1Benefit Plan Dashboard v1.00 - J Ponte.xlsm

Male / Non Smoker NLP Solves to Age 95

Transfer @ Later of Age 65 or 10 Years

Key Employee Net IRR on Cash Flow to Liquidity Benefit Ages . . .

Iss

Risk

Initial

Base NLP

ER Solve EE Solve

Xnsfr Tax

Age Class

Lvl Face 700 > A95 700 > NRA 500 > 95

GCV

CCV

35% Age 75 Age 80 Age 85 Age 90

40 Pref

700

8,539

8,539 11,000 8,539 11,789 16,000 11,789 19,116 25,000 19,116 10,372 13,372 10,372 14,751 20,000 14,751 23,001 30,000 23,001

13,825 10,284 5,768 14,430 11,126 8,452 20,129 17,432 14,584 16,992 12,764 7,840 17,560 13,181 10,854 30,088 26,554 17,805

87,000 311,000 154,000 436,000 87,000 311,000 82,000 204,210 148,000 300,000 82,000 204,210 79,000 181,000 135,000 251,214 79,000 181,000 112,000 363,000 194,312 518,000 112,000 363,000 105,165 238,557 187,600 360,000 105,165 238,557 100,000 201,000 168,000 286,000 100,000 201,000

108,850 152,600 108,850 71,474 105,000 71,474 63,350 87,925 63,350 127,050 181,300 127,050 83,495 126,000 83,495 70,350 100,100 70,350

26.0% 11.7% 6.1% 3.2% 31.5% 15.0% 8.5% 5.2% 42.5% 21.5% 13.3% 9.0% 25.2% 11.2% 5.7% 2.9% 30.0% 14.1% 7.9% 4.7% 35.1% 17.2% 10.2% 6.5% 56.7% 15.7% 6.2% 2.3% 62.4% 17.9% 7.7% 3.5% 69.8% 20.8% 9.6% 4.9%

50 Pref

700

11,789

60 Pref

700

19,116

40 Stnd

700

10,372

22.3% 9.3% 4.3% 1.8% 27.5% 12.6% 6.7% 3.8% 36.6% 18.0% 10.8% 7.0% 21.7% 9.0% 4.0% 1.5% 26.9% 12.2% 6.5% 3.6% 30.5% 14.4% 8.1% 4.9%

50 Stnd

700

14,751

60 Stnd

700

23001

41.9% 9.4% 1.9% 46.3% 11.3% 3.2%

‐ 1.2% ‐ 0.1%

61.6% 17.6% 7.5% 3.3%

6.1

Net Yield Key Employee's Investment

Employer Key Man Insurance $200,000

Mobility Needs Triggered  Tax Free Cash Starts $120,000

Key Employee Survivor Benefit $500,000



Money Flows in Only One Direction



$13,825 Key Employee's Investment

$8,539 Employer's Investment



All Policy Costs Waived Forever After 25 Monthly Benefits Paid

Cash Ends

A 40

NRA 66

LBA 85

LBA 89

8.5

Net Yield Key Employee's Investment

Employer Key Man Insurance $200,000

Mobility Needs Triggered  Tax Free Cash Starts $120,000

Key Employee Survivor Benefit $500,000



Money Flows in Only One Direction



$11,000 Employer's Investment

$10,284 Key Employee's Investment



All Policy Costs Waived Forever After 25 Monthly Benefits Paid

Cash Ends

A 40

NRA 66

LBA 85

LBA 89

13.3

Net Yield Key Employee's Investment

Employer Key Man Insurance $200,000

Mobility Needs Triggered  Tax Free Cash Starts $120,000

Key Employee Survivor Benefit $500,000



Money Flows in Only One Direction



$8,539 Employer's Investment



All Policy Costs Waived Forever After 25 Monthly Benefits Paid

$5,768 Key Employee's Investment

Cash Ends

A 40

NRA 66

LBA 85

LBA 89

Mobility Needs Triggered 

11.3

Tax Free Cash Starts $226,503

Net Yield Key Employee's Investment

Employer Key Man Insurance $200,000

Key Employee Survivor Benefit $500,000



Money Flows in Only One Direction





$13,825 Key Employee's Investment

All Policy Costs Waived Forever After 25 Monthly Benefits Paid

$8,539 Employer's Investment

Cash Ends $37,750

A 40

NRA 66

LBA 85

LBA 89

Mobility Needs Triggered 

Tax Free Cash Starts $260,144

14.8

Net Yield Key Employee's Investment

Employer Key Man Insurance $200,000

Key Employee Survivor Benefit $500,000



Money Flows in Only One



Direction

All Policy Costs Waived Forever After 25 Monthly Benefits Paid



$11,000 Employer's Investment

$10,284 Key Employee's Investment

LBA 89 Cash Ends $43,357

A 40

NRA 66

LBA 85

17.3

Mobility Needs Triggered 

Net Yield Key Employee's Investment

Tax Free Cash Starts $197,453

Employer Key Man Insurance $200,000

Key Employee Survivor Benefit $500,000



Money Flows in Only One Direction





All Policy Costs Waived Forever After 25 Monthly Benefits Paid

$8,539 Employer's Investment

$5,768 Key Employee's Investment

Cash Ends

A 40

NRA 66

LBA 85

LBA 89

Title Page

PruLife ® Founders Plus Indexed UL

Life Insurance Illustration

ILLUSTRATION FOR Valued Client

PRESENTED BY: Gary H Scholnick, CLU ChFC Advanced Income Strategies 6632 Telegraph Road # 372 Bloomfield Hills, MI 48301

.

