PRUCO LIFE OF NEW JERSEY FLEXIBLE PREMIUM VARIABLE ANNUITY ACCOUNT - Coinsurance Agreement for LT5WB. Incorporated by reference to Form N-4, Registration No. 333-131035, filed January 13, 2006 on behalf of the Pruco Life of New Jersey Flexible Premium Variable Annuity Account.

See All of This Company's Exhibits

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0001206774-06-000045.txt : 20090716
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20060113164648

ACCESSION NUMBER: 0001206774-06-000045

CONFORMED SUBMISSION TYPE: N-4

PUBLIC DOCUMENT COUNT: 18

FILED AS OF DATE: 20060113

DATE AS OF CHANGE: 20060505

FILER:

COMPANY DATA:

COMPANY CONFORMED NAME: PRUCO LIFE INURANCE CO OF NEW JERSEY FLXBL PRMIUM VAR ANN AC

CENTRAL INDEX KEY: 0001021330

STANDARD INDUSTRIAL CLASSIFICATION: LIFE INSURANCE [6311]

IRS NUMBER: 222426091

STATE OF INCORPORATION: NJ

FISCAL YEAR END: 1231

FILING VALUES:

FORM TYPE: N-4

SEC ACT: 1933 Act

SEC FILE NUMBER: 333-131035

FILM NUMBER: 06530258

BUSINESS ADDRESS:

STREET 1: PRUDENTIAL INSURANCE & FINANCIAL SERVICE

STREET 2: 213 WASHINGTON ST

CITY: NEWARK

STATE: NJ

ZIP: 07102

BUSINESS PHONE: 9738025393

MAIL ADDRESS:

STREET 1: PRUCO LIFE INSURANCE CO OF NEW JERSEY

STREET 2: 213 WASHINGTON ST

CITY: NEWARK

STATE: NJ

ZIP: 07102

FILER:

COMPANY DATA:

COMPANY CONFORMED NAME: PRUCO LIFE INURANCE CO OF NEW JERSEY FLXBL PRMIUM VAR ANN AC

CENTRAL INDEX KEY: 0001021330

STANDARD INDUSTRIAL CLASSIFICATION: LIFE INSURANCE [6311]

IRS NUMBER: 222426091

STATE OF INCORPORATION: NJ

FISCAL YEAR END: 1231

FILING VALUES:

FORM TYPE: N-4

SEC ACT: 1940 Act

SEC FILE NUMBER: 811-07975

FILM NUMBER: 06530259

BUSINESS ADDRESS:

STREET 1: PRUDENTIAL INSURANCE & FINANCIAL SERVICE

STREET 2: 213 WASHINGTON ST

CITY: NEWARK

STATE: NJ

ZIP: 07102

BUSINESS PHONE: 9738025393

MAIL ADDRESS:

STREET 1: PRUCO LIFE INSURANCE CO OF NEW JERSEY

STREET 2: 213 WASHINGTON ST

CITY: NEWARK

STATE: NJ

ZIP: 07102

N-4
1
d18381.txt

AS FILED WITH THE SECURITIES AND EXCHANGE COMMISSION ON JANUARY 13, 2006

1933 ACT REGISTRATION NO. ______________
1940 ACT REGISTRATION NO. 811-07975

SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549

FORM N-4

REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 [ ]

PRE-EFFECTIVE AMENDMENT NO. [ ]

AND

REGISTRATION STATEMENT UNDER THE INVESTMENT COMPANY ACT OF 1940 [ ]

POST-EFFECTIVE AMENDMENT NO. 55 [X]

(CHECK APPROPRIATE BOX OR BOXES)

PRUCO LIFE OF NEW JERSEY FLEXIBLE PREMIUM
VARIABLE ANNUITY ACCOUNT
(Exact Name of Registrant)

PRUCO LIFE INSURANCE COMPANY OF NEW JERSEY
(Name of Depositor)

213 WASHINGTON STREET
NEWARK, NEW JERSEY 07102-2992
(973) 802-7333

(Address and telephone number of depositor's principal executive offices)

JOSEPH EMANUEL
CHIEF LEGAL OFFICER
PRUCO LIFE INSURANCE COMPANY OF NEW JERSEY
751 BROAD STREET
NEWARK, NEW JERSEY 07102
(973) 802-4388

(Name and address of agent for service)
Copies to:

ROBIN WAGNER
VICE PRESIDENT AND CORPORATE COUNSEL
One Corporate Drive
SHELTON, CONNECTICUT 06484
(203) 925-7176

Approximate Date of Proposed Sale to the Public: May 1, 2006

The registrant hereby amends this registration statement on such date or dates
as may be necessary to delay its effective date until the registrant shall file
a further amendment which specifically states that this registration statement
shall thereafter become effective in accordance with Section 8(a) of the
Securities Act of 1933 or until the registration statement shall become
effective on such date as the Commission, acting pursuant to said section 8(a),
may determine.

Title of Securities Being Registered:
Interests in Individual Variable Annuity Contracts

PRUCO LIFE INSURANCE COMPANY OF NEW JERSEY
A Prudential Financial Company
751 Broad Street, Newark, NJ 07102-3777
---------------------------------------

PRUDENTIAL PREMIER VARIABLE ANNUITY B SERIES(SM) ("B SERIES")
PRUDENTIAL PREMIER VARIABLE ANNUITY L SERIES(SM) ("L SERIES")
PRUDENTIAL PREMIER VARIABLE ANNUITY X SERIES(SM) ("X SERIES")

Flexible Premium Deferred Annuities
- --------------------------------------------------------------------------------
PROSPECTUS: MAY 1, 2006

This prospectus describes three different flexible premium deferred annuity
classes offered by Pruco Life Insurance Company of New Jersey ("Pruco Life",
"we", "our", or "us"). Each of the B Series, L Series, and X Series is a class
within a single annuity contract, rather than a separate annuity contract under
State insurance law. For convenience in this prospectus, we sometimes refer to
each of these annuity classes as an "Annuity", and to the classes collectively
as the "Annuities." We also sometimes refer to each class by its specific name
(e.g., the "B Series"). Each Annuity has different features and benefits that
may be appropriate for you based on your financial situation, your age and how
you intend to use the Annuity. This Prospectus describes the important features
of the Annuities and what you should consider before purchasing one of the
Annuities. The Prospectus also describes differences among the Annuities which
include differences in the fees and charges you pay and variations in some
product features such as the availability of certain bonus amounts. These
differences among the products are discussed more fully in the Prospectus and
summarized in Appendix A entitled "Selecting the Variable Annuity That's Right
for You". There may also be differences in the compensation paid to your
Financial Professional for each Annuity. In addition, selling broker-dealer
firms through which each Annuity is sold may decline to make available to their
customers certain of the optional features offered generally under the Annuity.
Alternatively, such firms may restrict the availability of the optional
benefits that they do make available to their customers (e.g., by imposing a
lower maximum issue age for certain optional benefits than what is prescribed
generally under the Annuity). Please speak to your registered representative
for further details. Certain terms are capitalized in this Prospectus. Those
terms are either defined in the Glossary of Terms or in the context of the
particular section.

The Sub-accounts
- --------------------------------------------------------------------------------
Each Sub-account of the Pruco Life of New Jersey Flexible Premium Variable
Annuity Account invests in an underlying mutual fund portfolio. Currently,
portfolios of American Skandia Trust are being offered.

Please Read This Prospectus
- --------------------------------------------------------------------------------
Please read this Prospectus and the current prospectus for the underlying
mutual funds. Keep them for future reference. If you are purchasing one of the
Annuities as a replacement for an existing variable annuity or variable life
coverage or a fixed insurance policy, you should consider any surrender or
penalty charges you may incur when replacing your existing coverage and that
this Annuity may be subject to a contingent deferred sales charge if you elect
to surrender the Annuity or take a partial withdrawal. You should consider your
need to access the Annuity's Account Value and whether the Annuity's liquidity
features will satisfy that need.

Available Information
- --------------------------------------------------------------------------------
We have also filed a Statement of Additional Information that is available from
us, without charge, upon your request. The contents of the Statement of
Additional Information are described on page 66. This Prospectus is part of the
registration statement we filed with the SEC regarding this offering.
Additional information on us and this offering is available in the registration
statement and the exhibits thereto. You may review and obtain copies of these
materials at the prescribed rates from the SEC's Public Reference Section, 100
F Street, N.E., Washington, D.C., 20549. These documents, as well as documents
incorporated by reference, may also be obtained through the SEC's Internet
Website (www.sec.gov) for this registration statement as well as for other
registrants that file electronically with the SEC.

For Further Information call:
- --------------------------------------------------------------------------------
- --> 1-888-PRU-2888

These annuities are NOT deposits or obligations of, or issued, guaranteed or
endorsed by, any bank, are NOT insured or guaranteed by the U.S. government,
the Federal Deposit Insurance Corporation (FDIC), the Federal Reserve Board or
any other agency. An investment in an annuity involves investment risks,
including possible loss of value, even with respect to amounts allocated to the
AST Money Market Sub-account.

These securities have not been approved or disapproved by the Securities and
Exchange Commission or any state securities commission nor has the commission
or any state securities commission passed upon the accuracy or adequacy of this
Prospectus. Any representation to the contrary is a criminal offense.

Prudential Premier Variable Annuity B Series(SM), Prudential Premier Variable
Annuity L Series(SM), and Prudential Premier Variable Annuity X Series(SM), are
service marks of The Prudential Insurance Company of America.

Prospectus Dated: May 1, 2006
Statement of Additional Information Dated: May 1, 2006
COMBPROS05 PRUCO

PLEASE SEE OUR PRIVACY POLICY AND IRA DISCLOSURE STATEMENT ATTACHED TO THE BACK
COVER OF THIS PROSPECTUS.
This prospectus is currently being reviewed by the SEC staff, and is being
provided solely for reference purposes to certain selling broker-dealers. No
offers or sales of any of the features discussed in this draft supplement are
permitted. For internal use only.

Contents
- --------------------------------------------------------------------------------

Introduction ............................................................................. 1
Why Would I Choose to Purchase One of the Annuities? ................................... 1
What Are Some of the Key Features of the Annuities? .................................... 1
How Do I Purchase One of the Annuities? ................................................ 2
Glossary of Terms ........................................................................ 3
Summary of Contract Fees and Charges ..................................................... 4
Expense Examples ......................................................................... 12
Investment Options ....................................................................... 13
What are the Investment Objectives and Policies of the Portfolios? ..................... 13
What are the Fixed Rate Options ........................................................ 19
Fees and Charges ......................................................................... 21
What are the Contract Fees and Charges? ................................................ 21
What Charges Apply to the Fixed Rate Options? .......................................... 23
What Charges Apply if I Choose an Annuity Payment Option? .............................. 23
Exceptions/Reductions to Fees and Charges .............................................. 23
Purchasing Your Annuity .................................................................. 24
What are Our Requirements for Purchasing One of the Annuities? ......................... 24
Managing Your Annuity .................................................................... 25
May I Change the Owner, Annuitant and Beneficiary Designations? ........................ 25
May I Return My Annuity if I Change My Mind? ........................................... 25
May I Make Additional Purchase Payments? ............................................... 25
May I Make Scheduled Payments Directly from My Bank Account? ........................... 26
May I Make Purchase Payments Through a Salary Reduction Program? ....................... 26
Managing Your Account Value .............................................................. 27
How and When are Purchase Payments Invested? ........................................... 27
How Do I Receive a Longevity Credit Under the X Series? ................................ 27
How Are Longevity Credits Applied to My Account Value Under the X Series? .............. 27
How Do I Receive a Purchase Credit Under the X Series? ................................. 27
How is Each Purchase Credit Applied to Account Value Under the X Series Annuity? ....... 27
Are There Restrictions or Charges on Transfers Between Investment Options? ............. 28
Do You Offer More than One Dollar Cost Averaging Program? .............................. 29
Do You Offer Any Automatic Rebalancing Programs? ....................................... 30
May I Give My Financial Professional Permission to Manage My Account Value? ............ 30
Access To Account Value .................................................................. 31
What Types of Distributions are Available to Me? ....................................... 31
Are There Tax Implications for Distributions? .......................................... 31
Can I Withdraw a Portion of My Annuity? ................................................ 31
How Much Can I Withdraw as a Free Withdrawal? .......................................... 31
Can I Make Periodic Withdrawals from My Annuity During the Accumulation Period? ........ 32
Do You Offer a Program for Withdrawals Under Section 72(t) of the Internal Revenue
Code?................................................................................. 32
What are Minimum Distributions and When Would I Need to Make Them? ..................... 32
Can I Surrender My Annuity for Its Value? .............................................. 32
What Types of Annuity Options are Available? ........................................... 33
How and When Do I Choose the Annuity Payment Option? ................................... 33

(i)

This prospectus is currently being reviewed by the SEC staff, and is being
provided solely for reference purposes to certain selling broker-dealers. No
offers or sales of any of the features discussed in this draft supplement are
permitted. For internal use only.

Contents
- --------------------------------------------------------------------------------

Living Benefit Programs .............................................................. 34
Do You Offer Programs Designed to Provide Investment Protection for Owners While
They are Alive? .................................................................. 34
Guaranteed Minimum Income Benefit (GMIB) ........................................... 34
Lifetime Five Income Benefit (Lifetime Five) ....................................... 39
Spousal Lifetime Five Income Benefit (Spousal Lifetime Five) ....................... 44
Death Benefit ........................................................................ 49
What Triggers the Payment of a Death Benefit? ...................................... 49
Basic Death Benefit ................................................................ 49
Optional Death Benefit ............................................................. 49
Payment of Death Benefits .......................................................... 51
Valuing Your Investment .............................................................. 52
How is My Account Value Determined? ................................................ 52
What is the Surrender Value of My Annuity? ......................................... 52
How and When Do You Value the Sub-Accounts? ........................................ 52
When Do You Process and Value Transactions? ........................................ 52
Tax Considerations ................................................................... 54
General Information .................................................................. 61
How Will I Receive Statements and Reports? ......................................... 61
What is Pruco Life of New Jersey? .................................................. 61
What is the Separate Account? ...................................................... 61
What is the Legal Structure of the Underlying Funds? ............................... 62
Who Distributes Annuities Offered by Pruco Life of New Jersey? ..................... 63
Financial Statements ............................................................... 64
How to Contact Us .................................................................. 64
Indemnification .................................................................... 64
Legal Proceedings .................................................................. 64
Contents of the Statement of Additional Information ................................ 66
Appendix A -- Selecting the Variable Annuity That's Right for You .................... A-1

(ii)

PRUCO LIFE OF NEW JERSEY ANNUITIES PROSPECTUS

Introduction
- --------------------------------------------------------------------------------

Why Would I Choose to Purchase One of the Annuities?
- --------------------------------------------------------------------------------
The Annuities are frequently used for retirement planning because they allow
you to accumulate retirement savings and also offer annuity payment options
when you are ready to begin receiving income. Each Annuity also offers a choice
of different optional benefits, for an additional charge, that can provide
principal protection or guaranteed minimum income protection for Owners while
they are alive and one or more Death Benefits that can protect your retirement
savings if you die during a period of declining markets. Each Annuity may be
used as an investment vehicle for "qualified" investments, including an IRA,
SEP-IRA, Roth IRA, Section 401(a) plans (defined benefit plans and defined
contribution plans such as 401(k), profit sharing and money purchase plans) or
Tax Sheltered Annuity (or 403(b)). Each Annuity may also be used as an
investment vehicle for "non-qualified" investments. Each Annuity allows you to
invest your money in a number of Sub-accounts as well as in one or more Fixed
Rate Options. This Prospectus describes three different Annuities including
features that these Annuities have in common as well as differences. For a
summary of each Annuity's features, please refer to Appendix A entitled,
"Selecting the Variable Annuity That's Right for You."

When an Annuity is purchased as a "non-qualified" investment, you generally are
not taxed on any investment gains the Annuity earns until you make a withdrawal
or begin to receive annuity payments. This feature, referred to as
"tax-deferral", can be beneficial to the growth of your Account Value because
money that would otherwise be needed to pay taxes on investment gains each year
remains invested and can earn additional money. However, because the Annuity is
designed for long-term retirement savings, a 10% penalty tax may be applied on
withdrawals you make before you reach age 59 1/2. Annuities purchased as a
non-qualified investment are not subject to the maximum contribution limits
that may apply to a qualified investment, and are not subject to required
minimum distributions after age 70 1/2.

When an Annuity is purchased as a "qualified" investment, you should consider
that the Annuity does not provide any tax advantages in addition to the
preferential treatment already available through your retirement plan under the
Internal Revenue Code. In other words, you need not invest in an Annuity to
gain the preferential tax treatment provided by your retirement plan. An
Annuity may offer features and benefits in addition to providing tax deferral
that other investment vehicles may not offer, including Death Benefit
protection for your beneficiaries, lifetime income options, and the ability to
make transfers between numerous Sub-accounts offered under the Annuity. You
should consult with your Financial Professional as to whether the overall
benefits and costs of the Annuity are appropriate considering your overall
financial plan.

What Are Some of the Key Features of the Annuities?
- --------------------------------------------------------------------------------
o Each Annuity is a "flexible premium deferred annuity." It is called
"flexible premium" because you have considerable flexibility in the timing
and amount of Purchase Payments. Generally, investors "defer" receiving
annuity payments until after an accumulation period.

o Each Annuity offers both Sub-accounts and Fixed Rate Options. If you
allocate your Account Value to Sub-accounts, the value of your Annuity will
vary daily to reflect the investment performance of the underlying
investment options. Fixed Rate Option interest is guaranteed by us.

o Each Annuity features two distinct periods -- the accumulation period and
the payout period. During the accumulation period your Account Value is
allocated to one or more investment options.

o During the payout period, commonly called "annuitization," you can elect to
receive annuity payments (1) for life; (2) for life with a guaranteed
minimum number of payments; (3) based on joint lives; or (4) for a
guaranteed number of payments. We currently make annuity payments available
on a fixed basis only.

o Each Annuity offers optional income benefits, for an additional charge, that
can provide principal protection or guaranteed minimum income protection for
Owners while they are alive.

o Each Annuity offers a basic Death Benefit. It also offers an optional Death
Benefit that provides an enhanced level of protection for your
beneficiary(ies) for an additional charge.

o You are allowed to withdraw a limited amount of money from each Annuity on
an annual basis without any charges, although any optional guaranteed
benefit you elect may be reduced. Other product features allow you to access
your Account Value as necessary, although a charge may apply.

o Transfers between investment options are tax-free. Currently, you may make
twenty transfers each year free of charge. We also offer several programs
that enable you to manage your Account Value as your financial needs and
investment performance change.

PRUCO LIFE OF NEW JERSEY ANNUITIES PROSPECTUS

Introduction continued

- --------------------------------------------------------------------------------

- --------------------------------------------------------------------------------
With respect to the X Series only:

o If you purchase this Annuity, we apply an additional amount ("Purchase
Credit") to your Account Value with each Purchase Payment you make,
including your initial Purchase Payment and any additional Purchase
Payments.

o Please note that the total asset-based charges on this Annuity are higher
than many of our other annuities. In addition, the Contingent Deferred Sales
Charge (CDSC) on this Annuity is higher and is deducted for a longer period
of time as compared to our other annuities. Finally, the Credit amount is
included in your Account Value. However, Pruco Life of New Jersey may take
back the original Purchase Credit amount applied to your Purchase Payment if
you "free-look" your Annuity or you die within twelve (12) months of having
received a Purchase Credit amount. In these situations, your Account Value
could be substantially reduced. However, any investment gain on the Purchase
Credit amount will not be recovered. Additional conditions and restrictions
apply. We do not deduct a CDSC in any situation where we recover the
Purchase Credit amount.

o Beginning on the tenth Annuity Anniversary and on every Annuity Anniversary
thereafter, we add a Longevity Credit to your Account Value with respect to
Purchase Payments less withdrawals that have been in your Annuity more than
9 full Annuity years, subject to our rules and State availability.
- --------------------------------------------------------------------------------

How Do I Purchase One of the Annuities?
- --------------------------------------------------------------------------------
We sell each Annuity through licensed, registered Financial Professionals. Each
Annuity has minimum initial Purchase Payments as follows: $1,000 for the B
Series and $10,000 for the X Series and the L Series. We may allow you to make
a lower initial Purchase Payment provided you establish an electronic funds
transfer program under which Purchase Payments received in the first Annuity
Year total at least the minimum initial Purchase Payment for the Annuity
purchased. If the Annuity is owned by an individual or individuals, the oldest
of those Owners must not be older than a maximum issue age as of the Issue Date
of the Annuity as follows: age 85 for the B Series and the L Series, and age 75
for the X Series. No additional Purchase Payments will be permitted after age
85 for any of the Annuities. If the Annuity is owned by an entity, the
annuitant must not be older than the maximum issue age, as of the Issue Date of
the Annuity. The availability and level of protection of certain optional
benefits may vary based on the age of the Owner on the Issue Date of the
Annuity, on the date the benefit is elected or the date of the Owner's death.

PRUCO LIFE OF NEW JERSEY ANNUITIES PROSPECTUS

Glossary of Terms
- --------------------------------------------------------------------------------

Many terms used within this Prospectus are described within the text where they
appear. The description of those terms are not repeated in this Glossary of
Terms.

ACCOUNT VALUE
The value of each allocation to a Sub-account or a Fixed Rate Option prior to
the Annuity Date, plus any earnings, and/or less any losses, distributions and
charges. The Account Value is calculated before we assess any applicable
Contingent Deferred Sales Charge ("CDSC" or "surrender charge") and/or, other
than on an Annuity anniversary, any fee that is deducted from the contract
annually in arrears. The Account Value is determined separately for each
Sub-account and for each Fixed Rate Option, and then totaled to determine the
Account Value for your entire Annuity. With respect to the X Series, the
Account Value includes any Purchase Credits we applied to your Purchase
Payments that we are entitled to recover under certain circumstances and the
Account Value includes any Longevity Credit we apply.

ANNUITIZATION
The application of Account Value (or Protected Income Value for the Guaranteed
Minimum Income Benefit, if applicable) to one of the available annuity options
for the Annuitant to begin receiving periodic payments for life (or joint
lives), for a guaranteed minimum number of payments or for life with a
guaranteed minimum number of payments.

ANNUITY DATE
The date you choose for annuity payments to commence. The Annuity Date must be
no later than the later of the Annuity anniversary coinciding with or next
following the Annuitant's 95th birthday or the tenth Annuity anniversary.

ANNUITY YEAR
A 12-month period commencing on the Issue Date of the Annuity and each
successive 12-month period thereafter.

CODE
The Internal Revenue Code of 1986, as amended from time to time.

FIXED RATE OPTION
An investment option that offers a fixed rate of interest for a specified
Guarantee Period during the accumulation period.

GUARANTEE PERIOD
A period of time during the accumulation period where we credit a fixed rate of
interest on a Fixed Rate Option.

ISSUE DATE
The effective date of your Annuity.

OWNER
With an Annuity issued as an individual annuity contract, the Owner is either
an eligible entity or person named as having ownership rights in relation to
the Annuity. With an Annuity issued as a certificate under a group annuity
contract, the "Owner" refers to the person or entity who has the rights and
benefits designated as to the "Participant" in the certificate.

SURRENDER VALUE
The value of your Annuity available upon surrender prior to the Annuity Date.
It equals the Account Value as of the date we price the surrender minus any
applicable CDSC, Annual Maintenance Fee, Tax Charge and the charge for any
optional benefits and any additional amounts we applied to your Purchase
Payments that we may be entitled to recover under certain circumstances.

UNIT
A measure used to calculate your Account Value in a Sub-account during the
accumulation period.

VALUATION DAY
Every day the New York Stock Exchange is open for trading or any other day the
Securities and Exchange Commission requires mutual funds or unit investment
trusts to be valued.

PRUCO LIFE OF NEW JERSEY ANNUITIES PROSPECTUS

Summary of Contract Fees and Charges
- --------------------------------------------------------------------------------

Below is a summary of the fees and charges for the Annuities. Some fees and
charges are assessed against each Annuity while others are assessed against
assets allocated to the Sub-accounts. The fees and charges that are assessed
against an Annuity include any applicable Contingent Deferred Sales Charge,
Transfer Fee, Tax Charge and Annual Maintenance Fee. The charges that are
assessed against the Sub-accounts are the Mortality and Expense risk charge,
the charge for Administration of the Annuity, and the charge for certain
optional benefits you elect, other than the Guaranteed Minimum Income Benefit,
which is assessed against the Protected Income Value. Each underlying mutual
fund portfolio assesses a charge for investment management, other expenses and
with some mutual funds, a 12b-1 charge. The prospectus for each underlying
mutual fund provides more detailed information about the expenses for the
underlying mutual funds.

The following table provides a summary of the fees and charges you will pay if
you surrender your Annuity or transfer Account Value among investment options.
These fees and charges are described in more detail within this Prospectus.

YOUR TRANSACTION FEES AND CHARGES
- ---------------------------------------------------------------------------------------------------------------
(ASSESSED AGAINST EACH ANNUITY)
B Series L Series
FEE/CHARGE
- ---------------------------------------------------------------------------------------------------------------

up to 7.0% up to 7.0%
The charge is a percentage of each appli- The charge is a percentage of each appli-
cable Purchase Payment deducted upon cable Purchase Payment deducted upon
surrender or withdrawal. The period dur- surrender or withdrawal. The period dur-
ing which a particular percentage applies ing which a particular percentage applies
Contingent Deferred is measured from the effective date of is measured from the effective date of
Sales Charge* each Purchase Payment. each Purchase Payment.
- ---------------------------------------------------------------------------------------------------------------

$10.00 (currently, $10.00 (currently,
$20.00 maximum) $20.00 maximum)
(Currently, we deduct the fee after the (Currently, we deduct the fee after the
20th transfer each Annuity Year. We guar- 20th transfer each Annuity Year. We guar-
antee that the number of charge free antee that the number of charge free
transfers per Annuity Year will never be transfers per Annuity Year will never be
Transfer Fee less than 8.) less than 8.)
- ---------------------------------------------------------------------------------------------------------------

YOUR TRANSACTION FEES AND CHARGES
- -----------------------------------------------------------------
(ASSESSED AGAINST EACH ANNUITY)
X Series
FEE/CHARGE
- -----------------------------------------------------------------

up to 9.0%
The charge is a percentage of each appli-
cable Purchase Payment deducted upon
surrender or withdrawal. The period dur-
ing which a particular percentage applies
Contingent Deferred is measured from the effective date of
Sales Charge* each Purchase Payment.
- -----------------------------------------------------------------
$10.00 (currently,
$20.00 maximum)
(Currently, we deduct the fee after the
20th transfer each Annuity Year. We guar-
antee that the number of charge free
transfers per Annuity Year will never be
Transfer Fee less than 8.)
- -----------------------------------------------------------------

PRUCO LIFE OF NEW JERSEY ANNUITIES PROSPECTUS

- --------------------------------------------------------------------------------

* The following are the Contingent Deferred Sales Charges (as a percentage of
each applicable Purchase Payment) for each Annuity upon surrender or withdrawal.
For purposes of calculating this charge we consider the year following the date
of each Purchase Payment as Year 1.

- --------------------------------------------------------------------------------
B Series
- --------------------------------------------------------------------------------
Yr. 1 Yr. 2 Yr. 3 Yr. 4 Yr. 5 Yr. 6 Yr. 7 Yr. 8+
- --------------------------------------------------------------------------------

7.0% 6.0% 5.0% 4.0% 3.0% 2.0% 1.0% 0.0%
- --------------------------------------------------------------------------------

--------------------------------------------------
L Series
--------------------------------------------------
Yr. 1 Yr. 2 Yr. 3 Yr. 4 Yr. 5+
--------------------------------------------------

7.0% 6.0% 5.0% 4.0% 0.0%
--------------------------------------------------

- ----------------------------------------------------------------------------------------------------
X Series
- ----------------------------------------------------------------------------------------------------
Yr. 1 Yr. 2 Yr. 3 Yr. 4 Yr. 5 Yr. 6 Yr. 7 Yr. 8 Yr. 9 Yr. 10+
- ----------------------------------------------------------------------------------------------------

9.0% 8.5% 8.0% 7.0% 6.0% 5.0% 4.0% 3.0% 2.0% 0.0%
- ----------------------------------------------------------------------------------------------------

PRUCO LIFE OF NEW JERSEY ANNUITIES PROSPECTUS

Summary of Contract Fees and Charges continued

- --------------------------------------------------------------------------------

The following table provides a summary of the periodic fees and charges you will
pay while you own your Annuity, excluding the underlying mutual fund Portfolio
annual expenses. These fees and charges are described in more detail within this
Prospectus.

YOUR PERIODIC FEES AND CHARGES
- ----------------------------------------------------------------------------------------------------------------------
(ASSESSED AGAINST EACH ANNUITY)
B Series L Series
FEE/CHARGE
- ----------------------------------------------------------------------------------------------------------------------

Smaller of $30 or 2% of Account Value Smaller of $30 or 2% of Account Value
(Only applicable if Account Value is less (Only applicable if Account Value is less
than $100,000) than $100,000)
Annual Maintenance (Assessed annually on the Annuity's (Assessed annually on the Annuity's
Fee anniversary date or upon surrender) anniversary date or upon surrender)
- ----------------------------------------------------------------------------------------------------------------------
ANNUAL FEES/CHARGES OF THE SUB-ACCOUNTS(1)
- ----------------------------------------------------------------------------------------------------------------------
(ASSESSED AS A PERCENTAGE OF THE DAILY NET ASSETS OF THE SUB-ACCOUNTS)
FEE/CHARGE
- ----------------------------------------------------------------------------------------------------------------------
Mortality & Expense
Risk Charge(2) 1.00% 1.35%
- ----------------------------------------------------------------------------------------------------------------------
Administration Charge(2) 0.15% 0.15%
- ----------------------------------------------------------------------------------------------------------------------
Total Annual Charges of 1.15% per year of the value of each 1.50% per year of the value of each
the Sub-accounts Sub-account Sub-account
- ----------------------------------------------------------------------------------------------------------------------

YOUR PERIODIC FEES AND CHARGES
- ----------------------------------------------------------------------
(ASSESSED AGAINST EACH ANNUITY)
X Series
FEE/CHARGE
- ----------------------------------------------------------------------

Smaller of $30 or 2% of Account Value
(Only applicable if Account Value is less
than $100,000)
Annual Maintenance (Assessed annually on the Annuity's
Fee anniversary date or upon surrender)
- ----------------------------------------------------------------------
ANNUAL FEES/CHARGES OF THE SUB-ACCOUNTS(1)
- ----------------------------------------------------------------------
(ASSESSED AS A PERCENTAGE OF THE DAILY NET ASSETS OF THE SUB-ACCOUNTS)
FEE/CHARGE
- ----------------------------------------------------------------------
Mortality & Expense
Risk Charge(2) 1.40%
- ----------------------------------------------------------------------
Administration Charge(2) 0.15%
- ----------------------------------------------------------------------
Total Annual Charges of 1.55% per year of the value of each
the Sub-accounts Sub-account
- ----------------------------------------------------------------------

1: These charges are deducted daily and apply to the Sub-accounts only.

2: The combination of the Mortality and Expense Risk Charge and Administration
Charge is referred to as the "Insurance Charge" elsewhere in this Prospectus.

PRUCO LIFE OF NEW JERSEY ANNUITIES PROSPECTUS

- --------------------------------------------------------------------------------

The following table provides a summary of the fees and charges you will pay if
you elect any of the following optional benefits. Not all optional benefits may
be purchased in combination with one another. You may only elect one optional
living benefit. The optional living benefits are the Guaranteed Minimum Income
Benefit, the Lifetime Five(SM) Income Benefit and the Spousal Lifetime Five(SM)
Income Benefit. The only optional death benefit is the Highest Anniversary Value
("HAV") Death Benefit. If you elect the Spousal Lifetime Five(SM) Income
Benefit, you are not permitted to also elect the optional Death Benefit. The
fees and charges of each of the optional benefits are described in more detail
within this Prospectus.

YOUR OPTIONAL BENEFIT FEES AND CHARGES
- ---------------------------------------------------------------------------------------------------------------
OPTIONAL BENEFIT
- ---------------------------------------------------------------------------------------------------------------
TOTAL
OPTIONAL ANNUAL
BENEFIT CHARGE*
FEE/ for
CHARGE B Series
- ---------------------------------------------------------------------------------------------------------------

GUARANTEED MINIMUM INCOME BENEFIT (GMIB)
- ---------------------------------------------------------------------------------------------------------------
We offer a program that, 0.50% per year of the average 1.15% PLUS 0.50% per year of
after a seven-year waiting Protected Income Value during average Protected Income Value
period, guarantees your each year; deducted annually in
ability to begin receiving arrears each Annuity Year
income from your Annuity
in the form of annuity
payments based on your
total Purchase Payments
and an annual increase
of 5% on such Purchase
Payments adjusted for
withdrawals (called the
"Protected Income Value"),
regardless of the impact
of market performance
on your Account Value.

LIFETIME FIVE INCOME BENEFIT
- ---------------------------------------------------------------------------------------------------------------
We offer a program that 0.60% of average daily net 1.75%
guarantees your ability assets of the Sub-accounts
to withdraw amounts
equal to a percentage of
an initial principal value,
regardless of the impact
of market performance
on your Account Value,
subject to our program
rules regarding the
timing and amount
of withdrawals.

OPTIONAL BENEFIT
- ---------------------------------------------------------------------------------------------------------------
TOTAL TOTAL
ANNUAL ANNUAL
CHARGE* CHARGE*
for for
L Series X Series
- ---------------------------------------------------------------------------------------------------------------

GUARANTEED MINIMUM INCOME BENEFIT (GMIB)
- ---------------------------------------------------------------------------------------------------------------
We offer a program that, 1.50% PLUS 0.50% per year of 1.55% PLUS 0.50% per year of
after a seven-year waiting average Protected Income Value average Protected Income Value
period, guarantees your
ability to begin receiving
income from your Annuity
in the form of annuity
payments based on your
total Purchase Payments
and an annual increase
of 5% on such Purchase
Payments adjusted for
withdrawals (called the
"Protected Income Value"),
regardless of the impact
of market performance
on your Account Value.

LIFETIME FIVE INCOME BENEFIT
- ---------------------------------------------------------------------------------------------------------------
We offer a program that 2.10% 2.15%
guarantees your ability
to withdraw amounts
equal to a percentage of
an initial principal value,
regardless of the impact
of market performance
on your Account Value,
subject to our program
rules regarding the
timing and amount
of withdrawals.

PRUCO LIFE OF NEW JERSEY ANNUITIES PROSPECTUS

Summary of Contract Fees and Charges continued
- --------------------------------------------------------------------------------

OPTIONAL BENEFIT
- ------------------------------------------------------------------------------------------------------------------------------
TOTAL TOTAL TOTAL
OPTIONAL ANNUAL ANNUAL ANNUAL
BENEFIT CHARGE* CHARGE* CHARGE*
FEE/ for for for
CHARGE B Series L Series X Series
- ------------------------------------------------------------------------------------------------------------------------------

SPOUSAL LIFETIME FIVE INCOME BENEFIT
- ------------------------------------------------------------------------------------------------------------------------------
We offer a program that 0.75% of average daily net 1.90% 2.25% 2.30%
guarantees until the later death assets of the Sub-accounts
of two Designated Lives (as
defined in this Prospectus) the
ability to withdraw an annual
amount equal to 5% of an
initial principal value regardless
of the impact of market
performance on the Account
Value, subject to our program
rules regarding the timing and
amount of withdrawals.

HIGHEST ANNIVERSARY VALUE DEATH BENEFIT (HAV)
- ------------------------------------------------------------------------------------------------------------------------------
We offer an Optional Death 0.25% of average daily net 1.40% 1.75% 1.80%
Benefit that provides an assets of the Sub-accounts
enhanced level of protection
for your beneficiary(ies) by
providing a death benefit equal
to the greater of the basic
Death Benefit and the Highest
Anniversary Value, less
proportional withdrawals.
- ------------------------------------------------------------------------------------------------------------------------------
Please refer to the section of this Prospectus that describes each optional benefit for a complete description of the benefit,
including any restrictions or limitations that may apply.
- ------------------------------------------------------------------------------------------------------------------------------

* 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.

PRUCO LIFE OF NEW JERSEY ANNUITIES PROSPECTUS

- --------------------------------------------------------------------------------

The following table provides the range (minimum and maximum) of the total
annual expenses for the underlying mutual funds ("Portfolios") as of December
31, 2005. Each figure is stated as a percentage of the underlying Portfolio's
average daily net assets.

TOTAL ANNUAL PORTFOLIO OPERATING EXPENSES
- --------------------------------------------------------------------------------
MINIMUM MAXIMUM
- --------------------------------------------------------------------------------

Total Portfolio Operating Expense 0.63% 1.37%
- --------------------------------------------------------------------------------

The following are the total annual expenses for each underlying mutual fund
("Portfolio") as of December 31, 2005, except as noted (2005 fees to be added).
The "Total Annual Portfolio Operating Expenses" reflect the combination of the
underlying Portfolio's investment management fee and other expenses. Each
figure is stated as a percentage of the underlying Portfolio's average daily
net assets. For certain of the underlying Portfolios, a portion of the
management fee has been waived and/or other expenses have been partially
reimbursed. Any such fee waivers and/or reimbursements have been reflected in
the footnotes. The following expenses are deducted by the underlying Portfolio
before it provides Pruco Life of New Jersey with the daily net asset value. Any
footnotes about expenses appear after the list of all the Portfolios. The
underlying Portfolio information was provided by the underlying mutual funds
and has not been independently verified by us. See the prospectuses or
statements of additional information of the underlying Portfolios for further
details. The current prospectus and statement of additional information for the
underlying Portfolios can be obtained by calling 1-888-PRU-2888.

UNDERLYING MUTUAL FUND PORTFOLIO ANNUAL EXPENSES
- -------------------------------------------------------------------------------------------------
(AS A PERCENTAGE OF THE AVERAGE NET ASSETS OF THE UNDERLYING PORTFOLIOS)
TOTAL
ANNUAL
PORTFOLIO
MANAGEMENT OTHER 12b-1 OPERATING
UNDERLYING PORTFOLIO FEES EXPENSES(1) FEES EXPENSES
American Skandia Trust:(2, 3)
- -------------------------------------------------------------------------------------------------

AST JPMorgan International Equity 1.00% 0.13% None 1.13%
AST William Blair International Growth 1.00% 0.22% None 1.22%
AST LSV International Value(4) 1.00% 0.37% None 1.37%
AST MFS Global Equity 1.00% 0.35% None 1.35%
AST Small-Cap Growth(5) 0.90% 0.24% None 1.14%
AST DeAM Small-Cap Growth 0.95% 0.22% None 1.17%
AST Federated Aggressive Growth 0.95% 0.24% None 1.19%
AST Small-Cap Value(6) 0.90% 0.18% None 1.08%
AST DeAM Small-Cap Value 0.95% 0.33% None 1.28%
AST Goldman Sachs Mid-Cap Growth 1.00% 0.25% None 1.25%
AST Neuberger Berman Mid-Cap Growth(7) 0.90% 0.18% None 1.08%
AST Neuberger Berman Mid-Cap Value 0.90% 0.15% None 1.05%
AST Mid-Cap Value(8) 0.95% 0.26% None 1.21%
AST T. Rowe Price Natural Resources 0.90% 0.26% None 1.16%
AST T. Rowe Price Large-Cap Growth(9) 0.90% 0.23% None 1.13%
AST MFS Growth 0.90% 0.20% None 1.10%
AST Marsico Capital Growth 0.90% 0.14% None 1.04%
AST Goldman Sachs Concentrated Growth 0.90% 0.17% None 1.07%
AST DeAM Large-Cap Value 0.85% 0.26% None 1.11%
AST AllianceBernstein Core Value(10) 0.75% 0.24% None 0.99%
AST Cohen & Steers Realty 1.00% 0.22% None 1.22%

PRUCO LIFE OF NEW JERSEY ANNUITIES PROSPECTUS

Summary of Contract Fees and Charges continued

- --------------------------------------------------------------------------------

TOTAL
ANNUAL
PORTFOLIO
MANAGEMENT OTHER 12b-1 OPERATING
UNDERLYING PORTFOLIO FEES EXPENSES(1) FEES EXPENSES

American Skandia Trust: (2, 3) continued
- -------------------------------------------------------------------------------------------------

AST AllianceBernstein Managed Index 500(11) 0.60% 0.16% None 0.76%
AST American Century Income & Growth 0.75% 0.24% None 0.99%
AST AllianceBernstein Growth & Income(12) 0.75% 0.15% None 0.90%
AST Large-Cap Value(13) 0.75% 0.19% None 0.94%
AST Global Allocation(14) 0.89% 0.26% None 1.15%
AST American Century Strategic Balanced 0.85% 0.27% None 1.12%
AST T. Rowe Price Asset Allocation 0.85% 0.27% None 1.12%
AST First Trust Balanced Target 0.85% 0.19% None 1.04%
AST First Trust Capital Appreciation Target 0.85% 0.19% None 1.04%
AST Advanced Strategies 0.85% 0.18% None 1.03%
AST Aggressive Asset Allocation(15, 16) 1.04% 0.26% None 1.30%
AST Capital Growth Asset Allocation(15, 16) 0.99% 0.25% None 1.24%
AST Balanced Asset Allocation(15, 16) 0.95% 0.24% None 1.19%
AST Conservative Asset Allocation(15, 16) 0.93% 0.23% None 1.16%
AST Preservation Asset Allocation(15, 16) 0.88% 0.22% None 1.10%
AST T. Rowe Price Global Bond 0.80% 0.27% None 1.07%
AST High Yield(17) 0.75% 0.18% None 0.93%
AST Lord Abbett Bond-Debenture 0.80% 0.22% None 1.02%
AST PIMCO Total Return Bond 0.65% 0.16% None 0.81%
AST PIMCO Limited Maturity Bond 0.65% 0.17% None 0.82%
AST Money Market(18) 0.50% 0.13% None 0.63%

1: As noted above, shares of the Portfolios generally are purchased through
variable insurance products. Many of the Portfolios and/or their investment
advisers and/or distributors have entered into arrangements with us as the
issuer of each Annuity under which they compensate us for providing ongoing
services in lieu of the Trust providing such services. Amounts paid by a
Portfolio under those arrangements are included under "Other Expenses." For
more information see the prospectus for each underlying portfolio and, "Service
Fees payable to Pruco Life," later in this prospectus.

2: The Portfolios' total actual annual operating expenses for the year ended
December 31, 2004 were less than the amount shown in the table due to fee
waivers, reimbursement of expenses and expense offset arrangements. These
waivers, reimbursements, and offset arrangements are voluntary and may be
terminated by American Skandia Investment Services, Inc. and Prudential
Investments LLC at any time. After accounting for the waivers, reimbursements
and offset arrangements, the Portfolios' actual annual operating expenses were:

TOTAL ACTUAL ANNUAL
PORTFOLIO OPERATING EXPENSES
PORTFOLIO NAME AFTER EXPENSE REIMBURSEMENT

AST LSV International Value 1.22%
AST DeAM Small-Cap Growth 1.02%
AST DeAM Small-Cap Value 1.13%
AST Goldman Sachs Mid-Cap Growth 1.13%
AST Neuberger Berman Mid-Cap Growth 1.07%
AST Neuberger Berman Mid-Cap Value 1.04%
AST T. Rowe Price Large-Cap Growth 1.10%
AST MFS Growth 1.07%
AST Marsico Capital Growth 1.02%
AST Goldman Sachs Concentrated Growth 1.00%
AST DeAM Large-Cap Value 0.99%
AST Cohen & Steers Realty 1.11%
AST AllianceBernstein Growth & Income 0.87%
AST Large-Cap Value 0.90%
AST American Century Strategic Balanced 1.09%
AST T. Rowe Price Asset Allocation 1.07%
AST Lord Abbett Bond-Debenture Portfolio 0.97%
AST PIMCO Total Return Bond 0.78%
AST PIMCO Limited Maturity Bond 0.79%
AST Money Market 0.58%

PRUCO LIFE OF NEW JERSEY ANNUITIES PROSPECTUS

- --------------------------------------------------------------------------------

3: 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.
The total annual portfolio operating expenses do not reflect any brokerage
commissions paid pursuant to the Distribution Plan prior to the Plan's
termination.

4: Effective November 18, 2004, LSV Asset Management became the Sub-advisor of
the Portfolio. Prior to November 18, 2004, Deutsche Asset Management, Inc.
served as Sub-advisor of the Portfolio, then named "AST DeAM International
Equity Portfolio."

5: Effective May 1, 2005, Eagle Asset Management and Neuberger Berman
Management, Inc. became Co-Sub-advisors of the Portfolio. Prior to May 1, 2005,
State Street Research and Management Company served as Sub-advisor of the
Portfolio, then named "AST State Street Research Small-Cap Growth Portfolio."

6: Effective March 20, 2006, Dreman Value Management LLC, Salomon Brothers
Asset Management, Inc., Integrity Asset Management, J.P. Morgan Investment
Management, Inc., and Lee Munder Capital Group became Co-Sub-advisors of the
Portfolio. Effective December 5, 2005, Salomon Brothers Asset Management, Inc.,
Integrity Asset Management, J.P. Morgan Investment Management, Inc., and Lee
Munder Capital Group served as Co-Sub-advisors of the Portfolio. The name of
the Portfolio remains unchanged.

7: Effective December 5, 2005, the AST Alger All-Cap Growth Portfolio merged
into the AST Neuberger Berman Mid-Cap Growth Portfolio. The annual expenses for
the successor portfolio is an estimate of what the expenses of the portfolio
will be as a result of the merger. The annual expenses of the AST Neuberger
Berman Mid-Cap Growth Portfolio prior to the Merger were as follows: Management
Fee: 0.90%; Other Expenses: 0.22%; 12b-1 Fee: None; Total Annual Portfolio
Operating Expenses: 1.12%.

8: Effective December 5, 2005, EARNEST Partners LLC and WEDGE Capital
Management, LLP became Co-Sub-advisors of the Portfolio. Prior to December 5,
2005, GAMCO Investors, Inc. served as Sub-advisor of the Portfolio, then named
the "AST Gabelli All-Cap Value Portfolio."

9: Effective December 5, 2005, T. Rowe Price became the Sub-advisor of the
Portfolio. Prior to December 5, 2005, Alliance Capital Management, L.P. served
as Sub-advisor of the Portfolio, then named the "AST AllianceBernstein
Large-Cap Growth Portfolio."

10: Effective May 1, 2005, the name of the Portfolio was changed from "AST
Sanford Bernstein Core Value Portfolio" to "AST AllianceBernstein Core Value
Portfolio."

