497 1 productsup195.htm PLNJ VUL PROTECTOR (2018) SUPPLEMENT

PROSPECTUS SUPPLEMENT

PRUCO LIFE INSURANCE COMPANY

Pruco Life Variable Universal Account

PRUCO LIFE INSURANCE COMPANY OF NEW JERSEY

Pruco Life of New Jersey Variable Appreciable Account

Supplement dated March 13, 2023,

to

Prospectuses dated May 1, 2022

for

VUL Protector® and PruLife® SVUL Protector® Contracts

This supplement updates and amends certain information contained in the current prospectus and summary prospectus, as applicable, for your variable universal life insurance Contract, as well as any subsequent supplements thereto. You should read this supplement carefully and retain it for future reference.

Effective February 27, 2023, the AST Wellington Management Hedged Equity Portfolio (“the merging Fund”) merged into the AST Prudential Growth Allocation Portfolio (“the successor Fund”). All assets in the merging Fund automatically transferred to the successor Fund. Premium allocation, DCA, auto-rebalancing, and allocated charges programs that include the merging Fund have been automatically updated to replace the merging Fund with the successor Fund. All references to AST Wellington Management Hedged Equity Portfolio are hereby deleted.

Effective March 13, 2023, the AST J.P. Morgan International Equity Portfolio, AST International Value Portfolio, and PSF International Growth Portfolio (“the merging Funds”) merged into the AST International Equity Portfolio (“the successor Fund”). As a result of the merger, the AST International Equity Portfolio was added as an available investment option. All assets in the merging Funds automatically transferred to the successor Fund. Premium allocation, DCA, auto-rebalancing, and allocated charges programs that include the merging Funds have been automatically updated to replace the merging Funds with the successor Fund. All references to AST J.P. Morgan International Equity Portfolio, AST International Value Portfolio, and PSF International Growth Portfolio in the APPENDIX A: Funds Available Under the Contract are hereby deleted and replaced with the following.

Type

Fund - Investment Manager(s) / Subadviser(s)

Current Expense

Average Annual Total Returns As Of 12/31/2021

1 year

5 year

10 year

Global/ International

AST International Equity Portfolio - PGIM Investments LLC, AST Investment Services, Inc. / LSV Asset Management; Massachusetts Financial Services Company; J.P. Morgan Investment Management Inc.; PGIM Quantitative Solutions LLC.; Jennison Associates LLC.

1.06%^

12.50%

18.03%

11.90%

^The Fund’s annual current expense reflects temporary fee reductions.

PLEASE RETAIN THIS SUPPLEMENT WITH YOUR PROSPECTUS

PRODUCTSUP195

VULP14, VULP15, VULP18, VULPNJ18, VULP21, VULPNJ21, SVULP, SVULPNJ, SVULP20, SVULPNJ20, SVULP21, SVULPNJ21