M&A - PRUCO LIFE VARIABLE UNIVERSAL ACCOUNT

Form Type: 497

Filing Date: 2025-01-23

Corporate Action: Merger

Type: Update

Accession Number: 000085169325000006

Filing Summary: This document serves as a supplement to the prospectuses for PruLife® Custom Premier II Contracts, detailing recent changes announced by the Advanced Series Trust (AST). On January 13, 2025, the AST International Equity Portfolio restated its expenses and implemented a new subadvisory arrangement. Furthermore, a significant merger involving the AST Cohen & Steers Realty Portfolio and the AST MFS Global Equity Portfolio is set to occur on January 27, 2025, where both portfolios will merge into the AST Large-Cap Equity Portfolio, which will then become an available investment option for contract holders. In addition, another merger is scheduled for February 10, 2025, when the AST Global Bond Portfolio will merge into the AST Core Fixed Income Portfolio. The supplementary document provides necessary updates regarding how these changes will be reflected in premium allocations and other investment options.

Form Type: 497

Filing Date: 2025-01-23

Corporate Action: Merger

Type: Update

Accession Number: 000085169325000007

Filing Summary: This prospectus supplement updates and amends certain information applicable to the PruLife® Custom Premier II Contracts related to the Pruco Life Variable Universal Account. Notably, it announces significant changes within the Advanced Series Trust (AST). On January 13, 2025, the AST International Equity Portfolio restated its expenses and established a new subadvisory arrangement. Further, 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, which will become an available investment option in the contract. The assets from the merging funds will transition automatically to the successor fund, and related programs will be updated accordingly. The final merging fund, AST Global Bond Portfolio, will merge into the AST Core Fixed Income Portfolio on February 10, 2025, with similar automatic asset transfer processes. The updates are reflected in Appendix A of the contract materials and include changes to funds and expense details.

Form Type: 497

Filing Date: 2025-01-23

Corporate Action: Merger

Type: Update

Accession Number: 000085169325000010

Filing Summary: This prospectus supplement updates and amends information for the Pruco Life Variable Universal Account and discusses changes to multiple investment portfolios managed by the Advanced Series Trust (AST). Key updates include a restatement of expenses for the AST International Equity Portfolio effective January 13, 2025, and the merger of the AST Cohen & Steers Realty Portfolio and AST MFS Global Equity Portfolio into the AST Large-Cap Equity Portfolio effective January 27, 2025. As a result of these mergers, previously held funds in existing contracts will be automatically transferred to the successor funds, with corresponding updates to premium allocation and other programs. Additionally, on February 10, 2025, the AST Global Bond Portfolio will merge into the AST Core Fixed Income Portfolio, again leading to automatic transfers and updates within contracts. The document details the new funds added, their management teams, current expenses, and historical performance metrics for better investor understanding and decision-making.

Form Type: 497

Filing Date: 2025-01-23

Corporate Action: Merger

Type: Update

Accession Number: 000085169325000013

Filing Summary: This document is a prospectus supplement that updates and amends existing information for the variable universal life insurance contracts under Pruco Life Insurance Company. Notably, it outlines a series of important changes being enacted by the Advanced Series Trust (AST), including the merger of two portfolios. On January 27, 2025, the AST MFS Global Equity Portfolio will merge into the AST Large-Cap Equity Portfolio, with all assets from the former automatically transitioning to the successor fund. As a result, the AST Large-Cap Equity Portfolio will become an available investment option. Similarly, on February 10, 2025, the AST Global Bond Portfolio will merge into the AST Core Fixed Income Portfolio, with corresponding updates made to various programs related to premium allocations and charges. References to the merging funds will be removed from the documentation. The supplement provides detailed information on the fund managers, expenses, and performance returns for the respective portfolios.

