EX-99.D 5 contractsandallriders.htm CONTRACTS AND ALL RIDERS

EXHIBIT 26(d)(i)(a)

PRUCO LIFE INSURANCE COMPANY OF NEW JERSEY
NEWARK, NEW JERSEY
A Stock Company Subsidiary of The Prudential Insurance Company of America
- -------------------------------------------------------------------------------
INSURED POLICY NUMBER
CONTRACT DATE
FACE AMOUNT

PREMIUM PAID CONTRACT
AGENCY CHANGE DATE
- -------------------------------------------------------------------------------

We will pay the beneficiary the proceeds of this contract promptly if we receive
due proof that the Insured died. We make this promise subject to all the
provisions of the contract.

The Death Benefit will be the face amount we show above plus the amount of any
extra benefit unless the contract is in default or there is contract debt. (If
and when the contract becomes paid-up, the death benefit after that will be as
we describe under Paid-up Contract on page 9.)

The cash value may increase or decrease daily depending on the payment of
premiums, the investment experience of the separate account and the level of
mortality charges made. There is no guaranteed minimum.

We specify a schedule of premiums. Additional unscheduled premiums may be paid
at your option subject to the limitations in the contract.

Please read this contract with care. A guide to its contents is on the last
page. A summary is on page 2. If there is ever a question about it, or if there
is a claim, just see one of our representatives or get in touch with one of our
offices.

RIGHT TO CANCEL CONTRACT.--You may return this contract to us within (1) 10 days
after you get it, or (2) 45 days after Part 1 of the application was signed, or
(3) 10 days after we mail or deliver to you any withdrawal right notice required
by the Securities and Exchange Commission, whichever is latest. All you have to
do is take the contract or mail it to one of our offices or to the
representative who sold it to you. It will be canceled from the start and we
will promptly give you the value of your contract Fund on the date you return
the contract to us. We will also give back any charges we made in accord with
this contract.

Signed for Pruco Life Insurance Company of New Jersey,
a New Jersey Corporation.

/s/ [SPECIMEN] /s/ [SPECIMEN]
Secretary President

MODIFIED PREMIUM VARIABLE LIFE INSURANCE POLICY. INSURANCE PAYABLE ONLY UPON
DEATH. SCHEDULED PREMIUMS PAYABLE THROUGHOUT INSURED'S LIFETIME. PROVISION FOR
OPTIONAL ADDITIONAL PREMIUMS. CASH VALUES REFLECT PREMIUM PAYMENTS, INVESTMENT
RESULTS AND MORTALITY CHARGES. GUARANTEED DEATH BENEFIT IF SCHEDULED PREMIUMS
DULY PAID AND NO CONTRACT DEBT. INCREASE IN FACE AMOUNT AT ATTAINED AGE 21 IF
CONTRACT ISSUED AT AGE 14 OR LOWER. NON-PARTICIPATING.

VALA--84 - N

CONTRACT SUMMARY

We offer this summary to help you understand this contract. We do not intend
that it change any of the provisions of the contract.

This is a contract of life insurance. Premiums are to be paid throughout the
Insured's lifetime. We specify a schedule of premiums that will keep the
contract in force. Additional premiums may be paid at your option, subject to
limits in the contract. The cash value will vary with the payment of premiums,
the investment performance of those subaccounts of the Pruco Life
Variable Appreciable Account that you select, and the extent to which mortality
charges are less than the guaranteed maximums. But the death benefit is
guaranteed and, until the time if any when the contract becomes paid-up, will
not vary if the contract is not in default past its days of grace, and there is
no contract debt. (We describe on page 8 the way the contract can go into
default, and on page 9 how the contract may become paid-up and how the death
benefit may vary above the face amount after that.) If the contract remains in
default past its days of grace, the contract may end or it may stay in force
with reduced benefits. If either occurs, you may be able to reinstate its full
benefits. The guaranteed death benefit is the face amount. On the date, if any,
when we determine that the contract has become fully paid-up, we will recompute
the guaranteed death benefit. It may be higher; it will not be lower. The death
benefit may vary after that, but it will not be less than the recomputed
guaranteed amount if there is no contract debt.

Proceeds is a word we use to mean the amount we would pay if we were to settle
the contract in one sum. To compute the proceeds that may arise from the
Insured's death, we start with a basic amount. We may adjust that amount if
there is a loan or if the contract is in default. The table on page 21 tells
what the basic amount is. The amount depends on how the contract is in force.
The table will refer you to the parts of the contract that tell you how we
adjust the basic amount. If you surrender the contract. the proceeds will be the
net cash value. We describe it under Cash Value Option on pages 13 and 14.

Proceeds often are not taken in one sum. For instance, on surrender, you may be
able to put proceeds under a settlement option to provide retirement income or
for some other purpose. Also, for all or part of the proceeds that arise from
the Insured's death, you may be able to choose a manner of payment for the
beneficiary. If an option has not been chosen, the beneficiary may be able to
choose one. We will pay interest under Option 3 from the date of death on any
proceeds to which no other manner of payment applies. This will be automatic as
we state on page 20. There is no need to ask for it.

You and we may agree on a change in the ownership of this contract. Also, unless
we endorse it to say otherwise, the contract gives you these rights, among
others:

o You may change the beneficiary under it.
o You may borrow on it up to its loan value.
o You may surrender it for its net cash value.
o You may change the allocation of future net premiums among the subaccounts.
o You may transfer amounts among subaccounts.

The contract, as issued, may or may not have extra benefits that we call
Supplementary Benefits. If it does, we list them under Supplementary Benefits on
the Contract Data page(s) and describe them after page 20. The contract may or
may not have other extra benefits. If it does, we add them by rider. Any extra
benefit ends as soon as the contract is in default past its days of grace,
unless the form that describes it states otherwise.

(Contract Summary Continued on Page 21)

Page 2 (VALA--84)

CONTRACT DATA

INSURED'S SEX AND ISSUE AGE M-35
RATING CLASS NONSMOKER

INSURED JOHN DOE XX XXX XXX POLICY NUMBER
JUL 1, 1984 CONTRACT DATE

FACE AMOUNT $50,000-- CONTRACT

PREMIUM PERIOD LIFE
AGENCY R-NK 1 JUL 1, 2014 CHANGE DATE

BENEFICIARY CLASS 1 MARY DOE, WIFE
CLASS 2 ROBERT DOE, SON

LIST OF CONTRACT MINIMUMS

THE MINIMUM FACE AMOUNT IS $50,000
THE MINIMUM UNSCHEDULED PREMIUM IS $25.

LIST OF SUPPLEMENTARY BENEFITS
*****NONE*****

SCHEDULE OF PREMIUMS

PLANNED PAYMENT DATES OF SCHEDULED PREMIUMS OCCUR ON THE CONTRACT DATE AND AT
INTERVALS OF 12 MONTHS AFTER THAT DATE.

SCHEDULED PREMIUMS ARE $XXX.XX EACH
CHANGING JUL 1, 2014 TO $XXX.XX EACH THEREAFTER

*****END OF SCHEDULE*****

*****NOTICE*****

CONTRACT DATA CONTINUED ON NEXT PAGE

Page 3(84)

POLICY NO. XX XXX XXX

CONTRACT DATA CONTINUED

SCHEDULE OF EXPENSE CHARGES FROM PREMIUM PAYMENTS

FROM EACH PREMIUM PAID WE DEDUCT A PER-PAYMENT PROCESSING CHARGE OF $2.00.

FROM THE REMAINDER WE DEDUCT A CHARGE OF 7.5%, WHICH IS USED TO PAY FOR SALES
CHARGES AND STATE PREMIUM TAXES. AFTER DEDUCTION OF THIS AMOUNT, THE BALANCE IS
THE INVESTED PREMIUM AMOUNT (SEE PAGE 11.)

*****END OF SCHEDULE*****

SCHEDULE OF MONTHLY DEDUCTIONS FROM CONTRACT FUND

THE MONTHLY ADMNISTRATION CHARGE IS $3.50. THE MONTHLY CHARGE TO GUARANTEE THE
MINIMUM DEATH BENEFIT IS $0.50

*****END OF SCHEDULE*****

SCHEDULE OF MAXIMUM SURRENDER CHARGES

FOR FULL SURRENDER AT THE END OF THE CONTRACT YEAR INDICATED, THE MAXIMUM
CHARGES WE WILL DEDUCT FROM THE CONTRACT FUND ARE SHOWN BELOW. FOR SURRENDER AT
OTHER THAN YEAR-END DURING THE SIXTH THROUGH TENTH YEARS, THE AMOUNT OF THE
CHARGE WILL REFLECT THE NUMBER OF COMPLETED CONTRACT MONTHS SINCE THE BEGINNING
OF THE CONTRACT YEAR. (SEE PAGE 14.)

YEAR OF DEFERRED DEFERRED UNDERWRITING
SURRENDER SALES CHARGE AND ISSUE CHARGE TOTAL
- --------- ------------ ---------------------- -------
1 $XXX.XX $XXX.XX $XXX.XX
2 XXX.XX XXX.XX XXX.XX
3 XXX.XX XXX.XX XXX.XX
4 XXXOXX XXX.XX XXX.XX
5 XXX.XX XXX.XX XXX.XX
6 XXX.XX XXX.XX XXX.XX
7 XXX.XX XXX.XX XXX.XX
8 XXX.XX XXX.XX XXX.XX
9 XXX.XX XXX.XX XXX.XX
10 ZERO ZERO ZERO
11 AND LATER ZERO ZERO ZERO

*****END OF SCHEDULE*****

CONTRACT DATA CONTINUED ON NEXT PAGE

Page 3A(84)

POLICY NO. XX XXX XXX

CONTRACT DATA CONTINUED

LIST OF SUBACCOUNTS AND PORTFOLIOS

EACH SUBACCOUNT OF THE PRUCO LIFE VARIABLE APPRECIABLE ACCOUNT INVESTS IN A
SPECIFIC PORTFOLIO OF THE PRUCO LIFE SERIES FUND. WE SHOW BELOW THE SUBACCOUNTS
AND THE FUND PORTFOLIOS THEY INVEST IN.

FUND
SUBACCOUNT PORTFOLIO
- ---------- ----------
MONEY MARKET MONEY MARKET
BOND BOND
COMMON STOCK COMMON STOCK
AGGRESSIVELY MANAGED FLEXIBLE AGGRESSIVELY MANAGED FLEXIBLE
CONSERVATIVELY MANAGED FLEXIBLE CONSERVATIVELY MANAGED FLEXIBLE

INITIAL ALLOCATION OF NET PREMIUMS

MONEY MARKET SUBACCOUNT 20%
BOND SUBACCOUNT 20%
COMMON STOCK SUBACCOUNT 20%
AGGRESSIVELY MANAGED FLEXIBLE SUBACCOUNT 20%
CONSERVATIVELY MANAGED FLEXIBLE SLUBACCOUNT 20%

*****END OF LIST*****

SERVICE OFFICE--PLEASE DIRECT ANY COMMUNICATIONS ABOUT THIS CONTRACT TO:

PRUCO LIFE INSURANCE COMPANY OF NEW JERSEY
P.O. BOX XXXX
CITY, STATE XXXXX

Page 3B(84)

POLICY NO. XX XXX XXX

TABULAR VALUES

WE EXPLAIN THIS TABLE UNDER CONTRACT FUND AND TABULAR VALUES. ACTUAL CONTRACT
FUND VALUES AND CASH VALUES MAY BE MORE OR LESS THAN AMOUNT SHOWN (SEE CONTRACT
FUND AND CASH VALUE OPTION.)

END OF TABULAR TABULAR
CONTRACT CONTRACT CASH
YEAR FUND VALUE
- -------- -------- -------
1
2
3
4
5

6
7
8
9
10

11
12
13
14
15

16
17
18
19
20

ATTAINED
AGE
- --------
60
62
65

TABULAR CASH VALUES THROUGH THE FIRST 10 CONTRACT YEARS ARE THE TABULAR CONTRACT
FUND VALUES MINUS A SURRENDER CHARGE. WE DESCRIBE UNDER CASH VALUE OPTION ON
PAGES 13 AND 14 HOW THE SURRENDER CHARGE IS DETERMINED. WE SHOW ON A PRIOR
CONTRACT DATA PAGE WHAT THE MAXIMUM SURRENDER CHARGE WILL BE.

TABULAR CASH VALUES AFTER THE 10TH CONTRACT YEAR WILL BE THE SAME AS THE TABULAR
CONTRACT FUND VALUES SHOWN ABOVE.

Page 4(84)

ENDORSEMENTS
(Only we can endorse this contract.)

GENERAL PROVISIONS

DEFINITIONS.--We define here some of the words and phrases used all through this
contract. We explain others, not defined here, in other parts of the text.

WE, OUR, US AND COMPANY.--Pruco Life Insurance Company of New Jersey, a New
Jersey Corporation.

YOU AND YOUR.--The owner of the contract.

INSURED.--The person named as the Insured on the first page. He or she need not
be the owner.

Example: Suppose we issue a contract on the life of your spouse. You applied
for it and named no one else as owner. Your spouse is the Insured and you are
the owner.

SEC.--The Securities and Exchange Commission.

ISSUE DATE.--The contract date.

MONTHLY DATE.--The contract date and the same day as the contract date in each
later month.

Example: If the contract date is March 9, 1986, the Monthly Dates are each March
9, April 9, May 9 and so on.

ANNIVERSARY OR CONTRACT ANNIVERSARY.--The same day and month as the contract
date in each later year.

Example: If the contract date is March 9, 1986, the first anniversary is March
9, 1987. The second is March 9, 1988, and so on.

CONTRACT YEAR.--A year that starts on the contract date or on an anniversary.

Example: If the contract date is March 9, 1986, the first contract year starts
then and ends on March 8, 1987. The second starts on March 9, 1987 and ends on
March 8, 1988, and so on.

CONTRACT MONTH.--A month that starts on a Monthly Date.

Example: If March 9, 1986 is a Monthly Date, a contract month starts then and
ends on April 8, 1986. The next contract month starts on April 9, 1986 and ends
on May 8, 1986, and so on.

ATTAINED AGE.--The Insured's attained age at any time is the issue age plus the
length of time since the contract date. You will find the issue age near the top
of page 3.

THE CONTRACT.--This policy and the application, a copy of which is attached,
form the whole contract. We assume that all statements in the application were
made to the best of the knowledge and belief of the person(s) who made them; in
the absence of fraud they are deemed to be representations and not warranties.
We relied on those statements when we issued the contract. We will not use any
statement, unless made in the application, to try to void the contract or to
deny a claim.

CONTRACT MODIFICATIONS.--Only a Company officer may agree to modify this
contract, and then only in writing.

NON-PARTICIPATING.--This contract will not share in our profits or surplus
earnings. We will pay no dividends on it.

SERVICE OFFICE.--This is the office that will service this contract. Its mailing
address is the one we show on the Contract Data pages, unless we notify you of
another one.