11: Effective May 1, 2005, the name of the Portfolio was changed from "AST
Sanford Bernstein Managed Index 500 Portfolio" to "AST AllianceBernstein
Managed Index 500 Portfolio." Effective December 5, 2005, the AST
AllianceBernstein Growth + Value Portfolio merged into the AST
AllianceBernstein Managed Index 500 Portfolio. The annual expenses for the
successor portfolio is an estimate of what the expenses of the portfolio will
be as a result of the merger. The annual expenses of the AST AllianceBernstein
Managed Index 500 Portfolio prior to the Merger were as follows: Management
Fee: 0.60%; Other Expenses: 0.17%; 12b-1 Fee: None; Total Annual Portfolio
Operating Expenses: 0.77%.

12: Effective May 1, 2005, the name of the Portfolio was changed from "AST
Alliance Growth and Income Portfolio" to "AST AllianceBernstein Growth & Income
Portfolio."

13: Effective March 20, 2006, Dreman Value Management LLC, J.P. Morgan
Investment Management, Inc. and Hotchkis & Wiley Capital Management, LLC became
Co-Sub-advisors of the Portfolio. Effective December 5, 2005, J.P. Morgan
Investment Management, Inc. and Hotchkis & Wiley Capital Management, LLC served
as Co-Sub-advisors of the Portfolio. Prior to December 5, 2005, Hotchkis &
Wiley Capital Management, LLC served as Sub-advisor of the Portfolio, then
named the "AST Hotchkis & Wiley Large-Cap Value Portfolio."

14: The AST Global Allocation Portfolio invests primarily in shares of other
AST Portfolios (the "Underlying Portfolios").

a: The only management fee directly paid by the Portfolio is a 0.10% fee
paid to American Skandia Investment Services, Inc. and Prudential
Investments LLC. The management fee shown in the chart for the Portfolio is
(i) that 0.10% management fee paid by the Portfolio plus (ii) an estimate
of the management fees paid by the Underlying Portfolios, which are borne
indirectly by investors in the Portfolio. The estimate was calculated based
on the percentage of the Portfolio invested in each Underlying Portfolio as
of December 31, 2004 using the management fee rates shown in the chart
above.

b: The expense information shown in the chart for the Portfolio reflects
(i) the expenses of the Portfolio itself plus (ii) an estimate of the
expenses paid by the Underlying Portfolios, which are borne indirectly by
investors in the Portfolio. The estimate was calculated based on the
percentage of the Portfolio invested in each Underlying Portfolio as of
December 31, 2004 using the expense rates for the Underlying Portfolios
shown in the above chart.

c: Effective May 1, 2005, Prudential Investment LLC provides day-to-day
management of the Portfolio. Prior to May 1, 2005, Deutsche Asset
Management, Inc. served as Sub-advisor of the Portfolio, then named "AST
DeAM Global Allocation Portfolio."

15: Based in part on estimated amounts for the current fiscal year. Each Asset
Allocation Portfolio invests primarily in shares of one or more Underlying
Portfolios. The only management fee directly paid by an Asset Allocation
Portfolio is a 0.15% fee paid to the Investment Managers. The management fee
shown in the chart for each Asset Allocation Portfolio is (i) the 0.15%
management fee to be paid by the Asset Allocation Portfolios to the Investment
Managers plus (ii) a weighted average estimate of the management fees to be
paid by the Underlying Portfolios to the Investment Managers, which are borne
indirectly by investors in the Asset Allocation Portfolio. Each weighted
average estimate of the management fees to be paid by the Underlying Portfolios
is based on the expected initial division of assets among the equity and
debt/money market asset classes for the applicable Asset Allocation Portfolio
and the annual operating expense ratios for the Underlying Portfolios as set
forth in the Underlying Portfolio Prospectus. The management fees paid by an
Asset Allocation Portfolio may be greater or less than those indicated above.

16: Based on the estimated amounts for the current fiscal year. The other
expenses shown in the chart for each Asset Allocation Portfolio include: (i)
the other expenses expected to be paid by the Asset Allocation Portfolio to the
Investment Managers and other service providers plus (ii) a weighted average
estimate of the other expenses to be paid by the Underlying Portfolios to the
Investment Managers and other service providers, which are borne indirectly by
investors in the Asset Allocation Portfolio. Each weighted average estimate of
the other expenses to be paid by the Underlying Portfolios is based on the
expected initial division of assets among the equity and debt/money market
asset classes for the applicable Asset Allocation Portfolio and the annual
operating expense ratios for the Underlying Portfolios as set forth in the
Underlying Portfolio Prospectus. The other expenses paid by an Asset Allocation
Portfolio may be greater or less than those indicated above. A description of
the types of costs that are included as other expenses for the Underlying
Portfolios is set forth under the caption "Management of the Trust -- Other
Expenses" in the Underlying Portfolio Prospectus.

17: Effective March 20, 2006, Pacific Investment Management Company, LLC and
Goldman Sachs Asset Management L.P. became Co-Sub-advisors of the Portfolio.
Prior to March 20, 2005, Goldman Sachs Asset Management L.P. served as
Sub-advisor of the Portfolio, then named "AST Goldman Sachs High Yield
Portfolio."

18: Effective December 5, 2005, Prudential Investment Management, Inc. became
the Sub-advisor of the Portfolio. Prior to December 5, 2005, Wells Capital
Management, Inc. served as Sub-advisor of the Portfolio. The name of the
Portfolio remains unchanged.

PRUCO LIFE OF NEW JERSEY ANNUITIES PROSPECTUS

Expense Examples
- --------------------------------------------------------------------------------

These examples are intended to help you compare the cost of investing in one
Pruco Life of New Jersey Annuity with the cost of investing in other Pruco Life
of New Jersey Annuities and/or other variable annuities.
Below are examples for each Annuity showing what you would pay in expenses at
the end of the stated time periods had you invested $10,000 in the Annuity and
your investment has a 5% return each year.
The examples reflect the following fees and charges for each Annuity as
described in "Summary of Contract Fees and Charges":

o Insurance Charge
o Contingent Deferred Sales Charge (when and if applicable)
o Annual Maintenance Fee

The examples also assume the following for the period shown:

o You allocate all of your Account Value to the Sub-account with the maximum
total operating expenses, and those expenses remain the same each year
o You make no withdrawals of Account Value
o You make no transfers, or other transactions for which we charge a fee
o No tax charge applies
o You elect the Lifetime Five Income Benefit and the Highest Anniversary Value
Death Benefit
o For the X Series example, the Purchase Credit applicable to the Annuity is
5% of the Purchase Payment*
o For the X Series example, the Longevity Credit does not apply.

Amounts shown in the examples are rounded to the nearest dollar.

* The Purchase Credit that is applied to Purchase Payments received depends
upon the age of the Owner when the Purchase Payment was made. (See "How do I
Receive Purchase Credits?")

The examples are illustrative only -- they should not be considered a
representation of past or future expenses of the underlying mutual funds or
their portfolios -- actual expenses will be less than those shown if you elect
a different combination of optional benefits than indicated in the examples or
if you allocate Account Value to any other available Sub-accounts.

Expense Examples are provided as follows: 1.) if you surrender the Annuity at
the end of the stated time period; 2.) if you annuitize at the end of the
stated time period; and 3.) if you do not surrender your Annuity. Since the
Annuities are first being offered as of the effective date of this prospectus,
no accumulation values are available.

IF YOU SURRENDER YOUR ANNUITY AT THE IF YOU ANNUITIZE YOUR ANNUITY AT THE IF YOU DO NOT SURRENDER
END OF THE APPLICABLE TIME PERIOD: END OF THE APPLICABLE TIME PERIOD:(1) YOUR ANNUITY:
- ----------------------------------------------------------------------------------------------------------------------------

1 YR 3 YRS 5 YRS 10 YRS 1 YR 3 YRS 5 YRS 10 YRS 1 YR 3 YRS 5 YRS 10 YRS
B Series N/A N/A N/A N/A
L Series N/A N/A N/A N/A
X Series N/A N/A N/A N/A

1: You may not annuitize in the first Annuity Year.

PRUCO LIFE OF NEW JERSEY ANNUITIES PROSPECTUS

Investment Options
- --------------------------------------------------------------------------------

WHAT ARE THE INVESTMENT OBJECTIVES AND POLICIES OF THE PORTFOLIO?
Each variable investment option is a Sub-account of the Pruco Life of New
Jersey Flexible Premium Variable Annuity Account (see "What is the Separate
Account" for more detailed information). Each Sub-account invests exclusively
in one Portfolio. You should carefully read the prospectus for any Portfolio in
which you are interested. The following chart classifies each of the Portfolios
based on our assessment of their investment style (as of the date of this
Prospectus). The chart also provides a description of each Portfolio's
investment objective (in italics) and a short, summary description of their key
policies to assist you in determining which Portfolios may be of interest to
you. There is no guarantee that any underlying Portfolio will meet its
investment objective.
The name of the advisor/sub-advisor for each Portfolio appears next to the
description. Those Portfolios whose name includes the prefix "AST" are
Portfolios of American Skandia Trust. The investment managers for AST are
American Skandia Investment Services, Incorporated, a Prudential Financial
Company, and Prudential Investments LLC, affiliated companies of Pruco Life of
New Jersey. However, a sub-advisor, as noted below, is engaged to conduct
day-to-day management.
The Portfolios are not publicly traded mutual funds. They are only
available as investment options in variable annuity contracts and variable life
insurance policies issued by insurance companies, or in some cases, to
participants in certain qualified retirement plans. However, some of the
Portfolios available as Sub-accounts under the Annuities are managed by the
same portfolio advisor or sub-advisor as a retail mutual fund of the same or
similar name that the Portfolio may have been modeled after at its inception.
Certain retail mutual funds may also have been modeled after a Portfolio. While
the investment objective and policies of the retail mutual funds and the
Portfolios may be substantially similar, the actual investments will differ to
varying degrees. Differences in the performance of the funds can be expected,
and in some cases could be substantial. You should not compare the performance
of a publicly traded mutual fund with the performance of any similarly named
Portfolio offered as a Sub-account. Details about the investment objectives,
policies, risks, costs and management of the Portfolios are found in the
prospectuses for the underlying mutual funds. The current prospectus and
statement of additional information for the underlying Portfolios can be
obtained by calling 1-888-PRU-2888.

PRUCO LIFE OF NEW JERSEY ANNUITIES PROSPECTUS

Investment Options continued

- --------------------------------------------------------------------------------

- --------------------------------------------------------------------------------------------------------------------------------
PORTFOLIO
STYLE/ ADVISOR/
TYPE INVESTMENT OBJECTIVES/POLICIES SUB-ADVISOR
- --------------------------------------------------------------------------------------------------------------------------------

International AST JPMorgan International Equity: seeks long-term capital growth by J.P. Morgan
Equity investing in a diversified portfolio of international equity securities. The Portfolio Fleming Asset
seeks to meet its objective by investing, under normal market conditions, at least Management
80% of its assets in a diversified portfolio of equity securities of companies located
or operating in developed non-U.S. countries and emerging markets of the world.
- --------------------------------------------------------------------------------------------------------------------------------
International AST LSV International Value (formerly AST DeAM International Equity) seeks LSV Asset
Equity capital growth. The Portfolio pursues its objective by primarily investing at least Management
80% of the value of its assets in the equity securities of companies in
developed non-U.S. countries that are represented in the MSCI EAFE Index.
- --------------------------------------------------------------------------------------------------------------------------------
International AST MFS Global Equity: seeks capital growth. Under normal circumstances the Massachusetts
Equity Portfolio invests at least 80% of its assets in equity securities of U.S. and Financial Services
foreign issuers (including issuers in developing countries). The Portfolio generally Company
seeks to purchase securities of companies with relatively large market
capitalizations relative to the market in which they are traded.
- --------------------------------------------------------------------------------------------------------------------------------
Small Cap AST Small-Cap Growth (formerly AST State Street Research Small-Cap Eagle Asset
Growth Growth): seeks long-term capital growth. The Portfolio pursues its objective by Management,
primarily investing in the common stocks of small-capitalization companies. Neuberger Berman
Management, Inc.
- --------------------------------------------------------------------------------------------------------------------------------
Small Cap AST DeAM Small-Cap Growth: seeks maximum growth of investors' capital Deutsche Asset
Growth from a portfolio of growth stocks of smaller companies. The Portfolio pursues its Management, Inc.
objective, under normal circumstances, by primarily investing at least 80% of its
total assets in the equity securities of small-sized companies included in the
Russell 2000 Growth(R) Index.
- --------------------------------------------------------------------------------------------------------------------------------
Small Cap AST Federated Aggressive Growth: seeks capital growth. The Portfolio Federated Equity
Growth pursues its investment objective by investing primarily in the stocks of small Management
companies that are traded on national security exchanges, the NASDAQ stock Company of
exchange and the over-the-counter-market. Pennsylvania/
Federated Global
Investment
Management Corp.
- --------------------------------------------------------------------------------------------------------------------------------
Small Cap AST Small-Cap Value: seeks to provide long-term capital growth by investing Integrity Asset
Value primarily in small-capitalization stocks that appear to be undervalued. The Management; Lee
Portfolio will have a non-fundamental policy to invest, under normal Munder Investments,
circumstances, at least 80% of the value of its net assets in small-capitalization Ltd.; J.P. Morgan
stocks. The Portfolio will focus on common stocks that appear to be undervalued. Investment
Management, Inc.;
Salomon Brothers
Asset Management,
Inc.; Dreman Value
Management LLC
- --------------------------------------------------------------------------------------------------------------------------------
Small Cap AST DeAM Small-Cap Value: seeks maximum growth of investors' capital. Deutsche Asset
Value The Portfolio pursues its objective, under normal market conditions, by primarily Management, Inc.
investing at least 80% of its total assets in the equity securities of small-sized
companies included in the Russell 2000(R) Value Index.
- --------------------------------------------------------------------------------------------------------------------------------

PRUCO LIFE OF NEW JERSEY ANNUITIES PROSPECTUS

- --------------------------------------------------------------------------------

Mid Cap AST Goldman Sachs Mid-Cap Growth: seeks long-term capital growth. The Goldman Sachs
Growth Portfolio pursues its investment objective, by investing primarily in equity Asset Management,
securities selected for their growth potential, and normally invests at least 80% L.P.
of the value of its assets in medium capitalization companies.
- --------------------------------------------------------------------------------------------------------------------------------
Mid Cap AST Neuberger Berman Mid-Cap Growth (AST Alger All Cap Growth merged Neuberger Berman
Growth into this portfolio): seeks capital growth. Under normal market conditions, the Management Inc.
Portfolio primarily invests at least 80% of its net assets in the common stocks of
mid-cap companies. The Sub-advisor looks for fast-growing companies that are in
new or rapidly evolving industries.
- --------------------------------------------------------------------------------------------------------------------------------
Mid Cap Value AST Neuberger Berman Mid-Cap Value: seeks capital growth. Under normal Neuberger Berman
market conditions, the Portfolio primarily invests at least 80% of its net assets Management Inc.
in the common stocks of mid-cap companies. Under the Portfolio's value-oriented
investment approach, the Sub-advisor looks for well-managed companies whose
stock prices are undervalued and that may rise before other investors realize
their worth.
- --------------------------------------------------------------------------------------------------------------------------------
Mid Cap Value AST Mid-Cap Value (formerly AST Gabelli All-Cap Value): seeks to provide EARNEST Partners
capital growth by investing primarily in mid-capitalization stocks that appear to LLC/Wedge Capital
be undervalued. The Portfolio has a non-fundamental policy to invest, under Management, LLP
normal circumstances, at least 80% of the value of its net assets in mid-
capitalization companies.
- --------------------------------------------------------------------------------------------------------------------------------
Specialty AST T. Rowe Price Natural Resources: seeks long-term capital growth T. Rowe Price
primarily through the common stocks of companies that own or develop natural Associates, Inc.
resources (such as energy products, precious metals and forest products) and
other basic commodities. The Portfolio normally invests primarily (at least 80% of
its total assets) in the common stocks of natural resource companies whose
earnings and tangible assets could benefit from accelerating inflation.
- --------------------------------------------------------------------------------------------------------------------------------
Large Cap AST T. Rowe Price Large-Cap Growth (formerly AST AllianceBernstein T. Rowe Price
Growth Large-Cap Growth): seeks long-term growth of capital by investing predominantly Associates, Inc.
in the equity securities of a limited number of larger, carefully selected, high-
quality U.S. companies that are judged likely to achieve superior earnings
growth. The Portfolio takes a growth approach to investment selection and
normally invests at least 80% of its net assets in the common stocks of large
cap companies.
- --------------------------------------------------------------------------------------------------------------------------------
Large Cap AST MFS Growth: seeks long-term capital growth and future income. Under Massachusetts
Growth normal market conditions, the Portfolio invests at least 80% of its total assets in Financial Services
common stocks and related securities, such as preferred stocks, convertible Company
securities and depositary receipts, of companies that the Sub-advisor believes
offer better than average prospects for long-term growth.
- --------------------------------------------------------------------------------------------------------------------------------
Large Cap AST Marsico Capital Growth: seeks capital growth. Income realization is Marsico Capital
Growth not an investment objective and any income realized on the Portfolio's Management, LLC
investments, therefore, will be incidental to the Portfolio's objective. The
Portfolio will pursue its objective by investing primarily in common stocks of
larger, more established companies.
- --------------------------------------------------------------------------------------------------------------------------------

PRUCO LIFE OF NEW JERSEY ANNUITIES PROSPECTUS

Investment Options continued

- --------------------------------------------------------------------------------

Large Cap AST Goldman Sachs Concentrated Growth: seeks growth of capital in a Goldman Sachs
Growth manner consistent with the preservation of capital. Realization of income is not Asset Management,
a significant investment consideration and any income realized on the Portfolio's L.P.
investments, therefore, will be incidental to the Portfolio's objective. The
Portfolio will pursue its objective by investing primarily in equity securities of
companies that the Sub-advisor believes have potential to achieve capital
appreciation over the long-term.
- --------------------------------------------------------------------------------------------------------------------------------
Large Cap AST DeAM Large-Cap Value: seeks maximum growth of capital by investing Deutsche Asset
Value primarily in the value stocks of larger companies. The Portfolio pursues its Management, Inc.
objective, under normal market conditions, by primarily investing at least 80% of
the value of its assets in the equity securities of large-sized companies included
in the Russell 1000(R) Value Index.
- --------------------------------------------------------------------------------------------------------------------------------
Large Cap AST AllianceBernstein Core Value (formerly AST Sanford Bernstein Core Alliance Capital
Growth Value Value): seeks long-term capital growth by investing primarily in common Management, L.P.
stocks. The Sub-advisor expects that the majority of the Portfolio's assets
will be invested in the common stocks of large companies that appear to
be undervalued.
- --------------------------------------------------------------------------------------------------------------------------------
Specialty AST Cohen & Steers Realty: seeks to maximize total return through Cohen & Steers
investment in real estate securities. The Portfolio pursues its investment Capital
objective by investing, under normal circumstances, at least 80% of its net Management, Inc.
assets in securities of real estate issuers.
- --------------------------------------------------------------------------------------------------------------------------------
Large Cap AST AllianceBernstein Managed Index 500 (AST AllianceBernstein Growth + Alliance Capital
Blend Value merged into this portfolio): seeks to outperform the S&P 500 through stock Management, L.P.
selection resulting in different weightings of common stocks relative to the
index. The Portfolio will invest, under normal circumstances, at least 80% of its
net assets in securities included in the Standard & Poor's 500 Composite Stock
Price Index.
- --------------------------------------------------------------------------------------------------------------------------------
Large Cap AST American Century Income & Growth: seeks capital growth with current American Century
Value income as a secondary objective. The Portfolio invests primarily in common Investment
stocks that offer potential for capital growth, and may, consistent with its Management, Inc.
investment objective, invest in stocks that offer potential for current income.
- --------------------------------------------------------------------------------------------------------------------------------
Large Cap AST AllianceBernstein Growth & Income: seeks long-term growth of capital Alliance Capital
Value and income while attempting to avoid excessive fluctuations in market value. The Management, L.P.
Portfolio normally will invest in common stocks (and securities convertible into
common stocks).
- --------------------------------------------------------------------------------------------------------------------------------
Large Cap AST Large-Cap Value (formerly AST Hotchkis & Wiley Large-Cap Value): seeks Hotchkis & Wiley
Value current income and long-term growth of income, as well as capital appreciation. Capital
The Portfolio invests, under normal circumstances, at least 80% of its net assets Management, LLC;
in common stocks of large-cap U.S. companies. The Portfolio focuses on common J.P. Morgan
stocks that have a high cash dividend or payout yield relative to the market or Investment
that possess relative value within sectors. Management, Inc.;
Dreman Value
Management LLC
- --------------------------------------------------------------------------------------------------------------------------------

PRUCO LIFE OF NEW JERSEY ANNUITIES PROSPECTUS

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Asset AST Global Allocation (formerly AST DeAM Global Allocation): seeks to obtain Prudential
Allocation/ the highest potential total return consistent with a specified level of risk Investments LLC
Balanced tolerance. The Portfolio seeks to achieve its investment objective by investing in
several other AST Portfolios ("Underlying Portfolios"). The Portfolio intends its
strategy of investing in combinations of Underlying Portfolios to result in
investment diversification that an investor could otherwise achieve only by
holding numerous investments.
- --------------------------------------------------------------------------------------------------------------------------------
Asset AST American Century Strategic Balanced: seeks capital growth and American Century
Allocation/ current income. The Sub-advisor intends to maintain approximately 60% of the Investment
Balanced Portfolio's assets in equity securities and the remainder in bonds and other fixed Management, Inc.
income securities.
- --------------------------------------------------------------------------------------------------------------------------------
Asset AST T. Rowe Price Asset Allocation: seeks a high level of total return by T. Rowe Price
Allocation/ investing primarily in a diversified portfolio of fixed income and equity securities. Associates, Inc.
Balanced The Portfolio normally invests approximately 60% of its total assets in equity
securities and 40% in fixed income securities. This mix may vary depending on
the Sub-advisor's outlook for the markets.
- --------------------------------------------------------------------------------------------------------------------------------
Asset AST First Trust Balanced Target: seeks long-term capital growth balanced by First Trust Advisors
Allocation/ current income. The portfolio normally invests approximately 65% of its total L.P.
Balanced assets in equity securities and 35% in fixed income securities. Depending on
market conditions, the equity portion may range between 60-70% and the fixed
income portion between 30-40%. The Portfolio allocates its assets across a
number of uniquely specialized quantitative investment strategies.
- --------------------------------------------------------------------------------------------------------------------------------
Asset AST First Trust Capital Appreciation Target: seeks long-term growth of First Trust Advisors
Allocation/ capital. The portfolio normally invests approximately 80% of its total assets in L.P.
Balanced equity securities and 20% in fixed income securities. Depending on market
conditions, the equity portion may range between 75-85% and the fixed income
portion between 15-25%. The Portfolio allocates its assets across a number of
uniquely specialized quantitative investment strategies.
- --------------------------------------------------------------------------------------------------------------------------------
Asset AST Advanced Strategies: seeks a high level of absolute return. The Portfolio Marsico Capital
Allocation/ invests primarily in a diversified portfolio of equity and fixed income securities Management, LLC;
Balanced across different investment categories and investment managers. The Portfolio T. Rowe Price
pursues a combination of traditional and non-traditional investment strategies. Associates, Inc.;
LSV Asset
Management;
William Blair &
Company, L.L.C.;
Pacific Investment
Management
Company LLC
(PIMCO); Prudential
Investments LLC
- --------------------------------------------------------------------------------------------------------------------------------

PRUCO LIFE OF NEW JERSEY ANNUITIES PROSPECTUS

Investment Options continued

- --------------------------------------------------------------------------------

Asset AST Aggressive Asset Allocation: seeks the highest potential total return American Skandia
Allocation/ consistent with its specified level of risk tolerance. The Portfolio will invest its Investment
Balanced assets in several other American Skandia Trust Portfolios. Under normal market Services, Inc./
conditions, the Portfolio will devote between 92.5% to 100% of its net assets to Prudential
underlying portfolios investing primarily in equity securities, and 0% to 7.5% of Investments LLC
its net assets to underlying portfolios investing primarily in debt securities and
money market instruments.
- --------------------------------------------------------------------------------------------------------------------------------
Asset AST Capital Growth Asset Allocation: seeks the highest potential total return American Skandia
Allocation/ consistent with its specified level of risk tolerance. The Portfolio will invest its Investment
Balanced assets in several other American Skandia Trust Portfolios. Under normal market Services, Inc./
conditions, the Portfolio will devote between 72.5% to 87.5% of its net assets Prudential
to underlying portfolios investing primarily in equity securities, and 12.5% to Investments LLC
27.5% of its net assets to underlying portfolios investing primarily in debt
securities and money market instruments.
- --------------------------------------------------------------------------------------------------------------------------------
Asset AST Balanced Asset Allocation: seeks the highest potential total return American Skandia
Allocation/ consistent with its specified level of risk tolerance. The Portfolio will invest its Investment
Balanced assets in several other American Skandia Trust Portfolios. Under normal market Services, Inc./
conditions, the Portfolio will devote between 57.5% to 72.5% of its net assets Prudential
to underlying portfolios investing primarily in equity securities, and 27.5% to Investments LLC
42.5% of its net assets to underlying portfolios investing primarily in debt
securities and money market instruments.
- --------------------------------------------------------------------------------------------------------------------------------
Asset AST Conservative Asset Allocation: seeks the highest potential total return American Skandia
Allocation/ consistent with its specified level of risk tolerance. The Portfolio will invest its Investment
Balanced assets in several other American Skandia Trust Portfolios. Under normal market Services, Inc./
conditions, the Portfolio will devote between 47.5% to 62.5% of its net assets Prudential
to underlying portfolios investing primarily in equity securities, and 37.5% to Investments LLC
52.5% of its net assets to underlying portfolios investing primarily in debt
securities and money market instruments.
- --------------------------------------------------------------------------------------------------------------------------------
Asset AST Preservation Asset Allocation: seeks the highest potential total return American Skandia
Allocation/ consistent with its specified level of risk tolerance. The Portfolio will invest its Investment
Balanced assets in several other American Skandia Trust Portfolios. Under normal market Services, Inc./
conditions, the Portfolio will devote between 27.5% to 42.5% of its net assets Prudential
to underlying portfolios investing primarily in equity securities, and 57.5% to Investments LLC
72.5% of its net assets to underlying portfolios investing primarily in debt
securities and money market instruments.
- --------------------------------------------------------------------------------------------------------------------------------
Fixed Income AST T. Rowe Price Global Bond: seeks to provide high current income and T. Rowe Price
capital growth by investing in high quality foreign and U.S. dollar-denominated International, Inc.
bonds. The Portfolio will invest at least 80% of its total assets in fixed income
securities, including high quality bonds issued or guaranteed by U.S. or foreign
governments or their agencies and by foreign authorities, provinces and
municipalities as well as investment grade corporate bonds and mortgage and
asset-backed securities of U.S. and foreign issuers.
- --------------------------------------------------------------------------------------------------------------------------------

PRUCO LIFE OF NEW JERSEY ANNUITIES PROSPECTUS

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Fixed Income AST High Yield (formerly AST Goldman Sachs High Yield Portfolio): seeks a Goldman Sachs
high level of current income and may also consider the potential for capital Asset Management,
appreciation. The Portfolio invests, under normal circumstances, at least 80% of L.P.; Pacific
its net assets plus any borrowings for investment purposes (measured at time of Investment
purchase) in high-yield, fixed-income securities that, at the time of purchase, are Management
non-investment grade securities. Company, LLC
(PIMCO)
- --------------------------------------------------------------------------------------------------------------------------------
Fixed Income AST Lord Abbett Bond-Debenture: seeks high current income and the Lord, Abbett & Co.
opportunity for capital appreciation to produce a high total return. To pursue its LLC
objective, the Portfolio will invest, under normal circumstances, at least 80% of
the value of its assets in fixed income securities and normally invests primarily
in high yield and investment grade debt securities, securities convertible into
common stock and preferred stocks.
- --------------------------------------------------------------------------------------------------------------------------------
Fixed Income AST PIMCO Total Return Bond: seeks to maximize total return consistent with Pacific Investment
preservation of capital and prudent investment management. The Portfolio will Management
invest in a diversified portfolio of fixed-income securities of varying maturities. Company LLC
The average portfolio duration of the Portfolio generally will vary within a three- (PIMCO)
to six-year time frame based on the Sub-advisor's forecast for interest rates.
- --------------------------------------------------------------------------------------------------------------------------------
Fixed Income AST PIMCO Limited Maturity Bond: seeks to maximize total return consistent Pacific Investment
with preservation of capital and prudent investment management. The Portfolio Management
will invest in a diversified portfolio of fixed-income securities of varying Company LLC
maturities. The average portfolio duration of the Portfolio generally will vary (PIMCO)
within a one- to three-year time frame based on the Sub-advisor's forecast for
interest rates.
- --------------------------------------------------------------------------------------------------------------------------------
Fixed Income AST Money Market: seeks high current income while maintaining high levels Prudential
of liquidity. The Portfolio attempts to accomplish its objective by maintaining a Investment
dollar-weighted average maturity of not more than 90 days and by investing in Management, Inc.
securities which have effective maturities of not more than 397 days.
- --------------------------------------------------------------------------------------------------------------------------------

"Standard & Poor's(R), "S&P(R)," "S&P 500(R)," "Standard & Poor's 500," and
"500" are trademarks of the McGraw-Hill Companies, Inc. and have been licensed
for use by American Skandia Investment Services, Incorporated. The Portfolio is
not sponsored, endorsed, sold or promoted by Standard & Poor's and Standard &
Poor's makes no representation regarding the advisability of investing in the
Portfolio.

WHAT ARE THE FIXED RATE OPTIONS?
One-Year Fixed Interest Rate Option
We offer a one-year Fixed Rate Option. When you select this option, your
payment will earn interest at the established rate for the applicable interest
rate period. A new interest rate period is established every time you allocate
or transfer money into a Fixed Rate Option. You may have money allocated in
more than one interest rate period at the same time. This could result in your
money earning interest at different rates and each interest rate period
maturing at a different time. While these interest rates may change from time
to time they will not be less than the minimum interest rate indicated in your
Annuity which currently is 1.5% annually.
Amounts allocated to the Fixed Rate Option become part of Pruco Life of
New Jersey's general assets.
We set a one-year base guaranteed annual interest rate for the one-year
Fixed Rate Option. We may also provide an additional interest rate on each
purchase payment allocated to this option for the first year after the payment.
This additional interest rate will not apply to amounts transferred from other
investment options within an Annuity or amounts remaining in this option for
more than one year.

PRUCO LIFE OF NEW JERSEY ANNUITIES PROSPECTUS

Investment Options continued

- --------------------------------------------------------------------------------

We will permit transfers out of the one-year Fixed Rate Option only during
the 30 day period following the end of the one-year period. We retain the right
to limit the amount of Account Value that may be transferred into or out of the
one-year Fixed Rate Option. In addition, we reserve the right to cease offering
this investment option for periods of time.

Other Fixed Rate Interest Options We May Offer From Time to Time
From time to time we may offer an Enhanced Dollar Cost Averaging ("DCA")
program. If we do, you may allocate all or part of any Purchase Payment to the
Enhanced Fixed Rate Option. You would then automatically transfer amounts over
stated periods (e.g., six or twelve months) from the Enhanced Fixed Rate Option
to the permissible Sub-accounts, that you select. We reserve the right at any
time to limit the investment options into which Enhanced Fixed Rate Option
assets are transferred. You may not thereafter change the period during which
transfers will be made. After selecting the time period over which transfers
will occur, you may not thereafter change the period during which transfers
will be made. You may allocate Purchase Payments to more than one transfer
period. You may not transfer from other investment options to the Enhanced
Fixed Rate Option.
The first periodic transfer will occur on the date you allocate your
Purchase Payment to the Enhanced Fixed Rate Option or the date following the
end of any free-look period, if later. Subsequent transfers will occur on the
monthly anniversary of the first transfer. The amount of each periodic transfer
will be based on the period of time during which transfers are scheduled to
occur. For example, if you choose a six-payment transfer schedule, each
transfer generally will equal 1/6th of the amount you allocated to the Enhanced
Fixed Rate Option. The final transfer amount generally will also include the
credited interest. You may change at any time the investment options into which
the Enhanced Fixed Rate Option assets are transferred, provided that any such
investment option is one that we permit. You may make a one time transfer of
the remaining value out of your Enhanced Fixed Rate Option, if you so choose.
Transfers from the Enhanced Fixed Rate Option do not count toward the maximum
number of free transfers allowed under the contract.
If you make a withdrawal or have a fee assessed from your Annuity, and all
or part of that withdrawal or fee comes out of the Enhanced Fixed Rate Option,
we will recalculate the periodic transfer amount to reflect the change. This
recalculation may include some or all of the interest credited to the date of
the next scheduled transfer.
By investing amounts on a regular basis instead of investing the total
amount at one time, the DCA program may decrease the effect of market
fluctuation on the investment of your purchase payment. Of course, Dollar Cost
Averaging cannot ensure a profit or protect against loss in a declining market.
NOTE: When a DCA program is established from a Fixed Rate Option, the
fixed rate of interest we credit to your Account Value is applied to a
declining balance due to the transfers of Account Value to the Sub-accounts
during the Guarantee Period. This will reduce the effective rate of return on
the Fixed Rate Option over the Guarantee Period.

PRUCO LIFE OF NEW JERSEY ANNUITIES PROSPECTUS

Fees and Charges
- --------------------------------------------------------------------------------

The charges under the contracts are designed to cover, in the aggregate, our
direct and indirect costs of selling, administering and providing benefits under
the contracts. They are also designed, in the aggregate, to compensate us for
the risks of loss we assume pursuant to the contracts. If, as we expect, the
charges that we collect from the contracts exceed our total costs in connection
with the contracts, we will earn a profit. Otherwise we will incur a loss. For
example, Pruco Life of New Jersey may make a profit on the Insurance Charge if,
over time, the actual costs of providing the guaranteed insurance obligations
under an Annuity are less than the amount we deduct for the Insurance Charge. To
the extent we make a profit on the Insurance Charge, such profit may be used for
any other corporate purpose, including payment of other expenses that Pruco Life
of New Jersey incurs in promoting, distributing, issuing and administering an
Annuity and, in the case of the X Series, to offset a portion of the costs
associated with offering the Credit features which are funded through Pruco Life
of New Jersey's general account.
The rates of certain of our charges have been set with reference to
estimates of the amount of specific types of expenses or risks that we will
incur. In most cases, this prospectus identifies such expenses or risks in the
name of the charge; however, the fact that any charge bears the name of, or is
designed primarily to defray a particular expense or risk does not mean that
the amount we collect from that charge will never be more than the amount of
such expense or risk, nor does it mean that we may not also be compensated for
such expense or risk out of any other charges we are permitted to deduct by the
terms of the contract. A portion of the proceeds that Pruco Life of New Jersey
receives from charges that apply to the Sub-accounts may include amounts based
on market appreciation of the Sub-account values including appreciation on
amounts that represent any Purchase Credit or Longevity Credit.

WHAT ARE THE CONTRACT FEES AND CHARGES?
Contingent Deferred Sales Charge (CDSC): We do not deduct a sales charge from
Purchase Payments you make to your Annuity. However, we may deduct a CDSC if
you surrender your Annuity or when you make a partial withdrawal. The CDSC
reimburses us for expenses related to sales and distribution of the Annuity,
including commissions, marketing materials and other promotional expenses. The
CDSC is calculated as a percentage of your Purchase Payment being surrendered
or withdrawn during the applicable Annuity Year. The CDSC varies with the
number of Annuity Years that have elapsed since each Purchase Payment being
withdrawn was made. Specifically, we maintain an "age" for each Purchase
Payment you have made, by keeping track of how many Annuity Years have passed
since the Purchase Payment was made. The amount of the CDSC decreases over
time, measured from the date that you made the Purchase Payment being
withdrawn. With respect to a partial withdrawal, we calculate the CDSC by
assuming that any available free withdrawal amount is taken out first (see How
Much Can I Withdraw As A Free Withdrawal?). If the free withdrawal amount is
not sufficient, we then assume that withdrawals are taken from Purchase
Payments on a first-in, first-out basis and then from any earnings in the
Annuity. The CDSC percentages for the B Series, the L Series and the X Series
are shown under "Summary of Contract Fees and Charges".
Under certain circumstances you can withdraw a limited amount of Account
Value without paying a CDSC that would otherwise apply. This is referred to as
a "Free Withdrawal." Free Withdrawals are not treated as a withdrawal of
Purchase Payments for purposes of calculating any applicable CDSC on a
subsequent withdrawal or surrender. Withdrawals of amounts greater than the
maximum Free Withdrawal amount are treated as a withdrawal of Purchase Payments
and will be assessed any applicable CDSC as described above. For purposes of
calculating any applicable CDSC on a surrender, the Purchase Payments being
withdrawn may be greater than your remaining Account Value or the amount of
your withdrawal request. This is most likely to occur if you have made prior
withdrawals under the Free Withdrawal provision or if your Account Value has
declined in value due to negative market performance.
We may waive any applicable CDSC when taking a Minimum Distribution from
an Annuity purchased as a "qualified" investment. Free Withdrawals and Minimum
Distributions are each explained more fully in the section entitled "Access to
Your Account Value".
Transfer Fee: Currently, you may make twenty (20) free transfers between
investment options each Annuity Year. We will charge $10.00 for each transfer
after the twentieth in each Annuity Year. We do not consider transfers made as
part of a Dollar Cost Averaging, Automatic Rebalancing or asset allocation
program when we count the twenty free transfers. All transfers made on the same
day will be treated as one (1) transfer. Renewals or transfers of Account Value
from a Fixed Rate Option at the end of its Guarantee Period are not subject to
the Transfer Fee and are

PRUCO LIFE OF NEW JERSEY ANNUITIES PROSPECTUS

Fees and Charges continued

- --------------------------------------------------------------------------------

not counted toward the twenty free transfers. We may reduce the number of free
transfers allowable each Annuity Year (subject to a minimum of eight) without
charging a Transfer Fee unless you make use of electronic means to transmit your
transfer requests. We may eliminate the Transfer Fee for transfer requests
transmitted electronically or through other means that reduce our processing
costs. If enrolled in any program that does not permit transfer requests to be
transmitted electronically, the Transfer Fee will not be waived.

Annual Maintenance Fee: During the accumulation period we deduct an Annual
Maintenance Fee. The Annual Maintenance Fee is $30.00 or 2% of your Account
Value invested in the Sub-account, whichever is less. This fee will be deducted
annually on the anniversary of the Issue Date of your Annuity or, if you
surrender your Annuity during the Annuity Year, the fee is deducted at the time
of surrender. Currently, the Annual Maintenance Fee is only deducted if your
Account Value is less than $100,000 on the anniversary of the Issue Date or at
the time of surrender. We do not impose the Annual Maintenance Fee upon
annuitization, or the payment of a Death Benefit. We may increase the Annual
Maintenance Fee. However, any increase will only apply to Annuities issued
after the date of the increase.
Tax Charge: Currently, New York does not impose any premium tax. However,
we reserve the right to deduct such a charge if the State of New York imposes
this type of tax in the future. We may assess a charge against the Sub-accounts
and the Fixed Rate Options equal to any taxes which may be imposed upon the
separate accounts.
We will pay company income taxes on the taxable corporate earnings created
by this separate account product. While we may consider company income taxes
when pricing our products, we do not currently include such income taxes in the
tax charges you pay under the contract. We will periodically review the issue
of charging for these taxes and may impose a charge in the future.
In calculating our corporate income tax liability, we derive certain
corporate income tax benefits associated with the investment of company assets,
including separate account assets, which are treated as company assets under
applicable income tax law. These benefits reduce our overall corporate income
tax liability. Under current law, such benefits may include foreign tax credits
and corporate dividends received deductions. We do not pass these tax benefits
through to holders of the separate account annuity contracts because (i) the
contract owners are not the owners of the assets generating these benefits
under applicable income tax law and (ii) we do not currently include company
income taxes in the tax charges you pay under the contract.
Insurance Charge: We deduct an Insurance Charge daily. The charge is
assessed against the average daily assets allocated to the Sub-accounts and is
equal to the amount indicated under "Summary of Contract Fees and Charges". The
Insurance Charge is the combination of the Mortality & Expense Risk Charge and
the Administration Charge. The Insurance Charge is intended to compensate Pruco
Life of New Jersey for providing the insurance benefits under each Annuity,
including each Annuity's basic Death Benefit that provides guaranteed benefits
to your beneficiaries even if the market declines and the risk that persons we
guarantee annuity payments to will live longer than our assumptions. The charge
also covers administrative costs associated with providing the Annuity
benefits, including preparation of the contract, confirmation statements,
annual account statements and annual reports, legal and accounting fees as well
as various related expenses. Finally, the charge covers the risk that our
assumptions about the mortality risks and expenses under each Annuity are
incorrect and that we have agreed not to increase these charges over time
despite our actual costs. We may increase the portion of the total Insurance
Charge that is deducted for administrative costs; however, any increase will
only apply to Annuities issued after the date of the increase.
The Insurance Charge is not deducted against assets allocated to a Fixed
Rate Option. However, the amount we credit to Fixed Rate Options may also
reflect similar assumptions about the insurance guarantees provided under each
Annuity.
Optional Benefits for which we assess a charge: If you elect to purchase
certain optional benefits, we will deduct an additional charge on a daily basis
solely from your Account Value allocated to the Sub-accounts. The additional
charge is included in the daily calculation of the Unit Price for each
Sub-account. We may assess charges for other optional benefits on a different
basis. Please refer to the sections entitled "Living Benefit Programs" and
"Death Benefit" for a description of the charge for each Optional Benefit.
Fees and expenses incurred by the Portfolios: Each Portfolio incurs total
annual operating expenses comprised of an investment management fee, other
expenses and any distribution and service (12b-1) fees that may apply. These
fees and expenses are reflected daily by each Portfolio before it provides

PRUCO LIFE OF NEW JERSEY ANNUITIES PROSPECTUS

- --------------------------------------------------------------------------------

Pruco Life of New Jersey with the net asset value as of the close of business
each day. More detailed information about fees and expenses can be found in the
prospectuses for the Portfolios.

WHAT CHARGES APPLY TO THE FIXED RATE OPTIONS?
No specific fees or expenses are deducted when determining the rate we credit
to a Fixed Rate Option. However, for some of the same reasons that we deduct
the Insurance Charge against Account Value allocated to the Sub-accounts, we
also take into consideration mortality, expense, administration, profit and
other factors in determining the interest rates we credit to Fixed Rate
Options. Any CDSC or Tax Charge applies to amounts that are taken from the
Sub-accounts or the Fixed Rate Options.

WHAT CHARGES APPLY IF I CHOOSE AN ANNUITY PAYMENT OPTION?
If you select a fixed payment option, the amount of each fixed payment will
depend on the Account Value of your Annuity when you elected to annuitize.
There is no specific charge deducted from these payments; however, the amount
of each annuity payment reflects assumptions about our insurance expenses.
Also, a tax charge may apply (see "Tax Charge" above).

EXCEPTIONS/REDUCTIONS TO FEES AND CHARGES
We may reduce or eliminate certain fees and charges or alter the manner in
which the particular fee or charge is deducted. For example, we may reduce the
amount of any CDSC or the length of time it applies, reduce or eliminate the
amount of the Annual Maintenance Fee or reduce the portion of the total
Insurance Charge that is deducted as an Administration Charge. Generally, these
types of changes will be based on a reduction to our sales, maintenance or
administrative expenses due to the nature of the individual or group purchasing
the Annuity. Some of the factors we might consider in making such a decision
are: (a) the size and type of group; (b) the number of Annuities purchased by
an Owner; (c) the amount of Purchase Payments or likelihood of additional
Purchase Payments; (d) whether an annuity is reinstated pursuant to our rules;
and/or (e) other transactions where sales, maintenance or administrative
expenses are likely to be reduced. We will not discriminate unfairly between
Annuity purchasers if and when we reduce any fees and charges.

PRUCO LIFE OF NEW JERSEY ANNUITIES PROSPECTUS

Purchasing Your Annuity
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WHAT ARE OUR REQUIREMENTS FOR PURCHASING ONE OF THE ANNUITIES?
Initial Purchase Payment: You must make a minimum initial Purchase Payment as
follows: $1,000 for the B Series and $10,000 for the X Series and the L Series.
However, if you decide to make payments under a systematic investment or an
electronic funds transfer program, we will accept a lower initial Purchase
Payment provided that, within the first Annuity Year, you make at least the
minimum initial Purchase Payment for the Annuity purchased.
Where allowed by law, we must approve any initial and additional Purchase
Payments of $1,000,000 or more. We may apply certain limitations and/or
restrictions on an Annuity as a condition of our acceptance, including limiting
the liquidity features or the Death Benefit protection provided under an
Annuity, limiting the right to make additional Purchase Payments, changing the
number of transfers allowable under an Annuity or restricting the Sub-accounts
or Fixed Rate Options that are available. Other limitations and/or restrictions
may apply.
Except as noted below, Purchase Payments must be submitted by check drawn
on a U.S. bank, in U.S. dollars, and made payable to Pruco Life of New Jersey.
Purchase Payments may also be submitted via 1035 exchange or direct transfer of
funds. Under certain circumstances, Purchase Payments may be transmitted to
Pruco Life of New Jersey via wiring funds through your Financial Professional's
broker-dealer firm. Additional Purchase Payments may also be applied to your
Annuity under an electronic funds transfer, an arrangement where you authorize
us to deduct money directly from your bank account. We may reject any payment
if it is received in an unacceptable form. Our acceptance of a check is subject
to our ability to collect funds.
Age Restrictions: The Owner must not be older than a maximum issue age as
of the Issue Date of the Annuity as follows: age 85 for the B Series and the L
Series and age 75 for the X Series. No additional Purchase Payments will be
permitted after age 85 for any of the Annuities. If an Annuity is owned
jointly, the oldest of the Owners must not be older than the maximum issue age
on the Issue Date. You should consider your need to access your Account Value
and whether the Annuity's liquidity features will satisfy that need. If you
take a distribution prior to age 59 1/2, you may be subject to a 10% penalty in
addition to ordinary income taxes on any gain. The availability and level of
protection of certain optional benefits may vary based on the age of the Owner
on the Issue Date of the Annuity or the date of the Owner's death.
Owner, Annuitant and Beneficiary Designations: We will ask you to name the
Owner(s), Annuitant and one or more Beneficiaries for your Annuity.
o Owner: The Owner(s) holds all rights under the Annuity. You may name up to
two Owners in which case all ownership rights are held jointly. Generally,
joint owners are required to act jointly; however, if each owner provides us
with an instruction that we find acceptable, we will permit each owner to
act separately. All information and documents that we are required to send
you will be sent to the first named owner. The co-ownership by entity-owners
or an entity-owner and an individual is not permitted. Refer to the Glossary
of Terms for a complete description of the term "Owner."
o Annuitant: The Annuitant is the person upon whose life we continue to make
annuity payments. You must name an Annuitant who is a natural person. We do
not accept a designation of joint Annuitants during the accumulation period.
In limited circumstances we may allow you to name one or more Contingent
Annuitants with our prior approval. A Contingent Annuitant will become the
Annuitant if the Annuitant dies before the Annuity Date. Please refer to the
discussion of "Considerations for Contingent Annuitants" in the Tax
Considerations section of the Prospectus.
o Beneficiary: The Beneficiary is the person(s) or entity you name to receive
the Death Benefit. Your beneficiary designation should be the exact name of
your beneficiary, not only a reference to the beneficiary's relationship to
you. If you use a designation of "surviving spouse," we will pay the Death
Benefit to the individual that is your spouse at the time of your death (as
defined under the federal tax laws and regulations). If no beneficiary is
named the Death Benefit will be paid to you or your estate.

