---|:---|:---|
|  **Annuity Comparison**  | **B Series** | **C Series**  |
|  Optional Return of Purchase Payments Death Benefit (Total Annual Charge)  | For contracts issued on or after August 24, 2015<br>0.17% Premium Based and<br>0.18% Account Value Based <br>For contracts issued prior to August 24, 2015<br>0.15% Premium Based and <br>0.15% Account Value Based | For contracts issued on or after August 24, 2015<br>0.17% Premium Based and<br>0.18% Account Value Based <br>For contracts issued prior to August 24, 2015<br>0.15% Premium Based and <br>0.15% Account Value Based |
|  **Annuity Comparison**  | **B Series** | **C Series** |
|  Annual Maintenance Fee  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Lesser of:<br> $50, or<br>2% of Unadjusted Account Value<br>Waived for Purchase Payments equal to, or greater than $100,000<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Lesser of:<br> $50, or<br>2% of Unadjusted Account Value<br>Waived for Purchase Payments equal to, or greater than $100,000<br>|
|  MVA Options  | 6 and 12 month<br>DCA MVA options; | 6 and 12 month<br>DCA MVA options; |
|  Variable Options (For Annuities issued prior to August 24, 2015, not all options available if you elect the Return of Purchase Payments Death Benefit)  | Advanced Series Trust<br>BlackRock Variable Series Funds, Inc.<br>JP Morgan Insurance Trust | Advanced Series Trust<br>BlackRock Variable Series Funds, Inc.<br>JP Morgan Insurance Trust |
|  Basic Death Benefit  | Unadjusted Account Value | Unadjusted Account Value |
|  Optional Death Benefit (Return of Purchase Payments Death Benefit)  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Greater of:<br> Purchase Payments minus proportional withdrawals; and<br>Unadjusted Account Value<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Greater of:<br> Purchase Payments minus proportional withdrawals; and<br>Unadjusted Account Value<br>|

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**HYPOTHETICAL ILLUSTRATION**

The following examples outline the value of each Annuity as well as the amount that would be available to an investor as a full surrender. We assume the surrender is taken on the day immediately prior to the surrender charge change that precedes the Annuity Anniversary specified (or, two days before the Annuity Anniversary specified). The "Annuity Anniversary" is the anniversary of the Issue Date of the Annuity. The values shown below are based on the following assumptions: An initial investment of $100,000 is made into each Annuity earning a gross rate of return of 0% and 6% and 10%, respectively.

The examples further assume that no subsequent Purchase Payments or withdrawals are made from the Annuity. See "[Charges](#ref_chapter_8-sect1_1_954)" for more detail on the charges used in the hypothetical illustration below.

The Account Value assumes no surrender, while the Surrender Value assumes a 100% surrender two days prior to the Annuity Anniversary, as described above, therefore reflecting the CDSC applicable to that Annuity Year. Note that a withdrawal on the Annuity Anniversary, or the day before the Annuity Anniversary, would be subject to the CDSC applicable to the next Annuity Year, which may be lower. The CDSC is calculated based on the date that the Purchase Payment was made and for purposes of these examples, we assume that a single Purchase Payment of $100,000 was made on the Issue Date. The values that you actually experience under an Annuity will be different from what is depicted here if any of the assumptions we make here differ from your circumstances, however the relative values for each Annuity reflected below will remain the same. (We will provide your Financial Professional with a personalized illustration upon request).

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**0% Gross Rate of Return**

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| | | | | |
|:---|:---|:---|:---|:---|
| **Annuity**<br>**Year**  | **B series**<br>**Net rate of return** | **B series**<br>**Net rate of return** | **C series**<br>**Net rate of return** | **C series**<br>**Net rate of return** |
| **Annuity**<br>**Year**  | **All years** | **-2.01%** | **All years** | **-2.52%** |
| **Annuity**<br>**Year**  | **Contract Value** | **Surrender Value** | **Contract Value** | **Surrender Value** |
| 1  | $98117 | $91117 | $97720 | $97720 |
| 2  | $96261 | $89261 | $95478 | $95478 |
| 3  | $94431 | $88431 | $93271 | $93271 |
| 4  | $92626 | $86626 | $91100 | $91100 |
| 5  | $90848 | $85848 | $88964 | $88964 |
| 6  | $89094 | $89094 | $86863 | $86863 |
| 7  | $87366 | $87366 | $84795 | $84795 |
| 8  | $85662 | $85662 | $82761 | $82761 |
| 9  | $83982 | $83982 | $80760 | $80760 |
| 10  | $82325 | $82325 | $78790 | $78790 |
| 11  | $80692 | $80692 | $76853 | $76853 |
| 12  | $79083 | $79083 | $74947 | $74947 |
| 13  | $77496 | $77496 | $73072 | $73072 |
| 14  | $75931 | $75931 | $71227 | $71227 |
| 15  | $74389 | $74389 | $69411 | $69411 |
| 16  | $72869 | $72869 | $67625 | $67625 |
| 17  | $71370 | $71370 | $65868 | $65868 |
| 18  | $69892 | $69892 | $64140 | $64140 |
| 19  | $68435 | $68435 | $62439 | $62439 |
| 20  | $66999 | $66999 | $60765 | $60765 |
| 21  | $65583 | $65583 | $59119 | $59119 |
| 22  | $64187 | $64187 | $57499 | $57499 |
| 23  | $62811 | $62811 | $55905 | $55905 |
| 24  | $61455 | $61455 | $54337 | $54337 |
| 25  | $60117 | $60117 | $52794 | $52794 |

---

**Assumptions:**

---

| | |
|:---|:---|
| <sup>a.</sup> | $100,000 Initial Investment |

---

---

| | |
|:---|:---|
| <sup>b.</sup> | Fund Expenses = 1.00%<sup>\*</sup> |

---

<sup>c.</sup> No optional death benefits or living benefits elected

<sup>d.</sup> Annuity was issued on or after September 15, 2019

<sup>e.</sup> Surrender value assumes surrender 2 days before policy anniversary

The shaded values indicate the highest Surrender Values in that year based on the stated assumptions. Assuming a 0% gross annual return, the C Series has the highest Surrender Value in the first 5 Annuity Years and the B Series has the highest Surrender Value starting in Annuity Year 6.

\* The fund expense is hypothetical, based on long term averages which can vary from time to time.

------

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**6% Gross Rate of Return**

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Annuity**<br>**Year**  | **B series**<br>**Net rate of return** | **B series**<br>**Net rate of return** | **C series**<br>**Net rate of return** | **C series**<br>**Net rate of return** |
| **Annuity**<br>**Year**  | **All years** | **4.19%** | **All years** | **3.84%** |
| **Annuity**<br>**Year**  | **Contract Value** | **Surrender Value** | **Contract Value** | **Surrender Value** |
| 1  | $104022 | $97022 | $103609 | $103609 |
| 2  | $108225 | $101225 | $107373 | $107373 |
| 3  | $112617 | $106617 | $111299 | $111299 |
| 4  | $117207 | $111207 | $115392 | $115392 |
| 5  | $122003 | $117003 | $119662 | $119662 |
| 6  | $127015 | $127015 | $124114 | $124114 |
| 7  | $132252 | $132252 | $128758 | $128758 |
| 8  | $137726 | $137726 | $133601 | $133601 |
| 9  | $143445 | $143445 | $138651 | $138651 |
| 10  | $149422 | $149422 | $143919 | $143919 |
| 11  | $155668 | $155668 | $149412 | $149412 |
| 12  | $162195 | $162195 | $155141 | $155141 |
| 13  | $169015 | $169015 | $161115 | $161115 |
| 14  | $176143 | $176143 | $167346 | $167346 |
| 15  | $183591 | $183591 | $173844 | $173844 |
| 16  | $191375 | $191375 | $180621 | $180621 |
| 17  | $199508 | $199508 | $187689 | $187689 |
| 18  | $208008 | $208008 | $195060 | $195060 |
| 19  | $216890 | $216890 | $202747 | $202747 |
| 20  | $226172 | $226172 | $210764 | $210764 |
| 21  | $235871 | $235871 | $219124 | $219124 |
| 22  | $246007 | $246007 | $227844 | $227844 |
| 23  | $256599 | $256599 | $236937 | $236937 |
| 24  | $267668 | $267668 | $246421 | $246421 |
| 25  | $279234 | $279234 | $256311 | $256311 |

---

**Assumptions:**

---

| | |
|:---|:---|
| <sup>a.</sup> | $100,000 Initial Investment |

---

---

| | |
|:---|:---|
| <sup>b.</sup> | Fund Expenses = 1.00%<sup>\*</sup> |

---

<sup>c.</sup> No optional death benefits or living benefits elected

<sup>d.</sup> Annuity was issued on or after September 15, 2019

<sup>e.</sup> Surrender value assumes surrender 2 days before policy anniversary

The shaded values indicate the highest Surrender Values in that year based on the stated assumptions. Assuming a 6% gross annual return, the C Series has the highest Surrender Value in the first 5 Annuity Years and the B Series has the highest Surrender Value starting in Annuity Year 6.

\* The fund expense is hypothetical, based on long term averages which can vary from time to time.

------

[Back to **Table of Contents**](#TOC_954)

**10% Gross Rate of Return**

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Annuity**<br>**Year**  | **B series**<br>**Net rate of return** | **B series**<br>**Net rate of return** | **C series**<br>**Net rate of return** | **C series**<br>**Net rate of return** |
| **Annuity**<br>**Year**  | **All years** | **8.22%** | **All years** | **7.9%** |
| **Annuity**<br>**Year**  | **Contract Value** | **Surrender Value** | **Contract Value** | **Surrender Value** |
| 1  | $107959 | $100959 | $107535 | $107535 |
| 2  | $116589 | $109589 | $115690 | $115690 |
| 3  | $125949 | $119949 | $124516 | $124516 |
| 4  | $136099 | $130099 | $134068 | $134068 |
| 5  | $147105 | $142105 | $144405 | $144405 |
| 6  | $159041 | $159041 | $155593 | $155593 |
| 7  | $171985 | $171985 | $167700 | $167700 |
| 8  | $186022 | $186022 | $180804 | $180804 |
| 9  | $201243 | $201243 | $194986 | $194986 |
| 10  | $217751 | $217751 | $210334 | $210334 |
| 11  | $235651 | $235651 | $226945 | $226945 |
| 12  | $255064 | $255064 | $244922 | $244922 |
| 13  | $276115 | $276115 | $264377 | $264377 |
| 14  | $298944 | $298944 | $285433 | $285433 |
| 15  | $323700 | $323700 | $308221 | $308221 |
| 16  | $350546 | $350546 | $332884 | $332884 |
| 17  | $379660 | $379660 | $359574 | $359574 |
| 18  | $411231 | $411231 | $388461 | $388461 |
| 19  | $445468 | $445468 | $419723 | $419723 |
| 20  | $482596 | $482596 | $453557 | $453557 |
| 21  | $522858 | $522858 | $490174 | $490174 |
| 22  | $566521 | $566521 | $529803 | $529803 |
| 23  | $613869 | $613869 | $572691 | $572691 |
| 24  | $665216 | $665216 | $619107 | $619107 |
| 25  | $720898 | $720898 | $669342 | $669342 |

---

**Assumptions:**

---

| | |
|:---|:---|
| <sup>a.</sup> | $100,000 Initial Investment |

---

---

| | |
|:---|:---|
| <sup>b.</sup> | Fund Expenses = 1.00%<sup>\*</sup> |

---

<sup>c.</sup> No optional death benefits or living benefits elected

<sup>d.</sup> Annuity was issued on or after September 15, 2019

<sup>e.</sup> Surrender value assumes surrender 2 days before policy anniversary

The shaded values indicate the highest Surrender Values in that year based on the stated assumptions. Assuming a 10% gross annual return, the C Series has the highest Surrender Value in the first 5 Annuity Years and the B Series has the highest Surrender Value starting in Annuity Year 6.

\* The fund expense is hypothetical, based on long term averages which can vary from time to time.

------

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**APPENDIX C – SPECIAL CONTRACT PROVISIONS FOR ANNUITIES ISSUED IN CERTAIN STATES** 

------

Certain features of your Annuity may be different than the features described in this prospectus, if your Annuity is issued in certain states described below. Further variations may arise in connection with additional state reviews.

