1. HD Lifetime Five Highest Daily Lifetime FiveSM
Over 250 Step-Up Opportunities Every Year!
Good morning/afternoon…and welcome. Over 250 step-up opportunities a year- I hope this statement has your attention!
Today I’d like to talk about our latest innovation to help you grow your variable annuity business. It’s an an optional benefit available on annuities through Prudential called HD Lifetime Five.
As you can see from its name, HD Lifetime Five offers the potential to automatically step-up the basis for lifetime income, each and every day the markets are open- that’s over 250 times a year. I can say that from our end, we are really excited to be bringing you this benefit, so let’s jump right in.

2. Industry-Leading Retirement Income Solutions Completing the Award-Winning Suite*
HD Lifetime Five
At Prudential, we are confident that the addition of HD Lifetime Five provides you with an industry leading choice of retirement income solutions for your clients. Let me just quickly go through the award winning suite of Lifetime Five income benefits.
I say award winning suite as for the past two years, Lifetime Five has been named Best Optional Living Benefit by Boomer Market Advisor Magazine. For those of you not familiar with Lifetime Five, it is for a single life, its withdrawal income is based on the greater of three values, a 5% roll-up, an HAV, or the AV at first withdrawal. Lifetime Five offers two income options 5% for life, or 7% for at least 14.2 years.
Spousal Lifetime Five provides all the fundamental protections of Lifetime Five, but is intended to provide a guaranteed 5% income over two lives.
Our latest intelligent innovation, HD Lifetime Five, provides a guaranteed 5% lifetime income based on the annuity’s daily value growing at an annual compounded 5% rate, (for the first 10 years from benefit election or until first withdrawal if sooner)!
Lifetime Five
Spousal
Lifetime Five
* Voted Best Optional Living Benefit by Boomer Market Advisor for 2005 & 2006!

3. HD Lifetime Five… A Simple Story
What is HD Lifetime Five?
What does HD Lifetime Five do?
How do we do it?
Let me start with defining HD Lifetime Five in it’s simplest terms:
1)What is HD Lifetime Five?
It is a guaranteed lifetime income benefit available on most of our variable annuity products
2) What does HD Lifetime Five do?
HD5 provides your clients with the potential to maximize the basis for their lifetime income - with 5% compounded growth on the daily account value!
3) How do we do it?
A) Through a predetermined mathematical formula that helps manage your clients’ guarantee by allocating account value, when necessary, between guaranteed and variable investment options
B) Through capital market hedging strategies
All this from a reputable company that provides quality service and innovative products.

4. Enhanced at No Additional Cost!
Cost: Same
No change to model
Enhancements are retroactive
Before we get into the enhancements, I think it’s important to note three key points:
Cost – The enhancements provide tremendous additional value to your clients at no additional cost.
No change to the proprietary model – We’re excited to say that these additional benefits will not impact, in any way, the predetermined proprietary formula at work within HD Lifetime Five.
Enhancements are retroactive to your clients who already have HD Lifetime Five – You can deliver this good news to your existing clients as well.

5. What Are the Enhancements?
Enhanced Protected Withdrawal Value – Guarantees your clients at least double their account value as the minimum basis for their lifetime income (after 10 years from benefit election and assuming no withdrawals are taken for the first 10 years from benefit election).
Return of Principal Guarantee – If upon the 10th benefit anniversary, your clients have not taken any withdrawals and their current account value is less than the Principal Value*, we will credit the difference directly into their annuity’s account value.
Now let’s focus on the two new enhancements we have made to HD Lifetime Five. Both enhancements provide your clients with an added level of protection. (Read Page)
HD Lifetime Five is now an even better retirement income solution for your clients.
Benefit enhancements are subject to state availability.
* Principal Value is defined as the account value on the date of benefit election plus any additional purchase payments made during the one-year period after benefit election.