Form Type: 497

Filing Date: 2025-01-23

Corporate Action: Merger

Type: Update

Accession Number: 000085169325000014

Filing Summary: This supplement updates and amends the prospectus for Pruco Life Variable Universal Account contracts, specifically for VUL Protector® and PruLife® SVUL Protector® Contracts. Significant changes include the restatement of expenses for the AST International Equity Portfolio on January 13, 2025, and the upcoming mergers of funds. The AST MFS Global Equity Portfolio will merge into the AST Large-Cap Equity Portfolio on January 27, 2025, with all assets transferred to the successor fund. Subsequently, the AST Global Bond Portfolio will merge into the AST Core Fixed Income Portfolio on February 10, 2025, also transferring all assets. Following these mergers, premium allocation and other relevant programs will be updated to reflect these changes, and references to the merging funds will be removed from the documentation.

Form Type: 497

Filing Date: 2025-01-23

Corporate Action: Merger

Type: Update

Accession Number: 000085169325000023

Filing Summary: The document is a prospectus supplement for the Pruco Life Variable Universal Account, amending the current prospectus for variable universal life insurance contracts dated May 1, 2024. It details updates regarding the Advanced Series Trust (AST) with significant changes announced: 1) The AST International Equity Portfolio restated its expenses and initiated a new subadvisory arrangement on January 13, 2025. 2) On January 27, 2025, the AST MFS Global Equity Portfolio will merge into the AST Large-Cap Equity Portfolio. As a result, all assets from the merging fund will transfer to the successor fund, and the Large-Cap Equity Portfolio will become an available investment option for the contract. This transition includes automatic updates to premium allocations and related programs. 3) On February 10, 2025, the AST Global Bond Portfolio will merge into the AST Core Fixed Income Portfolio under similar conditions. All references to the merging funds will be removed from the prospectus. The document encourages retention of the supplement for future reference.

Form Type: 497

Filing Date: 2025-01-23

Corporate Action: Merger

Type: Update

Accession Number: 000085169325000026

Filing Summary: This document is a prospectus supplement dated January 23, 2025, for Pruco Life Variable Universal Account. It announces significant updates regarding the Advanced Series Trust (AST) portfolios. Notably, on January 27, 2025, the AST MFS Global Equity Portfolio will merge into the AST Large-Cap Equity Portfolio, and all assets will be automatically transferred to the successor fund. Additionally, on February 10, 2025, the AST Global Bond Portfolio will merge into the AST Core Fixed Income Portfolio, with similar asset transfer provisions. Due to these changes, the AST Large-Cap Equity Portfolio will become available as an investment option, and references to the merging funds will be deleted from the documentation. The document details changes in fund expenses and average annual total returns, ensuring updated information for contract holders regarding available funds.

Form Type: 497

Filing Date: 2025-01-23

Corporate Action: Merger

Type: Update

Accession Number: 000085169325000030

Filing Summary: This document serves as a supplement to the prospectuses dated May 1, 2024, regarding the VUL Protector® and PruLife® SVUL Protector® Contracts issued by Pruco Life Insurance Company. Significant updates include announcements from the Advanced Series Trust (AST) regarding changes to its portfolios. Notably, on January 27, 2025, the AST MFS Global Equity Portfolio will merge into the AST Large-Cap Equity Portfolio, with all assets automatically transferred. This merger will add the AST Large-Cap Equity Portfolio as an investment option for the contracts, and relevant programs will be updated accordingly. Additionally, on February 10, 2025, the AST Global Bond Portfolio will merge into the AST Core Fixed Income Portfolio, with similar updates expected to affect the investor contracts. References to the merging funds will be deleted post-merger, ensuring updated investment options for contract holders.

Form Type: 497VPI

Filing Date: 2025-01-23

Corporate Action: Merger

Type: Update

Accession Number: 000085169325000017

Filing Summary: This supplement updates and amends specific information regarding the variable universal life insurance contract. It details the merger of the AST MFS Global Equity Portfolio into the AST Large-Cap Equity Portfolio, effective January 27, 2025, as well as the merger of the AST Global Bond Portfolio into the AST Core Fixed Income Portfolio on February 10, 2025. All assets from these merging funds will be automatically transferred to their respective successor funds, with updates to premium allocation and auto-rebalancing programs to reflect these changes. Additionally, it mentions the restatement of expenses for the AST International Equity Portfolio, effective January 13, 2025, and advises on the deletion of references to the merging funds in the contract documentation.

