SUPPLEMENT
December 31, 1996
to PROSPECTUS dated May 1, 1996 for
PRUCO LIFE INSURANCE COMPANY
VARIABLE UNIVERSAL ACCOUNT
PRUSELECT(sm) II
Variable Life
Insurance Contracts
The hypothetical illustrations on pages T1, T3, T5, and T7 are replaced by the
following illustrations with the same page numbers. These new illustrations
reflect changes in the cost of insurance rates that Pruco Life is currently
charging.
CVUL-2SUP Ed. 12-96
<PAGE>
<TABLE>
ILLUSTRATIONS
-------------
PRUSELECT II VARIABLE LIFE INSURANCE CONTRACT
FIXED DEATH BENEFIT PLAN - MALE PREFERRED ISSUE AGE 35
ASSUME PAYMENT OF $1,447.03 ANNUAL PREMIUMS FOR ALL YEARS
USING CURRENT CHARGES
<CAPTION>
Death Benefit (1) Cash Surrender Value (1)
---------------------------------------------- ----------------------------------------------
Assuming Hypothetical Gross (and Net) Assuming Hypothetical Gross (and Net)
Premiums Annual Investment Return of Annual Investment Return of
End of Accumulated ---------------------------------------------- ----------------------------------------------
Policy at 4% Interest 0% Gross 6% Gross 12% Gross 0% Gross 6% Gross 12% Gross
Year Per Year (-1.15% Net) (4.85% Net) (10.85% Net) (-1.15% Net) (4.85% Net) (10.85% Net)
---------- -------------- -------------- -------------- -------------- -------------- -------------- --------------
<S> <C> <C> <C> <C> <C> <C> <C>
1 $ 1,505 $100,000 $100,000 $ 100,000 $ 1,188 $ 1,259 $ 1,331
2 $ 3,070 $100,000 $100,000 $ 100,000 $ 2,262 $ 2,476 $ 2,699
3 $ 4,698 $100,000 $100,000 $ 100,000 $ 3,350 $ 3,779 $ 4,244
4 $ 6,391 $100,000 $100,000 $ 100,000 $ 4,351 $ 5,072 $ 5,884
5 $ 8,151 $100,000 $100,000 $ 100,000 $ 5,407 $ 6,498 $ 7,777
6 $ 9,982 $100,000 $100,000 $ 100,000 $ 6,448 $ 7,990 $ 9,873
7 $ 11,886 $100,000 $100,000 $ 100,000 $ 7,474 $ 9,553 $ 12,195
8 $ 13,867 $100,000 $100,000 $ 100,000 $ 8,485 $ 11,190 $ 14,769
9 $ 15,926 $100,000 $100,000 $ 100,000 $ 9,483 $ 12,905 $ 17,623
10 $ 18,068 $100,000 $100,000 $ 100,000 $10,464 $ 14,699 $ 20,783
15 $ 30,134 $100,000 $100,000 $ 109,645 $15,115 $ 24,999 $ 42,528
20 $ 44,813 $100,000 $100,000 $ 173,325 $19,203 $ 37,841 $ 78,358
25 $ 62,673 $100,000 $105,126 $ 267,068 $22,956 $ 54,844 $ 139,329
30 (Age 65) $ 84,403 $100,000 $128,498 $ 405,300 $25,755 $ 76,415 $ 241,022
35 $110,840 $100,000 $155,049 $ 614,294 $27,151 $103,517 $ 410,125
40 $143,005 $100,000 $185,686 $ 932,890 $25,538 $136,833 $ 687,450
45 $182,138 $100,000(2) $222,410 $1,427,761 $18,301(2) $177,363 $1,138,583
(1) Assumes no Contract loan has been made.
(2) Based on a gross return of 0%, the Contract would go into default in policy
year 50, unless an additional premium payment was made.
</TABLE>
THE HYPOTHETICAL INVESTMENT RATES OF RETURN SHOWN ABOVE AND ELSEWHERE IN THIS
PROSPECTUS ARE ILLUSTRATIVE ONLY AND SHOULD NOT BE DEEMED A REPRESENTATION OF
PAST OR FUTURE INVESTMENT RATES OF RETURN. ACTUAL RATES OF RETURN MAY BE MORE OR
LESS THAN THOSE SHOWN AND WILL DEPEND ON A NUMBER OF FACTORS INCLUDING THE
INVESTMENT ALLOCATIONS MADE BY AN OWNER, PREVAILING INTEREST RATES, AND RATES OF
INFLATION. THE DEATH BENEFIT AND CASH SURRENDER VALUE FOR A CONTRACT WOULD BE
DIFFERENT FROM THOSE SHOWN IF THE ACTUAL RATES OF RETURN AVERAGED 0%, 6%, AND
12% OVER A PERIOD OF YEARS, BUT ALSO FLUCTUATED ABOVE OR BELOW THOSE AVERAGES
FOR INDIVIDUAL CONTRACT YEARS. NO REPRESENTATIONS CAN BE MADE BY PRUCO LIFE OR
THE SERIES FUND THAT THESE HYPOTHETICAL RATES OF RETURN CAN BE ACHIEVED FOR ANY
ONE YEAR OR SUSTAINED OVER ANY PERIOD OF TIME.