OWNERSHIP AND CONTROL.--Unless we endorse this contract to say otherwise: (1)
the owner of the contract is the Insured; and (2) while the Insured is living
the owner alone is entitled to (a) any contract benefit and value, and (b) the
exercise of any right and privilege granted by the contract or by us.

SUICIDE EXCLUSION.--lf the Insured, whether sane or insane, dies by suicide
within two years from the issue date, we will pay no more under this contract
than the sum of the premiums paid.

CURRENCY.--Any money we pay, or that is paid to us, must be in United States
currency. Any amount we owe will be payable at our Service Office.

(Continued on Next Page)

Page 5 (VALA--84) - N

GENERAL PROVISIONS (Continued)

MISSTATEMENT OF AGE OR SEX.--If the Insured's stated age or sex or both are not
correct, we will adjust each benefit and any amount to be paid to reflect the
correct age and sex. Where required, we have given the insurance regulator a
detailed statement of how we will make these changes.

The Schedule of Premiums may show that premiums change or stop on a certain
date. We may have used that date because the Insured would attain a certain age
on that date. If we find that the issue age was wrong, we will correct that
date.

INCONTESTABILITY.--Except for default, we will not contest this contract after
it has been in force during the Insured's lifetime for two years from the issue
date.

ASSIGNMENT.--We will not be deemed to know of an assignment unless we receive
it, or a copy of it, at our Service Office. We are not obliged to see that an
assignment is valid or sufficient.

ANNUAL REPORT.--Each year we will send you a report. It will show: (1) the
current death benefit; (2) the investment amount; (3) the amount of investment
amount in each subaccount; (4) the net cash value; (5) premiums paid and monthly
charges deducted since the last report; and (6) any contract debt and the
interest on the debt for the prior year. The report will also include any other
data that may be currently required where this contract is delivered. No report
will be sent if this contract is being continued under extended term insurance.

You may ask for a similar report at some other time during the year. Or you may
request from time to time a report protecting results under your contract on the
basis of premium payment assumptions and assumed investment results. We have the
right to make a reasonable charge for reports such as these that you ask for,
and to limit the scope and frequency of such reports.

INCREASE IN FACE AMOUNT AT AGE 21 FOR CONTRACTS ISSUED AT AGE 14 OR LOWER.--If
this contract was issued at age 14 or lower, it shows on page 3 an increase in
face amount at attained age 21, which applies if the contract is not then in
default beyond its days of grace. If so, any references in the contract to face
amount or death benefit which apply at or after attained age 21 will be based
upon the increased face amount, unless otherwise stated.

DEATH PROCEEDS.--The table of Basic Amounts on page 21 describes how the
proceeds payable at death will be determined, depending on the status of the
contract at the time of death. In addition to what is shown in that table, a
special situation will apply in those cases where all of these conditions exist:
(a) the contract was issued at an age below 15; (b) death occurs before attained
age 21; (c) the contract is on a premium paying basis and not in default past
its days of grace; (d) the contract fund is not sufficient to make the contract
paid up for the ultimate face amount; (e) the contract fund is greater than the
sum of the net single premium for the initial face amount and the present value,
discounted at a rate we set from time to time but no less than 4% a year, of all
future charges for extra benefits other than those which do not continue after a
contract such as this becomes paid up. (See above and Paid-up Contract, page 9.)

In this case, the Basic Amount will not be as described on page 21 but will be
the total of (1) the initial face amount, plus (2) the amount which results from
dividing the contract fund minus the present value of the future charges for
extra benefits referred to above, minus the net single premium for the initial
face amount, by the net single premium at the then attained age, plus (3) the
amount of any extra benefits.

PAYMENT OF DEATH CLAIM.--If we settle this contract in one sum as a death claim,
we will usually pay the proceeds within 7 days after we receive at our Service
Office proof of death and any other information we need to pay the claim. But in
the event of death while the contract is either fully paid-up or is in force as
variable reduced paid-up insurance we have the right to defer paying any portion
of the proceeds greater than the minimum guaranteed death benefit if (1) the New
York Stock Exchange is closed; or (2) the SEC requires that trading be
restricted or declares an emergency; or (3) the SEC lets us defer payment to
protect our contract owners.

Page 6 (VALA--84)

PREMIUM PAYMENT AND REINSTATEMENT

PAYMENT OF PREMIUMS.--Premiums may be paid at our Service Office or to any of
our authorized representatives. If we are asked to do so, we will give a signed
receipt.

Premium payments will in most cases be credited as of the date of receipt, to
both the contract fund and the premium account. (See Contract Fund, page 11, and
Premium Account, page 8.) Premium credits to the contract fund are the invested
premium amounts, (see page 11.) Premium credits to the premium account are the
full premiums paid with no deductions. But in the following cases, to the extent
stated, premium payments will be credited as of a date other than the date of
receipt:

1. The first scheduled premium is due on the Contract Date. But if the first
premium payment is received after the Contract Date, the scheduled portion will
be credited to the contract fund and the premium account as of the Contract
Date. And any portion of that first premium payment in excess of the first
scheduled premium will be credited as of the date of receipt. If the first
premium is received before the Contract Date, the entire payment will be
credited as of the Contract Date.

2. If a premium payment is received during the 61 day period after the day when
a scheduled premium was due and had not yet been paid, here is what we will do.
We will determine whether the premium account, (see Premium Account below,) just
before receipt of that payment was a negative amount. If not--that is, if the
premium account was zero or higher--the premium payment will be credited as of
the date of receipt. But if the premium account was negative, by no more than
the scheduled premium on the due date, that portion of the premium payment
required to bring the premium account up to zero will be credited to the premium
account as of the due date; any remaining portion of the premium payment will be
credited to the premium account as of the date of receipt. If the premium
account is negative by more than the scheduled premium then due, the premium
payment will be credited as of the date of receipt, except in the situation
described in 3 below.

3. On each Monthly Date we will determine if the contract fund is in default.
(See Default on page 8.) We will notify you of the minimum payment amount needed
to bring the contract out of default. If one or more premium payments are made
during the days of grace after that monthly date, (see Grace Period on page 8,)
we will credit to the contract fund and the premium account as of the applicable
Monthly Dates, such parts of the payments as are needed to end the default
status; any remaining part of these premium payments will be credited to the
contract fund and premium account as of the date of receipt.

Scheduled Premiums.--We show the amount and frequency of the scheduled premiums
in the Schedule of Premiums. The first scheduled premium is due on the contract
date. There is no insurance under this contract unless an amount at least equal
to the first scheduled premium is paid.

The scheduled premium shown is the minimum required, at the frequency chosen, to
continue the contract in full force if all scheduled premiums are paid when due,
investment returns are at the rate assumed, we deduct mortality charges at no
less than the maximum rate, and any contract debt does not exceed the cash
value.

If you wish to pay, on a regular basis, higher premiums than the amount of the
scheduled premium, we will bill you for the higher amount you choose.

If scheduled premiums that are due are not paid, or if smaller payments are
made, the contract may then or at some future time go into default. The
conditions under which default will exist are described below.

UNSCHEDULED PREMIUMS.--Except as we state in the next paragraph unscheduled
premiums may be paid at any time during the Insured's lifetime as long as the
contract is not in default beyond its days of grace. We show on page 3 the
minimum premium we will accept. We have the right to limit unscheduled premiums
to a total of $10,000 in any contract year.

If we determine at any time that investment returns above the assumed rate, or
smaller than maximum mortality charges or greater than scheduled premium
payments have made the contract paid-up, we have the right to accept no further
premium payments, or to limit the amount or frequency of premium payments
thereafter. (See Paid-up Contract, page 9.)

PREMIUM CHANGE ON CONTRACT CHANGE DATE.--We show the Contract Change Date in the
Contract Data on page 3. We also show in the Schedule of Premiums on page 3 that
the amount of each scheduled premium will change on the Contract Change Date and
what the new premium will be. However, when the Contract Change Date arrives we
will recompute a new premium amount to be used in calculating the premium
account. The new premium that we recompute will be no greater than the new
premium for that date which we show on page 3. In addition, if the premium
account is less than zero, we will set the premium account to zero.

(Continued on Next Page)

Page 7 (VALA--84)

PREMIUM PAYMENT AND REINSTATEMENT (Continued)

The Schedule of Premiums may also show that the premium changes at other times.
This may occur, for example, with a contract issued with extra benefits or in an
extra rating class if, in either case, this calls for a higher or extra premium
for a limited period of time.

DEFAULT.--Unless the contract is already in the grace period, (see below,) on
each monthly date, after we deduct any charges from the contract fund (which we
describe on page 11) and add any credits to it, we will determine whether the
contract is in default. To do so we will compute the amount which will accrue to
the tabular contract fund on the next monthly date if, during the current
contract month: (1) investment returns are at the assumed rate; and (2) we make
the other charges and credits we have set, including interest on contract debt;
and (3) we receive no premiums or loan repayments and make no more loans or
grant any partial withdrawals. We will subtract this amount from the contract
fund. If the result is zero or more, (that is, not a negative amount,) the
contract is not in default. But if there is a fund deficit--that is, if the
result is less than zero--the contract is in default if the premium account,
which we define below, is also less than zero.

GRACE PERIOD.--We grant 61 days of grace from any monthly date (other than the
contract date) on which the contract goes into default. During the days of grace
we will continue to accept premiums and make the charges we have set. If the
monthly date was a scheduled premium due date, when we receive a premium payment
during the days of grace we will first determine whether it satisfies case 2
under Payment of Premiums above. If it does, the default will end. If it does
not, or if the monthly date when the contract went into default was not a
scheduled premium due date, here is what we will do:

If at any time during the days of grace, we have received payments that in total
are at least equal to the lesser of (a) the sum of the fund deficit, (that is,
the amount by which the contract fund is below the tabular contract fund,) on
the date of default and any subsequent Monthly Date, and (b) the sum of the
amount by which the premium account is negative on the date of default and any
scheduled premiums due since the date of default, the default will end.

If the contract is still in default when the days of grace are over, it will end
and have no value, except as we state under Contract Value Options, (which we
describe on page 13).

PREMIUM ACCOUNT.--On the contract date, the premium account is equal to the
premium received on that date minus the scheduled premium then due. On any other
day, the premium account is equal to:

1. what it was on the prior day; plus

2. if the premium account was greater than zero on the prior day, interest on
the excess at 4% year; minus

3. if the premium account was less than zero on the prior day, interest on the
deficit at 4% a year; plus

4. any premium received on that day; minus

5. any scheduled premium due on that day; minus

6. any partial withdrawals on that day.

The contract might be in default, as described above. If so, the premium account
is a negative amount, less than zero. If a premium payment is received on any
day during the days of grace while the contract is in default and the premium
account is negative by no more than one scheduled premium, that payment. to the
extent that it is required to bring the premium account up to zero, will, as we
describe under Payment of Premiums above, be credited to the premium account as
of the monthly date when the scheduled premium was due, whether the date of
default or a subsequent monthly date. Any remaining portion of the premium
payment will be credited as of the actual date of receipt. In this case the
premium account for all days from the monthly date to the actual date of receipt
will be recalculated.

REINSTATEMENT.--If this contract ends as we describe under Grace Period, you may
reinstate it, if all these conditions are met:

1. No more than three years must have elapsed since the date of default.

2. You must not have surrendered the contract for its net cash value.

3. You must give us any facts we need to satisfy us that the insured is
insurable for the contract.

4. We must be paid a premium at least equal to the amount required to bring the
premium account up to zero on the first monthly date on which a scheduled
premium is due after the date of reinstatement. From this amount we will deduct
$2, plus 7 1/2% of the remaining payment, plus any charges with interest for any
extra benefits, plus any other expense charges with interest. The contract fund
will be equal to the balance, plus the cash value of the contract immediately
before reinstatement, plus a refund of that part of any surrender charge paid at
the time of default which would be charged if the contract were surrendered
immediately after reinstatement.

5. If before reinstatement the contract is in force as reduced paid-up insurance
(see page 13) any contract debt under reduced paid-up insurance must be repaid
with interest or carried over to the reinstated contract.

If we approve the reinstatement, these statements apply. The date of
reinstatement will be the date of your request or the date the required premium
is paid, if later. And we will start to make daily and monthly charges and
credits again as of the date of reinstatement.

Page 8 (VALA)--84)

BENEFICIARY

You may designate or change a beneficiary. Your request must be in writing and
in a form that meets our needs. It will take effect only when we file it at our
Service Office; this will be after you send the contract to us to be endorsed,
if we ask you to do so. Then any previous beneficiary's interest will end as of
the date of the request. It will end then even if the Insured is not living when
we file the request. Any beneficiary's interest is subject to the rights of any
assignee of whom we know.

When a beneficiary is designated, any relationship shown is to the Insured,
unless otherwise stated. To show priority, we may use numbered classes, so that
the class with first priority is called class 1, the class with next priority is
called class 2, and so on. When we use numbered classes, these statements apply
to beneficiaries unless the form states otherwise:

1. One who survives the Insured will have the right to be paid only if no one in
a prior class survives the Insured.

2. One who has the right to be paid will be the only one paid if no one else in
the same class survives the Insured.

3. Two or more in the same class who have the right to be paid will be paid in
equal shares.

4. If none survives the Insured, we will pay in one sum to the Insured's estate.

Example: Suppose the class 1 beneficiary is Jane and the class 2 beneficiaries
are Paul and John. We owe Jane the proceeds if she is living at the Insured's
death. We owe Paul and John the proceeds if they are living then but Jane is
not. But if only one of them is living, we owe him the proceeds. If none of them
is living we owe the Insured's estate.

Beneficiaries who do not have a right to be paid under these terms may still
have a right to be paid under the Automatic Mode of Settlement.

Before we make a payment, we have the right to decide what proof we need of the
identity, age or any other facts about any persons designated as beneficiaries.
If beneficiaries are not designated by name and we make payment(s) based on
that proof, we will not have to make the payment(s) again.

PAID-UP CONTRACT

This contract will become fully paid-up if and when whichever of the following
situations is applicable occurs:

(a) For a contract issued at an age lower than 15, the contract fund has grown
to an amount at least equal to the net single premium for the ultimate face
amount (see page 3 and 8,) plus the present value, discounted at a rate we set
from time to time but no less than 4% a year, of all future charges for any
extra benefits which will continue under the paid-up contract.

(b) For a contract issued at age 15 or above, the contract fund has grown to an
amount at least equal to the net single premium for the face amount, (see page 3
and 6,) plus the present value, discounted at a rate we set from time to time
but no less than 4% a year, of all future charges for any extra benefits which
will continue under the paid-up contract.

We will notify you when we determine that the contract has become fully paid-up.
We have the right at that time to return any part of any payment then being made
which is in excess of the amount billed or required to make the contract
paid-up. And we have the right to accept no further premium payments, or to
limit the amount or frequency of premium payments thereafter. The contract will
continue as paid-up life insurance on the Insured's life.

