424B3: Prospectus [Rule 424(b)(3)]
Published on
PRUCO LIFE INSURANCE COMPANY
PRUCO LIFE INSURANCE COMPANY OF NEW JERSEY
STRATEGIC PARTNERS/SM/ ANNUITY ONE 3 VARIABLE ANNUITY ("SPAO 3")
STRATEGIC PARTNERS/SM/ PLUS 3 VARIABLE ANNUITY ("SP PLUS 3")
STRATEGIC PARTNERS/SM/ FLEXELITE VARIABLE ANNUITY ("SP FLEXELITE")
Amendment to Supplement dated February 23, 2009
To
Prospectuses dated May 1, 2008, as Supplemented
This supplement should be read and retained with the prospectus and
supplements for your SPAO 3, SPAO Plus 3, and SP Flexelite Annuity. If you
would like another copy of the prospectus or the supplements, please call us
at 1-800-PRU-2888. The terms used in this supplement are defined in the
Glossary of Terms in the Prospectus, unless specifically defined in a
supplement to the Prospectus.
The February 23, 2009 Supplement offering the following optional living
benefits: Highest Daily Lifetime 7 Plus and Spousal Highest Daily Lifetime 7
Plus, is hereby amended as follows.
The "Summary of Contract Fees and Charges - Your Optional Benefit Fees and
Charges" Table on page 3 of your Supplement is hereby replaced in its entirety
with the following Table. The Table is being revised to clarify how the
Optional Benefit Fee is deducted from your Annuity. In the Table below, "CV"
refers to Contract Value and "PWV" refers to Protected Withdrawal Value.
SPVASUP5
The following line items are added to the prospectus (on page 14 for Pruco
Life ("PL") SPAO 3, page 13 for Pruco Life of New Jersey ("PLNJ") SPAO 3, page
13 for Flexelite, page 14 for PL SPAO Plus 3, and page 13 for PLNJ SPAO Plus
3) section "Summary of Contract Expenses - Insurance and Administrative
Expenses with the Indicated Benefits." The entire table of "Summary of
Contract Expenses" can be found on page 13 PL SPAO 3, page 12 PLNJ SPAO 3,
page 12 Flexelite, page 13 PL SPAO Plus, and page 12 PLNJ SPAO Plus of your
prospectus.
SUMMARY OF CONTRACT EXPENSES
How Charge is Determined
1. Highest Daily Lifetime 7 Plus. Charge for this benefit is assessed against
the greater of the Contract Value ("CV") and Protected Withdrawal Value
("PWV"). As discussed in the description of the benefit, the charge is
taken out of the Sub-accounts. SPAO 3, 0.75% of PWV is in addition to 1.50%
annual charge of amounts invested in the Sub-accounts. For SP Plus 3, 0.75%
of the greater of CV and PWV is in addition to 1.50% annual charge of
amounts invested in the Sub-accounts. For both SPAO 3 and SP Plus 3
Contracts without the Credit, the 0.75% of the greater of CV and PWV is in
addition to 1.40% annual charge of amounts invested in the Sub-accounts.
For SP Flexelite, 0.75% of the greater of the CV and of PWV is in addition
to 1.65% annual charge of amounts invested in the Sub-accounts (or 1.60%
annual charge of amounts invested in the Sub-accounts for contracts sold
prior to May 1, 2003, or upon subsequent state approval).
Spousal Highest Daily Lifetime 7 Plus. Charge for this benefit is assessed
against the greater of the Contract Value ("CV") and the Protected
Withdrawal Value ("PWV"). As discussed in the description of the benefit,
the charge is taken out of the Sub-accounts. SPAO 3, 0.90% of the greater
of CV and PWV is in addition to 1.50% annual charge of amounts invested in
the Sub-accounts. For SP Plus 3, 0.90% of the greater of CV and PWV is in
addition to 1.50% annual charge of amounts invested in the Sub-accounts.
For both SPAO 3 and SP Plus 3 Contracts without the Credit, the 0.90% of
the greater of CV and PWV is in addition to 1.40% annual charge of amounts
invested in the Sub-accounts. For SP Flexelite, 0.90% of the greater of the
CV and PWV is in addition to 1.65% annual charge of amounts invested in the
Sub-accounts (or 1.60% annual charge of amounts invested in the
Sub-accounts for contracts sold prior to May 1, 2003, or upon subsequent
state approval).
2. The Total Annual Charge includes the Insurance Charge assessed against the
average daily net assets allocated to the Sub-accounts. If you elect more
than one optional benefit, the Total Annual Charge would be increased to
include the charge for each optional benefit.
3. We reserve the right to increase the charge to the maximum charge
indicated, upon any step-up or reset under the benefit, or new election of
the benefit.
2
SPVASUP5