6. HD Lifetime Five… Before Income Begins
The Total Protected Withdrawal Value* (the basis for lifetime income) will be the greater of: 1 2 3
The highest value determined by comparing every daily account value growing at an annual 5% compounded rate of return (for the first 10 years from benefit election or until first withdrawal if sooner)
An Enhanced Protected Withdrawal Value equal to 200% of the account value at the time of benefit election (after 10 years from benefit election and assuming no withdrawals are taken for the first 10 years from benefit election )**
The account value at the time of first withdrawal
Before income begins, the Total Protected Withdrawal Value (the basis for lifetime income) will be the greater of:
The highest value determined by comparing every daily account value growing at an annual 5% compounded rate of return (for the first 10 years from benefit election or until your first withdrawal, whichever is sooner)
An Enhanced Protected Withdrawal Value equal to 200% of account value at the time of benefit election (after 10 years from benefit election and assuming no withdrawals are taken for the first 10 years from benefit election)
The account value at the time of first withdrawal
* The Total Protected Withdrawal Value is only available through withdrawals. It is not available as cash or a lump sum.
** Additional purchase payments add to the Enhanced Protected Withdrawal Value in these amounts:
200% of all purchase payments (and any purchase credits) made within 12 months after benefit election
100% of all purchase payments (and any purchase credits) made thereafter, but prior to first withdrawal
The 5% growth rate is compounded and vested right up until first withdrawal. For those of you who are not familiar with the vesting concept, there are many living benefits in the industry that will credit interest only at the annuity’s anniversary date. So unless you can predict that your clients will retire on their annuity’s anniversary date, they could be leaving money on the table by not having a roll up that is vested, like HD Lifetime Five’s.
Now that we have talked about how HD Lifetime Five works before the client takes income, let’s take a look at a series of charts that I feel will be helpful.
* The Total Protected Withdrawal Value is only available through withdrawals. It is not available as cash or a lump sum.
** Additional purchase payments add to the Enhanced Protected Withdrawal Value in these amounts:
200% of all purchase payments (and any purchase credits) made within 12 months after benefit election
100% of all purchase payments (and any purchase credits) made thereafter, but prior to first withdrawal

7. Before Income Begins… 10-Year View
Period Illustrated January 3, 1994 – June 30, HD5 & X Series
5% ANNUAL COMPOUNDED GROWTH ON THE DAILY ACCOUNT VALUE
ACCOUNT VALUE
$606,085
5% ANNUAL COMPOUNDED GROWTH FOR 10 YEARS $407,224
GUARANTEED ANNUAL LIFETIME INCOME OF $30,304/ YEAR BEGINS 4 1
$525,000 6 3
$449,226 5
INITIAL
PURCHASE
PAYMENT
$250,000 2
AVERAGE ANNUAL RETURN
$262,500 6
Note to presenter – This slide is optional for use with X Series & HD5
In this hypothetical example, an investor purchased the X Series variable annuity with the HD Lifetime Five benefit with a single initial purchase payment of $250,000 and received a purchase credit of $12,500 which was applied to the account value on day 1. The chart illustrates what would have happened to the investor’s annuity with HD Lifetime Five, assuming withdrawals begin after 10 years, utilizing actual performance from the AST T. Rowe Price Asset Allocation Portfolio since its inception on January 3, 1994 – June 29, Please note, neither X Series nor HD Lifetime Five were available in 1994; therefore, this example is purely hypothetical.
1) The annuity, with HD Lifetime Five, benefited from strong performance since inception through 2000, reaching a peak on March 23, The investor’s basis for lifetime income would have stepped up on many days during this period – 133 days to be exact.
2) We then entered a significant stock market correction. As a result, in late 2001, HD Lifetime Five’s proprietary mathematical formula began to transfer account value into the Benefit Fixed Rate Account. In October 2002, the Benefit Fixed Rate Account reached its highest balance of approximately 47% of account value. It’s important to note that during this downturn the investor’s basis for lifetime income would have continued to grow at an annual compounded 5% rate.
3) When the market began to recover in early 2003, HD Lifetime Five began transferring account value back into the AST T. Rowe Price Asset Allocation Portfolio. By July of 2003, the account value had returned to 100% participation in the AST T. Rowe Price Asset Allocation Portfolio.
4) At the start of 2004, the investor begins taking their guaranteed lifetime income of $30,304 a year, which is based on a Total Protected Withdrawal Value of
$606,085.
5) By June of 2007, the investor has taken $121,216 in cumulative income and due to the positive performance of the T. Rowe Price Asset Allocation they still have an account value of $449,226.
6) HD Lifetime Five has two additional protections available to investors who wait ten years before taking withdrawals:
Enhanced Protected Withdrawal Value – Guarantees a minimum lifetime income based on at least double the account value on benefit election (and any purchase credits), $525,000 in this example.
Return of Principal Guarantee – Ensures that if the investor’s account value is less than their Principal Value (defined as the account value on benefit election plus any additional purchase payments and applicable credits received within one year from benefit election) we will credit the difference. The Return of Principal guarantee is $262,500 in this example.
BALANCE
IN BENEFIT FIXED RATE ACCOUNT $0
1/94
1/95
1/96
1/97
1/98
1/99
1/00
1/01
1/02
1/03
1/04
1/05
1/06
6/07