The death benefit under the paid-up contract may change daily, as we explain
below, but if there is no contract debt, it will not be less than the minimum
guaranteed death benefit determined on the day the contract becomes paid-up.
That amount will be no less than the face amount shown on page 3, (or, if the
contract was issued below age 15, the ultimate face amount.) It will be computed
by using the contract fund on that day, less the present value of all future
charges for any extra benefits, (computed as described above,) at the net single
premium rate. The net single premium rate depends on the Insured's issue age end
sex and on the length of time since the contract date. The amount payable in
event of death thereafter will be the guaranteed death benefit, or if greater,
the contract fund, divided by the net single premium at the Insured's attained
age on the date of death. In either case the amount will be adjusted for any
contract debt and for the amount of any paid-up extra benefits.

The monthly charge described on page 12 and shown on page 3A and any charges
for extra benefits will not be made after the contract becomes paid-up.

Page 9 (VALA--84) - N

SEPARATE ACCOUNT

THE ACCOUNT.--The word account, where we use it in this contract without
qualification, means the Pruco Life Variable Appreciable Account. This is a unit
investment trust registered with the SEC under the Investment Company Act of
1940. It is also subject to the laws of New Jersey. We own the assets of the
account; we keep them separate from the assets of our general investment
account. We established the account to support variable life insurance
contracts. But we do not use it to support this contract if the contract is
being continued under extended term insurance. (See page 13.)

SUBACCOUNTS.--The account has several subaccounts. We list them on the Contract
Data page(s). You determine, using percentages. how invested premium amounts
will be allocated among the subaccounts. You may choose to allocate nothing to a
particular subaccount. But any allocation you make must be at least 10%; you may
not choose a fractional percent.

Example: You may choose a percentage of 0, or 100, or 10, 11, 12, and so on, up
to 90. But you may not choose a percentage of 1 through 9, or 91 through 99, or
any percent that is not a whole number. The total for all subaccounts must be
100%.

The allocation of invested premium amounts (see page 11) that took effect on the
contract date is shown in the Contract Data pages. You may change the allocation
for future invested premium amounts at any time if the contract is not in
default. To do so, you must notify us in writing in a form that meets our needs.
The change will take effect on the date we receive your notice at our Service
Office.

A premium might be paid when the investment amount is less than zero. In that
case, when we receive that premium, we first use as much of the invested premium
amount as we need to eliminate the deficit in the investment amount. We will
then allocate any remainder of the invested premium amount in accord with your
most recent request. (We describe investment amount on page 11.)

THE FUND.--The word fund, where we use it in this contract without
qualification, means the fund we identify in the Contract Data pages. The fund
is registered with the SEC under the Investment Company Act of 1940 as an
open-end diversified management investment company. The fund has several
portfolios; there is a portfolio that corresponds to each of the subaccounts of
the account. We list these portfolios in the Contract Data pages.

ACCOUNT INVESTMENTS.--We use the assets of the account to buy shares in the
fund. Each subaccount is invested in a corresponding specific portfolio. Income
and realized and unrealized gains and losses from assets in each subaccount are
credited to, or charged against, the subaccount. This is without regard to
income, gains, or losses in our other investment accounts.

We will determine the value of the assets in the account at the end of each
business day. When we use the term business day, we mean a day when the New York
Stock Exchange is open for trading. We might need to know the value of an asset
on a day that is not a business day or on which trading in that asset does not
take place. In this case, we will use the value of that asset as of the end of
the last prior business day on which trading took place.

Example: If we need to know the value of an asset on a Sunday, we will normally
use the value of the asset as of the end of business on Friday.

We will always keep assets in the account with a total value at least equal to
the amount of the investment amounts under contracts like this one. To the
extent those assets do not exceed this amount, we use them only to support those
contracts; we do not use those assets to support any other business we conduct.
We may use any excess over this amount in any way we choose.

CHANGE IN INVESTMENT POLICY.--A portfolio of the fund might make a material
change in its investment policy. In that case, we will send you a notice of the
change. Within 60 days after you receive the notice, or within 60 days after the
effective date of the change, if later, you may exchange this contract for a new
contract of fixed benefit insurance on the Insured's life. The conditions for
exchange, and the specifications for the new contract, are described under
Exchange of Contract on page 16.

CHANGE OF FUND.--A portfolio might, in our judgment, become unsuitable for
investment by a subaccount. This might happen because of a change in investment
policy, or a change in the laws or regulations, or because the shares are no
longer available for investment, or for some other reason. If that occurs, we
have the right to substitute another portfolio of the fund, or to invest in a
fund other than the one we show on the Contract Data page(s). But we would first
seek approval from the SEC and, where required, the insurance regulator where
this contract is delivered.

Page 10 (VALA--84) - N

INVESTMENT AMOUNT AND RETURN ON INVESTMENT

INVESTMENT AMOUNT.--The investment amount for this contract is the amount we use
to compute the investment return. The amount is allocated among the subaccounts.
The amount of the investment amount and its allocation to subaccounts depend on
(1) how you choose to allocate net premiums; (2) whether or not you transfer
amounts among subaccounts, as we discuss below; (3) the investment performance
of the subaccounts to which amounts are allocated or transferred; (4) the amount
and timing of premium payments you make; (5) whether or not you take any loan;
and (6) whether or not you make any partial withdrawals. The investment amount
exists only if the contract is not in default past the days of grace or if it is
being continued as variable reduced paid-up insurance.

The investment amount at any time is equal to the contract fund, (we explain
this under Contract Fund,) minus the amount of any loan on the contract, minus
interest accrued on the loan at 4% a year since the last Monthly Date (we
explain this under Loans.)

ASSUMED RATE OF RETURN.--The assumed rate of return is an effective rate of 4% a
year. This is the same as .01074598% a day compounded daily.

TRANSFERS AMONG SUBACCOUNTS.--You may transfer amounts among subaccounts as
often as four times in a contract year, if the contract is not in default or if
the contract is being continued under the variable reduced paid up option. To do
so, you must notify us in writing in a form that meets our needs. The transfer
will take effect on the date we receive your notice at our Service Office.

CONTRACT FUND

CONTRACT FUND DEFINED.--On the contract date the contract fund is equal to the
invested premium amounts received, (see below), minus any of the charges
described in items (d) through (j) below which may have been due on that date.
On any day after that the contract fund is equal to what it was on the previous
day, plus any invested premium amounts received, plus these items:

(a) any increase due to investment results in the value of the
subaccounts to which that portion of the contract fund that is in the
investment amount is allocated; (we explain investment amount above);
and

(b) guaranteed interest at 4% a year on that portion of the contract fund
that is not in the investment amount;

Minus these items:

(c) any decrease due to investment results in the value of the subaccounts
to which that portion of the contract fund that is in the
investment amount is allocated;

(d) a charge against the investment amount at a rate of not more than
.00163894% a day (.60% a year) for mortality and expense risks that we
assume;

(e) any amount charged against the investment amount for Federal or State
income taxes;

(f) a monthly charge to guarantee the minimum death benefit;

(g) a charge for the cost of expected mortality;

(h) any charges for extra rating class;

(i) any charges for extra benefits;

(j) a monthly administration charge;

(k) any partial withdrawals; and

(l) if the contract becomes paid-up on that day, the present value of any
future charges for any extra benefits that will continue under the
paid-up contract.

We describe under Reinstatement on page 7 what the contract fund will be equal
to on any reinstatement date.

INVESTED PREMIUM AMOUNT.--This is the portion of each premium paid that we will
add to the contract fund. It is equal to the premium paid, minus $2.00, minus
7-1/2% of the rest of the premium. We explain this under Schedule of Expense
Charges from Premium Payments.

GUARANTEED INTEREST CREDITS.--We will credit interest to the contract fund each
day on any portion of the contract fund on that day which is not in the
investment amount. That portion will be any contract loan plus interest accrued
on the loan at the rate of 4% a year since the last Monthly Date. (See Loans.)
We will credit .01074598% a day which is an effective rate of 4% a year.

COST OF EXPECTED MORTALITY.--This charge is computed daily and deducted monthly
from the contract fund, on each Monthly Date. We apply this charge to the
coverage amount. The coverage amount is equal to what the Basic Amount (see page
21) would be if there were no extra benefits, minus the contract fund. Where
required, we have given the insurance regulator a detailed description of the
method we use.

We will not charge more than the maximum guaranteed rates, which are based on
the Insured's sex and attained age and the mortality table described under the
Basis of Computation. We may charge less. At least every five years, but not
more often than once a year, we will consider the need to change the charges. We
will change them only if we do so for all contracts like this one dated in the
same year as this one.

CHARGE FOR EXTRA RATING CLASS.--If there is an extra charge because of the
rating class of the Insured or because the Insured is a cigarette smoker, we
will deduct

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Page 11 (VALA--84)

CONTRACT FUND (Continued)

it from the contract fund at the beginning of each contract month. Any charge is
included in the amount shown in the Contract Data pages under Schedule of
Mdnthly Deductions from Contract Fund.

CHARGE FOR EXTRA BENEFITS.--If the contract has extra benefits, we will deduct
the charges for such benefits from the contract fund at the beginning of each
contract month. Charges for any such extra benefits are included in the amount
shown in the Contract Data pages under Schedule of Monthly Deductions from
Contract Fund.

If and when we determine that the contract has become paid-up, we will deduct
from the contract fund the present value of any future charges for any extra
benefits that will continue under the paid-up contract. We will make no further
deductions for these benefits after that. The description of any such benefit
(which can be found following page 20) describes how the future cash value, if
any, of that benefit will be determined.

MONTHLY ADMINISTRATION CHARGE AND MORTALITY RISK CHARGE.--On each monthly date,
we will deduct up to $2.50, plus up to 2 cents per $1000 of face amount, from
the contract fund, as a monthly administration charge. We will also deduct 1
cent per $1000 of face amount for guaranteeing the death benefit regardless of
the investment performance of the separate account. (Both of these references to
charges based upon face amount are to initial face amount for contracts issued
below age 15. The total charges do not increase when the face amount increases
at attained age 21.) These charges will be made only while the contract is on a
premium paying basis; they will not be made if the contract becomes paid-up or
is continued as variable reduced paid-up or extended term insurance, (see
Contract Value Options). We show the amount of these charges in the Contract
Data pages under Schedule of Monthly Deductions from Contract Fund.

PARTIAL WITHDRAWALS.--You may be able to make partial withdrawals from the
contract. All these conditions must be met:

1. The contract must have passed its first contract anniversary.

2. You must ask for the change in writing and in a form that meets our needs.

3. The amount withdrawn, plus the net cash value after withdrawal, may not be
more than the net cash value before withdrawal.

4. The cash value after withdrawal must not be less than the tabular cash value
for the new face amount.

5. The amount you withdraw must be at least $2,000.

6. The face amount must not decrease below the minimum shown on page 3.

7. You must send the contract to us to be endorsed.

We will add a withdrawal fee of $15 to the amount you ask to withdraw.

We will decrease the face amount by the amount of the withdrawal. We will
compute a new tabular contract fund, a new tabular contract value, and new
minimum premiums based on the reduced face amount. These new minimum premiums
will be used thereafter for the computation of the premium account.

An amount withdrawn may not be repaid, except as an unscheduled premium subject
to charges.

We will tell you how much you may withdraw if you ask us.

Page 12 (VALA--84)

CONTRACT VALUE OPTIONS

BENEFIT AFTER THE GRACE PERIOD.--If the contract is in default beyond its days
of grace, we will use any net cash value (which we describe under Cash Value
Option) to keep the contract in force as one of two kinds of insurance. One kind
is extended insurance. The second kind is variable reduced paid-up insurance. We
describe each below. You will find under Automatic Benefit which kind it will
be. Any extra benefit(s) will end as soon as the contract is in default past its
days of grace, unless the form that describes the extra benefit states
otherwise.

EXTENDED INSURANCE.--This will be term insurance of a fixed amount on the
Insured's life. We will pay the amount of term insurance if the Insured dies in
the term we describe below. Before the end of the term there will be cash values
but no loan value.

The amount of term insurance will be the death benefit on the day of default,
minus any part of that death benefit which was provided by extra benefits. The
term is a period of time that will start on the day the contract went into
default. The length of the term will be what is provided when we use the net
cash value at the net single premium rate. This rate depends on the Insured's
issue age and sex and on the length of time since the contract date.

There may be extra days of term insurance. This will occur if, on the day the
contract goes into default, the term of extended insurance provided by the net
cash value does not exceed 90 days, or the number of days the contract was in
force before the default began, if less. The number of extra days will be (1)
90, or the number of days the contract was in force before the default began, if
less, minus (2) the number of days of extended insurance that would be provided
by the net cash value if there were no contract debt. The extra days, if any,
start on the day after the last day of term insurance provided by the net cash
value, if any. If there is no such term insurance, the extra days start on the
day the contract goes into default. The term insurance for the extra days has no
cash value. There will be no extra days if you replace the extended insurance
with variable reduced paid-up insurance or you surrender the contract before the
extra days start.

VARIABLE REDUCED PAID-UP INSURANCE.--This will be paid-up variable life
insurance on the insured's life. The death benefit may change from day to day,
as we explain below, but if there is no contract debt, it will not be less than
a minimum guaranteed amount determined as of the day when the contract went into
default. There will be cash values and loan values.

The minimum guaranteed amount of insurance will be computed by using the net
cash value at the net single premium rate. The net single premium rate depends
on the Insured's issue age and sex and on the length of time since the contract
date. The amount payable in event of death thereafter will be the greater of (a)
the minimum guaranteed amount and (b) the contract fund divided by the net
single premium at the Insured's attained age. In either case the amount will be
adjusted for any contract debt.

Except when it is provided as the automatic benefit, (see below), the variable
reduced paid-up insurance option will be available only when the guaranteed
death benefit under the option will be $5000 or more.

COMPUTATIONS.--We will make all computations for either of these benefits as of
the date the contract goes into default. But we will consider any loan you take
out or pay back or any premium payments or partial withdrawals you make in the
days of grace.

AUTOMATIC BENEFIT.--When the contract is in default, it will stay in force as
extended insurance. But it will stay in force as variable reduced paid-up
insurance if either of these statements applies: (1) We issued the contract in
a rating class for which we do not provide extended insurance; in this case the
phrase No Extended Insurance is in the Rating Class on page 3. (2) The amount of
reduced paid-up insurance would be at least as great as the amount of term
insurance.

OPTIONAL BENEFIT.--You may choose to replace any fixed extended insurance that
has a net cash value by variable reduced paid-up insurance. To make this choice,
you must do so in writing to us in a form that meets our needs, not more than
three months after the date the contract goes into default. You must also send
the contract to us to be endorsed.

CASH VALUE OPTION.--You may surrender this contract for its net cash value. The
net cash value at any time is the cash value at that time, less any contract
debt. To surrender this contract, you must ask us in writing in a form that
meets our needs. You must also send the contract to us. Here is how we will
compute the cash value for surrender of the contract or for its continuation
under extended insurance or variable reduced paid-up insurance.