T1
<PAGE>
PRUSELECT II VARIABLE LIFE INSURANCE CONTRACT
FIXED DEATH BENEFIT PLAN - MALE PREFERRED ISSUE AGE 55
ASSUME PAYMENT OF $3,670.28 ANNUAL PREMIUMS FOR ALL YEARS
USING CURRENT CHARGES
<TABLE>
<CAPTION>
Death Benefit (1) Cash Surrender Value (1)
---------------------------------------------- ----------------------------------------------
Assuming Hypothetical Gross (and Net) Assuming Hypothetical Gross (and Net)
Premiums Annual Investment Return of Annual Investment Return of
End of Accumulated ---------------------------------------------- ----------------------------------------------
Policy at 4% Interest 0% Gross 6% Gross 12% Gross 0% Gross 6% Gross 12% Gross
Year Per Year (-1.15% Net) (4.85% Net) (10.85% Net) (-1.15% Net) (4.85% Net) (10.85% Net)
---------- -------------- -------------- -------------- -------------- -------------- -------------- --------------
<S> <C> <C> <C> <C> <C> <C> <C>
1 $ 3,817 $100,000 $100,000 $100,000 $ 3,085 $ 3,269 $ 3,454
2 $ 7,787 $100,000 $100,000 $100,000 $ 5,865 $ 6,418 $ 6,994
3 $ 11,915 $100,000 $100,000 $100,000 $ 8,664 $ 9,776 $ 10,980
4 $ 16,209 $100,000 $100,000 $100,000 $11,233 $ 13,102 $ 15,209
5 $ 20,675 $100,000 $100,000 $100,000 $13,925 $ 16,759 $ 20,084
6 $ 25,319 $100,000 $100,000 $100,000 $16,563 $ 20,578 $ 25,484
7 $ 30,149 $100,000 $100,000 $100,000 $19,145 $ 24,569 $ 31,474
8 $ 35,172 $100,000 $100,000 $100,000 $21,696 $ 28,767 $ 38,149
9 $ 40,395 $100,000 $100,000 $100,000 $24,215 $ 33,185 $ 45,596
10 (Age 65) $ 45,828 $100,000 $100,000 $100,000 $26,706 $ 37,842 $ 53,914
15 $ 76,432 $100,000 $100,000 $166,613 $38,525 $ 65,161 $111,237
20 $113,666 $100,000 $135,152 $277,789 $48,482 $ 99,594 $204,704
25 $158,966 $100,000(2) $179,215 $450,772 $56,242(2) $142,917 $359,473
(1) Assumes no Contract loan has been made.
(2) Based on a gross return of 0%, the Contract would go into default in policy
year 44, unless an additional premium payment was made.
</TABLE>
THE HYPOTHETICAL INVESTMENT RATES OF RETURN SHOWN ABOVE AND ELSEWHERE IN THIS
PROSPECTUS ARE ILLUSTRATIVE ONLY AND SHOULD NOT BE DEEMED A REPRESENTATION OF
PAST OR FUTURE INVESTMENT RATES OF RETURN. ACTUAL RATES OF RETURN MAY BE MORE OR
LESS THAN THOSE SHOWN AND WILL DEPEND ON A NUMBER OF FACTORS INCLUDING THE
INVESTMENT ALLOCATIONS MADE BY AN OWNER, PREVAILING INTEREST RATES, AND RATES OF
INFLATION. THE DEATH BENEFIT AND CASH SURRENDER VALUE FOR A CONTRACT WOULD BE
DIFFERENT FROM THOSE SHOWN IF THE ACTUAL RATES OF RETURN AVERAGED 0%, 6%, AND
12% OVER A PERIOD OF YEARS, BUT ALSO FLUCTUATED ABOVE OR BELOW THOSE AVERAGES
FOR INDIVIDUAL CONTRACT YEARS. NO REPRESENTATIONS CAN BE MADE BY PRUCO LIFE OR
THE SERIES FUND THAT THESE HYPOTHETICAL RATES OF RETURN CAN BE ACHIEVED FOR ANY
ONE YEAR OR SUSTAINED OVER ANY PERIOD OF TIME.
