424B3 1 d424b3.txt SP SELECT/PRUCO LIFE FLEXIBLE SUPPLEMENT DATED MAY 1,2006 Pruco Life Insurance Company Pruco Life Insurance Company of New Jersey Strategic Partners Advisor Strategic Partners Annuity One Strategic Partners Plus Strategic Partners Annuity One 3 Strategic Partners Plus 3 Strategic Partners FlexElite Strategic Partners Select Supplement, dated May 1, 2006 To Prospectuses, dated May 1, 2006 In the Summary Of Contract Expenses section of each prospectus, we replace the table entitled "Underlying Mutual Fund Portfolio Annual Expenses" with the following table. Please note that the Evergreen funds listed in the following table are offered only within Strategic Partners Plus and Strategic Partners Plus 3. UNDERLYING MUTUAL FUND PORTFOLIO ANNUAL EXPENSES AS A PERCENTAGE OF THE AVERAGE NET ASSETS OF THE UNDERLYING PORTFOLIOS
TOTAL ANNUAL MANAGEMENT OTHER PORTFOLIO OPERATING FEES EXPENSES/1/ 12b-1 FEES EXPENSES ---------- ---------- ---------- ------------------- The Prudential Series Fund(Class I shares)/2/ Jennison Portfolio.................................... 0.60% 0.03% None 0.63% Prudential Equity Portfolio/3/........................ 0.45% 0.02% None 0.47% Prudential Global Portfolio/4/........................ 0.75% 0.07% None 0.82% Prudential Money Market Portfolio..................... 0.40% 0.05% None 0.45% Prudential Stock Index Portfolio...................... 0.35% 0.03% None 0.38% Prudential Value Portfolio............................ 0.40% 0.03% None 0.43% SP Aggressive Growth Asset Allocation Portfolio /5,6/. 0.83% 0.09% None 0.92% SP AIM Core Equity Portfolio.......................... 0.85% 0.43% None 1.28% SP Balanced Asset Allocation Portfolio /5,6/.......... 0.75% 0.10% None 0.85% SP Conservative Asset Allocation Portfolio /5,6/...... 0.74% 0.04% None 0.78% SP Davis Value Portfolio.............................. 0.75% 0.07% None 0.82% SP Growth Asset Allocation Portfolio /5,6/............ 0.79% 0.09% None 0.88% SP Large Cap Value Portfolio /5/...................... 0.80% 0.03% None 0.83% SP LSV International Value Portfolio.................. 0.90% 0.16% None 1.06% SP Mid Cap Growth Portfolio........................... 0.80% 0.22% None 1.02% SP PIMCO High Yield Portfolio......................... 0.60% 0.07% None 0.67% SP PIMCO Total Return Portfolio....................... 0.60% 0.02% None 0.62% SP Prudential U.S. Emerging Growth Portfolio.......... 0.60% 0.20% None 0.80% SP Small Cap Growth Portfolio......................... 0.95% 0.10% None 1.05%
AS A PERCENTAGE OF THE AVERAGE NET ASSETS OF THE UNDERLYING PORTFOLIOS
TOTAL ANNUAL MANAGEMENT OTHER PORTFOLIO OPERATING FEES EXPENSES/1/ 12b-1 FEES EXPENSES ---------- ---------- ---------- ------------------- SP Small-Cap Value Portfolio (formerly SP Goldman Sachs Small Cap Value Portfolio)/7/.................. 0.90% 0.07% None 0.97% SP Strategic Partners Focused Growth Portfolio......... 0.90% 0.24% None 1.14% SP T. Rowe Price Large-Cap Growth Portfolio (formerly SP AllianceBernstein Large-Cap Growth Portfolio)/8,9 /.................................................... 0.90% 0.26% None 1.16% SP William Blair International Growth Portfolio........ 0.85% 0.13% None 0.98% American Skandia Trust /2,10/ AST Advanced Strategies Portfolio...................... 0.85% 0.18% None 1.03% AST Aggressive Asset Allocation Portfolio/11/.......... 1.04% 0.29% None 1.33% AST AllianceBernstein Core Value Portfolio............. 0.75% 0.19% None 0.94% AST AllianceBernstein Growth & Income Portfolio........ 