SUPPLEMENT DATED JULY 31, 1995
TO PROSPECTUS DATED MAY 1, 1995 FOR
THE PRUCO LIFE OF NEW JERSEY VARIABLE APPRECIABLE ACCOUNT
Pruco Life of New Jersey Variable Appreciable Life(R) Insurance Contracts
The purpose of this supplement is to revise the Premiums section of the
prospectus and Footnotes 3 and 4 to the illustrations on pages T1 and T2.
The Premiums section begins on page 7. The second full paragraph on page 8 is
revised to read:
Each Contract sets forth two premium amounts. The initial premium amount is
payable on the Contract date (the date the Contract is issued, as noted in each
individual Contract) and on each subsequent due date until the Contract's
anniversary immediately following the insured's 65th birthday (or until the
Contract's tenth anniversary, if that is later). The second and higher premium
amount set forth in the Contract is payable on and after that anniversary (the
"premium change date"). However, if the amount invested under the Contract is
higher than it would have been had only scheduled premiums been paid, had
maximum contractual charges been deducted, and had only an average net rate of
return of 4% been earned, then the second premium amount will be lower than the
maximum amount stated in the Contract. Indeed, under the original versions of
these Contracts, if investment experience has been favorable enough, the
Contract may become paid-up before or by the premium change date. Pruco Life of
New Jersey reserves the right not to accept any further premium payments on a
paid-up Contract. Contract owners will be told what the amount of the second
premium will be.
Footnote 3 to the illustration on page T-1 is revised to read:
Values shown in the table are applicable to both the original Contracts (the
"1984 Contracts") and the revised Contracts that first began to be issued in
September of 1986 (the "1986 Contracts"), except where the death benefit has
been increased to the Contract fund divided by the net single premium, in which
case the cash surrender value and death benefit figures shown are applicable
only to the 1986 Contracts. This first occurs at the time when the 1984
Contracts would become paid-up. For a hypothetical gross investment return of
0%, the second Scheduled Premium will be $3,477.40. For a gross return of 4%,
the second Scheduled Premium will be $2,337.40. For a gross return of 8%, the
second Scheduled Premium will be $554.80. For a gross return of 12%, the second
Scheduled Premium will be $554.80. The premiums accumulated at 4% interest in
column 2 are those payable if the gross investment return is 4%. For an
explanation of why the scheduled premium may increase on the premium change
date, see Premiums.
Footnote 3 to the illustration on page T-2 is revised to read:
Values shown in the table are applicable to both the original Contracts (the
"1984 Contracts") and the revised Contracts that first began to be issued in
September of 1986 (the "1986 Contracts"), except where the death benefit has
been increased to the Contract fund divided by the net single premium, in which
case the cash surrender value and death benefit figures shown are applicable
only to the 1986 Contracts. This first occurs at the time when the 1984
Contracts would become paid-up. For a hypothetical gross investment return of
0%, the second Scheduled Premium will be $3,477.40. For a gross return of 4%,
the second Scheduled Premium will be $2,606.00. For a gross return of 8%, the
second Scheduled Premium will be $554.80. For a gross return of 12%, the second
Scheduled Premium will be $554.80. The premiums accumulated at 4% interest in
column 2 are those payable if the gross investment return is 4%. For an
explanation of why the scheduled premium may increase on the premium change
date, see Premiums.
Footnote 4 to the illustrations on pages T-1 and T-2 is eliminated.
PLNJVAL-SUP Ed. 7-95 Catalog No. 64M5775
