0000881453-21-000038.txt : 20210920 0000881453-21-000038.hdr.sgml : 20210920 20210920152415 ACCESSION NUMBER: 0000881453-21-000038 CONFORMED SUBMISSION TYPE: 424B3 PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20210920 DATE AS OF CHANGE: 20210920 FILER: COMPANY DATA: COMPANY CONFORMED NAME: PRUDENTIAL ANNUITIES LIFE ASSURANCE CORP/CT CENTRAL INDEX KEY: 0000881453 STANDARD INDUSTRIAL CLASSIFICATION: INSURANCE CARRIERS, NEC [6399] IRS NUMBER: 061241288 STATE OF INCORPORATION: CT FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 424B3 SEC ACT: 1933 Act SEC FILE NUMBER: 333-252556 FILM NUMBER: 211263153 BUSINESS ADDRESS: STREET 1: ONE CORPORATE DRIVE CITY: SHELTON STATE: CT ZIP: 06484 BUSINESS PHONE: 2039261888 MAIL ADDRESS: STREET 1: ONE CORPORATE DRIVE CITY: SHELTON STATE: CT ZIP: 06484 FORMER COMPANY: FORMER CONFORMED NAME: AMERICAN SKANDIA LIFE ASSURANCE CORP/CT DATE OF NAME CHANGE: 19920929 424B3 1 flexguardpalacvail092021.htm 424B3 Document


PRUDENTIAL ANNUITIES LIFE ASSURANCE CORPORATION

PRUDENTIAL ANNUITIES LIFE ASSURANCE CORPORATION VARIABLE ACCOUNT B

Supplement dated September 20, 2021
to Prospectuses dated April 30, 2021

This supplement updates certain information contained in the prospectus and statement of additional information for your variable annuity contract issued by Prudential Annuities Life Assurance Corporation (PALAC). All terms not defined in this supplement shall have the same meanings as the terms used in the prospectuses and statements of additional information.

On September 15, 2021, Prudential Financial, Inc. (“Prudential”), the parent company of Prudential Annuities, Inc. (“Prudential Annuities”) and Fortitude Group Holdings, LLC (“Fortitude”) announced that they have entered into a definitive agreement under which Prudential will sell all of its outstanding shares of PALAC to Fortitude (the “Transaction”). The Transaction is expected to close in the first half of 2022, subject to receipt of regulatory approvals and satisfaction of other closing conditions.

As part of the Transaction, subject to receipt of regulatory approvals, Pruco Life Insurance Company will reinsure benefits provided under the annuity contracts. Prudential Annuities Distributors, Inc. (the “Distributor”) will continue to be the principal underwriter of the annuity contracts issued by PALAC. Following the close of the Transaction, The Prudential Insurance Company of America will service and administer the contracts on behalf of PALAC. Subject to regulatory approvals, Prudential also intends to offer FlexGuard contract owners the option to change the issuer of their contract to another Prudential subsidiary, with further details to be provided to applicable customers. This statement does not constitute an offer of novation or exchange with respect to any insurance policies or contracts.

Fortitude is an independent company backed by a consortium of sophisticated, long-term oriented institutional investors led by The Carlyle Group and T&D Insurance Group.

For additional information about the Transaction, please visit www.prudential.com/annuities-transaction.



THIS SUPPLEMENT SHOULD BE READ AND RETAINED FOR FUTURE REFERENCE

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