Gary H Scholnick, CLU ChFC, your financial professional, may be an agent operating under his or her own firm, an independent broker, or a financial professional with a Prudential Financial company. Non-Prudential financial representatives are authorized to sell and service certain insurance products of Prudential Financial companies in addition to products of companies not affiliated with Prudential Financial. The firms of non-Prudential financial representatives are not affiliated with Prudential Financial. PruLife ® Founders Plus Indexed UL is issued by Pruco Life Insurance Company, 213 Washington Street, Newark, NJ 07102-2992, a Prudential Financial company solely responsible for its own financial condition and contractual obligations. All guarantees are based on the claims paying ability of the insurer. Prudential, the Prudential logo and the Rock symbol are service marks of Prudential Financial, Inc. and its related entities.

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1049331

1049331-00006-00

BAR Supplemental Report Title Paget

Valued Client, Male, 40 Preferred Non-Tobacco $700,000 Initial ## PruLife ® Founders Plus Indexed UL Type A (Fixed) Death Benefit Cash Value Accumulation Initial Annual Premium Outlay $8,539.00

BenefitAccess Rider Summary Report

A Life Insurance Policy that Does More

When you add the BenefitAccess Rider (BenefitAccess) to your life insurance policy, you get the flexibility to accelerate up to 100% of the death benefit should you become chronically or terminally ill as defined in the terms and conditions of the rider. This flexibility to accelerate the death benefit can help manage the financial uncertainty brought on by a chronic or terminal illness. You can use the benefit payments from BenefitAccess in a way that best suits your personal needs. Use it to help pay for: transportation, home modifications, skilled nursing care, and home or institutional health care to name a few. You can even use the benefit payments from BenefitAccess to pay your friends and or family members who may be providing you with care – or what we like to call “ family care”. In addition, no receipts are ever required. BenefitAccess offers you the ability to help maintain your independence with the flexibility and choice on how you will be cared for in the event of a chronic illness.

PruLife® Founders Plus Indexed UL can pay benefits at death or if the insured becomes chronically ill.

Life insurance with an optional rider that provides income if the insured becomes chronically ill

Life Insurance Policy

Insured's Chronic Illness Accelerates the death benefit to provide the insured a monthly income up to $12,600 per month if the insured becomes chronically ill

Insured's Death Provides Beneficiaries a Death Benefit of $700,000

Policies that are issued with BenefitAccess Rider also currently include Concierge Care Services, which are intended to help you manage the overwhelming task of searching for the right caregivers, facilities and service providers. This extra support is provided at no extra cost and provides easy access to valuable resources and tools. Concierge Care Services include a website where you’ll find local care providers, articles on healthcare and aging, tools to compare costs, and a toll-free number where you can speak to a live care advocate. The availability of Concierge Care Services is not guaranteed and may change.

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BAR Supplemental Report Benefits

Valued Client, Male, 40 Preferred Non-Tobacco $700,000 Initial ## PruLife ® Founders Plus Indexed UL Type A (Fixed) Death Benefit Cash Value Accumulation Initial Annual Premium Outlay $8,539.00

BenefitAccess Rider Summary Report

Accelerated Benefits under the Chronic Illness Option

Please refer to the About the Policy and Your Policy in Action sections for guaranteed elements, details of policy coverage including any riders, and other information. This report is intended to help you understand how BenefitAccess works, not predict performance.

Initial Lifetime Benefit Amount:

$700,000

The maximum amount that can be accelerated during the lifetime of the insured under the Chronic Illness Option assuming the conditions to accelerate the policy’s death benefit under the Chronic Illness Option are met. For purposes of benefit payments, the Lifetime Benefit Amount is determined at time of claim.

2023 IRS Per Diem (Daily Benefit Limit) Monthly Equivalent of the 2023 IRS Daily Benefit Limit:

$420

This is the daily amount allowed by the IRS.

$12,600

This is the monthly equivalent of the IRS daily benefit limit assuming a 30 day month.

Maximum Monthly Benefit:

$12,600

This is the contractual maximum monthly benefit amount based on the policy's death benefit. The maximum monthly benefit amount which can be accelerated is the lowest of: 1. 2% of the death benefit at the time of claim; and 2. The monthly equivalent of the IRS daily benefit limit at the time of claim; and 3. The monthly equivalent of the IRS daily benefit limit as of the contract date, compounded annually at the Daily Benefit Limit Compound Rate.

The BenefitAccess Rider is not a long-term care insurance product and is not intended to fulfill the need for long-term care insurance. The accelerated benefit is supplementary to the primary need for death benefit protection. Receiving accelerated benefits under the rider will reduce, and in some cases, eliminate the policy’s death benefit payable to the beneficiary. The remaining death benefit, if any, after payments have been received under the rider, are payable to the beneficiary upon the death of the insured. The rider may not cover all of the costs associated with the chronic illness of the insured. However, this rider can help with managing the financial uncertainty brought on by a chronic illness.

This report only discusses the chronic illness option. See the About PruLife ® Founders Plus Indexed UL section for more details on the terminal illness option.