---

| | |
|:---|:---|
|  **Jurisdiction**  | **State Variations** |
|  California  | Contingent Deferred Sales Charge is referred to as the Surrender Charge.<br>In the "[General Description of Contracts](#ref_chapter_9-sect1_1_954)" section of this prospectus, under "[Change of Owner, Annuitant and Beneficiary Designations](#ref_chapter_9-sect1_2_954)," there are no restrictions on ownership changes or assignments. However, your right to assign, transfer or pledge the Annuity for a loan may be limited if the Annuity is used as an Individual Retirement Annuity ("IRA") or other qualified investment that is given beneficial tax treatment under the Code.<br>In the "[Surrenders and Withdrawals](#ref_chapter_13-sect1_1_954)" section of this prospectus, under "[Medically-Related Surrenders](#ref_chapter_13-sect1_9_954)," the Medically Related Surrender is not available.<br>In the "[Benefits Available Under the Contract](#ref_chapter_11-sect1_1_954)" section of this prospectus, under "[The Return of Purchase Payments Death Benefit,](#ref_chapter_11-sect1_3_954)" for purposes of electing and maintaining the Return of Purchase Payments Death Benefit, the Owner, if a natural person, must also be the Annuitant. You may not designate Joint Owners if you elect this optional death benefit. Changes to the Owner or Annuitant may result in the termination of the Return of Purchase Payment Death Benefit. Also, the death benefit suspension period applies if there is a change of Annuitant more than 60 days after the Issue Date of your Annuity.<br>In the "[Triggers for Payment of the Death Benefit](#ref_chapter_11-sect1_2_954)" section of this prospectus, "Due Proof of Death" is met when the documentation we receive upon death evidences proof of death and the eligible Beneficiary identification. |
|  Connecticut  | The Liquidity Factor used in the Market Value Adjustment and DCA formulas equals zero (0).<br>In the "[General Description of Contracts](#ref_chapter_9-sect1_1_954)" section of this prospectus, under "[Change of Owner, Annuitant and Beneficiary Designations](#ref_chapter_9-sect1_2_954)," the reserved right to reject ownership changes only applies if the proposed new owner is a structured settlement company or institutional investor. |
|  Florida  | In the "Annuity Period" section of this prospectus, there is a one year waiting period for Annuitization.<br>In the "[Charges](#ref_chapter_8-sect1_1_954)," section of this prospectus under "Contingent Deferred Sales Charge ("CDSC" (For B Series Only)," with respect to those who are 65 years or older on the date of purchase, in no event will the Contingent Deferred Sales Charge exceed 10% in accordance with Florida law.<br>In the "[General Description of Contracts](#ref_chapter_9-sect1_1_954)" section of this prospectus, under "[Change of Owner, Annuitant and Beneficiary Designations](#ref_chapter_9-sect1_2_954)," the right to assign, transfer or pledge the Annuity for a loan may be limited if the Annuity is used as an Individual Retirement Annuity ("IRA") or other qualified investment that is given beneficial tax treatment under the Code. |
|  Maryland  | In the "[Purchases and Contract Value](#ref_chapter_12-sect1_1_954)" section of this prospectus, there is no restriction on limiting or rejecting certain Purchase Payments.<br>In the "[General Description of Contracts](#ref_chapter_9-sect1_1_954)" section of this prospectus under "[Transfer and Rebalancing Programs](#ref_chapter_9-sect1_4_954)" the 6 or 12 Month DCA Market Value Adjustment Options are not available for contracts issued on or after March 18, 2024. |
|  Massachusetts  | The Liquidity Factor used in the Market Value Adjustment and DCA formulas equals zero (0).<br>In the "[Surrenders and Withdrawals](#ref_chapter_13-sect1_1_954)" section of this prospectus, under "[Medically-Related Surrenders](#ref_chapter_13-sect1_9_954)," Medically-Related Surrenders are not available. |
|  Montana  | In the "Annuity Period" section of this prospectus, the annuity rates we use to calculate annuity payments are available only on a gender-neutral basis under any annuity option. |
|  New Jersey  | In the "[General Description of Contracts](#ref_chapter_9-sect1_1_954)" section of this prospectus, under "[Change of Owner, Annuitant and Beneficiary Designations](#ref_chapter_9-sect1_2_954)," the reserved right to reject ownership changes and assignments only applies if the proposed new Owner is a structured settlement company or institutional investor. |
|  New Mexico  | In the "[Charges and Adjustments](#ref_chapter_8-sect1_1_954)" section of this prospectus under "[Tax Charge](#ref_chapter_8-sect1_1_954)," no premium taxes apply to annuities issued in New Mexico. |
|  North Carolina  | In the "[Charges and Adjustments](#ref_chapter_8-sect1_1_954)" section of this prospectus under "[Tax Charge](#ref_chapter_8-sect1_1_954)," no premium taxes apply to annuities issued in North Carolina. |
|  Ohio  | The Liquidity Factor used in the Market Value Adjustment/DCA formula equals zero (0). For a complete description of our 6 or 12 Month DCA Program, please see the separate Market Value Adjusted Fixed Allocation Investment Option prospectus, which you can receive by calling us at 1-888-778-2888. |
|  Oregon  | In the "[General Description of Contracts](#ref_chapter_9-sect1_1_954)" section of this prospectus under [Transfer and Rebalancing Programs](#ref_chapter_9-sect1_4_954)," the 6 or 12 Month DCA Market Value Adjustment Options are not available.<br>In the "[Charges and Adjustments](#ref_chapter_8-sect1_1_954)" section of this prospectus under [Tax Charge](#ref_chapter_8-sect1_1_954)," no premium taxes apply to annuities issued in Oregon.<br>In the "[General Description of Contracts](#ref_chapter_9-sect1_1_954)" section of this prospectus, under "[Change of Owner, Annuitant and Beneficiary Designations](#ref_chapter_9-sect1_2_954)," there is no reserved right to reject any transfer, assignment or pledge, but the right to transfer, assign or pledge the Annuity may be limited depending on the use of the Annuity. |

---

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---

| | |
|:---|:---|
|  **Jurisdiction**  | **State Variations**  |
|  Texas  | In the "[Purchases and Contract Value](#ref_chapter_12-sect1_1_954)" section of this prospectus under "Beneficiary Annuity," the Beneficiary Annuity is not available in Texas.<br>In the "Annuity Period" section of this prospectus, the minimum annuity payment is $20.<br>In the "[General Description of Contracts](#ref_chapter_9-sect1_1_954)" section of this prospectus, under "[Change of Owner, Annuitant and Beneficiary Designations](#ref_chapter_9-sect1_2_954)," there is no reserved right to reject any transfer, assignment or pledge, but the right to transfer, assign or pledge the Annuity may be limited depending on the use of the Annuity.<br>In the "[Charges](#ref_chapter_8-sect1_1_954)" section of this prospectus under "Tax Charge," no premium taxes apply to annuities issued in Texas. |
|  Washington  | In the "[General Description of Contracts](#ref_chapter_9-sect1_1_954)" section of this prospectus under "[Transfer and Rebalancing Programs](#ref_chapter_9-sect1_4_954)," the 6 and 12 Month DCA Market Value Adjustment Options are not available. |

---

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**Appendix D - Financial Intermediary Variations**

------

This Appendix describes variations in the availability of Investment Options, Contract benefits, and other Contract features described in this prospectus – including restrictions, limitations, and other variations – which may apply depending on the investment advisor or broker-dealer through which the Contract is sold.

---

| | |
|:---|:---|
|  **Broker-Dealer**  | **Variation** |
| &nbsp;&nbsp;&nbsp;&nbsp; Truist Investment Services  | &nbsp;&nbsp;&nbsp;&nbsp; Only Non-qualified funds are permitted for new sales.<br>|
| &nbsp;&nbsp;&nbsp;&nbsp; PNC Wealth Management  | &nbsp;&nbsp;&nbsp;&nbsp; Only Non-qualified funds are permitted for new sales.<br>|
| &nbsp;&nbsp;&nbsp;&nbsp; Cetera Advisors  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Only B Series products are permitted for new sales.<br>The Return of Purchase Payments Death Benefit must be elected for new sales of Qualified contracts.<br>|
| &nbsp;&nbsp;&nbsp;&nbsp; Citigroup Global Markets  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Certain fund restrictions may apply.<br>The Maximum Issue Age is 65 for contracts without the Return of Purchase Payments Death Benefit.<br>The Maximum Issue Age is 79 if the Return of Purchase Payments Death Benefit is elected.<br>Qualified funds are only permitted for new sales if the Return of Purchase Payments Death Benefit is elected.<br>Only B Series products are permitted for new sales.<br>|
| &nbsp;&nbsp;&nbsp;&nbsp; Commonwealth Financial  | &nbsp;&nbsp;&nbsp;&nbsp; The Return of Purchase Payments Death Benefit must be elected for new sales of Qualified contracts.<br>|
| &nbsp;&nbsp;&nbsp;&nbsp; Key Investment Services  | &nbsp;&nbsp;&nbsp;&nbsp; Only Non-qualified funds are permitted for new sales.<br>|
| &nbsp;&nbsp;&nbsp;&nbsp; LPL  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Only Non-qualified funds are permitted for new sales.<br>The Return of Purchase Payments Death Benefit must be elected for new sales of Qualified contracts.<br>|
| &nbsp;&nbsp;&nbsp;&nbsp; LPL-E  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Only Non-qualified funds are permitted for new sales.<br>The Return of Purchase Payments Death Benefit is not permitted.<br>|
| &nbsp;&nbsp;&nbsp;&nbsp; M Holdings Securities  | &nbsp;&nbsp;&nbsp;&nbsp; Only Non-qualified funds are permitted for new sales.<br>|
| &nbsp;&nbsp;&nbsp;&nbsp; Morgan Stanley  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Only Non-qualified funds are permitted for new sales.<br>The Maximum Issue Age is 70.<br>The Return of Purchase Payments Death Benefit is not permitted.<br>|
| &nbsp;&nbsp;&nbsp;&nbsp; OFG Financial Services  | &nbsp;&nbsp;&nbsp;&nbsp; Only Non-qualified funds are permitted for new sales.<br>|
| &nbsp;&nbsp;&nbsp;&nbsp; OneAmerica Securities  | &nbsp;&nbsp;&nbsp;&nbsp; Only Non-qualified funds are permitted for new sales.<br>|
| &nbsp;&nbsp;&nbsp;&nbsp; OSAIC  | &nbsp;&nbsp;&nbsp;&nbsp; Qualified funds are only permitted for new sales if the Return of Purchase Payments Death Benefit is elected.<br>|
| &nbsp;&nbsp;&nbsp;&nbsp; Santander  | &nbsp;&nbsp;&nbsp;&nbsp; Only B Series products are permitted for new sales.<br>|
| &nbsp;&nbsp;&nbsp;&nbsp; Transamerica  | &nbsp;&nbsp;&nbsp;&nbsp; Only Non-qualified funds are permitted for new sales.<br>|
| &nbsp;&nbsp;&nbsp;&nbsp; UBS Financial Services  | &nbsp;&nbsp;&nbsp;&nbsp; The Return of Purchase Payments Death Benefit must be elected for new sales of Qualified contracts.<br>|
| &nbsp;&nbsp;&nbsp;&nbsp; United Brokerage Services  | &nbsp;&nbsp;&nbsp;&nbsp; Only Non-qualified funds are permitted for new sales.<br>|
| &nbsp;&nbsp;&nbsp;&nbsp; Voya  | &nbsp;&nbsp;&nbsp;&nbsp; Only Non-qualified funds are permitted for new sales.<br>|

---

Please note that there may be other variations not included in the Appendix or otherwise described in this prospectus. Variations may be imposed by some investment advisors or broker-dealers without our knowledge. For example, your financial professional may not recommend a particular Investment Option or Contract benefit to you because of a decision by the Financial Professional's broker-dealer not to offer that investment option or benefit to its customers. We have identified all financial intermediary variations that are known or reasonably available to us.

However, taking into consideration the breadth of our distribution network, we cannot obtain information about any other financial intermediary variations without unreasonable effort or expense.

**You should discuss with your financial professional any limitations, restrictions, or other variations related to the Investment Options,** **Contract benefits, or other Contract features available to you through your financial professional.**

------

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**MAILING**

------

This prospectus describes the important features of the Annuity and provides information about Pruco Life Insurance Company ("Pruco Life", "we", "our", "the Company", or "us") and the Pruco Life Flexible Premium Variable Annuity Account (Separate Account).

We have filed with the Securities and Exchange Commission ("SEC") a Statement of Additional Information (SAI), dated May 1, 2026 that includes additional information about the Annuity, Pruco Life and the Separate Account. The SAI is incorporated by reference into this prospectus. The SAI is available from us, without charge, upon request. To request a copy of the SAI, to ask about your Annuity, or to make other investor inquiries, please call 1-888-PRU-2888.

We file periodic reports and other information about the Annuity and the Separate Account as required under the federal securities laws. Those reports and other information about us are available on the SEC's website at [www.sec.gov](DUMMY_954_290_1), and copies of reports and other information may be obtained, upon payment of a duplicating fee, by electronic request at the following email address: publicinfo@sec.gov.

