M&A - PRUCO LIFE OF NEW JERSEY VARIABLE APPRECIABLE ACCOUNT

Form Type: 497

Filing Date: 2025-01-23

Corporate Action: Merger

Type: Update

Accession Number: 000074131325000005

Filing Summary: This document is a supplement updating the prospectus for Pruco Life of New Jersey Variable Appreciable Account's variable universal life insurance contracts. It announces significant changes in the Advanced Series Trust (AST) regarding the management and restructuring of investment portfolios. The AST International Equity Portfolio has restated its expenses and established a new subadvisory arrangement as of January 13, 2025. Additionally, a merger is set for January 27, 2025, where the AST MFS Global Equity Portfolio will merge into the AST Large-Cap Equity Portfolio; assets from the merging fund will transfer to the successor fund, and references to the merging fund will be deleted. Another merger is also scheduled for February 10, 2025, with the AST Global Bond Portfolio merging into the AST Core Fixed Income Portfolio under similar conditions. These changes will affect the investment options available within the contracts, and all related allocation programs will be updated accordingly.

Form Type: 497

Filing Date: 2025-01-23

Corporate Action: Merger

Type: Update

Accession Number: 000074131325000009

Filing Summary: On January 27, 2025, the AST Cohen & Steers Realty Portfolio will merge into the AST Large-Cap Equity Portfolio. All assets from the merging Fund will automatically transfer to the successor Fund. This change will result in the addition of the AST Large-Cap Equity Portfolio as an available investment option for Contract holders. Additionally, premium allocations, dollar cost averaging, auto-rebalancing, and allocated charges programs that involve the merging Fund will automatically update to reflect this merger, replacing the merging Fund with the successor Fund. References to the AST Cohen & Steers Realty Portfolio will be deleted from all pertinent documentation, including Appendix A, which outlines the Funds Available Under the Contract. The specifications of the AST Large-Cap Equity Portfolio, which include its investment management and performance metrics, will be provided as part of this update.

Form Type: 497

Filing Date: 2025-01-23

Corporate Action: Merger

Type: Update

Accession Number: 000074131325000011

Filing Summary: This prospectus supplement updates and amends certain information for PruLife® Custom Premier II Contracts as of January 23, 2025. Significant changes include the announcement by the Advanced Series Trust (AST) of various mergers of investment portfolios. On January 27, 2025, the AST Cohen & Steers Realty Portfolio and the AST MFS Global Equity Portfolio will merge into the AST Large-Cap Equity Portfolio, with all assets being transferred automatically. Consequently, the AST Large-Cap Equity Portfolio will become an available investment option under the Contract. Additionally, on February 10, 2025, the AST Global Bond Portfolio will merge into the AST Core Fixed Income Portfolio, with a similar automatic transfer of assets. With these adjustments, references to the merging Funds will be removed from the relevant documentation, and premium allocation, dollar-cost averaging, and auto-rebalancing programs will be updated accordingly. The update also includes performance details and current expense ratios for the involved funds, which may affect customers' investment strategies.

Form Type: 497

Filing Date: 2025-01-23

Corporate Action: Merger

Type: Update

Accession Number: 000074131325000015

Filing Summary: This prospectus supplement updates and amends certain information for the variable universal life insurance contracts of Pruco Life Insurance Company of New Jersey. Significant changes include the upcoming merger of AST MFS Global Equity Portfolio into AST Large-Cap Equity Portfolio on January 27, 2025, leading to an automatic transfer of all assets from the merging fund to the successor fund. Additionally, AST Global Bond Portfolio will merge into AST Core Fixed Income Portfolio on February 10, 2025, with similar automatic transfers and updates. This update affects the available investment options for the contracts, which will reflect the successor funds instead of the merging funds, and provides key details on the expense ratios and performance metrics of the new funds.