0.75% 0.13% None 0.88% AST AllianceBernstein Managed Index 500 Portfolio...... 0.60% 0.17% None 0.77% AST American Century Income & Growth Portfolio......... 0.75% 0.18% None 0.93% AST American Century Strategic Balanced Portfolio...... 0.85% 0.23% None 1.08% AST Balanced Asset Allocation Portfolio/11/............ 0.95% 0.20% None 1.15% AST Capital Growth Asset Allocation Portfolio/11/...... 1.00% 0.20% None 1.20% AST Cohen & Steers Realty Portfolio.................... 1.00% 0.18% None 1.18% AST Conservative Asset Allocation Portfolio/11/........ 0.94% 0.24% None 1.18% AST DeAM Large-Cap Value Portfolio..................... 0.85% 0.22% None 1.07% AST DeAM Small-Cap Growth Portfolio.................... 0.95% 0.20% None 1.15% AST DeAM Small-Cap Value Portfolio..................... 0.95% 0.24% None 1.19% AST Federated Aggressive Growth Portfolio.............. 0.95% 0.17% None 1.12% AST First Trust Balanced Target Portfolio.............. 0.85% 0.19% None 1.04% AST First Trust Capital Appreciation Target Portfolio.. 0.85% 0.19% None 1.04% AST Global Allocation Portfolio........................ 0.86% 0.23% None 1.09% AST Goldman Sachs Concentrated Growth Portfolio........ 0.90% 0.16% None 1.06% AST Goldman Sachs Mid-Cap Growth Portfolio............. 1.00% 0.18% None 1.18% AST High Yield Portfolio (formerly, AST Goldman Sachs High Yield Portfolio)/12/............................ 0.75% 0.19% None 0.94% AST JPMorgan International Equity Portfolio............ 0.88% 0.19% None 1.07% AST Large-Cap Value Portfolio (formerly AST Hotchkis and Wiley Large-Cap Value Portfolio)/13,14,15/....... 0.75% 0.16% None 0.91% AST Lord Abbett Bond-Debenture Portfolio............... 0.80% 0.17% None 0.97% AST Marsico Capital Growth Portfolio................... 0.90% 0.13% None 1.03% AST MFS Global Equity Portfolio........................ 1.00% 0.26% None 1.26% AST MFS Growth Portfolio............................... 0.90% 0.18% None 1.08% AST Mid Cap Value Portfolio (formerly, AST Gabelli All-Cap Value Portfolio)/16/......................... 0.95% 0.22% None 1.17% AST Neuberger Berman Mid-Cap Growth Portfolio.......... 0.90% 0.18% None 1.08% AST Neuberger Berman Mid-Cap Value Portfolio........... 0.89% 0.14% None 1.03% AST PIMCO Limited Maturity Bond Portfolio.............. 0.65% 0.15% None 0.80% AST Preservation Asset Allocation Portfolio/11/........ 0.89% 0.38% None 1.27% AST Small-Cap Value Portfolio /13,17/.................. 0.90% 0.17% None 1.07% AST T. Rowe Price Asset Allocation Portfolio........... 0.85% 0.23% None 1.08% AST T. Rowe Price Global Bond Portfolio................ 0.80% 0.21% None 1.01% AST T. Rowe Price Natural Resources Portfolio.......... 0.90% 0.18% None 1.08% Evergreen Variable Annuity Trust Evergreen VA Balanced Fund............................. 0.30% 0.20% None 0.50% Evergreen VA Fundamental Large Cap Fund................ 0.58% 0.18% None 0.76% Evergreen VA Growth Fund............................... 0.70% 0.22% None 0.92% Evergreen VA International Equity Fund................. 0.41% 0.30% None 0.71% Evergreen VA Omega Fund................................ 0.52% 0.19% None 0.71% Evergreen VA Special Values Fund....................... 0.78% 0.19% None 0.97% Gartmore Variable Insurance Trust......................... GVIT Developing Markets Fund /18,19/................... 1.05% 0.37% 0.25% 1.67% Janus Aspen Series Large Cap Growth Portfolio -- Service Shares /19/...... 0.64% 0.02% 0.25% 0.91%