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![image](pr954img001.jpg)

The Prudential Insurance Company of America

751 Broad Street

Newark, NJ 07102-3777

Edgar Contract Identifier: C000137228, C000264556 PPIVAPROS

------

**PRUDENTIAL PREMIER INVESTMENT VARIABLE ANNUITY ("B SERIES")**

**PRUDENTIAL PREMIER INVESTMENT VARIABLE ANNUITY ("C SERIES")**

Flexible Premium Deferred Annuity

("Annuity" or "Contract")

**STATEMENT OF ADDITIONAL** **INFORMATION:MAY** **1,** **2026**

**PRUCO LIFE INSURANCE COMPANY**

("Pruco Life", "we", "our", the "Company", or "us")

**PRUCO LIFE FLEXIBLE PREMIUM VARIABLE ANNUITY ACCOUNT**

(the "Separate Account")

THIS STATEMENT OF ADDITIONAL INFORMATION IS NOT A PROSPECTUS. THE PROSPECTUS(ES) DATED MAY 1, 2026 CONTAIN(S) INFORMATION THAT YOU SHOULD CONSIDER BEFORE INVESTING. FOR A COPY OF THE PROSPECTUS(ES) SEND A WRITTEN REQUEST TO PRUDENTIAL ANNUITIES SERVICE CENTER, P.O. BOX 7960, PHILADELPHIA, PA 19176 OR TELEPHONE 1-888-PRU-2888. YOU MAY ACCESS THE PROSPECTUS(ES) ON OUR WEBSITE AT THE LINK(S) BELOW.

**Table of Contents**

---

| | |
|:---|:---|
|  | **PAGE** |
| [GENERAL INFORMATION](#ref_chapter_2_982)  | [2](#ref_chapter_2_982)  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [Pruco Life Insurance Company](#ref_chapter_2-sect1_1_270044_982)  | [2](#ref_chapter_2-sect1_1_270044_982)  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [Pruco Life Flexible Premium Variable Annuity Account](#ref_chapter_2-sect1_2_270045_982)  | [2](#ref_chapter_2-sect1_2_270045_982)  |
| [SERVICE PROVIDERS](#ref_chapter_3_982)  | [2](#ref_chapter_3_982)  |
| [CONTRACT ADJUSTMENTS](#ref_chapter_4_982)  | [2](#ref_chapter_4_982)  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [Market Value Adjustment Formula & Examples](#ref_chapter_4-sect1_1_905692_982)  | [2](#ref_chapter_4-sect1_1_905692_982)  |
| [PRINCIPAL UNDERWRITER/DISTRIBUTOR - PRUDENTIAL ANNUITIES DISTRIBUTORS, INC.](#ref_chapter_5_982)  | [4](#ref_chapter_5_982)  |
| [MISSTATEMENT OF AGE OR SEX](#ref_chapter_6_982)  | [8](#ref_chapter_6_982)  |
| [FINANCIAL STATEMENTS](#ref_chapter_7_982)  | [8](#ref_chapter_7_982)  |

---

Prudential Premier Investment Variable Annuity: C000137228, C000264556 www.prudential.com/regdocs/PLAZ-PPI-STAT

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**GENERAL INFORMATION**

**Pruco Life Insurance Company**

Pruco Life Insurance Company ("Pruco Life") is a stock life insurance company organized in 1971 under the laws of the State of Arizona. It is licensed to sell life insurance and annuities in the District of Columbia, Guam and in all states except New York. Pruco Life is a wholly-owned subsidiary of The Prudential Insurance Company of America ("Prudential"), a New Jersey stock life insurance company that has been doing business since 1875. Prudential is a direct wholly-owned subsidiary of Prudential Financial, Inc. ("Prudential Financial"), a New Jersey insurance holding company.

**Pruco Life Flexible Premium Variable Annuity Account**

We have established the Pruco Life Flexible Premium Variable Annuity Account ("the Registered Separate Account"), to hold the assets that are associated with the Annuities. The Registered Separate Account was established under Arizona law on June 16, 1995, and is registered with the SEC under the Investment Company Act of 1940 as a unit investment trust, which is a type of investment company. The assets of the Registered Separate Account are held in the name of Pruco Life which is the issuer of the Annuity and the depositor of the Registered Separate Account. Values and benefits based on allocations to the Sub-accounts within the Registered Separate Account will vary with the investment performance of the Portfolios, as applicable. We do not guarantee the investment results of any Sub-account.

**SERVICE PROVIDERS**

We conduct the bulk of our operations through staff employed by the Company or by affiliated companies within the Prudential Financial family. Certain discrete functions have been delegated to non-affiliates that could be deemed "service providers" under the Investment Company Act of 1940. The entities engaged by the Company may change over time. As of December 31, 2025, non-affiliated entities that could be deemed service providers to the Company in connection with the Contract and/or an affiliated insurer within the Company's business unit consisted of those set forth in the table below.

---

| | | |
|:---|:---|:---|
| **Name of Service Provider**  | **Services Provided** | **Address** |
|  Broadridge Investor Communication  | Proxy services and regulatory mailings | 51 Mercedes Way, Edgewood, NY, 11717 |
|  Docufree Corporation  | Records management and administration of annuity contracts<br>Mail receipt/Imaging, check deposits, pricing, ad hoc mailings. | 10 Ed Preate Drive, Moosic PA, 18507 |
|  EXL Service Holdings, Inc  | Administration of annuity contracts | 350 Park Avenue, 10th Floor, New York, NY, 10022 |
|  Guidehouse  | Claim-related services | 1676 International Drive Suite 800, McLean, VA, 22102 |
|  National Financial Services  | Clearing and settlement services for Distributors and Carriers. | 900 Salem St, Smithfield, RI, 02917 |
|  Open Text, Inc  | Fax Services | 2440 Sand Hill Rd. Suite 302, Menlo Park, CA, 94025 |
|  PERSHING LLC  | Clearing and settlement services for Distributors and Carriers. | One Pershing Plaza, Jersey City, NJ, 07399 |
|  The Depository Trust Clearinghouse Corporation  | Clearing and settlement services for Distributors and Carriers. | 570 Washington Boulevard, Jersey City, NJ, 07310 |
|  Thomson Reuters  | Tax reporting services | 3 Times Square, New York, NY, 10036 |
|  Universal Wilde  | Composition, printing, and mailing of contracts and benefit documents | 135 Will Drive, Canton, MA, 02021 |

---

**CONTRACT ADJUSTMENTS**

**Market Value Adjustment Formula ("MVA Formula") & Examples**

**FORMULA FOR LONG-TERM MVA OPTIONS**

The MVA formula is applied separately to each MVA Option to determine the Account Value on a particular date.

The MVA factor is equal to:

[(1+I)/(1+J+K)]<sup>(N/12)</sup>

where:

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| | | |
|:---|:---|:---|
|  **I**  | = | the Crediting Rate for the MVA Option; |
|  **J**  | = | the rate for the remaining Guarantee Period, determined as decribed below; |
|  **K**  | = | the Liquidity Factor\*, which is 0.0025; and |

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| | | |
|:---|:---|:---|
|  **N**  | = | the number of months remaining in the Guarantee Period, rounded up to the nearest whole month. |

---

\* For contracts issued in Connecticut, on or after August 20, 2012, the Liquidity Factor used in the MVA formula equals zero (0),

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| | | |
|:---|:---|:---|
|  For the purposes of determining "J",  | For the purposes of determining "J",  | For the purposes of determining "J",  |
|  **Y**  | = | N/12 |
|  **GP<sub>1</sub>**  | = | the smallest whole number of years greater than or equal to Y. |
|  **r<sub>1</sub>**  | = | the rate for Guarantee Periods of duration GP<sub>1</sub>, which will equal the Crediting Rate if the Guarantee Period duration is currently available. |
|  **GP<sub>2</sub>**  | = | the greatest whole number of years less than or equal to Y, but not less than 1. |
|  **r<sub>2</sub>**  | = | the rate for Guarantee Periods of duration GP<sub>2</sub>, which will equal the Crediting Rate if such Guarantee Period duration is currently available. |

---

If we do not currently offer a Guarantee Period of duration GP<sub>1</sub> or GP<sub>2</sub>, we will determine r<sub>1</sub> and/or r<sub>2</sub> by interpolating between the current rates of Guarantee Periods closest in duration. If we cannot interpolate because such a Guarantee Period is not available, then r<sub>1</sub> and/or r<sub>2</sub> will be equal to [(1) + (2) - (3)], where (1), (2), and (3) are defined as:

**(1)** = the current Treasury spot rate for GP <sub>1</sub> or GP <sub>2</sub> , respectively, and

**(2)** = the current Crediting Rate for the next longer Guarantee Period duration available, and

**(3)** = the current Treasury spot rate for the next longer Guarantee Period duration available,

The term "current Treasury spot rate" means the rates at the time the Crediting Rates were last determined.

To determine "J":

If Y is an integer and equal to a Guarantee Period duration that we currently offer, "J" is equal to the Crediting Rate associated with a Guarantee Period duration of Y years.

If Y is less than 1, then "J" = r<sub>2</sub>.

Otherwise, we determine "J" by interpolating between r<sub>1</sub> and r<sub>2</sub>, using the following formula:

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| | | |
|:---|:---|:---|
|  **J**  | = | (r<sub>1</sub> \* (Y - GP<sub>2</sub>) + r<sub>2</sub> \* (GP<sub>1</sub> - Y)) / (GP<sub>1</sub> - GP<sub>2</sub>) |

---

J is subject to the same Guaranteed Minimum Interest Rate as the Crediting Rate.

We reserve the right to waive the liquidity factor set forth above.

**MVA Example For Long-Term MVA Options**

The following hypothetical examples show the effect of the MVA in determining Account Value. Assume the following:

● You allocate $100,000 into an MVA Option (we refer to this as the "Allocation Date" in these examples) with a Guarantee Period of 5 years (we refer to this as the "Maturity Date" in these examples).

● The Crediting Rate associated with the MVA Option beginning on Allocation Date and maturing on Maturity Date is 2.50% (I = 2.50%).

● You make no withdrawals or transfers until you decide to withdraw the entire MVA Option after exactly three (3) years, at which point 24 months remain before the Maturity Date (N = 24).

**Example of Positive MVA**

Assume that at the time you request the withdrawal, the Crediting Rate associated with the fixed allocation maturing on the Maturity Date is 1.50% (J = 1.50%). Based on these assumptions, the MVA would be calculated as follows:

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| | | |
|:---|:---|:---|
|  MVA Factor  | = | [(1+I)/(1+J+K)]<sup>(N/12)</sup> = [1.025/1.0175]<sup>2</sup>= 1.0148 |
|  Unadjusted Value  | = | $107689.06 |

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| | | |
|:---|:---|:---|
|  Adjusted Account Value  | = | Unadjusted Value x MVA Factor = $109,282.86 |

---

**Example of Negative MVA**

Assume that at the time you request the withdrawal, the Crediting Rate associated with the fixed allocation maturing on the Maturity Date is 3.50% (J = 3.50%). Based on these assumptions, the MVA would be calculated as follows:

---

| | | |
|:---|:---|:---|
|  MVA Factor  | = | [(1+I)/(1+J+K)]<sup>(N/12)</sup> = [1.025/1.0375]<sup>2</sup>= 0.97605 |
|  Unadjusted Value  | = | $107689.06 |
|  Adjusted Account Value  | = | Unadjusted Value x MVA Factor = $105,109.91 |

---

**MVA FORMULA FOR 6 OR 12 MONTH DCA MVA OPTIONS**

The MVA formula is applied separately to each DCA MVA Option to determine the Account Value on a particular date.

The Market Value Adjustment Factor applicable to the MVA Options under the 6 or 12 Month Dollar Cost Averaging Program is as follows:

The MVA factor is equal to:

[(1+I)/(1+J+K)]<sup>(N/12)</sup>

where:

---

| | | |
|:---|:---|:---|
|  **I**  | = | the Index Rate established at inception of a DCA MVA Option. This Index Rate will be based on a Constant Maturity Treasury (CMT) rate for a maturity (in months) equal to the initial duration of the DCA MVA Option. This CMT rate will be determined based on the weekly average of the CMT Index of appropriate maturity as of two weeks prior to initiation of the DCA MVA Option. The CMT Index will be based on "Treasury constant maturities nominal 12" rates as published in Federal Reserve Statistical Release H.15. If a CMT index for the number of months needed is not available, the applicable CMT index will be determined based on a linear interpolation of the published CMT indices; |
|  **J**  | = | the Index Rate determined at the time the MVA calculation is needed, based on a CMT rate for the amount of time remaining in the DCA MVA Option. The amount of time will be based on the number of complete months remaining in the DCA MVA Option, rounded up to the nearest whole month. This CMT rate will be determined based on the weekly average of the CMT Index of appropriate maturity as of two weeks prior to the date for which the MVA calculation is needed. The CMT Index will be based on "Treasury constant maturities nominal 12" rates as published in Federal Reserve Statistical Release H.15. If a CMT index for the number of months needed is not available, the applicable CMT index will be determined based on a linear interpolation of the published CMT indices; |
|  **K**  | = | the Liquidity Factor\*, currently equal to 0.0025; and |
|  **N**  | = | the number of complete months remaining in the DCA MVA Option, rounded up to the nearest whole month. |

---

\* For contracts issued in Connecticut or Ohio, the Liquidity Factor equals zero (0).

If the "Treasury constant maturities nominal 12" rates available through Federal Reserve Statistical Release H. 15 should become unavailable at any time, or if the rate for a 1-month maturity should become unavailable through this source, we will substitute rates which, in our opinion, are comparable.