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About the Policy

PruLife ® Founders Plus Indexed UL is a flexible premium universal life insurance policy with an optional indexed interest feature that covers the life of one insured. It offers protection with flexibility in premium payments, a choice of death benefit types and a choice between a Fixed Account and two Index Accounts. Generally, the death benefit is received income tax free under Internal Revenue Code (“IRC”) §101(a). While the values of the policy may be affected by an external index, the policy does not directly participate in any stock, bond or equity investments and the value of any external index does not reflect the payment of dividends. This illustration assumes that the currently illustrated non-guaranteed elements used will not change for all years shown. This is not likely to occur, and actual results may be more or less favorable than those shown.

About the Policy

Assumptions Used to Prepare This Illustration Policyowner

Valued Client

For use in

Michigan

Insured

Valued Client, Male, Age 40, Preferred Non-Tobacco

Basic Insurance Amount ICC22-IULPR

$700,000 See assumed future changes on the Coverage Changes page. Fixed Death Benefit, Cash Value Accumulation Test

Initial Payment Allocation S&P 500 ® Indexed Account 100% - Refer to About the Interest Rates section for information about the interest rates and allocations used in this illustration. See the About PruLife ® Founders Plus Indexed UL Section for information on the benefits and limitations of the riders described below. Complete details will be in the policy. BenefitAccess Rider ICC18 VL 145 B6-2018 The policyowner may accelerate some or all the life insurance policy’s death benefit if the criteria for a qualifying event and other conditions described in the rider are met. The Maximum Monthly Benefit Percentage can be 2% or 4% of the death benefit, subject to rider requirements. The 4% option costs more than the 2% option. This illustration assumes a 2% Maximum Monthly Benefit. This percentage is set at issue and will not change.

Rider to Provide Lapse Protection ICC18 PLI 540-2018

A conditional No-lapse guarantee that can keep your policy in effect if sufficient premiums are paid.

Billed Premium

$8,539.00 paid Annually in the first year. See Your Policy in Action for later payments.

Timing of Payments

Payments are made on the first day of each modal payment period. See the Your Policy in Action report for more information.

Distributions

The values shown in this illustration are based on the assumptions shown above and elsewhere in this illustration. Any facts that differ from these assumptions will affect these values. Any application for insurance will be subject to underwriting. The underwriting review process will determine the underwriting category, any rating and extras, and the maximum amount of coverage that will be issued. Actual policy transactions, interest credited rates, and charges deducted over time may be different from those shown here, and will determine the actual value of the policy. An annual premium of $10,419.00 will guarantee the initial coverage amount to remain in effect for life provided that you do not take loans or withdrawals, you do not change the type of death benefit, and the premium is received when due. This premium is subject to maximum premiums allowable to qualify as a life insurance policy for Federal tax purposes. This is an illustration and not a contract or offer of insurance coverage. Only the policy, if one is issued, will contain complete information about exclusions, limitations, reductions of benefits, and terms for keeping it in force. If there is a discrepancy between the illustration and the policy, the policy will be considered correct. Even though this illustration may include assumptions about loans, withdrawals, a change in death benefit type, or a decrease in Basic Insurance Amount, these transactions will not occur unless you request them.

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RB: Apr 2023 (311) MIP: 231.04

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About The Product

Overview PruLife ® Founders Plus Indexed UL is a flexible premium universal life policy with an optional indexed feature that helps you meet your life insurance needs through the many features it offers, including:

About PruLife ® Founders Plus Indexed UL

• • • • •

Flexibility of premium payments A choice of death benefit types Potential for cash value accumulation The opportunity for a No-Lapse Guarantee A guaranteed minimum interest rate.

• A fixed account that earns a non-guaranteed interest rate declared by the Company, and guaranteed to never be less than 1.00%. • Two indexed accounts that give you an opportunity to earn higher interest credit based, in part, on the performance of the Index while offering downside protection: S&P 500 ® Indexed Account Goldman Sachs Voyager Indexed Account Charges are deducted from the premiums paid. The premium remaining after the charges are deducted is the net premium. The net premium is then placed in the Fixed Account portion of the Contract Fund (see Contract Fund in the Glossary of Terms), from which any deductions including monthly charges that are due are taken and interest credits, if any, are earned. Amounts in the Fixed Account are allocated each month between the Fixed Account, the S&P 500 ® Indexed Account and the Goldman Sachs Voyager Indexed Account according to your allocation instructions. The amount transferred may be limited to a specific dollar amount through the Designated Transfer Amount provision. Any value in the Fixed Account over the designated amount will remain there until the next monthly transfer date. If the value of the Fixed Account is less than the designated amount, the full amount will be transferred. The value of maturing S&P 500 ® Indexed Account segments and the Goldman Sachs Voyager Indexed Account segments are not subject to the designated monthly transfer amount. If the policyowner elects to discontinue the Designated Transfer Amount any remaining amount in the Fixed Account may remain in the Fixed Account or be reallocated to the S&P 500 ® Indexed Account or the Goldman Sachs Voyager Indexed Account according to the policyowner’s allocation instructions. All amounts deducted from the Contract Fund including monthly charges are deducted first from the Fixed Account and, then if applicable, from the indexed account segments starting with the most recent index segment first. For multiple index segments created on the same date, amounts will be taken from these index segments in proportion to the value of these segments. The Fixed Account earns a non-guaranteed interest rate declared by the Company, which is guaranteed to never be less than 1.00%. The Goldman Sachs Voyager Indexed Account offers a Daily Interest Advantage which earns daily interest. The Daily Interest Advantage is based on a non-guaranteed interest rate, declared by the Company, of 1.20%, and is guaranteed to never be less than 0.00%. The S&P 500 ® Indexed Account and the Goldman Sachs Voyager Indexed Account offer the opportunity to earn Index Interest. At segment maturity, Index Interest, if any, will be credited on the average daily segment value, based on changes in the designated index, and subject to the applicable Participation Rate, Index Growth Floor and Index Growth Cap (if applicable). As the index account segments mature, the value of those segments is transferred based on your maturing segment allocation instructions. If you do not provide maturing allocation instructions, then the value of each maturing segment in the S&P 500 ® Indexed Account will be placed into a new S&P 500 ® Indexed Account segment and the value of each maturing segment in the Goldman Sachs Voyager Indexed Account will be placed into a new Goldman Sachs Voyager Indexed Account segment.

