M&A - PRUDENTIAL VARIABLE CONTRACT ACCOUNT GI-2

Form Type: 497

Filing Date: 2025-01-28

Corporate Action: Merger

Type: Update

Accession Number: 000082897225000006

Filing Summary: On January 27, 2025, the AST Cohen & Steers Realty Portfolio (the merging Fund) merged into the AST Large-Cap Equity Portfolio (the successor Fund). As a result of this merger, all assets from the merging Fund were automatically transferred to the successor Fund. Additionally, the successor Fund is now closed to new money. Changes in premium allocation, dollar cost averaging, auto-rebalancing, and allocated charges programs previously directed to the AST Large-Cap Equity Portfolio will now be directed to the PSF Money Market Portfolio after January 27, 2025. The document also specifies that all references to the AST Cohen & Steers Realty Portfolio are to be deleted from the relevant sections. An updated table for available funds under the contract highlights the AST Large-Cap Equity Portfolio, summarizing its investment manager details and expense ratio.

Form Type: 497

Filing Date: 2025-01-28

Corporate Action: Merger

Type: Update

Accession Number: 000082897225000008

Filing Summary: This document is a prospectus supplement dated January 28, 2025, which updates information in the prospectus for the Group Variable Universal Life Insurance Contracts. Notably, on January 27, 2025, the AST Cohen & Steers Realty Portfolio merged into the AST Large-Cap Equity Portfolio. All assets from the merging fund have automatically transferred to the successor fund. Following the merger, the AST Large-Cap Equity Portfolio will be closed to new investments. Existing premium allocation, dollar cost averaging, auto-rebalancing, and allocated charge programs will now be directed to the PSF Money Market Portfolio. The document specifies necessary deletions and replacements in the appendix regarding fund details, including expense ratios and annual total returns for the AST Large-Cap Equity Portfolio. It emphasizes the importance of retaining the supplement with the current prospectus.