We reserve the right to waive the Liquidity Factor.

**PRINCIPAL UNDERWRITER/DISTRIBUTOR - PRUDENTIAL ANNUITIES DISTRIBUTORS, INC.**

Prudential Annuities Distributors, Inc. ("PAD"), a wholly-owned subsidiary of Prudential Insurance Company of America, is the distributor and principal underwriter of the Annuities offered through this prospectus. PAD acts as the distributor of a number of annuity and life insurance products and the AST Portfolios. PAD's principal business address is One Corporate Drive, Shelton, Connecticut 06484. PAD is registered as a broker/dealer under the Securities Exchange Act of 1934 (Exchange Act), and is a member of the Financial Industry Regulatory Authority (FINRA). PAD enters into distribution agreements with unaffiliated broker/dealers who are registered under the Exchange Act (collectively, "Firms"). Applications for the Annuities are solicited by registered representatives of the Firms. PAD utilizes a network of its own registered

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representatives to wholesale the Annuities to Firms. Because the Annuities offered through this prospectus are insurance products as well as securities, all registered representatives who sell the Annuities are also appointed insurance agents of Pruco Life.

With respect to all individual annuities issued by Pruco Life, PAD received commissions as follows: 2025: $692,004,270; 2024: $744,837,102; 2023: $541,213,133. PAD retained none of those commissions

In connection with the sale and servicing of the Annuities, Firms may receive cash compensation and/or non-cash compensation. Cash compensation includes discounts, concession, fees, service fees, commissions, asset based sales charges, loans, overrides, or any cash employee benefit received in connection with the sale and distribution of variable contracts. Non-cash compensation includes any form of compensation received in connection with the sale and distribution of variable contracts that is not cash compensation, including but not limited to merchandise, gifts, travel expenses, meals and lodging.

Under the selling agreements, cash compensation in the form of commissions is paid to Firms on sales of the Annuities according to one or more schedules. The selling registered representative will receive all or a portion of the cash compensation, depending on the practice of his or her Firm. Commissions are generally based on a percentage of Purchase Payments made, up to a maximum of 2.0% for the Advisor Series. **Please** **note that third party financial professionals who charge an Advisory Fee for their services are not paid additional commission** **amounts.** Alternative compensation schedules are available that generally provide a lower initial commission plus ongoing quarterly compensation based on all or a portion of Account Value. We may also provide cash compensation to the distributing Firm for providing ongoing service to you in relation to the Annuities. These payments may be made in the form of percentage payments based upon "Assets under Management" or "AUM," (total assets), subject to certain criteria in certain Pruco Life products. These payments may also be made in the form of percentage payments based upon the total amount of money received as Purchase Payments under Pruco Life annuity products sold through the Firm.

In addition, in an effort to promote the sale of our products (which may include the placement of Pruco Life and/or the Annuities on a preferred or recommended company or product list and/or access to the Firm's registered representatives), we, or PAD, may enter into non-cash compensation arrangements with certain Firms with respect to certain or all registered representatives of such Firms under which such Firms may receive fixed payments or reimbursement. These types of fixed payments are made directly to or in sponsorship of the Firm and may include, but are not limited to payment for: training of sales personnel; marketing and/or administrative services and/or other services they provide to us or our affiliates; educating customers of the firm on the features of the Annuities; conducting due diligence and analysis; providing office access, operations, systems and other support; holding seminars intended to educate registered representatives and make them more knowledgeable about the Annuities; conferences (national, regional and top producer); sponsorships; speaker fees; promotional items; a dedicated marketing coordinator; priority sales desk support; expedited marketing compliance approval and preferred programs to PAD; and reimbursements to Firms for marketing activities or other services provided by third-party vendors to the Firms and/or their registered representatives. To the extent permitted by FINRA rules and other applicable laws and regulations, we or PAD may also pay or allow other promotional incentives or payments in other forms of non-cash compensation (e.g., gifts, occasional meals and entertainment, sponsorship of due diligence events). Under certain circumstances, Portfolio advisors/subadvisors or other organizations with which we do business ("Entities") may also receive incidental non-cash compensation, such as meals and nominal gifts. The amount of this non-cash compensation varies widely because some may encompass only a single event, such as a conference, and others have a much broader scope.

Cash and/or non-cash compensation may not be offered to all Firms and Entities and the terms of such compensation may differ between Firms and Entities. In addition, we or our affiliates may provide such compensation, payments and/or incentives to Firms or Entities arising out of the marketing, sale and/or servicing of variable annuities or life insurance offered by different Prudential business units.

The lists below include the names of the Firms and Entities that we are aware (as of December 31, 2025) received compensation with respect to our annuity business generally during 2025 (or as to which a payment amount was accrued during 2025). The Firms and Entities listed include those receiving non-cash and/or cash compensation (as indicated below) in connection with marketing of products issued by Pruco Life Insurance Company and Pruco Life Insurance Company of New Jersey. Your registered representative can provide you with more information about the compensation arrangements that apply upon request. Each of these Annuities also is distributed by other selling Firms that previously were appointed only with our former affiliate Prudential Annuities Life Assurance Corporation ("PALAC") now known as Fortitude Life Insurance & Annuity Company ("FLIAC"). Such other selling Firms may have received compensation similar to the types discussed above with respect to their sale of PALAC annuities. In addition, such other selling Firms may, on a going forward basis, receive substantial compensation that is not reflected in this 2025 retrospective depiction. During 2025, non-cash compensation received by Firms and Entities ranged from $19.20 - $1,183,488.83. During 2025, cash compensation received by Firms ranged from $1.50 - $31,403,206.30.

**All of the Firms and Entities listed below received non-cash compensation during 2025. In addition, Firms in bold also received cash** **compensation during 2025.**

---

| |
|:---|
|  AE Financial Services  |
|  AFS Securities, LLC  |
|  AGP - Alliance Global Partners  |

---

---

| |
|:---|
|  Alera Group  |
|  Alerus  |
|  Alexander Capital  |

---

---

| |
|:---|
|  Alliance Bernstein, L.P.  |
|  Allred Wealth Management  |
|  **Allstate Financial Srvcs, LLC**  |

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---

| |
|:---|
|  Ambassador Wealth Management  |
|  American Strategic Advisors  |
|  Ameriprise Financial, Inc.  |
|  Ameritas Investment Corp.  |
|  AMUNI Financial, Inc.  |
|  Anderson Financial Services  |
|  Arete Wealth Management  |
|  Arkadios Capital LLC  |
|  Ascent Wealth Partners  |
|  Assured Partners  |
|  **Atria Network**  |
|  Ausdal Financial Partners, Inc.  |
|  Avantax Investment Services  |
| B. Riley Wealth Management inc.  |
|  Bancwest Investment Srvcs, Inc  |
|  Bankers Life  |
|  BCG Securities, Inc.  |
|  BDOPS  |
|  Beaconsfield Financial Services  |
|  Benchmark Financial Wealth Advisors, LLC  |
|  Benjamin F. Edwards & Company, Inc.  |
|  Berthel Fisher & Company  |
|  BMO Capital Markets Corp  |
|  Bowers Digmann Financial  |
|  Bridgehaven Financial  |
|  Brighthouse Financial  |
|  Brooklight Place Securities, Inc.  |
|  **Cadaret, Grant & Co., Inc.**  |
|  Calton & Associates, Inc  |
|  **Cambridge Investment Research, Inc.**  |
|  Canandaguia Bank  |
|  Cantella & Co., Inc.  |
|  Capital Investment Group, Inc.  |
|  Capital Synergy Partners  |
|  Capital Wealth Partners Inc  |
|  Capitol Securities Management, Inc.  |
|  Carlson Financial Group  |
|  Carlton & Associates, Inc.  |
|  Cassidy & Company  |
|  **Centaurus Financial, Inc.**  |
|  Century Financial & Insurance Services  |
|  **Cetera Advisor Network LLC**  |
|  **CFD Investments**  |
|  Chelsea Financial  |
|  **Citigroup Global Markets Inc.**  |

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| |
|:---|
|  **Citizens Securities, Inc.**  |
|  Claricity Wealth & Planning  |
|  Clark Capital Management Group  |
|  Coastal One  |
|  **Commonwealth Financial Network**  |
|  Compak Securities  |
|  Concorde Investment Services, LLC  |
|  **Concourse Financial Group Securities Inc**  |
|  Cooley & Labas Financial Advisors  |
|  Copper Financial  |
|  Cornerstone Financial Services  |
|  Creativeone  |
|  CRUMP  |
|  **CUNA Brokerage Svcs, Inc.**  |
|  **CUSO Financial Services, L.P.**  |
|  CW Securities  |
|  Cypress CU  |
|  D.A. Davidson  |
|  **David Lerner and Associates**  |
|  Dawson & Bertran Investment Advisors  |
|  DayMark Wealth Partners  |
|  Delaware Life  |
|  DFPG Investments LLC  |
|  Dimensional Fund Advisors Ltd  |
|  Discipline Advisors  |
|  Due Diligence Works  |
|  DWS  |
|  EBH Securities  |
|  **Edward Jones & Co.**  |
|  Emerson Equity LLC  |
|  Empower Credit Union  |
|  Envestnet  |
|  **Equitable Advisors, LLC**  |
|  **Equity Services, Inc.**  |
|  ESL Investment Services  |
|  Excel Securities & Assoc.  |
|  Feldman Financial Group  |
|  FID X  |
|  Fidelity Investments  |
|  Fifth Third Bank  |
|  Financial Focus Group  |
|  Financial Security Management, Inc  |
|  First Asset Financial  |
|  First Heartland Capital, Inc.  |
|  Fortune Financial Services, Inc.  |

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| |
|:---|
|  Franklin Templeton  |
|  Frontier Asset  |
|  Frost Brokerage Services Inc  |
|  Garden State Securities, Inc.  |
|  **Geneos Wealth Management, Inc.**  |
|  Glass Financial Advisors  |
|  GLOBALINK SECURITIES, INC.  |
|  Goldberg, Clouse & Edgell, LLC  |
|  Goldman Sachs  |
|  Gradient Securities, LLC  |
|  Great America  |
|  **Grove Point Investments**  |
|  Guardian Wealth Strategies, LLC  |
|  GWN Securities, Inc.  |
|  Halley-Dodson Insurance  |
|  Halliday Financial LLC  |
|  **Hantz Financial Services, Inc.**  |
|  HARBOR FINANCIAL SERVICES LLC  |
|  Hazard & Siegel, Inc.  |
|  Hilltop Securities Inc.  |
|  Horan  |
|  Horizon Financial Resources, LLC  |
|  **Hornor, Townsend & Kent, Inc.**  |
|  Hudson Valley Credit Union  |
|  Hunter Insurance & Financial Services  |
|  Huntleigh Securities  |
|  IBN Financial Services, Inc.  |
|  iCapital  |
|  Income & Asset Advisory  |
|  Independence Capital Co. Inc  |
|  **Independent Financial Grp, LLC**  |
|  Infinity Wealth Management  |
|  Innovation Partners  |
|  Intervest  |
|  Invesco  |
|  **J.W. Cole Financial, Inc.**  |
|  **J.P. Morgan**  |
|  Jackson National Life  |
|  **Janney Montgomery Scott, LLC.**  |
|  Jennison Associates  |
|  **Kestra Financial, Inc.**  |
|  Key Investment Services LLC  |
|  Kingswood Capital Management  |
|  Kneeland Advisors  |
|  Kovack Securities, Inc.  |

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| |
|:---|
|  Kress Financial  |
|  Larson Financial Securities  |
|  LaSalle St. Securities LLC  |
|  LAX and Company  |
|  Lebenthal Wealth Advisors, LLC  |
|  Leigh Baldwin & Company, LLC  |
|  LEXVO Wealth Mgmt  |
|  Lifemark Corporation  |
|  **Lincoln Investment Planning**  |
|  **Lion Street**  |
|  LM Kohn  |
|  **LPL Financial Corporation**  |
|  Lyons Bank  |
|  **M Holdings Securities, Inc**  |
|  M&T Securities  |
|  Madison Advisors  |
|  **Madison Avenue Securities**  |
|  MAP Estate Planning  |
|  Mehta & Associates  |
|  **Mercer Allied Company L.P.**  |
|  **Merrill Lynch**  |
|  MFS Investment Management  |
|  **MML Investors Services, Inc.**  |
|  Moloney Securities  |
|  Money Concepts Capital Corp.  |
|  **Morgan Stanley Smith Barney**  |
|  Morris Group  |
|  Mutual of Omaha Insurance Company  |
|  Mutual Securities, Inc  |
|  NACK  |
|  National Securities Corp.  |
|  Nations Financial Group, Inc.  |
|  Nationwide Planning Associates  |
|  NBC Securities  |
|  NBT Bank  |
|  Neuberger Berman  |
|  Newbridge Securities  |
|  **Next Financial Group, Inc.**  |
|  North Ridge Wealth Planning LLC  |
|  North Star Consultants, Inc.  |
|  Northeast Financial Network  |
|  NORTHLAND SECURITIES INC  |
|  NORTHWESTERN MUTUAL INVESTMENT SERVICES LLC  |
|  O.N. Equity  |