1. If the contract is not in default: the cash value on surrender at any time in
the first ten contract years is the

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Page 13 (VALA--84)

CONTRACT VALUE OPTIONS (Continued)

contract fund, minus a surrender charge, consisting of a deferred sales charge
and a deferred underwriting and issue charge. The cash value on surrender at the
end of the 10th contract year or later is the contract fund.

A schedule of maximum surrender charges for this contract is on page 3A.

In no event will the deferred sales charge upon surrender be greater than 25%
of scheduled premiums due in contract year 1, plus .5% of the scheduled premiums
due in contract years 2 through 5. For the purpose of computing this limit we
use the lesser of premiums due and premiums paid.

For a paid-up contract that includes extra benefits, the cash value is the
amount described above, plus the cash value, if any, of the extra benefits. (See
the description of any such extra benefits following page 20.)

2. If the contract is in default during its days of grace: We will compute the
net cash value as of the date the contract went into default. But we will adjust
this value for any loan you take out or pay back or any premium payments or
partial withdrawals you make in the days of grace.

3. If the contract is in default beyond its days of grace: The net cash value as
of any date will be the value on that date of any extended insurance benefit
then in force. Or it will be the value on that date of any variable reduced
paid-up insurance benefit then in force, less any contract debt.

Within 30 days of a contract anniversary, the net cash value of any extended
insurance will not be less than the value on that anniversary.

If the contract is not in default past the days of grace, or if the contract is
in force as variable reduced paid up insurance, we will usually pay any cash
value within 7 days after we receive your request and the contract at our
Service Office. But we have the right to defer payment if (1) the New York Stock
Exchange is closed; or (2) the SEC requires that trading be restricted or
declares an emergency; or (3) the SEC lets us defer payments to protect our
contract owners.

If the contract is in force as extended insurance we have the right to postpone
paying a cash value for up to six months. If we do so for more than 30 days, we
will pay interest at the rate of 3% a year.

TABULAR VALUES.--In the table on page 4 we show tabular contract fund and
tabular cash values at the end of contract years. The tabular contract fund
values are the amount which will then be in the contract fund, (see page 11,) if
all scheduled premiums have been paid on their due dates, there have been no
unscheduled premiums paid, there is no contract debt, the subaccounts you have
chosen cam exactly the assumed rate of return, and we have deducted the maximum
mortality charges. The tabular cash values are the amounts which, under the same
conditions, will then be used to provide extended insurance or variable reduced
paid-up insurance or will be paid in cash, if the maximum surrender charges are
applied. The tabular cash value shown is equal to the tabular contract fund
value as of the same date after deducting any surrender charges (at the maximum
rate) from the tabular contract fund value. (See Cash Value Option above.) Since
surrender charges are not deducted after the end of the 10th contract year, the
tabular cash values are the same as the tabular contract fund values thereafter.

If we need to compute tabular values at some time during a contract year, we
will count the time since the start of the year. We will let you know the
tabular values for other durations if you ask for them.

Page 14 (VALA--84)

LOANS

LOAN REQUIREMENTS.--After the first anniversary, you may borrow from us on the
contract. All these conditions must be met:

1. The Insured is living.

2. The contract is in force other than as extended insurance.

3. The contract debt will not be more than the loan value. (We explain these
terms below.)

4. As sole security for the loan, you assign the contract to us in a form that
meets our needs.

5. Except when used to pay premiums on this contract, the amount you borrow at
any one time must be at least $500.

If there is already contract debt when you borrow from us, we will add the new
amount you borrow to that debt.

CONTRACT DEBT.--Contract debt at any time means the loan on the contract, plus
the interest we have charged that is not yet due and that we have not yet added
to the loan.

LOAN VALUE.--You may borrow any amount up to the difference between the loan
value and any existing contract debt. At any time the loan value is 90% of the
net cash value.

There is one exception. If the contract is in default, the loan value during the
days of grace is whai it was on the date of default.

Example 1: Suppose the contract has a loan value of $6,000. About eight months
ago you borrowed $1,500. By now there is interest of $55 charged but not yet
due. The contract debt is now $1,555, which is made up of the $1,500 loan and
the $55 interest.

Example 2: Suppose, in example 1, you want to borrow all that you can. We will
lend you $4,445 which is the difference between the $6,000 loan value and the
$1,555 contract debt. This will increase the contract debt to $6,000. We will
add the new amount borrowed to the existing loan and will charge interest on it,
too.

INTEREST CHARGE.--We will charge interest daily on any loan at the effective
rate of 5 1/2% a year. Interest is due on each contract anniversary, or when the
loan is paid back if that comes first. If interest is not paid when due, it will
become part of the loan. Then we will start to charge interest on it. too.

Example 3: Suppose the contract date is in 1987. Six months before the
anniversary in 1996 you borrow $1,600 out of a $4,000 loan value. We charge
5 1/2% a year. Three months later, but still three months before the
anniversary, we will have charged about $22 interest. This amount will be a few
cents more or less than $22 since some months have more days than others. The
interest will not be due until the anniversary unless the loan is paid back
sooner. The loan will still be $1,600. The contract debt will be $1,622, since
contract debt includes interest charged but not yet due.

On the anniversary in 1996 we will have charged about $44 interest. The interest
will then be due.

Example 4: Suppose the $44 interest in example 3 was paid on the anniversary.
The loan and contract debt each became $1,600 right after the payment.

Example 5: Suppose the $44 interest in example 3 was not paid on the
anniversary. The interest became part of the loan, and we began to charge
interest on it, too. The loan and contract debt each became $1,644.

REPAYMENT.--All or part of any contract debt may be paid back at any time while
the Insured is living. When we settle the contract, any contract debt is due us.
If there is contract debt at the end of the last day of grace when the contract
is in default, it will be deducted from the cash value to determine the net cash
value. We will make this adjustment so that the proceeds will not include the
amount of that debt.

EFFECT OF A LOAN.--When you take a loan, the amount of the loan continues to be
a part of the contract fund and is credited with interest at the guaranteed rate
of 4% a year. However, we will reduce the investment amount by the amount you
borrow, and by loan interest that becomes part of the loan because it is not
paid when due. On each Monthly Date, if there is a contract loan outstanding, we
will increase the investment amount by interest credits accrued on the loan at
4% a year since the last Monthly Date. When you repay part or all of a loan we
will increase the investment amount by the amount of loan you repay, plus, if
you repay all the loan, interest credits accrued on the loan at 4% a year since
the last Monthly Date. We will not increase the investment amount by loan
interest that is paid before we make it part of the loan.

We will allocate loans and repayments among the subaccounts in proportion to the
investment amount in each subaccount as of the date of the loan or repayment.
Only the amount of the investment amount will reflect the
investment results of the subaccounts. Since the amount you borrow is removed
from the investment amount, a loan may have a permanent effect on the net cash
value of this contract, and also, for a contract which is paid-up or which is in
force under the variable reduced paid-up option, on any death benefit in excess
of the guaranteed death benefit. The longer the loan is outstanding, the greater
this effect is likely to be.

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Page 15 (VALA--84)

LOANS (Continued)

Example 6: Suppose the contract's investment amount is $15,000 and that $10,000
is in subaccount A and $5,000 is in subaccount B. If you make a $9,000 loan we
will reduce the amount in subaccount A by $6,000 and the amount in subaccount B
by $3,000.

Suppose that sometime later, when the investment amount in each of the two
subaccounts is the same you choose to repay the $9,000 loan. We will add $4,500
to the amount in each subaccount.

EXCESS CONTRACT DEBT.--If contract debt ever becomes equal to or more than the
cash value, all the contract's benefits will end 61 days after we mail a notice
to you and any assignee of whom we know. Also, we may send a notice to the
Insured's last known address. In the notice we will state the amount that, if
paid to us, will keep the contract's benefits from ending for a limited time.

POSTPONEMENT OF LOAN.--We will usually make a loan within 7 days after we
receive your request at our Service Office. But we have the right to defer
making the loan if (1) the New York Stock Exchange is closed: or (2) the SEC
requires that trading be restricted or declares an emergency: or (3) the SEC
lets us defer payments to protect our contract owners.

EXCHANGE OF CONTRACT

RIGHT TO EXCHANGE.--Before the second anniversary you may exchange this contract
for a new contract of fixed benefit insurance on the Insured's life. You will
not have to prove to us that the Insured is insurable. Also, you may make such
an exchange at any time if there is a material change in the investment policy
of a portfolio (see Change in Investment Policy on page 10). When we use the
term new contract we mean the contract for which this contract may be exchanged.

CONDITIONS.--Your right to make this exchange is subject to all these
conditions: (1) You must ask for the exchange in writing in a form that meets
our needs. (2) You must surrender the contract to us. (3) We must have your
request and the contract at our Service Office while the contract is in force
and not in default past its days of grace. (4) You must pay back any contract
debt under this contract, to the extent it may exceed the loan value of the new
contract. (5) You must pay any other charges required for the exchange.

EXCHANGE DATE.--The exchange date will be the later of: (1) the date we receive
the contract and your request at our Service Office: and (2) the date we receive
the payment. if any, required for the exchange. The new contract will take
effect on the exchange date only if the Insured is then living. If the new
contract takes effect, this contract will end just before the exchange date.

CONTRACT SPECIFICATIONS.--The new contract will be on the Modified Premium Whole
Life plan. It will have a face amount equal to the face amount of this one. It
will have the same contract date and issue age as this contract and be in the
same rating class.

If for any reason, we are not issuing the Modified Premium Whole Life Contract
on the exchange dates, then the new contract will be another life plan that we
would regularly issue on that date for the same rating class, amount, issue age
and sex.

This contract might include an extra benefit which is still in effect just
before the exchange date. And a similar kind of benefit might have been
regularly offered in contracts like the new one on the date the extra benefit
took effect in this contract. In that case. if you ask for it in your request
for the exchange, that similar kind of benefit will be put in the new contract.
When we use the phrase contracts like the new one, we mean contracts that were,
on the contract date of this contract, regularly issued on the same plan as the
new one and for the same rating class, amount, issue age and sex.

The amount of any accidental death benefit included in the new contract in
accord with this provision will be the same as the amount of any accidental
death benefit in this contract.

If a benefit for waiving scheduled premiums is included in the new contract in
accord with this provision, any scheduled premiums to be waived under the new
contract for a disability that began before the exchange date must be at the
billing frequency that applied to this contract when the disability started. But
premiums will not be waived under the new contract unless it has a benefit for
waiving premiums in the event of disability. This will be so even if we have
waived premiums under this contract.

A charge may be made on exchange in the following situation: If, on the date of
exchange, the contract fund of this contract is less than the tabular contract
fund, a charge will be made for the difference in the two amounts. If the
contract fund of this contract is equal to or greater than the tabular contract
fund, no charge will be made. In these cases, the contract fund of the new
contract will be equal to that of this contract.

EXCHANGE AT OTHER TLMES.--You may be able to exchange this contract for a fixed
benefit Modified Premium Whole Life contract at a time other than those
described under Right to Exchange above. But any such exchange may be made only
if we consent, and will be subject to conditions and charges which we then
determine.

Page 16 (VALA--84)

SETTLEMENT OPTIONS

PAYEE DEFINED.--In these provisions and under the Automatic Mode of Settlement,
the word Payee means a person who has a right to receive a settlement under the
contract. Such a person may be the Insured, the owner, a beneficiary, or a
contingent payee.

CHOOSING AN OPTION.--While the Insured is living you may choose, or change the
choice of, an option for all or part of the proceeds that may arise from the
Insured's death. The requirements are the same as those to designate or change a
beneficiary. We describe them under Beneficiary.

A payee may choose an option for all or part of any proceeds or residue that
becomes payable to him or her in one sum. We describe residue later on this
page.

In some cases, you or another Payee will need our consent to choose an option.
We describe these cases under conditions.

OPTIONS DESCRIBED.--Here are the options we offer. We may also consent to other
arrangements.

OPTION 1 (INSTALMENTS FOR A FIXED PERIOD).--We will make equal payments for up
to 25 years based on the Option 1 Table. The payments will include interest at
an effective rate of 3 1/2% a year. We may credit more interest. If and while we
do so, the payments will be larger.

OPTION 2 (LIFE INCOME).--We will make equal monthly payments for as long as the
person on whose life the settlement is based lives, with payments certain for
the period chosen. The choices are either ten years (10-Year Certain) or until
the sum of the payments equals the amount put under this option (Instalment
Refund). The amount of each payment will be based on the Option 2 Table and on
the sex and age, on the due date of the first payment, of the person on whose
life the settlement is based. But if a choice is made more than two years after
the Insured's death, we may use the Option 2 payment rates in individual annuity
contracts or life insurance contracts we regularly issue, based on United States
currency, on the due date of the first payment. On request, we will quote the
payment rates in contracts we then issue. We must have proof of the date of
birth of the person on whose life the settlement is based. If on the due date of
the first payment under this option, we have declared a higher payment rate
under the option, we will base the payments on that higher rate.

OPTION 3 (INTEREST PAYMENT).--We will hold an amount at interest. We will pay
interest at an effective rate of at least 3% a year ($30.00 annually, $14.89
semi-annually, $7.42 quarterly or $2.47 monthly per $1,000). We may pay more
interest.

OPTION 4 (INSTALMENTS OF A FIXED AMOUNT).--We will make equal annual,
semi-annual, quarterly or monthly payments if they total at least $90 a year for
each $1,000 put under this option. We will credit the unpaid balance with
interest at an effective rate of at least 3 1/2% a year. We may credit more
interest. If we do so, the balance will be larger. The final payment will be any
balance equal to or less than one payment.

FIRST PAYMENT DUE DATE.--Unless a different date is stated when the option is
chosen: (1) the first payment for Option 3 will be due at the end of the chosen
payment interval; and (2) the first payment for any of the other options will be
due on the date the option takes effect.

RESIDUE DESCRIBED.--For Options 1 and 2, residue on any date means the then
present value of any unpaid payments certain. We will compute it at an effective
interest rate of 3 1/2% a year. But we will use the interest rate we used to
compute the actual Option 2 payments if they were not based on the table in this
contract.

For Options 3 and 4, residue on any date means any unpaid balance with interest
to that date.

For Option 2, residue does not include the value of any payment that may become
due after the certain period.