Your right to make certain designations may be limited if your Annuity is
to be used as an IRA or other "qualified" investment that is given beneficial
tax treatment under the Code. You should seek competent tax advice on the
income, estate and gift tax implications of your designations.

PRUCO LIFE OF NEW JERSEY ANNUITIES PROSPECTUS

Managing Your Annuity
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MAY I CHANGE THE OWNER, ANNUITANT AND BENEFICIARY DESIGNATIONS?
You may change the Owner, Annuitant and Beneficiary designations by sending us
a request in writing. Upon an ownership change, any automated investment or
withdrawal programs will be canceled. The new owner must submit the applicable
program enrollment if they wish to participate in such a program. Such changes
will take effect on the date you sign the change request form, provided we
receive the form in good order. Some of the changes we will not accept include,
but are not limited to:
o a new Owner subsequent to the death of the Owner or the first of any
co-Owners to die, except where a spouse-Beneficiary has become the Owner
as a result of an Owner's death;
o a new Annuitant subsequent to the Annuity Date;
o a new Annuitant if the latest Annuity Date would be earlier than prior to
the change.
o for "non-qualified" investments, a new Annuitant prior to the Annuity Date
if the Annuity is owned by an entity; and
o a change in Beneficiary if the Owner had previously made the designation
irrevocable.
There may be restrictions on designation changes when you have elected certain
optional benefits.

Spousal Owners/Spousal Beneficiaries
If an Annuity is co-owned by spouses, we will assume that the sole primary
Beneficiary is the surviving spouse that was named as the co-owner unless you
elect an alternative Beneficiary designation. Unless you elect an alternative
Beneficiary designation, upon the death of either spousal Owner, the surviving
spouse may elect to assume ownership of the Annuity instead of taking the Death
Benefit payment. The Death Benefit that would have been payable will be the new
Account Value of the Annuity as of the date of due proof of death and any
required proof of a spousal relationship. As of the date the assumption is
effective, the surviving spouse will have all the rights and benefits that
would be available under the Annuity to a new purchaser of the same attained
age. For the Spousal Lifetime Five Income Benefit, the eligible surviving
spouse will also be able to assume the benefit with the Annuity. See the
description of this benefit in the "Living Benefit Programs" section of this
Prospectus. For purposes of determining any future Death Benefit for the
beneficiary of the surviving spouse, the new Account Value will be considered
as the initial Purchase Payment. No CDSC will apply to the new Account Value.
However, any additional Purchase Payments applied after the date the assumption
is effective will be subject to all provisions of the Annuity, including the
CDSC when applicable.

Contingent Annuitant
If an Annuity is owned by an entity and the entity has named a Contingent
Annuitant, no Death Benefit is payable upon the death of the Annuitant. The
Annuity is eligible to have a Contingent Annuitant designation if the entity
which owns the annuity is a plan described in Internal Revenue Code Section
72(s)(5)(A)(i) or an entity described in Code Section 72(u)(i), or any
successor Code sections.

MAY I RETURN MY ANNUITY IF I CHANGE MY MIND?
If after purchasing your Annuity you change your mind and decide that you do
not want it, you may return it to us within a certain period of time known as a
right to cancel period. This is often referred to as a "free-look." The right
to cancel period for non-replacement sales is ten (10) days (or whatever period
is otherwise required by applicable law), measured from the time that you
received your Annuity. If you return your Annuity during the applicable period,
we will refund your current Account Value (plus the amount of any fee or other
charges). The amount returned to you may be higher or lower than the Purchase
Payment(s) applied during the right to cancel period. With respect to the X
Series, if you return your Annuity, we will not return any Purchase Credits we
applied to your Annuity based on your Purchase Payments.

MAY I MAKE ADDITIONAL PURCHASE PAYMENTS?
The minimum amount that we accept as an additional Purchase Payment is $100
unless you participate in Pruco Life of New Jersey's Systematic Investment Plan
or a periodic purchase payment program. Additional Purchase Payments may be
paid at any time before the Annuity Date and prior to the Owner's 86th
birthday.

PRUCO LIFE OF NEW JERSEY ANNUITIES PROSPECTUS

Managing Your Annuity continued

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MAY I MAKE SCHEDULED PAYMENTS DIRECTLY FROM MY BANK ACCOUNT?
You can make additional Purchase Payments to your Annuity by authorizing us to
deduct money directly from your bank account and applying it to your Annuity.
We call our electronic funds transfer program "Pruco Life of New Jersey's
Systematic Investment Plan." We may allow you to invest in your Annuity with a
lower initial Purchase Payment, as long as you authorize payments through an
electronic funds transfer that will equal at least the minimum Purchase Payment
set forth above during the first 12 months of your Annuity. We may suspend or
cancel electronic funds transfer privileges if sufficient funds are not
available from the applicable financial institution on any date that a
transaction is scheduled to occur.

MAY I MAKE PURCHASE PAYMENTS THROUGH A SALARY REDUCTION PROGRAM?

These types of programs are only available with certain types of qualified
investments. If your employer sponsors such a program, we may agree to accept
periodic Purchase Payments through a salary reduction program as long as the
allocations are made only to Sub-accounts and the periodic Purchase Payments
received in the first year total at least the minimum Purchase Payment set
forth above.

PRUCO LIFE OF NEW JERSEY ANNUITIES PROSPECTUS

Managing Your Account Value
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HOW AND WHEN ARE PURCHASE PAYMENTS INVESTED?
(See "Valuing Your Investment" for a description of our procedure for pricing
initial and subsequent Purchase Payments.)
Initial Purchase Payment: Once we accept your application, we invest your
Purchase Payment in your Annuity according to your instructions for allocating
your Account Value. The Purchase Payment is your initial Purchase Payment minus
any tax charges that may apply. You can allocate Account Value to one or more
Sub-accounts or a Fixed Rate Option. Investment restrictions will apply if you
elect certain optional benefits.
Subsequent Purchase Payments: Unless you have provided us with other
specific allocation instructions for one, more than one, or all subsequent
Purchase Payments, we will allocate any additional Purchase Payments you make
according to your initial Purchase Payment allocation instructions. If you so
instruct us, we will allocate subsequent Purchase Payments according to any new
allocation instructions.

HOW DO I RECEIVE A LONGEVITY CREDIT UNDER THE X SERIES?
We apply a Longevity Credit to your Annuity's Account Value beginning at the
end of your tenth Annuity Year ("tenth Annuity Anniversary") and every Annuity
Anniversary thereafter. The Longevity Credit is equal to 0.40% of the sum of
all Purchase Payments that have been in the Annuity for more than 9 years less
the cumulative amount of withdrawals made (including the deduction of any CDSC
amounts) through the end of the period. If the total Purchase Payments made
during the period is less than the cumulative amount of withdrawals made during
the same period, no Longevity Credit will be applied to your Annuity. Also, no
Longevity Credit will be applied to your Annuity if your Account Value is zero
when a Longevity Credit would otherwise be paid. This would include any
situation where the Annuity is still in force due to the fact that payments are
being made under an optional benefit such as Lifetime Five. In addition, no
Longevity Credit will be applied to your Annuity if before the Annuity
Anniversary when a Longevity Credit would otherwise be paid: (i) you have
surrendered your Annuity; (ii) you have annuitized your Annuity; or (iii) we
have received due proof of your death (and there has been no spousal
continuation election made). If your spouse continues the contract under our
spousal continuation option, we will apply the Longevity Credit to your Annuity
beginning on the tenth Annuity Anniversary measured from the date that we
originally issued you the Annuity. Since the Longevity Credit is applied to the
Account Value only, any guarantees that are not based on Account Value will not
reflect the Longevity Credit. Similarly, guarantees that are made against a
loss in Account Value will not be triggered in certain very limited
circumstances where they otherwise would have been, had no Longevity Credit
been applied to the Account Value.

HOW ARE LONGEVITY CREDITS APPLIED TO MY ACCOUNT VALUE UNDER THE X SERIES?
Any Longevity Credit that is allocated to your Account Value will be allocated
to a Fixed Rate Option and Sub-accounts in the same percentages as Purchase
Payments are then being allocated to your Annuity.

HOW DO I RECEIVE A PURCHASE CREDIT UNDER THE X SERIES?
We apply a "Purchase Credit" to your Annuity's Account Value each time you make
a Purchase Payment. The amount of the Purchase Credit is payable from our
general account. The amount of the Purchase Credit depends on the age of the
owner when the Purchase Payment is applied to the Annuity, according to the
table below:

Purchase
Owner's age Credit on
on the Purchase
date that the Payments
Purchase as they
Payment is are applied
applied to the to the
Annuity Annuity

0-80 5.00%
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81-85 3.00%

HOW IS EACH PURCHASE CREDIT APPLIED TO ACCOUNT VALUE UNDER THE X SERIES
ANNUITY?
Each Purchase Credit is allocated to your Account Value at the time the
Purchase Payment is applied to your Account Value. The amount of the Purchase
Credit is allocated to the investment options in the same ratio as the
applicable Purchase Payment is applied.

PRUCO LIFE OF NEW JERSEY ANNUITIES PROSPECTUS

Managing Your Account Value continued

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Examples of Applying the Purchase Credit
Initial Purchase Payment
Assume you are 65 years old and you make an initial Purchase Payment of
$450,000. We would apply a 5.0% Purchase Credit to your Purchase Payment and
allocate the amount of the Purchase Credit ($22,500 = $450,000 x .05) to your
Account Value in the proportion that your Purchase Payment is allocated.

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The amount of any Purchase Credit applied to your X Series Account Value can
be recovered by Pruco Life of New Jersey under certain circumstances:
o any Purchase Credit applied to your Account Value on Purchase Payments
made within the 12 months before the date of death will be recovered;
and
o if you elect to "free-look" your Annuity, the amount returned to you will
not include the amount of any Purchase Credit.
The Account Value may be substantially reduced if Pruco Life of New
Jersey recovers the Purchase Credit amount under these circumstances.
However, any investment gain on the Purchase Credit amount will not be taken
back. We do not deduct a CDSC in any situation where we recover the Purchase
Credit amount.
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General Information about the Purchase Credit Feature
o We do not consider a Purchase Credit to be "investment in the contract" for
income tax purposes.
o You may not withdraw the amount of any Purchase Credit under the Free
Withdrawal provision. The Free Withdrawal provision only applies to
withdrawals of Purchase Payments.

ARE THERE RESTRICTIONS OR CHARGES ON TRANSFERS BETWEEN INVESTMENT OPTIONS?
During the accumulation period you may transfer Account Value between
investment options subject to the restrictions outlined below. Transfers are
not subject to taxation on any gain. We do not currently require a minimum
amount in each Sub-account you allocate Account Value to at the time of any
allocation or transfer.
We may impose specific restrictions on financial transactions (including
transfer requests) for certain Portfolios based on the Portfolio's investment
and/or transfer restrictions. We may do so to conform to any present or future
restriction that is imposed by any portfolio available under an Annuity.
Currently, we charge $10.00 for each transfer after the twentieth (20th)
in each Annuity Year. Transfers made as part of a Dollar Cost Averaging or
Automatic Rebalancing program do not count toward the twenty free transfer
limit. Renewals or transfers of Account Value from a Fixed Rate Option at the
end of its Guarantee Period or pursuant to the Enhanced Fixed Rate Option are
not subject to the transfer charge. We may reduce the number of free transfers
allowable each Annuity Year (subject to a minimum of eight) without charging a
Transfer Fee unless you make use of electronic means to transmit your transfer
requests. We may also increase the Transfer Fee that we charge to $25.00 for
each transfer after the number of free transfers has been used up. We may
eliminate the Transfer Fee for transfer requests transmitted electronically or
through other means that reduce our processing costs. If enrolled in any
program that does not permit transfer requests to be transmitted
electronically, the Transfer Fee will not be waived.
Once you have made 20 transfers among the Sub-accounts during an Annuity
Year, we will accept any additional transfer request during that year only if
the request is submitted to us in writing with an original signature and
otherwise is in good order. For purposes of this 20 transfer limit, we (i) do
not view a facsimile transmission as a "writing", (ii) will treat multiple
transfer requests submitted on the same business day as a single transfer, and
(iii) do not count any transfer that solely involves Sub-accounts corresponding
to the AST Money Market Portfolio, or any transfer that involves one of our
systematic programs, such as automated withdrawals.
Frequent transfers among Sub-accounts in response to short-term
fluctuations in markets, sometimes called "market timing," can make it very
difficult for a Portfolio manager to manage a Portfolio's investments. Frequent
transfers may cause the Portfolio to hold more cash than otherwise necessary,
disrupt management strategies, increase transaction costs, or affect
performance.
In light of the risks posed to Owners and other investors by frequent
transfers, we reserve the right to limit the number of transfers in any Annuity
Year for all existing or new Owners and to take the other actions discussed
below. We also reserve the right to limit the number of transfers in any
Annuity Year or to refuse any transfer request for an Owner or certain Owners
if: (a) we believe that excessive transfer activity (as we define it) or a
specific transfer request or group of transfer requests may have a detrimental
effect on Unit Values or the share prices of the Portfolios; or (b) we are
informed by a

PRUCO LIFE OF NEW JERSEY ANNUITIES PROSPECTUS

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Portfolio (e.g., by the Portfolio's portfolio manager) that the purchase or
redemption of shares in the Portfolio must be restricted because the Portfolio
believes the transfer activity to which such purchase and redemption relates
would have a detrimental effect on the share prices of the affected Portfolio.
Without limiting the above, the most likely scenario where either of the above
could occur would be if the aggregate amount of a trade or trades represented a
relatively large proportion of the total assets of a particular Portfolio. In
furtherance of our general authority to restrict transfers as described above,
and without limiting other actions we may take in the future, we have adopted
the following specific restrictions:

o With respect to each Sub-account (other than the AST Money Market
Sub-account), we track amounts exceeding a certain dollar threshold that
were transferred into the Sub-account. If you transfer such amount into a
particular Sub-account, and within 30 calendar days thereafter transfer
(the "Transfer Out") all or a portion of that amount into another
Sub-account, then upon the Transfer Out, the former Sub-account becomes
restricted (the "Restricted Sub-account"). Specifically, we will not
permit subsequent transfers into the Restricted Sub-account for 90
calendar days after the Transfer Out if the Restricted Sub-account invests
in a non-international Portfolio, or 180 calendar days after the Transfer
Out if the Restricted Sub-account invests in an international Portfolio.
For purposes of this rule, we (i) do not count transfers made in
connection with one of our systematic programs, such as automated
withdrawals; (ii) do not count any transfer that solely involves the AST
Money Market Portfolio; and (iii) do not categorize as a transfer the
first transfer that you make after the Issue Date, if you make that
transfer within 30 calendar days after the Issue Date. Even if an amount
becomes restricted under the foregoing rules, you are still free to redeem
the amount from your Annuity at any time.

o We reserve the right to effect exchanges on a delayed basis for all
contracts. That is, we may price an exchange involving the Sub-accounts on
the Valuation Day subsequent to the Valuation Day on which the exchange
request was received. Before implementing such a practice, we would issue
a separate written notice to Owners that explains the practice in detail.

o If we deny one or more transfer requests under the foregoing rules, we will
inform you or your Financial Professional promptly of the circumstances
concerning the denial.

o There are contract owners of different variable annuity contracts that are
funded through the same Separate Account that may not be subject to the
above-referenced transfer restrictions and, therefore, might make more
numerous and frequent transfers than contract owners who are subject to
such limitations. Finally, there are contract owners of other variable
annuity contracts or variable life contracts that are issued by Pruco Life
of New Jersey as well as other insurance companies that have the same
underlying mutual fund portfolios available to them. Since some contract
owners are not subject to the same transfer restrictions, unfavorable
consequences associated with such frequent trading within the underlying
mutual fund (e.g., greater portfolio turnover, higher transaction costs,
or performance or tax issues) may affect all contract owners. Similarly,
while contracts managed by an Financial Professional are subject to the
restrictions on transfers between investment options that are discussed
above, if the advisor manages a number of contracts in the same fashion
unfavorable consequences may be associated with management activity since
it may involve the movement of a substantial portion of an underlying
mutual fund's assets which may affect all contract owners invested in the
affected options. Apart from jurisdiction-specific and contract
differences in transfer restrictions, we will apply these rules uniformly
(including contracts managed by an Financial Professional), and will not
waive a transfer restriction for any contract owner.
Although our transfer restrictions are designed to prevent excessive
transfers, they are not capable of preventing every potential occurrence of
excessive transfer activity.

DO YOU OFFER MORE THAN ONE DOLLAR COST AVERAGING PROGRAM?
Yes. We offer Dollar Cost Averaging during the accumulation period. Dollar Cost
Averaging allows you to systematically transfer an amount periodically from one
Sub-account to one or more other Sub-accounts. You can choose to transfer
earnings only, principal plus earnings or a flat dollar amount. You may elect a
Dollar Cost Averaging program that transfers amounts monthly, quarterly,
semi-annually, or annually from Sub-accounts. By investing amounts on a regular
basis instead of investing the total amount at one time, Dollar Cost Averaging
may decrease the effect of market fluctuation on the investment of your
Purchase Payment. This may result in a lower average cost of units

PRUCO LIFE OF NEW JERSEY ANNUITIES PROSPECTUS

Managing Your Account Value continued

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over time. However, there is no guarantee that Dollar Cost Averaging will
result in a profit or protect against a loss in a declining market. There is no
minimum Account Value required to enroll in a Dollar Cost Averaging program and
we do not deduct a charge for participating in a Dollar Cost Averaging program.
The Dollar Cost Averaging Program is in addition to any Dollar Cost Averaging
program that would be made available in connection with any Enhanced Fixed Rate
Option we may offer from time to time as described above.

DO YOU OFFER ANY AUTOMATIC REBALANCING PROGRAMS?
Yes. During the accumulation period, we offer Automatic Rebalancing among the
Sub-accounts you choose. You can choose to have your Account Value rebalanced
monthly, quarterly, semi-annually, or annually. On the appropriate date, the
Sub-accounts you chose are rebalanced to the allocation percentages you
requested. With Automatic Rebalancing, we transfer the appropriate amount from
the "overweighted" Sub-accounts to the "underweighted" Sub-accounts to return
your allocations to the percentages you request. For example, over time the
performance of the Sub-accounts will differ, causing your percentage
allocations to shift.
Any transfer to or from any Sub-account that is not part of your Automatic
Rebalancing program, will be made; however, that Sub-account will not become
part of your rebalancing program unless we receive instructions from you
indicating that you would like such option to become part of the program.
There is no minimum Account Value required to enroll in Automatic
Rebalancing. All rebalancing transfers as part of an Automatic Rebalancing
program are not included when counting the number of transfers each year toward
the maximum number of free transfers. We do not deduct a charge for
participating in an Automatic Rebalancing program. Participation in the
Automatic Rebalancing program may be restricted if you are enrolled in certain
other optional programs. Sub-accounts that are part of a systematic withdrawal
program or Dollar Cost Averaging program will be excluded from an Automatic
Rebalancing program.

MAY I GIVE MY FINANCIAL PROFESSIONAL PERMISSION TO MANAGE MY ACCOUNT VALUE?
Yes. Your Financial Professional may direct the allocation of your Account
Value and request financial transactions between investment options while you
are living, subject to our rules if you so instruct us. If your Financial
Professional has this authority, we deem that all transactions that are
directed by your Financial Professional with respect to your Annuity have been
authorized by you. You must contact us immediately if and when you revoke such
authority. We will not be responsible for acting on instructions from your
Financial Professional until we receive notification of the revocation of such
person's authority. We may also suspend, cancel or limit these privileges at
any time. We will notify you if we do.
Please Note: Contracts managed by your Financial Professional also are
subject to the restrictions on transfers between investment options that are
discussed in the section entitled "ARE THERE RESTRICTIONS OR CHARGES ON
TRANSFERS BETWEEN INVESTMENT OPTIONS?" Since transfer activity under contracts
managed by an Financial Professional may result in unfavorable consequences to
all contract owners invested in the affected options we reserve the right to
limit the investment options available to a particular Owner whose contract is
managed by the advisor or impose other transfer restrictions we deem necessary.
Your Financial Professional will be informed of all such restrictions on an
ongoing basis. We may also require that your Financial Professional transmit
all financial transactions using the electronic trading functionality available
through our Internet website (www.prudential.com). Limitations that we may
impose on your Financial Professional under the terms of the administrative
agreement do not apply to financial transactions requested by an Owner on their
own behalf, except as otherwise described in this Prospectus.

PRUCO LIFE OF NEW JERSEY ANNUITIES PROSPECTUS

Access To Account Value
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WHAT TYPES OF DISTRIBUTIONS ARE AVAILABLE TO ME?
During the accumulation period you can access your Account Value through
partial withdrawals, Systematic Withdrawals, and where required for tax
purposes, Minimum Distributions. You can also surrender your Annuity at any
time. We may deduct a portion of the Account Value being withdrawn or
surrendered as a CDSC, if applicable. If you surrender your Annuity, in
addition to any CDSC, we may deduct the Annual Maintenance Fee, any Tax Charge
that applies and the charge for any optional benefits. Certain amounts may be
available to you each Annuity Year that are not subject to a CDSC. These are
called "Free Withdrawals." Unless you notify us differently, withdrawals are
taken pro-rata based on the Account Value in the investment options at the time
we receive your withdrawal request (i.e. "pro-rata" meaning that the percentage
of each investment option withdrawn is the same percentage that the investment
option bears to the total Account Value). Each of these types of distributions
is described more fully below.

ARE THERE TAX IMPLICATIONS FOR DISTRIBUTIONS?
(For more information, see "Tax Considerations.")

During the Accumulation Period
A distribution during the accumulation period is deemed to come first from any
"gain" in your Annuity and second as a return of your "tax basis", if any.
Distributions from your Annuity are generally subject to ordinary income
taxation on the amount of any investment gain unless the distribution qualifies
as a non-taxable exchange or transfer. If you take a distribution prior to the
taxpayer's age 59 1/2, you may be subject to a 10% penalty in addition to
ordinary income taxes on any gain. You may wish to consult a professional tax
advisor for advice before requesting a distribution.

During the Annuitization Period
During the annuitization period, a portion of each annuity payment is taxed as
ordinary income at the tax rate you are subject to at the time of the payment.
The Code and regulations have "exclusionary rules" that we use to determine
what portion of each annuity payment should be treated as a return of any tax
basis you have in your Annuity. Once the tax basis in your Annuity has been
distributed, the remaining annuity payments are taxable as ordinary income. The
tax basis in your Annuity may be based on the tax-basis from a prior contract
in the case of a 1035 exchange or other qualifying transfer.

CAN I WITHDRAW A PORTION OF MY ANNUITY?
Yes, you can make a withdrawal during the accumulation period.
o To meet liquidity needs, you can withdraw a limited amount from your
Annuity during each Annuity Year without application of any CDSC. We call
this the "Free Withdrawal" amount. The Free Withdrawal amount is not
available if you choose to surrender your Annuity. Amounts withdrawn as a
Free Withdrawal do not reduce the amount of CDSC that may apply upon a
subsequent withdrawal or surrender of your Annuity. The minimum Free
Withdrawal you may request is $100.
o You can also make withdrawals in excess of the Free Withdrawal amount. The
maximum amount that you may withdraw will depend on your Annuity's
Surrender Value as of the date we process the withdrawal request. After
any partial withdrawal, your Annuity must have a Surrender Value of at
least $1,000, or we may treat the partial withdrawal request as a request
to fully surrender your Annuity. The minimum partial withdrawal you may
request is $100.
When we determine if a CDSC applies to partial withdrawals and Systematic
Withdrawals, we will first determine what, if any, amounts qualify as a Free
Withdrawal. Those amounts are not subject to the CDSC. Partial withdrawals or
Systematic Withdrawals of amounts greater than the maximum Free Withdrawal
amount will be subject to any applicable CDSC.
You may request a withdrawal for an exact dollar amount after deduction of
any CDSC that applies (called a "net withdrawal") or request a gross withdrawal
from which we will deduct any CDSC that applies, resulting in less money being
payable to you than the amount you requested. If you request a net withdrawal,
the amount deducted from your Account Value to pay the CDSC may also be subject
to a CDSC.
Partial withdrawals may also be available following annuitization but only
if you choose certain annuity payment options.
To request the forms necessary to make a withdrawal from your Annuity,
call 1-888-PRU-2888 or visit our Internet Website at www.prudential.com.

HOW MUCH CAN I WITHDRAW AS A FREE WITHDRAWAL?
The maximum Free Withdrawal amount during each Annuity Year when a CDSC would
otherwise apply to a partial withdrawal or surrender of your Purchase Payments
is 10% of all Purchase Payments. Withdrawals of amounts greater than the
maximum Free Withdrawal amount are treated as a withdrawal of Purchase Payments
first and will be assessed a CDSC, if applicable, then any subsequent
withdrawals will be withdrawn from any gain in your

PRUCO LIFE OF NEW JERSEY ANNUITIES PROSPECTUS

Access To Account Value continued

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Annuity. If you do not make a Free Withdrawal during an Annuity Year, you are
not allowed to carry over the Free Withdrawal amount to the next Annuity Year.

CAN I MAKE PERIODIC WITHDRAWALS FROM MY ANNUITY DURING THE ACCUMULATION PERIOD?
Yes. We call these "Systematic Withdrawals." You can receive Systematic
Withdrawals of earnings only, or a flat dollar amount. Systematic Withdrawals
may be subject to a CDSC. We will determine whether a CDSC applies and the
amount in the same way as we would for a partial withdrawal.
Systematic Withdrawals can be made from Account Value allocated to the
Sub-accounts or the Fixed Rate Option. Generally, Systematic Withdrawals from
the Fixed Rate Option are limited to earnings accrued after the program of
Systematic Withdrawals begins, or payments of fixed dollar amounts that do not
exceed such earnings. Systematic Withdrawals are available on a monthly,
quarterly, semi-annual or annual basis. There is no minimum Surrender Value we
require to allow you to begin a program of Systematic Withdrawals.
The minimum amount for each Systematic Withdrawal is $100. If any
scheduled Systematic Withdrawal is for less than $100 (which may occur under a
program that provides payment of an amount equal to the earnings in your
Annuity for the period requested), we may postpone the withdrawal and add the
expected amount to the amount that is to be withdrawn on the next scheduled
Systematic Withdrawal.

DO YOU OFFER A PROGRAM FOR WITHDRAWALS UNDER SECTION 72(t) OF THE INTERNAL
REVENUE CODE?
Yes. If your Annuity is used as a funding vehicle for certain retirement plans
that receive special tax treatment under Sections 401, 403(b) or 408 of the
Code, Section 72(t) of the Code may provide an exception to the 10% penalty tax
on distributions made prior to age 59 1/2 if you elect to receive distributions
as a series of "substantially equal periodic payments". Distributions received
under this provision in any Annuity Year that exceed the maximum amount
available as a free withdrawal will be subject to any applicable CDSC. To
request a program that complies with Section 72(t), you must provide us with
certain required information in writing on a form acceptable to us. We may
require advance notice to allow us to calculate the amount of 72(t)
withdrawals. There is no minimum Surrender Value we require to allow you to
begin a program for withdrawals under Section 72(t). The minimum amount for any
such withdrawal is $100 and payments may be made monthly, quarterly,
semi-annually or annually.
You may also annuitize your contract and begin receiving payments for the
remainder of your life (or life expectancy) as a means of receiving income
payments before age 59 1/2 that are not subject to the 10% penalty.

WHAT ARE MINIMUM DISTRIBUTIONS AND WHEN WOULD I NEED TO MAKE THEM?
(See "Tax Considerations" for a further discussion of Minimum Distributions.)
Minimum Distributions are a type of Systematic Withdrawal we allow to meet
distribution requirements under Sections 401, 403(b) or 408 of the Code. Under
the Code, you may be required to begin receiving periodic amounts from your
Annuity. In such case, we will allow you to make Systematic Withdrawals in
amounts that satisfy the minimum distribution rules under the Code. We do not
assess a CDSC on Minimum Distributions from your Annuity if you are required by
law to take such Minimum Distributions from your Annuity at the time it is
taken. However, a CDSC (if applicable) may be assessed on that portion of a
Systematic Withdrawal that is taken to satisfy the minimum distribution
requirements in relation to other savings or investment plans under other
qualified retirement plans not maintained with Pruco Life of New Jersey.
The amount of the required Minimum Distribution for your particular
situation may depend on other annuities, savings or investments. We will only
calculate the amount of your required Minimum Distribution based on the value
of your Annuity. We require three (3) days advance written notice to calculate
and process the amount of your payments. You may elect to have Minimum
Distributions paid out monthly, quarterly, semi-annually or annually. The $100
minimum amount that applies to Systematic Withdrawals applies to monthly
minimum distributions but does not apply to minimum distributions taken out on
a quarterly, semi-annual or annual basis.
You may also annuitize your contract and begin receiving payments for the
remainder of your life (or life expectancy) as a means of receiving income
payments and satisfying the Minimum Distribution requirements under the Code.

CAN I SURRENDER MY ANNUITY FOR ITS VALUE?
Yes. During the accumulation period you can surrender your Annuity at any time.
Upon surrender, you will receive the Surrender Value. Upon surrender of your
Annuity, you will no longer have any rights under the surrendered Annuity.

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For purposes of calculating any applicable CDSC on surrender, the Purchase
Payments being withdrawn may be greater than your remaining Account Value or the
amount of your withdrawal request. This is most likely to occur if you have made
prior withdrawals under the Free Withdrawal provision or if your Account Value
has declined in value due to negative market performance.

Under certain annuity payment options, you may be allowed to surrender
your Annuity for its then current value.
To request the forms necessary to surrender your Annuity, call
1-888-PRU-2888 or visit our Internet Website at www.prudential.com.

WHAT TYPES OF ANNUITY OPTIONS ARE AVAILABLE?
We currently make annuity options available that provide fixed annuity
payments. Fixed options provide the same amount with each payment. We do not
guarantee to make any annuity payment options available in the future other
than those fixed annuitization options guaranteed in your Annuity. Please refer
to the "Guaranteed Minimum Income Benefit," the "Lifetime Five Income Benefit"
and the "Spousal Lifetime Five Income Benefit" under "Living Benefits" below
for a description of annuity options that are available when you elect these
benefits.
When you purchase an Annuity, or at a later date, you may choose an
Annuity Date, an annuity option and the frequency of annuity payments. You may
change your choices before the Annuity Date under the terms of your contract.
Your Annuity Date must be no later than the later of the Annuity anniversary
coinciding with or next following the Annuitant's 95th birthday or the tenth
Annuity anniversary. Certain annuity options may not be available depending on
the age of the Annuitant.
Certain of these annuity options may be available to Beneficiaries who
choose to receive the Death Benefit proceeds as a series of payments instead of
a lump sum payment.
Please note, you may not annuitize within the first Annuity Year.

Option 1
Annuity Payments For A Fixed Period
Under this option, we will make equal payments for the period chosen, up to 25
years (but not to exceed life expectancy). The annuity payments may be made
monthly, quarterly, semiannually, or annually, as you choose, for the fixed
period. If the annuitant dies during the income phase, payments will continue
to the beneficiary for the remainder of the fixed period or, if the beneficiary
so chooses, we will make a single lump-sum payment. The amount of the lump-sum
payment is determined by calculating the present value of the unpaid future
payments. This is done by using the interest rate used to compute the actual
payments. The interest rate will be at least 3% a year.

Option 2
Life Income Annuity Option
Under this option, we will make annuity payments monthly, quarterly,
semiannually, or annually as long as the annuitant is alive. If the annuitant
dies before we have made 10 years worth of payments, we will pay the
beneficiary in one lump sum the present value of the annuity payments scheduled
to have been made over the remaining portion of that 10 year period, unless we
were specifically instructed that such remaining annuity payments continue to
be paid to the beneficiary. The present value of the remaining annuity payments
is calculated by using the interest rate used to compute the amount of the
original 120 payments. The interest rate will be at least 3% a year.
If an annuity option is not selected by the Annuity Date, this is the
option we will automatically select for you, unless prohibited by applicable
law. If the life income annuity option is prohibited by applicable law, then we
will pay you a lump sum in lieu of this option.

Other Annuity Options
We currently offer a variety of other annuity options not described above. At
the time annuity payments are chosen, we may make available to you any of the
fixed annuity options that are offered at your Annuity Date.

HOW AND WHEN DO I CHOOSE THE ANNUITY PAYMENT OPTION?
You have a right to choose your annuity start date provided that it is no later
than the latest Annuity Date indicated above. If you have not provided us with
your Annuity Date or annuity payment option in writing, then your Annuity Date
will be the latest Annuity Date indicated above.

PRUCO LIFE OF NEW JERSEY ANNUITIES PROSPECTUS

Living Benefit Programs
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DO YOU OFFER PROGRAMS DESIGNED TO PROVIDE INVESTMENT PROTECTION FOR OWNERS
WHILE THEY ARE ALIVE?
Pruco Life of New Jersey offers different optional benefits, for an additional
charge, that can provide investment protection for Owners while they are alive.
Notwithstanding the additional protection provided under the optional Living
Benefit Programs, the additional cost has the impact of reducing net
performance of the investment options. Each optional benefit offers a distinct
type of guarantee, regardless of the performance of the Sub-accounts, that may
be appropriate for you depending on the manner in which you intend to make use
of your annuity while you are alive. Depending on which optional benefit you
choose, you can have substantial flexibility to invest in the Sub-accounts
while:
o protecting a principal amount from decreases in value due to investment
performance;
o taking withdrawals with a guarantee that you will be able to withdraw not
less than a principal amount over time;
o guaranteeing a minimum amount of growth will be applied to your principal,
if it is to be used as the basis for lifetime income payments; or
o providing spousal continuation of certain benefits.
The "living benefits" that Pruco Life of New Jersey offers are the
Guaranteed Minimum Income Benefit (GMIB), the Lifetime Five Income Benefit and
the Spousal Lifetime Five Income Benefit. Please refer to the benefit
description that follows for a complete description of the terms, conditions
and limitations of each optional benefit. You should consult with your
Financial Professional to determine if any of these optional benefits may be
appropriate for you based on your financial needs. There are many factors to
consider, but we note that among them you may want to evaluate the tax
implications of these different approaches to meeting your needs, both between
these benefits and in comparison to other potential solutions to your needs
(e.g., comparing the tax implications of the withdrawal benefit and annuity
payments).

GUARANTEED MINIMUM INCOME BENEFIT (GMIB)
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Currently, the program can only be elected by new purchasers on the Issue
Date of their Annuity. We may offer the program to existing Annuity Owners
in the future, subject to our eligibility rules and restrictions. The
Guaranteed Minimum Income Benefit program is not available if you elect any
other optional living benefit.
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We offer a program that, after a seven-year waiting period, guarantees
your ability to begin receiving income from your Annuity in the form of annuity
payments based on a guaranteed minimum value (called the "Protected Income
Value") that increases after the waiting period begins, regardless of the
impact of market performance on your Account Value. The program may be
appropriate for you if you anticipate using your Annuity as a future source of
periodic fixed income payments for the remainder of your life and wish to
ensure that the basis upon which your income payments will be calculated will
achieve at least a minimum amount despite fluctuations in market performance.
There is an additional charge if you elect the GMIB program.

KEY FEATURE -- Protected Income Value
The Protected Income Value is the minimum amount that we guarantee will be
available (net of any applicable tax charge), after a waiting period of at
least seven years, as a basis to begin receiving fixed annuity payments. The
Protected Income Value is initially established on the effective date of the
GMIB program and is equal to your Account Value on such date. Currently, since
the GMIB program may only be elected at issue, the effective date is the Issue
Date of your Annuity. The Protected Income Value is increased daily based on an
annual growth rate of 5%, subject to the limitations described below. The
Protected Income Value is referred to as the "Protected Value" in the rider we
issue for this benefit. The 5% annual growth rate is referred to as the
"Roll-Up Percentage" in the rider we issue for this benefit.

PRUCO LIFE OF NEW JERSEY ANNUITIES PROSPECTUS

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The Protected Income Value is subject to a limit of 200% (2X) of the sum of
the Protected Income Value established on the effective date of the GMIB
program, or the effective date of any step-up value, plus any additional
Purchase Payments (and any Purchase Credit that is applied to such Purchase
Payments in the case of the X Series) made after the waiting period begins
("Maximum Protected Income Value"), minus the sum of any reductions in the
Protected Income Value due to withdrawals you make from your Annuity after the
waiting period begins.
o Subject to the maximum age/durational limits described immediately below,
we will no longer increase the Protected Income Value by the 5% annual
growth rate once you reach the Maximum Protected Income Value. However, we
will increase the Protected Income Value by the amount of any additional
Purchase Payments after you reach the Maximum Protected Income Value.
Further, if you make withdrawals after you reach the Maximum Protected
Income Value, we will reduce the Protected Income Value and the Maximum
Protected Income Value by the proportional impact of the withdrawal on your
Account Value.
o Subject to the Maximum Protected Income Value, we will no longer increase
the Protected Income Value by the 5% annual growth rate after the later of
the anniversary date on or immediately following the Annuitant's 80th
birthday or the 7th anniversary of the later of the effective date of the
GMIB program or the effective date of the most recent step-up. However, we
will increase the Protected Income Value by the amount of any additional
Purchase Payments (and any Purchase Credit that is applied to such Purchase
Payments in the case of the X Series). Further, if you make withdrawals
after the Annuitant reaches the maximum age/ duration limits, we will
reduce the Protected Income Value and the Maximum Protected Income Value by
the proportional impact of the withdrawal on your Account Value.
o Subject to the Maximum Protected Income Value, if you make an additional
Purchase Payment, we will increase the Protected Income Value by the
amount of the Purchase Payment (and any Purchase Credit that is applied to
such Purchase Payment in the case of the X Series) and will apply the 5%
annual growth rate on the new amount from the date the Purchase Payment is
applied.
o As described below, after the waiting period begins, cumulative withdrawals
each Annuity Year that are up to 5% of the Protected Income Value on the
prior anniversary of your Annuity will reduce the Protected Income Value
by the amount of the withdrawal. Cumulative withdrawals each Annuity Year
in excess of 5% of the Protected Income Value on the prior anniversary of
your Annuity will reduce the Protected Income Value proportionately. All
withdrawals after the Maximum Protected Income Value is reached will
reduce the Protected Income Value proportionately. The 5% annual growth
rate will be applied to the reduced Protected Income Value from the date
of the withdrawal.
Stepping-Up the Protected Income Value -- You may elect to "step-up" or
"reset" your Protected Income Value if your Account Value is greater than the
current Protected Income Value. Upon exercise of the step-up provision, your
initial Protected Income Value will be reset equal to your current Account
Value. From the date that you elect to step-up the Protected Income Value, we
will apply the 5% annual growth rate to the stepped-up Protected Income Value,
as described above. You can exercise the step-up provision twice while the GMIB
program is in effect, and only while the Annuitant is less than age 76.

o A new seven-year waiting period will be established upon the effective date
of your election to step-up the Protected Income Value. You cannot
exercise your right to begin receiving annuity payments under the GMIB
program until the end of the new waiting period.
o The Maximum Protected Income Value will be reset as of the effective date
of any step-up. The new Maximum Protected Income Value will be equal to
200% of the sum of the Protected Income Value as of the effective date of
the step-up plus any subsequent Purchase Payments (and any Purchase Credit
that is applied to such Purchase Payments in the case of the X Series),
minus the impact of any withdrawals after the date of the step-up.
o When determining the guaranteed annuity purchase rates for annuity payments
under the GMIB program, we will apply such rates based on the number of
years since the most recent step-up.
o If you elect to step-up the Protected Income Value under the program, and
on the date you elect to step-up, the charges under the GMIB program have
changed for new purchasers, your program may be subject to the new charge
going forward.

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Living Benefit Programs continued

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o A step-up will increase the dollar for dollar limit on the anniversary of
the Issue Date of the Annuity following such step-up.
Impact of Withdrawals on the Protected Income Value -- Cumulative
withdrawals each Annuity Year up to 5% of the Protected Income Value will
reduce the Protected Income Value on a "dollar-for-dollar" basis (the Protected
Income Value is reduced by the actual amount of the withdrawal). Cumulative
withdrawals in any Annuity Year in excess of 5% of the Protected Income Value
will reduce the Protected Income Value proportionately (see the examples of
this calculation below). The 5% annual withdrawal amount is determined on each
anniversary of the Issue Date (or on the Issue Date for the first Annuity Year)
and applies to any withdrawals during the Annuity Year. This means that the
amount available for withdrawals each Annuity Year on a "dollar-for-dollar"
basis is adjusted on each Annuity anniversary to reflect changes in the
Protected Income Value during the prior Annuity Year.
The following examples of dollar-for-dollar and proportional reductions
assume that: 1.) the Issue Date and the effective date of the GMIB program are
October 13, 2005; 2.) an initial Purchase Payment of $250,000 (includes any
Purchase Credit in the case of the X Series); 3.) an initial Protected Income
Value of $250,000; and 4.) a dollar-for-dollar limit of $12,500 (5% of
$250,000):

Example 1. Dollar-for-dollar reduction
A $10,000 withdrawal is taken on November 13, 2005 (in the first Annuity Year).
No prior withdrawals have been taken. Immediately prior to the withdrawal, the
Protected Income Value is $251,038.10 (the initial value accumulated for 31
days at an annual effective rate of 5%). As the amount withdrawn is less than
the dollar-for-dollar limit:
o the Protected Income Value is reduced by the amount withdrawn (i.e., by
$10,000, from $251,038.10 to $241,038.10).
o The remaining dollar-for-dollar limit ("Remaining Limit") for the balance
of the first Annuity Year is also reduced by the amount withdrawn (from
$12,500 to $2,500).

Example 2. Dollar-for-dollar and proportional reductions
A second $10,000 withdrawal is taken on December 13, 2005 (still within the
first Annuity Year). Immediately before the withdrawal, the Account Value is
$220,000 and the Protected Income Value is $242,006.64. As the amount withdrawn
exceeds the Remaining Limit of $2,500 from Example 1:
o the Protected Income Value is first reduced by the Remaining Limit (from
$242,006.64 to $239,506.64);
o The result is then further reduced by the ratio of A to B, where:
o A is the amount withdrawn less the Remaining Limit ($10,000 - $2,500,
or $7,500).
o B is the Account Value less the Remaining Limit ($220,000 - $2,500, or
$217,500).
The resulting Protected Income Value is: $239,506.64 x (1 - $7,500 /
$217,500), or $231,247.79.
o The Remaining Limit is set to zero (0) for the balance of the first Annuity
Year.

Example 3. Reset of the Dollar-for-dollar Limit
A $10,000 withdrawal is made on the first anniversary of the Issue Date,
October 13, 2006 (second Annuity Year). Prior to the withdrawal, the Protected
Income Value is $240,838.37. The Remaining Limit is reset to 5% of this amount,
or $12,041.92. As the amount withdrawn is less than the dollar-for-dollar
limit:
o the Protected Income Value is reduced by the amount withdrawn (i.e.,
reduced by $10,000, from $240,838.37 to $230,838.37).
o The Remaining Limit for the balance of the second Annuity Year is also
reduced by the amount withdrawn (from $12,041.92 to $2,041.92).

KEY FEATURE -- GMIB Annuity Payments
You can elect to apply the Protected Income Value to one of the available GMIB
Annuity Payment Options on any anniversary date following the initial waiting
period, or any subsequent waiting period established upon your election to
step-up the Protected Income Value. Once you have completed the waiting period,
you will have a 30-day period each year, after the Annuity anniversary, during
which you may elect to begin receiving annuity payments under one of the
available GMIB Annuity Payment Options. You must elect one of the GMIB Annuity
Payment Options by the anniversary of the Annuity's Issue Date on or
immediately following the Annuitant's 95th birthday, except for Annuities used
as a funding vehicle for an IRA, SEP IRA or 403(b), in which case you must
elect one of the GMIB Annuity Payment Options by the anniversary of the
Annuity's Issue Date on or immediately following the Annuitant's 92nd birthday.
The amount of each GMIB Annuity Payment will be determined based on the
age and, where permitted by law, sex of the Annuitant by applying the Protected
Income Value (net of

PRUCO LIFE OF NEW JERSEY ANNUITIES PROSPECTUS

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any applicable tax charge that may be due) to the GMIB Annuity Payment Option
you choose. We use special annuity purchase rates to calculate the amount of
each payment due under the GMIB Annuity Payment Options. These special rates for
the GMIB Annuity Payment Options are calculated using an assumed interest rate
factor that provides for lower growth in the value applied to produce annuity
payments than if you elected an annuity payment option that is not part of the
GMIB program. These special rates also are calculated using other factors such
as "age setbacks" (use of an age lower than the Annuitant's actual age) that
result in lower payments than would result if you elected an annuity payment
option that is not part of the GMIB program. Use of an age setback entails a
longer assumed life for the Annuitant which in turn results in lower annuity
payments.
On the date that you elect to begin receiving GMIB Annuity Payments, we
guarantee that your payments will be calculated based on your Account Value and
our then current annuity purchase rates if the payment amount calculated on
this basis would be higher than it would be based on the Protected Income Value
and the special GMIB annuity purchase rates.

GMIB Annuity Payment Option 1 -- Payments for Life with a Certain Period
Under this option, monthly annuity payments will be made until the death of the
Annuitant. If the Annuitant dies before having received 120 monthly annuity
payments, the remainder of the 120 monthly annuity payments will be made to the
Beneficiary.