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| |
|:---|
|  Oberlin Marketing Inc  |
|  Octavia  |
|  OMNI FINANCIAL SECURITIES  |
|  **OneAmerica Securities, Inc.**  |
|  ONESCO  |
|  OPPENHEIMER & CO, INC.  |
|  **Osaic Institutions**  |
|  **OSAIC Wealth**  |
|  Packerland Brokerage Svcs, Inc  |
|  **Park Avenue Securities, LLC**  |
|  **Parkland Securities**  |
|  Peak Brokerage Services  |
|  Pinnacle Investments, LLC  |
|  Planmember Securities Corporation  |
|  **PNC Investments, LLC**  |
|  Premier Financial Network  |
|  Premier Securities of America Inc.  |
|  Prime Financial Services  |
|  **Principal Securities, Inc.**  |
|  Private Client Services, LLC  |
|  Prospera Financial Services, Inc  |
|  **Purshe Kaplan Sterling Investments**  |
|  Q6 Advisors, Inc.  |
|  Queen City  |
|  Ranu Insurance Agency Inc  |
|  **Raymond James Financial Svcs**  |
|  **RBC CAPITAL MARKETS CORPORATION**  |
|  Regal Securities, Inc.  |
|  Regions Bank  |
|  Regulus Financial Group  |
|  Rehmann Financial  |
|  Ridgewood Wealth Management LLC  |
|  Riegel Financial  |
|  RNR Securities, L.L.C.  |
|  **Robert W. Baird & Co., Inc.**  |
|  Rundahl Financial Consultants  |
|  Sage Rutty & Co. Inc.  |
|  Saltzman Associates  |
|  Sanctuary Securities  |
|  Saxony Securities, Inc.  |
|  Scarborough Capital Management  |
|  Securities Management & Research, Inc.  |
|  **Sigma Financial Corporation**  |
|  Signature Financial Group  |
|  Silver Oak Securities Inc  |

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| |
|:---|
|  Skyline  |
|  Steele Wealth Management, Inc.  |
|  Step Stone Group  |
|  **Stifel Nicolaus & Co.**  |
|  **Stonex Securities**  |
|  Strategic Fin Alliance Inc  |
|  Strategic Wealth Management Group, LLC  |
|  Strellner Financial Group  |
|  Summit Financial Group  |
| T. Rowe Price Group, Inc.  |
|  **TFS Securities, Inc.**  |
|  **The Investment Center**  |
|  The Leaders Group  |
|  The O.N. Equity Sales Co.  |
|  The Tschetter Group  |
|  The Windmill Group  |
|  Tim Hall Financial Services  |
|  Tompkins Bank  |
|  Town & Country Wealth Management  |
|  **TransAmerica Financial Advisors, Inc.**  |
|  Travis Financial Services LLC  |
|  TruChoice Financial  |
|  TrueBlue Financial  |
|  Truist Investment Services Inc.  |
|  TRUSTMONT FINANCIAL GROUP, INC.  |
|  Truvium Wealth Management, LLC  |
|  **UBS Financial Services, Inc.**  |
|  **United Planners Fin. Serv.**  |
|  **US Bank**  |
|  **US Bank Advisors**  |
|  USA Financial Securities Corp.  |
|  VALIC FINANCIAL ADVISORS, INC.  |
|  Valmark Securities  |
|  Valued Capital Advisors  |
|  Vanderbilt Securities Inc  |
|  VANDERBILT SECURITIES LLC  |
|  Vesta Wealth Advisors  |
|  Vestech Securities, Inc.  |
|  **VOYA Financial Advisors**  |
|  Wellington Management  |
|  **Wells Fargo Advisors LLC**  |
|  **WELLS FARGO ADVISORS LLC - WEALTH**  |
|  WesBanco Securities Inc.  |
|  Western International Securities, Inc.  |
|  Winslow Evans and Crocker  |

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You should note that Firms and individual registered representatives and branch managers with some Firms participating in one of these compensation arrangements might receive greater compensation for selling the Annuities than for selling a different annuity that is not eligible for these compensation arrangements. While compensation is generally taken into account as an expense in considering the charges applicable to an annuity product, any such compensation will be paid by us or PAD and will not result in any additional charge to you or to the Separate Account. Cash and non-cash compensation varies by annuity product, and such differing compensation could be a factor in which annuity a financial professional recommends to you. Your registered representative can provide you with more information about the compensation arrangements that apply upon request.

**MISSTATEMENT OF AGE OR SEX**

If there has been a misstatement of the age and/or sex of any person upon whose life annuity payments or the minimum death benefit is based, we make adjustments to conform to the facts. As to annuity payments: (a) any underpayments by us will be remedied on the next payment following correction; and (b) any overpayments by us will be charged against future amounts payable by us under your Annuity.

**FINANCIAL STATEMENTS**

The financial statements of Pruco Life Flexible Premium Variable Annuity Account are incorporated into this Statement of Additional Information by reference to the latest financial statements on [Form N-VPFS for the Pruco Life Flexible Premium Variable Annuity Account as filed with the SEC on April 20, 2026](https://www.sec.gov/Archives/edgar/data/947703/000094770326000062/a2025-96006prucolifeflexib.htm). The consolidated financial statements of Pruco Life Insurance Company are incorporated by reference to its annual report for the year ending December 31, 2025 on [Form 10-K as filed with the SEC on March 6, 2026](https://www.sec.gov/ix?doc=/Archives/edgar/data/777917/000077791726000036/cik777917-20251231.htm#i9dade617f85e4daa9e4cdb825f647996_238). Such financial statements have been audited by PricewaterhouseCoopers LLP ("PwC"), an independent registered public accounting firm. PwC's principal business address is 300 Madison Avenue, New York, NY 10017-6204.

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PART C

333-192701; 333-288853

OTHER INFORMATION

ITEM 27. EXHIBITS:

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| | |
|:---|:---|
| (a) | [Resolution of the Board of Directors of Pruco Life Insurance Company establishing the Pruco Life Flexible Premium Variable Annuity Account. Incorporated by reference to Form N-4, Registration No. 033-61125, filed July 19, 1995 on behalf of the Pruco Life Flexible Premium Variable Annuity Account.](https://www.sec.gov/Archives/edgar/data/947703/0000950110-95-000514.txt)  |
| (b) | Not Applicable. |
| (c)(1) | [Distribution and Principal Underwriting Agreement by and among Pruco Life Insurance Company (Depositor) and Prudential Annuities Distributors, Inc. "PAD" (Underwriter). Incorporated by reference to Post-Effective Amendment No. 1 to Registration No. 333-288855, filed August 5, 2025 on behalf of Pruco Life Insurance Company.](https://www.sec.gov/Archives/edgar/data/2077810/000207781025000029/prucolifedistributionandprin.htm)  |
| (2) | [Specimen Affiliated Insurer Amendment to Selling Agreement. Incorporated by reference to Pre-Effective Amendment No. 1 to Registration No. 333-162673, filed February 4, 2010 on behalf of Pruco Life Flexible Premium Variable Annuity Account.](https://www.sec.gov/Archives/edgar/data/947703/000119312510021085/dex993b.txt)  |
| (3) | [List of Broker Dealers selling under original Selling Agreement. Incorporated by reference to Post-Effective Amendment No. 1 to Registration No. 333-162673, filed April 19, 2010 on behalf of Pruco Life Flexible Premium Variable Annuity Account.](https://www.sec.gov/Archives/edgar/data/947703/000119312510085794/dex993b2.txt)  |
| (4) | [List of Broker Dealers that executed Amendment to Selling Agreement. Incorporated by reference to Post-Effective Amendment No. 1 to Registration No. 333-162673, filed April 19, 2010 on behalf of Pruco Life Flexible Premium Variable Annuity Account.](https://www.sec.gov/Archives/edgar/data/947703/000119312510085794/dex993b3.txt)  |
| (d)(1) | [Form of B Series Annuity Contract (P-OB/IND (5/14)) and schedule pages (P-OB-DCD/IND(5/14)) Incorporated by reference to Pre-Effective Amendment No. 2 to Registration No. 333-192701, filed April 1, 2014 on behalf of Pruco Life Flexible Premium Variable Annuity Account.](https://www.sec.gov/Archives/edgar/data/947703/000119312514125014/d678980dex994a.txt)  |
| (2) | [Form of C Series Annuity Contract (P-OC/IND(5/14)) and schedule pages (P-OC-DCD/IND(5/14)) Incorporated by reference to Pre-Effective Amendment No. 2 to Registration No. 333-192701, filed April 1, 2014 on behalf of Pruco Life Flexible Premium Variable Annuity Account.](https://www.sec.gov/Archives/edgar/data/947703/000119312514125014/d678980dex994b.txt)  |
| (3) | [Form of Return of Adjusted Purchase Payments Death Benefit Rider (P-RID-ROP(5/14)) and Schedule pages (P-SCH-ROP(5/14)) Incorporated by reference to Pre-Effective Amendment No. 2 to Registration No. 333-192701, filed April 1, 2014 on behalf of Pruco Life Flexible Premium Variable Annuity Account.](https://www.sec.gov/Archives/edgar/data/947703/000119312514125014/d678980dex994c.txt)  |
| (4) | [Form of Dollar Cost Averaging ("DCA") Program Rider (P-RID-DCA(5/14)) Incorporated by reference to Pre-Effective Amendment No. 2 to Registration No. 333-192701, filed April 1, 2014 on behalf of Pruco Life Flexible Premium Variable Annuity Account.](https://www.sec.gov/Archives/edgar/data/947703/000119312514125014/d678980dex994d.txt)  |
| (5) | [Form of Market Value Adjustment ("MVA") Option Rider (P-RID-MVA(5/14)) Incorporated by reference to Pre-Effective Amendment No. 2 to Registration No. 333-192701, filed April 1, 2014 on behalf of Pruco Life Flexible Premium Variable Annuity Account.](https://www.sec.gov/Archives/edgar/data/947703/000119312514125014/d678980dex994e.txt)  |
| (6) | [Tax Efficient Annuity Benefit Endorsement (P-END-TX-PPIVA (5/15)) Incorporated by reference to Post-Effective Amendment No. 3 to Registration Statement No. 333-192701, filed on April 8, 2015 on behalf of Pruco Life Flexible Premium Variable Annuity Account.](https://www.sec.gov/Archives/edgar/data/947703/000119312515122850/d807655dex994f.txt)  |
| (e)(1) | [Application form for Contract (P-PIVA-APP (5/14)) Incorporated by reference to Pre-Effective Amendment No. 2 to Registration No. 333-192701, filed April 1, 2014 on behalf of Pruco Life Flexible Premium Variable Annuity Account.](https://www.sec.gov/Archives/edgar/data/947703/000119312514125014/d678980dex995a.htm)  |
| (2) | [Application Form (P-PIVA-APP(2-22). Incorporated by reference to Post-Effective Amendment No. 15 to Registration No. 333-192701, filed April 4, 2023 on behalf of Pruco Life Flexible Premium Variable Annuity Account.](https://www.sec.gov/Archives/edgar/data/947703/000094770323000195/p-pivaxapp2x22bracketgen.htm)  |
| (3) | [Application Form (P-PIVA-IBAPP(2-22). Incorporated by reference to Post-Effective Amendment No. 15 to Registration No. 333-192701, filed April 4, 2023 on behalf of Pruco Life Flexible Premium Variable Annuity Account.](https://www.sec.gov/Archives/edgar/data/947703/000094770323000195/p-pivaxibapp2x22bracketg.htm)  |
| (f)(1) | [Articles of Incorporation of Pruco Life Insurance Company, as amended through October 19, 1993. Incorporated by reference to Post-Effective Amendment No. 40 to Registration Statement 002-89558, filed April 21, 2009, on behalf of the Pruco Life Variable Appreciable Account.](https://www.sec.gov/Archives/edgar/data/740870/000074087009000017/articlesincorporation.htm)  |
| (2) | [By-laws of Pruco Life Insurance Company, as amended through May 6, 1997. Incorporated by reference to Registration Statement 002-89558, filed April 21, 2009 on behalf of the Pruco Life Variable Appreciable Account.](https://www.sec.gov/Archives/edgar/data/740870/000074087009000017/bylaws-pl.htm)  |
| (g) | Not Applicable. |
| (h)(1) | [AST Fund Participation Agreement dated May 1, 2005, as amended and restated June 8, 2005, by and among Pruco Life Insurance Company, American Skandia Trust, American Skandia Investment Services, Inc., Prudential Investments LLC, American Skandia Marketing, Inc. and Prudential Investment Management Services LLC. Incorporated by reference to Pre-Effective Amendment No. 1 to Registration No. 333-162673, filed February 4, 2010 on behalf of Pruco Life Flexible Premium Variable Annuity Account.](https://www.sec.gov/Archives/edgar/data/947703/000119312510021085/dex998a.txt)  |