(Continued on Page 191

Page 17 (VALA--84)

SETTLEMENT OPTIONS (Continued)

OPTION 1 TABLE
----------------------------
MINIMUM AMOUNT OF
MONTHLY PAYMENT FOR
EACH $1,000, THE FIRST
PAYABLE IMMEDIATELY
----------------------------
Number of Monthly
Years Payment
----------------------------
1 $84.65
2 43.05
3 29.19
4 22.27
5 18.12

6 15.35
7 13.38
8 11.90
9 10.75
10 9.83

11 9.09
12 8.46
13 7.94
14 7.49
15 7.10

16 6.76
17 6.47
18 6.20
19 5.97
20 5.75

21 5.56
22 5.39
23 5.24
24 5.09
25 4.96
----------------------------
Multiply the monthly amount
by 2.989 for quarterly,
5.952 for semi-annual or
11.804 for annual.
----------------------------
OPTION 2 TABLE
- -------------------------------------------------------------------------------------
MINIMUM AMOUNT OF MONTHLY PAYMENT FOR EACH $1,000, THE FIRST PAYABLE IMMEDIATELY
- -------------------------------------------------------------------------------------
KIND OF LIFE INCOME KIND OF LIFE INCOME
----------------------------- -----------------------------
10-Year Instalment 10-Year Instalment
AGE Certain Refund AGE Certain Refund
LAST ----------------------------- LAST -----------------------------
BIRTHDAY Male Female Male Female BIRTHDAY Male Female Male Female
- -------------------------------------------------------------------------------------
10 $3.18 $3.11 $3.17 $3.10 45 $4.06 $3.82 $3.99 $3.78
and under 46 4.12 3.86 4.03 3.81
11 3.19 3.12 3.18 3.11 47 4.17 3.90 4.08 3.85
12 3.20 3.13 3.19 3.12 48 4.23 3.94 4.13 3.90
13 3.21 3.14 3.20 3.13 49 4.28 3.99 4.18 3.94
14 3.22 3.15 3.21 3.14
50 4.35 4.04 4.24 3.98
15 3.24 3.16 3.23 3.15 51 4.41 4.09 4.29 4.03
16 3.25 3.17 3.24 3.16 52 4.48 4.15 4.35 4.08
17 3.27 3.19 3.25 3.18 53 4.55 4.21 4.41 4.13
18 3.28 3.20 3.27 3.19 54 4.62 4.27 4.48 4.19
19 3.30 3.21 3.28 3.20
55 4.70 4.33 4.55 4.24
20 3.31 3.22 3.30 3.21 56 4.78 4.40 4.62 4.30
21 3.33 3.24 3.32 3.23 57 4.86 4.47 4.69 4.37
22 3.35 3.25 3.33 3.24 58 4.95 4.54 4.77 4.43
23 3.36 3.26 3.35 3.25 59 5.05 4.62 4.86 4.50
24 3.38 3.28 3.37 3.27
60 5.15 4.71 4.94 4.58
25 3.40 3.30 3.39 3.29 61 5.25 4.79 5.03 4.66
26 3.42 3.31 3.41 3.30 62 5.36 4.89 5.13 4.74
27 3.45 3.33 3.43 3.32 63 5.48 4.98 5.23 4.82
28 3.47 3.35 3.45 3.34 64 5.60 5.09 5.34 4.92
29 3.49 3.37 3.47 3.35
65 5.73 5.20 5.45 5.01
30 3.52 3.39 3.49 3.37 66 5.87 5.31 5.57 5.11
31 3.54 3.41 3.52 3.39 67 6.01 5.43 5.70 5.22
32 3.57 3.43 3.54 3.41 68 6.15 5.56 5.83 5.34
33 3.60 3.45 3.57 3.44 69 6.30 5.70 5.97 5.46
34 3.63 3.47 3.60 3.46
70 6.46 5.84 6.11 5.58
35 3.66 3.50 3.63 3.48 71 6.62 5.99 6.27 5.72
36 3.69 3.52 3.66 3.50 72 6.79 6.15 6.43 5.86
37 3.72 3.55 3.69 3.53 73 6.96 6.31 6.60 6.01
38 3.76 3.58 3.72 3.56 74 7.13 6.49 6.78 6.18
39 3.80 3.61 3.75 3.58
75 7.30 6.67 6.97 6.35
40 3.84 3.64 3.79 3.61 76 7.48 6.85 7.17 6.53
41 3.88 3.67 3.82 3.64 77 7.66 7.04 7.38 6.72
42 3.92 3.70 3.86 3.67 78 7.83 7.24 7.60 6.93
43 3.97 3.74 3.90 3.71 79 8.00 7.44 7.83 7.15
44 4.01 3.78 3.94 3.74
80 8.17 7.64 8.07 7.38
and over
- -------------------------------------------------------------------------------------

(Continued on Next Page)
Page 18 (VALA--84)

SETTLEMENT OPTIONS (Continued)

WITHDRAWAL OF RESIDUE.--Unless otherwise stated when the option is chosen: (1
under Options 1 and 2 the residue may be withdrawn; and (2) under Options 3 and
4 all, or any part not less than $100, of the residue may be withdrawn. If an
Option 3 residue is reduced to less than $1,000, we have the right to pay it in
one sum. Under Option 2, withdrawal of the residue will not affect any payments
that may become due after the certain period; the value of those payments cannot
be withdrawn. Instead, the payments will start again if they were based on the
life of a person who lives past the certain period.

DESIGNATING CONTINGENT PAYEE(S).--A Payee under an option has the right, unless
otherwise stated, to name or change a contingent payee to receive any residue at
that Payee's death. This may be done only if (1) the Payee has the full right to
withdraw the residue; or (2) the residue would otherwise have been payable to
that Payee's estate at death.

A Payee who has this right may choose, or change the choice of, an option for
all or part of the residue. In some cases, the Payee will need our consent to
choose or change an option. We describe these cases under Conditions.

Any request to exercise any of these rights must be in writing and in a form
that meets our needs. It will take effect only when we file it at our Service
Office. Then the interest of anyone who is being removed will end as of the
date of the request, even if the Payee who made the request is not living when
we file it.

CHANGING OPTIONS.--A Payee under Option 1, 3 or 4 may choose another option for
any sum that the Payee oould withdraw on the date the chosen option is to start.
That date may be before the date the Payee makes the choice only if we consent.
In some cases, the Payee will need our consent to choose or change an option. We
describe these cases next.

CONDITIONS.--Under any of these conditions, our consent is needed for an option
to be used for any person:

1. The person is not a natural person who will be paid in his or her own right.

2. The person will be paid as assignee.

3. The amount to be held for the person under Option 3 is less than $1,000. But
we will hold any amount for at least one year in accord with the Automatic Mode
of Settlement.

4. Each payment to the person under the option would be less than $20.

5. The option is for residue arising other than at (a) the Insured's death, or
(b) the death of the beneficiary who was entitled to be paid as of the date of
the Insured's death.

6. The option is for proceeds that arise other than from the Insured's death,
and we are settling with an owner or any other person who is not the Insured.

DEATH OF PAYEE.--If a Payee under an option dies and if no other distribution is
shown, we will pay any residue under that option in one sum to the Payee's
estate.
ENDORSEMENTS
(Only we can endorse this contract.)

Page 19 (VALA--84)

AUTOMATIC MODE OF SETTLEMENT

APPLICABILITY.--These provisions apply to proceeds arising from the Insured's
death and payable in one sum to a Payee who is a beneficiary. They do not apply
to any periodic payment.

INTEREST ON PROCEEDS.--We will hold the proceeds at interest under Option 3 of
the Settlement Options provision. The Payee may withdraw the residue. We will
pay it promptly on request. We will pay interest annually unless we agree to pay
it more often. We have the right to pay the residue in one sum after one year if
(1) the Payee is not a natural person who will be paid in his or her own right;
(2) the Payee will be paid as assignee; or (3) the original amount we hold under
Option 3 for the Payee is less than $1,000.

SETTLEMENT AT PAYEE'S DEATH.--If the Payee dies and leaves an Option 3 residue,
we will honor any contingent payee provision then in effect. If there is none,
here is what we will do. We will look to the beneficiary designation of the
contract; we will see what other beneficiary(ies), if any, would have been
entitled to the portion of the proceeds that produced the Option 3 residue if
the Insured had not died until immediately after the Payee died. Then we will
pay the residue in one sum to such other beneficiary(ies), in accord with that
designation. But if, as stated in that designation, payment would be due the
estate of someone else, we will instead pay the estate of the Payee.

Example: Suppose the class 1 beneficiary is Jane and the class 2 beneficiaries
are Paul and John. Jane was living when the Insured died. Jane later died
without having chosen an option or naming someone other than Paul and John as
contingent payee. If Paul and John are living at Jane's death we owe them the
residue. If only one of them is living then, and if the contract called for
payment to the survivor of them, we owe him the residue. If neither of them is
living then, we owe Jane's estate.

SPENDTHRIFT AND CREDITOR.--A beneficiary or contingent payee may not, at or
after the Insured's death, assign, transfer, or encumber any benefit payable. To
the extent allowed by law, the benefits will not be sublect to the claims of any
creditor of any beneficiary or contingent payee.

ENDORSEMENTS
(Only we can endorse this contract.)

Page 20 (VALA--84)

BASIS OF COMPUTATION

MORTALITY TABLES DESCRIBED.--Except as we state in the next paragraph, (1) we
base all net premiums and net values to which we refer in this contract on the
Insured's issue age and sex and on the length of time since the contract date;
(2) we use the Commissioners 1980 Standard Ordinary Mortality Table; and (3) we
use continuous functions based on age last birthday.

For extended insurance, we base net premiums and net values on the Commissioners
1980 Extended Term Insurance Table.

INTEREST RATE.--For all net premiums and net values to which we refer in this
contract we use an effective rate of 4% a year.

EXCLUSIONS.--When we compute net values we exclude the value of any
Supplementary Benefits and any other extra benefits added by rider to this
contract.

VALUES AFTER 20 CONTRACT YEARS.--Tabular values after the 2Oth contract year
will be the net level premium reserves, taking into account the increase in
scheduled premium amount on the Contract Change Date. To compute them, we will
use the mortality tables and interest rate we describe above. There will be the
same exclusions.

MINIMUM LEGAL VALUES.--The cash, loan and other values in this contract are at
least as large as those set by law where it is delivered. Where required, we
have given the insurance regulator a detailed statement of how we compute values
and benefits.

Pruco Life Insurance Company of New Jersey,

By
/s/ SPECIMEN
Secretary

PLIY 45--84

CONTRACT SUMMARY (Continued from Page 2)

-
------------------------------------------------------------------------------------------------------------------------------------
TABLE OF BASIC AMOUNT'S
-
------------------------------------------------------------------------------------------------------------------------------------
When the proceeds arise from the Insured's death:
-
------------------------------------------------------------------------------------------------------------------------------------
And The Contract Is In Force: Then The Basic Amount Is: And We Adjust The
Basic Amount For:
-
------------------------------------------------------------------------------------------------------------------------------------
on a premium paying basis and not in the face amount (see page 3), or the contract debt (see
page 15), plus any
default past its days of grace paid-up value if greater, plus the charges due in the
days of grace (see
amount of any extra benefits* page 8).
-
------------------------------------------------------------------------------------------------------------------------------------
as a fully paid-up contract the amount of paid-up insurance (see contract debt.
page 9), plus the amount of any paid-up
extra benefits
-
------------------------------------------------------------------------------------------------------------------------------------
as variable reduced paid-up insurance the amount of variable raduced paid-up contract debt.
(see page 13) insurance (see page 13)
-
------------------------------------------------------------------------------------------------------------------------------------
as extended insurance (see page 13) The amount of term insurance, if the
nothing.
Insured dies in the term (see page
13); otherwise zero
-
------------------------------------------------------------------------------------------------------------------------------------

* But see Death Proceeds on page 6 for the determination of Basic Amount under
certain conditions which may arise when death occurs before attained age 21,
under a contract issued below age 15.

This Table is a part of the Contract Summary and of the Contract.

Page 21 (VALA--84) - N

GUIDE TO CONTENTS

Page

Contract Summary ......................................... 2
Table of Basic Amounts ................................ 21

Contract Data ............................................ 3
Rating Class: List of Contract Minimums;
List of Supplementary Benefits, if any;
Schedule of Premiums; Schedule of Expense
Charges from Premium Payments; Schedule
of Monthly Deductions from Contract Fund;
Schedule of Maximum Surrender Charges;
List of Subaccounts and Portfolios; Service
Office

Tabular Contract Fund and Tabular
Cash Values ........................................... 4

General Provisions ....................................... 5
Definitions; The Contract; Contract
Modifications; Non-participating;
Service Office; Ownership and Control;
Suicide Exclusion; Currency; Misstatement
of Age or Sex; Incontestability; Assignment;
Annual Report; Increase in Face Amount at Age
21 for Contracts Issued at Age 14 or Lower;
Death Proceeds; Payment of Death Claim

Premium Payment and Reinstatement ........................ 7
Payment of Premiums; Scheduled Premiums;
Unscheduled Premiums; Premium Change on
Contract Change Date; Default; Grace Period;
Premium Account; Reinstatement

Beneficiary .............................................. 9

Paid-Up Contract ......................................... 9

Separate Account ......................................... 10
The Account; Subaccounts; The Fund;
Account Investments; Change in Investment
Policy; Change of Fund

Investment Amount and Return on Investment ............... 11
Investment Amount; Assumed Rate of Return;
Transfers Among Subaccounts

Page

Contract Fund ............................................ 11
Contract Fund Defined; Invested Premium
Amount; Guaranteed Interest Credits,
Cost of Expected Mortality; Charge for
Extra Rating Class; Charge for
Extra Benefits; Monthly Administration Charge
and Mortality Risk Charge; Partial Withdrawals

Contract Value Options ................................... 13
Benefit After the Grace Period; Extended
Insurance; Variable Reduced Paid-up
Insurance; Computations; Automatic
Benefit; Optional Benefit; Cash Value
Option; Tabular Values

Loans .................................................... 15
Loan Requirements; Contract Debt; Loan
Value; Interest Charge; Repayment; Effect
of a Loan; Excess Contract Debt; Postponement
of Loan

Exchange of Contract ..................................... 16
Right to Exchange; Conditions;
Exchange Date; Contract Specifications;
Exchange at Other Times

Settlement Options ....................................... 17
Payee Defined; Choosing an Option;
Options Described; First Payment
Due Date; Residue Described; Income
Tables; Withdrawal of Residue;
Designating Contingent Payee(s);
Changing Options; Conditions;
Death of Payee

Automatic Mode of Settlement ............................. 20
Applicability; Interest on Proceeds;
Settlement at Payee's Death;
Spendthrift and Creditor

Basis of Computation ..................................... 21
Mortality Tables Described; Interest Rate;
Exclusions; Values after 20 Contract Years;
Minimum Legal Values

Any Supplementary Benefits and a copy of the
application follow page 20.

Page 22

VALA--84 - N

Exhibit 26(d)(i)(b)

PRUCO LIFE INSURANCE COMPANY OF NEW JERSEY
Newark, New Jersey
A Stock Company Subsidiary of The Prudential Insurance Company of America

================================================================================

Insured Policy Number
Contract Date
Face Amount
Contract
Premium Period Change Date
Agency

================================================================================

We will pay the beneficiary the proceeds of this contract promptly if we receive
due proof that the insured died. We make this promise subject to all the
provisions of the contract.

The Death Benefit may increase or decrease daily, depending on the payment of
premiums, the investment experience of the separate account and the level of
mortality changes made. But it will not be less than the face amount we show
above, plus the amount of any extra benefit, if the contract is not in default
and if there is no contract debt.

We specify a schedule of premiums. Additional unscheduled premiums may be paid
at your option subject to the limitations in the contract.

