Like most variable life insurance policies, PruLife® Private Placement VUL contains exclusions, limitations, reductions of benefits, and terms for keeping them in force. For cost and complete details for coverage, refer to the private offering memorandum.

The Prudential Series Fund (PSF) and Advanced Series Trust (AST) investment options are available to the public only through variable life and variable annuity contracts. The portfolios are not related to that of any other retail mutual funds, despite any similarities in their names, investment objectives or policies.

PruLife® Private Placement VUL is a private placement variable life policy issued by Pruco Life Insurance Company, 213 Washington Street, Newark, NJ 07102, and distributed by Pruco Securities, LLC, 751 Broad Street, Newark, NJ 07102. Both are Prudential Financial, Inc. companies.

PruLife® Private Placement VUL offers variable investment options that invest in funds offered through the Advanced Series Trust. These variable investment options have the prefix "AST". The AST variable investment options are also available in variable annuity contracts we offer. Some of these variable annuity contracts offer optional living benefits that utilize a predetermined mathematical formula (the "formula") to manage the guarantees offered in connection with those optional benefits. You should be aware that the operation of the formula in those variable annuity contracts may result in large-scale asset flows into and out of the underlying funds through a series of transfers. In addition to increasing the funds' expenses, the asset flows may adversely affect performance by (i) requiring the funds to purchase or sell securities at inopportune times; (ii) otherwise limiting the sub-advisor's ability to fully implement the funds' investment strategies; or (iii) requiring the funds to hold a larger portion of their assets in highly liquid securities than they otherwise would hold.

Before your clients allocate to these underlying investment options, they should consider the impact the formula will have on each fund's risk profile, expenses, and performance. Please see the prospectus for more information and work with your clients to determine which funds are appropriate for their needs.

The policy form numbers for policies purchased on or before December 31, 2019 are PPVULD-2015 or ICC15 PPVULD-2015 and may be followed by a state and/or other codes.

Prudential is authorized to transact business in all U.S. states and the District of Columbia. Product availability varies by state. Copyright 2024 The Prudential Insurance Company of America. 751 Broad Street, Newark, NJ 07102-3777. All rights reserved. Prudential, the Prudential logo, and the Rock symbol are service marks of Prudential Financial, Inc., and its related entities, registered in many jurisdictions worldwide.

For Compliance use Only1003914-00013-00  Ed.2/2023