GMIB Annuity Payment Option 2 -- Payments for Joint Lives with a Certain Period
Under this option, monthly annuity payments will be made until the death of
both the Annuitant and the Joint Annuitant. If the Annuitant and the Joint
Annuitant die before having received 120 monthly annuity payments, the
remainder of the 120 monthly annuity payments will be made to the Beneficiary.
o If the Annuitant dies first, we will continue to make payments until the
later of the death of the Joint Annuitant and the end of the period
certain. However, if the Joint Annuitant is still receiving annuity
payments following the end of the certain period, we will reduce the
amount of each subsequent payment to 50% of the original payment amount.
o If the Joint Annuitant dies first, we will continue to make payments until
the later of the death of the Annuitant and the end of the period certain.
You cannot withdraw your Account Value or the Protected Income Value under
either GMIB Annuity Payment Option once annuity payments have begun. We may
make other payout frequencies available, such as quarterly, semi-annually or
annually.

Other Important Considerations
o You should note that GMIB is designed to provide a type of insurance that
serves as a safety net only in the event your Account Value declines
significantly due to negative investment performance. If your contract
value is not significantly affected by negative investment performance, it
is unlikely that the purchase of the GMIB will result in your receiving
larger annuity payments than if you had not purchased GMIB. This is
because the assumptions that we use in computing the GMIB, such as the
annuity purchase rates, (which include assumptions as to age-setbacks and
assumed interest rates), are more conservative than the assumptions that
we use in computing annuity payout options outside of GMIB. Therefore, you
may generate higher income payments if you were to annuitize a lower
Account Value at the current annuity purchase rates, than if you were to
annuitize under the GMIB with a higher Protected Value than your Account
Value but, at the annuity purchase rates guaranteed under the GMIB. The
GMIB program does not directly affect an Annuity's Account Value,
Surrender Value or the amount payable under either the basic Death Benefit
provision of the Annuity or any optional Death Benefit provision. If you
surrender your Annuity, you will receive the current Surrender Value, not
the Protected Income Value. The Protected Income Value is only applicable
if you elect to begin receiving annuity payments under one of the GMIB
annuity options after the waiting period.
o Each Annuity offers other annuity payment options that you can elect which
do not impose an additional charge, but which do not offer to guarantee a
minimum value on which to make annuity payments.
o Where allowed by law, we reserve the right to limit subsequent Purchase
Payments if we determine, at our sole discretion, that based on the timing
of your Purchase Payments and withdrawals, your Protected Income Value is
increasing in ways we did not intend. In determining whether to limit
Purchase Payments, we will look at Purchase Payments which are
disproportionately larger than

PRUCO LIFE OF NEW JERSEY ANNUITIES PROSPECTUS

Living Benefit Programs continued

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your initial Purchase Payment and other actions that may artificially
increase the Protected Income Value.
o We currently limit the Sub-accounts in which you may allocate Account Value
if you participate in this program. We reserve the right to transfer any
Account Value in a prohibited investment option to an eligible investment
option. Should we prohibit access to any investment option, any transfers
required to move Account Value to eligible investment options will not be
counted in determining the number of free transfers during an Annuity
Year.
o If you change the Annuitant after the effective date of the GMIB program,
the period of time during which we will apply the 5% annual growth rate
may be changed based on the age of the new Annuitant. If the new Annuitant
would not be eligible to elect the GMIB program based on his or her age at
the time of the change, then the GMIB program will terminate.
o Annuity payments made under the GMIB program are subject to the same tax
treatment as any other annuity payment.
o At the time you elect to begin receiving annuity payments under the GMIB
program or under any other annuity payment option we make available, the
protection provided by an Annuity's basic Death Benefit or any optional
Death Benefit provision you elected will no longer apply.

Election of the Program
Currently, the GMIB program can only be elected at the time that you purchase
your Annuity. The Annuitant must be age 75 or less as of the effective date of
the GMIB program. In the future, we may offer existing Annuity Owners the
option to elect the GMIB program after the Issue Date of their Annuity, subject
to our eligibility rules and restrictions. If you elect the GMIB program after
the Issue Date of your Annuity, the program will be effective as of the date of
election. Your Account Value as of that date will be used to calculate the
Protected Income Value as of the effective date of the program.

Termination of the Program
The GMIB program cannot be terminated by the Owner once elected. The GMIB
program automatically terminates as of the date your Annuity is fully
surrendered, on the date the Death Benefit is payable to your Beneficiary
(unless your surviving spouse elects to continue your Annuity), or on the date
that your Account Value is transferred to begin making annuity payments. The
GMIB program may also be terminated if you designate a new Annuitant who would
not be eligible to elect the GMIB program based on his or her age at the time
of the change.
Upon termination of the GMIB program we will deduct the charge from your
Account Value for the portion of the Annuity Year since the prior anniversary
of the Annuity's Issue Date (or the Issue Date if in the first Annuity Year).

Charges under the Program
Currently, we deduct a charge equal to 0.50% per year of the average Protected
Income Value for the period the charge applies. Because the charge is
calculated based on the average Protected Income Value, it does not increase or
decrease based on changes to the Annuity's Account Value due to market
performance. The dollar amount you pay each year will increase in any year the
Protected Income Value increases, and it will decrease in any year the
Protected Income Value decreases due to withdrawal, irrespective of whether
your Account Value increases or decreases.
The charge is deducted annually in arrears each Annuity Year on the
anniversary of the Issue Date of an Annuity. We deduct the amount of the charge
pro-rata from the Account Value allocated to the Sub-accounts and the Fixed
Rate Options. If you surrender your Annuity, begin receiving annuity payments
under the GMIB program or any other annuity payment option we make available
during an Annuity Year, or the GMIB program terminates, we will deduct the
charge for the portion of the Annuity Year since the prior anniversary of the
Annuity's Issue Date (or the Issue Date if in the first Annuity Year).
No charge applies after the Annuity Date.

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LIFETIME FIVE INCOME BENEFIT (LIFETIME FIVE)
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Lifetime Five can be elected only where the Annuitant and the Owner are the
same person or, if the Annuity Owner is an entity, where there is only one
Annuitant. Currently, if you elect Lifetime Five and subsequently terminate
the benefit, there will be a restriction on your ability to re-elect
Lifetime Five and Spousal Lifetime Five (see "Election of the Program" below
for details). The Annuitant must be at least 45 years old when the program
is elected. The Lifetime Five Income Benefit program is not available if you
elect any other optional living benefit. As long as your Lifetime Five
Income Benefit is in effect, you must allocate your Account Value in
accordance with the then permitted and available option(s) with this
program.
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We offer a program that guarantees your ability to withdraw amounts equal
to a percentage of an initial principal value (called the "Protected Withdrawal
Value"), regardless of the impact of market performance on your Account Value,
subject to our program rules regarding the timing and amount of withdrawals.
There are two options -- one is designed to provide an annual withdrawal amount
for life (the "Life Income Benefit") and the other is designed to provide a
greater annual withdrawal amount as long as there is Protected Withdrawal Value
(adjusted as described below) (the "Withdrawal Benefit"). If there is no
Protected Withdrawal Value, the withdrawal benefit will be zero. You do not
choose between these two options; each option will continue to be available as
long as your Annuity has an Account Value and the Lifetime Five is in effect.
Certain benefits under Lifetime Five may remain in effect even if the Account
Value of your Annuity is zero. The program may be appropriate if you intend to
make periodic withdrawals from your Annuity and wish to ensure that market
performance will not affect your ability to receive annual payments. You are
not required to make withdrawals as part of the program -- the guarantees are
not lost if you withdraw less than the maximum allowable amount each year under
the rules of the program.

KEY FEATURE -- Protected Withdrawal Value
The Protected Withdrawal Value is initially used to determine the amount of
each initial annual payment under the Life Income Benefit and the Withdrawal
Benefit. The initial Protected Withdrawal Value is determined as of the date
you make your first withdrawal under your Annuity following your election of
Lifetime Five. The initial Protected Withdrawal Value is equal to the greater
of (A) the Account Value on the date you elect Lifetime Five, plus any
additional Purchase Payments (and associated Purchase Credits with respect to
the X Series) growing at 5% per year from the date of your election of the
program, or application of the Purchase Payment to your Annuity, as applicable,
until the date of your first withdrawal or the 10th anniversary of the benefit
effective date, if earlier (B) the Account Value as of the date of the first
withdrawal from your Annuity, prior to the withdrawal, and (C) the highest
Account Value on each Annuity anniversary prior to the first withdrawal or on
the first 10 Annuity anniversaries if earlier than the date of your first
withdrawal after the benefit effective date. With respect to (B) and (C) above,
each value is increased by the amount of any subsequent Purchase Payments (and
associated Purchase Credits with respect to the X Series).
o If you elect the Lifetime Five program at the time you purchase your
Annuity, the Account Value will be your initial Purchase Payment (and any
Purchase Credit we apply to such Purchase Payment under the X Series).
o For existing Owners who are electing the Lifetime Five benefit, the Account
Value on the date of your election of the Lifetime Five program will be
used to determine the initial Protected Withdrawal Value.
o If you make additional Purchase Payments after your first withdrawal, the
Protected Withdrawal Value will be increased by the amount of each
additional Purchase Payment (and any Purchase Credit we apply to such
Purchase Payments under the X Series).
You may elect to step-up your Protected Withdrawal Value if, due to
positive market performance, your Account Value is greater than the Protected
Withdrawal Value. You are eligible to step-up the Protected Withdrawal Value on
or after the 3rd anniversary of the first withdrawal under the Lifetime Five
program. The Protected Withdrawal Value can be stepped up again on or after the
3rd anniversary following the preceding step-up. If you elect to step-up the
Protected Withdrawal Value under the program, and on the date you elect to
step-up, the charges under the Lifetime Five program have changed for new
purchasers, your program may be subject to the new charge going forward.
Upon election of the step-up, we increase the Protected Withdrawal Value
to be equal to the then current Account Value. For example, assume your initial
Protected Withdrawal

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Living Benefit Programs continued

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Value was $100,000 and you have made cumulative withdrawals of $40,000,
reducing the Protected Withdrawal Value to $60,000. On the date you are eligible
to step-up the Protected Withdrawal Value, your Account Value is equal to
$75,000. You could elect to step-up the Protected Withdrawal Value to $75,000 on
the date you are eligible. If your current Annual Income Amount and Annual
Withdrawal Amount are less than they would be if we did not reflect the step-up
in Protected Withdrawal Value, then we will increase these amounts to reflect
the step-up as described below.
We also offer an "auto step-up" feature at no additional cost. You may
elect this feature either at the time you elect Lifetime Five or after you have
elected Lifetime Five. If, on the date that we implement an auto step-up to
your Protected Withdrawal Value, the charges under the Lifetime Five program
have changed for new purchasers, your program may be subject to the new charge
going forward. We implement an auto step-up only at specific times and if
Account Value has attained or exceeded a certain amount. Specifically, if you
have never implemented a step-up, then an auto step-up can occur on the Annuity
anniversary next following the 3rd anniversary of the first withdrawal under
the Lifetime Five program, and can occur each Annuity anniversary thereafter.
If you have implemented a step-up (whether initiated directly by you or
effected under the auto step-up program), then an auto step-up can occur on the
Annuity anniversary next following the 3rd anniversary of the prior step-up,
and can occur each Annuity anniversary thereafter. We will effect an auto
step-up only if, on the Annuity anniversary that the auto step-up is scheduled
to occur, 5% of the Account Value exceeds 105% times the Annual Income Amount.
Because the formula that determines when an auto step-up is effected differs
from that which allows you to initiate a step-up on your own, scenarios may
arise in which you may be allowed to initiate a step-up even though no auto
step-up would occur. In that event, you may initiate a step-up according to the
rules described above. If you do, and you also are participating in our auto
step-up program, then the earliest that the next auto step-up could occur would
be the Annuity anniversary next following 3 years from the date of the prior
step-up. You are free to terminate the auto step-up program at any time.
The Protected Withdrawal Value is reduced each time a withdrawal is made
on a dollar-for-dollar basis up to 7% per Annuity Year of the Protected
Withdrawal Value and on the greater of a dollar-for-dollar basis or a
proportional basis (see examples below) for withdrawals in an Annuity Year in
excess of that amount until the Protected Withdrawal Value is reduced to zero.
At that point the Annual Withdrawal Amount will be zero until such time (if
any) as the Annuity reflects a Protected Withdrawal Value (for example, due to
a step-up or additional Purchase Payments being made into the Annuity).

KEY FEATURE -- Annual Income Amount under the Life Income Benefit
The initial Annual Income Amount is equal to 5% of the initial Protected
Withdrawal Value. Under the Lifetime Five program, if your cumulative
withdrawals in an Annuity Year are less than or equal to the Annual Income
Amount, they will not reduce your Annual Income Amount in subsequent Annuity
Years. If your cumulative withdrawals are in excess of the Annual Income Amount
("Excess Income"), your Annual Income Amount in subsequent years will be
reduced (except with regard to required minimum distributions) by the result of
the ratio of the Excess Income to the Account Value immediately prior to such
withdrawal (see examples of this calculation below). Reductions include the
actual amount of the withdrawal, including any CDSC that may apply. A
withdrawal can be considered Excess Income under the Life Income Benefit even
though it does not exceed the Annual Withdrawal Amount under the Withdrawal
Benefit. When you elect a step-up (or an auto step-up is effected), your Annual
Income Amount increases to equal 5% of your Account Value after the step-up if
such amount is greater than your Annual Income Amount. Your Annual Income
Amount also increases if you make additional Purchase Payments. The amount of
the increase is equal to 5% of any additional Purchase Payments (and associated
Purchase Credits in the case of the X Series). Any increase will be added to
your Annual Income Amount beginning on the day that the step-up is effective or
the Purchase Payment is made. A determination of whether you have exceeded your
Annual Income Amount is made at the time of each withdrawal; therefore a
subsequent increase in the Annual Income Amount will not offset the effect of a
withdrawal that exceeded the Annual Income Amount at the time the withdrawal
was made.

KEY FEATURE -- Annual Withdrawal Amount under the Withdrawal Benefit
The initial Annual Withdrawal Amount is equal to 7% of the initial Protected
Withdrawal Value. Under the Lifetime Five program, if your cumulative
withdrawals each Annuity Year are less than or equal to the Annual Withdrawal
Amount, your

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Protected Withdrawal Value will be reduced on a dollar-for-- dollar basis. If
your cumulative withdrawals are in excess of the Annual Withdrawal Amount
("Excess Withdrawal"), your Annual Withdrawal Amount will be reduced (except
with regard to required minimum distributions) by the result of the ratio of the
Excess Withdrawal to the Account Value immediately prior to such withdrawal (see
the examples of this calculation below). Reductions include the actual amount of
the withdrawal, including any CDSC that may apply. When you elect a step-up (or
an auto step-up is effected), your Annual Withdrawal Amount increases to equal
7% of your Account Value after the step-up if such amount is greater than your
Annual Withdrawal Amount. Your Annual Withdrawal Amount also increases if you
make additional Purchase Payments. The amount of the increase is equal to 7% of
any additional Purchase Payments (and associated Purchase Credits in the case of
the X Series). A determination of whether you have exceeded your Annual
Withdrawal Amount is made at the time of each withdrawal; therefore, a
subsequent increase in the Annual Withdrawal Amount will not offset the effect
of a withdrawal that exceeded the Annual Withdrawal Amount at the time the
withdrawal was made.
The Lifetime Five program does not affect your ability to make withdrawals
under your Annuity or limit your ability to request withdrawals that exceed the
Annual Income Amount and the Annual Withdrawal Amount. You are not required to
withdraw all or any portion of the Annual Withdrawal Amount or Annual Income
Amount in each Annuity Year.
o If, cumulatively, you withdraw an amount less than the Annual Withdrawal
Amount under the Withdrawal Benefit in any Annuity Year, you cannot
carry-over the unused portion of the Annual Withdrawal Amount to
subsequent Annuity Years. However, because the Protected Withdrawal Value
is only reduced by the actual amount of withdrawals you make under these
circumstances, any unused Annual Withdrawal Amount may extend the period
of time until the remaining Protected Withdrawal Value is reduced to zero.
o If, cumulatively, you withdraw an amount less than the Annual Income Amount
under the Life Income Benefit in any Annuity Year, you cannot carry-over
the unused portion of the Annual Income Amount to subsequent Annuity
Years. However, because the Protected Withdrawal Value is only reduced by
the actual amount of withdrawals you make under these circumstances, any
unused Annual Income Amount may extend the period of time until the
remaining Protected Withdrawal Value is reduced to zero.
The following examples of dollar-for-dollar and proportional reductions
and the step-up of the Protected Withdrawal Value, Annual Withdrawal Amount and
Annual Income Amount assume: 1.) the Issue Date and the Effective Date of the
Lifetime Five program are February 1, 2005; 2.) an initial Purchase Payment of
$250,000 (includes Purchase Credits in the case of the X Series); 3.) the
Account Value on February 1, 2006 is equal to $265,000; 4.) the first
withdrawal occurs on March 1, 2006 when the Account Value is equal to $263,000;
and 5.) the Account Value on March 1, 2009 is equal to $240,000.
The initial Protected Withdrawal Value is calculated as the greatest of
(a), (b) and (c):
(a) Purchase payment accumulated at 5% per year from February 1, 2005
(393/365)
until March 1, 2006 (393 days) = $250,000 x 1.05 =
$263,484.33
(b) Account Value on March 1, 2006 (the date of the first withdrawal) =
$263,000
(c) Account Value on February 1, 2006 (the first Annuity Anniversary) =
$265,000
Therefore, the initial Protected Withdrawal Value is equal to $265,000.
The Annual Withdrawal Amount is equal to $18,550 under the Withdrawal Benefit
(7% of $265,000). The Annual Income Amount is equal to $13,250 under the Life
Income Benefit (5% of $265,000).

Example 1. Dollar-for-dollar reduction
If $10,000 was withdrawn (less than both the Annual Income Amount and the
Annual Withdrawal Amount) on March 1, 2006, then the following values would
result:
o Remaining Annual Withdrawal Amount for current Annuity Year = $18,550 -
$10,000 = $8,550
Annual Withdrawal Amount for future Annuity Years remains at $18,550
o Remaining Annual Income Amount for current Annuity Year = $13,250 - $10,000
= $3,250
Annual Income Amount for future Annuity Years remains at $13,250
o Protected Withdrawal Value is reduced by $10,000 from $265,000 to $255,000

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Living Benefit Programs continued

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Example 2. Dollar-for-dollar and proportional reductions
(a) If $15,000 was withdrawn (more than the Annual Income Amount but less
than the Annual Withdrawal Amount) on March 1, 2006, then the
following values would result:
o Remaining Annual Withdrawal Amount for current Annuity Year = $18,550 -
$15,000 = $3,550
Annual Withdrawal Amount for future Annuity Years remains at $18,550
o Remaining Annual Income Amount for current Annuity Year = $0
Excess of withdrawal over the Annual Income Amount ($15,000 - $13,250 =
$1,750) reduces Annual Income Amount for future Annuity Years.
o Reduction to Annual Income Amount = Excess Income/Account Value before
Excess Income x Annual Income Amount = $1,750 / ($263,000 - $13,250) x
$13,250 = $93
Annual Income Amount for future Annuity Years = $13,250 - $93 = $13,157
o Protected Withdrawal Value is reduced by $15,000 from $265,000 to $250,000
(b) If $25,000 was withdrawn (more than both the Annual Income Amount and
the Annual Withdrawal Amount) on March 1, 2006, then the following
values would result:
o Remaining Annual Withdrawal Amount for current Annuity Year = $0
Excess of withdrawal over the Annual Withdrawal Amount ($25,000 - $18,550
= $6,450) reduces Annual Withdrawal Amount for future Annuity Years.
o Reduction to Annual Withdrawal Amount = Excess Withdrawal/Account Value
before Excess Withdrawal x Annual Withdrawal Amount = $6,450 / ($263,000 -
$18,550) x $18,550 = $489
Annual Withdrawal Amount for future Annuity Years = $18,550 - $489 =
$18,061
o Remaining Annual Income Amount for current Annuity Year = $0
Excess of withdrawal over the Annual Income Amount ($25,000 - $13,250 =
$11,750) reduces Annual Income Amount for future Annuity Years.
o Reduction to Annual Income Amount = Excess Income/Account Value before
Excess Income x Annual Income Amount = $11,750 / ($263,000 - $13,250) x
$13,250 = $623
Annual Income Amount for future Annuity Years = $13,250 - $623 = $12,627
o Protected Withdrawal Value is first reduced by the Annual Withdrawal Amount
($18,550) from $265,000 to $246,450. It is further reduced by the greater
of a dollar-for-dollar reduction or a proportional reduction.
Dollar-for-dollar reduction = $25,000 - $18,550 = $6,450
o Proportional reduction = Excess Withdrawal / Account Value before Excess
Withdrawal x Protected Withdrawal Value = $6,450 / ($263,000 - $18,550) x
$246,450 = $6,503
Protected Withdrawal Value = $246,450 - max {$6,450, $6,503} = $239,947

Example 3. Step-up of the Protected
Withdrawal Value
If the Annual Income Amount ($13,250) is withdrawn each year starting on March
1, 2006 for a period of 3 years, the Protected Withdrawal Value on March 1,
2009 would be reduced to $225,250 {$265,000 - ($13,250 x 3)}. If a step-up is
elected on March 1, 2009, then the following values would result:
o Protected Withdrawal Value = Account Value on March 1, 2009 = $240,000
o Annual Income Amount is equal to the greater of the current Annual Income
Amount or 5% of the stepped up Protected Withdrawal Value. Current Annual
Income Amount is $13,250. 5% of the stepped up Protected Withdrawal Value
is 5% of $240,000, which is $12,000. Therefore, the Annual Income Amount
remains $13,250.
o Annual Withdrawal Amount is equal to the greater of the current Annual
Withdrawal Amount or 7% of the stepped up Protected Withdrawal Value.
Current Annual Withdrawal Amount is $18,550. 7% of the stepped-up
Protected Withdrawal Value is 7% of $240,000, which is $16,800. Therefore
the Annual Withdrawal Amount remains $18,550.

BENEFITS UNDER THE LIFETIME FIVE PROGRAM
o If your Account Value is equal to zero, and the cumulative withdrawals in
the current Annuity Year are greater than the Annual Withdrawal Amount,
the Lifetime Five program will terminate. To the extent that your Account
Value was reduced to zero as a result of cumulative withdrawals that are
equal to or less than the Annual Income Amount and amounts are still
payable under both the Life Income Benefit and the Withdrawal Benefit, you
will be given the choice of receiving the payments under the Life Income
Benefit or under the Withdrawal Benefit. Once you make this election we
will make an

PRUCO LIFE OF NEW JERSEY ANNUITIES PROSPECTUS

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additional payment for that Annuity Year equal to either the remaining
Annual Income Amount or Annual Withdrawal Amount for the Annuity Year, if
any, depending on the option you choose. In subsequent Annuity Years we
make payments that equal either the Annual Income Amount or the Annual
Withdrawal Amount as described in this Prospectus. You will not be able to
change the option after your election and no further Purchase Payments will
be accepted under your Annuity. If you do not make an election, we will pay
you annually under the Life Income Benefit. To the extent that cumulative
withdrawals in the current Annuity Year that reduced your Account Value to
zero are more than the Annual Income Amount but less than or equal to the
Annual Withdrawal Amount and amounts are still payable under the Withdrawal
Benefit, you will receive the payments under the Withdrawal Benefit. In the
year of a withdrawal that reduced your Account Value to zero, we will make
an additional payment to equal any remaining Annual Withdrawal Amount and
make payments equal to the Annual Withdrawal Amount in each subsequent year
(until the Protected Withdrawal Value is depleted). Once your Account Value
equals zero no further Purchase Payments will be accepted under your
Annuity.
o If annuity payments are to begin under the terms of your Annuity or if you
decide to begin receiving annuity payments and there is any Annual Income
Amount due in subsequent Annuity Years or any remaining Protected
Withdrawal Value, you can elect one of the following three options:
(1) apply your Account Value to any annuity option available; or
(2) request that, as of the date annuity payments are to begin, we make
annuity payments each year equal to the Annual Income Amount. We make
such annuity payments until the Annuitant's death; or
(3) request that, as of the date annuity payments are to begin, we pay
out any remaining Protected Withdrawal Value as annuity payments.
Each year such annuity payments will equal the Annual Withdrawal
Amount or the remaining Protected Withdrawal Value if less. We make
such annuity payments until the earlier of the Annuitant's death or
the date the Protected Withdrawal Value is depleted.
We must receive your request in a form acceptable to us at our office.
o In the absence of an election when mandatory annuity payments are to begin,
we will make annual annuity payments as a single life fixed annuity with
five payments certain using the greater of the annuity rates then
currently available or the annuity rates guaranteed in your Annuity. The
amount that will be applied to provide such annuity payments will be the
greater of:
(1) the present value of future Annual Income Amount payments. Such
present value will be calculated using the greater of the single life
fixed annuity rates then currently available or the single life fixed
annuity rates guaranteed in your Annuity; and
(2) the Account Value.
o If no withdrawal was ever taken, we will determine a Protected Withdrawal
Value and calculate an Annual Income Amount and an Annual Withdrawal
Amount as if you made your first withdrawal on the date the annuity
payments are to begin.

Other Important Considerations
o Withdrawals under the Lifetime Five program are subject to all of the terms
and conditions of your Annuity, including any applicable CDSC.
o Withdrawals made while the Lifetime Five program is in effect will be
treated, for tax purposes, in the same way as any other withdrawals under
your Annuity. The Lifetime Five program does not directly affect your
Annuity's Account Value or Surrender Value, but any withdrawal will
decrease the Account Value by the amount of the withdrawal (plus any
applicable CDSC). If you surrender your Annuity, you will receive the
current Surrender Value, not the Protected Withdrawal Value.
o You can make withdrawals from your Annuity while your Account Value is
greater than zero without purchasing the Lifetime Five program. The
Lifetime Five program provides a guarantee that if your Account Value
declines due to market performance, you will be able to receive your
Protected Withdrawal Value or Annual Income Amount in the form of periodic
benefit payments.

PRUCO LIFE OF NEW JERSEY ANNUITIES PROSPECTUS

Living Benefit Programs continued

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o You must allocate your Account Value in accordance with the then permitted
and available option(s) with this program in order to elect and maintain
the Lifetime Five program.

Election of the Program
The Lifetime Five program can be elected at the time that you purchase your
Annuity. We also offer existing Owners the option to elect the Lifetime Five
program after the Issue Date of their Annuity, subject to our eligibility rules
and restrictions. Your Account Value as the date of election will be used as a
basis to calculate the initial Protected Withdrawal Value, the initial
Protected Annual Withdrawal Amount, and the Annual Income Amount.
Currently, if you terminate the program, you will only be permitted to
re-elect the program or elect the Spousal Lifetime Five Income Benefit on any
anniversary of the Issue Date that is at least 90 calendar days from the date
the benefit was last terminated.
We reserve the right to further limit the election/re-election frequency
in the future. Before making any such change to the election/re-election
frequency, we will provide prior notice to Owners who have an effective
Lifetime Five Income Benefit.

Termination of the Program
The program terminates automatically when your Protected Withdrawal Value and
Annual Income Amount equals zero. You may terminate the program at any time by
notifying us. If you terminate the program, any guarantee provided by the
benefit will terminate as of the date the termination is effective and certain
restrictions on re-election of the benefit will apply as described above. The
program terminates upon your surrender of your Annuity, upon the death of the
Annuitant (but your surviving spouse may elect a new Lifetime Five if your
spouse elects the spousal continuance option and your spouse would then be
eligible to elect the benefit if he or she was a new purchaser), upon a change
in ownership of your Annuity that changes the tax identification number of the
Owner, upon change in the Annuitant or upon your election to begin receiving
annuity payments. While you may terminate your program at any time, we may not
terminate the program other than in the circumstances listed above. However, we
may stop offering the program for new elections or re-elections at any time in
the future.
The charge for the Lifetime Five program will no longer be deducted from
your Account Value upon termination of the program.

Additional Tax Considerations for Qualified Contracts
If you purchase an Annuity as an investment vehicle for "qualified"
investments, including an IRA, SEP-IRA, or Tax Sheltered Annuity (or 403(b)),
the minimum distribution rules under the Code require that you begin receiving
periodic amounts from your Annuity beginning after age 70 1/2. For a Tax
Sheltered Annuity, this required beginning date can be deferred to after
retirement, if later. Roth IRAs are not subject to these rules during the
Owner's lifetime. The amount required under the Code may exceed the Annual
Withdrawal Amount and the Annual Income Amount, which will cause us to increase
the Annual Income Amount and the Annual Withdrawal Amount in any Annuity Year
that required minimum distributions due from your Annuity are greater than such
amounts. Any such payments will reduce your Protected Withdrawal Value. In
addition, the amount and duration of payments under the annuity payment and
Death Benefit provisions may be adjusted so that the payments do not trigger
any penalty or excise taxes due to tax considerations such as minimum
distribution requirements.
Charges under the Program
Currently, we deduct a charge equal to 0.60% of the average daily net assets of
the Sub-accounts per year to purchase the Lifetime Five program. The annual
charge is deducted daily.

SPOUSAL LIFETIME FIVE INCOME BENEFIT (SPOUSAL LIFETIME FIVE)

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Currently, if you elect Spousal Lifetime Five and subsequently terminate the
benefit, there will be a restriction on your ability to re-elect Spousal
Lifetime Five and Lifetime Five (see "Election of the Program" below for
details). Spousal Lifetime Five must be elected based on two Designated
Lives, as described below. Each Designated Life must be at least 55 years
old when the benefit is elected. The Spousal Lifetime Five program is not
available if you elect any other optional living benefit or Death Benefit.
As long as your Spousal Lifetime Five Income Benefit is in effect, you must
allocate your Account Value in accordance with the then permitted and
available option(s) with this program.
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We offer a program that guarantees until the later death of two natural
persons that are each other's spouses at the time of election of Spousal
Lifetime Five and at the first death of one of them (the "Designated Lives",
each a "Designated Life") the ability to withdraw an annual amount ("Spousal
Life Income Benefit") equal to a percentage of an initial principal value (the
"Protected Withdrawal Value") regardless of the impact of market performance on
the Account Value, subject to

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our program rules regarding the timing and amount of withdrawals. The Spousal
Life Income Benefit may remain in effect even if the Account Value of the
Annuity is zero. The program may be appropriate if you intend to make periodic
withdrawals from your Annuity, wish to ensure that market performance will not
affect your ability to receive annual payments, and wish either spouse to be
able to continue the Spousal Life Income Benefit after the death of the first.
You are not required to make withdrawals as part of the program -- the
guarantees are not lost if you withdraw less than the maximum allowable amount
each year under the rules of the program.

KEY FEATURE -- Initial Protected Withdrawal Value
The initial Protected Withdrawal Value is used to determine the amount of
initial annual payment under the Spousal Life Income Benefit. The initial
Protected Withdrawal Value is determined as of the date you make your first
withdrawal under the Annuity following your election of Spousal Lifetime Five.
The initial Protected Withdrawal Value is equal to the greater of (A) the
Account Value on the date you elect Spousal Lifetime Five, plus any additional
Purchase Payments (and associated Purchase Credits with respect to the X
Series) each growing at 5% per year from the date of your election of the
program or application of the Purchase Payment (and associated Purchase Credit
with respect to the X Series) to your Annuity, as applicable, until the date of
your first withdrawal or the 10th anniversary of the benefit effective date, if
earlier (B) the Account Value as of the date of the first withdrawal from your
Annuity, prior to the withdrawal, and (C) the highest Account Value on each
Annuity anniversary prior to the first withdrawal or on the first 10 Annuity
anniversaries if earlier than the date of your first withdrawal after the
benefit effective date. With respect to (B) and (C) above, each value is
increased by the amount of any subsequent Purchase Payments (and associated
Purchase Credits with respect to the X Series).
o If you elect the Spousal Lifetime Five program at the time you purchase
your Annuity, the Account Value will be your initial Purchase Payment plus
the amount of any associated Purchase Credit with respect to the X Series.
o For existing Owners who are electing the Spousal Lifetime Five benefit, the
Account Value on the date of your election of the Spousal Lifetime Five
program will be used to determine the initial Protected Withdrawal Value.

KEY FEATURE -- Annual Income Amount under the Spousal Life Income Benefit
The initial Annual Income Amount is equal to 5% of the initial Protected
Withdrawal Value. Under the Spousal Lifetime Five program, if your cumulative
withdrawals in an Annuity Year are less than or equal to the Annual Income
Amount, they will not reduce your Annual Income Amount in subsequent Annuity
Years. If your cumulative withdrawals are in excess of the Annual Income Amount
("Excess Income"), your Annual Income Amount in subsequent years will be
reduced (except with regard to required minimum distributions) by the result of
the ratio of the Excess Income to the Account Value immediately prior to such
withdrawal (see examples of this calculation below). Reductions include the
actual amount of the withdrawal, including any CDSC that may apply.
You may elect to step-up your Annual Income Amount if, due to positive
market performance, 5% of your Account Value is greater than the Annual Income
Amount. You are eligible to step-up the Annual Income Amount on or after the
3rd anniversary of the first withdrawal under the Spousal Lifetime Five
program. The Annual Income Amount can be stepped up again on or after the 3rd
anniversary of the preceding step-up. If you elect to step-up the Annual Income
Amount under the program, and on the date you elect to step-up, the charges
under the Spousal Lifetime Five program have changed for new purchasers, your
program may be subject to the new charge going forward. When you elect a
step-up, your Annual Income Amount increases to equal 5% of your Account Value
after the step-up. Your Annual Income Amount also increases if you make
additional Purchase Payments. The amount of the increase is equal to 5% of any
additional Purchase Payments plus 5% of any associated Purchase Credits with
respect to the X Series. Any increase will be added to your Annual Income
Amount beginning on the day that the step-up is effective or the Purchase
Payment is made. A determination of whether you have exceeded your Annual
Income Amount is made at the time of each withdrawal; therefore a subsequent
increase in the Annual Income Amount will not offset the effect of a with-

PRUCO LIFE OF NEW JERSEY ANNUITIES PROSPECTUS

Living Benefit Programs continued

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drawal that exceeded the Annual Income Amount at the time the withdrawal was
made.
We also offer an "auto step-up" feature at no additional cost. You may
elect this feature either at the time you elect Spousal Lifetime Five or after
you have elected Spousal Lifetime Five. If, on the date that we implement an
auto step-up to your Annual Income Amount, the charges under the Spousal
Lifetime Five program have changed for new purchasers, your program may be
subject to the new charge going forward. We implement an auto step-up only at
specific times and if Account Value has attained or exceeded a certain amount.
Specifically, if you have never implemented a step-up, then an auto step-up can
occur on the Annuity anniversary next following the 3rd anniversary of the
first withdrawal under the Spousal Lifetime Five program, and can occur each
Annuity anniversary thereafter. If you have implemented a step-up (whether
initiated directly by you or effected under the auto step-up program), then an
auto step-up can occur on the Annuity anniversary next following the 3rd
anniversary of the prior step-up, and can occur each Annuity anniversary
thereafter. We will effect an auto step-up only if, on the Annuity anniversary
that the auto step-up is scheduled to occur, 5% of the Account Value exceeds
105% times the Annual Income Amount. Because the formula that determines when
an auto step-up is affected differs from that which allows you to initiate a
step-up on your own, scenarios may arise in which you may be allowed to
initiate a step-up even though no auto step-up would occur.
The Spousal Lifetime Five program does not affect your ability to make
withdrawals under your Annuity or limit your ability to request withdrawals
that exceed the Annual Income Amount.
If, cumulatively, you withdraw an amount less than the Annual Income
Amount under the Spousal Life Income Benefit in any Annuity Year, you cannot
carry-over the unused portion of the Annual Income Amount to subsequent Annuity
Years.
The following examples of dollar-for-dollar and proportional reductions
and the step-up of the Annual Income Amount assume: 1.) the Issue Date and the
Effective Date of the Spousal Lifetime Five program are February 1, 2005; 2.)
an initial Purchase Payment of $250,000 (includes any Purchase Credits with
respect to the X Series); 3.) the Account Value on February 1, 2006 is equal to
$265,000; 4.) the first withdrawal occurs on March 1, 2006 when the Account
Value is equal to $263,000; and 5.) the Account Value on March 1, 2009 is equal
to $280,000.
The initial Protected Withdrawal Value is calculated as the greatest of
(a), (b) and (c):
(a) Purchase payment accumulated at 5% per year from February 1, 2005
(393/365)
until March 1, 2006 (393 days) = $250,000 x 1.05 =
$263,484.33
(b) Account Value on March 1, 2006 (the date of the first withdrawal) =
$263,000
(c) Account Value on February 1, 2006 (the first Annuity Anniversary) =
$265,000
Therefore, the initial Protected Withdrawal Value is equal to $265,000.
The Annual Income Amount is equal to $13,250 under the Spousal Life Income
Benefit (5% of $265,000).

Example 1. Dollar-for-dollar reduction
If $10,000 was withdrawn (less than the Annual Income Amount) on March 1, 2006,
then the following values would result:
o Remaining Annual Income Amount for current Annuity Year = $13,250 -
$10,000 = $3,250
Annual Income Amount for future Annuity Years remains at $13,250

Example 2. Dollar-for-dollar and proportional reductions
(a) If $15,000 was withdrawn (more than the Annual Income Amount) on
March 1, 2006, then the following values would result:
o Remaining Annual Income Amount for current Annuity Year = $0
Excess of withdrawal over the Annual Income Amount ($15,000 - $13,250
= $1,750) reduces Annual Income Amount for future Annuity Years.
o Reduction to Annual Income Amount = Excess Income/
Account Value before Excess Income x Annual Income Amount = $1,750 /
($263,000 - $13,250) x $13,250 = $93 Annual Income Amount for future
Annuity Years = $13,250 - $93 = $13,157

Example 3. Step-up of the Annual Income Amount
If a step-up of the Annual Income Amount is requested on March 1, 2009, the
request will be accepted because 5% of

PRUCO LIFE OF NEW JERSEY ANNUITIES PROSPECTUS

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the Account Value, which is $14,000 (5% of $280,000), is greater than the Annual
Income Amount of $13,250. The new Annual Income Amount will be equal to $14,000.

BENEFITS UNDER THE SPOUSAL LIFETIME FIVE PROGRAM
To the extent that your Account Value was reduced to zero as a result of
cumulative withdrawals that are equal to or less than the Annual Income Amount
and amounts are still payable under the Spousal Life Income Benefit, we will
make an additional payment for that Annuity Year equal to the remaining Annual
Income Amount for the Annuity Year, if any. In subsequent Annuity Years we make
payments that equal the Annual Income Amount as described in this Prospectus.
No further Purchase Payments will be accepted under your Annuity. We will make
payments until the first of the Designated Lives to die, and will continue to
make payments until the death of the second Designated Life as long as the
Designated Lives were spouses at the time of the first death. To the extent
that cumulative withdrawals in the current Annuity Year that reduced your
Account Value to zero are more than the Annual Income Amount, the Spousal Life
Income Benefit terminates and no additional payments will be made.
If annuity payments are to begin under the terms of your Annuity or if you
decide to begin receiving annuity payments and there is any Annual Income
Amount due in subsequent Annuity Years, you can elect one of the following two
options:
(1) apply your Account Value to any annuity option available; or
(2) request that, as of the date annuity payments are to begin, we make
annuity payments each year equal to the Annual Income Amount. We will
make payments until the first of the Designated Lives to die, and
will continue to make payments until the death of the second
Designated Life as long as the Designated Lives were spouses at the
time of the first death.
We must receive your request in a form acceptable to us at our office.
In the absence of an election when mandatory annuity payments are to
begin, we will make annual annuity payments as a joint and survivor or single
(as applicable) life fixed annuity with five payments certain using the same
basis that is used to calculate the greater of the annuity rates then currently
available or the annuity rates guaranteed in your Annuity. The amount that will
be applied to provide such annuity payments will be the greater of:

(1) the present value of future Annual Income Amount payments. Such
present value will be calculated using the same basis that is used to
calculate the single life fixed annuity rates then currently
available or the single life fixed annuity rates guaranteed in your
Annuity; and
(2) the Account Value.
If no withdrawal was ever taken, we will determine an initial Protected
Withdrawal Value and calculate an Annual Income Amount as if you made your
first withdrawal on the date the annuity payments are to begin.

Other Important Considerations
o Withdrawals under the Spousal Lifetime Five program are subject to all of
the terms and conditions of the Annuity, including any CDSC.
o Withdrawals made while the Spousal Lifetime Five program is in effect will
be treated, for tax purposes, in the same way as any other withdrawals
under the Annuity. The Spousal Lifetime Five program does not directly
affect the Annuity's Account Value or Surrender Value, but any withdrawal
will decrease the Account Value by the amount of the withdrawal (plus any
applicable CDSC). If you surrender your Annuity, you will receive the
current Surrender Value.
o You can make withdrawals from your Annuity while your Account Value is
greater than zero without purchasing the Spousal Lifetime Five program.
The Spousal Lifetime Five program provides a guarantee that if your
Account Value declines due to market performance, you will be able to
receive your Annual Income Amount in the form of periodic benefit
payments.
o You must allocate your Account Value in accordance with the then available
option(s) that we may permit in order to elect and maintain the Spousal
Lifetime Five program.
o There may be circumstances where you will continue to be charged the full
amount for the Spousal Lifetime Five program even when the benefit is only
providing a guarantee of income based on one life with no survivorship.
o In order for the Surviving Designated Life to continue the Spousal Lifetime
Five program, upon the death of an Owner, the Designated Life must elect
to assume ownership of the Annuity under the spousal continuation option.
See "Spousal Owners/Spousal Beneficiaries" and "Spousal Beneficiary --
Assumption of Annuity" in this Prospectus.

Election of and Designations under the Program
Spousal Lifetime Five can only be elected based on two Designated Lives.
Designated Lives must be natural persons who are

PRUCO LIFE OF NEW JERSEY ANNUITIES PROSPECTUS

Living Benefit Programs continued

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each other's spouses at the time of election of the program and at the death of
the first of the Designated Lives to die. Currently, the program may only be
elected where the Owner, Annuitant and Beneficiary designations are as follows:
o One Annuity Owner, where the Annuitant and the Owner are the same person
and the beneficiary is the Owner's spouse. The Owner/Annuitant and the
beneficiary each must be at least 55 years old at the time of election; or
o Co-Annuity Owners, where the Owners are each other's spouses. The
Beneficiary designation must be the surviving spouse. The first named
Owner must be the Annuitant. Both Owners must each be at least 55 years
old at the time of election.
No Ownership changes or Annuitant changes will be permitted once this
program is elected. However, if the Annuity is co-owned, the Owner that is not
the Annuitant may be removed without affecting the benefit.
The Spousal Lifetime Five program can be elected at the time that you
purchase your Annuity. We also offer existing Owners the option to elect the
Spousal Lifetime Five program after the Issue Date of their Annuity, subject to
our eligibility rules and restrictions. Your Account Value as the date of
election will be used as a basis to calculate the initial Protected Withdrawal
Value and the Annual Income Amount.
Currently, if you terminate the program, you will only be permitted to
re-elect Spousal Lifetime Five or elect the Lifetime Five Income Benefit on any
anniversary of the Issue Date that is at least 90 calendar days from the date
the benefit was last terminated.
We reserve the right to further limit the election frequency in the
future. Before making any such change to the election frequency, we will
provide prior notice to Owners who have an effective Spousal Lifetime Five
Income Benefit.

Termination of the Program
The program terminates automatically when your Annual Income Amount equals
zero. You may terminate the program at any time by notifying us. If you
terminate the program, any guarantee provided by the benefit will terminate as
of the date the termination is effective and certain restrictions on
re-election of the benefit will apply as described above. We reserve the right
to further limit the frequency election in the future. The program terminates
upon your surrender of the Annuity, upon the first Designated Life to die if
the Annuity is not continued, upon the second Designated Life to die or upon
your election to begin receiving annuity payments.
The charge for the Spousal Lifetime Five program will no longer be
deducted from your Account Value upon termination of the program.

Additional Tax Considerations for Qualified Contracts
If you purchase an Annuity as an investment vehicle for "qualified"
investments, including an IRA, SEP-IRA, or Tax Sheltered Annuity (or 403(b)),
the minimum distribution rules under the Code require that you begin receiving
periodic amounts from your Annuity beginning after age 70 1/2. For a Tax
Sheltered Annuity, this required beginning date can generally be deferred to
after retirement, if later. Roth IRAs are not subject to these rules during the
Owner's lifetime. The amount required under the Code may exceed the Annual
Income Amount, which will cause us to increase the Annual Income Amount in any
Annuity Year that required minimum distributions due from your Annuity are
greater than such amounts. In addition, the amount and duration of payments
under the annuity payment and Death Benefit provisions may be adjusted so that
the payments do not trigger any penalty or excise taxes due to tax
considerations such as minimum distribution requirements.

Charges under the Program
Currently, we deduct a charge equal to 0.75% of the average daily net assets of
the Sub-accounts per year to purchase the Spousal Lifetime Five program. The
annual charge is deducted daily.

PRUCO LIFE OF NEW JERSEY ANNUITIES PROSPECTUS

Death Benefit
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WHAT TRIGGERS THE PAYMENT OF A DEATH BENEFIT?
Each Annuity provides a Death Benefit during its accumulation period. If an
Annuity is owned by one or more natural persons, the Death Benefit is payable
upon the first death of an Owner. If an Annuity is owned by an entity, the
Death Benefit is payable upon the Annuitant's death, if there is no Contingent
Annuitant. If a Contingent Annuitant was designated before the Annuitant's
death and the Annuitant dies, then the Contingent Annuitant becomes the
Annuitant and a Death Benefit will not be paid at that time. The person upon
whose death the Death Benefit is paid is referred to below as the "decedent."

BASIC DEATH BENEFIT
Each Annuity provides a basic Death Benefit at no additional charge. The
Insurance Charge we deduct daily from your Account Value allocated to the
Sub-accounts is used, in part, to pay us for the risk we assume in providing
the basic Death Benefit guarantee under an Annuity. Each Annuity also offers an
optional Death Benefit that can be purchased for an additional charge. The
additional charge is deducted to compensate Pruco Life of New Jersey for
providing increased insurance protection under the optional Death Benefit.
Notwithstanding the additional protection provided under the optional Death
Benefit, the additional cost has the impact of reducing the net performance of
the investment options. In addition, with respect to the X Series, under
certain circumstances, your Death Benefit may be reduced by the amount of any
Purchase Credits we applied to your Purchase Payments. (See "How are Purchase
Credits Applied to My Accounts Value".) The basic Death Benefit is equal to the
greater of:
o The sum of all Purchase Payments (and, for the X series, the amount of any
Purchase Credits received more than 12 months prior to death) less the sum
of all proportional withdrawals.
o The sum of your Account Value in the Sub-accounts and the Fixed Rate
Options (less the amount of any Purchase Credits applied within 12-months
prior to the date of death, in the case of the X Series).
"Proportional withdrawals" are determined by calculating the percentage of
your Account Value that each prior withdrawal represented when withdrawn. For
example, a withdrawal of 50% of Account Value would be considered as a 50%
reduction in Purchase Payments for purposes of calculating the basic Death
Benefit.
OPTIONAL DEATH BENEFITS
One optional Death Benefit is offered for purchase with your Annuity to provide
an enhanced level of protection for your beneficiaries. Key terms that we use
to describe these optional death benefits are set forth within the description
of each optional death benefit.