RIGHT TO CANCEL CONTRACT.--You may return this contract to us within (1) 10
days after you get it, or (2) 45 days after Part 1 of the application was
signed, or (3) 10 days after we mail or deliver to you any withdrawal right
notice required by the Securities and Exchange Commission, whichever is latest.
All you have to do is take the contract or mail it to one of our offices or to
the representative who sold it to you. It will be canceled from the start and we
will promptly give you the value of our Contract Fund on the date you return the
contract to us. We will also give back any charges we made in accord with this
contract.

Signed for Pruco Life Insurance Company of New Jersey,
a New Jersey Corporation

/s/ [SPECIMEN] /s/ [SPECIMEN]
Secretary President

MODIFIED PREMIUM VARIABLE LIFE INSURANCE POLICY WITH VARIABLE INSURANCE AMOUNT.
INSURANCE PAYABLE ONLY UPON DEATH. SCHEDULED PREMIUMS PAYABLE THROUGHOUT
INSURED'S LIFETIME. PROVISION FOR OPTIONAL ADDITIONAL PREMIUMS. BENEFITS REFLECT
PREMIUM PAYMENTS, INVESTMENT RESULTS AND MORTALITY CHARGES. GUARANTEED MINIMUM
DEATH BENEFIT IF SCHEDULED PREMIUMS DULY PAID AND NO CONTRACT DEBT. INCREASE IN
FACE AMOUNT AT ATTAINED AGE 21 IF CONTRACT ISSUED AT AGE 14 OR LOWER.
NON-PARTICIPATING.

VALB--84 - N

CONTRACT SUMMARY

We offer this summary to help you understand this contract. We do not intend
that it change any of the provisions of the contract.

This is a contract of life insurance. Premiums are to be paid throughout the
Insured's lifetime. We specify a schedule of premiums that will keep the
contract in force. Additional premiums may be paid at your option, subject to
limits in the contract. The death benefit and the cash value will vary with the
payment of premiums, the investment performance of those subaccounts of the
Pruco Life Variable Appreciable Account that you select, and the extent to which
mortality charges are less than the guaranteed maximums. But the death benefit
is guaranteed never to be less than the face amount if the contract is not in
default past its days of grace, and there is no contract debt. (We describe on
page 8 the way the contract can go into default.) If the contract remains in
default past its days of grace, the contract may end or it may stay in force
with reduced benefits. If either occurs, you may be able to reinstate its full
benefits. On the date, if any, when we determine that the contract has become
fully paid-up, we will recompute the guaranteed death benefit. It may be higher;
it will not be lower. We describe on page 9 how the contract may become paid-up.

Proceeds is a word we use to mean the amount we would pay if we were to settle
the contract in one sum. To compute the proceeds that may arise from the
Insured's death, we start with a basic amount. We may adjust that amount if
there is a loan or if the contract is in default. The table on page 21 tells
what the basic amount is. The amount depends on how the contract is in force.
The table will refer you to the parts of the contract that tell you how we
adjust the basic amount. If you surrender the contract, the proceeds will be the
net cash value. We describe it under Cash Value Option on pages 13 and 14.

You and we may agree on a change in the ownership of this contract. Also, unless
we endorse it to say otherwise, the contract gives you these rights, among
others:

o You may change the beneficiary under it.

o You may borrow on it up to its loan value.

o You may surrender it for its net cash value.

o You may change the allocation of future net premiums among the subaccounts.

o You may transfer amounts among subaccounts.

The contract, as issued, may or may not have extra benefits that we call
Supplementary Benefits. If it does, we list them under Supplementary Benefits on
the Contract Data page(s) and describe them after page 21. The contract may or
may not have other extra benefits. If it does, we add them by rider. Any extra
benefit ends as soon as the contract is in default past its days of grace,
unless the form that describes it states otherwise.

(Contract Summary Continued on Page 21)

Page 2 (VALB--84)

CONTRACT DATA

INSURED'S SEX AND ISSUE AGE M-35
RATING CLASS NONSMOKER

INSURED JOHN DOE XX XXX XXX POLICY NUMBER
July 1, 1984 CONTRACT DATE
FACE AMOUNT $50,000--
CONTRACT
PREMIUM PERIOD LIFE JUL 1, 2014 CHANGE DATE
AGENCY R-NK 1

BENEFICIARY CLASS 1 MARY DOE, WIFE
CLASS 2 ROBERT DOE, SON

LIST OF CONTRACT MINIMUMS

THE MINIMUM FACE AMOUNT IS $50,000
THE MINIMUM UNSCHEDULED PREMIUM IS $25.

LIST OF SUPPLEMENTARY BENEFITS
*****NONE*****

SCHEDULE OF PREMIUMS

PLANNED PAYMENT DATES OF SCHEDULED PREMIUMS OCCUR ON THE CONTRACT DATE AND
AT INTERVALS OF 12 MONTHS AFTER THAT DATE.

SCHEDULED PREMIUMS ARE $XXX.XX EACH
CHANGING JUL 1, 2014 TO $XXX.XX EACH THEREAFTER

*****END OF SCHEDULE*****

*****NOTICE*****

CONTRACT DATA CONTINUED ON NEXT PAGE

Page 3(84)

POLICY NO. XX XXX XXX

CONTRACT DATA CONTINUED

SCHEDULE OF EXPENSE CHARGES FROM PREMIUM PAYMENTS

FROM EACH PREMIUM PAID WE DEDUCT A PER-PAYMENT PROCESSING CHARGE OF $2.00.

*****END OF SCHEDULE*****

SCHEDULE OF MONTHLY DEDUCTIONS FROM CONTRACT FUND

THE MONTHLY ADMINISTRATION CHARGE IS $3.50. THE MONTHLY CHARGE TO GUARANTEE THE
MINIMUM DEATH BENEFIT IS $0.50

*****END OF SCHEDULE*****

SCHEDULE OF MAXIMUM SURRENDER CHARGES

YEAR OF DEFERRED DEFERRED UNDERWRITING
SURRENDER SALES CHARGE AND ISSUE CHARGE TOTAL
- --------- ------------ ---------------- -----

1 $XXX.XX $XXX.XX $XXX.XX
2 XXX.XX XXX.XX XXX.XX
3 XXX.XX XXX.XX XXX.XX
4 XXX.XX XXX.XX XXX.XX
5 XXX.XX XXX.XX XXX.XX
6 XXX.XX XXX.XX XXX.XX
7 XXX.XX XXX.XX XXX.XX
8 XXX.XX XXX.XX XXX.XX
9 XXX.XX XXX.XX XXX.XX
10 ZERO ZERO ZERO
11 AND LATER ZERO ZERO ZERO

*****END OF SCHEDULE*****

CONTRACT DATA CONTINUED ON NEXT PAGE

Page 3A(84)

POLICY NO. XX XXX XXX

CONTRACT DATA CONTINUED

LIST OF SUBACCOUNTS AND PORTFOLIOS

EACH SUBACCOUNT OF THE PRUCO LIFE VARIABLE APPRECIABLE ACCOUNT INVESTS IN A
SPECIFIC PORTFOLIO OF THE PRUCO LIFE SERIES FUND. WE SHOW BELOW THE SUBACCOUNTS
AND THE FUND PORTFOLIOS THEY INVEST IN.

FUND
SUBACCOUNT PORTFOLIO
- ---------- ---------
MONEY MARKET MONEY MARKET
BOND BOND
COMMON STOCK COMMON STOCK
AGGRESSIVELY MANAGED FLEXIBLE AGGRESSIVELY MANAGED FLEXIBLE
CONSERVATIVELY MANAGED FLEXIBLE CONSERVATIVELY MANAGED FLEXIBLE

INITIAL ALLOCATION OF NET PREMIUMS

MONEY MARKET SUBACCOUNT 20%
BOND SUBACCOUNT 20%
COMMON STOCK SUBACCOUNT 20%
AGGRESSIVELY MANAGED FLEXIBLE SUBACCOUNT 20%
CONSERVATIVELY MANAGED FLEXIBLE SUBACCOUNT 20%

*****END OF LIST*****

SERVICE OFFICE -- PLEASE DIRECT ANY COMMUNICATIONS ABOUT THIS
CONTRACT TO:

PRUCO LIFE INSURANCE COMPANY OF NEW JERSEY
P.O. BOX XXXX
CITY, STATE XXXXX

Page 3B(84)

POLICY NO. XX XXX XXX

TABULAR VALUES

WE EXPLAIN THIS TABLE UNDER CONTRACT FUND AND TABULAR VALUES. ACTUAL CONTRACT
FUND VALUES AND CASH VALUES MAY BE MORE OR LESS THAN AMOUNT SHOWN (SEE CONTRACT
FUND AND CASH VALUE OPTION.)

END OF TABULAR TABULAR
CONTRACT CONTRACT CASH
YEAR FUND VALUE
- -------- -------- -------
1
2
3
4
5

6
7
8
9
10

11
12
12
13
14
15

16
17
18
19
20

ATTAINED
AGE
- --------
60
62
65

TABULAR CASH VALUES AFTER THE 10TH CONTRACT YEAR WILL BE THE SAME AS THE TABULAR
CONTRACT FUND VALUES SHOWN ABOVE.

Page 4 (84)

ENDORSEMENTS
(Only we can endorse this contract.)

GENERAL PROVISIONS

Definitions.--We define here some of the words and phrases used all through this
contract. We explain others, not defined here, in other parts of the text.

We, Our, Us and Company.--Pruco Life Insurance Company, a New Jersey
Corporation.

You and Your.--The owner of the Contract.

Insured.--The person named as the Insured on the first page. He or she need not
be the owner.

Example: Suppose we issue a contract on the life of your spouse. You applied for
it and named no one else as owner. Your spouse is the Insured and you are the
owner.

SEC.--The Securities and Exchange Commission.

Issue Date.--The contract date.

Monthly Date.--The contract date and the same day as the contract date in each
later month.

Example: If the contract date is March 9, 1986, the Monthly Dates are each March
9, April 9, May 9 and so on.

Anniversary or Contract Anniversary.--The same day and month as the contract
date in each later year.

Example: If the contract date is March 9, 1986, the first anniversary is March
9, 1987. The second is March 9, 1988, and so on.

Contract year.--A year that starts on the contract date or on an anniversary.

Example: If the contract date is March 9, 1986, the first contract year starts
then and ends on March 9, 1987. The second starts on March 9, 1987 and ends on
March 8, 1988, and so on.

Contract Month.--A month that starts on a Monthly Date.

Example: If March 9, 1986 is a Monthly Date, a contract month starts then and
ends on April 8, 1986. The next contract month starts on April 9, 1986 and ends
on May 8, 1986, and so on.

Attained Age.--The Insured's attained age at any time is the issue age plus the
length of time since the contract date. You will find the issue age near the top
of page 3.

The Contract.--This policy and the application, a copy of which is attached,
form the whole contract. We assume that all statements in the application were
made to the best of the knowledge and belief of the person(s) who made them; in
the absence of fraud they are deemed to be representations and not warranties.
We relied on those statements when we issued the contract. We will not use any
statement, unless made in the application, to try to void the contract or to
deny a claim.

Contract Modifications.--Only a Company officer may agree to modify this
contract, and then only in writing.

Non-participating.--This contract will not share in our profits or surplus
earnings. We will pay no dividends on it.

Service Office.--This is the office that will service this contract. Its mailing
address is the one we show on the Contract Data pages, unless we notify you of
another one.

Ownership and Control.--Unless we endorse this contract to say otherwise: (1)
the owner of the contract is the Insured; and (2) while the Insured is living
the owner alone is entitled to (a) any contract benefit and value, and (b) the
exercise of any right and privilege granted by the contract or by us.

Suicide Exclusion. --If the Insured, whether sane or insane, dies by suicide
within two years from the issue date, we will pay no more under this contract
than the sum of the premiums paid.

Currency.--Any money we pay, or that is paid to us, must be in United States
currency. Any amount we owe will be payable at our Service Office.

(Continued on Next Page)

page 5 (VALB--84) - N

GENERAL PROVISIONS (Continued)

Misstatement of Age or Sex.--If the Insured's stated age or sex or both are not
correct, we will adjust each benefit and any amount to be paid to reflect the
correct age and sex. Where required, we have given the insurance regulator a
detailed statement of how we will make these changes.

The Schedule of Premiums may show that scheduled premiums change or stop on a
certain date. We may have used that date because the Insured would attain a
certain age on that date. If we find that the issue age was wrong, we will
correct that date.

Incontestability.--Except for default, we will not contest this contract after
it has been in force during the Insured's lifetime for two years from the issue
date.

Assignment.--We will not be deemed to know of an assignment unless we receive
it, or a copy of it, at our Service Office. We are not obliged to see that an
assignment is valid or sufficient.

Annual Report.--Each year we will send you a report. It will show: (1) the
current death benefit; (2) the investment amount; (3) the amount of investment
amount in each subaccount; (4) the net cash value; (5) premiums paid and monthly
charges deducted since the last report; (6) any partial withdrawals since the
last report; and (7) any contract debt and the interest on the debt for the
prior year. The report will also include any other data that may be currently
required where this contract is delivered. No report will be sent if this
contract is being continued under extended term insurance.

You may ask for a similar report at some other time during the year. Or you may
request from time to time a report projecting results under your contract on the
basis of premium payment assumptions and assumed investment results. We have the
right to make a reasonable charge for reports such as these that you ask for,
and to limit the scope and frequency of such reports.

Increase in Face Amount at Age 21 for Contracts Issued at Age 14 or Lower.--If
this contract was issued at age 14 or lower, it shows on page 3 an increase in
face amount at attained age 21, which applies if the contract is not then in
default beyond its days of grace. If so, any references in the contract to face
amount or death benefit which apply at or after attained age 21 will be based
upon the increased face amount, unless otherwise stated.

Death Proceeds.--The Table of Basic Amounts on page 21 describes how the
proceeds payable at death will be determined, depending on the status of the
contract at the time of death. In addition to what is shown in that table, a
special situation will apply in those cases where all of these conditions exist:
(a) the contract was issued at an age below 15; (b) death occurs before attained
age 21; (c) the contract is on a premium paying basis and not in default past
its days of grace; (d) the contract fund is not sufficient to make the contract
paid up for the ultimate face amount plus the excess of the contract fund over
the tabular contract fund; (e) the contract fund is greater than the sum of (i)
the net single premium for the initial face amount, (ii) the net single premium
for the excess of the contract fund over the tabular contract fund, and (iii)
the present value, discounted at a rate we set from time to time but no less
than 4% a year, of all future charges for extra benefits other than those which
do not continue after a contract such as this becomes paid up. (See above and
paid-up Contract, page 9.)

In these cases, the Basic Amount will not be as described on page 21 but will be
the total of (1) the initial face amount, plus (2) the excess of the contract
fund over the tabular contract fund, plus (3) the amount which results from
dividing the contract fund, minus the present value of the future charges for
extra benefits referred to above, minus the net single premium for the sum of
the initial face amount and the excess of the contract fund over the tabular
contract fund, by the net single premium at the then attained age, plus (4) the
amount of any extra benefits.

