MAGNASTAR Private Placement VUL | Prudential Financial

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MAGNASTAR^® is a private placement variable universal life contract. It offers flexible premiums and the ability to accumulate nonguaranteed cash value through a variety of investment options including asset allocation portfolios, a money market, and fixed rate option. It is issued by Pruco Life Insurance Company and distributed by Pruco Securities, LLC. This product is not available in all states.

You should consider the policy and the underlying funds' investment objectives, risks, charges, and expenses carefully before investing. This and other important information may be found in the private offering memorandum for the policy and in the prospectus or private offering memorandum for each underlying investment option. A copy of the prospectus can be viewed from this site.

It is possible to lose money by investing in securities.

Some Contract forms, features, and/or Variable Investment Options described may not be available through all agents or in all jurisdictions. Contact a Company Representative for more information about this product or other products.

Please read the important disclosures at the bottom of the page.

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The policy form numbers for policies purchased on or after January 1, 2020 are MVUL-2019 or ICC19 MVUL-2019 for Single Life, or SMVUL-2019 or ICC19 SMVUL-2019 for Survivorship and may be followed by a state and/or other codes.

These fund prospectuses and applicable supplements set forth concise information an investor should know about the funds offered in this product. Investors are encouraged to read and retain the prospectuses for future reference. This is not an offer to sell or a solicitation of an offer to buy this product, nor shall it be offered or sold to any person in any jurisdiction in which such offer, solicitation or purchase, or sale would be unlawful under the securities laws of such jurisdiction.

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The policy form number for policies purchased January 1, 2001 through December 31, 2005 is MVUL-2000 for Single Life and may be followed by a state and/or other codes. The policy form number for policies purchased June 1, 2004 through December 31, 2005 is SMVUL-2002 for Survivorship and may be followed by a state and/or other codes. The policy form numbers for policies purchased January 1, 2006 through December 31, 2008 are MVUL-2005 for Single Life, or SMVUL-2005 for Survivorship and may be followed by a state and/or other codes. The policy form numbers for policies purchased January 1, 2009 through December 31, 2019 are MVUL-2009 for Single life, or SMVUL-2009 for Survivorship and may be followed by a slate and/or other codes.

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Governance Committee Charter View this document PDF to see the responsibilities of the Governance Committee of the Prudential Series Fund Inc.

XBRL
View the XBRL for The Portfolios of the Advanced Series Trust and The Portfolios of the Prudential Series Fund

“AST” refers to Advanced Series Trust funds. Magnastar 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 subadvisor'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 you allocate to these variable investment options, you should consider the impact the formula will have on each fund's risk profile, expenses, and performance.

Our policies contain exclusions, limitations, reductions in benefits and terms for keeping them in force. A financial professional can provide you with costs and complete details.

This is not an endorsement of these investments, nor is it a solicitation. This information is being made available based upon your status as an accredited investor and qualified purchaser.

Investing in a Policy involves a high degree of risk including the possible loss of your entire investment. Some of the Subaccounts (the “Exempt Subaccounts”) may be illiquid and there may be lengthy delays in having Policy benefits (surrenders, loans, Death Benefits) paid. You should consider the Policy to be an illiquid investment.

Like most variable life insurance policies, Magnastar contains exclusions, limitations, reductions of benefits, and terms for keeping it in force. A financial professional can provide you with costs and complete details.

Magnastar is a private placement variable life policy issued by Pruco Life Insurance Company, 213 Washington Street, Newark, NJ 07102-3777, and distributed by Pruco Securities, LLC, 751 Broad Street, Newark, NJ 07102-3777. Both are Prudential Financial companies. Policy form number MVUL-2019. Each company is solely responsible for its own financial condition and contractual obligations.

For Compliance Use Only: 1033465-00001-00

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Assurance IQ, LLC a wholly-owned subsidiary of Prudential Financial, Inc. ("Prudential") matches buyers with products such as life and health insurance and auto insurance, enabling them to make purchases online or through an agent. Neither Prudential Financial, Inc. nor Assurance IQ issues, underwrites, or administers health plans or health insurance policies.

Life Insurance and Annuities are issued by The Prudential Insurance Company of America, Pruco Life Insurance Company (in New York, by Pruco Life Insurance Company of New Jersey), located in Newark, NJ (main office). Variable annuities are distributed by Prudential Annuities Distributors, Inc. (PAD), Shelton, CT. All are Prudential Financial Inc. (PFI) companies, and each is solely responsible for its own financial condition and contractual obligations. Prudential Retirement Strategies is a business of Prudential Financial, Inc.