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Currently, the optional death benefit must be elected at the time that you
purchase your Annuity. We may, at a later date, allow existing Annuity
Owners to purchase the optional Death Benefit subject to our rules and any
changes or restrictions in the benefits. Certain terms and conditions may
differ if you purchase your Annuity as part of an exchange, replacement or
transfer, in whole or in part, from any other Annuity we issue. If you elect
Spousal Lifetime Five, you are not permitted to elect the optional Death
Benefit. With respect to the X Series, under certain circumstances, the
Optional Death Benefit that you elect may be reduced by the amount of
Purchase Credits applied to your Purchase Payments.
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Highest Anniversary Value Death Benefit ("HAV")
If the Annuity has one Owner, the Owner must be age 79 or less at the time
Highest Anniversary Value Optional Death Benefit is purchased. If the Annuity
has joint Owners, the oldest Owner must be age 79 or less. If the Annuity is
owned by an entity, the Annuitant must be age 79 or less.
Certain of the Portfolios offered as Sub-accounts under the Annuity are
not available if you elect the Highest Anniversary Value Death Benefit. In
addition, we reserve the right to require you to invest in specific Portfolios
if you elect this death benefit.

Calculation of Highest Anniversary Value Death Benefit
The HAV Death Benefit depends on whether death occurs before or after the Death
Benefit Target Date.
If the Owner dies before the Death Benefit Target Date, the Death Benefit
equals the greater of:
1. the basic Death Benefit described above; and
2. the Highest Anniversary Value as of the Owner's date of death.

PRUCO LIFE OF NEW JERSEY ANNUITIES PROSPECTUS

Death Benefit continued

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If the Owner dies on or after the Death Benefit Target Date, the Death
Benefit equals the greater of:
1. the basic Death Benefit described above; and
2. the Highest Anniversary Value on the Death Benefit Target Date plus the sum
of all Purchase Payments less the sum of all proportional withdrawals
since the Death Benefit Target Date.
The amount determined by this calculation is increased by any Purchase
Payments received after the Owner's date of death and decreased by any
proportional withdrawals since such date. The amount calculated in Items 1 & 2
above (before, on or after the Death Benefit Target Date) may be reduced by any
Purchase Credits under certain circumstances.

Please refer to the definition of Death Benefit Target Date below. This
death benefit may not be an appropriate feature where the Owner's age is near
the age specified in the Death Benefit Target Date. This is because the benefit
may not have the same potential for growth as it otherwise would, since there
will be fewer contract anniversaries before the death benefit target date is
reached.
Key Terms Used with the Highest Anniversary Value Death Benefit:
o The Death Benefit Target Date for the Highest Anniversary Value Death
Benefit is the Annuity Anniversary on or after the 80th birthday of the
current Owner, the oldest of either joint Owner or the Annuitant, if
entity owned.
o The Highest Anniversary Value equals the highest of all previous
"Anniversary Values" less proportional withdrawals since such anniversary
and plus any Purchase Payment (including any Purchase Credits applied to
such Purchase Payment more than twelve (12) months prior to the date of
death, in the case of the X Series) since such anniversary.
o The Anniversary Value is the Account Value as of each anniversary of the
Issue Date of the Annuity. The Anniversary Value on the Issue Date is
equal to your Purchase Payment (including any Purchase Credits applied to
such Purchase Payment more than twelve (12) months prior to the date of
death, in the case of the X Series).
o Proportional withdrawals are determined by calculating the percentage of
your Account Value that each prior withdrawal represented when withdrawn.
Proportional withdrawals result in a reduction to the Highest Anniversary
Value by reducing such value in the same proportion as the Account Value
was reduced by the withdrawal as of the date the withdrawal occurred. For
example, if your Highest Anniversary Value is $125,000 and you
subsequently withdraw $10,000 at a time when your Account Value is equal
to $100,000 (a 10% reduction), when calculating the optional Death Benefit
we will reduce your Highest Anniversary Value ($125,000) by 10% or
$12,500.

Annuities with Joint Owners
For Annuities with Joint Owners, the Death Benefits are calculated as shown
above except that the age of the oldest of the Joint Owners is used to
determine the Death Benefit Target Date. NOTE: If you and your spouse own your
Annuity jointly, we will pay the Death Benefit to the Beneficiary. If the sole
primary Beneficiary is the surviving spouse, then the surviving spouse can
elect to assume ownership of your Annuity and continue the Annuity instead of
receiving the Death Benefit.

Annuities owned by entities
For Annuities owned by an entity, the Death Benefits are calculated as shown
above except that the age of the Annuitant is used to determine the Death
Benefit Target Date. Payment of the Death Benefit is based on the death of the
Annuitant (or Contingent Annuitant, if applicable).

Can I terminate the optional HAV Death Benefit? Does the optional HAV Death
Benefit terminate under other circumstances?
For the B Series and the X Series, the HAV Death Benefit may not be terminated
once elected. With respect to the L Series only, (i) if the HAV Death Benefit
is elected on the Issue Date, then you may elect to terminate the benefit on
the fifth Annuity anniversary and each Annuity anniversary thereafter (but not
later than the tenth Annuity anniversary), but if you do terminate you will
revert to the base death benefit, and you may not thereafter re-elect the
optional benefit and (ii) if you did not elect the HAV death benefit on the
Issue Date, then you may elect the HAV Death Benefit on the fifth Annuity
anniversary and each Annuity anniversary thereafter (but not later than the
tenth Annuity anniversary), but you may not thereafter terminate that election.
The HAV Death Benefit will terminate automatically on the Annuity Date. We may
also terminate the optional Death Benefit if necessary to comply with our
interpretation of the Code and applicable regulations.

What are the charges for the optional Death Benefit?
We deduct a charge equal to 0.25% per year of the average daily net assets of
the Sub-accounts for the HAV Death Benefit. We deduct the charge for this
benefit to compensate Pruco

PRUCO LIFE OF NEW JERSEY ANNUITIES PROSPECTUS

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Life of New Jersey for providing increased insurance protection under the
optional Death Benefits. The additional annual charge is deducted daily against
your Account Value allocated to the Sub-accounts.
Please refer to the section entitled "Tax Considerations" for additional
considerations in relation to the optional Death Benefit.

PAYMENT OF DEATH BENEFITS
Payment of Death Benefit to Beneficiary
Except in the case of a spousal assumption as described below, in the event of
your death, the Death Benefit must be distributed:
o as a lump sum amount at any time within five (5) years of the date of
death; or
o as a series of annuity payments not extending beyond the life expectancy of
the Beneficiary or over the life of the Beneficiary. Payments under this
option must begin within one year of the date of death.
Unless you have made an election prior to Death Benefit proceeds becoming
due, a Beneficiary can elect to receive the Death Benefit proceeds as a series
of fixed annuity payments. See the section entitled "What Types of Annuity
Options are Available."

Spousal Beneficiary -- Assumption of Annuity
You may name your spouse as your Beneficiary. If you and your spouse own your
Annuity jointly, we assume that the sole primary Beneficiary will be the
surviving spouse unless you elect an alternative Beneficiary designation.
Unless you elect an alternative Beneficiary designation, the spouse Beneficiary
may elect to assume ownership of the Annuity instead of taking the Death
Benefit payment. Any Death Benefit (including any optional Death Benefit) that
would have been payable to the Beneficiary will become the new Account Value as
of the date we receive due proof of death and any required proof of a spousal
relationship. As of the date the assumption is effective, the surviving spouse
will have all the rights and benefits that would be available under the Annuity
to a new purchaser of the same attained age. For purposes of determining any
future Death Benefit for the surviving spouse, the new Account Value will be
considered as the initial Purchase Payment. No CDSC will apply to the new
Account Value. However, any additional Purchase Payments applied after the date
the assumption is effective will be subject to all provisions of the Annuity,
including any CDSC that may apply to the additional Purchase Payments.

See the section entitled "Managing Your Annuity -- Spousal Contingent
Annuitant" for a discussion of the treatment of a spousal Contingent Annuitant
in the case of the death of the Annuitant in an entity owned Annuity.

Are there any exceptions to these rules for paying the Death Benefit?
Yes, there are exceptions that apply no matter how your Death Benefit is
calculated. There are exceptions to the Death Benefit if the decedent was not
the Owner or Annuitant as of the Issue Date (or within 60 days thereafter) and
did not become the Owner or Annuitant due to the prior Owner's or Annuitant's
death. Any Death Benefit (including any optional Death Benefit) that applies
will be suspended for a two-year period from the date he or she first became
Owner or Annuitant. After the two-year suspension period is completed, the
Death Benefit is the same as if this person had been an Owner or Annuitant on
the Issue Date.

When do you determine the Death Benefit?
We determine the amount of the Death Benefit as of the date we receive "due
proof of death", any instructions we require to determine the method of payment
and any other written representations we require to determine the proper
payment of the Death Benefit to all Beneficiaries. "Due proof of death" may
include a certified copy of a death certificate, a certified copy of a decree
of a court of competent jurisdiction as to the finding of death or other
satisfactory proof of death. Upon our receipt of "due proof of death" we
automatically transfer the Death Benefit to the AST Money Market Sub-account
until we further determine the universe of eligible Beneficiaries. Once the
universe of eligible Beneficiaries has been determined each eligible
Beneficiary may allocate his or her eligible share of the Death Benefit to an
eligible annuity payment option.
Each Beneficiary must make an election as to the method they wish to
receive their portion of the Death Benefit. Absent an election of a Death
Benefit payment method, no Death Benefit can be paid to the Beneficiary. We may
require written acknowledgment of all named Beneficiaries before we can pay the
Death Benefit. During the period from the date of death until we receive all
required paper work, the amount of the Death Benefit may be subject to market
fluctuations.

PRUCO LIFE OF NEW JERSEY ANNUITIES PROSPECTUS

Valuing Your Investment
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HOW IS MY ACCOUNT VALUE DETERMINED?

During the accumulation period, your Annuity has an Account Value. The Account
Value is determined separately for each Sub-account allocation and for each
Fixed Rate Option. The Account Value is the sum of the values of each
Sub-account allocation and the value of each Fixed Rate Option. The Account
Value does not reflect any CDSC that may apply to a withdrawal or surrender.
With respect to the X Series, the Account Value includes any Purchase Credits
we applied to your Purchase Payments which we are entitled to recover under
certain circumstances.

WHAT IS THE SURRENDER VALUE OF MY ANNUITY?
The Surrender Value of your Annuity is the value available to you on any day
during the accumulation period. The Surrender Value is defined under "Glossary
of Terms" above.

HOW AND WHEN DO YOU VALUE THE SUB-ACCOUNTS?
When you allocate Account Value to a Sub-account, you are purchasing units of
the Sub-account. Each Sub-account invests exclusively in shares of an
underlying Portfolio. The value of the Units fluctuates with the market
fluctuations of the Portfolios. The value of the Units also reflects the daily
accrual for the Insurance Charge, and if you elected one or more optional
benefits whose annual charge is deducted daily, the additional charge made for
such benefits. There may be several different Unit Prices for each Sub-account
to reflect the Insurance Charge and the charges for any optional benefits. The
Unit Price for the Units you purchase will be based on the total charges for
the benefits that apply to your Annuity. See the section entitled "What Happens
to My Units When There is a Change in Daily Asset-Based Charges?" for a
detailed discussion of how Units are purchased and redeemed to reflect changes
in the daily charges that apply to your Annuity.
Each Valuation Day, we determine the price for a Unit of each Sub-account,
called the "Unit Price." The Unit Price is used for determining the value of
transactions involving Units of the Sub-accounts. We determine the number of
Units involved in any transaction by dividing the dollar value of the
transaction by the Unit Price of the Sub-account as of the Valuation Day.

Example
Assume you allocate $5,000 to a Sub-account. On the Valuation Day you make the
allocation, the Unit Price is $14.83. Your $5,000 buys 337.154 Units of the
Sub-account. Assume that later, you wish to transfer $3,000 of your Account
Value out of that Sub-account and into another Sub-account. On the Valuation
Day you request the transfer, the Unit Price of the original Sub-account has
increased to $16.79. To transfer $3,000, we sell 178.677 Units at the current
Unit Price, leaving you 158.477 Units. We then buy $3,000 of Units of the new
Sub-account at the Unit Price of $17.83. You would then have 168.255 Units of
the new Sub-account.

WHEN DO YOU PROCESS AND VALUE TRANSACTIONS?
Pruco Life of New Jersey is generally open to process financial transactions on
those days that the New York Stock Exchange (NYSE) is open for trading. There
may be circumstances where the NYSE does not open on a regularly scheduled date
or time or closes at an earlier time than scheduled (normally 4:00 p.m. EST).
Financial transactions requested before the close of the NYSE which meet our
requirements will be processed according to the value next determined following
the close of business. Financial transactions requested on a non-business day
or after the close of the NYSE will be processed based on the value next
computed on the next Valuation Day. There may be circumstances when the opening
or closing time of the NYSE is different than other major stock exchanges, such
as NASDAQ or the American Stock Exchange. Under such circumstances, the closing
time of the NYSE will be used when valuing and processing transactions.
There may be circumstances where the NYSE is open, however, due to
inclement weather, natural disaster or other circumstances beyond our control,
our offices may be closed or our business processing capabilities may be
restricted. Under those circumstances, your Account Value may fluctuate based
on changes in the Unit Values, but you may not be able to transfer Account
Value, or make a purchase or redemption request.
The NYSE is closed on the following nationally recognized holidays: New
Year's Day, Martin Luther King, Jr. Day, Washington's Birthday, Good Friday,
Memorial Day, Independence Day, Labor Day, Thanksgiving, and Christmas. On
those dates, we will not process any financial transactions involving purchase
or redemption orders.
Pruco Life of New Jersey will also not process financial transactions
involving purchase or redemption orders or transfers on any day that:
o trading on the NYSE is restricted;
o an emergency exists making redemption or valuation of securities held in
the separate account impractical; or
o the SEC, by order, permits the suspension or postponement for the
protection of security holders.

PRUCO LIFE OF NEW JERSEY ANNUITIES PROSPECTUS

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Initial Purchase Payments: We are required to allocate your initial Purchase
Payment to the Sub-accounts within two (2) business days after we receive all of
our requirements at our office to issue an Annuity. If we do not have all the
required information to allow us to issue your Annuity, we may retain the
Purchase Payment while we try to reach you or your representative to obtain all
of our requirements. If we are unable to obtain all of our required information
within five (5) business days, we are required to return the Purchase Payment to
you at that time, unless you specifically consent to our retaining the Purchase
Payment while we gather the required information. Once we obtain the required
information, we will invest the Purchase Payment (and any associated Purchase
Credit with respect to the X Series) and issue an Annuity within two (2)
business days. During any period that we are trying to obtain the required
information, your money is not invested.
Additional Purchase Payments: We will apply any additional Purchase
Payments (and any associated Purchase Credit with respect to the X Series) on
the Valuation Day that we receive the Purchase Payment at our office with
satisfactory allocation instructions.
Scheduled Transactions: "Scheduled" transactions include transfers under
Dollar Cost Averaging, Automatic Rebalancing, Systematic Withdrawals, Minimum
Distributions or annuity payments. Scheduled transactions are processed and
valued as of the date they are scheduled, unless the scheduled day is not a
Valuation Day. In that case, the transaction will be processed and valued on
the next Valuation Day, unless the next Valuation Day falls in the subsequent
calendar year, in which case the transaction will be processed and valued on
the prior Valuation Day.
Unscheduled Transactions: "Unscheduled" transactions include any other
non-scheduled transfers and requests for Partial Withdrawals or Free
Withdrawals or Surrenders. Unscheduled transactions are processed and valued as
of the Valuation Day we receive the request at our Office and have all of the
required information.
Death Benefit claims require our review and evaluation before processing.
We price such transactions as of the date we receive at our Office all
supporting documentation we require for such transactions and that are
satisfactory to us.
Termination of Optional Benefits: Except for the Guaranteed Minimum Income
Benefit, which generally cannot be terminated by the owner once elected, if any
optional benefit terminates, we will no longer deduct the charge we apply to
purchase the optional benefit. Certain optional benefits may be added after you
have purchased your Annuity. On the date a charge no longer applies or a charge
for an optional benefit begins to be deducted, your Annuity will become subject
to a different daily asset-based charge. This change may result in the number
of Units attributed to your Annuity and the value of those Units being
different than it was before the change; however, the adjustment in the number
of Units and Unit Price will not affect your Account Value (although the change
in charges that are deducted will affect your Account Value).

PRUCO LIFE OF NEW JERSEY ANNUITIES PROSPECTUS

Tax Considerations
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The tax considerations associated with each Annuity vary depending on whether
the contract is (i) owned by an individual and not associated with a tax-favored
retirement plan (including contracts held by a non-natural person, such as a
trust acting as an agent for a natural person), or (ii) held under a tax-favored
retirement plan. We discuss the tax considerations for these categories of
contracts below. The discussion is general in nature and describes only federal
income tax law (not state or other tax laws). It is based on current law and
interpretations, which may change. The discussion includes a description of
certain spousal rights under the contract and under tax-qualified plans. Our
administration of such spousal rights and related tax reporting accords with our
understanding of the Defense of Marriage Act (which defines a "marriage" as a
legal union between a man and a woman and a "spouse" as a person of the opposite
sex). The information provided is not intended as tax advice. You should consult
with a qualified tax advisor for complete information and advice. References to
Purchase Payments below relates to your cost basis in your contract. Generally,
your cost basis in a contract not associated with a tax-favored retirement plan
is the amount you pay into your contract, or into annuities exchanged for your
contract, on an after-tax basis less any withdrawals of such payments.
Each Annuity may also be purchased as a non-qualified annuity (i.e., a
contract not held under a tax-favored retirement plan) by a trust or custodial
IRA or 403(b) account, which can hold other permissible assets other than the
annuity. The terms and administration of the trust or custodial account in
accordance with the laws and regulations for IRAs or 403(b)s, as applicable,
are the responsibility of the applicable trustee or custodian.

CONTRACTS OWNED BY INDIVIDUALS (NOT ASSOCIATED WITH TAX-FAVORED RETIREMENT
PLANS)

Taxes Payable by You
We believe each Annuity is an annuity contract for tax purposes. Accordingly,
as a general rule, you should not pay any tax until you receive money under the
contract.
Generally, annuity contracts issued by the same company (and affiliates)
to you during the same calendar year must be treated as one annuity contract
for purposes of determining the amount subject to tax under the rules described
below.
It is possible that the Internal Revenue Service (IRS) would assert that
some or all of the charges for the optional benefits under the contract should
be treated for federal income tax purposes as a partial withdrawal from the
contract. If this were the case, the charge for this benefit could be deemed a
withdrawal and treated as taxable to the extent there are earnings in the
contract. Additionally, for owners under age 59 1/2, the taxable income
attributable to the charge for the benefit could be subject to a tax penalty.
If the IRS determines that the charges for one or more benefits under the
contract are taxable withdrawals, then the sole or surviving owner will be
provided with a notice from us describing available alternatives regarding
these benefits.
If you choose to defer the Annuity Date beyond the default date for your
Annuity, the IRS may not consider your contract to be an annuity under the tax
law. For more information, see "How and When Do I Choose the Annuity Payment
Option?".

Taxes on Withdrawals and Surrender
If you make a withdrawal from your contract or surrender it before annuity
payments begin, the amount you receive will be taxed as ordinary income, rather
than as return of Purchase Payments, until all gain has been withdrawn. You
will generally be taxed on any withdrawals from the contract while you are
alive even if the withdrawal is paid to someone else.
If you assign or pledge all or part of your contract as collateral for a
loan, the part assigned generally will be treated as a withdrawal.
If you transfer your contract for less than full consideration, such as by
gift, you will trigger tax on any gain in the contract. This rule does not
apply if you transfer the contract to your spouse or under most circumstances
if you transfer the contract incident to divorce.

Taxes on Annuity Payments
A portion of each annuity payment you receive will be treated as a partial
return of your Purchase Payments and will not be taxed. The remaining portion
will be taxed as ordinary income. Generally, the nontaxable portion is
determined by multiplying the annuity payment you receive by a fraction, the
numerator of which is your Purchase Payments (less any amounts previously
received tax-free) and the denominator of which is the total expected payments
under the contract.
After the full amount of your Purchase Payments have been recovered
tax-free, the full amount of the annuity payments will be taxable. If annuity
payments stop due to the death of the annuitant before the full amount of your
purchase pay-

PRUCO LIFE OF NEW JERSEY ANNUITIES PROSPECTUS

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ments have been recovered, a tax deduction may be allowed for the unrecovered
amount.

Tax Penalty on Withdrawals and Annuity Payments
Any taxable amount you receive under your contract may be subject to a 10% tax
penalty. Amounts are not subject to this tax penalty if:
o the amount is paid on or after you reach age 59 1/2 or die;
o the amount received is attributable to your becoming disabled;
o generally the amount paid or received is in the form of substantially equal
payments not less frequently than annually (Please note that substantially
equal payments must continue until the later of reaching age 59 1/2 or 5
years. Modification of payments during that time period will result in
retroactive application of the 10% tax penalty.); or
o the amount received is paid under an immediate annuity contract (in which
annuity payments begin within one year of purchase).

Special Rules in Relation to Tax-Free Exchanges Under Section 1035
Section 1035 of the Internal Revenue Code of 1986, as amended (Code) permits
certain tax-free exchanges of a life insurance, annuity or endowment contract
for an annuity. If an Annuity is purchased through a tax-free exchange of a
life insurance, annuity or endowment contract that was purchased prior to
August 14, 1982, then any Purchase Payments made to the original contract prior
to August 14, 1982 will be treated as made to the new contract prior to that
date. (See Federal Tax Status section in the Statement of Additional
Information.)
Partial surrenders may be treated in the same way as tax-free 1035
exchanges of entire contracts, therefore avoiding current taxation of any gains
in the contract as well as the 10% tax penalty on pre-age 59 1/2 withdrawals.
The IRS has reserved the right to treat transactions it considers abusive as
ineligible for this favorable partial 1035 exchange treatment. We do not know
what transactions may be considered abusive. For example we do not know how the
IRS may view early withdrawals or annuitizations after a partial exchange. In
addition, it is unclear how the IRS will treat a partial exchange from a life
insurance, endowment, or annuity contract into an immediate annuity. As of the
date of this prospectus, we will accept a partial 1035 exchange from a
non-qualified annuity into an immediate annuity as a "tax-free" exchange for
future tax reporting purposes, except to the extent that we, as a reporting and
withholding agent, believe that we would be expected to deem the transaction to
be abusive. However, some insurance companies may not recognize these partial
surrenders as tax-free exchanges and may report them as taxable distributions
to the extent of any gain distributed as well as subjecting the taxable portion
of the distribution to the 10% tax penalty. We strongly urge you to discuss any
transaction of this type with your tax advisor before proceeding with the
transaction.

Taxes Payable by Beneficiaries
The Death Benefit options are subject to income tax to the extent the
distribution exceeds the cost basis in the contract. The value of the Death
Benefit, as determined under federal law, is also included in the owner's
estate.
Generally, the same tax rules described above would also apply to amounts
received by your beneficiary. Choosing any option other than a lump sum Death
Benefit may defer taxes. Certain minimum distribution requirements apply upon
your death, as discussed further below.
Tax consequences to the beneficiary vary among the Death Benefit payment
options.
o Choice 1: the beneficiary is taxed on earnings in the contract.
o Choice 2: the beneficiary is taxed as amounts are withdrawn (in this case
earnings are treated as being distributed first).
o Choice 3: the beneficiary is taxed on each payment (part will be treated as
earnings and part as return of premiums).
Considerations for Contingent Annuitants: There may be adverse tax consequences
if a Contingent Annuitant succeeds an Annuitant when an Annuity is owned by a
trust that is neither tax exempt nor qualifies for preferred treatment under
certain sections of the Code. In general, the Code is designed to prevent
indefinite deferral of tax. Continuing the benefit of tax deferral by naming
one or more Contingent Annuitants when an Annuity is owned by a non-qualified
trust might be deemed an attempt to extend the tax deferral for an indefinite
period. Therefore, adverse tax treatment may depend on the terms of the trust,
who is named as Contingent Annuitant, as well as the particular facts and
circumstances. You should consult your tax advisor before naming a Contingent
Annuitant if you expect to use an Annuity in such a fashion.

Reporting and Withholding on Distributions
Taxable amounts distributed from an Annuity are subject to federal and state
income tax reporting and withholding. In general, we will withhold federal
income tax from the taxable portion of such distribution based on the type of
distribution. In

PRUCO LIFE OF NEW JERSEY ANNUITIES PROSPECTUS

Tax Considerations continued

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the case of an annuity or similar periodic payment, we will withhold as if you
are a married individual with 3 exemptions unless you designate a different
withholding status. In the case of all other distributions, we will withhold at
a 10% rate. You may generally elect not to have tax withheld from your payments.
An election out of withholding must be made on forms that we provide.
State income tax withholding rules vary and we will withhold based on the
rules of your State of residence. Special tax rules apply to withholding for
nonresident aliens, and we generally withhold income tax for nonresident aliens
at a 30% rate. A different withholding rate may be applicable to a nonresident
alien based on the terms of an existing income tax treaty between the United
States and the nonresident alien's country. Please refer to the discussion
below regarding withholding rules for tax favored plans (for example, an IRA).
Regardless of the amount withheld by us, you are liable for payment of
federal and state income tax on the taxable portion of annuity distributions.
You should consult with your tax advisor regarding the payment of the correct
amount of these income taxes and potential liability if you fail to pay such
taxes.

Annuity Qualification
Diversification And Investor Control. In order to qualify for the tax rules
applicable to annuity contracts described above, the assets underlying the
Sub-accounts of each Annuity must be diversified, according to certain rules.
We believe these diversification rules will be met.
An additional requirement for qualification for the tax treatment
described above is that we, and not you as the contract owner, must have
sufficient control over the underlying assets to be treated as the owner of the
underlying assets for tax purposes. While we also believe these investor
control rules will be met, the Treasury Department may promulgate guidelines
under which a variable annuity will not be treated as an annuity for tax
purposes if persons with ownership rights have excessive control over the
investments underlying such variable annuity. It is unclear whether such
guidelines, if in fact promulgated, would have retroactive effect. It is also
unclear what effect, if any, such guidelines may have on transfers between the
investment options offered pursuant to this Prospectus. We will take any
action, including modifications to your Annuity or the investment options,
required to comply with such guidelines if promulgated.

Please refer to the Statement of Additional information for further
information on these Diversification and Investor Control issues.
Required Distributions Upon Your Death. Upon your death, certain
distributions must be made under the contract. The required distributions
depend on whether you die before you start taking annuity payments under the
contract or after you start taking annuity payments under the contract.
If you die on or after the Annuity Date, the remaining portion of the
interest in the contract must be distributed at least as rapidly as under the
method of distribution being used as of the date of death.
If you die before the Annuity Date, the entire interest in the contract
must be distributed within 5 years after the date of death. However, if a
periodic payment option is selected by your designated beneficiary and if such
payments begin within 1 year of your death, the value of the contract may be
distributed over the beneficiary's life or a period not exceeding the
beneficiary's life expectancy. Your designated beneficiary is the person to
whom benefit rights under the contract pass by reason of death, and must be a
natural person in order to elect a periodic payment option based on life
expectancy or a period exceeding five years.
If an Annuity is payable to (or for the benefit of) your surviving spouse,
that portion of the contract may be continued with your spouse as the owner.
Changes In Your Annuity. We reserve the right to make any changes we deem
necessary to assure that your Annuity qualifies as an annuity contract for tax
purposes. Any such changes will apply to all contract owners and you will be
given notice to the extent feasible under the circumstances.

Additional Information
You should refer to the Statement of Additional Information if:
o The contract is held by a corporation or other entity instead of by an
individual or as agent for an individual.
o Your contract was issued in exchange for a contract containing Purchase
Payments made before August 14, 1982.
o You transfer your contract to, or designate, a beneficiary who is either
37 1/2 years younger than you or a grandchild.
o You purchased more than one annuity contract from the same insurer within
the same calendar year (other than contracts held by tax favored plans).

CONTRACTS HELD BY TAX-FAVORED PLANS
The following discussion covers annuity contracts held under tax-favored
retirement plans.

PRUCO LIFE OF NEW JERSEY ANNUITIES PROSPECTUS

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Currently, an Annuity may be purchased for use in connection with individual
retirement accounts and annuities (IRAs) which are subject to Sections 408(a),
408(b) and 408A of the Code. In addition, each Annuity may be purchased for use
in connection with a corporate Pension and Profit-sharing plan (subject to
401(a) of the Code), H.R. 10 plans (also known as Keogh Plans, subject to 401(a)
of the Code), Tax Sheltered Annuities (subject to 403(b) of the Code, also known
as Tax Deferred Annuities or TDAs), and Section 457 plans (subject to 457 of the
Code). This description assumes that you have satisfied the requirements for
eligibility for these products.
Each Annuity may also be purchased as a non-qualified annuity (i.e., a
contract not held under a tax-favored retirement plan) by a trust or custodial
IRA or 403(b) account, which can hold other permissible assets other than the
annuity. The terms and administration of the trust or custodial account in
accordance with the laws and regulations for IRAs or 403(b)s, as applicable,
are the responsibility of the applicable trustee or custodian.
You should be aware that tax favored plans such as IRAs generally provide
income tax deferral regardless of whether they invest in annuity contracts.
This means that when a tax favored plan invests in an annuity contract, it
generally does not result in any additional tax benefits (such as income tax
deferral and income tax free transfers).

Types of Tax-Favored Plans
IRAs. If you buy an Annuity for use as an IRA, we will provide you a copy of
the prospectus and contract. The "IRA Disclosure Statement" contains
information about eligibility, contribution limits, tax particulars, and other
IRA information. In addition to this information (some of which is summarized
below), the IRS requires that you have a "free-look" after making an initial
contribution to the contract. During this time, you can cancel the Annuity by
notifying us in writing, and we will refund all of the Purchase Payments under
the Annuity (or, if provided by applicable state law, the amount credited under
the Annuity, if greater), less any applicable federal and state income tax
withholding.
Contributions Limits/Rollovers. Because of the way each Annuity is
designed, you may purchase an Annuity for an IRA in connection with a
"rollover" of amounts from a qualified retirement plan, as a transfer from
another IRA or as a current contribution. In 2006 the contribution limit is
$4,000; increasing to $5,000 in 2008. After 2008 the contribution amount will
be indexed for inflation. The tax law also provides for a catch-up provision
for individuals who are age 50 and above. These taxpayers will be permitted to
contribute an additional $500, increasing to $1,000 in 2006 and years
thereafter.
The "rollover" rules under the Code are fairly technical; however, an
individual (or his or her surviving spouse) may generally "roll over" certain
distributions from tax favored retirement plans (either directly or within 60
days from the date of these distributions) if he or she meets the requirements
for distribution. Once you buy an Annuity, you can make regular IRA
contributions under the Annuity (to the extent permitted by law). However, if
you make such regular IRA contributions, you should note that you will not be
able to treat the contract as a "conduit IRA," which means that you will not
retain possible favorable tax treatment if you subsequently "roll over" the
contract funds originally derived from a qualified retirement plan or TDA into
another Section 401(a) plan or TDA.
Required Provisions. Contracts that are IRAs (or endorsements that are
part of the contract) must contain certain provisions:
o You, as owner of the contract, must be the "annuitant" under the contract
(except in certain cases involving the division of property under a decree
of divorce);
o Your rights as owner are non-forfeitable;
o You cannot sell, assign or pledge the contract;
o The annual contribution you pay cannot be greater than the maximum amount
allowed by law, including catch-up contributions if applicable (which does
not include any rollover amounts);
o The date on which required minimum distributions must begin cannot be later
than April 1st of the calendar year after the calendar year you turn age
70 1/2; and
o Death and annuity payments must meet "minimum distribution requirements"
described below.
Usually, the full amount of any distribution from an IRA (including a
distribution from this contract) which is not a rollover is taxable. As taxable
income, these distributions are subject to the general tax withholding rules
described earlier. In addition to this normal tax liability, you may also be
liable for the following, depending on your actions:
o A 10% "early distribution penalty" described below;
o Liability for "prohibited transactions" if you, for example, borrow against
the value of an IRA; or
o Failure to take a minimum distribution also described below.

PRUCO LIFE OF NEW JERSEY ANNUITIES PROSPECTUS

Tax Considerations continued

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SEPs. SEPs are a variation on a standard IRA, and con-
tracts issued to a SEP must satisfy the same general requirements described
under IRAs (above). There are, however, some differences:
o If you participate in a SEP, you generally do not include in income any
employer contributions made to the SEP on your behalf up to the lesser of
(a) $44,000 in 2006 or (b) 25% of your taxable compensation paid by the
contributing employer (not including the employer's SEP contribution as
"compensation" for these purposes). However, for these purposes,
compensation in excess of certain limits established by the IRS will not
be considered. In 2006, this limit is $220,000;
o SEPs must satisfy certain participation and nondiscrimination requirements
not generally applicable to IRAs; and
o SEPs that contain a salary reduction or "SARSEP" provision prior to 1997
may permit salary deferrals up to $15,000 in 2006 with the employer making
these contributions to the SEP. However, no new "salary reduction" or
"SARSEPs" can be established after 1996. Individuals participating in a
SARSEP who are age 50 or above by the end of the year will be permitted to
contribute an additional $5,000 in 2006. Thereafter, the amount is indexed
for inflation. These annuities are not available for SARSEPs.
You will also be provided the same information, and have the same
"free-look" period, as you would have if you purchased the contract for a
standard IRA.
ROTH IRAs. Like standard IRAs, income within a Roth IRA accumulates
tax-free, and contributions are subject to specific limits. Roth IRAs have,
however, the following differences:
o Contributions to a Roth IRA cannot be deducted from your gross income;
o "Qualified distributions" from a Roth IRA are excludable from gross income.
A "qualified distribution" is a distribution that satisfies two
requirements: (1) the distribution must be made (a) after the owner of the
IRA attains age 59 1/2; (b) after the owner's death; (c) due to the owner's
disability; or (d) for a qualified first time homebuyer distribution
within the meaning of Section 72(t)(2)(F) of the Code; and (2) the
distribution must be made in the year that is at least five tax years
after the first year for which a contribution was made to any Roth IRA
established for the owner or five years after a rollover, transfer, or
conversion was made from a traditional IRA to a Roth IRA. Distributions
from a Roth IRA that are not qualified distributions will be treated as
made first from contributions and then from earnings, and taxed generally
in the same manner as distributions from a traditional IRA.
o If eligible (including meeting income limitations and earnings
requirements), you may make contributions to a Roth IRA after attaining
age 70 1/2, and distributions are not required to begin upon attaining such
age or at any time thereafter.
Because of the way each Annuity is designed, if you meet certain income
limitations you may purchase an Annuity for a Roth IRA in connection with a
"rollover" of amounts of another traditional IRA, conduit IRA, SEP, SIMPLE-IRA,
a Roth IRA or with a current contribution. The Code permits persons who meet
certain income limitations (generally, adjusted gross income under $100,000),
who are not married filing a separate return and who receive certain qualifying
distributions from such non-Roth IRAs, to directly rollover or make, within 60
days, a "rollover" of all or any part of the amount of such distribution to a
Roth IRA which they establish. This conversion triggers current taxation (but
is not subject to a 10% early distribution penalty). Once an Annuity has been
purchased, regular Roth IRA contributions will be accepted to the extent
permitted by law.
TDAs. You may own a TDA generally if you are either an employer or
employee of a tax-exempt organization (as defined under Code Section 501
(c)(3)) or a public educational organization, and you may make contributions to
a TDA so long as the employee's rights to the annuity are nonforfeitable.
Contributions to a TDA, and any earnings, are not taxable until distribution.
You may also make contributions to a TDA under a salary reduction agreement,
generally up to a maximum of $15,000 in 2006. Individuals participating in a
TDA who are age 50 or above by the end of the year will be permitted to
contribute an additional $5,000 in 2006. Thereafter, the amount is indexed for
inflation. Further, you may roll over TDA amounts to another TDA or an IRA. You
may also roll over TDA amounts to a qualified retirement plan, a SEP and a 457
government plan. A contract may only qualify as a TDA if distributions (other
than "grandfathered" amounts held as of December 31, 1988) may be made only on
account of:
o Your attainment of age 59 1/2;
o Your severance of employment;
o Your death;

PRUCO LIFE OF NEW JERSEY ANNUITIES PROSPECTUS

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o Your total and permanent disability; or
o Hardship (under limited circumstances, and only related to salary
deferrals, not including earnings attributable to these amounts).
In any event, you must begin receiving distributions from your TDA by
April 1st of the calendar year after the calendar year you turn age 70 1/2 or
retire, whichever is later.
These distribution limits do not apply either to transfers or exchanges of
investments under the contract, or to any "direct transfer" of your interest in
the contract to another TDA or to a mutual fund "custodial account" described
under Code Section 403(b)(7).
Employer contributions to TDAs are subject to the same general
contribution, nondiscrimination, and minimum participation rules applicable to
"qualified" retirement plans.

Minimum Distribution Requirements and Payment Option
If you hold the contract under an IRA (or other tax-favored plan), IRS minimum
distribution requirements must be satisfied. This means that generally payments
must start by April 1 of the year after the year you reach age 70 1/2 and must
be made for each year thereafter. For a Tax Sheltered Annuity this required
beginning date can generally be deferred to after retirement, if later. Roth
IRAs are not subject to these rules during the Owner's lifetime. The amount of
the payment must at least equal the minimum required under the IRS rules.
Several choices are available for calculating the minimum amount. More
information on the mechanics of this calculation is available on request.
Please contact us at a reasonable time before the IRS deadline so that a timely
distribution is made. Please note that there is a 50% tax penalty on the amount
of any minimum distribution not made in a timely manner.
Effective in 2006, in accordance with recent changes in laws and
regulations, required minimum distributions will be calculated based on the sum
of the contract value and the actuarial value of any additional death benefits
and benefits from optional riders that you have purchased under the contract.
As a result, the required minimum distributions may be larger than if the
calculation were based on the contract value only, which may in turn result in
an earlier (but not before the required beginning date) distribution of amounts
under the Annuity and an increased amount of taxable income distributed to the
Annuity owner, and a reduction of death benefits and the benefits of any
optional riders.

You can use the Minimum Distribution option to satisfy the IRS minimum
distribution requirements for an Annuity without either beginning annuity
payments or surrendering the Annuity. We will distribute to you this minimum
distribution amount, less any other partial withdrawals that you made during
the year.
Although the IRS rules determine the required amount to be distributed
from your IRA each year, certain payment alternatives are still available to
you. If you own more than one IRA, you can choose to satisfy your minimum
distribution requirement for each of your IRAs by withdrawing that amount from
any of your IRAs.

Penalty for Early Withdrawals
You may owe a 10% tax penalty on the taxable part of distributions received
from an IRA, SEP, Roth IRA, TDA or qualified retirement plan before you attain
age 59 1/2. Amounts are not subject to this tax penalty if:
o the amount is paid on or after you reach age 59 1/2 or die;
o the amount received is attributable to your becoming disabled; or
o generally the amount paid or received is in the form of substantially equal
payments not less frequently than annually. (Please note that
substantially equal payments must continue until the later of reaching age
59 1/2 or 5 years. Modification of payments during that time period will
result in retroactive application of the 10% tax penalty.)
Other exceptions to this tax may apply. You should consult your tax
advisor for further details.

Withholding
Unless a distribution is an eligible rollover distribution that is "directly"
rolled over into another qualified plan, IRA (including the IRA variations
described above), SEP, 457 government plan or TDA, we will withhold federal
income tax at the rate of 20%. This 20% withholding does not apply to
distributions from IRAs and Roth IRAs. For all other distributions, unless you
elect otherwise, we will withhold federal income tax from the taxable portion
of such distribution at an appropriate percentage. The rate of withholding on
annuity payments where no mandatory withholding is required is determined on
the basis of the withholding certificate that you file with us. If you do not
file a certificate, we will automatically withhold federal taxes on the
following basis:
o For any annuity payments not subject to mandatory withholding, you will
have taxes withheld by us as if you are a married individual, with 3
exemptions; and

PRUCO LIFE OF NEW JERSEY ANNUITIES PROSPECTUS

Tax Considerations continued

- --------------------------------------------------------------------------------

o For all other distributions, we will withhold at a 10% rate.
We will provide you with forms and instructions concerning the right to
elect that no amount be withheld from payments in the ordinary course. However,
you should know that, in any event, you are liable for payment of federal
income taxes on the taxable portion of the distributions, and you should
consult with your tax advisor to find out more information on your potential
liability if you fail to pay such taxes. There may be additional state income
tax withholding requirements.

ERISA Disclosure/Requirements
ERISA (the "Employee Retirement Income Security Act of 1974") and the Code
prevents a fiduciary and other "parties in interest" with respect to a plan
(and, for these purposes, an IRA would also constitute a "plan") from receiving
any benefit from any party dealing with the plan, as a result of the sale of
the contract. Administrative exemptions under ERISA generally permit the sale
of insurance/annuity products to plans, provided that certain information is
disclosed to the person purchasing the contract. This information has to do
primarily with the fees, charges, discounts and other costs related to the
contract, as well as any commissions paid to any agent selling the contract.
Information about any applicable fees, charges, discounts, penalties or
adjustments may be found in the applicable sections of this Prospectus.
Information about sales representatives and commissions may be found in
the sections of this Prospectus addressing distribution of the Annuities.
Please consult your tax advisor if you have any additional questions.

Spousal Consent Rules for Retirement Plans -- Qualified Contracts
If you are married at the time your payments commence, you may be required by
federal law to choose an income option that provides survivor annuity income to
your spouse, unless your spouse waives that right. Similarly, if you are
married at the time of your death, federal law may require all or a portion of
the Death Benefit to be paid to your spouse, even if you designated someone
else as your beneficiary. A brief explanation of the applicable rules follows.
For more information, consult the terms of your retirement arrangement.
Defined Benefit Plans and Money Purchase Pension Plans. If you are married
at the time your payments commence, federal law requires that benefits be paid
to you in the form of a "qualified joint and survivor annuity" (QJSA), unless
you and your spouse waive that right, in writing. Generally, this means that
you will receive a reduced payment during your life and, upon your death, your
spouse will receive at least one-half of what you were receiving for life. You
may elect to receive another income option if your spouse consents to the
election and waives his or her right to receive the QJSA. If your spouse
consents to the alternative form of payment, your spouse may not receive any
benefits from the plan upon your death. Federal law also requires that the plan
pay a Death Benefit to your spouse if you are married and die before you begin
receiving your benefit. This benefit must be available in the form of an
annuity for your spouse's lifetime and is called a "qualified pre-retirement
survivor annuity" (QPSA). If the plan pays Death Benefits to other
beneficiaries, you may elect to have a beneficiary other than your spouse
receive the Death Benefit, but only if your spouse consents to the election and
waives his or her right to receive the QPSA. If your spouse consents to the
alternate beneficiary, your spouse will receive no benefits from the plan upon
your death. Any QPSA waiver prior to your attaining age 35 will become null and
void on the first day of the calendar year in which you attain age 35, if still
employed.
Defined Contribution Plans (including 401(k) Plans and ERISA 403(b)
Annuities). Spousal consent to a distribution is generally not required. Upon
your death, your spouse will receive the entire Death Benefit, even if you
designated someone else as your beneficiary, unless your spouse consents in
writing to waive this right. Also, if you are married and elect an annuity as a
periodic income option, federal law requires that you receive a QJSA (as
described above), unless you and your spouse consent to waive this right.
IRAs, non-ERISA 403(b) Annuities, and 457 Plans. Spousal consent to a
distribution usually is not required. Upon your death, any Death Benefit will
be paid to your designated beneficiary.

Additional Information
For additional information about federal tax law requirements applicable to tax
favored plans, see the IRA Disclosure Statement.

PRUCO LIFE OF NEW JERSEY ANNUITIES PROSPECTUS

General Information
- --------------------------------------------------------------------------------

HOW WILL I RECEIVE STATEMENTS AND REPORTS?
We send any statements and reports required by applicable law or regulation to
you at your last known address of record. You should therefore give us prompt
notice of any address change. We reserve the right, to the extent permitted by
law and subject to your prior consent, to provide any prospectus, prospectus
supplements, confirmations, statements and reports required by applicable law
or regulation to you through our Internet Website at www.prudential.com or any
other electronic means, including diskettes or CD ROMs. We send a confirmation
statement to you each time a transaction is made affecting Account Value, such
as making additional Purchase Payments, transfers, exchanges or withdrawals. We
also send quarterly statements detailing the activity affecting your Annuity
during the calendar quarter. We may confirm regularly scheduled transactions,
such as the Annual Maintenance Fee, Systematic Withdrawals (including 72(t)
payments and required minimum distributions), electronic funds transfer, Dollar
Cost Averaging, and static rebalancing, in quarterly statements instead of
confirming them immediately. You should review the information in these
statements carefully. You may request additional reports. We reserve the right
to charge up to $50 for each such additional report. We may also send an annual
report and a semi-annual report containing applicable financial statements for
the Separate Account and the Portfolios, as of December 31 and June 30,
respectively, to Owners or, with your prior consent, make such documents
available electronically through our Internet Website or other electronic
means.