T3
<PAGE>
PRUSELECT II VARIABLE LIFE INSURANCE CONTRACT
FIXED DEATH BENEFIT PLAN - MALE PREFERRED ISSUE AGE 35
ASSUME PAYMENT OF $3,897 ANNUAL PREMIUMS FOR SEVEN YEARS
USING CURRENT CHARGES
<TABLE>
<CAPTION>
Death Benefit (1) Cash Surrender Value (1)
---------------------------------------------- ----------------------------------------------
Assuming Hypothetical Gross (and Net) Assuming Hypothetical Gross (and Net)
Premiums Annual Investment Return of Annual Investment Return of
End of Accumulated ---------------------------------------------- ----------------------------------------------
Policy at 4% Interest 0% Gross 6% Gross 12% Gross 0% Gross 6% Gross 12% Gross
Year Per Year (-1.15% Net) (4.85% Net) (10.85% Net) (-1.15% Net) (4.85% Net) (10.85% Net)
---------- -------------- -------------- -------------- -------------- -------------- -------------- --------------
<S> <C> <C> <C> <C> <C> <C> <C>
1 $ 4,053 $100,000 $100,000 $ 100,000 $ 3,535 $ 3,739 $ 3,943
2 $ 8,268 $100,000 $100,000 $ 100,000 $ 6,767 $ 7,386 $ 8,030
3 $ 12,651 $100,000 $100,000 $ 100,000 $10,037 $ 11,291 $ 12,646
4 $ 17,210 $100,000 $100,000 $ 100,000 $13,081 $ 15,197 $ 17,576
5 $ 21,952 $100,000 $100,000 $ 100,000 $16,275 $ 19,490 $ 23,252
6 $ 26,883 $100,000 $100,000 $ 101,936 $19,433 $ 23,993 $ 29,547
7 $ 32,011 $100,000 $100,000 $ 121,851 $22,555 $ 28,718 $ 36,508
8 $ 33,291 $100,000 $100,000 $ 129,976 $22,098 $ 29,917 $ 40,246
9 $ 34,623 $100,000 $100,000 $ 138,706 $21,643 $ 31,172 $ 44,379
10 $ 36,008 $100,000 $100,000 $ 148,074 $21,187 $ 32,485 $ 48,946
15 $ 43,809 $100,000 $103,143 $ 206,429 $18,872 $ 40,006 $ 80,067
20 $ 53,300 $100,000 $109,003 $ 289,904 $16,328 $ 49,279 $ 131,062
25 $ 64,848 $100,000 $118,369 $ 418,247 $13,565 $ 61,753 $ 218,199
30 (Age 65) $ 78,898 $100,000 $130,300 $ 611,298 $ 9,726 $ 77,486 $ 363,524
35 $ 95,991 $100,000 $145,620 $ 906,408 $ 3,995 $ 97,221 $ 605,151
40 $116,788 $ 0(2) $164,643 $1,358,744 $ 0(2) $121,326 $1,001,263
45 $142,090 $ 0 $188,696 $2,063,378 $ 0 $150,478 $1,645,463
(1) Assumes no Contract loan has been made.
(2) Based on a gross return of 0%, the Contract would go into default in policy
year 38, unless an additional premium payment was made.
</TABLE>
THE HYPOTHETICAL INVESTMENT RATES OF RETURN SHOWN ABOVE AND ELSEWHERE IN THIS
PROSPECTUS ARE ILLUSTRATIVE ONLY AND SHOULD NOT BE DEEMED A REPRESENTATION OF
PAST OR FUTURE INVESTMENT RATES OF RETURN. ACTUAL RATES OF RETURN MAY BE MORE OR
LESS THAN THOSE SHOWN AND WILL DEPEND ON A NUMBER OF FACTORS INCLUDING THE
INVESTMENT ALLOCATIONS MADE BY AN OWNER, PREVAILING INTEREST RATES, AND RATES OF
INFLATION. THE DEATH BENEFIT AND CASH SURRENDER VALUE FOR A CONTRACT WOULD BE
DIFFERENT FROM THOSE SHOWN IF THE ACTUAL RATES OF RETURN AVERAGED 0%, 6%, AND
12% OVER A PERIOD OF YEARS, BUT ALSO FLUCTUATED ABOVE OR BELOW THOSE AVERAGES
FOR INDIVIDUAL CONTRACT YEARS. NO REPRESENTATIONS CAN BE MADE BY PRUCO LIFE OR
THE SERIES FUND THAT THESE HYPOTHETICAL RATES OF RETURN CAN BE ACHIEVED FOR ANY
ONE YEAR OR SUSTAINED OVER ANY PERIOD OF TIME.