---

------

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

(2) [Shareholder Information Agreement (Sample Rule 22c-2). Incorporated by reference to Post-Effective Amendment No. 3 to Registration No. 333-130989, filed April 19, 2007 on behalf of Pruco Life Flexible Premium Variable Annuity Account.](https://www.sec.gov/Archives/edgar/data/947703/000119312507085292/dex998b.txt)

(3) [Fund Participation Agreement by and among BlackRock Variable Series Funds, Inc., BlackRock Investments, LLC, Pruco Life Insurance Company and Pruco Life Insurance Company of New Jersey. Incorporated by reference to Post-Effective Amendment No. 6 to Registration No. 333-192701, filed August 19, 2015 on behalf of the Pruco Life Flexible Premium Variable Annuity Account.](https://www.sec.gov/Archives/edgar/data/947703/000119312515296322/d28171dex998c.txt)

(4) [Fund Participation Agreement effective as of December 31, 2007, by and among Pruco Life Insurance Company, JPMorgan Insurance Trust, JPMorgan Investment Advisors Inc. and JPMorgan Funds Management, Inc. Incorporated by reference to Post-Effective Amendment No. 6 to Registration No. 333-192701, filed August 19, 2015 on behalf of the Pruco Life Flexible Premium Variable Annuity Account.](https://www.sec.gov/Archives/edgar/data/947703/000119312515296322/d28171dex998d.txt)

(5) [Amendment to Fund Participation Agreement by and among Pruco Life Insurance Company, JPMorgan Insurance Trust, JPMorgan Investment Advisors Inc. and JPMorgan Funds Management, Inc. Incorporated by reference to Post-Effective Amendment No. 6 to Registration No. 333-192701, filed August 19, 2015 on behalf of the Pruco Life Flexible Premium Variable Annuity Account.](https://www.sec.gov/Archives/edgar/data/947703/000119312515296322/d28171dex998e.txt)

(6) [Fund/SERV Supplement to the Fund Participation Agreement, effective March 1, 2014 by and among Pruco Life Insurance Company, JPMorgan Insurance Trust, J.P. Morgan Investment Management Inc. and JPMorgan Funds Management, Inc. Incorporated by reference to Post-Effective Amendment No. 6 to Registration No. 333-192701, filed August 19, 2015 on behalf of the Pruco Life Flexible Premium Variable Annuity Account.](https://www.sec.gov/Archives/edgar/data/947703/000119312515296322/d28171dex998f.txt)

(7) [Amendment to the Fund Participation Agreement made as of April 1, 2015 by and between Pruco Life Insurance Company, JPMorgan Insurance Trust, JPMorgan Investment Management, Inc., and JPMorgan Funds Management, Inc. Incorporated by reference to Post-Effective Amendment No. 6 to Registration No. 333-192701, filed August 19, 2015 on behalf of the Pruco Life Flexible Premium Variable Annuity Account.](https://www.sec.gov/Archives/edgar/data/947703/000119312515296322/d28171dex998e.txt)

(8) [Amendment to the Fund Participation Agreement, made as of August 1, 2015 by and between Pruco Life Insurance Company, JPMorgan Insurance Trust, JPMorgan Investment Management, Inc., and JPMorgan Funds Management, Inc. Incorporated by reference to Post-Effective Amendment No. 6 to Registration No. 333-192701, filed August 19, 2015 on behalf of the Pruco Life Flexible Premium Variable Annuity Account.](https://www.sec.gov/Archives/edgar/data/947703/000119312515296322/d28171dex998h.txt)

(9) [Amendment effective as of February 25, 2013 to Fund Participation Agreement between Advanced Series Trust, Prudential Investments LLC, AST Investment Services, Inc., Prudential Annuities Distributors, Inc., Prudential Investment Management Services LLC and Pruco Life Insurance Company. Incorporated by reference to Post-Effective Amendment No. 1 to Registration Statement No. 333-184887. filed on April 15, 2013, on behalf of Pruco Life Flexible Premium Variable Annuity Account.](https://www.sec.gov/Archives/edgar/data/947703/000119312513153349/d493621dex998c.txt)

(10) [Fund Participation Agreement dated May 1, 2005, by and among Pruco Life Insurance Company, The Prudential Series Fund, Inc., Prudential Investments LLC, and Prudential Investment Management Services LLC Incorporated by reference to Post-Effective Amendment No. 9 to Registration Statement No. 333-192701. filed on April 5, 2018, on behalf of Pruco Life Flexible Premium Variable Annuity Account.](https://www.sec.gov/Archives/edgar/data/947703/000094770318000104/ex8fpsfprucolife.htm)

(11) [Amendment No. 10 dated April 1, 2020, to Participation Agreement by and among MFS Variable Insurance Trust, MFS Variable Insurance Trust II, MFS Variable Insurance Trust III, MFS Fund Distributors, Inc. and Pruco Life Insurance Company. Incorporated by reference to Post-Effective Amendment No. 11 to Registration Statement No. 333-192701. filed on April 3, 2020, on behalf of Pruco Life Flexible Premium Variable Annuity Account.](https://www.sec.gov/Archives/edgar/data/947703/000094770320000166/ex_8kxmfs-prucopaamend10.htm)

(12) [Amendment No. 1 to Fund Participation and Service Agreement effective as of June 5, 2020 by and among Pruco Life Insurance Company, American Funds Distributors, Inc., American Funds Service Company, Capital Research and Management Company and American Funds Insurance Series to add Pruco Life Insurance Company of New Jersey as a party to the agreement. Incorporated by reference to Post-Effective Amendment No. 12 to Registration Statement No. 333-192701, filed June 15, 2020 on behalf of Pruco Life Flexible Premium Variable Annuity Account.](https://www.sec.gov/Archives/edgar/data/947703/000094770320000309/americanfunds-amendment1to.htm)

(13) [Second Amendment to Fund Participant Agreement effective as of June 1, 2020 by and among BlackRock Variable Series Funds, Inc., BlackRock Investments, LLC, Pruco Life Insurance Company and Pruco Life Insurance Company of New Jersey. Incorporated by reference to Post-Effective Amendment No. 12 to Registration Statement No. 333-192701, filed June 15, 2020 on behalf of Pruco Life Flexible Premium Variable Annuity Account.](https://www.sec.gov/Archives/edgar/data/947703/000094770320000309/blackrock-prucolifenjxamen.htm)

(14) [4 <sup>th</sup> Amendment to Participation Agreement effective as of June 1, 2020 by and among Pruco Life Insurance Company, Variable Insurance Products Fund, Variable Insurance Products Fund II, Variable Insurance Products Fund III, Variable Insurance Products Fund IV, Variable Insurance Products Fund V, and Fidelity Distributors Company LLC. Incorporated by reference to Post-Effective Amendment No. 12 to Registration Statement No. 333-192701, filed June 15, 2020 on behalf of Pruco Life Flexible Premium Variable Annuity Account.](https://www.sec.gov/Archives/edgar/data/947703/000094770320000309/fidelity_pruco4thpaamendme.htm)

(i) Not Applicable.

(j) Not Applicable.

------

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

(k) [Opinion of Counsel. Filed Herewith.](ppi-efp23781_ex99k.htm)

(l) [Written Consent of Independent Registered Public Accounting Firm. Filed Herewith.](ppi-efp23781_ex99l.htm)

(m) Not Applicable.

(n) Not Applicable.

(o) Not Applicable.

(p) [Powers of Attorney: Reshma V. Abraham, Markus Coombs, Alan M. Finkelstein, Scott E. Gaul, Bradley O. Harris, and Salene Hitchcock-Gear. Filed Herewith.](ppi-efp23781_ex99p.htm)

(q) Not Applicable.

(r) Not Applicable.

---

| | |
|:---|:---|
| (101)(SCH XBRL) | Taxonomy Extension Schema |
| (101)(DEF XBRL) | Taxonomy Extension Definition Linkbase |
| (101)(LAB XBRL) | Taxonomy Extension Label Linkbase |
| (101)(PRE XBRL) | Taxonomy Extension Presentation Linkbase |

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ITEM 28. DIRECTORS AND OFFICERS OF THE INSURANCE COMPANY:

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| | |
|:---|:---|
| **NAME AND PRINCIPAL BUSINESS ADDRESS** | **POSITION AND OFFICES WITH INSURANCE COMPANY** |
| Reshma V. Abraham<br>213 Washington Street<br>Newark, New Jersey 07102 | Director and Vice President |
| Markus Coombs<br>655 Broad Street<br>Newark, New Jersey 07102 | Director, Chief Accounting Officer, Chief Financial Officer, and Vice President |
| Alan M. Finkelstein<br>751 Broad Street<br>Newark, New Jersey 07102 | Director and Treasurer |
| Scott E. Gaul<br>One Corporate Drive<br>Shelton, Connecticut 06484 | Director, President and Chief Executive Officer |
| Bradley O. Harris<br>751 Broad Street<br>Newark, New Jersey 07102 | Director |
| Salene Hitchcock-Gear<br>213 Washington Street<br>Newark, New Jersey 07102 | Director |
| Daniel T. McNulty<br>600 Office Center Drive, Apex Office Park<br>Fort Washington, Pennsylvania 19034 | Chief Compliance Officer, Variable Life & Variable Annuities Registered Separate Accounts |
| Karen M. Sills<br>280 Trumbull Street<br>Hartford, Connecticut 06103 | Chief Legal Officer, Vice President and Secretary |
| Matthew Silver<br>213 Washington Street<br>Newark, New Jersey 07102 | Chief Actuary and Senior Vice President |

---

ITEM 29. PERSONS CONTROLLED BY OR UNDER COMMON CONTROL WITH THE INSURANCE COMPANY OR THE REGISTERED SEPARATE ACCOUNT:

The Registered Separate Account may be deemed to be under common control (or where indicated, identical to) the following separate accounts that are sponsored either by Pruco Life Insurance Company ("Pruco Life") or an insurer that is an affiliate of Pruco Life: The Prudential Discovery Premier Group Variable Contract Account, The Prudential Variable Appreciable Account, The Prudential Individual Variable Contract Account, The Prudential Variable Contract Account GI-2, The Prudential Qualified Individual Variable Contract Account, The Prudential Variable Contract Account-24, The Prudential Discovery Select Group Variable Annuity Contract Account (separate accounts of Prudential); the Pruco Life Flexible Premium Variable Annuity Account; the Pruco Life PRUvider Variable Appreciable Account; the Pruco Life Variable Universal Account, the Pruco Life Variable Insurance Account, the Pruco Life Variable Appreciable Account, the Pruco Life Single Premium Variable Life Account, the Pruco Life Single Premium Variable Annuity Account (separate accounts of Pruco Life); the Pruco Life of New Jersey Flexible Premium Variable Annuity Account; the Pruco Life of New Jersey Variable Insurance Account, the Pruco Life of New Jersey Variable Appreciable Account, the Pruco Life of New Jersey Single Premium Variable Life Account, and the Pruco Life of New Jersey Single Premium Variable Annuity Account (separate accounts of Pruco Life Insurance Company of New Jersey ("Pruco Life of New Jersey")). Pruco Life, a life insurance company organized under the laws of Arizona, is a direct wholly-owned subsidiary of The Prudential Insurance Company of America and an indirect wholly-owned subsidiary of Prudential Financial, Inc. Pruco Life of New Jersey, a life insurance company organized under the laws of New Jersey, is a direct wholly-owned subsidiary of Pruco Life, and an indirect wholly-owned subsidiary of Prudential Financial, Inc.

The subsidiaries of Prudential Financial Inc. ("PFI") are listed under [<u>Exhibit 21.1 of the Annual Report on Form 10-K of PFI (Registration No.</u> <u>001-16707), filed on February</u> 12, 2026](https://www.sec.gov/Archives/edgar/data/1137774/000113777426000048/pru-20251231x10kxexh211.htm), the text of which is hereby incorporated by reference. In addition to those subsidiaries, Prudential holds all of the voting securities of Prudential's Gibraltar Fund, Inc., a Maryland corporation, in three of its separate accounts. Prudential's Gibraltar Fund, Inc. is registered as an open-end, diversified, management investment company under the Investment Company Act of 1940 (the "Act"). The separate accounts listed above are registered as unit investment trusts under the Act. The Registered Separate Account may also be deemed to be under common control with The Prudential Variable Contract Account-2, The Prudential Variable Contract Account-10, and The Prudential Variable Account Contract Account-11, (separate accounts of The Prudential Insurance Company of America which are registered as open-end, diversified management investment companies).

ITEM 30. INDEMNIFICATION:

Pruco Life Insurance Company ("Pruco Life"), in conjunction with certain of its affiliates, maintains insurance on behalf of any person who is or was a trustee, director, officer, employee, or agent of Pruco Life, or who is or was serving at the request of Pruco Life as a trustee, director, officer,

------

employee or agent of such other affiliated trust or corporation, against any liability asserted against and incurred by him or her arising out of his or her position with such trust or corporation.