Form Type: 497

Filing Date: 2025-01-23

Corporate Action: Merger

Type: Update

Accession Number: 000074131325000018

Filing Summary: This document serves as a prospectus supplement for the Pruco Life Variable Universal Account, updating certain information relevant to variable universal life insurance contracts. Key highlights include the announcement from the Advanced Series Trust (AST) concerning changes to its portfolios. Specifically, on January 27, 2025, the AST MFS Global Equity Portfolio will merge with the AST Large-Cap Equity Portfolio, consequently transferring all assets from the merging fund to the successor fund. Pertaining to this merger, the AST Large-Cap Equity Portfolio will be newly available as an investment option within the contract. Additionally, on February 10, 2025, the AST Global Bond Portfolio will merge into the AST Core Fixed Income Portfolio, with similar asset transfer and replacement processes taking place. References to the merging funds will be completely removed from the documentation, ensuring that only the successor funds remain listed. Furthermore, the document includes detailed information on current expenses and average annual total returns for the involved funds, along with an emphasis on the need for policyholders to retain this supplement for future reference.

Form Type: 497

Filing Date: 2025-01-23

Corporate Action: Merger

Type: Update

Accession Number: 000074131325000021

Filing Summary: This document serves as a prospectus supplement for the Pruco Life of New Jersey Variable Appreciable Account, detailing updates to the variable universal life insurance Contracts. It addresses significant changes involving the Advanced Series Trust (AST) funds. Specifically, it mentions that on January 13, 2025, the AST International Equity Portfolio restated its expenses and established a new subadvisory arrangement. Furthermore, on January 27, 2025, the AST MFS Global Equity Portfolio will merge into the AST Large-Cap Equity Portfolio, with all assets being automatically transferred to the successor fund. This change includes automatic updates to premium allocation, dollar cost averaging (DCA), auto-rebalancing, and associated charges programs. All references to the merging fund will henceforth be removed. Another merger is scheduled for February 10, 2025, as the AST Global Bond Portfolio is set to merge into the AST Core Fixed Income Portfolio, with similar asset transfers and updates to investment options. The updates will affect the schedules and available funds listed in Appendix A of the document, requiring retention of this supplement for future reference.

Form Type: 497

Filing Date: 2025-01-23

Corporate Action: Merger

Type: Update

Accession Number: 000074131325000025

Filing Summary: This supplement dated January 23, 2025, provides updates to the prospectus of PruLife® Custom Premier II Contracts following changes announced by the Advanced Series Trust (AST). Notable changes include the merger of the AST Cohen & Steers Realty Portfolio and AST MFS Global Equity Portfolio into the AST Large-Cap Equity Portfolio on January 27, 2025. Consequently, all assets from the merging funds will be transferred to the successor fund, which will be added as an investment option in the contracts. Premium allocations and associated programs will be updated accordingly. Further, on February 10, 2025, the AST Global Bond Portfolio will merge into the AST Core Fixed Income Portfolio, with similar asset transfers and updates to premium allocation and other investment programs. This supplement serves to inform contract holders of these changes which will impact the available investment options for their variable universal life insurance contracts.

Form Type: 497VPI

Filing Date: 2025-01-23

Corporate Action: Merger

Type: Update

Accession Number: 000074131325000024

Filing Summary: This document serves as a prospectus supplement for the Pruco Life Variable Universal Account, highlighting significant updates to the related variable universal life insurance contracts. Notably, the Advanced Series Trust (AST) is undergoing several important changes. On January 13, 2025, the AST International Equity Portfolio will restate its expenses and form a new subadvisory arrangement. Additionally, on January 27, 2025, the AST MFS Global Equity Portfolio will merge into the AST Large-Cap Equity Portfolio, leading to an automatic transfer of all assets and eligibility for the successor Fund in the contract options. Consequently, references to the merging Fund will be removed. Similarly, the AST Global Bond Portfolio is set to merge into the AST Core Fixed Income Portfolio starting February 10, 2025, with similar implications for asset management and fund references. These updates also imply adjustments in premium allocation, dollar-cost averaging, auto-rebalancing, and allocated charges related to the affected funds. The detailed expense ratios and performance metrics for the new funds have also been provided for reference.