T5
<PAGE>
PRUSELECT II VARIABLE LIFE INSURANCE CONTRACT
FIXED DEATH BENEFIT PLAN - MALE PREFERRED ISSUE AGE 55
ASSUME PAYMENT OF $7,633 ANNUAL PREMIUMS FOR SEVEN YEARS
USING CURRENT CHARGES
<TABLE>
<CAPTION>
Death Benefit (1) Cash Surrender Value (1)
---------------------------------------------- ----------------------------------------------
Assuming Hypothetical Gross (and Net) Assuming Hypothetical Gross (and Net)
Premiums Annual Investment Return of Annual Investment Return of
End of Accumulated ---------------------------------------------- ----------------------------------------------
Policy at 4% Interest 0% Gross 6% Gross 12% Gross 0% Gross 6% Gross 12% Gross
Year Per Year (-1.15% Net) (4.85% Net) (10.85% Net) (-1.15% Net) (4.85% Net) (10.85% Net)
---------- -------------- -------------- -------------- -------------- -------------- -------------- --------------
<S> <C> <C> <C> <C> <C> <C> <C>
1 $ 7,938 $100,000 $100,000 $100,000 $ 6,890 $ 7,290 $ 7,689
2 $ 16,194 $100,000 $100,000 $100,000 $13,184 $ 14,395 $ 15,656
3 $ 24,780 $100,000 $100,000 $100,000 $19,552 $ 22,007 $ 24,663
4 $ 33,710 $100,000 $100,000 $100,000 $25,483 $ 29,633 $ 34,304
5 $ 42,997 $100,000 $100,000 $100,000 $31,719 $ 38,039 $ 45,441
6 $ 52,655 $100,000 $100,000 $107,856 $37,896 $ 46,887 $ 57,825
7 $ 62,699 $100,000 $102,058 $129,838 $44,021 $ 56,203 $ 71,502
8 $ 65,207 $100,000 $103,693 $139,522 $43,125 $ 58,621 $ 78,877
9 $ 67,815 $100,000 $105,450 $150,073 $42,220 $ 61,162 $ 87,043
10 (Age 65) $ 70,528 $100,000 $107,340 $161,583 $41,305 $ 63,833 $ 96,089
15 $ 85,808 $100,000 $118,546 $236,366 $36,232 $ 79,146 $157,806
20 $104,399 $100,000 $132,638 $350,373 $28,769 $ 97,741 $258,191
25 $127,017 $100,000(2) $152,164 $532,468 $15,312(2) $121,345 $424,623
(1) Assumes no Contract loan has been made.
(2) Based on a gross return of 0%, the Contract would go into default in policy
year 29, unless an additional premium payment was made.
</TABLE>
THE HYPOTHETICAL INVESTMENT RATES OF RETURN SHOWN ABOVE AND ELSEWHERE IN THIS
PROSPECTUS ARE ILLUSTRATIVE ONLY AND SHOULD NOT BE DEEMED A REPRESENTATION OF
PAST OR FUTURE INVESTMENT RATES OF RETURN. ACTUAL RATES OF RETURN MAY BE MORE OR
LESS THAN THOSE SHOWN AND WILL DEPEND ON A NUMBER OF FACTORS INCLUDING THE
INVESTMENT ALLOCATIONS MADE BY AN OWNER, PREVAILING INTEREST RATES, AND RATES OF
INFLATION. THE DEATH BENEFIT AND CASH SURRENDER VALUE FOR A CONTRACT WOULD BE
DIFFERENT FROM THOSE SHOWN IF THE ACTUAL RATES OF RETURN AVERAGED 0%, 6%, AND
12% OVER A PERIOD OF YEARS, BUT ALSO FLUCTUATED ABOVE OR BELOW THOSE AVERAGES
FOR INDIVIDUAL CONTRACT YEARS. NO REPRESENTATIONS CAN BE MADE BY PRUCO LIFE OR
THE SERIES FUND THAT THESE HYPOTHETICAL RATES OF RETURN CAN BE ACHIEVED FOR ANY
ONE YEAR OR SUSTAINED OVER ANY PERIOD OF TIME.
T7