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This illustration assumes that a uniform interest rate is credited each year. The actual policy will credit interest any Indexed Account Segment at the guaranteed Index Growth Floor rate during a segment’s duration. At the end of the segment duration, the actual policy will then be credited with any Index Interest in excess of the Index Growth Floor rate. It is important to note that for illustration purposes only, it is assumed that amounts are allocated to a new segment immediately, and therefore begin earning Index Interest immediately. Also, for illustration purposes, Segment maturity is assumed to occur the day before the actual maturity date. The combination of these two assumptions means that Index Interest in this illustration may be reflected in the end of year 1 policy values shown. In actuality, any available Index Interest for segments established during any policy year will be credited in the subsequent policy year. Additionally, no Indexed Account Segments are created during the first 10 days after you receive the policy. Until funds are allocated to the Indexed Account segment, they will be held in the Fixed Account, and receive interest based on the currently declared rate for that account. If a premium payment, loan repayment, or designated transfer amount instruction is received within two business days of a transfer date, we reserve the right to delay transferring any applicable amounts and/or changing designated transfer instructions until the following transfer date. We reserve the right to initiate a transfer restriction period whenever a loan causes a reduction in an Indexed Account segment. The transfer restriction period is a 12-month period when no transfers are allowed from the Fixed Account to the Indexed Accounts. This period begins on the date any portion of a loan causes a reduction in an Indexed Account segment (see Loan). Net premiums and loan repayments received by us during a transfer restriction period will remain in the Fixed Account until the end of the transfer restriction period. When the transfer restriction period ends, any remaining amount in the Fixed Account may remain in the account or at the next available transfer date be reallocated to the Indexed Accounts according to your allocation instructions. This policy is not a variable product. It is a non-participating policy. It does not pay dividends. Values in the Indexed Accounts are eligible for Index Interest which is determined by a formula that is based on the performance of the designated index, the Standard & Poor’s 500 ® , (S&P 500 ® ) which excludes dividends, over the designated time period (subject to the Indexed Account's Participation Rate, Index Growth Cap and Index Growth Floor, if applicable). While the values of the policy may be affected by an external index, the policy does not directly participate in any stock, bond or equity investments and the value of any external index does not reflect the payment of dividends (non-participating). Interest rates, Participation Rates, the Index Growth Floors and Caps, and policy charges are subject to change at the Company’s discretion, but will never be less favorable than those guaranteed in the policy. The death benefit is payable upon the death of the insured. S&P 500 ® Index The S&P 500 ® Index is a product of S&P Dow Jones Indices LLC (“SPDJI”), and has been licensed for use by The Prudential Insurance Company of America for itself and affiliates including Pruco Life Insurance Company and Pruco Life Insurance Company of New Jersey (collectively “Pruco Life”). Standard & Poor’s ® , S&P ® , and S&P 500 ® are registered trademarks of Standard & Poor’s Financial Services LLC (“S&P”); Dow Jones ® is a registered trademark of Dow Jones Trademark Holdings LLC (“Dow Jones”); and these trademarks have been licensed for use by SPDJI and sublicensed for certain purposes by Pruco Life. Pruco Life’s products are not sponsored, endorsed, sold or promoted by SPDJI, Dow Jones, S&P, or their respective affiliates and none of such parties make any representation regarding the advisability of purchasing such product(s) nor do they have any liability for any errors, omissions, or interruptions of the S&P 500 ® Index. The S&P 500 ® index values used in determining the interest crediting are exclusive of dividends. Dividends paid on the securities underlying the index are not included in the index return. Over the ten year period ending December 31, 2022 the returns on the index were lower by an average of 2.18% each year compared to the same index with dividends. Past performance of the S&P 500 ® Index, or its effect on interest credited to values in the policy should not be considered representative of their future performance.