8. Determining the First Move to the Benefit Fixed Rate Account
Assuming No Previous Withdrawals
Total Protected Withdrawal Value 7%
10%
15%
20%
25%
33%
The following graphic can give us some baseline understanding of how the proprietary mathematical model within HD Lifetime Five will work with regard to transferring account value to the Benefit Fixed Rate Account. The percentages above represent the difference you would need to have between account value and the Total Protected Withdrawal Value in order for account value to move to the Benefit Fixed Rate Account. Keep in mind that 1) This is assuming no withdrawals are being taken, and 2) This only applies to the initial transfer of account value into the Benefit Fixed Rate Account.
So, day 1 if the gap between the account value and the Total Protected Withdrawal Value is within 7%, there would not be a movement into the Benefit Fixed Rate Account. In year 1, if the account value is within 10% of the Total Protected Withdrawal Value, there would not be a movement to the Benefit Fixed Rate Account. By year 5, the gap can be as much as 20%, year 7 up to 25%, and by year 10 the account value can be 33% lower than the Total Protected Withdrawal Value and not cause a transfer to the Benefit Fixed Rate Account.
Now, the extent that the account value breaks through the corridor in any year will be the determining factor as to how much money is ultimately transferred to the Benefit Fixed Rate Account.
Account Value
Day 1
1 year
3 years
5 years
7 years
10 years