Form Type: 497VPI

Filing Date: 2025-01-23

Corporate Action: Merger

Type: Update

Accession Number: 000085169325000035

Filing Summary: This prospectus supplement, dated January 23, 2025, updates the existing prospectuses for VUL Protector and PruLife SVUL Protector Contracts. Key updates include notable changes within the Advanced Series Trust (AST). On January 13, 2025, the AST International Equity Portfolio amended its expense structure and introduced a new subadvisory arrangement. A merger is scheduled for January 27, 2025, where the AST MFS Global Equity Portfolio will merge into the AST Large-Cap Equity Portfolio, resulting in the automatic transfer of all assets and the replacement of the merging fund in applicable investment programs. Another merger is set for February 10, 2025, where the AST Global Bond Portfolio will merge into the AST Core Fixed Income Portfolio, with similar asset transfer and program adjustments. These changes will lead to the deletion of references to the merging funds from the appendix detailing available contracts.

Form Type: 497VPI

Filing Date: 2025-01-23

Corporate Action: Merger

Type: Update

Accession Number: 000085169325000040

Filing Summary: This document serves as a supplement to the prospectuses for PruLife® Custom Premier II Contracts, providing important updates and amendments. Significant changes include the announcement by the Advanced Series Trust (AST) of a merger of several investment funds. 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. Consequently, the AST Large-Cap Equity Portfolio will be added as an investment option. Additionally, on February 10, 2025, the AST Global Bond Portfolio will merge into the AST Core Fixed Income Portfolio, with similar asset transfer and updates to premium allocation and other programs. The document emphasizes the importance of reviewing these changes for contract holders. Furthermore, it provides information about the updated expense ratios and historical performance of the affected portfolios, highlighting their expected benefits from the mergers.

Form Type: 497VPI

Filing Date: 2025-01-23

Corporate Action: Merger

Type: New

Accession Number: 000085169325000042

Filing Summary: This document serves as a supplement to the prospectus for the PruLife® Custom Premier II Contracts, detailing significant changes in investment portfolios managed by the Advanced Series Trust (AST). On January 13, 2025, the AST International Equity Portfolio will restate its expenses and add a new subadvisory arrangement. Additionally, 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, creating a successor Fund. As a result, all assets from the merging Funds will automatically be transferred, updating multiple programs to reflect this change. Furthermore, on February 10, 2025, the AST Global Bond Portfolio will also merge into the AST Core Fixed Income Portfolio, reiterating similar asset transfers and updates. The document outlines specifics about the current expenses and average annual total returns of the listed investment managers and funds, and emphasizes the importance of retaining this supplement with the prospectus for future references.

Form Type: 497VPU

Filing Date: 2025-01-23

Corporate Action: Merger

Type: Update

Accession Number: 000085169325000008

Filing Summary: This prospectus supplement updates and amends certain information for the variable universal life insurance contracts VUL Protector and PruLife SVUL Protector. The Advanced Series Trust announced that 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 MFS Global Equity Portfolio will merge into the AST Large-Cap Equity Portfolio, resulting in the automatic transfer of all assets from the merging fund to the successor fund. Concurrently, the AST Large-Cap Equity Portfolio will become an available investment option under the contracts. Additionally, on February 10, 2025, the AST Global Bond Portfolio will merge into the AST Core Fixed Income Portfolio, with a similar asset transfer and investment option update. These changes will reflect in the funds available under the contract.

Form Type: 497VPU

Filing Date: 2025-01-23

Corporate Action: Merger

Type: Update

Accession Number: 000085169325000019

Filing Summary: This supplement updates the current prospectus and summary prospectus for PruLife® Custom Premier II Contracts. Key changes include the announcement of a merger of funds: 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, which will then become an available investment option. Additionally, on February 10, 2025, the AST Global Bond Portfolio will merge into the AST Core Fixed Income Portfolio, also updating premium allocation and related investment options accordingly. This document emphasizes the importance of reviewing this supplement and retaining it with the prospectus for future reference.

