CONTRACT DATA CONTINUED. EXPENSE CHARGES The expense charges deducted from the contract fund (see the Contract Fund provision for a complete description of the fund and how it increases and decreases) are: Daily Mortality and Expense Risk Charge - the maximum daily charge is 0.00372802%, which is equivalent to an annual rate of 1.37%. Daily Administrative Charge - the maximum daily charge is .00041065%, which is equivalent to an annual rate of .15%. Annual Administrative Charge - the charge is $30.00. It is deducted on the Contract Anniversary and when a surrender (i.e., full withdrawal) of the contract occurs, if the contract fund at the time is then less than $50,000.00.
CONTRACT DATA CONTINUED. EXPENSE CHARGES The expense charges deducted from the contract fund (see the Contract Fund provision for a complete description of the fund and how it increases and decreases) are: Daily Mortality and Expense Risk Charge - the maximum daily charge is 0.00380909%, which is equivalent to an annual rate of 1.40%. Daily Administrative Charge - the maximum daily charge is .00041065%, which is equivalent to an annual rate of .15%. Annual Administrative Charge - the charge is $30.00. It is deducted on the Contract Anniversary and when a surrender (i.e., full withdrawal) of the contract occurs, if the contract fund at the time is then less than $50,000.00. -------------------------------------------------------------------------------- TRANSACTION CHARGE The transaction charge for each transfer after the first 12 in a contract year is $25.00. We reserve the right to limit the number of transfers in order to comply with federal, state or local law. -------------------------------------------------------------------------------- WITHDRAWAL CHARGE The withdrawal charge (see the Withdrawals provision for a full discussion of how this charge is applied) is a percentage of the amount withdrawn that is subject to the charge, and depends on the Contract Year in which the withdrawal is made. Year of Withxxxxxx Xxxxxxxxxx Xxxxxx ------------------ ----------------- 1 7% 2 6% 3 5% 4 4% 5 3% 6 2% 7 1% 8 and later 0% (VFM-96) ED. 5/2001 Page 3A 5 CONTRACT NO. XX XXX XXX CONTRACT DATA CONTINUED INVESTMENT OPTIONS INTEREST-RATE INVESTMENT OPTIONS As of the contract date, two interest-rate investment options are available, a one-year fixed-interest-rate option (the Fixed-Rate option) and a seven year market-value-adjustment option (the MVA option). Interest is credited at declared rates to amounts held in each of these options. For the MVA option, if money is withdrawn prior to the end of the maturity date, there will be a market-value adjustment, which may increase or decrease the value of amounts in that option. The following variable investment options are available through allocation to subaccounts of the Pruco Life Flexible Premium Variable Annuity Account. We reserve the right to limit the availability of the below options, if necessary, in order to comply with federal, state or local law. VARIABLE INVESTMENT OPTIONS (SUBACCOUNTS) AVAILABLE [THE PRUDENTIAL SERIES FUND Prudential Global Portfolio Prudential Jennxxxx Xxxtfolio Prudential Money Market Portfolio Prudential Stoc...