WHAT IS PRUCO LIFE OF NEW JERSEY?
Pruco Life Insurance Company of New Jersey (Pruco Life of New Jersey) is a
stock life insurance company organized in 1982 under the laws of the State of
New Jersey. It is licensed to sell life insurance and annuities in New Jersey
and New York, and accordingly is subject to the laws of each of those states.
Pruco Life of New Jersey is an indirect wholly-owned subsidiary of The
Prudential Insurance Company of America (Prudential), a New Jersey stock life
insurance company doing business since 1875. Prudential is an indirect
wholly-owned subsidiary of Prudential Financial, Inc. (Prudential Financial), a
New Jersey insurance holding company. As Pruco Life of New Jersey's ultimate
parent, Prudential Financial exercises significant influence over the
operations and capital structure of Pruco Life of New Jersey and Prudential.
However, neither Prudential Financial, Prudential, nor any other related
company has any legal responsibility to pay amounts that Pruco Life of New
Jersey may owe under the contract.
Pruco Life of New Jersey publishes annual and quarterly reports that are
filed with the SEC. These reports contain financial information about Pruco
Life of New Jersey that is annually audited by independent accountants. Pruco
Life of New Jersey's annual report for the year ended December 31, 2005,
together with subsequent periodic reports that Pruco Life of New Jersey files
with the SEC, are incorporated by reference into this prospectus. You can
obtain copies, at no cost, of any and all of this information, including the
Pruco Life of New Jersey annual report that is not ordinarily mailed to
contract owners, the more current reports and any subsequently filed documents
at no cost by contacting us at the address or telephone number listed on the
cover. The SEC file number for Pruco Life of New Jersey is 33-18053. You may
read and copy any filings made by Pruco Life of New Jersey with the SEC at the
SEC's Public Reference Room at 100 F Street, N.E. Washington, D.C. 20549. You
can obtain information on the operation of the Public Reference Room by calling
(202) 942-8090. The SEC maintains an Internet site that contains reports, proxy
and information statements, and other information regarding issuers that file
electronically with the SEC at www.sec.gov.

WHAT IS THE SEPARATE ACCOUNT?
We have established a separate account, the Pruco Life of New Jersey Flexible
Premium Variable Annuity Account (separate account), to hold the assets that
are associated with the variable annuity contracts. The separate account was
established under New Jersey law on May 20, 1996, and is registered with the
SEC under the Investment Company Act of 1940 as a unit investment trust, which
is a type of investment company. The assets of the separate account are held in
the name of Pruco Life of New Jersey and legally belong to us. These assets are
kept separate from all of our other assets and may not be charged with
liabilities arising out of any other business we may conduct. More detailed
information about Pruco Life of New Jersey, including its audited consolidated
financial statements, is provided in the Statement of Additional Information.

PRUCO LIFE OF NEW JERSEY ANNUITIES PROSPECTUS

General Information continued

- --------------------------------------------------------------------------------

WHAT IS THE LEGAL STRUCTURE OF THE UNDERLYING FUNDS?
Each underlying mutual fund is registered as an open-end management investment
company under the Investment Company Act. Shares of the underlying mutual fund
portfolios are sold to separate accounts of life insurance companies offering
variable annuity and variable life insurance products. The shares may also be
sold directly to qualified pension and retirement plans.

Voting Rights
We are the legal owner of the shares of the underlying mutual funds in which
the Sub-accounts invest. However, under SEC rules, you have voting rights in
relation to Account Value maintained in the Sub-accounts. If an underlying
mutual fund portfolio requests a vote of shareholders, we will vote our shares
based on instructions received from Owners with Account Value allocated to that
Sub-account. Owners have the right to vote an amount equal to the number of
shares attributable to their contracts. If we do not receive voting
instructions in relation to certain shares, we will vote those shares in the
same manner and proportion as the shares for which we have received
instructions. We will furnish those Owners who have Account Value allocated to
a Sub-account whose underlying mutual fund portfolio has requested a "proxy"
vote with proxy materials and the necessary forms to provide us with their
voting instructions. Generally, you will be asked to provide instructions for
us to vote on matters such as changes in a fundamental investment strategy,
adoption of a new investment advisory agreement, or matters relating to the
structure of the underlying mutual fund that require a vote of shareholders.
American Skandia Trust (the "Trust") has obtained an exemption from the
Securities and Exchange Commission that permits its co-investment advisers,
American Skandia Investment Services, Incorporated ("ASISI") and Prudential
Investments LLC, subject to approval by the Board of Trustees of the Trust, to
change sub-advisors for a Portfolio and to enter into new sub-advisory
agreements, without obtaining shareholder approval of the changes. This
exemption (which is similar to exemptions granted to other investment companies
that are organized in a similar manner as the Trust) is intended to facilitate
the efficient supervision and management of the sub-advisors by ASISI,
Prudential Investments LLC and the Trustees. The Trust is required, under the
terms of the exemption, to provide certain information to shareholders
following these types of changes. We may add new Sub-accounts that invest in a
series of underlying funds other than the Trust that is managed by an
affiliate. Such series of funds may have a similar order from the SEC. You also
should review the prospectuses for the other underlying funds in which various
Sub-accounts invest as to whether they have obtained similar orders from the
SEC.

Material Conflicts
It is possible that differences may occur between companies that offer shares
of an underlying mutual fund portfolio to their respective separate accounts
issuing variable annuities and/or variable life insurance products. Differences
may also occur surrounding the offering of an underlying mutual fund portfolio
to variable life insurance policies and variable annuity contracts that we
offer. Under certain circumstances, these differences could be considered
"material conflicts," in which case we would take necessary action to protect
persons with voting rights under our variable annuity contracts and variable
life insurance policies against persons with voting rights under other
insurance companies' variable insurance products. If a "material conflict" were
to arise between owners of variable annuity contracts and variable life
insurance policies issued by us we would take necessary action to treat such
persons equitably in resolving the conflict. "Material conflicts" could arise
due to differences in voting instructions between owners of variable life
insurance and variable annuity contracts of the same or different companies. We
monitor any potential conflicts that may exist.

Service Fees Payable to Pruco Life of New Jersey
Pruco Life of New Jersey or our affiliates have entered into agreements with
the investment adviser or distributor of certain underlying portfolios. Under
the terms of these agreements, Pruco Life of New Jersey may provide
administrative and support services to the portfolios for which it receives a
fee of up to 0.55% annually (as of May 2, 2005) of the average assets allocated
to the portfolios from the investment adviser, distributor and/or the fund.
These agreements may be different for each underlying mutual fund whose
portfolios are offered as Sub-accounts.
In addition, the investment adviser, sub-advisor or distributor of the
underlying Portfolios may also compensate us by providing reimbursement or
paying directly for, among other things, marketing and/or administrative
services and/or other services they provide in connection with each Annuity.
These services may include, but are not limited to: co-sponsoring vari-

PRUCO LIFE OF NEW JERSEY ANNUITIES PROSPECTUS

- --------------------------------------------------------------------------------

ous meetings and seminars attended by broker-dealer firms' registered
representatives and creating marketing material discussing each Annuity and the
available options.

WHO DISTRIBUTES ANNUITIES OFFERED BY PRUCO LIFE OF NEW JERSEY?
Prudential Investment Management Services LLC (PIMS), a wholly-owned subsidiary
of Prudential Financial, Inc., is the distributor and principal underwriter of
the Annuities offered through this prospectus. PIMS acts as the distributor of
a number of annuity contracts and life insurance products we offer.
PIMS's principal business address is 100 Mulberry Street, Newark, New
Jersey 07102-4077. PIMS is registered as a broker/dealer under the Securities
Exchange Act of 1934 (Exchange Act) and is a member of the National Association
of Securities Dealers, Inc. (NASD).
Each Annuity is offered on a continuous basis. PIMS enters into
distribution agreements with broker/dealers who are registered under the
Exchange Act and with entities that may offer the Annuity but are exempt from
registration (firms). Applications for each Annuity are solicited by registered
representatives of those firms. Such representatives will also be our appointed
insurance agents under state insurance law. In addition, PIMS may offer the
Annuity directly to potential purchasers.
Commissions are paid to firms on sales of the Annuity according to one or
more schedules. The individual representative will receive a portion of the
compensation, depending on the practice of his or her firm. Commissions are
generally based on a percentage of Purchase Payments made, up to a maximum of
5.50% for the L Series, 6.0% for the X Series and 7.0% for the B Series.
Alternative compensation schedules are available that provide a lower initial
commission plus ongoing annual compensation based on all or a portion of
Account Value. We may also provide compensation to the distributing firm for
providing ongoing service to you in relation to the Annuity. Commissions and
other compensation paid in relation to the Annuity do not result in any
additional charge to you or to the separate account.
In addition, in an effort to promote the sale of our products (which may
include the placement of Pruco Life of New Jersey and/or the Annuity on a
preferred or recommended company or product list and/or access to the firm's
registered representatives), we or PIMS may enter into compensation
arrangements with certain broker/dealers firms with respect to certain or all
registered representatives of such firms under which such firms may receive
separate compensation or reimbursement for, among other things, training of
sales personnel and/or marketing and/or administrative services and/or other
services they provide to us or our affiliates. These services may include, but
are not limited to: educating customers of the firm on the Annuity's features;
conducting due diligence and analysis; providing office access, operations and
systems support; holding seminars intended to educate registered
representatives and make them more knowledgeable about the Annuity; providing a
dedicated marketing coordinator; providing priority sales desk support; and
providing expedited marketing compliance approval and preferred programs to
PIMS. A list of firms that PIMS paid pursuant to such arrangements is provided
in the Statement of Additional Information which is available upon request.
To the extent permitted by NASD rules and other applicable laws and
regulations, PIMS may pay or allow other promotional incentives or payments in
the form of cash or non-cash compensation. These arrangements may not be
offered to all firms and the terms of such arrangements may differ between
firms.
You should note that firms and individual registered representatives and
branch managers with some firms participating in one of these compensation
arrangements might receive greater compensation for selling the contract than
for selling a different Annuity that is not eligible for these compensation
arrangements. While compensation is generally taken into account as an expense
in considering the charges applicable to a contract product, any such
compensation will be paid by us or PIMS and will not result in any additional
charge to you. Your registered representative can provide you with more
information about the compensation arrangements that apply upon the sale of the
Annuity.
On July 1, 2003, Prudential Financial combined its retail securities
brokerage and clearing operations with those of Wachovia Corporation
("Wachovia") and formed Wachovia Securities Financial Holdings, LLC ("Wachovia
Securities"), a joint venture headquartered in Richmond, Virginia. Prudential
Financial has a 38% ownership interest in the joint venture, while Wachovia
owns the remaining 62%.
Wachovia Securities is a national retail brokerage organization providing
securities brokerage and financial advisory services to individuals and
businesses. Wachovia and Wachovia Securities are key distribution partners for
certain products of Prudential Financial affiliates, including mutual funds and
indi-

PRUCO LIFE OF NEW JERSEY ANNUITIES PROSPECTUS

General Information continued

- --------------------------------------------------------------------------------

vidual annuities that are distributed through their financial advisors, bank
channel and independent channel. In addition, Prudential Financial is a service
provider to the managed account platform and certain wrap-fee programs offered
by Wachovia Securities.

FINANCIAL STATEMENTS
The financial statements of the separate account and Pruco Life of New Jersey
are included in the Statement of Additional Information.

HOW TO CONTACT US
You can contact us by:
o calling our Customer Service Team at 1-888-PRU-2888 during our normal
business hours, 8:30 a.m. EST to 8:00 p.m. EST, Monday through Friday,
o writing to us via regular mail at Prudential Annuity Service Center, P.O.
Box 7960, Philadelphia, PA 19176. NOTE: Failure to send mail to the proper
address may result in a delay in our receiving and processing your
request.
o accessing information about your Annuity through our Internet Website at
www.prudential.com.
You can obtain account information by calling our automated response
system and at www.prudential.com, our Internet Website. Our Customer Service
representatives are also available during business hours to provide you with
information about your account. You can request certain transactions through
our telephone voice response system, our Internet Website or through a customer
service representative. You can provide authorization for a third party,
including your attorney-in-fact acting pursuant to a power of attorney, to
access your account information and perform certain transactions on your
account. You will need to complete a form provided by us which identifies those
transactions that you wish to authorize via telephonic and electronic means and
whether you wish to authorize a third party to perform any such transactions.
Please note that unless you tell us otherwise, we deem that all transactions
that are directed by your Financial Professional with respect to your Annuity
have been authorized by you. We require that you or your representative provide
proper identification before performing transactions over the telephone or
through our Internet Website. This may include a Personal Identification Number
(PIN) that will be provided to you upon issue of your Annuity or you may
establish or change your PIN by calling our automated response system and at
www.prudential.com, our Internet Website. Any third party that you authorize to
perform financial transactions on your account will be assigned a PIN for your
account.
Transactions requested via telephone are recorded. To the extent permitted
by law, we will not be responsible for any claims, loss, liability or expense
in connection with a transaction requested by telephone or other electronic
means if we acted on such transaction instructions after following reasonable
procedures to identify those persons authorized to perform transactions on your
Annuity using verification methods which may include a request for your Social
Security number, PIN or other form of electronic identification. We may be
liable for losses due to unauthorized or fraudulent instructions if we did not
follow such procedures.
Pruco Life of New Jersey does not guarantee access to telephonic,
facsimile, Internet or any other electronic information or that we will be able
to accept transaction instructions via such means at all times. Regular and/or
express mail will be the only means by which we will accept transaction
instructions when telephonic, facsimile, Internet or any other electronic means
are unavailable or delayed. Pruco Life of New Jersey reserves the right to
limit, restrict or terminate telephonic, facsimile, Internet or any other
electronic transaction privileges at any time.

INDEMNIFICATION
Insofar as indemnification for liabilities arising under the Securities Act of
1933 (the "Securities Act") may be permitted to directors, officers or persons
controlling the registrant pursuant to the foregoing provisions, the registrant
has been informed that in the opinion of the SEC such indemnification is
against public policy as expressed in the Securities Act and is therefore
unenforceable.

LEGAL PROCEEDINGS
Pruco Life of New Jersey is subject to legal and regulatory actions in the
ordinary course of its businesses, which may include class action lawsuits.
Pending legal and regulatory actions include proceedings relating to aspects of
the businesses and operations that are specific to Pruco Life of New Jersey and
that are typical of the businesses in which Pruco Life of New Jersey operates.
Class action and individual lawsuits may involve a variety of issues and/or
allegations, which include sales practices, underwriting practices, claims
payment and procedures, premium charges, policy servicing and breach of
fiduciary duties to customers. We may also be subject to litigation arising out
of our general business activities, such as our investments and third party
contracts. In certain of these matters, the plaintiffs may seek large and/or
indeterminate amounts, including punitive or exemplary damages.

PRUCO LIFE OF NEW JERSEY ANNUITIES PROSPECTUS

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Pruco Life of New Jersey has received formal requests for information
relating to its variable annuity business and unregistered separate accounts
from regulators, including, among others, the Securities and Exchange Commission
and the State of New York Attorney General's Office. As part of a broad
initiative by the National Association of Insurance Commissioners, Pruco Life of
New Jersey has received a request for information from the New Jersey Department
of Banking and Insurance related to producer compensation and fee arrangements.
It is possible that other regulators will issue similar requests. Pruco Life is
cooperating with all such inquiries.

Pruco of New Jersey's litigation is subject to many uncertainties, and
given the complexity and scope, the outcomes cannot be predicted. It is
possible that the results of operations or the cash flow of Pruco Life of New
Jersey in a particular quarterly or annual period could be materially affected
by an ultimate unfavorable resolution of litigation and regulatory matters.
Management believes, however, that the ultimate outcome of all pending
litigation and regulatory matters should not have a material adverse effect on
Pruco Life of New Jersey's financial position.

PRUCO LIFE OF NEW JERSEY ANNUITIES PROSPECTUS

General Information continued

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CONTENTS OF THE STATEMENT OF ADDITIONAL INFORMATION
The following are the contents of the Statement of Additional Information:
o Company
o Experts
o Principal Underwriter
o Payments Made to Promote Sale of Our Products
o Allocation of Initial Purchase Payment
o Determination of Accumulation Unit Values
o Federal Tax Status
o State Specific Variations
o Financial Statements

APPENDIX A PRUCO LIFE OF NEW JERSEY ANNUITIES PROSPECTUS

Appendix A -- Selecting the Variable Annuity That's Right for You
- --------------------------------------------------------------------------------

Pruco Life Insurance Company of New Jersey offers several deferred variable
annuity products. Each annuity has different features and benefits that may be
appropriate for you based on your individual financial situation and how you
intend to use the annuity. Not all of these annuities may be available to you,
depending on your state of residence and/or the broker-dealer through which your
annuity was sold. You can verify which of these annuities is available to you by
speaking to your Financial Professional, or calling 1-888-PRU-2888.

The different features and benefits may include variations on your ability to
access funds in your annuity without the imposition of a withdrawal charge as
well as different ongoing fees and charges you pay to stay in the contract.
Additionally, differences may exist on various optional benefits such as
guaranteed living benefits or Death Benefit protection.

Among the factors you should consider when choosing which annuity product may
be most appropriate for your individual needs are the following:

o Your age;
o The amount of your investment and any planned future deposits into the
annuity;
o How long you intend to hold the annuity (also referred to as investment
time horizon);
o Your desire to make withdrawals from the annuity;
o Your investment return objectives;
o The effect of optional benefits that may be elected, and
o Your desire to minimize costs and/or maximize return associated with the
annuity.

The following chart outlines some of the different features for each actively
sold Pruco Life of New Jersey Annuity. The availability of optional features,
such as those noted in the chart, may increase the cost of the contract.
Therefore you should carefully consider which features you plan to use when
selecting your annuity. You should also consider the investment objectives,
risks, charges and expenses of an investment carefully before investing.

In addition, the hypothetical illustrations below reflect the Account Value and
surrender value of each variable annuity over a variety of holding periods.
These charts are meant to reflect how your annuities can grow or decrease
depending on market conditions and the comparable value of each of the
annuities (which reflects the charges associated with the annuities) under the
assumptions noted.

Your registered Financial Professional can provide you with the prospectus for
the Annuities, and can guide you to Selecting the Variable Annuity That's Right
for You.

Pruco Life of New Jersey Annuity Product Comparison

Below is a summary of Pruco of New Jersey's actively-sold annuity products.
Premier X refers to Prudential Premier Variable Annuity X Series, Premier L
refers to Prudential Premier Variable Annuity L Series and Premier B refers to
Prudential Premier Variable Annuity B Series. You should consider the
investment objectives, risks, charges and expenses of an investment in any
Annuity carefully before investing. The Annuity prospectus as well as the
underlying portfolio prospectuses contains this and other information about the
variable annuities and underlying investment options. Your registered Financial
Professional can provide you with the prospectus for the Annuities, and the
underlying portfolios and can help you decide upon the Annuity that would be
most advantageous for you given your individual needs. Please read the
prospectuses carefully before investing.

A-1

APPENDIX A PRUCO LIFE OF NEW JERSEY ANNUITIES PROSPECTUS

Appendix A -- Selecting the Variable Annuity That's Right for You continued
- --------------------------------------------------------------------------------

- ----------------------------------------------------------------------------------------------------
Premier X Series Premier L Series Premier B Series
- ----------------------------------------------------------------------------------------------------

Minimum Investment $10,000 $10,000 $1,000
- ----------------------------------------------------------------------------------------------------
Maximum Issue Age 75 85 85
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Contingent Deferred 9 Years (based 4 Years (based 7 Years (based
Sales Charge Schedule on date of each on date of each on date of each
purchase payment) purchase payment) purchase payment)
(9%, 8.5%, 8%, 7%, (7%, 7%, 6%, 5%) (7%, 6%, 5%, 4%,
6%, 5%, 4%, 3%, 2%) 3%, 2%, 1%)
- ----------------------------------------------------------------------------------------------------
Insurance and 1.55% 1.50% 1.15%
Administration Charge
- ----------------------------------------------------------------------------------------------------
Contract Charges Lesser of $30 or 2% Lesser of $30 or 2% Lesser of $30 or 2%
of Account Value* of Account Value* of Account Value*
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Purchase Credit For Purchase No No
Payments made up
to and including age
80, 5%, regardless
of the purchase
payment amount
For Purchase
Payments between
81-85, 3%,
regardless of the
payment amount.
Recaptured on (i)
free-look, or (ii) death
occurring within 12
months after date
credit is applied.
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Longevity Credit 0.40% or the sum No No
of all Purchase
Payments that have
been in the Annuity
for more than 9 years
less the cumulative
amount of withdrawals
made (including
CDSC) through the
end of the period.
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Fixed Rate Account Currently offering Currently offering Currently offering
duration of 1 year duration of 1 year duration of 1 year
only. only. only.
- ----------------------------------------------------------------------------------------------------
Variable Investment American Skandia AST AST
Options Trust (AST)
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A-2

APPENDIX A PRUCO LIFE OF NEW JERSEY ANNUITIES PROSPECTUS

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Basic Death Benefit The greater of: The greater of: The greater of:
Purchase Payments Purchase Payments Purchase Payments
minus proportional minus proportional minus proportional
withdrawals; and withdrawals; and withdrawals; and
unadjusted Account unadjusted Account unadjusted Account
Value, less an Value Value
amount equal to all
credits applied within
12 months prior to
the date of death
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Optional Death Highest Anniversary HAV HAV
Benefits (for an Value (HAV)
additional cost)(1)
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Living Benefits (for an Guaranteed GMIB/LT5/SLT5 GMIB/LT5/SLT5
additional cost)(2) Minimum Income
Benefit (GMIB)/
Lifetime Five (LT5)/
Spousal Lifetime Five
(SLT5)
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Hypothetical Illustration

The following examples outline the value of each Annuity as well as the amount
that would be available to an investor as a result of full surrender at the end
of each of the annuity years specified. The values shown below are based on the
following assumptions:

An initial investment of $100,000 is made into each Annuity earning a gross
rate of return of 0% and 6% respectively.

o No subsequent deposits or withdrawals are made from the Annuity.
o The hypothetical gross rates of return are reduced by the arithmetic
average of the fees and expenses of the underlying portfolios and the
charges that are deducted from the Annuity at the Separate Account level
as follows:
- __% based on the fees and expenses of the underlying portfolios as of
December 31, 2005. The arithmetic average of all fund expenses is
computed by adding portfolio management fees, 12b-1 fees and other
expenses of all of the underlying portfolios and then dividing by the
number of portfolios. For purposes of the illustrations, we do not
reflect any expense reimbursements or expense waivers that might
apply and are described in the prospectus fee table.
- The Separate Account level charges refer to the Insurance and
Administration Charge.
o The Annuity Value and Surrender Value are further reduced by the annual
maintenance fee. For Premier X Share, the Annuity Value and Surrender
Value also reflect the addition of any applicable Purchase Credits.

The Annuity Value displays the current Account Value assuming no surrender,
while the Surrender Value assumes a 100% surrender on the day after the Annuity
anniversary, therefore, reflecting the decrease in surrender charge where
applicable. The surrender charge is calculated based on the date that the
Purchase Payment was made and for purposes of these illustrations, we assume
that a single purchase payment of $100,000 was made on the Issue Date. The
values that you actually experience under an Annuity will be different from
what is depicted here if any of the assumptions we make here differ from your
circumstances, however the relative values for each product reflected below
will remain the same. (We will provide you with a personalized illustration
upon request). Shaded cells represent the product with the highest customer
Surrender Value for the Annuity Year. Multiple shaded cells represent a tie
between two or more annuities. The L Series annuity, in light of its contingent
deferred sales charges and insurance charge, and the fact that (unlike the X
Series) it does not offer a Purchase Credit, has the highest surrender value of
the three Annuities only in year five. Thus, with regard to surrender value
alone, either the B Series or the X Series will provide higher surrender values
in years other than year 5. On the other hand, the L Series offers more

A-3

APPENDIX A PRUCO LIFE OF NEW JERSEY ANNUITIES PROSPECTUS

Appendix A -- Selecting the Variable Annuity That's Right for You continued
- --------------------------------------------------------------------------------

flexibility with regard to the optional death benefit than the B Series and X
Series. For the B Series and the X Series, the HAV Death Benefit may not be
terminated once elected. In contrast, as detailed in the prospectus, the L
Series permits the first-time election of the HAV Death Benefit, and the
termination of that death benefit, on the fifth Annuity anniversary and each
Annuity anniversary thereafter (but not later than the tenth Annuity
anniversary). Please note, however, that the HAV Death Benefit is not available
with the Spousal Lifetime Five benefit on any annuity, so unless you elect to
terminate the Spousal Lifetime Five benefit on the L Series at the time you
choose to elect the HAV Death Benefit, the HAV Death Benefit will not be
permitted.

0% Gross Rate of Return

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Premier X Share Premier L Share Premier B Share
- ---------------------------------------------------------------------------------
Annuity Surrender Annuity Surrender Annuity Surrender
Yr Value Value Value Value Value Value
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1
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Assumptions:
1. $100,000 initial investment
2. Fund Expenses = ____%
3. No optional death benefits or living benefits elected
* - Contract charges are waived for Account Values of $100,000 or more.
1) For more information on these benefits, refer to the "Death Benefit" section
in the Prospectus.
2) For more information on these benefits, refer to the "Living Benefit
Programs" section in the Prospectus.
3) These reductions result in hypothetical net rates of return corresponding to
the 0% and 6% gross rates of return, respectively as follows: ______________

A-4

APPENDIX A PRUCO LIFE OF NEW JERSEY ANNUITIES PROSPECTUS

- --------------------------------------------------------------------------------

6% Gross Rate of Return

A-5
This prospectus is currently being reviewed by the SEC staff, and is being
provided solely for reference purposes to certain selling broker-dealers. No
offers or sales of any of the features discussed in this draft supplement are
permitted. For internal use only.

This page intentionally left blank

STATEMENT OF ADDITIONAL INFORMATION

MAY 1, 2006

PRUCO LIFE OF NEW JERSEY FLEXIBLE PREMIUM VARIABLE ANNUITY ACCOUNT
VARIABLE ANNUITY CONTRACTS

The Prudential Premier Variable Annuity B Series(SM) ("B Series"),
Prudential Premier Variable Annuity L Series(SM) ("L Series"), and Prudential
Premier Variable Annuity X Series(SM) ("X Series") annuity contracts (the
"Annuities" or the "Annuity") are individual variable annuity contracts issued
by Pruco Life Insurance Company of New Jersey ("Pruco Life of New Jersey"), a
stock life insurance company that is an indirect wholly-owned subsidiary of The
Prudential Insurance Company of America ("Prudential") and is funded through the
Pruco Life of New Jersey Flexible Premium Variable Annuity Account (the
"Account"). Each Annuity is purchased by making an initial purchase payment of
$10,000 or more (except for the B Series, which has a $1,000 minimum initial
purchase payment). With some restrictions, you can make additional purchase
payments by means other than electronic fund transfer of no less than $100 at
any time during the accumulation phase. However, we impose a minimum of $50 with
respect to additional purchase payments made through electronic fund transfers.

This Statement of Additional Information is not a prospectus and should be
read in conjunction with the B Series, L Series, and X Series prospectus dated
May 1, 2006. To obtain a copy of the prospectus, without charge, you can write
to the Prudential Annuity Service Center, P.O. Box 7960, Philadelphia,
Pennsylvania 19176, or contact us by telephone at (888) PRU-2888.

TABLE OF CONTENTS

Page

Company........................................................................2
Experts........................................................................2
Principal Underwriter..........................................................2
Payments Made to Promote Sale of Our Products..................................2
Allocation of Initial Purchase Payment.........................................4
Determination of Accumulation Unit Values......................................4
Federal Tax Status.............................................................5
Financial Statements...........................................................5
Separate Account Financial Information........................................A1
Company Financial Information.................................................B1

Pruco Life Insurance Company Prudential Annuity Service Center
Of New Jersey P.O. Box 7960
213 Washington Street Philadelphia, Pennsylvania 19176
Newark, NJ 07102-2992 Telephone: (888) PRU-2888

Prudential Premier Variable Annuity B Series(SM), Prudential Premier Variable
Annuity L Series(SM), and Prudential Premier Variable Annuity X Series(SM) are
service marks of The Prudential Insurance Company of America.

ORD1142NYB Ed. 05/01/2006

COMPANY

Pruco Life Insurance Company of New Jersey ("Pruco Life of New Jersey") is
a stock life insurance company organized in 1982 under the laws of the State of
New Jersey. Pruco Life of New Jersey is licensed to sell life insurance and
annuities in the states of New Jersey and New York.

Pruco Life of New Jersey is a wholly-owned subsidiary of Pruco Life
Insurance Company, which is a wholly-owned subsidiary of The Prudential
Insurance Company of America ("Prudential"), a stock life insurance company
founded in 1875 under the laws of the State of New Jersey. Prudential is an
indirect wholly-owned subsidiary of Prudential Financial, Inc. ("Prudential
Financial"), a New Jersey insurance holding company.

EXPERTS

The financial statements of Pruco Life of New Jersey as of December 31,
2005 and 2004 and for each of the three years in the period ended December 31,
2005 and the financial statements of the Pruco Life of New Jersey Flexible
Premium Variable Annuity Account as of December 31, 2005 and for each of the two
years in the period then ended included in this Statement of Additional
Information have been so included in reliance on the reports of
PricewaterhouseCoopers LLP, an independent registered public accounting firm,
given on the authority of said firm as experts in auditing and accounting.
PricewaterhouseCoopers LLP's principal business address is 300 Madison Avenue,
New York, New York 10017.

PRINCIPAL UNDERWRITER

Prudential Investment Management Services LLC ("PIMS"), an indirect
wholly-owned subsidiary of Prudential Financial, offers each Annuity on a
continuous basis through corporate office and regional home office employees in
those states in which annuities may be lawfully sold. It may also offer the
Annuities through licensed insurance brokers and agents, or through
appropriately registered affiliates of Prudential, provided clearances to do so
are obtained in any jurisdiction where such clearances may be necessary.

As discussed in the prospectus, Pruco Life of New Jersey pays commissions
to broker/dealers that sell the Annuities according to one or more schedules,
and also may pay non-cash compensation. In addition, Pruco Life of New Jersey
may pay trail commissions to registered representatives who maintain an ongoing
relationship with an annuity owner. Typically, a trail commission is
compensation that is paid periodically to a representative, the amount of which
is linked to the value of the Annuities and the amount of time that the
Annuities have been in effect.

PAYMENTS MADE TO PROMOTE SALE OF OUR PRODUCTS

In an effort to promote the sale of our products (which may include the
placement of Pruco Life of New Jersey and/or each Annuity on a preferred or
recommended company or product list and/or access to the firm's registered
representatives), we or PIMS may enter into compensation arrangements with
certain broker/dealer firms with respect to certain or all registered
representatives of such firms under which such firms may receive separate
compensation or reimbursement for, among other things, training of sales
personnel and/or marketing, administrative services and/or other services they
provide. These services may include, but are not limited to: educating customers
of the firm on each Annuity's features; conducting due diligence and analysis,
providing office access, operations and systems support; holding seminars
intended to educate the firm's registered representatives and make them more
knowledgeable about the annuity; providing a dedicated marketing coordinator;
providing priority sales desk support; and providing expedited marketing
compliance approval. To the extent permitted by NASD rules and other applicable
laws and regulations, PIMS may pay or allow other promotional incentives or
payments in the form of cash or non-cash compensation. These arrangements may
not be offered to all firms and the terms of such arrangements may differ
between firms.

The list below identifies three general types of payments that PIMS pays
which are broadly defined as follows:

o Percentage Payments based upon "Assets under Management" or "AUM":
This type of payment is a percentage payment that is based upon the
total amount held in all Pruco Life of New Jersey products that were
sold through the firm (or its affiliated broker/dealers).

o Percentage Payments based upon sales: This type of payment is a
percentage payment that is based upon the total amount of money received
as purchase payments under Pruco Life of New Jersey annuity products
sold through the firm (or its affiliated broker/dealers).

o Fixed payments: These types of payments are made directly to or in
sponsorship of the firm (or its affiliated broker/dealers). Examples of
arrangements under which such payments may be made currently include,
but are not limited to: sponsorships, conferences (national, regional
and top producer), speaker fees, promotional items, and reimbursements
to firms for marketing activities or services paid by the firms and/or
their individual representatives. The amount of these payments varies
widely because some payments may encompass only a single event, such as
a conference, and others have a much broader scope. In addition, we may
make payments upon the initiation of a relationship for systems,
operational and other support.

The list below includes the names of the firms (or their affiliated
broker/dealers) that we are aware (as of May 1, 2006) received payment of more
than $10,000 under one or more of these types of arrangements during the last
calendar year or that have received or are expected to receive such payment
during the current calendar year. The firms listed below include payments in
connection with products issued by Pruco Life Insurance Company and Pruco Life
Insurance Company of New Jersey. Your registered representative can provide you
with more information about the compensation arrangements that apply upon the
sale of the Annuity.

Name of Firm:
AIG (part of the AIG selling network)*
Citigroup Global Markets, Inc.
Financial Network Investment Corp. (part of the ING selling network)*
FSC Securities Corporation (part of the AIG selling network)*
ING Financial Partners (part of the ING selling network)*
Merrill Lynch
Multi-Financial Securities Corporation (part of the ING selling network)*
Primevest Financial Services, Inc. (part of the ING selling network)*
Pruco Securities, LLC**
Royal Alliance Associates, Inc. (part of the AIG selling network)*
SunAmerica Securities, Inc. (part of the AIG selling network)*
UBS Financial Services
Wachovia Securities, LLC*

- --------------
* Also includes payments in connection with products issued by American Skandia
Life Assurance Corporation, a Prudential Financial affiliate.

** Also includes payments in connection with products issued by The Prudential
Insurance Company of America.

ALLOCATION OF INITIAL PURCHASE PAYMENT

As discussed in the prospectus, we generally will credit the initial
purchase payment to your Annuity within two business days from the day on which
we receive your payment in good order at the Prudential Annuity Service Center.
However, we may employ a different procedure than this if your Annuity purchase
is in the form of several amounts originating from different sources.
Specifically, if the first of such sums that we receive amounts to less than the
minimum initial purchase payment, but you have indicated that other sums are
forthcoming that, when aggregated, will equal or exceed the minimum, then with
your consent we will hold

such amount in our general account, without interest, for up to 90 days pending
receipt of such additional sums and other required documentation. When we
receive the minimum initial purchase payment and any other "good order"
information that we need, we will thereafter allocate your purchase payment in
the manner that you have specified.

DETERMINATION OF ACCUMULATION UNIT VALUES

The value for each accumulation unit is computed as of the end of each
business day. On any given business day the value of a Unit in each subaccount
will be determined by multiplying the value of a Unit of that subaccount for the
preceding business day by the net investment factor for that subaccount for the
current business day. The net investment factor for any business day is
determined by dividing the value of the assets of the subaccount for that day by
the value of the assets of the subaccount for the preceding business day
(ignoring, for this purpose, changes resulting from new purchase payments and
withdrawals), and subtracting from the result the daily equivalent of the annual
charge for all insurance and administrative expenses. The value of the assets of
a subaccount is determined by multiplying the number of shares of American
Skandia Trust (the "Trust") or other funds held by that subaccount by the net
asset value of each share and adding the value of dividends declared by the
Trust or other fund but not yet paid.

As we have indicated in the prospectus, each Annuity allows you to select
or decline any of several benefit options that carries with it a specific
asset-based charge. We maintain a unique unit value corresponding to each such
annuity feature.

FEDERAL TAX STATUS

Other Tax Rules.

1. Diversification

The Internal Revenue Code provides that the underlying investments for the
variable investment options must satisfy certain diversification requirements.
Each portfolio is required to diversify its investments each quarter so that no
more than 55% of the value of its assets is represented by any one investment,
no more than 70% is represented by any two investments, no more than 80% is
represented by any three investments, and no more than 90% is represented by any
four investments. Generally, securities of a single issuer are treated as one
investment and obligations of each U.S. Government agency and instrumentality
(such as the Government National Mortgage Association) are treated as issued by
separate issuers. In addition, any security issued, guaranteed or insured (to
the extent so guaranteed or insured) by the United States or an instrumentality
of the U.S. will be treated as a security issued by the U.S. Government or its
instrumentality, whichever is applicable. We believe the portfolios underlying
the variable investment options for the Annuities meet these diversification
requirements.

2. Investor Control.

Treasury Department regulations do not provide guidance concerning the
extent to which you may direct your investment in the particular investment
options without causing you, instead of us, to be considered the owner of the
underlying assets. Because of this uncertainty, or in response to other changes
in tax laws or regulations, we reserve the right to make such changes as we deem
necessary to assure that each Annuity qualifies as an annuity for tax purposes.
Any such changes will apply uniformly to affected owners and will be made with
such notice to affected owners as is feasible under the circumstances.

3. Entity Owners.

Where an annuity is held by a non-natural person (e.g., a corporation),
other than as an agent or nominee for a natural person (or in other limited
circumstances), the annuity will not be taxed as an annuity and increases in the
value of the annuity over its cost basis will be subject to tax annually.

4. Purchase Payments Made Before August 14, 1982.

If your Annuity was issued in exchange for an annuity containing purchase
payments made before August 14, 1982, favorable tax rules may apply to certain
withdrawals from the Annuity. Generally, withdrawals are treated as a recovery
of your investment in the Annuity first until purchase payments made before
August 14, 1982 are withdrawn. Moreover, any income allocable to purchase
payments made before August 14, 1982, is not subject to the 10% tax penalty.

5. Generation-Skipping Transfers.

If you transfer your Annuity to a person two or more generations younger
than you (such as a grandchild or grandniece) or to a person that is more than
37-1/2 years younger than you, there may be generation-skipping transfer tax
consequences.

FINANCIAL STATEMENTS

[Financial statements for depositor and separate account to be added by
pre-effective amendment.]

ITEM 24. FINANCIAL STATEMENTS AND EXHIBITS

(a) FINANCIAL STATEMENTS

(1) Financial Statements of Pruco Life of New Jersey Flexible Premium Variable
Annuity Account (Registrant) consisting of the Statements of Net Assets as
of December 31, 2005; the Statements of Operations for the period ended
December 31, 2005; the Statements of Changes in Net Assets for the periods
ended December 31, 2005 and December 31, 2004; and the Notes relating
thereto appear in the Statement of Additional Information (Part B of the
Registration Statement). (Note 7)

(2) Statements of Pruco Life of New Jersey (Depositor) consisting of the
Statements of Financial Position as of December 31, 2005 and 2004; and the
Related Statements of Operations, Changes in Stockholder's Equity and Cash
Flows for the years ended December 31, 2005, 2004 and 2003; and the Notes
to the Financial Statements appear in the Statement of Additional
Information (Part B of the Registration Statement). (Note 7)

(b) EXHIBITS

(1) Resolution of the Board of Directors of Pruco Life Insurance Company of New
Jersey establishing the Pruco Life of New Jersey Flexible Premium Variable
Annuity Account (Note 3)

(2) Agreements for custody of securities and similar investments--Not
Applicable.

(3) (a) Form of Distribution Agreement between Prudential Investment Management
Services, Inc. "PIMS" (Underwriter) and Pruco Life Insurance Company of New
Jersey (Depositor) (Note 2)

(b) Form of Selected Broker Agreement used by PIMS (Note 2)

(4) (a) The Prudential Premier Variable Annuity B and L Series individual
annuity contract (including schedule pages for each B Series). Note 1)
(b) The Prudential Premier Variable Annuity B, L, and X Series individual
annuity contract (including schedule pages for L and X Series). (Note 1)
(c) Enhanced Dollar Cost Averaging Rider. (Note 1)
(d) Enhanced Dollar Cost Averaging Schedule Supplement. (Note 1)
(e) Guaranteed Minimum Income Benefit Rider. (Note 1)
(f) Guaranteed Minimum Income Benefit Schedule Supplement. (Note 1)
(g) Highest Anniversary Value Death Benefit Rider. (Note 1)
(h) Highest Anniversary Value Death Benefit Schedule Supplement. (Note 1)
(i) Longevity Credit Rider. (Note 1)
(j) Guaranteed Minimum Payments Benefit Rider. (Note 1)
(k) Guaranteed Minimum Payments Benefit Schedule Supplement. (Note 1)
(l) 403(b) Annuity Endorsement. (Note 1)
(m) Individual Retirement Annuity Endorsement. (Note 1)
(n) Roth Individual Retirement Annuity Endorsement. (Note 1)

(5) (a) Application form for the Contract. (Note 7)

(6) (a) Articles of Incorporation of Pruco Life Insurance Company of New
Jersey, as amended February 12, 1998. (Note 5)

(b) By-laws of Pruco Life Insurance Company of New Jersey, as amended
August 4, 1999. (Note 6)

(7) Contract of reinsurance in connection with variable annuity contracts.
(Note 1)

(8) Other material contracts performed in whole or in part after the date the
registration statement is filed:

Form of Fund Participation Agreement. (Note 4)

(9) Opinion of Counsel. (Note 7)

(10) Written Consent of PricewaterhouseCoopers LLP, independent registered
public accounting firm. (Note 7)

(11) All financial statements omitted from Item 23, Financial Statements--Not
Applicable.

(12) Agreements in consideration for providing initial capital between or among
Registrant, Depositor, Underwriter, or initial Contract owners--Not
Applicable.

(13) Powers of Attorney.

(a) David R. Odenath, Jr., James J. Avery Jr., Ronald P. Joelson, Helen M.
Galt, John Chieffo, C. Edward Chaplin, Bernard J. Jacob (Note 1)

- ----------------------
(Note 1) Filed herewith.

(Note 2) Incorporated by reference to Post-Effective Amendment No. 4 to Form
N-4 Registration No. 333-18117, filed April 16, 1999, on behalf of
the Pruco Life of New Jersey Flexible Premium Variable Annuity
Account.

(Note 3) Incorporated by reference to Form N-4, Registration No. 333-18113,
filed December 18, 1996 on behalf of the Pruco Life of New Jersey
Flexible Premium Variable Annuity Account.

(Note 4) Incorporated by reference to Form N-4, Registration No. 333-06701,
filed June 26, 1996 on behalf of the Pruco Life Flexible Premium
Variable Annuity Account.

(Note 5) Incorporated by reference to Post-Effective Amendment No. 12 to Form
S-1, Registration No. 33-20018, filed on April 16, 1999 on behalf of
the Pruco Life of New Jersey Variable Contract Real Property Account.

(Note 6) Incorporated by reference to Form S-6, Registration No. 333-85117
filed August 13, 1999 on behalf of the Pruco Life of New Jersey
Variable Appreciable Account.

(Note 7) To be filed by pre-effective amendment.

ITEM 25. DIRECTORS AND OFFICERS OF THE DEPOSITOR

The directors and major officers of Pruco Life of New Jersey are listed below:

Name and Principal Business Address Position and Offices with Depositor
- ----------------------------------- -----------------------------------

James J. Avery, Jr. Vice Chairman and Director
213 Washington Street
Newark, NJ 07102-2992

C. Edward Chaplin Senior Vice President and Treasurer
751 Broad Street
Newark, NJ 07102-3777

John Chieffo Vice President and Chief Accounting Officer
213 Washington Street
Newark, NJ 07102-2992

Helen M. Galt Director
213 Washington Street
Newark, NJ 07102-2992

Bernard J. Jacob President and Director
213 Washington Street
Newark, NJ 07102-2992

Ronald P. Joelson Director
100 Mulberry Street
Newark, NJ 07102-5096

Clifford E. Kirsch Chief Legal Officer and Secretary
213 Washington Street
Newark, NJ 07102-2992

Melody C. McDaid Senior Vice President
213 Washington Street
Newark, NJ 07102-2992

Esther H. Milnes Senior Vice President
213 Washington Street
Newark, NJ 07102-2992

James M. O'Connor Senior Vice President and Actuary
200 Wood Avenue South
Iselin, NJ 08830-2706

David R. Odenath, Jr. Director
751 Broad Street
Newark, NJ 07102-3777

Hwei-Chung S. Shao Senior Vice President and Chief Actuary
213 Washington Street
Newark, NJ 07102-2992

ITEM 26. PERSONS CONTROLLED BY OR UNDER COMMON CONTROL WITH THE DEPOSITOR
OR REGISTRANT

Pruco Life Insurance Company of New Jersey ("Pruco Life of New Jersey"), a
corporation organized under the laws of New Jersey, is an indirect, wholly-owned
subsidiary of The Prudential Insurance Company of America, ("Prudential"), a
stock life insurance company organized under the laws of New Jersey. Prudential
is an indirect wholly-owned subsidiary of Prudential Financial, Inc., a New
Jersey insurance holding company.

Pruco Life of New Jersey may be deemed to control the following separate
accounts which are registered as unit investment trusts under the Investment
Company Act of 1940: the Pruco Life of New Jersey Variable Appreciable Account,
the Pruco Life of New Jersey Variable Insurance Account, the Pruco Life of New
Jersey Single Premium Variable Life Account, the Pruco Life of New Jersey Single
Premium Variable Annuity Account, the Pruco Life of New Jersey Flexible Premium
Variable Annuity Account (Registrant), the Pruco Life of New Jersey Modified
Guaranteed Annuity Account and the Pruco Life of New Jersey Variable Real
Property Account (separate accounts of Pruco Life of New Jersey)

The above-referenced separate accounts, along with Prudential and certain of
Prudential's separate accounts, hold the majority of the shares of The
Prudential Series Fund, a Delaware Statutory trust. In addition, The
Prudential holds all the shares of Prudential's Gibraltar Fund, a Maryland
Corporation, in three of its separate accounts. The Prudential Series Fund and

Prudential's Gibraltar Fund are registered as open-end diversified, management
investment companies under the Investment Company Act of 1940. Additionally, the
aforementioned separate accounts of Prudential are registered as unit investment
trusts under the Investment Company Act of 1940.

In addition, Pruco Life of New Jersey may also be deemed to be under common
control with other insurers that are direct or indirect subsidiaries of
Prudential Financial, Inc. and their separate accounts.

The subsidiaries of Prudential Financial, Inc. are listed under Exhibit 21 of
the Annual Report on Form 10-K of Prudential Financial, Registration No.
001-16707, filed March 9, 2005, the text of which is hereby incorporated.

ITEM 27. NUMBER OF CONTRACT OWNERS

Not Applicable.

ITEM 28. INDEMNIFICATION

The Registrant, in connection with certain affiliates, maintains various
insurance coverages under which the underwriter and certain affiliated persons
may be insured against liability which may be incurred in such capacity, subject
to the terms, conditions and exclusions of the insurance policies.

New Jersey, being the state of organization of Pruco Life Insurance Company of
New Jersey ("PLNJ"), permits entities organized under its jurisdiction to
indemnify directors and officers with certain limitations. The relevant
provisions of New Jersey law permitting indemnification can be found in Section
14A:3-5 of the New Jersey Statutes Annotated. The text of PLNJ's By-law, Article
V, which relates to indemnification of officers and directors, is filed as
Exhibit 1.A.(6)(c) to Form S-6, Registration No. 333-85117, filed August 13,
1999 on behalf of the Pruco Life of New Jersey Variable Appreciable Account.

