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MAGNASTAR® Private Placement VUL

 

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.

 

Product Available for Sale


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.

 

Products No Longer for Sale


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.

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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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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