M&A - PRUCO LIFE OF NEW JERSEY VARIABLE INSURANCE ACCOUNT
Form Type: 497
Filing Date: 2025-01-23
Corporate Action: Merger
Type: Update
Accession Number: 000071253925000004
Filing Summary: This document serves as a prospectus supplement updating information related to the variable universal life insurance contracts. It notifies policyholders that on January 27, 2025, the AST Cohen & Steers Realty Portfolio will merge into the AST Large-Cap Equity Portfolio. Consequently, all assets from the merging Fund will transfer automatically to the successor Fund, and the AST Large-Cap Equity Portfolio will then become an available investment option within the contracts. All relevant premium allocation programs will automatically adjust to reflect this change, replacing references to the merging Fund with the successor Fund. The appendix detailing available funds will be revised accordingly.
Additional details:
Type: fund_merging
Details: AST Cohen & Steers Realty Portfolio merging into AST Large-Cap Equity Portfolio
Type: successor_fund
Name: AST Large-Cap Equity Portfolio
Type: effective_date
Date: 2025-01-27
Form Type: 497VPU
Filing Date: 2025-01-23
Corporate Action: Merger
Type: Update
Accession Number: 000071253925000002
Filing Summary: This document serves as a supplemental update to the prospectuses for Variable Appreciable Life and Variable Life Insurance Contracts. It details that on January 27, 2025, the AST Cohen & Steers Realty Portfolio (the merging Fund) will merge into the AST Large-Cap Equity Portfolio (the successor Fund). As a result of this merger, all assets from the merging Fund will automatically transfer to the successor Fund, which will then be available as an investment option for holders of the variable universal life insurance Contracts. Additionally, any premium allocations, dollar cost averaging, auto-rebalancing, and allocated charges programs involving the merging Fund will be automatically updated to the successor Fund. Moreover, the document states that all references to the AST Cohen & Steers Realty Portfolio will be eliminated from the documentation, and relevant updates are provided in Appendix A concerning available Funds under the contract, which will reflect the changes in investment options.
Additional details:
Type Of Change: Update
Merging Fund: AST Cohen & Steers Realty Portfolio
Successor Fund: AST Large-Cap Equity Portfolio
Merger Date: 2025-01-27
Investment Manager: PGIM Investments LLC; AST Investment Services, Inc.; ClearBridge Investments, LLC; Dimensional Fund Advisors, LP; J.P. Morgan Investment Management Inc.; PGIM Quantitative Solutions LLC
Current Expense Ratio: 0.84%
Annual Return 1 Year: 23.10%
Annual Return 5 Years: 12.69%
Annual Return 10 Years: 10.27%
Comments
No comments yet. Be the first to comment!