9. Information About the Previous Charts
All returns reflect the deduction of a mortality and expense charge of 1.40% and an administration charge of 0.15% annually. Standardized returns also reflect the annual maintenance fee of $35. In addition, Standardized returns and Non-standardized returns with CDSC reflect the impact of applicable Contingent Deferred Sales Charges (CDSC). Non-standardized returns without CDSC do not reflect contract maintenance fees or applicable CDSC. Performance information as of the most recent month-end is available at The costs of any optional benefits selected are not reflected. If these charges were reflected, the performance shown below would be reduced. The X Series variable annuity has a maximum Contingent Deferred Sales Charge of 9%.
HD Lifetime Five was not available prior to November 20, The Prudential Premier X Series deferred variable annuity was offered beginning May 1, 2006, and began offering the AST T. Rowe Price Asset Allocation Portfolio as an investment option at that time.
The hypothetical illustrations shown on the previous slides demonstrate how HD Lifetime Five and X Series would have worked had they been available during the time period depicted. The depiction thus represents a form of non-standard performance for the 10-year period illustrated. Standard performance is set forth above. The rate of return is net of the portfolio charge. The illustrations also include the following assumptions: (i) HD Lifetime Five charge of 0.60%; which is assessed against the average daily net assets of the variable subaccounts, and as a reduction to the interest rate credited to the Benefit Fixed Rate Account; (ii) Insurance charges of 1.55% (which reflect the insurance and administrative charge of the X Series); (iii) A 5% purchase credit for X Series is reflected; (iv) Benefit Fixed Rate Account assumption of 2%, which may be higher depending on the the state of issue and the current interest rate environment. Other annuity products and investment options may contain different expenses. Hence, the values illustrated would be different. Benefit rules and restrictions may apply, please see the prospectus for more details. Guarantees, including those for optional benefits, are backed by the claims-paying ability of the issuing company.
Performance as of 6/30/2007
Subaccount
Type of Performance
1-year
5-year
10-year
Inception
Inception Date
T. Rowe Price
Asset Allocation Portfolio
Non-Standardized
19.81%
9.46%
6.81%
6.19%
1/3/1994
Non-Standardized w/CDSC
10.81%
8.76%
Standardized
5.03%
N/A
2.59%
5/1/2006
Disclosure for X Series with AST T. Rowe Price Asset Allocation Portfolio

10. Information About the Previous Charts
The previous charts are hypothetical illustrations and intended to demonstrate how a variable annuity with HD Lifetime Five will work over time. Financial Professionals should carefully evaluate all financial considerations including age, sensitivity to risk, time until retirement and time until needing to take income to determine which variable annuity will best suit the needs of the investor.
*The 5% annual compounded growth only line is based on the initial purchase payment (and any purchase credits where applicable) and reflects the benefit’s minimum Total Protected Withdrawal Value.
If a significant amount of the contract value is systematically transferred to the Benefit Fixed Rate Account during periods of market decline or low interest rates, less of the contract value may be available to participate in the investment experience of the permitted subaccounts if there is a subsequent market recovery.
Past performance does not guarantee future results. Current performance may be higher or lower than the past performance quoted. The investment return and principal value will fluctuate and units, when redeemed, may be worth more or less than the original cost. The total annual operating expenses for the AST T. Rowe Price Asset Allocation Portfolio for the year ended 12/31/06 are 0.99% of the average daily net assets of the portfolio and is the portfolio expense represented in the 0% return line.
Disclosure for ALL THREE core products (X Series, L Series and B Series) with AST T. Rowe Price Asset Allocation Portfolio.

11. HD Lifetime Five… A Story That’s Easy To Tell!
After income begins:
5% Guaranteed Lifetime Income (Based on the Total Protected Withdrawal Value)
Annual Step-Up Opportunities*
Automatic
Based on highest “Quarterversary”
*Upon step-up, the fee for HD Lifetime Five may be different.
What are HD Lifetime Five’s advantages to clients after they begin taking income? First, they will receive a stable, predictable, guaranteed, lifetime income of no less than 5% of the Total Protected Withdrawal Value. This guaranteed lifetime income has no age triggers- meaning simply, the client does not have to reach a certain attained age before the guaranteed income can begin, if they are old enough to buy the benefit, (55), they can begin their income the same day.
Second- Step-up opportunities are automatic and are based on a “quarterversary” value. “Quarterversary” is a term we invented to accurately describe the step ups. It describes a benefit that each year at annuity anniversary will look back at the previous four quarters and lock in the highest quarterly value for the year, as the basis for a new higher income amount going forward.
Step-ups based on a quarterly value is yet another industry leading feature of HD Lifetime Five, that we think represents the greatest opportunity to automatically lock in a higher income for clients who have already begun drawing income!
One important note: Upon step-up, after income begins, the fee for HD Lifetime Five may be different. Clients will be notified in advance of the ability to opt out of a step-up that would result in a fee increase.
Let me take a moment to check in with everyone – Are you with me so far? Any questions to this point? Does this seem like an income story you think your clients would be interested in?
Again, now that we have talked about how the benefit works after your client starts taking income, let’s look at a visual depiction of the quarterversary step-ups.

