M&A - PRUCO LIFE VARIABLE INSURANCE ACCOUNT

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Form Type: 497

Filing Date: 2025-01-23

Corporate Action: Merger

Type: Update

Accession Number: 000071015725000004

Filing Summary: This document serves as a supplement to the prospectuses dated May 1, 2024, for Variable Appreciable Life® and Variable Life Insurance Contracts. It updates important information relevant to the variable universal life insurance contracts held by policyholders. A key update is the upcoming merger of the AST Cohen & Steers Realty Portfolio into the AST Large-Cap Equity Portfolio, effective January 27, 2025. This merger involves the automatic transfer of all assets from the merging fund to the successor fund. The AST Large-Cap Equity Portfolio will also be included as a new investment option. Additionally, any premium allocations, dollar cost averaging, auto-rebalancing, and allocated charges programs associated with the merging fund will be automatically adjusted to reflect the successor fund. References to the AST Cohen & Steers Realty Portfolio will be removed from all relevant sections, particularly in Appendix A, which outlines the funds available under the contract. The document encourages readers to keep this supplement for reference and provides contact information for obtaining the current prospectus.

Additional details:

Fund Name: AST Large-Cap Equity Portfolio


Merging Fund: AST Cohen & Steers Realty Portfolio


Successor Fund: AST Large-Cap Equity Portfolio


Merger Date: 2025-01-27


Average Annual Total Returns 1 Year: 23.10%


Average Annual Total Returns 5 Years: 12.69%


Average Annual Total Returns 10 Years: 10.27%


Current Expense: 0.84%


Form Type: 497VPU

Filing Date: 2025-01-23

Corporate Action: Merger

Type: Update

Accession Number: 000071015725000002

Filing Summary: This document serves as a supplement to the prospectus for Variable Life Insurance Contracts, providing important updates regarding investment options. Effective 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 be automatically transferred to the successor Fund. Consequently, AST Large-Cap Equity Portfolio will be offered as a new investment option for the contracts. Any premium allocation, dollar cost averaging, auto-rebalancing, and allocated charge programs referencing the merging Fund will be automatically updated to reflect the change. Additionally, all references to the former fund will be removed from the documentation.

Additional details:

Type: fund_merging

Merging Fund: AST Cohen & Steers Realty Portfolio

Successor Fund: AST Large-Cap Equity Portfolio


Type: investment_manager

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


Type: current_expense_ratio

Expense Ratio: 0.84%


Type: annual_return_1_year

Return 1 Year: 23.10%


Type: annual_return_5_year

Return 5 Year: 12.69%


Type: annual_return_10_year

Return 10 Year: 10.27%


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