Insofar as indemnification for liabilities arising under the Securities Act of
1933 may be permitted to directors, officers and controlling persons of the
Registrant pursuant to the foregoing provisions or otherwise, the Registrant has
been advised that in the opinion of the Securities and Exchange Commission such
indemnification is against public policy as expressed in the Act and is,
therefore, unenforceable. In the event that a claim for indemnification against
such liabilities (other than the payment by the Registrant of expenses incurred
or paid by a director, officer or controlling person of the Registrant in the
successful defense of any action, suit or proceeding) is asserted by such
director, officer or controlling person in connection with the securities being
registered, the Registrant will, unless in the opinion of its counsel the matter
has been settled by controlling precedent, submit to a court of appropriate
jurisdiction the question whether such indemnification by it is against public
policy as expressed in the Act and will be governed by the final adjudication of
such issue.

ITEM 29. PRINCIPAL UNDERWRITERS

(a) Prudential Investment Management Services LLC (PIMS)

PIMS is distributor for Nicholas-Applegate Fund, Inc., (Nicholas-Applegate
Growth Equity Fund), Jennison 20/20 Focus Fund, Jennison U.S. Emerging Growth
Fund, Inc., Jennison Value Fund, Dryden Index Series Fund, The Prudential
Investment Portfolios, Inc., Jennison Natural Resources Fund, Inc., Jennison
Sector Funds, Inc., Dryden Small Cap Core Equity Fund, Inc., Jennison Small
Company Fund, Inc., Dryden Tax-Managed Funds, Prudential World Fund, Inc.,
Strategic Partners Mutual Funds, Inc., Dryden Global Total Return Fund, Inc.;
Dryden Government Income Fund, Inc., Dryden High Yield Fund, Inc., Dryden Total
Return Bond Fund, Inc., Dryden Short-Term Corporate Bond Fund, Inc., Dryden
Ultra Short Bond Fund, Dryden California Municipal Fund, Dryden Municipal Bond
Fund, Dryden Municipal Series Fund, Dryden National Municipals Fund, Inc.,
Dryden Government Securities Trust, MoneyMart Assets, Inc., Dryden Tax-Free
Money Fund, Inc., Prudential Institutional Liquidity Portfolio, Cash
Accumulation Trust, Gibraltar Fund Inc., The Target Portfolio Trust, The
Prudential Series Fund, American Skandia Trust, The Prudential Variable
Contract Account-2, The Prudential Variable Contract Account-10, and The
Prudential Variable Contract Account-11.

PIMS is also distributor of the following registered unit investment trust
Separate Accounts: The Prudential Variable Contract Account-24, The Prudential
Variable Contract Account GI-2, The Prudential Discovery Select Group Variable
Contract Account, The Prudential Discovery Premier Group Variable Contract
Account, The Pruco Life Flexible Premium Variable Annuity Account, The Pruco
Life of New Jersey Flexible Premium Variable Annuity Account, The Prudential
Individual Variable Contract Account and The Prudential Qualified Individual
Variable Contract Account.

(b) Information concerning the directors and officers of PIMS is set forth
below:

POSITIONS AND OFFICES POSITIONS AND OFFICES
NAME (1) WITH UNDERWRITER WITH REGISTRANT
----------------------- --------------------------------- ---------------------

Robert F. Gunia President None

Kenneth I. Schindler Senior Vice President & Chief None
Compliance Officer

David Odenath. Executive Vice President None
751 Broad Street
Newark, NJ 07102

Scott Sleyster Executive Vice President None
280 Trumbull Street
Hartford, CT 06103

Stephen Pelletier Executive Vice President None

Bernard B. Winograd Executive Vice President None

Edward P. Baird Executive Vice President None

Michael J. McQuade Senior Vice President, None
Comptroller and
Chief Financial Officer

C. Edward Chaplin Executive Vice President and None
751 Broad Street Treasurer
Newark, NJ 07102

Peter J. Boland Senior Vice President and None
Director Of Operations

- -----------------

(1) The address of each person named is 100 Mulberry Street, Newark, New Jersey
07102 unless otherwise noted.

- -------------------------- --------------------------- --------------------------- ----------------- -----------------
Name of Principal Net Underwriting Compensation on Brokerage
Underwriter Discounts and Commissions Redemption Commission Compensation
- -------------------------- --------------------------- --------------------------- ----------------- -----------------

- -------------------------- --------------------------- --------------------------- ----------------- -----------------

Prudential Investment $ 6,601,002 $-0- $-0- $-0-
Management Services, LLC
- -------------------------- --------------------------- --------------------------- ----------------- -----------------

ITEM 30. LOCATION OF ACCOUNTS AND RECORDS

All accounts, books or other documents required to be maintained by Section 31
(a) of the Investment Company Act of 1940 and the rules promulgated thereunder
are maintained by the Registrant through The Prudential Insurance Company of
America, 751 Broad Street, Newark, New Jersey 07102-3777.

ITEM 31. MANAGEMENT SERVICES

Summary of any contract not discussed in Part A or Part B of the registration
statement under which management-related services are provided to the
Registrant--Not Applicable.

ITEM 32. UNDERTAKINGS

(a) Registrant undertakes to file a post-effective amendment to this Registrant
Statement as frequently as is necessary to ensure that the audited
financial statements in the Registration Statement are never more than 16
months old for so long as payments under the variable annuity contracts may
be accepted.

(b) Registrant undertakes to include either (1) as part of any application to
purchase a contract offered by the prospectus, a space that an applicant
can check to request a statement of additional information, or (2) a
postcard or similar written communication affixed to or included in the
prospectus that the applicant can remove to send for a statement of
additional information.

(c) Registrant undertakes to deliver any statement of additional information
and any financial statements required to be made available under this Form
promptly upon written or oral request.

(d) Restrictions on withdrawal under Section 403(b) Contracts are imposed in
reliance upon, and in compliance with, a no-action letter issued by the
Chief of the Office of Insurance Products and Legal Compliance of the U.S.
Securities and Exchange Commission to the American Council of Life
Insurance on November 28, 1988.

(e) Pruco Life Insurance Company of New Jersey hereby represents that the fees
and charges deducted under the contracts described in this Registration
Statement are in the aggregate reasonable in relation to the services
rendered, the expenses expected to be incurred, and the risks assumed by
Pruco Life Insurance Company of New Jersey.

(f) This post-effective amendment is being filed solely for the purpose of
providing annual updates and/or supplements to the documents that are
included in the post-effective amendment, and does not otherwise eliminate
or replace any other documents previously filed in the Registration
Statement.

SIGNATURES

Pursuant to the requirements of the Securities Act of 1933 and the
Investment Company Act of 1940, the Registrant has caused this Registration
Statement to be signed on its behalf by the undersigned thereunto duly
authorized, and its seal hereunto affixed and attested in the City of Newark and
the State of New Jersey, on this 13th day of January, 2006.

THE PRUCO LIFE OF NEW JERSEY FLEXIBLE PREMIUM
VARIABLE ANNUITY ACCOUNT
(Registrant)

BY: PRUCO LIFE INSURANCE COMPANY OF NEW JERSEY
(Depositor)

Attest: /s/ CLIFFORD E. KIRSCH /s/ BERNARD J. JACOB
------------------------------ --------------------
CLIFFORD E. KIRSCH BERNARD J. JACOB
CHIEF LEGAL OFFICER AND SECRETARY PRESIDENT

SIGNATURES

As required by the Securities Act of 1933, this Registration Statement has
been signed by the following persons in the capacities and on the date
indicated.

SIGNATURE AND TITLE
-------------------

*___________________________________
JAMES J. AVERY JR.
VICE CHAIRMAN AND DIRECTOR

*___________________________________
BERNARD J. JACOB
PRESIDENT AND DIRECTOR

*___________________________________
JOHN CHIEFFO
VICE PRESIDENT, CHIEF
ACCOUNTING OFFICER AND PRINCIPAL
FINANCIAL OFFICER

Date January 13, 2006
*___________________________________
RONALD P. JOELSON
DIRECTOR *BY: CLIFFORD E. KIRSCH
-----------------------
CLIFFORD E. KIRSCH
*___________________________________ (ATTORNEY-IN-FACT)
C. EDWDARD CHAPLIN
SENIOR VICE PRESIDENT AND DIRECTOR

*___________________________________
HELEN M. GALT
DIRECTOR

*___________________________________
DAVID R. ODENATH, JR.
DIRECTOR

EXHIBIT INDEX

(4)(a) Prudential Premier Variable Annuity B and L Series individual annuity
contract (including schedule pages for B Series).
(4)(b) Prudential Premier Variable Annuity B, L and X Series individual
annuity contract (including schedule pages for L and X Series).
(4)(c) Enhanced Dollar Cost Averaging Rider.
(4)(d) Enhanced Dollar Cost Averaging Schedule Supplement
(4)(e) Guaranteed Minimum Income Benefit Rider.
(4)(f) Guaranteed Minimum Income Benefit Schedule Supplement.
(4)(g) Highest Anniversary Value Death Benefit Rider.
(4)(h) Highest Anniversary Value Death Benefit Supplement.
(4)(i) Longevity Credit Rider.
(4)(j) Guaranteed Minimum Payments Benefit Rider.
(4)(k) Guaranteed Minimum Payments Benefit Schedule Supplement.
(4)(l) 403(b) Annuity Endorsement.
(4)(m) Individual Retirement Annuity Endorsement.
(4)(n) Roth Individual Retirement Annuity Endorsement.
(7) Contract of Reinsurance.
(13) Powers of Attorney.

EX-99.4A
3
d18381_ex4a.txt

EXHIBIT 4(a)

PRUCO LIFE INSURANCE COMPANY OF NEW JERSEY
751 BROAD STREET
NEWARK, NEW JERSEY 07102

(A Stock Company)

Please read this contract (the "Annuity") carefully; it is a legal contract
between you and Pruco Life Insurance Company of New Jersey. Unless you direct
otherwise, we will pay the named Owner(s), on the Annuity Payment Date, the
first of a series of annuity payments, the frequency, period, and dollar amounts
of which are determined in accordance with the terms and conditions of the
annuity option payable, provided that both you and the Annuitant(s) are then
living.

This Annuity is issued subject to its provisions and in consideration of any
Purchase Payments you make and we accept. The provisions of this Annuity will be
applied in accordance with the laws of the jurisdiction where the Annuity is
delivered or issued for delivery. Unless otherwise noted, all terms and
provisions of this Annuity are applicable only during the Accumulation Period.

RIGHT TO CANCEL: You may return this Annuity to our Office or to the
representative who sold it to you for a refund within ten days after you receive
it, or longer if required by applicable law or regulation. It can be mailed or
delivered either to us, at our Office, or to the representative who sold it to
you. Return of this Annuity by mail is effective on being postmarked, properly
addressed and postage prepaid. The amount of the refund will be an amount equal
to the sum of (i) the difference between the Purchase Payment(s) received
(including any fees or other charges deducted from gross considerations) and the
amount(s) allocated to the Fixed Rate Options, MVA Options and Sub-accounts
under the Annuity, and (ii) the Account Value as of the Valuation Day the
Annuity is returned to us.

Signed for Pruco Life Insurance Company of New Jersey:

[________________________] [________________________]
Secretary President

INDIVIDUAL FLEXIBLE PREMIUM DEFERRED VARIABLE ANNUITY
NON-PARTICIPATING
SUB-ACCOUNTS, FIXED RATE OPTIONS, AND MARKET VALUE ADJUSTED ("MVA") OPTIONS
ALL MAY BE MADE AVAILABLE

In the Accumulation Period any payments and values provided under the
Sub-Accounts may increase or decrease according to their investment performance
and are, therefore, not guaranteed. Please refer to the "Account Value in the
Sub-Accounts" section for a more complete explanation.

In the Accumulation Period any payments and values provided under the MVA
Options may be subject to a Market Value Adjustment. Such a Market Value
Adjustment may increase or decrease any such payments or values. The Market
Value Adjustment applies to full or partial withdrawals, transfers and amounts
applied to an annuity payout option. However, such payments made by us on, or
within 30 days immediately prior to, the maturity of an MVA Option, and death
benefits payable during the Accumulation Period are not subject to a Market
Value Adjustment. The MVA liquidity factor may be waived during the Right to
Cancel Period. Please refer to the "Account Value of the MVA Options" section
for a more complete explanation.

Payout options are specified in the Annuity.
Other options may be made available.

TABLE OF CONTENTS

DEFINITIONS .....................................................................7
RIDERS OR ENDORSEMENTS ..........................................................9
ALLOCATION OF ACCOUNT VALUE .....................................................9
OPERATION OF THE SEPARATE ACCOUNTS .............................................10
CHARGES ........................................................................12
OWNER RIGHTS AND DESIGNATIONS ..................................................13
PURCHASE PAYMENTS ..............................................................14
ACCOUNT VALUE ..................................................................14
ALLOCATION RULES FOR ACCOUNT VALUE .............................................17
MATURITY .......................................................................18
DISTRIBUTIONS .................................................................19
DEATH BENEFIT .................................................................20
ANNUITY PAYOUT OPTIONS .........................................................22
GENERAL PROVISIONS .............................................................23
ANNUITY TABLES .................................................................25

SCHEDULE

ANNUITY NUMBER: [001-00001] ISSUE DATE: [MARCH 1, 2006]

TYPE OF BUSINESS: [NON-QUALIFIED]

OWNER: [JOHN DOE] DATE OF BIRTH: [OCTOBER 21, 1970] SEX: [MALE]

OWNER: [MARY DOE] DATE OF BIRTH: [OCTOBER 15, 1970] SEX: [FEMALE]

ANNUITANT: [JOHN DOE] DATE OF BIRTH: [OCTOBER 21,1970] SEX: [MALE]

LATEST AVAILABLE ANNUITY DATE: THE FIRST DAY OF THE CALENDAR MONTH FIRST
FOLLOWING THE ANNUITANT'S 95TH BIRTHDAY. THE MAXIMUM ANNUITY AGE IS 95.

EARLIEST AVAILABLE ANNUITY DATE: ONE YEAR FROM THE ISSUE DATE, OR ONE YEAR FROM
THE DATE ANY NEW ANNUITANT BECOMES THE ANNUITANT.

DEFAULT ANNUITY OPTION: IN THE ABSENCE OF AN ELECTION WE RECEIVE IN GOOD ORDER,
MONTHLY PAYMENTS WILL COMMENCE UNDER FIXED LIFE INCOME ANNUITY OPTION 2 WITH 120
MONTHS CERTAIN.

PURCHASE PAYMENT: $[1,000]

[PURCHASE PAYMENT LIMITATION: PURCHASE PAYMENTS WILL BE ACCEPTED UP TO AND
INCLUDING [AGE 85] BASED ON THE OLDEST NATURAL OWNER OR THE ANNUITANT IF THE
ANNUITY IS OWNED BY AN ENTITY]

MINIMUM ADDITIONAL PURCHASE PAYMENT: $[100]

MINIMUM ADDITIONAL PURCHASE PAYMENT UNDER AUTOMATIC PURCHASE PLANS: $[50]

MINIMUM WITHDRAWAL AMOUNT: $[100]

MAXIMUM FREE WITHDRAWAL: [10%]

MINIMUM SURRENDER VALUE AFTER WITHDRAWAL: $[1,000]

MINIMUM ANNUITY PAYMENT: $20 PER MONTH

MAXIMUM NUMBER OF SUB-ACCOUNTS IN WHICH YOU MAY MAINTAIN ACCOUNT
VALUE: [NOT APPLICABLE]

MINIMUM TRANSFER AMOUNT: $[50. WE RESERVE THE RIGHT TO WAIVE THE MINIMUM
TRANSFER AMOUNT.]

MVA OPTION: [NOT AVAILABLE]

SCHEDULE (CONTINUED)

CONTINGENT DEFERRED SALES CHARGE:

LENGTH OF TIME PERCENTAGE OF PURCHASE
SINCE PURCHASE PAYMENT PAYMENTS BEING LIQUIDATED

0-1 year 7.0%
1-2 years 6.0%
2-3 years 5.0%
3-4 years 4.0%
4-5 years 3.0%
5-6 years 2.0%
6-7 years 1.0%
7+ years 0%

TRANSFER FEE: $[10 PER TRANSFER AFTER THE TWENTIETH IN ANY ANNUITY YEAR. WE
RESERVE THE RIGHT TO: (1) INCREASE THE TRANSFER FEE, BUT IT WILL NOT
EXCEED $20 PER TRANSFER AFTER THE TWELFTH IN ANY ANNUITY YEAR AND (2)
WAIVE THE TRANSFER FEE IF THE TRANSFER IS MADE IN A MODE ACCEPTABLE TO
US.]

TRANSFER AMOUNT ALLOWED FROM A FIXED RATE OPTION: [100% OF THE ACCOUNT VALUE OF
THE MATURING FIXED RATE OPTION ON ITS MATURITY DATE OR WITHIN 30 DAYS
AFTER THE MATURITY DATE.]

MAINTENANCE FEE: LESSER OF $30 OR 2% OF UNADJUSTED ACCOUNT VALUE, BUT ONLY IF
THE UNADJUSTED ACCOUNT VALUE AT THE TIME THE FEE IS DUE IS LESS THAN
$[100,000]. WE RESERVE THE RIGHT TO CHANGE THE AMOUNT OVER WHICH WE
WILL WAIVE THE MAINTENANCE FEE.

INSURANCE CHARGE: [1.15%]

[FIXED RATE OPTION:
MINIMUM INTEREST CREDITING RATE: [3.0%]

GUARANTEE PERIODS AND INITIAL INTEREST RATES AS OF THE ISSUE DATE:

INITIAL ADDITIONAL ONE-YEAR
INTEREST CREDITING RATE FOR
GUARANTEE PERIODS INITIAL INTEREST RATE THE GUARANTEE PERIOD SHOWN

[1 year X% X%
2 years X% X%
3 years X% X%
4 years X% X%
5 years X% X%
6 years X% X%
7 years X% X%
8 years X% X%
9 years X% X%
10 years X% X%]

SCHEDULE (CONTINUED)

THE ADDITIONAL INTEREST CREDITING RATE VARIES BASED UPON THE GUARANTEE
PERIOD YOU ELECT, BUT IS CREDITED FOR ONE YEAR ONLY, BEGINNING ON THE DATE
YOU ALLOCATE A PURCHASE PAYMENT, OR PART OF ONE, TO A FIXED RATE OPTION

THE INITIAL INTEREST RATE CREDITED WILL BE [0.15%] LESS THAN THE RATE THAT
WOULD BE CREDITED IF THE ANNUITY DID NOT CONTAIN AN INITIAL ADDITIONAL
ONE-YEAR INTEREST CREDITING RATE. THIS REDUCTION IN THE INTEREST RATE WILL
REMAIN IN EFFECT THROUGHOUT THE ACCUMULATION PERIOD. THE INTEREST RATE WILL
NOT BE LESS THAN THE MINIMUM INTEREST CREDITING RATE SHOWN ABOVE.

PLEASE NOTE THAT THE GUARANTEE PERIODS AND CORRESPONDING INITIAL INTEREST
RATES SHOWN ARE THOSE YOU SELECTED AT THE ISSUE DATE OF THIS ANNUITY. WE
MAY OFFER DIFFERENT GUARANTEE PERIODS OF DIFFERENT DURATION AFTER THE ISSUE
DATE. THE INITIAL INTEREST RATES SHOWN ARE EFFECTIVE ONLY AS OF THE ISSUE
GUARANTEE PERIODS INITIAL INTEREST RATE INTEREST CREDITING RATE FOR DATE.
THE INTEREST RATES FOR NEW FIXED RATE OPTIONS MAY BE CHANGED PERIODICALLY.]

[MVA OPTION:
MINIMUM INTEREST CREDITING RATE: 3.0%

GUARANTEE PERIODS AND INITIAL INTEREST RATE AS OF THE ISSUE DATE:

GUARANTEE PERIODS INITIAL INTEREST RATE

[1 year X%
2 years X%
3 years X%
4 years X%
5 years X%
6 years X%
7 years X%
8 years X%
9 years X%
10 years X%]

PLEASE NOTE THAT THE GUARANTEE PERIODS AND CORRESPONDING INITIAL INTEREST
RATES SHOWN ARE THOSE YOU SELECTED AT THE ISSUE DATE OF THIS ANNUITY. WE
MAY OFFER DIFFERENT GUARANTEE PERIODS OF DIFFERENT DURATION AFTER THE ISSUE
DATE. THE INITIAL INTEREST RATES SHOWN ARE EFFECTIVE ONLY AS OF THE ISSUE
DATE. THE INTEREST RATES FOR NEW MVA OPTIONS MAY BE CHANGED PERIODICALLY.

INDEX PERTAINING TO MVA OPTIONS: [THE INDEX IS BASED ON THE STRIP YIELDS
PROVIDED TO US BY AN INDEPENDENT PRICING SERVICE OF OUR CHOICE AS OF THE
DATE WE DECLARE A RATE OF INTEREST. THE APPLICABLE TERM (LENGTH OF TIME
FROM ISSUANCE TO MATURITY) OF THE STRIPS IS THE SAME AS THE DURATION OF THE
GUARANTEE PERIOD. IF NO STRIPS ARE AVAILABLE FOR SUCH TERM, STRIPS FOR THE
NEXT SHORTEST TERM ARE USED. IF THE UNITED STATES TREASURY DISCONTINUES
OFFERING ANY OF THE APPLICABLE CERTIFICATES OF INDEBTEDNESS UPON WHICH
STRIPS ARE BASED OR IF THERE IS ANY DISRUPTION IN THE MARKET FOR STRIPS
THAT WOULD HAVE AN IMPACT ON OUR ABILITY TO OBTAIN MARKET VALUATIONS FOR
SUCH INSTRUMENTS, WE WILL SUBSTITUTE INDICES WHICH IN OUR OPINION ARE
COMPARABLE.]

SCHEDULE (CONTINUED)

LIQUIDITY FACTOR: [0.0025]

BOND INDEX: [MERRILL LYNCH [1 TO 10] YEAR INVESTMENT GRADE CORPORATE BOND
INDEX]]

VARIABLE SEPARATE ACCOUNT(S): [PRUCO LIFE OF NEW JERSEY FLEXIBLE PREMIUM
VARIABLE ANNUITY ACCOUNT]

[MVA SEPARATE ACCOUNT: [PRUCO LIFE OF NEW JERSEY MODIFIED GUARANTEED ANNUITY
ACCOUNT]]

OFFICE: [PRUDENTIAL ANNUITY SERVICE CENTER
P.O. BOX 7960
PHILADELPHIA, PA 19176
TOLL-FREE: 1-888-PRU-2888
WEBSITE: WWW.PRUDENTIAL.COM]
------------------

DEFINITIONS

Account Value: The value of each allocation to a Sub-account, Fixed Rate Option,
or MVA Option prior to the Annuity Date, plus any earnings and/or less any
losses, distributions, and charges thereon, before assessment of any applicable
contingent deferred sales charge, any applicable tax charges, any charges
assessable as a deduction from the Account Value for any optional benefits
provided by rider or endorsement and any applicable maintenance fee. Account
Value is determined separately for each Sub-account and for each Fixed Rate
Option and MVA Option, and then totaled to determine Account Value for your
entire Annuity. Account Value of each MVA Option is calculated using an MVA, if
applicable.

Accumulation Period: The period of time from the Issue Date through the
Valuation Day preceding the Annuity Date.

Annuitant(s): Annuity payments are based upon this person's(s') life (lives).

Annuity Date: The date on which we apply your Account Value to the applicable
annuity option and begin the Payout Period.

Annuity Payment Date: The date the first annuity payment is payable.

Annuity Years: Continuous 12-month periods commencing on the Issue Date and each
anniversary of the Issue Date.

Beneficiary(ies): The person(s) or entity(ies) designated as the recipient of
the death benefit.

Contingent Annuitant(s): The person(s) named to become the Annuitant on the
Annuitant's(s') death prior to the Annuity Date. We may limit your right to
designate a Contingent Annuitant(s). Please refer to the section "Participation
Rights and Designations" for additional information.

Current Rates: The interest rates we offer to credit to Fixed Rate Options or
MVA Options for the duration of newly beginning Guarantee Periods under this
Annuity. Current Rates are contained in a schedule of rates established by us
from time to time for the Guarantee Periods then being offered. We may establish
different schedules for different classes and for different annuities.

Fixed Rate Option(s): An allocation option that is credited a fixed rate of
interest for a specified Guarantee Period and is to be supported by assets in
our general account.

Good Order: Good order is the standard that we apply when we determine whether
an instruction is satisfactory. An instruction will be considered in Good Order
if it is received (and where applicable, processed) at our Office: (a) in a form
that is satisfactory to us such that it is sufficiently complete and clear that
we do not need to exercise any discretion to follow such instruction and
complies with all relevant laws and regulations; (b) on specific forms, or by
other means we then permit (such as via telephone or electronic transmission);
and/or (c) with any signatures and dates as we may require. We will notify you
if an instruction is not in good order.

Guarantee Period: A period of time during which we credit a fixed rate of
interest on an MVA Option or Fixed Rate Option.

Issue Date: The effective date of this Annuity.

MVA: A market value adjustment used in the determination of Account Value of
each MVA Option as of a date other than such MVA Option's Maturity Date and
thirty days prior thereto. The Annuity describes other circumstances when the
application of the MVA may be waived. The application of an MVA may increase or
decrease any distributions or values.

MVA Option: An allocation option that is to be credited a fixed rate of interest
for a specified Guarantee Period and is to be supported by assets in the MVA
Separate Account.

MVA Separate Account: The separate account shown in the Schedule used in
relation to MVA Options.

Maturity Date: The last day in a Guarantee Period.

Office: The location shown in the Schedule where all requests and payments
regarding this Annuity are to be sent. The Office address may be changed at any
time. We will notify you in advance of any change in address.

Owner: The person or entity shown as Owner in the Schedule unless later changed.

Payout Period: The period starting on the Annuity Date during which annuity
payments are due.

Purchase Payment: A cash consideration in currency of the United States of
America given to us in exchange for the rights, privileges and benefits outlined
in this Annuity.

Spouse: An individual whom we believe would be recognized as a Spouse under
federal law.

Sub-account: A division of the Variable Separate Account(s) shown in the
Schedule.

Surrender Value: The Account Value less any applicable contingent deferred sales
charge, any applicable tax charges, any charges assessable as a deduction from
the Account Value for any optional benefits provided by rider or endorsement and
any applicable maintenance fee.

Unadjusted Account Value: The Account Value prior to the application of any MVA.

Unit: A measure used to calculate your Account Value in a Sub-account prior to
the Annuity Date.

Unit Price: Unit Price is used for calculating (a) the number of Units allocated
to a Sub-account, and (b) the value of transactions into or out of a Sub-account
or benefits based on Account Value in a Sub-account prior to the Annuity Date.
Each Sub-account has its own Unit Price which will vary each Valuation Period to
reflect the investment experience of that Sub-account.

Valuation Day: Every day the New York Stock Exchange is open for trading or any
other day that the Securities and Exchange Commission requires mutual funds or
unit investment trusts to be valued.

Valuation Period: The period of time between the close of business of the New
York Stock Exchange on successive Valuation Days.

Variable Separate Account(s): The variable separate account(s) shown in the
Schedule used in relation to Sub-accounts.

we, us, our: Pruco Life Insurance Company of New Jersey.

you, your: The Owner(s) shown in the Schedule.

RIDERS OR ENDORSEMENTS

One or more riders or endorsements may be attached and made part of your
Annuity. Such riders or endorsements may contain additional or different
provisions which may amend or replace the provisions in your Annuity. Such
riders or endorsements may also contain provisions applicable to an optional
benefit program you have elected. Such programs may impact certain provisions of
this Annuity, including, but not limited to, surrenders, withdrawals, transfers,
spousal continuation, and the death benefit. Charges may also apply for any
optional benefit provided by rider or endorsement. Pursuant to our rules, you
may elect one or more optional benefits we may make available. A schedule
supplement may also contain additional fields specific to any optional benefit
you have elected. Please refer to any applicable rider, endorsement and their
respective schedule supplements for details regarding the impact on any
provisions in this Annuity.

ALLOCATION OF ACCOUNT VALUE

General: You may maintain Account Value among a number of options, subject to
the limits set out in this Annuity. You may transfer Account Value between such
options, subject to our allocation and transfer rules. Your transfer request
must be received by us in Good Order. Transfers may be subject to a fee.

Sub-Account Options: We offer a number of Sub-accounts as variable allocation
options. These are all Sub-accounts of the Variable Separate Account(s) shown in
the Schedule.

Fixed Rate Options and MVA Options: We may offer multiple Fixed Rate Options and
MVA Options of different durations. The duration applicable to an MVA Option or
Fixed Rate Option is the Guarantee Period. Each Fixed Rate Option and MVA Option
earns a fixed rate of interest throughout its Guarantee Period. Subject to our
allocation rules, we allow you to invest in multiple Fixed Rate Options and MVA
Options; however, we reserve the right to limit the percentage of your Account
Value allocated to the Fixed Rate Options and MVA Options, or to require your
participation in a program.

To the extent permitted by law, we reserve the right at any time to offer Fixed
Rate Options and MVA Options with Guarantee Periods that differ from those which
were available when your Annuity was issued. We also reserve the right at any
time upon maturity of a Guarantee Period for a particular Fixed Rate Option or
MVA Option to stop, limit, or restrict the availability of certain Guarantee
Periods that we made or may make available. Guarantee Periods for available MVA
Options will not exceed 10 years. For Owners age 55 or more when allocating or
transferring amounts to an MVA Option, available MVA Options will include at
least one MVA option with a Guarantee Period of 5 years or less.

The Guarantee Period for a Fixed Rate Option or MVA Option begins: (a) when all
or part of a Purchase Payment is allocated to that particular Fixed Rate Option
or MVA Option; (b) upon transfer of any of your Account Value to a Fixed Rate
Option or MVA Option, having a particular Guarantee Period; or (c) upon renewal
of such Fixed Rate Option as described in the Maturity provision. The Guarantee
Period ends upon the Maturity Date of the MVA Option or Fixed Rate Option. We
reserve the right to limit access to certain Fixed Rate Options and MVA Options
if the Maturity Date of such options is after the Latest Available Annuity Date.

We may offer certain Fixed Rate Options and MVA Options only in connection with
certain uses of the Annuity or in connection with certain programs for
allocation of your Account Value. Also, we may offer multiple Fixed Rate Options
or MVA Options of equal duration, but limit access to certain of these Fixed
Rate Options or MVA Options depending on uses of the Annuity or based upon your
participation in certain programs for allocation of your Account Value. We may
offer differing Current Rates for the various Fixed Rate Options or MVA Options
we make available as compared to other Fixed Rate Options and MVA Options of the
same duration we also make available.

Interest Rate: We declare the rates of interest applicable for the various Fixed
Rate Options and MVA Options offered. Declared rates are the Current Rates and
are expressed in terms of effective annual rates of interest. The rate of
interest applicable to a Fixed Rate Option or MVA Option, for the class of
contracts to which this Annuity belongs, is the Current Rate in effect when
funds are allocated to a Fixed Rate Option or MVA Option for any particular
Guarantee Period. The rate offered for Fixed Rate Options and MVA Options may
differ. The rate is guaranteed throughout the Guarantee Period. Interest rates
are determined by us. We inform you of the interest rate for a Fixed Rate Option
or MVA Option, as well as its Maturity Date, when we confirm the allocation. We
declare interest rates for new Fixed Rate Options and MVA Options from time to
time.

The initial interest rate for any Fixed Rate Option or MVA Option elected on the
Issue Date is shown in the Schedule. This initial interest rate for a Fixed Rate
Option or MVA Option is only available on the Issue Date. Interest rates are
determined in accordance with any regulatory requirements. We will credit
interest to the portion of the Purchase Payment, if any, allocated to the Fixed
Rate Option or MVA Option at the daily equivalent of these rates.

We may offer an Additional Interest Crediting Rate when you allocate all or part
of a Purchase Payment to a Fixed Rate Option. Any Initial Additional Interest
Crediting Rate we are crediting to a Fixed Rate Option(s) elected on the Issue
Date is shown in the Schedule. We will credit interest at the daily equivalent
of this rate.

An Additional Interest Crediting Rate will not apply to amounts transferred to a
Fixed Rate Option from any other allocation option or Fixed Rate Option to which
you currently have allocated Account Value.

The Additional Interest Crediting Rate is in addition to any other rate of
interest we may credit to an allocation to a Fixed Rate Option. The Additional
Interest Crediting Rate is credited for one year only, beginning on the date you
allocate a Purchase Payment, or part of one, to a Fixed Rate Option. We will
cease to credit the Additional Interest Crediting Rate at the end of one year,
as measured from the date we first began crediting such amounts, even if the
Fixed Rate Option's Guaranteed Period is longer than one year.

We may declare Additional Interest Crediting Rates from time to time. We will
inform you of any Additional Interest Crediting Rate applicable to a subsequent
Purchase Payment allocated to a Fixed Rate Option when we confirm the
allocation.

With the exception of the Additional Interest Crediting Rate, the interest rates
we credit are subject to a minimum. We may declare a higher rate. The Fixed Rate
Option Minimum Interest Crediting Rate and the MVA Option Minimum Interest
Crediting Rates are described in the Schedule. The Additional Interest Crediting
Rate is not subject to a minimum.

OPERATION OF THE SEPARATE ACCOUNT(S)

General: The assets supporting our obligations under the Annuities may be held
in various accounts, depending on the obligation being supported. Assets
supporting obligations based on the Fixed Rate Option are held in our general
account. Assets supporting obligations based on Account Values invested in the
Sub-Accounts or in the MVA Options are held in separate accounts established
under the laws of the State of New Jersey.

Separate Accounts: We are the legal Owner of assets in the separate accounts.
Income, gains and losses, whether or not realized, from assets allocated to
these separate accounts, are credited to or charged against each such separate
account in accordance with the terms of the annuities supported by such assets
without regard to our other income, gains or losses or to the income, gains or
losses in any other of our separate accounts. We will maintain assets in each
separate account with a total market value at least equal to the reserve and
other liabilities we must maintain in relation to the annuity obligations
supported by such assets. These assets may only be charged with liabilities
which arise from such annuities, and will not be charged with liabilities
arising out of any other business we may conduct.

Variable Separate Account(s): The assets supporting obligations based on
allocations to the variable allocation options are held in Sub-accounts in the
Variable Separate Account(s) shown in the Schedule. The separate account(s)
consists of multiple Sub-accounts. The Variable Separate Account(s) was
established by us pursuant to New Jersey law. The separate account(s) also holds
assets of other annuities issued by us with values and benefits that vary
according to the investment performance of the Variable Separate Account(s).

The amount of our obligations in relation to allocations to the Variable
Separate Accounts are based on the investment performance of the Sub-accounts.
However, the guarantees provided under the Annuity are our general corporate
obligations. The value of the shares held by the Sub-accounts in the variable
allocation options will be based on the net asset value of the variable
allocation option on each Valuation Day.

The Variable Separate Account(s) is registered with the Securities and Exchange
Commission ("SEC") under the Investment Company Act of 1940 (the "1940 Act") as
a unit investment trust, which is a type of investment company. This does not
involve any supervision by the SEC of the investment policies, management or
practices of the Variable Separate Account(s). The operation of the Variable
Separate Account is subject to the laws of the jurisdiction in which the Annuity
is delivered.

Sub-accounts may invest in underlying mutual funds or portfolios. We reserve the
right to change the investment policy of any or all Sub-accounts, add
Sub-accounts, eliminate Sub-accounts, combine Sub-accounts, limit access to a
Sub-account or to substitute underlying mutual funds or portfolios of underlying
mutual funds, subject to any required regulatory approvals. Please refer to the
provision entitled "Reserved Rights" for additional information. Values and
benefits based on allocations to the Sub-accounts will vary with the investment
performance of the underlying mutual funds or fund portfolios, as applicable. We
do not guarantee the investment results of any Sub-account.

We reserve the right to transfer assets of the Variable Separate Account(s),
which we determine to be associated with the class of contracts to which this
Annuity belongs, to another Variable Separate Account(s). If this type of
transfer is made, the term "Variable Separate Account(s)" as used in this
Annuity, shall mean the Variable Separate Account(s) to which the assets were
transferred. We will obtain prior approval from the Superintendent of Insurance,
as well as any other required approvals before making such transfer of assets.

MVA Separate Account: Assets supporting our obligations based on MVA Options are
held in the MVA Separate Account shown in the Schedule, which is a
"non-unitized" separate account. Such obligations are based on the interest
rates we credit to MVA Options and the terms of the annuities. These obligations
do not depend on the investment performance of the assets in the MVA Separate
Account. This separate account was established by us pursuant to New Jersey law.
The operation of the MVA Separate Account is subject to the laws of the
jurisdiction in which the Annuity is delivered. There are no discrete units in
the MVA Separate Account. No party with rights under any annuity participates in
the investment gain or loss from assets in the MVA Separate Account. Such gain
or loss accrues solely to us. We retain the risk that the value of the assets in
the MVA Separate Account may drop below the reserves and other liabilities we
must maintain. Should the value of the assets in the MVA Separate Account drop
below the reserve and other liabilities we must maintain in relation to the
annuities supported by such assets, we will transfer assets from our general
account to the MVA Separate Account to make up the difference. We have the right
to transfer to our general account any assets of the MVA

Separate Account in excess of such reserves and other liabilities. We maintain
assets in the MVA Separate Account supporting a number of annuities we offer.

If you surrender, withdraw, transfer or annuitize your Account Value from an MVA
Option before the end of its Guarantee Period, you bear the risk inherent in the
MVA. The Account Value of an MVA Option on its Maturity Date or within thirty
days prior thereto is guaranteed to be its then current Unadjusted Account
Value.

CHARGES

General: The charges which are or may be assessed against your Annuity are the
contingent deferred sales charge, the maintenance fee, tax charges, and a
transfer fee. The insurance charge is assessed against the Sub-accounts of the
Variable Separate Account(s).

Contingent Deferred Sales Charge: The contingent deferred sales charge for each
Purchase Payment is a percentage of the Purchase Payment being liquidated. The
charge decreases as the Purchase Payment ages. The aging of a Purchase Payment
is measured from the date it is allocated to your Annuity. The charge is shown
in the Schedule in the section entitled "Contingent Deferred Sales Charge." The
charge is allocated among the allocation options in the same proportion as the
withdrawal upon which it is assessed.

Maintenance Fee: This is an annual fee deducted at the end of each Annuity Year
or on surrender, if earlier. The amount of this charge is shown in the Schedule.
The fee is determined based upon your entire Unadjusted Account Value. We will
waive all or a portion of this fee if we are required by law or regulation to
meet any minimum nonforfeiture requirements.

As of the Valuation Day the maintenance fee is due, the fee is assessed
proportionately against the Account Value of all investment options to which
your Account Value is allocated. If a total withdrawal is made on other than an
anniversary of the Issue Date, we determine your Account Value and make a
deduction for the maintenance fee the same as though it were due on an Annuity
Year.

Tax Charges: The Annuity includes a charge generally intended to approximate any
applicable premium tax, retaliatory tax and other taxes imposed on us.
(Currently, the State of New York does not impose a premium tax.) In some cases
the tax charges may be more and in some cases less than the actual amount of
taxes we are required to pay with respect to a particular Annuity. We may, in
our discretion, pay these taxes when due and deduct the tax charges from the
Account Value at a later date.

Transfer Fee: The transfer fee is as shown in the Schedule. The fee is deducted
immediately subsequent to a transfer and is taken pro-rata from all Sub-accounts
in which you maintain Account Value as of the Valuation Day for which we price
the applicable transfer. The fee is only charged if there is Account Value in at
least one Sub-account immediately subsequent to such transfer. Transfers of
Account Value from: (a) a Fixed Rate Option on its Maturity Date or within
thirty days thereafter; or (b) from an MVA Option on its Maturity Date or within
thirty days prior thereto, are not subject to the transfer fee and are not
counted in determining whether other transfers may be subject to the transfer
fee. We reserve the right to reduce the transfer fee if the transfer is made
electronically or through another mode we make available.

Insurance Charge: We deduct this charge daily against the assets allocated to
the Sub-accounts during the period(s) shown and at the levels indicated in the
Schedule. The charge is deducted based upon the Annuity's Account Value in the
Variable Separate Account. Any increases or decreases in such Account Value
based on market fluctuations of the Sub-accounts will affect the charge.
Therefore, a portion of the proceeds that we receive from the charge may include
amounts based on market appreciation of the Sub-account values.

OWNER RIGHTS AND DESIGNATIONS

You may exercise the rights, options and privileges granted in this Annuity or
permitted by us. Your rights to make future changes under this Annuity terminate
as of the date we receive notice of death. No rights of survivorship are
provided except as provided herein.

You make certain designations that apply to the Annuity. These designations are
subject to our rules and to various regulatory or statutory requirements
depending on the use of the Annuity. These designations include an Owner(s), an
Annuitant(s), a Contingent Annuitant(s), a Beneficiary(ies), and a contingent
Beneficiary(ies). Certain designations are required, as indicated below.

An Owner must be named. You may name more than one Owner; however, we reserve
the right to limit the number of Owners. If you name more than one Owner, all
rights reserved to Owners are then held equally by all co-Owners. However, if
the Owners each provide us with instruction that we find acceptable, we will
permit an Owner to act independently on behalf of the co-Owners. We require the
consent in Good Order of all co-Owners and any other party with current vested
rights for any transaction for which we require the written consent of Owners.
We will send all communications to the address of the first named Owner.

You must name an Annuitant. We do not accept a designation of joint Annuitants.
If the Annuitant is not an Owner and the Annuitant predeceases any Owner who is
a natural person:

(a) The Owner becomes the Annuitant if no Contingent Annuitant was
designated; and

(b) If there are multiple Owners who are natural persons, the oldest of
such Owners becomes the Annuitant if no Contingent Annuitant was
designated, subject to our age requirements.

Where allowed by law, you may name one or more Contingent Annuitant(s). You may
not name a Contingent Annuitant without our prior approval. If the Annuitant is
not an Owner and the Annuitant dies before the Annuity Date, the Contingent
Annuitant will become the Annuitant. If there is a change of the Annuitant, the
Annuity Date will be based on the age of the new Annuitant; however, the new
Annuity Date must: (a) be on or after the earliest available Annuity Date, reset
for the new Annuitant; and (b) must be consistent with applicable laws and
regulations at the time.

Death benefits are payable to the Beneficiary. You may designate more than one
primary or contingent Beneficiary. If you make such a designation, the proceeds
are payable in equal shares to the survivors in the appropriate Beneficiary
class, unless you request otherwise in Good Order.

Unless otherwise required by law, if the primary Beneficiary(ies) dies before
death proceeds become payable, the proceeds will become payable to the
contingent Beneficiary. If no Beneficiary is alive when death proceeds become
payable, or in the absence of any Beneficiary designation, the proceeds will
vest in any surviving Owner. If there is no surviving Owner, the proceeds will
vest in your estate. For these purposes, the term "surviving Owner" includes any
Owner that is or is not a natural person.

Changing Designations: You may request to change the Owner, Annuitant,
Contingent Annuitant, Beneficiary and contingent Beneficiary designations by
sending us a request in Good Order. Such changes will be effective on the date
the change request form is signed, provided we receive such request in Good
Order. Some of the changes we may not accept include, but are not limited to:
(a) a new Owner subsequent to the death of the Owner or the first of any
co-Owners to die, except where a Spouse-Beneficiary has become the Owner as a
result of an Owner's death; (b) a new Annuitant subsequent to the Annuity Date
if the annuity option selected includes a life contingency; and (c) a new
Annuitant prior to the Annuity Date if the Owner is not a natural person.

Common Disaster: If an Owner is a natural person and if any Beneficiary dies
with the Owner in a common disaster, it must be proved to our satisfaction that
the Owner died first. When there is insufficient evidence to determine the order
of death, then, unless prohibited by law, we will deem the Owner to be the last
survivor and pay the proceeds to any remaining Beneficiary, or if none, to any
remaining contingent Beneficiary, or if none, to the Owner's estate. Unless
information provided indicates otherwise, the Annuity is treated as though the
Beneficiary died first.

If: (a) the Owner is not a natural person; (b) no Contingent Annuitant has been
designated; and (c) the Annuitant and the Beneficiary die in a common disaster,
then it must be proved to our satisfaction that the Annuitant died first. Unless
prohibited by law, when there is insufficient evidence to determine the order of
death, we will deem the Annuitant to be the last survivor and pay the proceeds
to any remaining Beneficiary, or if none, to any remaining contingent
Beneficiary, or if none, to the Owner.

PURCHASE PAYMENTS

Initial Purchase Payment: Issuance of an Annuity represents our acceptance of an
initial Purchase Payment. The amount of your initial Purchase Payment evidenced
by this Annuity is shown in the Schedule. Amounts of Purchase Payments are
allocated to the allocation options according to your instructions.

Additional Purchase Payments: Any Purchase Payment limitation and the minimum
for any additional Purchase Payment are as shown in the Schedule. We reserve the
right to limit or reject certain Purchase Payments. Subject to the "Allocation
Rules" herein, unless you otherwise instruct us, any additional Purchase
Payments will be allocated among the allocation options according to your most
recent allocation instructions. If an allocation option is no longer available,
we reserve the right to allocate that portion to the money market allocation
option.

ACCOUNT VALUE

Account Value in the Sub-accounts: We determine your Account Value separately
for each Sub-account. To determine the Account Value in each Sub-account, we
multiply the Unit Price as of the Valuation Period for which the calculation is
being made times the number of Units attributable to your Annuity in that
Sub-account as of that Valuation Period.

Units: The number of Units attributable to this Annuity in a Sub-account is the
number of Units you purchased less the number of Units liquidated. We determine
the number of Units involved in any transaction specified in dollars by dividing
the dollar value of the transaction by the Unit Price of the affected
Sub-account as of the Valuation Period applicable to such transaction.

Unit Price: The Unit Price for each Sub-account is the net investment factor for
that period, multiplied by the Unit Price for the immediately preceding
Valuation Period. The Unit Price for a Valuation Period applies to each day in
the period.

Net Investment Factor: Each Sub-account has a net investment factor. The net
investment factor is an index that measures the investment performance of, and
charges assessed against, a Sub-account from one Valuation Period to the next.

The net investment factor for a Valuation Period is (a) divided by (b), less
(c), where:

(a) is the net result of:
(1) the net asset value per share of the underlying mutual fund
shares held by that Sub-account at the end of the current
Valuation Period plus the per share amount of any dividend or
capital gain distribution declared and unpaid (accrued) by the
underlying mutual fund, plus or minus
(2) any per share charge or credit during the Valuation Period as a
provision for taxes attributable to the operation or maintenance
of that Sub-account.

(b) is the net result of:
(1) the net asset value per share of the underlying mutual fund
shares held by that Sub-account at the end of the preceding
Valuation Period plus the per share amount of any dividend or
capital gain distribution declared and unpaid (accrued) by the
underlying mutual fund, plus or minus

(2) any per share charge or credit during the preceding Valuation
Period as a provision for taxes attributable to the operation or
maintenance of the Sub-account.
(c) is the insurance charge.