12. After Income Begins… “Quarterversary” Step-Up Opportunities!
Account Value
HIGHEST QUARTERLY VALUE
CLIENT’S
HIGHER
INCOME
AMOUNT
BEGINS
ONGOING
WITHDRAWALS
After withdrawals begin, HD Lifetime Five provides opportunities for clients to receive a greater income in retirement, based on their account’s highest quarterly value.
In this example, we see how HD Lifetime Five can capture positive performance for a client who has already begun taking income. In Q1 the account reaches a high value, which is higher than the Total Protected Withdrawal Value on which the initial income was based. At annuity anniversary Q4 in this example, HD Lifetime Five automatically looks back at the highest quarter (Q1) and locks in that value as the basis for the client’s new higher income amount.
So the new income stream will never be less than 5% of the high value locked in at Q1, but could be higher due to subsequent step-ups in the quarters to come. The new higher income amount will be paid to the client for the rest of his or her life, even if the account value runs out!
QUARTERS Q1 Q2 Q3 Q4
This hypothetical example is for illustrative purposes only and is not meant to represent the performance of any specific annuity. If this were an actual example, various costs would be factored into the gross return, including annual insurance charges of the annuity, annual contract charges, any applicable distribution charges, investment management fees of the variable subaccounts, the cost for any optional features, and any other applicable fees. Please read the prospectus carefully for descriptions of the underlying costs. Guarantees are backed by the claims-paying ability of the issuing company.

13. HD Lifetime Five Minimum issue age: 55 (single life only)
Cost: 0.60% (assessed against the average daily net assets of the variable subaccounts and as a reduction to the interest rate credited to the Benefit Fixed Rate Account)
Available only with one or more asset allocation portfolios (Day 1: Dollars are 100% invested in chosen portfolio(s))*
Let’s look at the specs for Highest Daily Lifetime Five – (Read Page).
* HD Lifetime Five will allocate account value to the Benefit Fixed Rate Account, as necessary, based on a predetermined mathematical formula.
The Total Protected Withdrawal Value is only available through withdrawals; it is not available as cash or a lump sum.

14. *Available after 10 years, assuming no withdrawals have been made.
The 10% Opportunity*
*Available after 10 years, assuming no withdrawals have been made.
ENHANCED PROTECTED WITHDRAWAL VALUE GUARANTEE
$400,000
INITIAL
PURCHASE
PAYMENT
$200,000
ACCOUNT VALUE
Note to presenter – Slides are optional however, they must be used together.
This example shows the investor’s initial purchase payment doubling after 10 years for income purposes (assuming no withdrawals were taken). In this example, the investor’s lifetime income would have been based on the EPWVG or $400,000.
Now, let’s take a closer look at how the income is calculated. $0
YEARS
*The 10% income scenario applies to the Enhanced Protected Withdrawal Value Guarantee only, not the account value. The Enhanced Protected Withdrawal Value Guarantee is only available through withdrawals. It is not available as cash or a lump sum. Guarantees are backed by the claims-paying ability of the issuing company.