Form Type: 497VPI

Filing Date: 2025-01-23

Corporate Action: Merger

Type: Update

Accession Number: 000074131325000034

Filing Summary: This document serves as a supplement to the prospectus and summary prospectus for the VUL Protector and PruLife SVUL Protector Contracts, specifically detailing updates on the Advanced Series Trust. Key updates include a restatement of expenses for the AST International Equity Portfolio, and two upcoming mergers: on January 27, 2025, the AST MFS Global Equity Portfolio will merge into the AST Large-Cap Equity Portfolio, with all assets being transferred automatically and premium allocations adjusted accordingly. Following this, on February 10, 2025, the AST Global Bond Portfolio will merge into the AST Core Fixed Income Portfolio, with similar asset transfer and allocation adjustments. References to the merging funds will be removed from the documents, and new rows reflecting the successor funds will be included in Appendix A of the contract.

Form Type: 497VPI

Filing Date: 2025-01-23

Corporate Action: Merger

Type: Update

Accession Number: 000074131325000038

Filing Summary: This supplement, dated January 23, 2025, updates the prospectus for PruLife® Custom Premier II Contracts. It announces several significant changes regarding the Advanced Series Trust (AST). Notably, on January 27, 2025, the AST Cohen & Steers Realty Portfolio and the AST MFS Global Equity Portfolio will merge into the AST Large-Cap Equity Portfolio, with all assets transferred to the successor fund. This will introduce the AST Large-Cap Equity Portfolio as a new investment option. Additionally, on February 10, 2025, the AST Global Bond Portfolio will merge into the AST Core Fixed Income Portfolio, also transferring assets accordingly. Following these mergers, references to the merging funds will be eliminated from the documentation. The changes necessitate updates to premium allocation, dollar-cost averaging (DCA), auto-rebalancing, and allocated charges programs to reflect the new successor funds.

Form Type: 497VPU

Filing Date: 2025-01-23

Corporate Action: Merger

Type: Update

Accession Number: 000074131325000007

Filing Summary: This document serves as a prospectus supplement for the Pruco Life of New Jersey Variable Appreciable Account, detailing significant changes effective in January and February 2025. Notably, on January 13, 2025, the AST International Equity Portfolio restated its expenses and implemented a new subadvisory arrangement. Additionally, on January 27, 2025, the AST MFS Global Equity Portfolio will merge into the AST Large-Cap Equity Portfolio, with all assets automatically transferred to the successor fund. Subsequently, on February 10, 2025, the AST Global Bond Portfolio will merge into the AST Core Fixed Income Portfolio, also with automatic asset transfer. Due to these mergers, the AST Large-Cap Equity Portfolio and the AST Core Fixed Income Portfolio will become available investment options for contracts associated with this account. These changes prompt the automatic updating of programs related to premium allocation, DCA, and auto-rebalancing to reflect the successor funds, along with the deletion of references to the merging funds in relevant documents.

Form Type: 497VPU

Filing Date: 2025-01-23

Corporate Action: Merger

Type: Update

Accession Number: 000074131325000013

Filing Summary: This document serves as a supplement to the prospectuses for Variable Appreciable Life and Variable Life Insurance Contracts, updating and amending information regarding the AST Cohen & Steers Realty Portfolio merging into the AST Large-Cap Equity Portfolio, effective January 27, 2025. As part of this merger, all assets from the merging Fund will be automatically transferred to the successor Fund. The AST Large-Cap Equity Portfolio will be added as a new investment option for the insurance contracts, and all related premium allocations and programs will be updated accordingly. References to the Cohen & Steers Realty Portfolio will be removed from the documentation, ensuring clients are informed of these changes.

Form Type: 497VPU

Filing Date: 2025-01-23

Corporate Action: Merger

Type: Update

Accession Number: 000074131325000019

Filing Summary: This supplement serves to update and amend information related to the variable universal life insurance Contracts offered by Pruco Life Insurance Company. Significant changes are announced regarding the Advanced Series Trust (AST). Firstly, on January 13, 2025, the AST International Equity Portfolio restated its expenses and engaged a new subadvisory arrangement. Secondly, on January 27, 2025, the AST MFS Global Equity Portfolio will merge into the AST Large-Cap Equity Portfolio, with all assets being transferred automatically to the successor fund. As a result, the AST Large-Cap Equity Portfolio becomes a new available investment option for contract holders, and relevant programs will be automatically updated accordingly. Lastly, on February 10, 2025, the AST Global Bond Portfolio will merge into the AST Core Fixed Income Portfolio with similar asset transfers and updates for contract provisions. All references to the merging funds will be deleted from the documentation. This document supplements previously dated prospectuses and should be retained for future reference.