About PruLife ® Founders Plus Indexed UL

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Goldman Sachs Voyager Index The fixed indexed universal life product is not sponsored, endorsed, sold, guaranteed, underwritten, distributed or promoted by Goldman Sachs & Co. or any of its affiliates (including Goldman Sachs Asset Management, L.P.), with the exception of any endorsement, sales, distribution or promotion of this product that may occur through its affiliates that are licensed insurance agencies (excluding such affiliates, individually and collectively, “Goldman Sachs”) or its third party data providers. Goldman Sachs and its third party data providers make no representation or warranty, express or implied, regarding the advisability of purchasing life insurance products generally or the fixed indexed universal life product or selecting the reference indexes available through the fixed indexed universal life product particularly, the ability of the Goldman Sachs Voyager Index (the “Index”) to perform as intended, the merit (if any) of obtaining exposure to the Goldman Sachs Voyager Index or the suitability of purchasing or owning the fixed index universal life product. Goldman Sachs and its third party data providers do not have any obligation to take the needs of the owners of the fixed indexed universal life product into consideration in determining, composing or calculating the Goldman Sachs Voyager Index. GOLDMAN SACHS DOES NOT GUARANTEE THE ADEQUACY, TIMELINESS, ACCURACY AND/OR COMPLETENESS OF GOLDMAN SACHS VOYAGER INDEX OR OF THE METHODOLOGY UNDERLYING THE INDEX, THE CALCULATION OF THE INDEX OR ANY DATA SUPPLIED BY IT FOR USE IN CONNECTION WITH THE FIXED INDEXED UNIVERSAL LIFE PRODUCT. GOLDMAN SACHS HEREBY EXPRESSLY DISCLAIMS ANY AND ALL LIABILITY FOR ANY ERRORS, OMISSIONS, OR INTERRUPTIONS THEREIN OR IN THE CALCULATION THEREOF. GOLDMAN SACHS EXPRESSLY DISCLAIMS ALL LIABILITY FOR ANY SPECIAL, PUNITIVE, INDIRECT OR CONSEQUENTIAL DAMAGE EVEN IF NOTIFIED OF THE POSSIBILITY OF SUCH DAMAGES. THIRD PARTY DATA IS USED UNDER LICENSE AS A SOURCE OF INFORMATION FOR GOLDMAN SACHS VOYAGER INDEX. THIRD PARTY PROVIDER HAS NO OTHER CONNECTION TO GOLDMAN SACHS INDEXES AND SERVICES AND DOES NOT SPONSOR, ENDORSE, RECOMMEND OR PROMOTE ANY GOLDMAN SACHS INDEX OR SERVICES. THIRD PARTY PROVIDER HAS NO OBLIGATION OR LIABILITY IN CONNECTION WITH THE GOLDMAN SACHS INDEX AND SERVICES. THIRD PARTY PROVIDER DOES NOT GUARANTEE THE ACCURACY AND/OR THE COMPLETENESS OF ANY MARKET DATA LICENSED TO GOLDMAN SACHS AND SHALL NOT HAVE ANY LIABILITY FOR ANY ERRORS, OMISSIONS, OR INTERRUPTIONS THEREIN. THERE ARE NO THIRD-PARTY BENEFICIARIES OF ANY AGREEMENTS OR ARRANGEMENTS BETWEEN THIRD PARTY PROVIDER AND GOLDMAN SACHS. There is no guarantee that the Index will not underperform some or all of the underlying assets. In particular, the Index may have a significant weight in one of those assets at the time of a sudden drop, or no exposure to one of those underlyings at a time it has a strong performance, or a significant weight to the cash component. Different indices with a different set of underlying assets may significantly outperform the Index. The Index is not actively managed and Goldman Sachs does not exercise discretion in constructing, calculating or executing the strategy. For further information and disclosure about the strategy, including relevant risk factors, please refer to the related transaction documentation. The Index was launched on June 7, 2019. Policy Values Your policy’s Cash Value, and in some cases the Death Benefit, will vary depending upon: • The amount of premiums you pay and when you pay them. • Any loans and withdrawals you take from the policy. Loans and withdrawals will reduce the cash value and the death benefit. • Charges deducted from premiums and the Contract Fund. • Interest credited to the Contract Fund. • Any changes to the Basic Insurance Amount or death benefit option.