15. Lifetime income equal to 10%*
The 10% Opportunity
$400,000 X 5% = $20,000
Annual Income Amount
ENHANCED PROTECTED WITHDRAWAL VALUE GUARANTEE
$400,000
Annual Income Amount
Initial Purchase Payment =
Lifetime income equal to 10%*
of initial purchase payment!
INITIAL
PURCHASE
PAYMENT
$200,000
ACCOUNT VALUE =
$20,000
$200,000
Note to presenter – Slides are optional however, they must be used together.
This example shows what would have happened if an investor elected the HD Lifetime Five benefit with a single initial purchase payment of $200,000 and waited ten years to take withdrawals. At the end of the ten year period, the worst case scenario for the investor is that the Enhanced Protected Withdrawal Value Guarantee (EPWVG), the basis for lifetime income, is double the $200,000 purchase payment or $400,000. Once the investor begins taking withdrawals, the annual income amount will be based on 5% of $400,000 or $20,000, which is 10%* of the initial purchase payment. That’s 10% of the original purchase payment for life!
The 10% income scenario applies to the EPWVG only, not the account value. The EPWVG is only available through withdrawals. It is not available as cash or a lump sum. Guarantees are backed by the claims-paying ability of the issuing company.
*It is important to note that the income equaling 10% of the initial purchase payment does not equate to a 10% rate of return.
YEARS
*The 10% income scenario applies to the Enhanced Protected Withdrawal Value Guarantee only, not the account value. The Enhanced Protected Withdrawal Value Guarantee is only available through withdrawals. It is not available as cash or a lump sum. Guarantees are backed by the claims-paying ability of the issuing company.

16. Lifetime income equal to 10%* Lifetime income equal to 10%
The 10% Opportunity
$400,000 X 5% = $20,000
Annual Income Amount
ENHANCED PROTECTED WITHDRAWAL VALUE GUARANTEE
$400,000
Lifetime income equal to 10%*
of initial purchase payment!
INITIAL
PURCHASE
PAYMENT
$200,000
Annual Income Amount
Lifetime income equal to 10%
of initial purchase payment!
ACCOUNT VALUE
$20,000 = =
Initial Purchase Payment
$200,000
Note to presenter – Slides are optional however, they must be used together.
In this example, we see what would happen if an investor elects the HD Lifetime Five benefit with a single initial purchase payment of $200,000 and waits ten years to take withdrawals. At the end of the ten year period, the worst case scenario for the investor is that the Enhanced Protected Withdrawal Value Guarantee(EPWV), the basis for lifetime income, is double the $200,000 purchase payment or $400,000. Once the investor begins taking withdrawals, the annual income amount will be based on 5% of $400,000 or $20,000, which is 10%* of the initial purchase payment. That’s 10% for life!
The 10% income scenario applies to the EPWVG only, not the account value. The EPWV is only available through withdrawals. It is not available as cash or a lump sum. Guarantees are backed by the claims-paying ability of the issuing company.
*It is important to note that the income equaling 10% of the initial purchase payment does not equate to a 10% rate of return.
YEARS
*The 10% income scenario applies to the Enhanced Protected Withdrawal Value Guarantee only, not the account value. The Enhanced Protected Withdrawal Value Guarantee is only available through withdrawals. It is not available as cash or a lump sum. Guarantees are backed by the claims-paying ability of the issuing company.

17. The 10% Opportunity… Enhanced Protected Withdrawal Value Guarantee*
Opportunities:
Guarantees a minimum lifetime income based on at least double the account value at benefit election (plus any purchase credits)**
Guarantees annual lifetime income equal to 10% of initial purchase payment (after 10 years, assuming no withdrawals)
Conditions:
Clients must wait 10 years before taking any withdrawals
Available through withdrawals only; not as a lump sum
10% does not represent a rate of return
Note to presenter – Slides are optional however, they must be used together.
Read Slide
Regardless of market performance, the EPWVG provides the investor a lifetime income equal to 10% of their initial purchase payment (after 10 years, assuming no withdrawals).
* The Enhanced Protected Withdrawal Value Guarantee is only available through withdrawals. It is not available as cash or a lump sum.
** Additional purchase payments add to the Enhanced Protected Withdrawal Guarantee Value in these amounts:
200% of all purchase payments (and any purchase credits) made within 12 months after benefit election
100% of all purchase payments (and any purchase credits) made thereafter, but prior to first withdrawal