Form Type: 497VPU

Filing Date: 2025-01-23

Corporate Action: Merger

Type: Update

Accession Number: 000074131325000029

Filing Summary: This document is a supplement dated January 23, 2025, to the prospectuses for the PruLife® Custom Premier II Contracts. It outlines significant updates pertaining to various investment portfolios. Notably, on January 13, 2025, the AST International Equity Portfolio restated its expenses and initiated a new subadvisory arrangement. Furthermore, on January 27, 2025, the AST Cohen & Steers Realty Portfolio and the AST MFS Global Equity Portfolio will merge into the AST Large-Cap Equity Portfolio. This merger results in the automatic transfer of all assets from the merging funds to the successor fund and updates to premium allocation, DCA, auto-rebalancing, and allocated charges programs. The current references to the merging funds will be removed. Additionally, on February 10, 2025, the AST Global Bond Portfolio will merge into the AST Core Fixed Income Portfolio, triggering a similar automatic asset transfer and program updates. The rows for these funds in the appendix of available funds under the contract will be updated accordingly.

Form Type: 497VPU

Filing Date: 2025-01-23

Corporate Action: Merger

Type: Update

Accession Number: 000074131325000030

Filing Summary: This document serves as a supplement updating and amending certain information in the prospectus for the VUL Protector and PruLife SVUL Protector Contracts. It highlights significant changes including the announcement by the Advanced Series Trust (AST) regarding the restatement of expenses for the AST International Equity Portfolio and a new subadvisory arrangement effective January 13, 2025. It also details the forthcoming mergers of the AST MFS Global Equity Portfolio into the AST Large-Cap Equity Portfolio on January 27, 2025, and the AST Global Bond Portfolio into the AST Core Fixed Income Portfolio on February 10, 2025. These mergers entail automatic asset transfers to the successor funds and updates to premium allocation and related programs. Additionally, all previous references to the merging funds will be removed from the contract documentation. The document also provides recent expense and return data for the affected funds, ensuring contract holders are informed of these changes.

Form Type: 497VPU

Filing Date: 2025-01-23

Corporate Action: Merger

Type: Update

Accession Number: 000074131325000032

Filing Summary: This document is a supplement dated January 23, 2025, to the prospectuses for the VUL Protector® and PruLife® SVUL Protector® Contracts. It updates the information in the current prospectus and summary prospectus for these variable universal life insurance contracts. The supplement highlights significant changes announced by the Advanced Series Trust (AST), particularly the merger of certain investment portfolios. On January 27, 2025, the AST MFS Global Equity Portfolio will merge into the AST Large-Cap Equity Portfolio, with all assets transferring automatically. This change will allow the AST Large-Cap Equity Portfolio to become an available investment option. Subsequent updates will replace mentions of the merging fund with the successor fund in relevant programs. Furthermore, on February 10, 2025, the AST Global Bond Portfolio will merge into the AST Core Fixed Income Portfolio, also with automatic asset transfer and updates to investment allocations as necessary. These alterations may affect premium allocation and other financial programs associated with the contracts.

Form Type: 497VPU

Filing Date: 2025-01-23

Corporate Action: Merger

Type: Update

Accession Number: 000074131325000036

Filing Summary: The document serves as a supplement dated January 23, 2025, to the prospectuses for the PruLife® Custom Premier II Contracts, which provides updates regarding the Advanced Series Trust (AST) portfolios. It details two upcoming mergers of investment portfolios: the AST Cohen & Steers Realty Portfolio and the AST MFS Global Equity Portfolio will merge into the AST Large-Cap Equity Portfolio on January 27, 2025. Additionally, the AST Global Bond Portfolio will merge into the AST Core Fixed Income Portfolio on February 10, 2025. All assets from the merging funds will be automatically transferred to their respective successor funds, and affected programs will be updated accordingly. The document emphasizes the importance of retaining it with the current prospectus and provides contact details for obtaining further information or copies of the documents.