Arizona, the state of organization of Pruco Life, permits entities organized under its jurisdiction to indemnify directors and officers with certain limitations. The relevant provisions of Arizona law permitting indemnification can be found in Section 10-850 et. seq. of the Arizona Statutes Annotated. The text of Pruco Life's By-law, Article VIII, which relates to indemnification of officers and directors, is incorporated by reference to [Exhibit 3(ii) to its form 10-Q filed August 15, 1997](https://www.sec.gov/Archives/edgar/data/777917/0000950110-97-001300.txt).

Insofar as indemnification for liabilities arising under the Securities Act of 1933, as amended (the "Securities Act") may be permitted to directors, officers and controlling persons of Pruco Life pursuant to the foregoing provisions or otherwise, Pruco Life has been advised that in the opinion of the Securities and Exchange Commission such indemnification is against public policy as expressed in the Securities Act and is, therefore, unenforceable. In the event that a claim for indemnification against such liabilities (other than the payment by Pruco Life of expenses incurred or paid by a director, officer or controlling person of Pruco Life in the successful defense of any action, suit or proceeding) is asserted by such director, officer or controlling person in connection with the securities being registered, Pruco Life will, unless in the opinion of its counsel the matter has been settled by controlling precedent, submit to a court of appropriate jurisdiction the question whether such indemnification by it is against public policy as expressed in the Securities Act and will be governed by the final adjudication of such issue.

ITEM 31. PRINCIPAL UNDERWRITERS:

&nbsp;&nbsp;&nbsp;&nbsp;(a) Prudential Annuities Distributors, Inc. (PAD)

PAD serves as principal underwriter for variable annuities issued by various insurance companies. The separate accounts of those insurance companies, through which the bulk of the variable annuities are issued, are the Pruco Life Flexible Premium Variable Annuity Account, the Pruco Life of New Jersey Flexible Premium Variable Annuity Account, The Prudential Qualified Individual Variable Contract Account, The Prudential Individual Variable Contract Account, Prudential's Annuity Plan Account, Prudential's Investment Plan Account, and Prudential's Annuity Plan Account-2. In addition, PAD serves as principal underwriter for variable annuities issued by Fortitude Life Insurance & Annuity Company and its Fortitude Life Insurance & Annuity Company Variable Account B.

&nbsp;&nbsp;&nbsp;&nbsp;(b) Information concerning the directors and officers of PAD is set forth below:

---

| | |
|:---|:---|
| **NAME** | **POSITIONS AND OFFICES WITH UNDERWRITER** |
| Suzanne Amari<br>One Corporate Drive<br>Shelton, Connecticut 06484 | Director |
| Kevin M. Brayton<br>280 Trumbull Street<br>Hartford, Connecticut 06103 | Senior Vice President and Director |
| Tracey Carroll<br>One Corporate Drive<br>Shelton, Connecticut 06484 | President and Director |
| Jessica Conley<br>600 Office Center Drive<br>Apex Office Park<br>Fort Washington, Pennsylvania 19034 | Vice President |
| Markus Coombs<br>655 Broad Street<br>Newark, New Jersey 07102 | Director |
| Scott P. Haggerty<br>One Corporate Drive<br>Shelton, Connecticut 06484 | Chairman, Chief Executive Officer and Director |
| Tiffany Khan<br>751 Broad Street<br>Newark, New Jersey 07102 | Anti-Money Laundering Officer |
| Donald Mallavia<br>One Corporate Drive<br>Shelton, Connecticut 06484 | Director |
| Shane T. McGrath<br>One Corporate Drive<br>Shelton, Connecticut 06484 | Chief Compliance Officer and Vice President |
| Frank Papasavas<br>655 Broad Street<br>Newark, New Jersey 07102 | Treasurer |

---

------

---

| | |
|:---|:---|
| **NAME** | **POSITIONS AND OFFICES WITH UNDERWRITER**  |
| Robert P. Smit<br>751 Broad Street<br>Newark, New Jersey 07102 | Chief Financial Officer and Controller |
| Jordan Thomsen<br>751 Broad Street<br>Newark, New Jersey 07102 | Chief Legal Officer and Secretary |

---

&nbsp;&nbsp;&nbsp;&nbsp;(c) Commissions received by PAD during 2025 with respect to all individual annuities issued by Pruco Life.

---

| | | | | |
|:---|:---|:---|:---|:---|
| NAME OF PRINCIPAL UNDERWRITER | NET UNDERWRITING<br>DISCOUNTS AND<br>COMMISSIONS | COMPENSATION ON<br>REDEMPTION | BROKERAGE<br>COMMISSIONS | COMPENSATION |
| Prudential Annuities Distributors, Inc.\* | $692004270 | $-0- | $-0- | $-0- |

---

\* PAD did not retain any of these commissions.

ITEM 31A. INFORMATION ABOUT CONTRACTS WITH INDEX-LINKED OPTIONS AND FIXED OPTIONS SUBJECT TO A CONTRACT ADJUSTMENT:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) As of December 31, 2025:

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| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Name of the Contract**  | **Number of** **Contracts** **Outstanding** | **Total Value** **Attributable to** **the** **Index-Linked** **Option and/or** **Fixed Option** **subject to an** **Adjustment** | **Number of** **Contracts Sold** **During the Prior** **Calendar Year** | **Gross** **Premiums** **Received** **During the Prior** **Calendar Year** | **Amount of** **Contract Value** **Redeemed** **During the Prior** **Calendar Year** | **Combination** **Contract** |
|  Prudential Premier Investment Variable Annuity B Series  | 13044 | $1129302.25 | 630 | $78388180.00 | -$571152737.00 | Yes  |
|  Prudential Premier Investment Variable Annuity C Series  | 1373 | $28890.59 | 156 | $20664759.00 | -$25886861.00 | Yes  |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Not Applicable.

ITEM 32. LOCATION OF ACCOUNTS AND RECORDS:

Provided in the Registered Separate Account's most recent report on Form N-CEN.

ITEM 33. MANAGEMENT SERVICES:

None.

ITEM 34. FEE REPRESENTATION AND UNDERTAKINGS:

With regard to the offering of the Variable Options, the Company hereby represents that the fees and charges deducted under the contracts described in this registration statement, in the aggregate, are reasonable in relation to the services rendered, the expenses expected to be incurred, and the risks assumed by the Company.

With regard to the offering of the Market Value Adjustment Options under this registration statement, the Company undertakes:

<sup>(1)</sup> To file, during any period in which offers or sales are being made, a post-effective amendment to the registration statement to include any prospectus required by section 10(a)(3) of the Securities Act; and

<sup>(2)</sup> That, for the purpose of determining any liability under the Securities Act, each such post-effective amendment shall be deemed to be a new registration statement relating to the securities offered therein, and the offering of such securities at that time shall be deemed to be the initial bona fide offering thereof.

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SIGNATURES

Pursuant to the requirements of the Securities Act of 1933 and the Investment Company Act of 1940, the Registrant certifies that it meets all of the requirements for effectiveness of this registration statement under rule 485(b) under the Securities Act and has duly caused this registration statement to be signed on its behalf by the undersigned, duly authorized, in the City of Newark and State of New Jersey on this 20th day of April 2026.

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| | |
|:---|:---|
| PRUCO LIFE FLEXIBLE PREMIUM VARIABLE ANNUITY ACCOUNT<br>(REGISTERED SEPARATE ACCOUNT) | PRUCO LIFE FLEXIBLE PREMIUM VARIABLE ANNUITY ACCOUNT<br>(REGISTERED SEPARATE ACCOUNT) |
| By: | Scott E. Gaul<sup>\*</sup> |
|  | Scott E. Gaul<br>President and Chief Executive Officer |
| PRUCO LIFE INSURANCE COMPANY<br>(INSURANCE COMPANY) | PRUCO LIFE INSURANCE COMPANY<br>(INSURANCE COMPANY) |
| By: | Scott E. Gaul<sup>\*</sup> |
|  | Scott E. Gaul<br>President and Chief Executive Officer |

---

SIGNATURES

Pursuant to the requirements of the Securities Act of 1933, this Registration Statement has been signed by the following persons in the capacities and on the date indicated.

---

| | | |
|:---|:---|:---|
|  SIGNATURE  | TITLE |  |
|  Reshma V. Abraham\* <br> Reshma V. Abraham  | Director and Vice President | April 20, 2026 |
|  Markus Coombs\* <br> Markus Coombs  | Chief Financial Officer, Chief Accounting Officer, Vice President and Director | April 20, 2026 |
|  Alan M. Finkelstein\* <br> Alan M. Finkelstein  | Director and Treasurer | April 20, 2026 |
|  Scott E. Gaul\* <br> Scott E. Gaul  | Director, President and Chief Executive Officer | April 20, 2026 |
|  Bradley O. Harris\* <br> Bradley O. Harris  | Director | April 20, 2026 |
|  Salene Hitchcock-Gear\* <br> Salene Hitchcock-Gear  | Director | April 20, 2026 |

---

---

| | |
|:---|:---|
| By: | /s/ Elizabeth L. Gioia |
|  | Elizabeth L. Gioia |

---

\* Executed by Elizabeth L. Gioia on behalf of those indicated pursuant to Power of Attorney.

------

## Ex-99.(K)

---

| |
|:---|
| <br>**Elizabeth L. Gioia**<br> Vice President, Corporate Counsel |
| **The Prudential Insurance Company of America**<br> 751 Broad Street, Newark, NJ 07102-3777<br> Tel 203 402-1624<br> elizabeth.gioia@prudential.com |

---

April 20, 2026

**VIA EDGAR**

Securities and Exchange Commission

100 F Street, N.E.

Washington, D.C. 20549

---

| | |
|:---|:---|
| **Re:** | **Pruco Life Insurance Company** |
|  | **Pruco Life Flexible Premium Variable Annuity Account** |
|  | **Post-Effective Amendments to Registration Statements on Form N-4** |
|  | **File Nos. 333-288853; 333-192701 and 811-07325** |

---

Members of the Commission:

I have acted as counsel to Pruco Life Insurance Company (the "Company"), in connection with the filing of Post-Effective Amendments to the above-referenced Registration Statements on Form N-4 under the Securities Act of 1933. Such registration statements relate to the contracts, riders, and endorsements (collectively, the "Contracts") for the variable annuity contracts to be sold through certain selling broker-dealers and the related Market Value Adjusted Fixed Allocation investment options.

I have examined or caused to be examined such documents and reviewed or caused to be reviewed such questions of law as I considered necessary and appropriate for the purpose of rendering this opinion. In particular, I have reviewed the establishment of the Pruco Life Modified Guaranteed Annuity Account (the "Guaranteed Account") by the Board of Directors of the Company as a non-unitized separate account for assets applicable to certain market value adjustment annuity contracts and the establishment and continued existence of the Pruco Life Flexible Premium Variable Annuity Account (the "Variable Separate Account"). On the basis of such examination and review, it is my opinion that:

(1) the Company is a corporation duly organized and validly existing as a stock life insurance company under the laws of the State of Arizona and is duly authorized by the Insurance Department of that state to issue the Contracts;

(2) the Guaranteed Account has been duly created and is a validly existing as a non-unitized separate account pursuant to the provisions of the State of Arizona law;

(3) the Variable Separate Account is a duly authorized and existing separate account established pursuant to the provisions of applicable state law;

(4) the Contracts, when issued in accordance with the Registration Statements on Form N-4, will constitute legal, validly-issued and binding obligations of the Company; and

(5) to the extent so provided under the Contracts, that portion of the assets of the Variable Separate Account equal to the reserves and other contract liabilities with respect to the separate account will not be chargeable with liabilities arising out of any other business that the Company may conduct.

I hereby consent to the filing of this opinion as an exhibit to the Registration Statements.

Very truly yours,

/s/ Elizabeth L. Gioia

Elizabeth L. Gioia

Vice President, Corporate Counsel

## Ex-99.(L)

CONSENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

We hereby consent to the incorporation by reference in this Post-Effective Amendment No. 19 to the Registration Statement on Form N-4 (No. 333-192701) (the "Registration Statement") of our report dated March 6, 2026 relating to the consolidated financial statements of Pruco Life Insurance Company and consent to the incorporation by reference in the Registration Statement of our report dated April 20, 2026 relating to the financial statements of each of the subaccounts of Pruco Life Flexible Premium Variable Annuity Account indicated in our report. We also consent to the reference to us under the heading "Financial Statements" in such Registration Statement.