Prudential Annuities Life Assurance Corporation (to be renamed Fortitude Life Insurance & Annuity Company) (“PALAC”), Shelton, CT (main office) was acquired on April 1, 2022 by Fortitude Group Holdings, LLC, the parent company of Bermuda’s largest multi-line reinsurer (“Fortitude Re”). As a result of the acquisition by Fortitude Re, PALAC is not affiliated with PFI or any of its subsidiaries. A Prudential entity will continue to service and administer all PALAC contracts. PALAC variable annuities are distributed by PAD, Shelton, CT. PAD is wholly owned by PFI; PALAC is wholly owned by Fortitude Re; each is solely responsible for its own financial condition and contractual obligations.

PALAC is not licensed to do business in New York, effective December 31, 2015. This will have no impact on existing annuity contracts sold through PALAC.

Group Insurance coverages are issued by The Prudential Insurance Company of America, a Prudential Financial company, Newark, NJ

LINK by Prudential is an umbrella marketing name for various subsidiaries of The Prudential Insurance Company of America. Investment advisory products and services of LINK by Prudential are made available through Pruco Securities, LLC, (sometimes referred to as “Pruco”) doing business as Prudential Financial Planning Services, pursuant to separate agreement. Prudential LINK and LINK by Prudential occasionally may be referred to as LINK.

Where LINK by Prudential is made available in connection with certain Financial Wellness products, access is made available through Prudential Workplace Solutions Group Services (“PWSGS”). PWSGS provides access to a number of Financial Wellness products, services, seminars and tools offered by PWSGS, its affiliates or third parties. PWSGS is a subsidiary of Prudential PWSGS is not a licensed insurance company, does not provide insurance products or services and does not provide financial, investment or other advice. Individuals should consult appropriate professionals when making financial, investment and tax decisions.

Prudential LINK financial representatives currently offer a more limited range of insurance and annuity products (“insurance products”) compared to the range of insurance products offered through other Prudential distribution channels.

For additional important information about the products, services and companies that make them available, please click here.^* Opens in new window

Virtual Advisors may provide investment advisory services that are limited in scope and do not constitute comprehensive financial planning.

This web page is being provided for informational or educational purposes only and does not take into account the investment objectives or financial situation of any client or prospective clients. The information is not intended as investment advice and is not a recommendation about managing or investing your retirement savings. Clients seeking information regarding their particular investment needs should contact a financial professional. Prudential Financial, its affiliates, and their financial professionals do not render tax or legal advice. Please consult with your tax and legal advisors regarding your personal circumstances. In providing this information, neither Prudential nor any of its affiliates or financial professionals is acting as your ERISA fiduciary.

This website is for U.S. persons Opens in new window only and may not be approved in all states. Information contained on this site does not and is not intended to constitute an advertisement, solicitation, or offer for sale in any jurisdiction outside the United States, where such use would be prohibited or otherwise regulated.

Securities and Insurance Products:

Certain securities products and services are offered through Pruco Securities, LLC and Prudential Investment Management Services, LLC, both members SIPC Opens in a new window and located in Newark, NJ, or Prudential Annuities Distributors, Inc., located in Shelton, CT. See Statement of Financial Condition PDF Opens in a new window for Prudential Investment Management Services, LLC.
Investing in securities involves risk, and there is always the potential of losing money. Asset allocation and rebalancing do not ensure a profit or guarantee against loss.
You should consider the features of the contract and/or the underlying portfolios’ investment objectives, policies, management, risks, charges and expenses carefully before investing. This and other important information are contained in the prospectus. Please read the prospectus carefully before investing or sending money.
Not Insured by FDIC or any Federal Government Agency | May Lose Value | Not a Deposit of or Guaranteed by the Bank or any Bank Affiliate.
All references to income certainty and guarantees, including optional benefits, are backed by the claims-paying ability of the issuing company and do not apply to the underlying investment options.
Projections generated regarding likelihood of various investment outcomes are hypothetical in nature, do not reflect actual investment results and are not guarantees of future results. Results derived from various “what if” scenarios for your financial life may not reflect the actual costs or amounts ultimately needed to fund specific life events. Prudential and its affiliates are not liable for use of the LINK by Prudential experience. Learn more about our Methodology Opens in a new window.

"Prudential Advisors" is a brand name of The Prudential Insurance Company of America and its subsidiaries.

Prudential Financial is not affiliated in any manner with Prudential plc, an international group incorporated in the United Kingdom or the Prudential Assurance Company, a subsidiary of M&G plc, a company incorporated in the United Kingdom.

By using this website, you agree that you have read and agree to our Terms and Conditions.

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MAGNASTAR® Private Placement VUL

Product Available for Sale

Products No Longer for Sale

MAGNASTAR^® Private Placement VUL