About PruLife ® Founders Plus Indexed UL

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Non-Guaranteed Charges deducted and interest credited are generally affected by such factors as the Company’s experience with regard to investments, mortality, expenses and persistency. Values after age 121 We discontinue the monthly charges from the Contract Fund on the first policy anniversary on or following the Insured’s 121st birthday. You may continue the policy after that anniversary and it will then continue to operate as described in its provisions (including the Death Benefit and Contract Fund provisions). However, you may not make any premium payments and no monthly charges will be deducted from the Contract Fund. Loans, loan repayments, and withdrawals may continue to be made. Default may occur if there is excess contract debt. Death Benefit Options You can choose from three death benefit types. The Type A (Fixed) Death Benefit generally equals the policy’s Basic Insurance Amount. The Type B (Variable) Death Benefit generally equals the Basic Insurance Amount plus the Contract Fund. The Type C (Premium Return) Death Benefit generally equals the Basic Insurance Amount plus the total premiums paid minus total withdrawals. If Type C is chosen as a result of a term conversion, full underwriting is required. The death benefit is not subject to the index adjustment, except as a function of the growth of the cash value. BenefitAccess Rider (Rider to Provide Acceleration of Death Benefit) With the BenefitAccess Rider (referred to in the policy as a Rider to Provide Acceleration of Death Benefit), the insured may accelerate all or part of the policy’s death benefit if the insured is chronically ill or terminally ill, provided all eligibility requirements are met. The BenefitAccess Rider is available for an extra charge; additional underwriting requirements and limits may also apply. Policyholders who purchase the BenefitAccess Rider currently have the option to enroll in Concierge Care Services. These services, offered thru a 3rd party vendor, provide the policyowner with access to self-help tools to manage chronic or terminal illness care. The availability of Concierge Care Services is not guaranteed and may change. Chronic Illness Portion - Chronically ill means the insured has been certified by a licensed health care practitioner as being, or expected to be, unable to perform (without substantial assistance from another individual) at least two activities of daily living for a period of at least 90 days due to a loss of functional capacity, or is requiring substantial supervision for protection from threats to health and safety due to severe cognitive impairment. A licensed health care practitioner must certify, at the time you apply for benefits and every 12 months thereafter, that the insured is chronically ill as defined in the Rider. The recertification will be deemed to be effective as of the start of the new benefit year. Benefit payments are subject to satisfying a 90 day elimination period beginning on the day we receive written certification that the insured is chronically ill. Accelerated benefit payments do not begin until after you satisfy the elimination period. The 90 day elimination period will be waived if the licensed health care practitioner certifies that the chronic illness is expected to last for the remainder of the Insured’s life and all other conditions of eligibility are met and we approve the claim for benefits. We reserve the right to independently assess the insured. You may choose to receive a monthly or an annual payment when accelerating the death benefit under the chronic illness option. Chronic illness benefits are subject to limits, such as a maximum monthly benefit payment that is based in part on a percentage of the lifetime benefit amount and on the per day benefit limitations set by the Internal Revenue Service. This rider is not Long-Term Care insurance (LTC) and it is not intended to replace LTC. The rider may not cover all of the costs associated with chronic illness. Riders This illustration includes the following rider(s):

About PruLife ® Founders Plus Indexed UL

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When we approve a chronic illness claim, we will permanently waive future rider charges. We will also waive policy charges and will do so permanently once you receive 25 monthly chronic illness benefit payments. Interest on outstanding loans will continue to accrue. If contract debt exceeds the cash value, and the excess contract debt exceeds any benefit payment available, a payment will be required to keep the policy in force. Terminal Illness Portion –Terminally illmeans the insuredhas amedical conditionthat is reasonably expected to result in the insured’s death within 6 months or less. If the insured is terminally ill and you meet all other requirements, such as providing a physician’s certification, you may be able to accelerate all of the death benefit in a single sum. You may choose instead to accelerate a portion of the death benefit. Payments under this portion of the rider will be reduced by a discount interest rate and are subject to a $150 processing fee. If you use the terminal illness portion of the rider, you can no longer use the chronic illness portion. AdditionalInformation about the BenefitAccess Rider -Obtaining benefits under the terms of the rider will reduce or eliminate the death benefit. If a death benefit remains, the contract fund and other values inside the policy may be adjusted. Unless all future charges are waived under this or another rider, then taking benefits under this rider this could shorten protection under a No-lapse Guarantee and require additional premiums to continue your policy. Outstanding loans will reduce payments under the rider. Benefits paid under the BenefitAccess Rider are intended to be treated for federal tax purposes as accelerated life insurance death benefits under IRC §101(g)(1)(B). Tax laws related to the receipt of accelerated death benefits are complex and benefits may be taxable in certain circumstances. Receipt of benefits may affect eligibility for public assistance programs such as Medicaid. Clients should consult tax and legal advisors prior to initiating any claim.

About PruLife ® Founders Plus Indexed UL

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Glossary of Termst s

Accelerated Benefit – BenefitAccess Rider The advance payment of some or all the death proceeds payable under a life insurance policy when the insured meets certain eligibility criteria. Age Age of the insured at the beginning of each policy year. Allocation This product provides a Fixed Account, a S&P 500 ® Indexed Account and a Goldman Sachs Voyager Indexed Account. You may allocate funds to either the Fixed Account, the S&P 500 ® Indexed Account, the Goldman Sachs Voyager Indexed Account or to all three accounts. The account or accounts to which your funds are allocated determines the interest crediting methodology applied to the policy’s Contract Fund. The policyowner chooses the allocation at issue, and may be changed later. Alternate Rate The illustrated non-guaranteed Alternate Rate used in this illustration is an Alternate Fixed Rate of 1.00% an Alternate Index Rate of 1.95% and an Alternate Daily Interest Advantage Rate of 0.00%. The alternate rate is used to calculate additional values for comparison against the illustrated values. See the About Interest Rates section for more information. Annual Contract Outlay This amount is the Annual Premium Outlay reduced by any withdrawals or loans, and increased by any loan repayments and loan interest payments. Annual Premium Outlay The annual payment amount. Annual payments are assumed to be made at the beginning of each policy year. If you make payments more frequently than annually, they are assumed to be made on When an Indexed Segment matures, the ADSV is used along with the Participation Rate, Index Growth Floor Rate and the Index Growth Cap Rate(if applicable) to calculate any Index Interest. The ADSV is equal to the amount allocated to the Indexed Accounts Segment on the segment start date less a prorated portion of the amounts withdrawn or deducted during the segment duration. The prorating is based on the number of days from the withdrawal or deduction transaction’s effective date to the segment maturity date divided by the number of days from the segment start date to the segment maturity date. The prorating takes into account that a withdrawal or deduction occurring shortly after the segment is created has more of an impact on the ADSV than a withdrawal or deduction occurring near the end of the segment duration. Basic Insurance Amount This is the face amount of your Policy. Benefit Payment The periodic or lump sum payment of the accelerated death benefit under the BenefitAccess Rider. Cash Value The amount you would receive, based on the assumptions used in this illustration, if you surrendered the policy. This amount reflects the greater of the Contract Fund and the alternate contract fund minus any Surrender Charges that may apply within the first 14 policy years. The Cash Value does not reflect any taxes that may be due upon surrender of the policy. Cash Value Accumulation Test The policyowner may elect either the Guideline Premium Test or the Cash Value Accumulation Test definition of life insurance at the time the policy is purchased. Once the policy is issued, this election may not be changed. This illustration assumes that the policyowner has chosen the Cash Value Accumulation Test. Cash Value Accumulation Test is a test to meet the definition of life insurance requirement as defined by the Internal Revenue Code 7702. Contract Fund the first day of each premium payment period. Average Daily Segment Value (ADSV)