1. As noted above, shares of the Portfolios generally are purchased through variable insurance products. Some of the Portfolios and/or their investment advisers and/or distributors have entered into arrangements with us as the issuer of the contract under which they compensate us 2 for providing ongoing services in lieu of the Series Fund and/or Trust providing such services. Amounts paid by a Portfolio under those arrangements are included under "Other Expenses." 2. The total actual operating expenses for certain of the Portfolios listed above for the year ended December 31, 2005 were less than the amounts shown in the table above, due to fee waivers, reimbursement of expenses, and expense offset arrangements ("Arrangements"). These Arrangements are voluntary and may be terminated at any time. In addition, the Arrangements may be modified periodically. For more information regarding the Arrangements, please see the prospectus and statement of additional information for the Portfolios. 3. Effective December 5, 2005, GE Asset Management was removed as sub-adviser to a portion of the Portfolio. Salomon Brothers Asset Management, Inc. (an existing co-sub-adviser to the Portfolio) assumed responsibility for the assets previously managed by GE Asset Management. 4. Effective December 5, 2005, LSV Asset Management, Marsico Capital Management, LLC, T. Rowe Price Associates, Inc., and William Blair & Company, LLC became the sub-advisers of the Portfolio. Prior to December 5, 2005, Jennison Associates LLC served as sub-adviser to the Portfolio. 5. Effective December 5, 2005, the Portfolio was closed to new purchasers and to existing contract owners who had not previously invested in the Portfolio. 6. Each asset allocation portfolio invests in a combination of underlying portfolios of The Prudential Series Fund. The total expenses for each asset allocation portfolio are calculated as a blend of the fees of the underlying portfolios, plus a 0.05% advisory fee payable to the investment adviser, Prudential Investments LLC. The 0.05% advisory fee is included in the amount of each investment advisory fee set forth in the table above. 7. Effective December 5, 2005, Salomon Brothers Asset Management Inc. began managing a portion of the Portfolio's assets, then named "SP Goldman Sachs Small Cap Value Portfolio." 8. Effective December 5, 2005, T. Rowe Price Associates replaced Alliance Capital Management, L.P. as sub-adviser of the Portfolio, then named "SP AllianceBernstein Large-Cap Growth Portfolio." 9. Effective March 20, 2006, Dreman Value Management LLC began managing a portion of the Portfolio's assets. 10. Until November 18, 2004, the Trust had a Distribution Plan under Rule 12b-1 to permit an affiliate of the Trust's investment managers to receive brokerage commissions in connection with purchases and sales of securities held by the Portfolios, and to use these commissions to promote the sale of shares of the Portfolio. The Distribution Plan was terminated effective November 18, 2004. 11. Effective December 5, 2005, this Portfolio was added as a new asset allocation portfolio. 12. Effective March 20, 2006, Pacific Investment Management Company LLC began managing a portion of the Portfolio's assets, then named "AST Goldman Sachs High Yield Portfolio." 13. Effective December 5, 2005, Salomon Brothers Asset Management Inc. began managing a portion of the Portfolio's assets. 14. Effective December 5, 2005, J.P. Morgan Investment Management, Inc. began managing a portion of the Portfolio's assets, then named "AST Hotchkis and Wiley Large-Cap Value Portfolio." 15. Effective March 20, 2006, Dreman Value Management LLC began managing a portion of the Portfolio's assets. 