M&A - PRUDENTIAL VARIABLE APPRECIABLE ACCOUNT

Form Type: 497

Filing Date: 2025-01-23

Corporate Action: Merger

Type: Update

Accession Number: 000082897225000002

Filing Summary: This supplement updates the prospectus for variable universal life insurance contracts by announcing the merger of the AST Cohen & Steers Realty Portfolio into the AST Large-Cap Equity Portfolio effective January 27, 2025. All assets from the merging fund will be transferred to the successor fund, and as a result, the AST Large-Cap Equity Portfolio will be available as an investment option. All references to the AST Cohen & Steers Realty Portfolio will be removed from the documentation, and related premium allocation and auto-rebalancing programs will be adjusted accordingly. The updated details of the successor fund, including its investment managers, expense ratio, and performance metrics, are provided.

Form Type: 497VPU

Filing Date: 2025-01-23

Corporate Action: Merger

Type: Update

Accession Number: 000082897225000004

Filing Summary: This document serves as a prospectus supplement dated January 23, 2025, providing updates to the original prospectus for Variable Appreciable Life and Variable Life Insurance Contracts. The supplement outlines a significant merger occurring on January 27, 2025, where 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 in the merging Fund will be automatically transitioned to the successor Fund, which will subsequently be available as an investment option within the Contract. The document specifies that all investment allocations and related programs involving the merging Fund will be updated to reflect the inclusion of the successor Fund. Additionally, all references to the AST Cohen & Steers Realty Portfolio will be removed, and the Appendix will be amended accordingly to reflect this change. The document also provides recent performance data for the AST Large-Cap Equity Portfolio.