Glossary of Terms

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This amount equals the total net premiums accumulated at interest, less charges, reductions due to accelerated death benefits and withdrawals, plus any interest credited on the loan. The value is illustrated as of the end of each policy year. The Contract Fund may vary and includes amounts from the Indexed Accounts and the Fixed Account, together with any outstanding loan principal plus loan interest credited. The Contract Fund does not include any surrender charges. All amounts deducted from the Contract Fund are taken first from the Fixed Account, then from the Indexed Account Segments if there are insufficient funds in the Fixed Account to satisfy the deduction. Amounts deducted from the Indexed Accounts Segment are deducted proportionally from the most recently opened segment first then from the next most recently opened segment, and continues in that order until the deduction has been met. This policy features an alternate contract fund, which is accumulated by adding the net premiums, deducting the same withdrawals, reductions due to accelerated death benefits and charges as the Contract Fund (except for the administrative charge that is expressed as a percentage of the Contract Fund), and crediting an annual rate of 1.00% each year, to both the non-loaned and loaned amounts. If this cumulative amount is greater than the calculated Contract Fund, this alternate amount is illustrated as the Contract Fund. If the alternate contract fund is greater than the Contract Fund, it is used in its place for most policy provisions, including the calculation of surrender value, available loan amount, amount at risk, and death benefits. Please note that there is no guarantee that the alternate contract fund will be a positive value as charges and other reductions can deplete it. See your policy for more information on the impact of the alternate contract fund on these and other values. Current, Midpoint and Guaranteed Maximum Charges The Current Charges are the amounts that we now charge and these charges are not guaranteed. We can increase the current charges without giving advance notice, but we cannot charge more than the Guaranteed Maximum Charges. Midpoint charges are an assumed rate of charges that represents an average of the current and guaranteed. Death Benefit The Death Benefit is the amount payable under the policy upon the death of the insured. The amount shown in the illustration is as of the end of the policy year. Distributions The Withdrawal plus Loan minus the Loan Interest Paid, as defined in this Glossary of Terms, as shown on the Your Policy in Action report. Fixed Account All premium payments, loan repayments, loan interest credits and amounts from matured Indexed Account Segments are initially allocated to the Fixed Account. Amounts will remain in the Fixed Account or transfer to the Indexed Accounts on the next eligible transfer date based on your allocation instructions. Amounts allocated to the Fixed Account earn interest at a rate of no less than 1.00% annually. Additional interest may be credited to the Fixed Account at the sole discretion of the company. Fixed Interest Fixed Interest can be earned in the Fixed Account and is credited daily. Please refer to www.prudential.com/universallife for the current Fixed Interest Rates. Guaranteed Interest Rates The guaranteed interest rates used in this illustration are the Guaranteed S&P 500 ® Indexed Account rate of 0.00%, the Guaranteed Goldman Sachs Voyager Indexed Account rate of 0.00%, the Guaranteed Goldman Sachs Voyager Daily Interest Advantage rate of 0.00% and the Guaranteed Fixed Account Rate of 1.00%. Illustrated Interest Rates The illustrated non-guaranteed interest rates credited to the non-loaned portion of the Contract Fund. See the About Interest Rate section for the current Illustrated Interest Rates. Index Growth Cap