16. Effective December 5, 2005, EARNEST Partners, LLC and Wedge Capital Management, LLP replaced GAMCO Investors, Inc. as sub-advisers to the Portfolio, then named "AST Gabelli All-Cap Value Portfolio." 17. Effective March 20, 2006, Integrity Asset Management was removed as a sub-adviser to a portion of the Portfolio's assets. Dreman Value Management LLC was added as a sub-adviser and assumed responsibility for the assets previously managed by Integrity Asset Management. 18. Effective January 1, 2006, the management fee was lowered to the base fee described above. Beginning January 1, 2007, the management fee may be adjusted, on a quarterly basis, upward or downward depending on the Fund's performance relative to its benchmark, the MSCI Emerging Market Free Index. As a result, beginning January 1, 2007, if the management fee were calculated taking into account all base fee breakpoints and performance fee adjustments, the management fee could range from 0.85% at its lowest to 1.15% at its highest. 19. Because the 12b-1 fee is charged as an ongoing fee, over time the fee will increase the cost of your investment and may cost you more than paying other types of sales charges We make the following changes to the Appendix entitled "Selecting the Variable Annuity That's Right For You": . In the sub-heading entitled "Hypothetical Illustration, " within the bullet that refers to the "average of all fund expenses", we replace the reference to 0.99% with 1.00%. . With respect to Pruco Life Insurance Company's Strategic Partners Annuity One and Strategic Partners Plus, we replace the tables (and accompanying footnotes) entitled "0% Gross Return" and "6% Gross Return" with the first set of tables that follows. . With respect to Pruco Life Insurance Company's Strategic Partners Advisor, Strategic Partners Select, Strategic Partners FlexElite, Strategic Partners Annuity One 3, and Strategic Partners Plus 3, and Pruco Life Insurance Company of New Jersey's Strategic Partners Advisor, Strategic Partners Select, Strategic Partners Annuity One 3, and Strategic Partners Plus 3, we replace the tables (and accompanying footnotes) entitled "0% Gross Return" and "6% Gross Return" with the second set of tables that follows. 3 0% Gross Return
Strategic Partners Strategic Partners Strategic Partners Annuity One /Plus Annuity One /Plus Strategic Partners Advisor Strategic Partners Select Annuity One /Plus Bonus Enhanced Non Bonus Enhanced Bonus -------------------------- ------------------------- ----------------------- ------------------ ------------------ Contract Surrender Contract Surrender Contract Surrender Contract Surrender Contract Surrender Value Value Value Value Value Value Value Value Value Value -------- --------- -------- --------- -------- --------- -------- --------- -------- --------- 1 $97,649 $97,649 $97,534 $91,406 $101,555 $95,255 $97,649 $91,513 $101,455 $94,138 2 $95,347 $95,347 $95,122 $90,015 $ 99,161 $92,861 $95,347 $90,226 $ 98,966 $91,848 3 $93,100 $93,100 $92,770 $88,632 $ 96,824 $90,524 $93,100 $88,945 $ 96,538 $89,615 4 $90,905 $90,905 $90,477 $87,257 $ 94,542 $89,469 $90,905 $87,669 $ 94,170 $87,436 5 $88,763 $88,763 $88,239 $85,892 $ 92,313 $88,197 $88,763 $86,400 $ 91,859 $86,129 6 $86,670 $86,670 $86,058 $84,536 $ 90,137 $86,931 $86,670 $85,137 $ 89,606 $84,829 7 $84,627 $84,627 $83,930 $83,190 $ 88,012 $85,672 $84,627 $83,881 $ 87,407 $83,537 8 $82,633 $82,633 $81,855 $81,855 $ 85,938 $84,419 $82,633 $82,633 $ 85,263 $85,263 9 $80,685 $80,685 $79,831 $79,831 $ 83,912 $83,173 $80,685 $80,685 $ 83,171 $83,171 10 $78,783 $78,783 $77,857 $77,857 $ 81,934 $81,934 $78,783 $78,783 $ 81,131 $81,131 11 $76,926 $76,926 $75,932 $75,932 $ 80,003 $80,003 $76,926 $76,926 $ 79,140 $79,140 12 $75,113 $75,113 $74,054 $74,054 $ 78,117 $78,117 $75,113 $75,113 $ 77,199 $77,199 13 $73,342 $73,342 $72,189 $72,189 $ 76,276 $76,276 $73,342 $73,342 $ 75,305 $75,305 14 $71,613 $71,613 $70,370 $70,370 $ 74,478 $74,478 $71,579 $71,579 $ 73,457 $73,457 15 $69,925 $69,925 $68,596 $68,596 $ 72,722 $72,722 $69,858 $69,858 $ 71,621 $71,621 16 $68,277 $68,277 $66,866 $66,866 $ 71,008 $71,008 $68,177 $68,177 $ 69,829 $69,829 17 $66,667 $66,667 $65,178 $65,178 $ 69,334 $69,334 $66,536 $66,536 $ 68,082 $68,082 18 $65,096 $65,096 $63,532 $63,532 $ 67,700 $67,700 $64,933 $64,933 $ 66,378 $66,378 19 $63,562 $63,562 $61,927 $61,927 $ 66,104 $66,104 $63,368 $63,368 $ 64,715 $64,715 20 $62,063 $62,063 $60,362 $60,362 $ 64,546 $64,546 $61,840 $61,840 $ 63,093 $63,093 21 $60,600 $60,600 $58,835 $58,835 $ 63,024 $63,024 $60,348 $60,348 $ 61,511 $61,511 22 $59,172 $59,172 $57,346 $57,346 $ 61,539 $61,539 $58,892 $58,892 $ 59,968 $59,968 23 $57,777 $57,777 $55,894 $55,894 $ 60,088 $60,088 $57,469 $57,469 $ 58,462 $58,462 24 $56,415 $56,415 $54,478 $54,478 $ 58,672 $58,672 $56,081 $56,081 $ 56,994 $56,994 25 $55,085 $55,085 $53,097 $53,097 $ 57,289 $57,289 $54,724 $54,724 $ 55,562 $55,562
Assumptions: 1. $100,000 initial investment 2. As of December 31, 2005 the average fund expenses = 1.00% 3. No optional death benefit(s) and/or living benefit(s) were elected 4. These reductions result in hypothetical net rates of return as follows: Strategic Partners Advisor -2.36%, Strategic Partners Select -2.47%, Strategic Partners Annuity One/Plus Bonus -2.36%, Strategic Partners Annuity One/Plus Enhanced Non-Bonus -2.36%, Strategic Partners Annuity One/Plus Enhanced Bonus -2.45% 5. The Illustration above illustrates 100% invested into the variable sub-accounts. Investments into the fixed rate accounts, as noted above, may receive a higher rate of interest in one product over another causing Contract Values to differ in relation to one another 6. Surrender Value assumes surrender 2 days prior to contract anniversary 4 6% Gross Return
Strategic Partners Strategic Partners Strategic Partners Annuity One /Plus Annuity One/Plus Strategic Partners Advisor Strategic Partners Select Annuity One/Plus Bonus Enhanced Non Bonus Enhanced Bonus -------------------------- ------------------------- ---------------------- -------------------- -------------------- Contract Surrender Contract Surrender Contract Surrender Contract Surrender Contract Surrender Value Value Value Value Value Value Value Value Value Value ---------- --------- ---------- --------- -------- --------- ---------- --------- ---------- --------- 1 $103,492 $103,492 $103,370 $ 96,834 $107,631 $101,331 $103,492 $ 96,948 $107,526 $ 99,724 2 $107,115 $107,115 $106,863 $101,051 $111,400 $105,100 $107,115 $101,289 $111,181 $103,087 3 $110,866 $110,866 $110,473 $105,450 $115,300 $109,000 $110,866 $105,823 $114,960 $106,564 4 $114,748 $114,748 $114,206 $110,039 $119,338 $112,778 $114,748 $110,558 $118,868 $110,160 5 $118,765 $118,765 $118,065 $114,824 $123,516 $117,841 $118,765 $115,503 $122,909 $115,006 6 $122,924 $122,924 $122,055 $119,814 $127,841 $123,128 $122,924 $120,666 $127,087 $120,063 7 $127,228 $127,228 $126,179 $125,018 $132,317 $128,648 $127,228 $126,056 $131,407 $125,338 8 $131,683 $131,683 $130,443 $130,443 $136,950 $134,411 $131,683 $131,683 $135,875 $135,875 9 $136,293 $136,293 $134,851 $134,851 $141,745 $140,428 $136,293 $136,293 $140,493 $140,493 10 $141,066 $141,066 $139,407 $139,407 $146,708 $146,708 $141,066 $141,066 $145,269 $145,269 11 $146,005 $146,005 $144,118 $144,118 $151,845 $151,845 $146,005 $146,005 $150,208 $150,208 12 $151,117 $151,117 $148,988 $148,988 $157,162 $157,162 $151,117 $151,117 $155,314 $155,314 13 $156,408 $156,408 $154,022 $154,022 $162,665 $162,665 $156,408 $156,408 $160,594 $160,594 14 $161,885 $161,885 $159,227 $159,227 $168,360 $168,360 $161,885 $161,885 $166,053 $166,053 15 $167,553 $167,553 $164,607 $164,607 $174,255 $174,255 $167,553 $167,553 $171,698 $171,698 16 $173,420 $173,420 $170,169 $170,169 $180,356 $180,356 $173,420 $173,420 $177,534 $177,534 17 $179,492 $179,492 $175,919 $175,919 $186,671 $186,671 $179,492 $179,492 $183,570 $183,570 18 $185,776 $185,776 $181,863 $181,863 $193,207 $193,207 $185,776 $185,776 $189,810 $189,810 19 $192,281 $192,281 $188,009 $188,009 $199,972 $199,972 $192,281 $192,281 $196,262 $196,262 20 $199,014 $199,014 $194,362 $194,362 $206,974 $206,974 $199,014 $199,014 $202,934 $202,934 21 $205,982 $205,982 $200,929 $200,929 $214,221 $214,221 $205,982 $205,982 $209,833 $209,833 22 $213,194 $213,194 $207,719 $207,719 $221,722 $221,722 $213,194 $213,194 $216,966 $216,966 23 $220,659 $220,659 $214,737 $214,737 $229,485 $229,485 $220,659 $220,659 $224,341 $224,341 24 $228,385 $228,385 $221,994 $221,994 $237,520 $237,520 $228,385 $228,385 $231,968 $231,968 25 $236,382 $236,382 $229,495 $229,495 $245,837 $245,837 $236,382 $236,382 $239,853 $239,853
Assumptions: 1. $100,000 initial investment 2. As of December 31, 2005 the average fund expenses = 1.00% 3. No optional death benefit(s) and/or living benefit(s) were elected 4. These reductions result in hypothetical net rates of return as follows: Strategic Partners Advisor: 3.50%, Strategic Partners Select: 3.38%, Strategic Partners Annuity One/Plus Bonus: 3.50%, Strategic Partners Annuity One/Plus Enhanced Non-Bonus: 3.50%, Strategic Partners Annuity One/Plus Enhanced Bonus: 3.40% 5. The Illustration above illustrates 100% invested into the variable sub-accounts. Investments into the fixed rate accounts, as noted above, may receive a higher rate of interest in one product over another causing Contract Values to differ in relation to one another 6. Surrender Value assumes surrender 2 days prior to contract anniversary 5 0% Gross Return
Strategic Partners Strategic Partners Strategic Partners Annuity One 3/Plus 3 Annuity One 3/Plus 3 Strategic Partners Advisor Strategic Partners Select Flex Elite 2 Non Bonus Bonus -------------------------- ------------------------- ------------------ -------------------- -------------------- Contract Surrender Contract Surrender Contract Surrender Contract Surrender Contract Surrender Value Value Value Value Value Value Value Value Value Value -------- --------- -------- --------- -------- --------- -------- --------- -------- --------- 1 $97,649 $97,649 $97,534 $91,406 $97,410 $91,291 $97,649 $91,513 $101,455 $94,138 2 $95,347 $95,347 $95,122 $90,015 $94,831 $88,892 $95,347 $90,226 $ 98,966 $91,848 3 $93,100 $93,100 $92,770 $88,632 $92,319 $86,556 $93,100 $88,945 $ 96,538 $89,615 4 $90,905 $90,905 $90,477 $87,257 $89,873 $89,873 $90,905 $87,669 $ 94,170 $87,436 5 $88,763 $88,763 $88,239 $85,892 $87,490 $87,490 $88,763 $86,400 $ 91,859 $86,129 6 $86,670 $86,670 $86,058 $84,536 $85,168 $85,168 $86,670 $85,137 $ 89,606 $84,829 7 $84,627 $84,627 $83,930 $83,190 $82,908 $82,908 $84,627 $83,881 $ 