Form Type: 497VPU

Filing Date: 2025-01-23

Corporate Action: Merger

Type: Update

Accession Number: 000085169325000020

Filing Summary: This document serves as a supplement to the prospectus dated May 1, 2024, for the VUL Protector® and PruLife® SVUL Protector® Contracts. It details significant changes announced by the Advanced Series Trust (AST) affecting the AST International Equity Portfolio and the AST Large-Cap Equity Portfolio, along with the AST Global Bond Portfolio and AST Core Fixed Income Portfolio. Specifically, the AST MFS Global Equity Portfolio will merge into the AST Large-Cap Equity Portfolio on January 27, 2025, resulting in the latter being added as an investment option for the contracts. Similarly, the AST Global Bond Portfolio will merge into the AST Core Fixed Income Portfolio on February 10, 2025, with all assets transitioning accordingly. All references to the merging funds will be removed from the contract materials. The document also includes details about fund managers, expense ratios, and annual returns as of December 31, 2023, for the affected portfolios.

Form Type: 497VPU

Filing Date: 2025-01-23

Corporate Action: Merger

Type: Update

Accession Number: 000085169325000024

Filing Summary: This prospectus supplement, dated January 23, 2025, updates the Pruco Life Variable Universal Account variable universal life insurance contracts. Key changes include the upcoming merger of the AST MFS Global Equity Portfolio into the AST Large-Cap Equity Portfolio, effective January 27, 2025, which will add the successor fund as an investment option. 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 automatically transfer to their respective successor funds, with automatic updates to premium allocation and related programs. References to the merging funds will be removed from the contract documents. Updated expense ratios and performance metrics for the available funds are provided, with the AST Core Fixed Income Portfolio having an expense ratio of 0.68% and significant performance figures for various time frames. This information is crucial for current contract holders and must be retained for reference.

Form Type: 497VPU

Filing Date: 2025-01-23

Corporate Action: Merger

Type: Update

Accession Number: 000085169325000029

Filing Summary: This supplement updates and amends specific sections of the prospectus for variable universal life insurance contracts. It outlines significant changes in investment options resulting from recent mergers of portfolios within the Advanced Series Trust. On January 13, 2025, the AST International Equity Portfolio restated its expenses and instituted a new subadvisory arrangement. On January 27, 2025, the AST MFS Global Equity Portfolio will merge into the AST Large-Cap Equity Portfolio, transferring all assets automatically to the successor fund. Effective the same date, AST Large-Cap Equity Portfolio will become available as an investment option for contracts. On February 10, 2025, the AST Global Bond Portfolio will merge into the AST Core Fixed Income Portfolio under similar conditions. References to the merging funds will be deleted and replaced with information about the successor funds in the updated prospectus. The document also includes performance metrics and expense ratios for the investment options.

Form Type: 497VPU

Filing Date: 2025-01-23

Corporate Action: Merger

Type: Update

Accession Number: 000085169325000033

Filing Summary: This prospectus supplement, dated January 23, 2025, provides updates to the variable universal life insurance contracts for Pruco Life Insurance Company. Key changes include the announcement of a merger affecting two different portfolios. On January 27, 2025, the AST MFS Global Equity Portfolio will merge into the AST Large-Cap Equity Portfolio, resulting in the automatic transfer of all assets from the merging fund to the successor fund. Corresponding updates will be made to premium allocations and related programs. Additionally, on February 10, 2025, the AST Global Bond Portfolio will merge into the AST Core Fixed Income Portfolio, with similar asset transfer and update procedures. The changes are aimed at streamlining investment options and enhancing performance under the variable universal life insurance contracts. All information regarding the merging funds will be removed from the applicable documentation as per the effective dates specified.