/s/ PricewaterhouseCoopers LLP

New York, New York

April 20, 2026

## Ex-99.(P)

**<u>POWER OF ATTORNEY</u>**

The undersigned, being a director or officer of Pruco Life Insurance Company ("Pruco Life"), constitutes and appoints Elizabeth L. Gioia, Richard H. Kirk, Ida Colon-Perez and Douglas E. Scully, and each of them severally, his or her true and lawful attorney-in-fact with power of substitution and resubstitution to sign in his or her name, place and stead, in any and all capacities, and to do any and all things and execute any and all instruments that such attorneys-in-fact may deem necessary or advisable under any rules, regulations and requirements of the U.S. Securities and Exchange Commission, in connection with where applicable: Registration statements of the appropriate forms prescribed by the Securities and Exchange Commission, and any other periodic documents and reports required under the Investment Company Act of 1940, as amended, the Securities Act of 1933, as amended, the Securities Exchange Act of 1934, as amended, and all amendments thereto executed on behalf of Pruco Life filed with the Securities and Exchange Commission for the Registrations listed below:

**Pruco Life Insurance Company:**

ActiveIncome 333-283684 FlexGuard 2.0 333-288504 <br> ActiveIncome - Franklin Templeton 333-290153 FlexGuard Income 2.0 333-288505 <br> ActiveIncome – LPL 333-293964

**Pruco Life Insurance Company (RILA/MVA):**

---

| | | |
|:---|:---|:---|
| 333-288845 | 333-288852 | 333-288859 |
| 333-288846 | 333-288853 | 333-288860 |
| 333-288847 | 333-288855 | 333-288861 |
| 333-288848 | 333-288856 | 333-288862 |
| 333-288849 | 333-288857 | 333-288864 |
| 333-288851 | 333-288858 | 333-288865 |

---

**Pruco Life Flexible Premium Variable Annuity Account (811-07325):**

---

| | | |
|:---|:---|:---|
| 333-06701 | 333-37728 | 333-130989 |
| 333-162673 | 333-162680 | 333-170466 |
| 333-184541 | 333-184887 | 333-184888 |
| 333-184890 | 333-192701 | 333-230983 |
| 333-256965 | 333-256966 | 333-267463 |

---

IN WITNESS WHEREOF, I have hereunto set my hand on March 20, 2026.

---

| |
|:---|
| /s/ Reshma V. Abraham |
| Reshma V. Abraham |
| Director and Vice President |

---

**<u>POWER OF ATTORNEY</u>**

The undersigned, being a director or officer of Pruco Life Insurance Company ("Pruco Life"), constitutes and appoints Elizabeth L. Gioia, Richard H. Kirk, Ida Colon-Perez and Douglas E. Scully, and each of them severally, his or her true and lawful attorney-in-fact with power of substitution and resubstitution to sign in his or her name, place and stead, in any and all capacities, and to do any and all things and execute any and all instruments that such attorneys-in-fact may deem necessary or advisable under any rules, regulations and requirements of the U.S. Securities and Exchange Commission, in connection with where applicable: Registration statements of the appropriate forms prescribed by the Securities and Exchange Commission, and any other periodic documents and reports required under the Investment Company Act of 1940, as amended, the Securities Act of 1933, as amended, the Securities Exchange Act of 1934, as amended, and all amendments thereto executed on behalf of Pruco Life filed with the Securities and Exchange Commission for the Registrations listed below:

**Pruco Life Insurance Company:**

ActiveIncome 333-283684 FlexGuard 2.0 333-288504 <br> ActiveIncome - Franklin Templeton 333-290153 FlexGuard Income 2.0 333-288505 <br> ActiveIncome – LPL 333-293964

**Pruco Life Insurance Company (RILA/MVA):**

---

| | | |
|:---|:---|:---|
| 333-288845 | 333-288852 | 333-288859 |
| 333-288846 | 333-288853 | 333-288860 |
| 333-288847 | 333-288855 | 333-288861 |
| 333-288848 | 333-288856 | 333-288862 |
| 333-288849 | 333-288857 | 333-288864 |
| 333-288851 | 333-288858 | 333-288865 |

---

**Pruco Life Flexible Premium Variable Annuity Account (811-07325):**

---

| | | |
|:---|:---|:---|
| 333-06701 | 333-37728 | 333-130989 |
| 333-162673 | 333-162680 | 333-170466 |
| 333-184541 | 333-184887 | 333-184888 |
| 333-184890 | 333-192701 | 333-230983 |
| 333-256965 | 333-256966 | 333-267463 |

---

IN WITNESS WHEREOF, I have hereunto set my hand on March 20, 2026.

---

| |
|:---|
| /s/ Markus Coombs |
| Markus Coombs |
| Director, Chief Financial Officer, |
| Chief Accounting Officer and Vice President |

---

**<u>POWER OF ATTORNEY</u>**

The undersigned, being a director or officer of Pruco Life Insurance Company ("Pruco Life"), constitutes and appoints Elizabeth L. Gioia, Richard H. Kirk, Ida Colon-Perez and Douglas E. Scully, and each of them severally, his or her true and lawful attorney-in-fact with power of substitution and resubstitution to sign in his or her name, place and stead, in any and all capacities, and to do any and all things and execute any and all instruments that such attorneys-in-fact may deem necessary or advisable under any rules, regulations and requirements of the U.S. Securities and Exchange Commission, in connection with where applicable: Registration statements of the appropriate forms prescribed by the Securities and Exchange Commission, and any other periodic documents and reports required under the Investment Company Act of 1940, as amended, the Securities Act of 1933, as amended, the Securities Exchange Act of 1934, as amended, and all amendments thereto executed on behalf of Pruco Life filed with the Securities and Exchange Commission for the Registrations listed below:

**Pruco Life Insurance Company:**

ActiveIncome 333-283684 FlexGuard 2.0 333-288504 <br> ActiveIncome - Franklin Templeton 333-290153 FlexGuard Income 2.0 333-288505 <br> ActiveIncome – LPL 333-293964

**Pruco Life Insurance Company (RILA/MVA):**

---

| | | |
|:---|:---|:---|
| 333-288845 | 333-288852 | 333-288859 |
| 333-288846 | 333-288853 | 333-288860 |
| 333-288847 | 333-288855 | 333-288861 |
| 333-288848 | 333-288856 | 333-288862 |
| 333-288849 | 333-288857 | 333-288864 |
| 333-288851 | 333-288858 | 333-288865 |

---

**Pruco Life Flexible Premium Variable Annuity Account (811-07325):**

---

| | | |
|:---|:---|:---|
| 333-06701 | 333-37728 | 333-130989 |
| 333-162673 | 333-162680 | 333-170466 |
| 333-184541 | 333-184887 | 333-184888 |
| 333-184890 | 333-192701 | 333-230983 |
| 333-256965 | 333-256966 | 333-267463 |

---

IN WITNESS WHEREOF, I have hereunto set my hand on March 27, 2026.

---

| |
|:---|
| /s/ Alan M. Finkelstein |
| Alan M. Finkelstein |
| Director and Treasurer |

---

**<u>POWER OF ATTORNEY</u>**

The undersigned, being a director or officer of Pruco Life Insurance Company ("Pruco Life"), constitutes and appoints Elizabeth L. Gioia, Richard H. Kirk, Ida Colon-Perez and Douglas E. Scully, and each of them severally, his or her true and lawful attorney-in-fact with power of substitution and resubstitution to sign in his or her name, place and stead, in any and all capacities, and to do any and all things and execute any and all instruments that such attorneys-in-fact may deem necessary or advisable under any rules, regulations and requirements of the U.S. Securities and Exchange Commission, in connection with where applicable: Registration statements of the appropriate forms prescribed by the Securities and Exchange Commission, and any other periodic documents and reports required under the Investment Company Act of 1940, as amended, the Securities Act of 1933, as amended, the Securities Exchange Act of 1934, as amended, and all amendments thereto executed on behalf of Pruco Life filed with the Securities and Exchange Commission for the Registrations listed below:

**Pruco Life Insurance Company:**

ActiveIncome 333-283684 FlexGuard 2.0 333-288504 <br> ActiveIncome - Franklin Templeton 333-290153 FlexGuard Income 2.0 333-288505 <br> ActiveIncome – LPL 333-293964

**Pruco Life Insurance Company (RILA/MVA):**

---

| | | |
|:---|:---|:---|
| 333-288845 | 333-288852 | 333-288859 |
| 333-288846 | 333-288853 | 333-288860 |
| 333-288847 | 333-288855 | 333-288861 |
| 333-288848 | 333-288856 | 333-288862 |
| 333-288849 | 333-288857 | 333-288864 |
| 333-288851 | 333-288858 | 333-288865 |

---

**Pruco Life Flexible Premium Variable Annuity Account (811-07325):**

---

| | | |
|:---|:---|:---|
| 333-06701 | 333-37728 | 333-130989 |
| 333-162673 | 333-162680 | 333-170466 |
| 333-184541 | 333-184887 | 333-184888 |
| 333-184890 | 333-192701 | 333-230983 |
| 333-256965 | 333-256966 | 333-267463 |

---

IN WITNESS WHEREOF, I have hereunto set my hand on March 20, 2026.

---

| |
|:---|
| /s/ Scott E. Gaul |
| Scott E. Gaul |
| Director, President and Chief Executive Officer |

---

**<u>POWER OF ATTORNEY</u>**

The undersigned, being a director or officer of Pruco Life Insurance Company ("Pruco Life"), constitutes and appoints Elizabeth L. Gioia, Richard H. Kirk, Ida Colon-Perez and Douglas E. Scully, and each of them severally, his or her true and lawful attorney-in-fact with power of substitution and resubstitution to sign in his or her name, place and stead, in any and all capacities, and to do any and all things and execute any and all instruments that such attorneys-in-fact may deem necessary or advisable under any rules, regulations and requirements of the U.S. Securities and Exchange Commission, in connection with where applicable: Registration statements of the appropriate forms prescribed by the Securities and Exchange Commission, and any other periodic documents and reports required under the Investment Company Act of 1940, as amended, the Securities Act of 1933, as amended, the Securities Exchange Act of 1934, as amended, and all amendments thereto executed on behalf of Pruco Life filed with the Securities and Exchange Commission for the Registrations listed below:

**Pruco Life Insurance Company:**

ActiveIncome 333-283684 FlexGuard 2.0 333-288504 <br> ActiveIncome - Franklin Templeton 333-290153 FlexGuard Income 2.0 333-288505 <br> ActiveIncome – LPL 333-293964

**Pruco Life Insurance Company (RILA/MVA):**

---

| | | |
|:---|:---|:---|
| 333-288845 | 333-288852 | 333-288859 |
| 333-288846 | 333-288853 | 333-288860 |
| 333-288847 | 333-288855 | 333-288861 |
| 333-288848 | 333-288856 | 333-288862 |
| 333-288849 | 333-288857 | 333-288864 |
| 333-288851 | 333-288858 | 333-288865 |

---

**Pruco Life Flexible Premium Variable Annuity Account (811-07325):**

---

| | | |
|:---|:---|:---|
| 333-06701 | 333-37728 | 333-130989 |
| 333-162673 | 333-162680 | 333-170466 |
| 333-184541 | 333-184887 | 333-184888 |
| 333-184890 | 333-192701 | 333-230983 |
| 333-256965 | 333-256966 | 333-267463 |

---

IN WITNESS WHEREOF, I have hereunto set my hand on March 25, 2026.

---

| |
|:---|
| /s/ Bradley O. Harris |
| Bradley O. Harris |
| Director |

---

**<u>POWER OF ATTORNEY</u>**

The undersigned, being a director or officer of Pruco Life Insurance Company ("Pruco Life"), constitutes and appoints Elizabeth L. Gioia, Richard H. Kirk, Ida Colon-Perez and Douglas E. Scully, and each of them severally, his or her true and lawful attorney-in-fact with power of substitution and resubstitution to sign in his or her name, place and stead, in any and all capacities, and to do any and all things and execute any and all instruments that such attorneys-in-fact may deem necessary or advisable under any rules, regulations and requirements of the U.S. Securities and Exchange Commission, in connection with where applicable: Registration statements of the appropriate forms prescribed by the Securities and Exchange Commission, and any other periodic documents and reports required under the Investment Company Act of 1940, as amended, the Securities Act of 1933, as amended, the Securities Exchange Act of 1934, as amended, and all amendments thereto executed on behalf of Pruco Life filed with the Securities and Exchange Commission for the Registrations listed below:

**Pruco Life Insurance Company:**

ActiveIncome 333-283684 FlexGuard 2.0 333-288504 <br> ActiveIncome - Franklin Templeton 333-290153 FlexGuard Income 2.0 333-288505 <br> ActiveIncome – LPL 333-293964

**Pruco Life Insurance Company (RILA/MVA):**

---

| | | |
|:---|:---|:---|
| 333-288845 | 333-288852 | 333-288859 |
| 333-288846 | 333-288853 | 333-288860 |
| 333-288847 | 333-288855 | 333-288861 |
| 333-288848 | 333-288856 | 333-288862 |
| 333-288849 | 333-288857 | 333-288864 |
| 333-288851 | 333-288858 | 333-288865 |

---

**Pruco Life Flexible Premium Variable Annuity Account (811-07325):**

---

| | | |
|:---|:---|:---|
| 333-06701 | 333-37728 | 333-130989 |
| 333-162673 | 333-162680 | 333-170466 |
| 333-184541 | 333-184887 | 333-184888 |
| 333-184890 | 333-192701 | 333-230983 |
| 333-256965 | 333-256966 | 333-267463 |

---

IN WITNESS WHEREOF, I have hereunto set my hand on March 27, 2026.

---

| |
|:---|
| /s/ Salene Hitchcock-Gear |
| Salene Hitchcock-Gear |
| Director |

---