87,407 $83,537 8 $82,633 $82,633 $81,855 $81,855 $80,706 $80,706 $82,633 $82,633 $ 85,263 $85,263 9 $80,685 $80,685 $79,831 $79,831 $78,561 $78,561 $80,685 $80,685 $ 83,171 $83,171 10 $78,783 $78,783 $77,857 $77,857 $76,471 $76,471 $78,783 $78,783 $ 81,131 $81,131 11 $76,926 $76,926 $75,932 $75,932 $74,437 $74,437 $76,926 $76,926 $ 79,140 $79,140 12 $75,113 $75,113 $74,054 $74,054 $72,454 $72,454 $75,113 $75,113 $ 77,199 $77,199 13 $73,342 $73,342 $72,189 $72,189 $70,524 $70,524 $73,342 $73,342 $ 75,305 $75,305 14 $71,613 $71,613 $70,370 $70,370 $68,643 $68,643 $71,579 $71,579 $ 73,457 $73,457 15 $69,925 $69,925 $68,596 $68,596 $66,812 $66,812 $69,858 $69,858 $ 71,621 $71,621 16 $68,277 $68,277 $66,866 $66,866 $65,028 $65,028 $68,177 $68,177 $ 69,829 $69,829 17 $66,667 $66,667 $65,178 $65,178 $63,290 $63,290 $66,536 $66,536 $ 68,082 $68,082 18 $65,096 $65,096 $63,532 $63,532 $61,597 $61,597 $64,933 $64,933 $ 66,378 $66,378 19 $63,562 $63,562 $61,927 $61,927 $59,949 $59,949 $63,368 $63,368 $ 64,715 $64,715 20 $62,063 $62,063 $60,362 $60,362 $58,343 $58,343 $61,840 $61,840 $ 63,093 $63,093 21 $60,600 $60,600 $58,835 $58,835 $56,779 $56,779 $60,348 $60,348 $ 61,511 $61,511 22 $59,172 $59,172 $57,346 $57,346 $55,256 $55,256 $58,892 $58,892 $ 59,968 $59,968 23 $57,777 $57,777 $55,894 $55,894 $53,772 $53,772 $57,469 $57,469 $ 58,462 $58,462 24 $56,415 $56,415 $54,478 $54,478 $52,326 $52,326 $56,081 $56,081 $ 56,994 $56,994 25 $55,085 $55,085 $53,097 $53,097 $50,919 $50,919 $54,724 $54,724 $ 55,562 $55,562
Assumptions: 1. $100,000 initial investment 2. As of December 31, 2005 the average fund expenses = 1.00% 3. No optional death benefit(s) and/or living benefit(s) were elected 4. These reductions result in hypothetical net rates of return as follows: Strategic Partners Advisor -2.36%, Strategic Partners Select -2.47%, Strategic Partners FlexElite 2 -2.63%, Strategic Partners Annuity One 3 Non-Bonus -2.36%, Strategic Partners Annuity Bonus -2.45% 5. The Illustration above illustrates 100% invested into the variable sub-accounts. Investments into the fixed rate accounts, as noted above, may receive a higher rate of interest in one product over another causing Contract Values to differ in relation to one another 6. Surrender Value assumes surrender 2 days prior to contract anniversary 7. Strategic Partners FlexElite 2 figures do not include the optional 1% credit election. Had the credit been included, the Contract Values would be higher, due to the additional credit. However, election of the credit extends the surrender charge for an additional three years, thus lowering surrender value in those years. Please note that Strategic Partners FlexElite 2 is not available through Pruco Life Insurance Company of New Jersey in the state of New York. 6 6% Gross Return
Strategic Partners Strategic Partners Strategic Partners Annuity One 3/Plus 3 Annuity One 3/Plus 3 Strategic Partners Advisor Strategic Partners Select Elite 2 Non Bonus Bonus -------------------------- ------------------------- ------------------ -------------------- -------------------- Contract Surrender Contract Surrender Contract Surrender Contract Surrender Contract Surrender Value Value Value Value Value Value Value Value Value Value ---------- --------- ---------- --------- -------- --------- -------- --------- -------- --------- 1 $103,492 $103,492 $103,370 $ 96,834 $103,238 $ 96,712 $103,492 $ 96,948 $107,526 $ 99,724 2 $107,115 $107,115 $106,863 $101,051 $106,590 $ 99,829 $107,115 $101,289 $111,181 $103,087 3 $110,866 $110,866 $110,473 $105,450 $110,050 $103,048 $110,866 $105,823 $114,960 $106,564 4 $114,748 $114,748 $114,206 $110,039 $113,624 $113,624 $114,748 $110,558 $118,868 $110,160 5 $118,765 $118,765 $118,065 $114,824 $117,313 $117,313 $118,765 $115,503 $122,909 $115,006 6 $122,924 $122,924 $122,055 $119,814 $121,122 $121,122 $122,924 $120,666 $127,087 $120,063 7 $127,228 $127,228 $126,179 $125,018 $125,054 $125,054 $127,228 $126,056 $131,407 $125,338 8 $131,683 $131,683 $130,443 $130,443 $129,115 $129,115 $131,683 $131,683 $135,875 $135,875 9 $136,293 $136,293 $134,851 $134,851 $133,307 $133,307 $136,293 $136,293 $140,493 $140,493 10 $141,066 $141,066 $139,407 $139,407 $137,635 $137,635 $141,066 $141,066 $145,269 $145,269 11 $146,005 $146,005 $144,118 $144,118 $142,104 $142,104 $146,005 $146,005 $150,208 $150,208 12 $151,117 $151,117 $148,988 $148,988 $146,718 $146,718 $151,117 $151,117 $155,314 $155,314 13 $156,408 $156,408 $154,022 $154,022 $151,481 $151,481 $156,408 $156,408 $160,594 $160,594 14 $161,885 $161,885 $159,227 $159,227 $156,400 $156,400 $161,885 $161,885 $166,053 $166,053 15 $167,553 $167,553 $164,607 $164,607 $161,478 $161,478 $167,553 $167,553 $171,698 $171,698 16 $173,420 $173,420 $170,169 $170,169 $166,720 $166,720 $173,420 $173,420 $177,534 $177,534 17 $179,492 $179,492 $175,919 $175,919 $172,134 $172,134 $179,492 $179,492 $183,570 $183,570 18 $185,776 $185,776 $181,863 $181,863 $177,722 $177,722 $185,776 $185,776 $189,810 $189,810 19 $192,281 $192,281 $188,009 $188,009 $183,493 $183,493 $192,281 $192,281 $196,262 $196,262 20 $199,014 $199,014 $194,362 $194,362 $189,450 $189,450 $199,014 $199,014 $202,934 $202,934 21 $205,982 $205,982 $200,929 $200,929 $195,601 $195,601 $205,982 $205,982 $209,833 $209,833 22 $213,194 $213,194 $207,719 $207,719 $201,952 $201,952 $213,194 $213,194 $216,966 $216,966 23 $220,659 $220,659 $214,737 $214,737 $208,509 $208,509 $220,659 $220,659 $224,341 $224,341 24 $228,385 $228,385 $221,994 $221,994 $215,279 $215,279 $228,385 $228,385 $231,968 $231,968 25 $236,382 $236,382 $229,495 $229,495 $222,269 $222,269 $236,382 $236,382 $239,853 $239,853
Assumptions: 1. $100,000 initial investment 2. As of December 31, 2005 the average fund expenses = 1.00% 3. No optional death benefit(s) and/or living benefit(s) were elected 4. These reductions result in hypothetical net rates of return as follows: Strategic Partners Advisor: 3.50%, Strategic Partners Select: 3.38%, Strategic Partners FlexElite 2: 3.21%, Strategic Partners Annuity One 3 Non-Bonus: 3.50%, Strategic Partners Annuity One 3 Bonus: 3.40% 5. The Illustration above illustrates 100% invested into the variable sub-accounts. Investments into the fixed rate accounts, as noted above, may receive a higher rate of interest in one product over another causing Contract Values to differ in relation to one another 6. Surrender Value assumes surrender 2 days prior to contract anniversary 7. Strategic Partners FlexElite 2 figures do not include the optional 1% credit election. Had the credit been included, the Contract Values would be higher, due to the additional credit. However, election of the credit extends the surrender charge for an additional three years, thus lowering surrender value in those years. Please note that Strategic Partners FlexElite 2 is not available through Pruco Life Insurance Company of New Jersey in the state of New York. This prospectus supplement is intended to amend the prospectus for the Contract you own, and is not intended to be a prospectus or offer for any Contract listed here that you do not own. 7