18. HD Lifetime Five… A Comprehensive Benefit
Helps Client Win - Up Market
Over 250 step-up opportunities a year before income begins!*
Daily lock-ins growing at a compounded 5%
“Quarterversary” step-up opportunities after income begins
Helps Client Win - Down Market
5% growth on the account value’s highest day
A minimum basis for lifetime income equal to 200% of purchase payments (and any applicable credits)*
Model can help protect against market downturns by preserving account value**
Let’s summarize how clients can win with Highest Daily Lifetime Five:
Helps Client win- Up Market
Over 250 step-up opportunities every year! (for the first 10 years from benefit election or until first withdrawal if sooner)
Lock in of their highest daily account value growing at a compounded 5% rate for income purposes
“Quarterversary” step-up opportunities after income begins
Helps Client win- Down market
5% growth on the account value’s daily value – offers baseline protection of income in down markets.
After 10 years for benefit election date, HD Lifetime Five’s Enhanced Protected Withdrawal Value Guarantee will provide a minimum basis for lifetime income equal to 200% of Purchase Payments and any credits (assuming no withdrawals for the first ten years from benefit election)
Additional benefits for you:
You may experience less calls from panicked clients in market downturns,
The notion from the client that you and not the HD Lifetime Five Benefit are managing their annuity contract through all market conditions.
Prudential Wins- We can deliver an innovative retirement product to you that helps protect your clients everyday, and allows us to efficiently manage the risk transferred from your clients personal balance sheet, all at a reasonable cost of 0.60%!
In closing, I hope you are as excited about the opportunity that HD Lifetime Five brings for your clients, and I really look forward to working with each of you on creating a marketing plan, either with our Retirement Red Zone program or a custom program that can help you grow your business starting today!
*Assuming no withdrawals for the first ten years from benefit election
**If significant amounts are invested in the Benefit Fixed Rate Account, it may affect the ability to participate in a subsequent market recovery

19. & Questions Questions Answers Answers Thank You!
Thank you for your attention today. I’ll be happy to answer any questions that you may have.
Answers
Answers

20. Disclosure
Investors should consider the contract and underlying portfolios’ investment objectives, risks, and charges and expenses carefully before investing. This and other important information are in the prospectuses, which can be obtained from our National Sales Desk. Have your clients read them carefully before investing.
HD Lifetime Five may not be available in all states. HD Lifetime Five may not be elected in conjunction with certain optional benefits. See the prospectus for more detailed information. Early withdrawals may be subject to surrender charges. Partial or complete surrenders of taxable amounts may be subject to ordinary income tax and, if prior to age 59½, may result in an additional 10% federal income tax penalty. Early withdrawals can reduce the living benefit, death benefit and cash surrender value.
All guarantees are backed by the claims-paying ability of the issuing company. Guarantees do not apply to the investment performance or safety of the underlying subaccounts in the variable annuity. Annuity contracts contain exclusions, limitations, reductions of benefits and terms for keeping them in force. Your licensed financial professional can provide you with complete details.
Disclosure

21. Disclosure
Variable annuities are issued by Pruco Life Insurance Company (in NY, issued by Pruco Life Insurance Company of New Jersey), both located in Newark, NJ and distributed by Prudential Annuities Distributors, Inc., Shelton, CT. All are Prudential Financial companies, and each is solely responsible for its financial condition and contractual obligations. Prudential Annuities is a business unit of Prudential Financial. Wachovia Corporation is the majority owner and Prudential Financial, indirectly through subsidiaries, is a minority owner of Wachovia Securities, LLC.
Prudential, Prudential Financial, the Rock logo and the Rock Prudential logo are registered service marks of the Prudential Insurance Company of America and its affiliates.
Disclosure
Issued on RID-HDLT(9/06), et al or state variation thereof
BLX/CRT (3/06)-01, et al of state variation thereof.
ANNUITIES:
NOT FDIC OR GOVERNMENT AGENCY INSURED
NOT BANK OR CREDIT UNION GUARANTEED
MAY LOSE VALUE