CONTRACT DATA CONTINUED. Minimum Initial Premium The minimum initial premium due on the Contract Date is [$622.11]. -------------------------------------------------------------------------------- Contract Limitations The minimum premium we will accept is $25.00. The minimum Basic Insurance Amount is $250,000.00. The minimum decrease in Basic Insurance Amount is $10,000.00. The minimum amount you may withdraw is $500.00. The minimum amount you may borrow is $500.00. The surrender charge threshold is [$250,000.00]. -------------------------------------------------------------------------------- Adjustments to Premium Payments From each premium paid we will: subtract a charge of up to 7.5% for any taxes attributable to premiums. For -------- purposes of this charge, the term "taxes attributable to premiums" shall include: (a) any federal, state or local income tax, (b) any premium, excise, or business tax, and (c) any other type of tax (or component thereof) measured by or based upon the amount of premium received by us. subtract a charge for sales expenses from premiums paid in the first five -------- contract years at a rate of up to 12%. subtract a charge for sales expenses from premiums paid after the fifth -------- contract year at a rate of up to 4%. The remainder of the premium is the invested premium amount. -------------------------------------------------------------------------------- Adjustments to the Contract Fund On the Contract Date the contract fund is equal to the invested premium amount credited on that date, minus ----- a charge for administrative expenses of up to $0.10 per $1,000 of the basic insurance amount effective on the Contract Date plus $10.00. CONTRACT DATA CONTINUED ON NEXT PAGE Page 3A (2000)(NJ) PROCESSING DATE: XXX XX, XXXX POLICY NO. XX XXX XXX CONTRACT DATA CONTINUED a charge for the cost of insurance of up to the maximum monthly rate (see Table of Maximum Monthly Insurance Rates) multiplied by the coverage amount divided by $1000. The coverage amount is equal to the death benefit (see Death Benefit) minus the contract fund. On each day after the contract date, we will adjust the contract fund by: adding any invested premium amounts. ------ adding any increase due to investment results of the variable investment ------ options. adding guaranteed interest at an effective annual rate of 4% (0.01074598% a ------ day) on that portion of the contract fund that is not in a variable investment option (see Fixed Investments and Loans). adding any excess ...
CONTRACT DATA CONTINUED. On each day after the contract date, we will adjust the contract fund by: adding any invested premium amounts. ------ adding any increase due to investment results of the variable investment ------ options. adding guaranteed interest at an effective annual rate of 4% (0.01074598% ------ a day) on that portion of the contract fund that is not in a variable investment option (see Fixed Investments and Loans). adding any excess interest on that portion of the contract fund that is ------ not in a variable investment option. subtracting any decrease due to investment results of the variable ----------- investment options. subtracting a charge against the variable investment options at an ----------- effective annual rate of not more than 0.90% a year (.00245475% a day) for mortality and expense risks that we assume. subtracting any withdrawals. ----------- subtracting an administrative charge of up to $25.00 for any withdrawals. ----------- subtracting an administrative charge of up to $25.00 for any decrease in ----------- Basic Insurance Amount. subtracting an administrative charge of up to $25.00 for each transfer ----------- exceeding twelve in any contract year. subtracting any surrender charge that may result from a withdrawal, ----------- surrender, or reduction in the Basic Insurance Amount. And on each monthly date, we will adjust the contract fund by: subtracting a monthly charge for administrative expenses during the first ----------- five Contract Years of up to $0.10 per $1000 of the Basic Insurance Amount plus $10.00. subtracting a monthly charge for administrative expenses after the first ----------- five Contract Years of up to $0.05 per $1000 of the Basic Insurance Amount plus $10.00. subtracting a monthly charge for the cost of insurance of up to the ----------- maximum monthly rate (see Table of Maximum Monthly Insurance Rates) multiplied by the coverage amount divided by $1000. The coverage amount is equal to the death benefit (see Death Benefit) minus the contract fund. PROCESSING DATE: XXX XX, XXXX POLICY NO. XX XXX XXX CONTRACT DATA CONTINUED subtracting a maximum monthly charge for the following benefits: ----------- the maximum monthly charge for Xxxxx XX 194 C during the first four contract years is the rate shown under the Table of Maximum Monthly Insurance Rates, plus $0.05, multiplied by the rider amount (shown under Survivorship Insurance) divided by $1,000. -------------------------------------------------------------------------...
CONTRACT DATA CONTINUED. Daily Mortality and Expense Risk Charge - the maximum daily charge is .00340349%, which is equivalent to an annual rate of 1.25%. Daily Administrative Charge - the maximum daily charge is .00041065%, which is equivalent to an annual rate of .15%. Annual Administrative Charge - the charge is $30.00. It is deducted on the Contract Anniversary and when a surrender (i.e., full withdrawal) of the contract occurs, if the contract fund at the time is then less than $50,000.00.