Payment of Death Claim.--If we settle this contract in one sum as a death claim,
we will usually pay the proceeds within 7 days after we receive at our Service
Office proof of death and any other information we need to pay the claim. But we
have the right to defer paying any portion of the proceeds greater than the
minimum guaranteed death benefit if (1) the New York Stock Exchange is closed;
or (2) the SEC requires that trading be restricted or declares an emergency; or
(3) the SEC lets us defer payment to protect our contract owners.

Page 6 (VALB--84)

PREMIUM PAYMENT AND REINSTATEMENT

Payment of Premiums.--Premiums may be paid at our Service Office or to any of
our authorized representatives. If we are asked to do so, we will give a signed
receipt.

Premium payments will in most cases be credited as of the date of receipt, to
both the contract fund and the premium account. (See Contract Fund, page 11 and
Premium Account, page 8.) Premium credits to the contract fund are the invested
premium amounts, (see page 11). Premium credits to the premium account are the
full premium paid with no deductions. But in the following cases, to the extent
states premium payments will be credited as of a date other than the date of
receipt:

2. If a premium payment is received during the 61 day period after the day when
a scheduled premium was due and had not yet been paid, here is what we will do.
We will determine whether the premium account, (see Premium Account below), just
before receipt of that payment was a negative amount. If not--that is, if the
premium account was zero or higher--the premium payment will be credited as of
the date of receipt. But if the premium account was negative by no more than the
scheduled premium on the due date, that portion of the premium payment required
to bring the premium account up to zero will be credited to the premium account
as of the due date; any remaining portion of the premium payment will be
credited to the premium account as of the date of receipt. If the premium
account is negative by more than the scheduled premium than due, the premium
payment will be credited as of the date of receipt, except in the situation
described in 3 below.

3. On each Monthly Date we will determine if the contract fund is in default.
(See Default on page 8.) We will notify you on the minimum payment amount needed
to bring the contract out of default. If one or more premium payments are made
during the days of grace after that monthly date, (see Grace period on page 8,)
we will credit to the contract fund and the premium account, as of the
applicable Monthly Dates, such parts of the payments as are needed to end the
default status; any remaining part of those premium payments will be credited to
the contract fund and premium account as of the date of receipt.

If you wish to pay, on a regular basis, higher premiums than the amount of the
scheduled premium, we will bill you for the higher amount you choose.

Unscheduled Premiums.--Except as we state in the next paragraph, unscheduled
premiums may be paid at any time during the Insured's lifetime, as long as the
contract is not in default beyond its days of grace. We show on page 3 the
minimum premium we will accept. We have the right to limit unscheduled premiums
to a total of $10,000 in any contract year.

If we determine at any time that investment returns above the rate assumed, or
smaller than maximum mortality charges or greater than scheduled premium
payments have made the contract paid-up, we have the right not to accept any
further premium payments, or to limit the amount or frequency of premium
payments thereafter. (See Paid-up Contract, page 9.)

Premium Change on Contract Change Date.--We show the Contract Change Date, in
the Contract Data on page 3. We also show in the Schedule of Premiums on page 3
that the amount of each scheduled premium will change on the Contract Change
Date and what the new premium will be. However, when the Contract Change Date
arrives we will recompute a new premium amount to be used in calculating the
premium account. The new premium that we recompute will be no greater than the
new premium for that date which we show on page 3. In addition, if the premium
account is less than zero, we will set the premium account to zero.

(Continued on Next Page)

Page 7 (VALB--84)

PREMIUM PAYMENT AND REINSTATEMENT (Continued)

Default.--Unless the contract is already in the grace period, (see below), on
each monthly date, after we deduct any charges from the contract fund (which we
describe on page 11) and add any credits to it, we will determine whether the
contract is in default. To do so we will compute the amount which will accrue to
the tabular contract fund on the next monthly date if, during the current
contract month; (1) investment returns are at the assumed rate; and (2) we make
the other charges and credit we have set, including interest on contract debt;
and (3) we receive no premiums or loan repayments and make no more loans or
grant no partial withdrawals. We will subtract this amount from the contract
fund. If the result is zero or more, (that is, not a negative amount,) the
contract is not in default. But if there is a fund deficit--that is, if the
result is less than zero--the contract is in default if the premium account,
which we define below, is also less than zero.

Grace Period.--We grant 61 days of grace from any monthly date (other than the
contract date) on which the contract goes into default. During the days of grace
we will continue to accept premiums and make the charges we have set. If the
monthly date was a scheduled premium due date, when we receive a premium payment
during the days of grace we will first determine whether it satisfies case 2
under Payment of Premiums above. If it does, the default will end. If it does
not, or if the monthly date when the contract went into default was not a
scheduled premium due date, here is what we will do:

If the contract is still in default when the days of grace are over, it will end
and have no value, except as we state under contract Value Options, (which we
describe on page 13).

Premium Account.--On the contract date, the premium account is equal to the
premium received on that date minus the scheduled premium then due. On any other
day, the premium account is equal to:

1. what it was on the prior day; plus

2. if the premium account was greater than zero on the prior day, interest on
the excess at 4% year, minus

3. if the premium account was less than zero on the prior day, interest on the
deficit at 4% a year; plus

4. any premium received on that day; minus

5. any scheduled premium due on that day; minus

6. any partial withdrawals on that day.

The contract might be in default, as described above. If so, the premium account
is a negative amount, less than zero. If a premium payment is received on any
day during the days of grace while the contract is in default and the premium
account is negative by no more than one scheduled premium, that payment, to the
extent that it is required to bring the premium account up to zero, will, as we
describe under Payment of Premiums above, be credited to the premium account as
of the monthly date when the scheduled premium, was due, whether the date of
default or a subsequent monthly date. Any remaining portion of the premium
payment will be credited as of the actual date of receipt. In this case the
premium account for all days from the monthly date to the actual date of receipt
will be recalculated.

Reinstatement.--If this contract ends as we describe under Grace Period, you may
reinstate it, if all these conditions are met:

1. No more than three years must have elapsed since the date of default.

2. You must mot have surrendered the contract for its net cash value.

3. You must give us any facts we need to satisfy us that the insured is
insurable for the contract.

Page 8 (VALB--84)

BENEFICIARY

1. One who survives the Insured will have the right to be paid only if no one in
a prior class survives the Insured.

2. One who has the right to be paid will be the only one paid if no one else in
the same class survives the Insured.

3. Two or more in the same class who have the right to be paid will be paid in
equal shares.

4. If none survives the Insured, we will pay in one sum to the Insured's estate.

Beneficiaries who do not have a right to be paid under these terms may still
have a right to be paid under the Automatic Mode of Settlement.

Before we make a payment, we have the right to decide what proof we need of the
identity, age or any other facts about any persons designated as beneficiaries.
If beneficiaries are not designated by name and we make payment(s) based on that
proof, we will not have to make the payment(s) again.

PAID-UP CONTRACT

This contract will become fully paid-up if and when whichever of the following
situations is applicable occurs:

(a) For a contract issued at an age lower than 15, the contract fund has grown
to an amount at least equal to the net single premium for the sum of the
ultimate face amount and any excess of the contract fund over the tabular
contract fund, (see pages 3 and 4) plus the present value, discounted at a rate
we set from time to time but no less than 4% a year, of all future charges for
any extra benefits which will continue under the paid-up contract.

(b) For a contract issued at age 15 or above, the contract fund has grown to an
amount at least equal to the net single premium for the sum of the face amount
and any excess of the contract fund over the tabular contract fund, (see pages 3
and 4) plus the present value, discounted at a rate we set from time to time but
no less than 4% a year, of all future charges for any extra benefits which will
continue under the paid-up contract.

The death benefit under the paid-up contract may change daily, as we explain
below, but if there is no contract debt, it will never be less than the minimum
guaranteed death benefit determined on the day the contract becomes paid-up.
That amount will be no less than the sum of the face amount shown on page 3,
(or, if the contract was issued below age 15, the ultimate face amount,) and the
excess of the contract fund over the tabular contract fund on that day. It will
be computed by using the contract fund on that day, less the present value of
all future charges for any extra benefits, (computed as described above,) at the
net single premium rate. The net single premium rate depends on the Insured's
issue age and sex and on the length of time since the contract date. The amount
payable in event of death thereafter will be the guaranteed death benefit, or if
greater, the contract fund divided by the net single premium at the Insured's
attained age on the date of death. In either case the amount will be adjusted
for any contract debt and for the amount of any paid-up extra benefits.

The monthly charge described on page 12 and shown on page 3A, and any charges
for extra benefits will not be made after the contract becomes paid-up.

Page 9 (VALB--84) - N

SEPARATE ACCOUNT

The Account.--The word account, where we use it in this contract without
qualification, means the Pruco Life Variable Appreciable Account. This is a unit
investment trust registered with the SEC under the Investment Company Act of
1940. It is also subject to the laws of New Jersey. We own the assets of the
account; we keep them separate from the assets of our general investment
account. We established the account to support variable life insurance
contracts. But we do not use it to support this contract if the contract is
being continued under extended term insurance. (See page 13.)

Subaccounts.--The account has several subaccounts. We list them on the Contract
Data page(s). You determine, using percentages, how invested premium amounts
will be allocated among the subaccounts. You may choose to allocate nothing to a
particular subaccount. But any allocation you make must be at least 10%; you may
not choose a fractional percent.

The allocation of invested premium amounts (see page 11,) that took effect on
the contract date is shown in the Contract Data pages. You may change the
allocation for future invested premium amounts at any time if the contract is
not in default. To do so, you must notify us in writing in a form that meets our
needs. The change will take effect on the date we receive your notice at our
Service Office.

The Fund.--The word fund, where we use it in this contract without
qualification, means the fund we identify in the Contract Data pages. The fund
is registered with the SEC under the Investment Company Act of 1940 as an
open-end diversified management investment company. The fund has several
portfolios; there is a portfolio that corresponds to each of the subaccounts of
the account. We list these portfolios in the Contract Data pages.

Account Investments.--We use the assets of the account to buy shares in the
fund. Each subaccount is invested in a corresponding specific portfolio. Income
and realized and unrealized gains and losses from assets in each subaccount are
credited to, or charged against, the subaccount. This is without regard to
income, gains, or losses in our other investment accounts.

Example: If we need to know the value of an asset on a Sunday, we will normally
use the value of the asset as of the end of business on Friday.

Change in Investment Policy.--A portfolio of the fund might make a material
change in its investment policy. In that case, we will send you a notice of the
change. Within 60 days after you receive the notice, or within 60 days after the
effective date of the change, if later, you may exchange this contract for a new
contract of fixed benefit insurance on the Insured's life. The conditions for
exchange, and the specifications for the new contract, are described under
Exchange of Contract on page 16.

Change of Fund.--A portfolio might, in our judgment, become unsuitable for
investment by a subaccount. This might happen because of a change in investment
policy, or a change in the laws or regulations, or because the shares are no
longer available for investment, or for some other reason. If that occurs, we
have the right to substitute another portfolio of the fund, or to invest in a
fund other than the one we show on the Contract Data page(s). But we would first
seek approval from the SEC and, where required, the insurance regulator where
this contract is delivered.

Page 10 (VALB--84) - N

INVESTMENT AMOUNT AND RETURN ON INVESTMENT

Investment Amount.--The investment amount for this contract is the amount we use
to compute the investment return. The investment amount is allocated among the
subaccounts. The amount of the investment amount and its allocation to
subaccounts depend on (1) how you choose to allocate net premiums; (2) whether
or not to transfer amounts among subaccounts, as we discuss below; (3) the
investment performance of the subaccounts to which amounts are allocated or
transferred; (4) the amount and timing of premium payments you make; (5) whether
or not you take any loan; and (6) whether or not you make any partial
withdrawals. The investment amount exists only if the contract is not in default
past the days of grace or if it is being continued as variable reduced paid-up
insurance.

The investment amount at any time is equal to the contract fund, (we explain
this under Contract Fund,) minimum the amount of any loan on the contract, minus
interest accrued on the loan at 4% a year since the last Monthly Date (we
explain this under Loans.)

Assumed Rate of Return.--The assumed rate of return is an effective rate of 4% a
year. This is the same as .01074598% a day compounded daily.

Transfers Among Subaccounts.--You may transfer amounts among subaccounts as
often as four times in a contract year, if the contract is not in default or if
the contract is being continued under the variable reduced paid up option. To do
so, you must notify us in writing in a form that meets our needs. The transfer
will take effect on the date we receive your notice at our Service Office.

CONTRACT FUND

Contract Fund Defined.--On the contract date the contract fund is equal to the
invested premium amounts received, (see below), minus any of the charges
described in items (d) through (j) below which may have been due on that date.
On any day after that the contract fund is equal to what it was on the previous
day, plus any invested premium amount received that day, plus these items:

(a) any increase due to investment results in the value of the subaccounts
to which that portion of the contract fund that is in the investment
amount is allocated; (we explain investment amount above); and

(b) guaranteed interest at 4% a year on that portion of the contract fund
that is not in the investment amount;

and minus these items:

(c) any decrease due to investment results in the value of the subaccounts
to which that portion of the contract fund that is in the investment
amount is allocated;

(d) a charge against the investment amount at a rate of not more than
.00163894% a day (.60% a year) for mortality and expense risks that we
assume;

(e) any amount charged against the investment amount for Federal or State
income taxes;

(f) a monthly charge to guarantee the minimum death benefit;

(g) a charge for the cost of expected mortality;

(h) any charges for extra rating class;

(i) any charges for extra benefits;

(j) a monthly administration charge;

(k) any partial withdrawals; and

(l) if the contract becomes paid-up on that day, the present value of any
future charges for any extra benefits that will continue under the
paid-up contract.

We describe under Reinstatement on page 7 what the contract fund will be equal
to on any reinstatement date.

Invested Premium Amount.--This is the portion of each premium paid that we will
add to the contract fund. It is equal to the premium paid, minus $2, minus
7 1/2% of the rest of the premium. We explain this under Schedule of Expense
Charges from Premium Payments.

Guaranteed Interest Credits.--We will credit interest to the contract fund each
day on any portion of the contract fund on that day which is not in the
investment amount. That portion will be any contract loan plus interest accrued
on the loan at the rate of 4% a year since the last Monthly Date. (See Loans.)
We will credit .01074598% a day, which is an effective rate of 4% a year.

Cost of Expected Mortality.--This charge is computed daily and deducted monthly
from the contract fund, on each Monthly Date. We apply this charge to the
coverage amount. The coverage amount is equal to what the Basic Amount (see page
21) would be if there were no extra benefits, minus the contract fund. Where
required, we have given the insurance regulator a detailed description of the
method we use.

We will not charge more than the maximum guaranteed rates, which are based on
the Insured's sex and attained age and the mortality table described under the
Basis of Computation. We may charge less. At lease once every five years, but
not more often than once a year, we will consider the need to change the
charges. We will change them only if we do so for all contracts like this one
dated in the same year as this one.