Glossary of Terms

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Each Index Growth Cap is generally stated as a percentage, which is the maximum rate of Index Interest a S&P 500 ® Indexed Account Segment will earn, regardless of changes to the designated index. The Index Growth Cap is declared for each S&P 500 ® Indexed Account Segment in advance of each segment start date. Once an index segment is created its Index Growth Cap will not change. Prior to the creation of an index segment, the Index Growth Cap is subject to change at our discretion, both up and down, but is guaranteed to never be less than 3.00% for the S&P 500 ® Indexed Account. Changes to the Index Growth Cap could result in different values than shown here. Changes are not tied to the performance of the underlying index, and may be based on interest rates, market volatility, and other factors. Please refer to www.prudential.com/universallife for the current Index Growth Caps. Index Growth Floor The Index Growth Floor is generally stated as a percentage, which is the minimum rate of Index Interest the policy will earn, regardless of the performance of the designated index. The Index Growth Floor is declared for each segment in advance of each segment start date, and is guaranteed to never be less than 0.00% for the S&P 500 ® Indexed Account and 0.00% for the Goldman Sachs Voyager Indexed Account. Once an index segment is created its Index Growth Floor will not change. Changes to the Index Growth Floor could result in different values than shown here. Please refer to www.prudential.com/universallife for the current Index Growth Floors. Index Interest Index Interest, if any, will be credited to an Indexed Account’s maturing segment on the segment’s maturity date, provided the policy is in force on that date. Index Interest is the amount in excess of the guaranteed Index Growth Floor that is calculated on each segment maturity date using the Average Daily Segment Value, the index value on the segment maturity date, the index value on the segment start date, as well as any applicable Participation Rate, Index Growth Cap and Index Growth Floor. The Index Interest will never be less than zero. At the death of the insured, any segments that have not matured will have their value withdrawn and so no Index Interest will be credited. • Goldman Sachs Voyager Indexed Account Each Goldman Sachs Voyager Indexed Account is made up of segments that may earn both Index Interest and a basic interest component known as the Daily Interest Advantage. The Index Interest Floor and Participation Rate are set independently from any other Index option. Index Interest is based on the performance of an external financial index. Any Daily Interest Advantage earned is separate from Index Interest, and the Daily Interest Advantage rate used may vary during a segment’s life. The Goldman Sachs Voyager Indexed Account is tied to the Goldman Sachs Voyager Index, which excludes dividends. If this index becomes unavailable or if the index calculation is substantially changed, we will notify you of the alternate external financial index. • S&P 500 ® Indexed Account Each S&P 500 ® Indexed Account is made up of segments that may earn Index Interest. Index Interest is based on the performance of an external financial index. The S&P 500 ® Indexed Account is tied to the S&P 500 ® , which excludes dividends. If this index becomes unavailable or if the index calculation is substantially changed, we will notify you of the alternate external financial index. Indexed Account Segments Whenever a transfer is made from the Fixed Account to the S&P 500 ® Indexed Account or the Goldman Sachs Voyager Indexed Account, a new Indexed Account Segment is created. The effective date of the transfer is the segment’s start date. The segment has a specified duration of one year, and once the duration has elapsed, the segment matures on its segment maturity date. Indexed Accounts There are two types of Indexed Accounts that are available for this product:

Glossary of Terms

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Since transfers can occur once monthly and the segments are one year in duration, there may be as many as 12 segments active at one time for a given S&P 500 ® Indexed Account or Goldman Sachs Voyager Indexed Account. Although Index Interest is determined using the value of a designated index, the policy does not participate directly in the equity market. Note that premiums and loan repayments received on or after a transfer date will not be available to be applied to a new Segment until the next transfer date, but they will be credited with interest in the Fixed Account. If a premium payment or loan repayment is received within two business days of a transfer date, we reserve the right to delay allocating that payment until the following transfer date. Similarly, if a designated transfer amount instruction is received within two business days of a transfer date, we reserve the right to delay the change until the following transfer date. Lapse Lapse occurs when the policy’s Cash Value is zero, the policy’s No-Lapse Guarantee is not in effect, any premium needed to keep the policy in force is not paid when due and coverage ends. The illustration will show “END” in the year of lapse. Loan The amount of any loan assumed to be taken at the beginning of each policy year. In this illustration, loans are assumed to be taken annually with each request initiated by the policyowner. Loan repayments, if any, are indicated by a negative number in the Your Policy in Action. Amounts are taken first from the Fixed Account, then from the Indexed Accounts if there are insufficient funds in the Fixed Account to satisfy the deduction. Both standard and preferred loans are available on this policy. The standard loan interest rate is 2.00%. After 10 years, all new or existing loans are considered preferred loans with an interest rate of 1.05%. Loan interest charged on standard or preferred loans is payable at the end of each policy year. The portion of the Contract Fund equal to any loan is credited with interest at an effective annual rate of 1.00%. For the alternate contract fund calculation, the annual interest rate credited is 1.00%. Each loan request must be submitted to the Company. Loans you take against the contract are ordinarily treated as debt and are not considered distributions subject to tax. However, you should know that the Internal Revenue Service may take the position that the preferred loan should be treated as a distribution for tax purposes because of the relatively low differential between the loan interest rate and the contract's crediting rate. Distributions are subject to income tax. Were the Internal Revenue Service to take this position, Pruco Life would take reasonable steps to attempt to avoid this result, including modifying the contract's loan provisions, but cannot guarantee that such efforts would be successful. Midpoint Cash Value, Midpoint Contract Fund, Midpoint Death Benefit Non-guaranteed results based upon assumptions of interest and charges that are an average of the guaranteed and current assumptions. Midpoint Interest Rates Assumed, non-guaranteed credited interest rates are halfway between the illustrated interest rate and the minimum guaranteed interest rate. See the About the Interest Rates section for more information. Participation Rate The Participation Rate is the percent of the gain (if any) in the index value that is applied against the growth cap (if any) and floor. Participation rates for new segments may change. Once an index segment is created, its index participation rate will not change. Please refer to www.prudential.com/universallife for the current Participation Rates. Segment Duration The segment duration is stated in the policy. The segment duration for the S&P 500 ® Indexed Account and the Goldman Sachs Voyager Indexed Account is a one-year point-to-point period from the segment start date to the segment maturity date. By point-to-point, we mean that each year on the anniversary of a segment, the movement of the designated index is measured by determining the

Glossary of Terms

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