424B3: Prospectus [Rule 424(b)(3)]
Published on
Pruco Life Insurance Company
Strategic Partners Annuity One
Strategic Partners Plus
Strategic Partners Advisor
Strategic Partners FlexElite
Strategic Partners Select
Supplement, dated November 20, 2006
To
Prospectuses, dated May 1, 2006
For each of the above-referenced prospectuses, this supplement reflects certain changes to the underlying mutual funds as well as
disclosure reflecting the maximum charge for the Guaranteed Minimum Income Benefit (available under Strategic Partners Annuity One,
Strategic Partners Plus, and Strategic Partners FlexElite), the Lifetime Five Income Benefit (available under Strategic Partners
Annuity One, Strategic Partners Plus, Strategic Partners FlexElite, and Strategic Partners Advisor), and the Spousal Lifetime Five
Income Benefit (available under Strategic Partners FlexElite).
In the Summary of Contract Expenses section of the prospectus for each of Strategic Partners Annuity One and Strategic Partners Plus,
we revise the line item pertaining to GMIB to read as follows:
Maximum Annual Guaranteed Minimum Income Benefit Charge and
Charge Upon Certain Withdrawals -
as a percentage of average GMIB Protected Value* 1.00%
Annual Guaranteed Minimum Income Benefit Charge and
Charge Upon Certain Withdrawals -
as a percentage of average GMIB Protected Value (current charge) 0.25%
* We reserve the right to increase the charge to the maximum indicated upon any new election of the benefit.
In the table entitled Periodic Account Expenses, Insurance and Administrative Expenses with the Indicated Benefits, we revise the
line items pertaining to the death benefit options and Lifetime Five to read as follows. In addition, we add a footnote (which
appears immediately after "Insurance And Administrative Expenses With The Indicated Benefits"):
Contract Contract without
with Credit
Credit (version under which bonus
(bonus credits generally not credits vest over 7 years)
recapturable after
expiration of free look
period)
Maximum charge for Lifetime Five* 1.50% 1.50%
Lifetime Five Income Benefit (current charge) 0.60% 0.60%
Base Death Benefit 1.50% 1.40%
Guaranteed Minimum Death Benefit Option - Roll-Up or Step-Up 1.70% 1.60%
Guaranteed Minimum Death Benefit Option - Greater of Roll-Up 1.80% 1.70%
or Step-Up
*In our original state filings for this benefit, we set forth maximum charges that we now are in the process of amending.
Specifically, we have commenced filings with the states to establish the 1.50% maximum charge depicted above - - for both
existing contracts and new-issue contracts. As contemplated by those filings, we have the right to increase the charge for this
benefit up to the 1.50% maximum upon a step-up, or for a new election of each such benefit. However, we have no present
intention of increasing the charge for this benefit to that maximum level.
With respect to the Strategic Partners FlexElite prospectus of Pruco Life (version of contract sold prior to May 1, 2003 or upon
subsequent state approval), in the table entitled Periodic Account Expenses, Insurance and Administrative Expenses with the
Indicated Benefits, we revise the line items pertaining to the death benefit options, the GMIB option, Lifetime Five, and
Spousal Lifetime Five to read as follows. In addition, we add a footnote (which appears immediately after "Insurance And
Administrative Expenses With The Indicated Benefits"):
Maximum charge for Lifetime Five* 1.50%
Maximum charge for Spousal Lifetime Five* 1.50%
Lifetime Five Income Benefit (current charge) 0.60%
Spousal Lifetime Five Income Benefit (current charge) 0.75%
Base Death Benefit 1.70%
Guaranteed Minimum Death Benefit Option - Roll-Up or Step-Up 1.90%
Guaranteed Minimum Death Benefit Option - Greater of Roll-Up or Step-Up 2.00%
Maximum Annual Guaranteed Minimum Income Benefit Charge and Charge
Upon Certain Withdrawals - as a percentage of average GMIB Protected Value** 1.00%
Annual Guaranteed Minimum Income Benefit Charge and Charge Upon
Certain Withdrawals - as a percentage of average GMIB Protected Value
(current charge) 0.45%
*In our original state filings for each of these benefits, we set forth maximum charges that we now are in the process of
amending. Specifically, we have commenced filings with the states to establish the 1.50% maximum charge depicted above - - for
both existing contracts and new-issue contracts. As contemplated by those filings, we have the right to increase the charge for
each of these benefits up to the 1.50% maximum upon a step-up, or for a new election of each such benefit. However, we have no
present intention of increasing the charge for those benefits to that maximum level.
** We reserve the right to increase the charge to the maximum indicated upon any reset of the benefit or any new election of the benefit.
In the Summary of Contract Expenses section of the prospectus for Strategic Partners Advisor, under Insurance and Administrative
Expenses, we add line items that set forth the maximum charge for the Lifetime Five Income Benefit and the current charge for
Lifetime Five:
Maximum charge for Lifetime Five Income Benefit* 1.50%
Current charge for Lifetime Five Income Benefit* 0.60%
*The charge for the Lifetime Five Income Benefit is imposed based on the value of assets in the variable investment options
only. In our original state filings for this benefit, we set forth a maximum charge that we now are in the process of amending.
Specifically, we have commenced filings with the states to establish the 1.50% maximum charge depicted above - - for both
existing contracts and new-issue contracts. As contemplated by those filings, we have the right to increase the charge for this
benefit up to the 1.50% maximum upon a step-up, or for a new election of the benefit. However, we have no present intention of
increasing the charges for this benefit to that maximum level.
In Section 2 of each prospectus, we make the following change to the chart setting forth a brief description of each variable
investment option, to reflect a subadviser name change:
o SP Small Cap Value Portfolio, AST Small Cap Value Portfolio, and Prudential Series Fund Equity Portfolio. Salomon Brothers
Asset Management will change its name to ClearBridge Advisors, LLC, effective in December 2006.
In section 2 of each prospectus, we revise the investment objectives/policies section, and portfolio adviser/sub-adviser section for
two Portfolios to read as follows. These new descriptions reflect the addition of sub-advisers as well as revisions to
non-fundamental investment policies:
o SP LSV International Value Portfolio:
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PORTFOLIO
STYLE/ INVESTMENT OBJECTIVES/POLICIES ADVISER/
TYPE SUB-ADVISER
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International SP International Value Portfolio (formerly SP LSV International Value Portfolio): seeks LSV Asset Management,
capital growth. The Portfolio normally invests at least 80% of the Portfolio's investable Thornburg Investment
assets (net assets plus borrowings made for investment purposes) in the equity securities of Management, Inc.
Equity companies in developed countries outside the United States that are represented in the MSCI
EAFE Index.
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o SP William Blair International Growth Portfolio
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PORTFOLIO
STYLE/ INVESTMENT OBJECTIVES/POLICIES ADVISER/
TYPE SUB-ADVISER
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International SP International Growth Portfolio (formerly, SP William Blair International Growth Marsico Capital
Portfolio): seeks long-term capital appreciation. The Portfolio invests primarily in Management LLC,
equity-related securities of foreign issuers. The Portfolio invests primarily in the common William Blair &
stock of large and medium-sized foreign companies, although it may also invest in companies of Company, LLC
all sizes. Under normal circumstances, the Portfolio invests at least 65% of its total assets
Equity in common stock of foreign companies operating or based in at least five different countries,
which may include countries with emerging markets. The Portfolio looks primarily for stocks of
companies whose earnings are growing at a faster rate than other companies or which offer
attractive growth potential.
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This prospectus supplement is intended to amend the prospectus for the annuity you own, and is not intended to be a prospectus
or offer for any annuity listed here that you do not own.
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