We value the assets in the Sub-accounts at their fair market value in accordance
with accepted accounting practices and applicable laws and regulations. The net
investment factor may be greater than, equal to, or less than one.

Account Value of the Fixed Rate Options: The duration of each Fixed Rate Option
is its Guarantee Period. We will credit interest to any amounts allocated to the
Fixed Rate Options at the daily equivalent of the declared rates. We value each
allocation to a Fixed Rate Option separately. The Account Value of each Fixed
Rate Option is the amount allocated to it at the start of its Guarantee Period
plus the interest credited during its Guarantee Period less any withdrawals and
less any charges assessed.

Account Value of the MVA Options: The duration of each MVA Option is its
Guarantee Period. We will credit interest to any amounts allocated to the MVA
Options at the daily equivalent of the declared rates. We value each allocation
to an MVA Option separately. The Account Value of each MVA Option is the amount
allocated to it at the start of its Guarantee Period plus the interest credited
during its Guarantee Period less any withdrawals and less any charges assessed,
multiplied by the MVA, if applicable.

A formula is used to determine the MVA. The formula is applied separately to
each MVA Option. Values and time durations used in the formula are as of the
date for which the Account Value is being determined. The formula is:
[(1+I)/(1+J+L)] (N/365); where:

I is (a) plus (b); where:

(a) is the Strip Yield as of the date the Guarantee Period began (or
if no Strip Yields are available on such date, the most recent
applicable Strip Yield available to us prior to such date) for
Strips maturing at the end of the applicable MVA Option's
Guarantee Period. If there are no Strips maturing at that time,
we use the Strip Yield for the Strips maturing as soon as
possible after the Guarantee Period ends; and

(b) is the Option-adjusted Spread associated with the Bond Index
shown in the Schedule based on bond prices as of the close of
trading on the date the Guarantee Period began (or if no
Option-adjusted Spread is available on such date, the most recent
applicable Option-adjusted Spread available to us prior to such
date).

J is (c) plus (d); where

(c) is the Strip Yield as of the date the MVA formula is to be
applied (or if no Strip Yields are available on such date, the
most recent applicable Strip Yield available to us prior to such
date) for Strips maturing at the end of the applicable MVA
Option's Guarantee Period. If there are no Strips maturing at
that time, we use the Strip Yield for the Strips maturing as soon
as possible after the Guarantee Period ends; and

(d) is the Option-adjusted Spread associated with the Bond Index
shown in the Schedule based on bond prices as of the close of
trading on the date the MVA formula is to be applied (or if no
Option-adjusted Spread is available on such date, the most recent
applicable Option-adjusted Spread available to us prior to such
date).

L is the liquidity factor shown in the Schedule.

N is the number of days remaining in such MVA Option's Guarantee Period.

A Strip is a direct obligation of the U.S. Treasury. It consists of a Treasury
coupon security broken into individual payments of either the right to receive
the applicable principal payment or the right to the applicable interest
payment. The Strip Yield, for purposes of this Annuity, is the ask yield for
Strips based solely on the right to redeem coupons for interest payments. The
Option-adjusted Spread is the differences between the yields on corporate debt
securities, adjusted to disregard any options available therewith, and the
yields on government debt securities of comparable maturity.

The pricing of distributions and transfers involving MVA Options includes the
determination of any applicable MVA. Any applicable MVA alters the amount
available when all the Account Value in an MVA Option is being transferred or
distributed. Any applicable MVA alters the amount of Unadjusted Account Value
needed when only a portion of the Account Value is being transferred or
distributed. The MVA may change daily to reflect the passage of time and the
change in the applicable index.

No MVA applies in determining an MVA Option's Account Value on its Maturity Date
or within thirty days prior thereto. No MVA is applied to death benefits payable
during the Accumulation Period. We reserve the right to waive the liquidity
factor under certain circumstances including, but not limited to, the Right to
Cancel period.

If the United States Treasury discontinues offering any of the applicable
certificates of indebtedness upon which Strips are based or if there is any
disruption in the market for Strips that would have an impact on our ability to
obtain market valuations for such instruments, we will substitute indices which
in our opinion are comparable. If the Bond Index shown in the Schedule is
discontinued, or if there is any disruption in the market for investment grade
bonds or options on such bonds that would impact the ability to calculate the
index, we will substitute a comparable index. We will obtain the approval of the
Superintendent of Insurance and any other required regulatory approval for
substitution of either or both indices.

ALLOCATION RULES FOR ACCOUNT VALUE

You may allocate your Account Value among the allocation options we make
available. The Variable Separate Account(s) consists of multiple Sub-accounts.
You may maintain Account Value up to the maximum number of Sub-accounts shown in
the Schedule. We reserve the right to limit the availability of allocation
options to additional Purchase Payments or transfers. You may also maintain an
unlimited number of MVA Options and Fixed Rate Options; however, we reserve the
right to limit the amount you may allocate to any MVA Option and Fixed Rate
Option. Should you request a transaction that would leave less than any minimum
amount we then require in an allocation option, we reserve the right, to the
extent permitted by law, to add the balance of your Account Value in the
applicable Sub-account, MVA Option, or Fixed Rate Option to the transaction and
close out your balance in that allocation option.

Transfer Restrictions: We reserve the right to require two business days prior
to any transfer into or out of an MVA Option or Fixed Rate Option if the amount
transferred exceeds $500,000.

Where permitted by law, we may accept your authorization of a third party to
transfer Account Values on your behalf. We may suspend or cancel such acceptance
at any time. We may restrict the allocation options that will be available to
you for transfers or allocations of Purchase Payments during any period in which
you authorize such third party to act on your behalf. We give the third party
you authorize prior notification of any such restrictions. However, we will not
enforce such a restriction if we are provided evidence satisfactory to us that:
(a) such third party has been appointed by a court of competent jurisdiction to
act on your behalf; or (b) such third party has been appointed by you to act on
your behalf for all your financial affairs. We reserve the right to not accept a
transfer request of a third party acting under a power of attorney on behalf of
more than one Owner.

We reserve the right to limit the number of transfers in any Annuity Year for
all existing or new Owners in order to preserve the tax status of your Annuity.
In addition, in light of the risks that frequent transfers impose upon Owners
and other investors in the Variable Separate Account(s) and/or mutual fund
portfolios that serve as funding vehicles for the Sub-accounts, we reserve the
right to limit transfer activity and impose other requirements or charges to
minimize these risks, including but not limited to, requiring a minimum time
period between each transfer, limiting the number of transfers in any Annuity
Year or refusing any transfer request for an Owner or certain Owners.

Please refer to the provision entitled "Maturity" for information on transfers
pertaining to an MVA Option and a Fixed Rate Option.

Withdrawals: Withdrawals of any type are taken proportionally from the
Sub-accounts, Fixed Rate Options, and MVA Options based on the then current
Account Values in such allocation options unless we receive other instructions
from you prior to such withdrawal.

For purposes of calculating the applicable proportion, the Account Value in all
your then current MVA Options is deemed to be in one allocation option. If you
withdraw Account Value from multiple MVA Options and do not provide instructions
indicating the MVA Options from which Account Value should be taken, then: (a)
we take Account Value first from the MVA Option with the shortest amount of time
remaining to the end of its Guarantee Period, and then from the MVA Option with
the next shortest amount of time remaining to the end of its Guarantee Period,
etc.; and (b) if there are multiple MVA Options with the same amount of time
left in each Guarantee Period, then amongst such MVA Options we first take
Account Value from the MVA Option that has the shortest Guarantee Period. If
multiple MVA Options of equal Guarantee Periods have the same amount of time
left to the end of such Guarantee Periods, we withdraw amounts proportionately
from those MVA Options based on the then current Account Value.

For purposes of calculating the applicable proportion, the Account Value in all
your Fixed Rate Options is deemed to be in one allocation option. If you
withdraw Account Value from multiple Fixed Rate Options and do not provide
instructions indicating the Fixed Rate Options from which Account Value should
be taken, then: (a) we take Account Value first from the Fixed Rate Option with
the shortest amount of time remaining to the end of its Guarantee Period, and
then from the Fixed Rate Option with the next shortest amount of time remaining
to the end of its Guarantee Period, etc.; and (b) if there are multiple Fixed
Rate Options with the same amount of time left in each Guarantee Period, then
amongst such Fixed Rate Options we first take Account Value from the Fixed Rate
Option that has the shortest Guarantee Period. If multiple Fixed Rate Options of
equal Guarantee Periods have the same amount of time left to the end of such
Guarantee Periods, we withdraw amounts proportionately from those Fixed Rate
Options based on the then current Account Value.

MATURITY

General: An MVA Option or Fixed Rate Option ends on its Maturity Date at the end
of the Guarantee Period. You may elect to start a new MVA Option or Fixed Rate
Option for a Guarantee Period of equal duration, if we are then making that
duration available.

Transfers from either the MVA Option or Fixed Rate Option follow the same order
of liquidation as described above in the provision entitled "Withdrawals."

Maturity Date of an MVA Option: No MVA applies to transfers of an MVA Option's
Account Value occurring as of its Maturity Date or within thirty days prior
thereto. However, you may not elect to transfer to certain automatic programs we
may offer. At least 45 days prior to the Maturity Date of an MVA Option, we will
notify you of the MVA Guarantee Periods and corresponding interest rates
available on the Maturity Date. If the interest rates have not yet been
determined, we will disclose the current interest rates for those Guarantee
Periods. We must receive instructions from you in Good Order at least two
business days before the Maturity Date. Once you have made an election, and we
have received it, it may not be reversed. If we do not receive instructions from
you at least two business days before the Maturity Date, we allocate the Account
Value in the maturing MVA Option to the money market allocation option, unless
the Maturity Date is the Annuity Date.

Maturity Date of a Fixed Rate Option: Only on the Maturity Date of a Fixed Rate
Option and within 30 days immediately after the Maturity Date, may you elect to
transfer a portion of the Fixed Rate Option's Account Value into subsequent
allocation options we make available on that date, subject to the percentage
restriction indicated in the Schedule. However, we reserve the right to permit
transfers on other than a Maturity Date and the thirty-day period thereafter.
Transfers out of a Fixed Rate Option may not exceed the amount indicated in the
Schedule. We reserve the right to change the transfer amount permitted from a
Fixed Rate Option.

Unless you indicate otherwise, at the end of the 30-day period we will transfer
the entire amount to another Fixed Rate Option of equal duration. We will apply
the interest rate in effect on the date of the transfer to the new Fixed Rate
Option. If, at the end of the 30-day period, we no longer make available Fixed
Rate Options of equal duration, we will transfer the entire amount to a Fixed
Rate Option with the next shortest duration we make available. If we do not make
a shorter Fixed Rate Option available, we will transfer the entire amount to the
money market allocation option. If, during the 30-day period, you elect to
transfer either a percentage or the full amount to a Fixed Rate Option, we will
apply the interest rate in effect on the date of the transfer to the new Fixed
Rate Option.

DISTRIBUTIONS

General: We may require that you submit a request in Good Order to our Office
for any withdrawal or surrender. We may also require that you send your Annuity
to our Office as part of any surrender request. We price any distribution on the
date we receive all materials in Good Order.

Surrender: Surrender of your Annuity for its Surrender Value is permitted.

Free Withdrawals: Each Annuity Year you may withdraw a limited amount of Account
Value without application of any applicable contingent deferred sales charge.
The minimum withdrawal amount and the minimum Surrender Value after a withdrawal
are shown in the Schedule. If you do not make a free withdrawal during an
Annuity Year, you are not permitted to carry over the free withdrawal amount to
a subsequent Annuity Year.

The maximum percentage available each Annuity Year as a free withdrawal is shown
in the Schedule. The percentage is applied to the total amount of "New" Purchase
Payments to determine the maximum free withdrawal amount. "New" Purchase
Payments are those received that are still subject to a contingent deferred
sales charge. The contingent deferred sales charge may apply to withdrawals
exceeding the maximum free withdrawal amount. Amounts withdrawn as free
withdrawals are not treated as a withdrawal of Purchase Payments for purposes of
calculating the free withdrawal amount and the calculation of any applicable
contingent deferred sales charges.

If no contingent deferred sales charge would apply to withdrawal of any Purchase
Payments, you may withdraw all or a portion of your Surrender Value without
application of any contingent deferred sales charge, subject to the minimum
withdrawal amount and subject to the minimum Surrender Value after a withdrawal,
as shown in the Schedule.

Partial Withdrawals: You may withdraw part of your Surrender Value. The minimum
partial withdrawal is as shown in the Schedule. The Surrender Value that must
remain in the Annuity as of the date of this transaction is as shown in the
Schedule. If the amount of the partial withdrawal request exceeds the maximum
amount available, we reserve the right to treat your request as one for a full
surrender.

On a partial withdrawal, the contingent deferred sales charge is assessed
against any "unliquidated" "new" Purchase Payments withdrawn. "Unliquidated"
means not previously withdrawn. For these purposes, amounts are deemed to be
withdrawn from your Annuity in the following order:

(1) From any amount then available as a free withdrawal; then from

(2) "Old" Purchase Payments are those to which any contingent
deferred sales charge no longer applies prior to the withdrawal;
then from

(3) "New" Purchase Payments (If there are multiple "new" Purchase
Payments, the one received earliest is liquidated first, then the
one received next earliest, and so forth); then from

(4) Other Surrender Value.

DEATH BENEFIT

The person upon whose death the death benefit is payable is referred to below as
the "decedent." A death benefit is payable only if your Account Value is greater
than zero. We pay death benefit claims upon receipt of due proof of death of the
relevant decedent, and other documentation we require, in Good Order. If the
Owner is a natural person, the Owner is the decedent upon his or her death. If
there is more than one Owner, each being a natural person, the first of such
Owners to die is the decedent upon his or her death. If the Owner is not a
natural person, and there is no Contingent Annuitant, then the Annuitant is the
decedent and the death benefit is payable upon the Annuitant's death. If the
Owner is not a natural person and we have permitted the naming of a Contingent
Annuitant, and assuming that the Contingent Annuitant was designated before the
Annuitant's death and the Annuitant dies, then the Annuity continues, no death
benefit is payable, and the Contingent Annuitant then becomes the Annuitant.

For purposes of this death benefit provision, "withdrawals" means withdrawals of
any type (including free withdrawals and partial withdrawals) without
consideration of any contingent deferred sales charge or MVA.

The death benefit is as follows, and is subject to items(1) and (2) below:

(1) The death benefit is the greater of (a) and (b), where:

(a) is your Unadjusted Account Value; and

(b) is the minimum death benefit ("Minimum Death Benefit"). The
Minimum Death Benefit is the sum of all Purchase Payments
less the impact of withdrawals as a result of a
"proportional reduction." A proportional reduction is a
reduction caused by each withdrawal. The proportion applied
equals the ratio of the amount of the applicable withdrawal
to the Account Value as of the date of the withdrawal but
immediately prior to the withdrawal.

(2) If a decedent was not named an Owner or Annuitant as of the Issue
Date and did not become such as a result of a prior Owner's or
Annuitant's death, the Minimum Death Benefit is suspended as to
that person for a two-year period from the date he or she first
became an Owner or Annuitant. After the suspension period is
completed, the death benefit is the same as if such person had
been an Owner or Annuitant on the Issue Date. During the
suspension period, the death benefit is your Unadjusted Account
Value. For purposes of this provision, persons named Owner or
Annuitant within 60 days of the Issue Date are treated as if they
were an Owner or Annuitant on the Issue Date.

The amount of the death benefit is determined as of the date we receive due
proof of death in Good Order. As of that date we transfer all amounts due each
Beneficiary to the money market allocation option unless we have all
instructions required to pay the amount due. We shall pay interest not less than
that required by state law on the death benefit from the date we receive due
proof to the date of settlement.

In order to pay a Beneficiary the amount due, we require: (a) all
representations we require or which are mandated by applicable law or regulation
in relation to the death claim and the payment of death proceeds; and (b) any
applicable election of the mode of payment of the death benefit.

In the event of death before the annuity starting date, the benefit must be
distributed within: (a) five years of the date of death of the decedent; or (b)
as to each Beneficiary, over a period not extending beyond the life expectancy
of the Beneficiary or over the life of the Beneficiary. The annuity starting
date means the later of the date the obligation to make annuity payments under
the Annuity becomes fixed or the first day of the period (whether annual,
monthly, or otherwise) that ends on the date of the first annuity payment.
Except as noted below in the spousal continuation provision, we assume that the
death benefit is to be paid out under (a), above, unless we receive a different
election.

The Owner may elect the method of payment to each Beneficiary, subject to our
then current rules, prior to the date of death of the decedent. When no such
election is made as to a specific Beneficiary, such Beneficiary must elect the
method of payment within 60 days of the date we receive all required
documentation in Good Order in order to pay the death benefit to that
Beneficiary. If no election is made within 60 days, the default will be
distribution within five years of the date of death of the decedent as noted in
(a) above. In addition, distribution after a decedent's death to be paid over
the life expectancy or over the life of the Beneficiary under (b), above, must
commence within one year of the date of death.

In the event of death on or after the annuity starting date (as defined above),
we distribute any payments due subsequent to an Owner's death at least as
rapidly as under the method of distribution in effect as of the date of such
Owner's death.

Spousal Continuation: We allow the Spouse to continue the Annuity subsequent to
a death, subject to our rules and subject to our receipt of due proof of death
in Good Order. The situations where the Annuity may continue subsequent to a
death will be determined by us. For example, these situations may include when
on the date we receive due proof of the Owner's or co-Owner's death:

(a) there is only one Owner of the Annuity and there is only one
Beneficiary who is the Owner's Spouse, or

(b) there is an Owner and co-Owner who are married at the date of death of
the decedent, and the surviving Owner is the primary Beneficiary under
the Annuity. If we determine to permit continuation by a surviving
Spouse of the proportion of the Annuity equal to such Spouse's
proportion of the death proceeds, then all references in this section
referring to continuing the Annuity refer only to that applicable
portion of the Annuity.

If the Annuity has not reached the Annuity Date on the date we receive
everything we require to pay the surviving Spouse's death claim, we assume the
election by the surviving Spouse of continuation of the Annuity unless otherwise
notified. If the surviving Spouse has reached the Latest Annuity Date, a new
Annuitant must be named. Spousal Continuation may only occur once.

If a surviving Spouse continues the Annuity, we calculate the Minimum Death
Benefit after the date we receive due proof of the Spouse's death:

(a) using the Account Value, including any increase, as of the date the
death benefit would have otherwise been payable as if it were a
Purchase Payment; and

(b) we ignore all Purchase Payments, withdrawals and values applicable to
such death benefit that occurred before such date.

ANNUITY PAYOUT OPTIONS

General: This Annuity provides for payments under one of the Annuity Payout
Options described below. Any other available Annuity Payout Options in addition
to those shown may be selected with our consent. You will be the payee of the
options made available, unless we receive other instructions in Good Order. You
may elect to have any amount of the proceeds due to a Beneficiary applied under
any of the options described below or any other options we then make available.
If you made such election, a Beneficiary may not alter such election. However,
if you have not previously made such election, a Beneficiary may make such an
election as to the proceeds due that Beneficiary.

Annuity benefits at their commencement will not be less than those that would be
provided by the application of "an amount" to purchase any single consideration
immediate annuity we offer at the same time to the same class of annuitants. "An
amount" is defined as the greater of the Surrender Value or 95% of what the
Surrender Value would be if there were no contingent deferred sales charge.

Annuity payments can be guaranteed for a certain period or for a certain period
and life. You may choose an Annuity Date, an annuity option and the frequency of
annuity payments. Your choice of Annuity Date and annuity option may be limited
depending on your use of the Annuity. The Earliest Available Annuity Date and
Latest Available Annuity Date as of the Issue Date are shown in the Schedule.

You may change your choices at any time up to thirty days before any Annuity
Date you selected. We must receive your request in Good Order. If there is any
remaining contingent deferred sales charge applicable as of the Annuity Date, we
may restrict the availability of certain options we offer. In the Payout Period,
subsequent to the death of the Annuitant, we continue to pay any "certain"
payments (payments not contingent on the continuance of any life) to the named
payee or, if applicable, any named successor payee. The Beneficiary designation
during the Accumulation Period is not applicable to the Payout Period unless you
have indicated otherwise, or we determine that continuance of a designation is
required by law.

If, at the time this Annuity reaches the Payout Period and the Surrender Value
is less than $2,000, or would provide an initial payment amount of less than the
Minimum Annuity Payment shown in the Schedule, we reserve the right to pay you
the Account Value in one lump sum in full satisfaction of our obligations under
this Annuity.

For purposes of the annuity options described below, the term "measuring life"
means the person or persons upon whose life any payments dependent upon the
continuation of life are based.

a) Option 1 - Payments for a Certain Period: Under this option, payments
are made periodically for a specified number of years. The number of
years is subject to our then current rules.

b) Option 2 - Life Income Annuity: Under this option, payments are made
for as long as the Annuitant lives, with payments certain for 120
months. We may make other modal payment durations available.

We reserve the right to require evidence satisfactory to us of the age of any
"measuring life" upon whose life payment amounts are calculated prior to
commencement of any annuity payments.

Default Annuity Option: In the absence of an election we receive in Good Order,
we will apply the Default Annuity Option shown in the Schedule.

Fixed Annuity Payments: Fixed annuity payments under Option 1 or 2 above do not
fluctuate. Interest at a rate not less than that shown in the Annuity Tables
provision is applied from the Annuity Date to the Annuity Payment Date, and the
payment amount will be determined based on the annuity rates for the annuity
option and frequency of payment selected. The annuity rates per $1,000 of value
for Monthly Fixed Annuity Payments under Options 1 and 2 above will not be less
than those shown in the Annuity Tables.

GENERAL PROVISIONS

Entire Contract: This Annuity, including any riders, endorsements, schedule
supplements, and amendments that are made part of this Annuity are the entire
contract. This Annuity may be changed or modified only in a writing signed by
our President, a Vice President, or Secretary. We are not bound by any promises
or representations made by or to any other person.

Incontestability: We will not contest this Annuity. Any statements made in
applying for the Annuity are considered representations, not warranties.

Values and Benefits: Any Surrender Value or death benefit provided under this
Annuity is not less than that required by the laws of the state in which this
Annuity is delivered.

Misstatement of Age or Sex: If there has been a misstatement of the age and/or
sex of any person upon whose life any amounts we are obligated to determine in
order to make any payment, including charges and annuity payments, the minimum
death benefit or any increase to Account Value under the Spousal Continuation
provision, we will adjust such amounts to conform to that for the correct age
and/or sex. As to annuity payments: (a) any underpayments by us will be remedied
on the next payment following correction with interest at a rate not more than
6%; and (b) any overpayments by us will be charged against future amounts
payable by us under your Annuity.

Transfers, Assignments or Pledges: Generally, your rights in an Annuity may be
transferred, assigned or pledged for loans. However, these rights may be limited
depending on your use of the Annuity. You may transfer, assign or pledge your
rights to another person, prior to any death upon which the death benefit is
payable. You must request a transfer or provide us a copy of the assignment in
Good Order. A notice of transfer or assignment is subject to our acceptance.
Prior to receipt of this notice, we will not be deemed to know of or be
obligated under any assignment prior to our receipt and acceptance thereof. We
assume no responsibility for the validity or sufficiency of any assignment.
During any period we consider your Annuity subject to an assignment, the rights
of any Beneficiary (ies) are subordinate to those of any assignee(s). There may
be income tax consequences associated with transfers, assignments or pledges.

Nonparticipation: The Annuity does not share in our profits or surplus earnings.

Deferral of Transactions: We may defer any annuity payment for a period not to
exceed the lesser of 6 months or the period permitted by law. If we defer a
distribution or transfer from any MVA Option, Fixed Rate Option, or any fixed
annuity payout for more than ten days, we pay interest not less than that
required by law, unless the amount of interest to be paid would be less than
$25. We may defer any distribution from any Sub-account or any transfer from a
Sub-account for a period not to exceed seven calendar days from the date the
transaction is effected. Any other deferral period begins on the date such
distribution or transfer would otherwise have been transacted.

In addition to the transfer restrictions above, all transactions into, out of,
or based on any Sub-account may be postponed whenever: (1) the New York Stock
Exchange is closed (other than customary holidays or weekends) or trading on the
New York Stock Exchange is restricted as determined by the SEC; (2) the SEC
permits postponement and so orders; or (3) the SEC determines that an emergency
exists making valuation or disposal of securities not reasonably practical.

Elections, Designations, Changes and Requests: All elections, designations,
changes and requests must be received by us in Good Order and are effective only
after they have been approved by us, subject to any transactions made by us
before receipt of such notices. We inform you of any changes to your Annuity
that materially affect your rights.

Claims of Creditors: To the extent permitted by law, no payment or value under
this Annuity is subject to the claims of your creditors or those of any other
Owner, any Annuitant, or any Beneficiary.

Evidence of Survival: Before we make a payment, we have the right to require
proof of continued life and any other documentation we need to make a payment.
We can require this proof for any person whose life or death determines whether
or to whom we must make the payment.

Tax Reporting and Withholding: We comply with all applicable federal and state
tax reporting and withholding laws and regulations with respect to this Annuity.
Events giving rise to such tax reporting and withholding include, but are not
limited to: (a) annuity payments; (b) payment of death benefits; (c) other
distributions from the Annuity; and (d) transfers and assignments.

Facility of Payment: Subject to applicable law, we reserve the right, in
settlement of full liability, to make payments to a guardian, conservator or
other legal representative if a payee is legally incompetent.

Participation and Termination of Certain Programs We May Offer: To elect to
participate or to terminate participation in any program we may offer, we may
require receipt at our Office of a request in Good Order.

Reports to You: We provide reports to you. We will provide you with reports at
least once annually showing your Account Value and other relevant information
about your Annuity. You may request additional reports. We reserve the right to
charge up to $50 for each such additional report.

Reserved Rights: In addition to rights specifically reserved elsewhere in this
Annuity, we reserve the right to perform any or all of the following: (a)
combine a Sub-account with other Sub-accounts; (b) combine the Variable Separate
Account(s) shown in the Schedule with other "unitized" separate accounts; (c)
terminate offering certain Guarantee Periods for new or renewing MVA Options or
Fixed Rate Options; (d) combine the MVA Separate Account shown in the Schedule
with other "non-unitized" separate accounts; (e) deregister the Variable
Separate Account(s) shown in the Schedule under the Investment Company Act of
1940; (f) operate the Variable Separate Account(s) shown in the Schedule as a
management investment company under the Investment Company Act of 1940 or in any
other form permitted by law; (g) make changes required by any change in the
Securities Act of 1933, the Securities Exchange Act of 1934, the Investment
Company Act of 1940, or any changes to the Securities and Exchange Commission's
interpretation thereof; (h) make changes that are necessary to maintain the tax
status of your Annuity, any rider, amendment or endorsement attached hereto or
any charge or distribution from your Annuity under the Internal Revenue Code;
(i) to establish a provision for federal income taxes if we determine, in our
sole discretion, that we will incur a tax as a result of the operation of the
Separate Account; and (j) make any changes required by Federal or state laws
with respect to annuity contracts. We reserve the right to modify this Annuity
without receiving your prior consent, except as may be required by any
applicable law, if we are required to make changes necessary to comply with
state regulatory requirements, Internal Revenue Service ("IRS") requirements or
other federal requirements.

We may eliminate Sub-accounts, or substitute one or more new underlying mutual
funds or portfolios for the one in which a Sub-account is invested.
Substitutions may be necessary if we believe an underlying mutual fund or
portfolio no longer suits the purpose of the Annuity. This may happen due to a
change in laws or regulations, or a change in the investment objectives or
restrictions of an underlying mutual fund or portfolio, or because the
underlying mutual fund or portfolio is no longer available for investment, or
for some other reason. We would obtain the approval of the Superintendent of
Insurance and any other prior approval as required by any applicable law.

ANNUITY TABLES

The rates in Tables 1 and 2 below are applied to the Account Value to compute
the minimum amount of the annuity payment for fixed payout options. Table 1 is
used to compute the minimum annuity payment under Option 1 (Payment for a
Certain Period Option). Table 2 is used to compute the minimum initial annuity
payment under Option 2 (Life Income Annuity Option with 120 Months Certain
Period). The rates used in each table are applied per $1,000 of, Account Value,
as of the Annuity Date. If there is any remaining contingent deferred sales
charge applicable as of the Annuity Date, we may restrict the availability of
certain Annuity Payout Options we offer. We used an interest rate of 1.5% per
year in preparing Table 1 and an interest rate of 3% per year in preparing Table
2. Table 2 assumes 120 payments certain. The annuity payments in Table 2 are
based on the Annuitant's "adjusted age" and sex. The adjusted age is the
Annuitant's age as of the Annuitant's last birthday prior to the date on which
the first payment is due, adjusted as shown in the "Translation of Adjusted Age"
table below. When we computed the amounts shown in Table 2, we used the Annuity
2000 valuation mortality table, with two-year age setbacks and projected
mortality improvement factors (modified Scale G) projected from the age at
annuitization to the age at which the probability of survival is needed in the
calculation of the annuity payment.

- -------------------------------------------------------------------------------------------------------------------
Translation of Adjusted Age
- -------------------------------------------------------------------------------------------------------------------
Calendar Year in Which First Calendar Year in Which
Payment Is Due Adjusted Age First Payment Is Due Adjusted Age
- ------------------------------ ---------------------------- ----------------------------- -------------------------

Prior to 2010 Actual Age 2050 through 2059 Actual Age minus 5
- ------------------------------ ---------------------------- ----------------------------- -------------------------
2010 through 2019 Actual Age minus 1 2060 through 2069 Actual Age minus 6
- ------------------------------ ---------------------------- ----------------------------- -------------------------
2020 through 2029 Actual Age minus 2 2070 through 2079 Actual Age minus 7
- ------------------------------ ---------------------------- ----------------------------- -------------------------
2030 through 2039 Actual Age minus 3 2080 through 2089 Actual Age minus 8
- ------------------------------ ---------------------------- ----------------------------- -------------------------
2040 through 2049 Actual Age minus 4 2090 through 2099 Actual Age minus 9
- ------------------------------ ---------------------------- ----------------------------- -------------------------

Amount of Monthly Payment For Each $1,000 Applied

Option 1 - Payments for a Certain Period

- -------------------------------------------------------------------------------------------------------------------
Table 1 - Fixed Payments for a Certain Period
- --------------- ------------ ------------ -------------- --------------- -------------- -------------- ------------
Number of Monthly Number of Monthly Number of Monthly Number of Monthly
Years Payment Years Payment Years Payment Years Payment
- --------------- ------------ ------------ -------------- --------------- -------------- -------------- ------------

1 $83.90 8 $11.04 14 $6.59 20 $4.81
- --------------- ------------ ------------ -------------- --------------- -------------- -------------- ------------
2 42.26 9 9.89 15 6.20 21 4.62
- --------------- ------------ ------------ -------------- --------------- -------------- -------------- ------------
3 28.39 10 8.96 16 5.85 22 4.44
- --------------- ------------ ------------ -------------- --------------- -------------- -------------- ------------
4 21.45 11 8.21 17 5.55 23 4.28
- --------------- ------------ ------------ -------------- --------------- -------------- -------------- ------------
5 17.28 12 7.58 18 5.27 24 4.13
- --------------- ------------ ------------ -------------- --------------- -------------- -------------- ------------
6 14.51 13 7.05 19 5.03 25 3.99
- --------------- ------------ ------------ -------------- --------------- -------------- -------------- ------------
7 12.53
- --------------- ------------ ------------ -------------- --------------- -------------- -------------- ------------

Option 2 - Life Income Annuity with 120 Months Certain Period

- -------------------------------------------------------------------------------------------------------------------
Table 2 - Fixed Life Income Annuity with 120 Months Certain Period
- -------------------------------------------------------------------------------------------------------------------
Adjusted Adjusted Adjusted
Age Male Female Age Male Female Age Male Female
- -------------- ---------- ---------- --------------- ------------ ------------ ------------ ---------- ------------

41 $3.40 $3.25 61 $4.66 $4.32 81 $7.67 $7.33
- -------------- ---------- ---------- --------------- ------------ ------------ ------------ ---------- ------------
42 3.44 3.29 62 4.76 4.41 82 7.85 7.53
- -------------- ---------- ---------- --------------- ------------ ------------ ------------ ---------- ------------
43 3.48 3.32 63 4.87 4.50 83 8.02 7.73
- -------------- ---------- ---------- --------------- ------------ ------------ ------------ ---------- ------------
44 3.53 3.35 64 4.98 4.60 84 8.18 7.93
- -------------- ---------- ---------- --------------- ------------ ------------ ------------ ---------- ------------
45 3.57 3.39 65 5.10 4.71 85 8.33 8.12
- -------------- ---------- ---------- --------------- ------------ ------------ ------------ ---------- ------------
46 3.62 3.43 66 5.23 4.82 86 8.48 8.29
- -------------- ---------- ---------- --------------- ------------ ------------ ------------ ---------- ------------
47 3.67 3.47 67 5.36 4.94 87 8.62 8.46
- -------------- ---------- ---------- --------------- ------------ ------------ ------------ ---------- ------------
48 3.72 3.51 68 5.49 5.06 88 8.75 8.61
- -------------- ---------- ---------- --------------- ------------ ------------ ------------ ---------- ------------
49 3.77 3.56 69 5.64 5.19 89 8.87 8.75
- -------------- ---------- ---------- --------------- ------------ ------------ ------------ ---------- ------------
50 3.83 3.61 70 5.78 5.33 90 8.98 8.88
- -------------- ---------- ---------- --------------- ------------ ------------ ------------ ---------- ------------
51 3.88 3.66 71 5.94 5.48 91 9.08 8.99
- -------------- ---------- ---------- --------------- ------------ ------------ ------------ ---------- ------------
52 3.95 3.71 72 6.10 5.63 92 9.16 9.09
- -------------- ---------- ---------- --------------- ------------ ------------ ------------ ---------- ------------
53 4.01 3.76 73 6.26 5.79 93 9.24 9.18
- -------------- ---------- ---------- --------------- ------------ ------------ ------------ ---------- ------------
54 4.08 3.82 74 6.43 5.96 94 9.32 9.26
- -------------- ---------- ---------- --------------- ------------ ------------ ------------ ---------- ------------
55 4.15 3.88 75 6.60 6.14 95 9.38 9.33
- -------------- ---------- ---------- --------------- ------------ ------------ ------------ ---------- ------------
56 4.22 3.94 76 6.78 6.33
- -------------- ---------- ---------- --------------- ------------ ------------ ------------ ---------- ------------
57 4.30 4.01 77 6.95 6.52
- -------------- ---------- ---------- --------------- ------------ ------------ ------------ ---------- ------------
58 4.38 4.08 78 7.13 6.71
- -------------- ---------- ---------- --------------- ------------ ------------ ------------ ---------- ------------
59 4.47 4.16 79 7.31 6.92
- -------------- ---------- ---------- --------------- ------------ ------------ ------------ ---------- ------------
60 4.56 4.24 80 7.49 7.12
- -------------- ---------- ---------- --------------- ------------ ------------ ------------ ---------- ------------

(THIS PAGE IS INTENTIONALLY LEFT BLANK)

PRUCO LIFE INSURANCE COMPANY OF NEW JERSEY (A Stock Company)
751 BROAD STREET
NEWARK, NEW JERSEY 07102

INDIVIDUAL FLEXIBLE PREMIUM DEFERRED VARIABLE ANNUITY
NON-PARTICIPATING
SUB-ACCOUNTS, FIXED RATE OPTIONS, AND MARKET VALUE ADJUSTED ("MVA")
OPTIONS ALL MAY BE MADE AVAILABLE

Payout options are specified in the Annuity. Other options may be made
available.

EX-99.4B
4
d18381_ex4b.txt

EXHIBIT 4(b)

PRUCO LIFE INSURANCE COMPANY OF NEW JERSEY
751 BROAD STREET
NEWARK, NEW JERSEY 07102

(A Stock Company)

RIGHT TO CANCEL: You may return this Annuity to our Office or to the
representative who sold it to you for a refund within ten days after you receive
it, or longer if required by applicable law or regulation. It can be mailed or
delivered either to us, at our Office, or to the representative who sold it to
you. Return of this Annuity by mail is effective on being postmarked, properly
addressed and postage prepaid. The amount of the refund will be an amount equal
to the sum of (i) the difference between the Purchase Payment(s) received
(including any fees or other charges deducted from gross considerations) and the
amount(s) allocated to the Fixed Rate Options and Sub-accounts under the
Annuity, and (ii) the Account Value as of the Valuation Day the Annuity is
returned to us. We recover any Credits upon exercise of the Right to Cancel.
After the Right to Cancel period ends, we reserve the right to recapture any
unamortized Credit we granted within 12 months of the decedent's death.

Signed for Pruco Life Insurance Company of New Jersey:

[________________________] [________________________]
Secretary President

INDIVIDUAL FLEXIBLE PREMIUM DEFERRED VARIABLE ANNUITY
NON-PARTICIPATING
SUB-ACCOUNTS AND FIXED RATE OPTIONS ALL MAY BE MADE AVAILABLE

Payout options are specified in the Annuity.
Other options may be made available.

TABLE OF CONTENTS

DEFINITIONS ..................................................................7
RIDERS OR ENDORSEMENTS........................................................9
ALLOCATION OF ACCOUNT VALUE...................................................9
CREDITS .....................................................................10
OPERATION OF THE SEPARATE ACCOUNTS...........................................11
CHARGES .....................................................................12
OWNER RIGHTS AND DESIGNATIONS................................................13
PURCHASE PAYMENTS............................................................14
ACCOUNT VALUE ...............................................................14
ALLOCATION RULES FOR ACCOUNT VALUE...........................................15
MATURITY ....................................................................16
DISTRIBUTIONS ...............................................................17
DEATH BENEFIT ...............................................................18
ANNUITY PAYOUT OPTIONS.......................................................20
GENERAL PROVISIONS...........................................................21
ANNUITY TABLES...............................................................23

SCHEDULE

ANNUITY NUMBER: [001-00001] ISSUE DATE: [MARCH 1, 2006]

TYPE OF BUSINESS: [NON-QUALIFIED]

OWNER: [JOHN DOE] DATE OF BIRTH: [OCTOBER 21, 1970] SEX: [MALE]

OWNER: [MARY DOE] DATE OF BIRTH: [OCTOBER 15, 1970] SEX: [FEMALE]

ANNUITANT: [JOHN DOE] DATE OF BIRTH: [OCTOBER 21,1970] SEX: [MALE]

LATEST AVAILABLE ANNUITY DATE: THE FIRST DAY OF THE CALENDAR MONTH FIRST
FOLLOWING THE ANNUITANT'S 95TH BIRTHDAY. THE MAXIMUM ANNUITY AGE IS 95.

EARLIEST AVAILABLE ANNUITY DATE: ONE YEAR FROM THE ISSUE DATE, OR ONE YEAR FROM
THE DATE ANY NEW ANNUITANT BECOMES THE ANNUITANT.

DEFAULT ANNUITY OPTION: IN THE ABSENCE OF AN ELECTION WE RECEIVE IN GOOD ORDER,
MONTHLY PAYMENTS WILL COMMENCE UNDER FIXED LIFE INCOME ANNUITY OPTION 2 WITH 120
MONTHS CERTAIN.

PURCHASE PAYMENT: $[1,000]

[PURCHASE PAYMENT LIMITATION: PURCHASE PAYMENTS WILL BE ACCEPTED UP TO AND
INCLUDING [AGE 85] BASED ON THE OLDEST NATURAL OWNER OR THE ANNUITANT IF THE
ANNUITY IS OWNED BY AN ENTITY]

MINIMUM ADDITIONAL PURCHASE PAYMENT: $[100]

MINIMUM ADDITIONAL PURCHASE PAYMENT UNDER AUTOMATIC PURCHASE PLANS: $[50]

MINIMUM WITHDRAWAL AMOUNT: $[100]

MAXIMUM FREE WITHDRAWAL: [10%]

MINIMUM SURRENDER VALUE AFTER WITHDRAWAL: $[1,000]

MINIMUM ANNUITY PAYMENT: $20 PER MONTH

MAXIMUM NUMBER OF SUB-ACCOUNTS IN WHICH YOU MAY MAINTAIN ACCOUNT
VALUE: [NOT APPLICABLE]

MINIMUM TRANSFER AMOUNT: $[50. WE RESERVE THE RIGHT TO WAIVE THE MINIMUM
TRANSFER AMOUNT.]

SCHEDULE (CONTINUED)

CONTINGENT DEFERRED SALES CHARGE:

LENGTH OF TIME PERCENTAGE OF PURCHASE
SINCE PURCHASE PAYMENT PAYMENTS BEING LIQUIDATED

0-1 year 9.0%
1-2 years 8.5%
2-3 years 8.0%
3-4 years 7.0%
4-5 years 6.0%
5-6 years 5.0%
6-7 years 4.0%
7-8 years 3.0%
8-9 years 2.0%
9 + years 0.0%

CREDITS:

WE ADD A CREDIT TO YOUR ANNUITY WITH EACH PURCHASE PAYMENT RECEIVED.

IF THE SOLE OWNER OR THE OLDER OF THE OWNER OR CO-OWNER IS AGE [80 OR
YOUNGER] AT THE TIME EACH PURCHASE PAYMENT IS RECEIVED, WE WILL ADD A
CREDIT EQUAL TO [5.0%] OF THAT PURCHASE PAYMENT.

IF THE SOLE OWNER OR THE OLDER OF THE OWNER OR CO-OWNER IS BETWEEN AGES [81
AND 85] AT THE TIME EACH PURCHASE PAYMENT IS RECEIVED, WE WILL ADD A CREDIT
EQUAL TO [3.0%] OF THAT PURCHASE PAYMENT.

THE MAXIMUM AGE AT WHICH WE ADD A CREDIT IS AGE [85].]

IF YOU SELECTED EITHER A B-SHARE OR L-SHARE ANNUITY PRODUCT THAT DID NOT CONTAIN
A CREDIT, THE INSURANCE CHARGE AND CONTINGENT DEFERRED SALES CHARGE FOR THAT
PRODUCT WOULD BE LOWER, AS SHOWN IN THE FOLLOWING CHART.

- ------------------------------------- ----------------------------------- -----------------------------------
ANNUITY PRODUCT INSURANCE CHARGE CONTINGENT DEFERRED SALES CHARGE
- ------------------------------------- ----------------------------------- -----------------------------------

B-SHARE [1.15%] 7%, 6%, 5%, 4%, 3%, 2% 1%
- ------------------------------------- ----------------------------------- -----------------------------------
L-SHARE [1.50%] 7%, 6%, 5%, 4%
- ------------------------------------- ----------------------------------- -----------------------------------

TRANSFER AMOUNT ALLOWED FROM A FIXED RATE OPTION: [100% OF THE ACCOUNT VALUE OF
THE MATURING FIXED RATE OPTION ON ITS MATURITY DATE OR WITHIN 30 DAYS
AFTER THE MATURITY DATE.]

MAINTENANCE FEE: LESSER OF $30 OR 2% OF ACCOUNT VALUE, BUT ONLY IF THE ACCOUNT
VALUE AT THE TIME THE FEE IS DUE IS LESS THAN $[100,000]. WE RESERVE
THE RIGHT TO CHANGE THE AMOUNT OVER WHICH WE WILL WAIVE THE MAINTENANCE
FEE.

INSURANCE CHARGE: [1.55%]

[FIXED RATE OPTION:
MINIMUM INTEREST CREDITING RATE: [3.0%]

INITIAL ADDITIONAL ONE-YEAR
INTEREST CREDITING RATE FOR
GUARANTEE PERIODS INITIAL INTEREST RATE THE GUARANTEE PERIOD SHOWN

[1 year X% X%
2 years X% X%
3 years X% X%
4 years X% X%
5 years X% X%
6 years X% X%
7 years X% X%
8 years X% X%
9 years X% X%
10 years X% X%]

SCHEDULE (CONTINUED)

PLEASE NOTE THAT THE GUARANTEE PERIODS AND CORRESPONDING INITIAL INTEREST
RATES SHOWN ARE THOSE YOU SELECTED AT THE ISSUE DATE OF THIS ANNUITY. WE
MAY OFFER DIFFERENT GUARANTEE PERIODS OF DIFFERENT DURATION AFTER THE ISSUE
DATE. THE INITIAL INTEREST RATES SHOWN ARE EFFECTIVE ONLY AS OF THE ISSUE
DATE. THE INTEREST RATES FOR NEW FIXED RATE OPTIONS MAY BE CHANGED
PERIODICALLY.]

VARIABLE SEPARATE ACCOUNT(S): [PRUCO LIFE OF NEW JERSEY FLEXIBLE PREMIUM
VARIABLE ANNUITY ACCOUNT]

OFFICE: [PRUDENTIAL ANNUITY SERVICE CENTER
P.O. BOX 7960
PHILADELPHIA, PA 19176
TOLL-FREE: 1-888-PRU-2888
WEBSITE: WWW.PRUDENTIAL.COM]
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DEFINITIONS

Account Value: The value of each allocation to a Sub-account or Fixed Rate
Option, prior to the Annuity Date, plus any earnings and/or less any losses,
distributions, and charges thereon, before assessment of any applicable
contingent deferred sales charge, any applicable tax charges, any charges
assessable as a deduction from the Account Value for any optional benefits
provided by rider or endorsement and any applicable maintenance fee. Account
Value is determined separately for each Sub-account and for each Fixed Rate
Option, and then totaled to determine Account Value for your entire Annuity.

Accumulation Period: The period of time from the Issue Date through the
Valuation Day preceding the Annuity Date.

Annuitant(s): Annuity payments are based upon this person's(s') life (lives).

Annuity Date: The date on which we apply your Account Value to the applicable
annuity option and begin the Payout Period.

Annuity Payment Date: The date the first annuity payment is payable.

Annuity Years: Continuous 12-month periods commencing on the Issue Date and each
anniversary of the Issue Date.

Beneficiary(ies): The person(s) or entity(ies) designated as the recipient of
the death benefit.

Current Rates: The interest rates we offer to credit to Fixed Rate Options for
the duration of newly beginning Guarantee Periods under this Annuity. Current
Rates are contained in a schedule of rates established by us from time to time
for the Guarantee Periods then being offered. We may establish different
schedules for different classes and for different annuities.

Fixed Rate Option(s): An allocation option that is credited a fixed rate of
interest for a specified Guarantee Period and is to be supported by assets in
our general account.

Guarantee Period: A period of time during which we credit a fixed rate of
interest on a Fixed Rate Option.