(Continued on Next Page)

Page 11 (VALB--84)

CONTRACT FUND (Continued)

Charge for Extra Rating Class.--If there is an extra charge because of the
rating class of the Insured or because the Insured is a cigarette smoker, we
will deduct it from the contract fund at the beginning of each contract month.
Any charge is included in the amount shown in the Contract Data pages under
Schedule of Monthly Deductions from Contract Fund.

Charge for Extra Benefits.--If the contract has extra benefits, we will deduct
the charges for such benefits from the contract fund at the beginning of each
contract month. Charges for any such extra benefits are included in the amount
shown in the Contract Data pages under Schedule of Monthly Deductions from
Contract Fund.

Monthly Administration Charge and Mortality Risk Charge.--On each monthly date,
we will deduct up to $2.50 plus up to 2c per $1,000 of face amount, from the
contract fund, as a monthly administration charge. We will also deduct 1c per
$1,000 of face amount for guaranteeing the minimum death benefit regardless of
the investment performance of the separate account. (Both of these references to
charges based upon face amount are to initial face amount for contracts issued
below age 15. The total charges do not increase when the face amount increases
at attained age 21.) These charges will be made only while the contract is on a
premium paying basis; they will not be made if the contract becomes paid-up or
is continued as variable reduced paid-up or extended term insurance, (see
Contract Value Options). We show the amount of these charges in the Contract
Date pages under Schedule of Monthly Deductions from Contract Fund.

Partial Withdrawals.--If the cash value of this contract is more than the
tabular cash value, you may be able to make partial withdrawals from the
contract. All these conditions must be met.

(1) The amount withdrawn, plus the net cash value after withdrawal, may not be
more than the net cash value before withdrawal.

(2) The cash value after withdrawal must not be less than the tabular cash
value.

(3) The amount you withdraw must be at least $500.

(4) You may make no more than four withdrawals in a contract year. We will add a
withdrawal fee of $15 to the amount you ask to withdraw;

(5) An amount withdrawn may not be repaid, except as an unscheduled premium
subject to charges.

We will tell you how much you may withdraw if you ask us.

Page 12 (VALB--84)

CONTRACT VALUE OPTIONS

Benefit After the Grace Period.--If the contract is in default beyond its days
of grace, we will use any net cash value (which we describe under Cash Value
Option) to keep the contract in force as one of two kinds of insurance. One kind
is extended insurance. The second kind is variable reduced paid-up insurance. We
describe each below. You will find under Automatic Benefit which kind it will
be. Any extra benefit(s) will end as soon as the contract is in default past its
days of grace, unless the form that describes the extra benefit states
otherwise.

Extended Insurance.--This will be term insurance of a fixed amount on the
Insured's life. We will pay the amount of term insurance if the Insured dies in
the term we describe below. Before the end of the term there will be cash values
but no loan value.

The amount of term insurance will be the death benefit on the date of default,
minus any part of that death benefit which was provided by extra benefits. The
term is a period of time that will start on the day the contract went into
default. The length of the term will be what is provided when we use the net
cash value at the net single premium rate. This rate depends on the Insured's
issue age and sex and on the length of time since the contract date.

Variable Reduced Paid-up Insurance.--This will be paid-up variable life
insurance on the Insured's life. The death benefit may change from day to day,
as we explain below, but if there is no contract debt, it will not be less than
a minimum guaranteed amount determined as of the day when the contract went into
default. There will be cash values and loan values.

Computations.--We will make all computations for either of these benefits as of
the date the contract goes into default. But we will consider any loan you take
out or pay back or any premium payments or partial withdrawals you make in the
days of grace.

Automatic Benefit.--When the contract is in default, it will stay in force as
extended insurance. But it will stay in force as variable reduced paid-up
insurance if either of these statements applies: (1) We issued the contract in a
rating class for which we do not provide extended insurance; in this case the
phrase No Extended Insurance is in the Rating Class on page 3. (2) The amount of
reduced paid-up insurance would be at least as great as the amount of term
insurance.

Optional Benefit.--You may choose to replace any fixed extended insurance that
has a net cash value by variable reduced paid-up insurance. To make this choice,
you must do so in writing to us in a form that meets our needs, not more than
three months after the date the contract goes into default. You must also send
the contract to us to be endorsed.

Cash Value Option.--You may surrender this contract for its net cash value. The
net cash value at any time is the cash value at that time less any contract
debt. To surrender this contract, you must ask us in writing in a form that
meets our needs. You must also send the contract to us. Here is how we will
compute the case value for surrender of the contract or for its continuation
under extended insurance or variable reduced paid-up insurance:

1. If the contract is not in default: The cash value on surrender at any time in
the first ten contract years is the contract fund, minus a surrender charge,
consisting of a deferred sales charge and a deferred underwriting and issue
charge. The cash value on surrender at the end of the tenth contract year or
later is the contract fund.

A schedule of maximum surrender charges for this contract is on page 3A.

(Continued on Next Page.

Page 13 (VALB--84)

CONTRACT VALUE OPTIONS (Continued)

In no event will the deferred sales charge upon surrender be greater than 25% of
scheduled premiums due in contract year 1, plus 5% of the scheduled premiums due
in contract years 2 through 5. For the purpose of computing this limit we use
the lesser of premiums due and premiums paid.

2. If the contract is in default during the days of grace: We will compute the
net cash value as of the day the contract went into default. But we will adjust
this value for any loan you take out or pay back or any premium payments or
partial withdrawals you make in the days of grace.

Within 30 days of a contract anniversary, the net cash value of any extended
insurance will not be less than the value on that anniversary.

Tabular Values.--In the table on page 4 we show tabular contract fund and
tabular cash values at the end of the contract years. The tabular contract fund
values are the amount which will then be in the contract fund, (see page 11,) if
all scheduled premiums have been paid on their due dates, there have been no
unscheduled premiums paid, there is no contract debt, the subaccounts you have
chosen earn exactly the assumed rate of return, and we have deducted the maximum
mortality charges. The tabular cash values are the amounts which, under the same
conditions, will then be used to provide extended insurance or variable reduced
paid-up insurance or will be paid in cash if the maxim surrender charges are
applied. The tabular cash value shown is equal to the tabular contract fund
value as of the same date, after deducting any surrender charges (at the maximum
rate) from the tabular contract fund value. (See Cash Value Option above.) Since
surrender charges are not deducted after the end of the 10th contract year, the
tabular cash values are the same as the tabular contract fund values thereafter.

Page 14 (VALB--84)

LOANS

Loan Requirements.--After the first anniversary, you may borrow from us on the
contract. All these conditions must be met:

1. The Insured is living.

2. The contract is in force other than as extended insurance.

3. The contract debt will not be more than the loan value. (We explain these
terms below.)

4. As sole security for the loan, you assign the contract to us in a form that
meets our needs.

5. Except when used to pay premiums on this contract, the amount you borrow at
any one time must be at lease $500.

If there is already contract debt when you borrow from us, we will add the new
amount you borrow to that debt.

Contract Debt.--Contract debt at any time means the loan on the contract, plus
the interest we have charged that is not yet due and that we have not yet added
to the loan.

Loan Value.--You may borrow any amount up to the difference between the loan
value and any existing contract debt. At any time the loan value is 90% of the
net cash value.

There is one exception. If the contract is in default, the loan value during the
days of grace is what it was on the date of default.

Example 2: Suppose, in example 1, you want to borrow all that you can. We will
lend out $4,445 which is the difference between the $6,000 loan value and the
$1,555 contract debt. This will increase the contract debt to $6,000. We will
add the new amount borrowed to the existing loan and will charge interest on it,
too.

Interest Charge.--We will charge interest daily on any loan at the effective
rate of 5 1/2% a year. Interest is due on each contract anniversary, or when the
loan is paid back if that comes first. If interest is not paid when due, it will
become part of the loan. Then we will start to charge interest on it, too.

Example 3: Suppose the contract date is in 1987. Six months before the
anniversary in 1996 you borrow $1,600 out of a $4,000 loan value. We charge 5
1/2% a year. Three months later, but still three months before the anniversary,
we will have charged about $22 interest. This amount will be a few cents more or
less than $22 since some months have more days than others. The interest will
not be due until the anniversary unless the loan is paid back sooner. The loan
will still be $1,600. The contract debt will be $1,622, since contract debt
included interest charged but not yet due.

On the anniversary in 1996 we will have charged about $44 interest. The interest
will then be due.

Example 4: Suppose the $44 interest in example 3 was paid on the anniversary.
The loan and contract debt each became $1,600 right after the payment.

Repayment.--All or part of any contract debt may be paid back at any time while
the Insured is living. When we settle the contract, any contract debt is due us.
If there is contract debt at the end of the last day of grace when the contract
is in default, it will be deducted from the cash value to determine the net cash
value. We will make this adjustment so that the proceeds will not include the
amount of that debt.

Effect of a Loan.--When you take a loan, the amount of the loan continues to be
a part of the contract fund and is credited with interest at the guaranteed rate
of 4% a year. However, we will reduce the investment amount by the amount you
borrow, and by loan interest that becomes part of the loan because it is not
paid when due. On each Monthly Date, if there is a contract loan outstanding, we
will increase the investment amount by interest credits accrued on the loan at
4% a year since the last Monthly Date. When you repay part or all of a loan we
will increase the investment amount by the amount of loan you repay, plus, if
you repay all the loan, interest credits accrued on the loan at 4% a year since
the last Monthly Date. We will not increase the investment amount by loan
interest that is paid before we make it part of the loan.

We will allocate loans and repayments among the subaccounts in proportion to the
investment amount in each subaccount as of the date of the loan or repayment.
Only the amount of the investment amount will reflect the investment results of
the subaccounts. Since the amount you borrow is removed from the investment
amount, a loan may have a permanent effect on the net cash value of this
contract, and also for a contract which is paid-up or which is in force under
the variable reduced paid-up option, on any death benefit in excess of the
guaranteed death benefit. The longer the loan is outstanding, the greater this
effect is likely to be.

(Continued on Next Page)

Page 15 (VALA--84)

LOANS (Continued)

Suppose that sometime later, when the investment amount in each of the two
subaccounts is the same you choose to repay the $9,000 loan. We will add $4,500
to the amount in each subaccount.

Excess Contract Debt.--If contract debt ever becomes equal to or more than the
cash value, all the contract's benefits will end 61 days after we mail a notice
to you and any assignee of whom we know. Also, we may send a notice to the
Insured's last known address. In the notice we will state the amount that, if
paid to us, will keep the contract's benefits from ending for a limited time.

Postponement of Loan.--We will usually make a loan within 7 days after we
receive your request at our Service Office. But we have the right to defer
making the loan if (1) the New York Stock Exchange is closed; or (2) the SEC
requires that trading be restricted or declares an emergency; or (3) the SEC
lets us defer payments to protect our contract owners.

EXCHANGE OF CONTRACT

Right to Exchange.--Before the second anniversary you may exchange this contract
for a new contract of fixed benefit insurance on the Insured's life. You will
not have to prove to us that the Insured is insurable. Also, you may make such
an exchange at any time if there is a material change in the investment policy
of a portfolio (see Change in Investment Policy on page 10). When we use the
term new contract we mean the contract for which this contract may be exchanged.

Conditions.--Your right to make this exchange is subject to all these
conditions: (1) You must ask for the exchange in writing in a form that meets
our needs. (2) You must surrender the contract to us. (3) We must have your
request and the contract at our Service Office while the contract is in force
and not in default past its days of grace. (4) You must pay back any contract
debt under this contract, to the extent it may exceed the loan value of the new
contract. (5) You must pay any other charges required for the exchange.

Exchange Date.--The exchange date will be the later of: (1) the date we receive
the contract and our request at our Service Office; and (2) the date we receive
the payment, if any, required for the exchange. The new contract will take
effect on the exchange date only if the Insured is then living. If the new
contract takes effect, this contract will end just before the exchange date.

Contract Specifications.--The new contract will be on the Modified Premium Whole
Life plan. It will have a face amount equal to the face amount of this one. It
will have the same contract date and issue age as this contract and be in the
same rating class.

If, for any reason, we are not issuing the Modified Premium Whole Life Contract
on the exchange dates, then the new contract will be another life plan that we
would regularly issue on that date for the same rating class, amount, issue, age
and sex.

This contract might include an extra benefit which is still in effect just
before the exchange date. And a similar kind of benefit might have been
regularly offered in contracts like the new one on the date the extra benefit
took effect in this contract. In that case, if you ask for it in your request
for the exchange, that similar kind of benefit will be put in the new contract.
When we use the phrase contracts like the new one, we mean contracts that were,
on the contract date of this contract, regularly issued on the same plan as the
new one and for the same rating class, amount, issue age and sex.

The amount of any accidental death benefit included in the new contract in
accord with this provision will be the same as the amount of any accidental
death benefit in this contract.

Exchange at Other Times.--You may be able to exchange this contract for a fixed
benefit Modified Premium Whole Life contract at a time other than those
described under right to Exchange above. But any such exchange may be made only
if we consent, and will be subject to conditions and charges which we then
determine.

Page 16 (VALA--84)

SETTLEMENT OPTIONS

Payee Defined.--In these provisions and under the Automatic Mode of Settlement,
the word Payee means a person who has a right to receive a settlement under the
contract. Such a person may be the Insured, the owner, a beneficiary, or a
contingent payee.

Choosing an Option.--While the Insured is living you may choose, or change the
choice of, an option for all or part of the proceeds that may arise from the
Insured's death. The requirements are the same as those to designate or change a
beneficiary. We describe them under Beneficiary.

A payee may choose an option for all or part of any proceeds or residue that
becomes payable to him or her in one sum. We describe residue later on this
page.

In some cases, you or another Payee will need our consent to choose an option.
We describe these cases under conditions.

Options Described.--Here are the options we offer. We may also consent to other
arrangements.

Option 1 (Instalments for a Fixed Period).--We will make equal payments for up
to 25 years based on the Option 1 Table. The payments will include interest at
an effective rate of 3 1/2% a year. We may credit more interest. If and while we
do so, the payments will be larger.

Option 2 (Life Income).--We will make equal monthly payments for as long as the
person on whose life the settlement is based lives, with payments certain for
the period chosen. The choices are either ten years (10-Year Certain) or until
the sum of the payments equals the amount put under this option (Instalment
Refund). The amount of each payment will be based on the Option 2 Table and on
the sex and age, on the due date of the first payment, of the person on whose
life the settlement is based. But if a choice is made more than two years after
the Insured's death, we may use the Option 2 payment rates in individual annuity
contracts or life insurance contracts we regularly issue, based on United States
currency, on the due date of the first payment. On request, we will quote the
payment rates in contracts we then issue. We must have proof of the date of
birth of the person on whose life the settlement is based. If on the due date of
the first payment under this option, we have declared a higher payment rate
under the option, we will base the payments on that higher rate.

Option 3 (Interest Payment).--We will hold an amount at interest. We will pay
interest at an effective rate of at least 3% a year ($3.000 annually, $14.89
semi-annually, $7.42 quarterly or $2.47 monthly per $1,000). We may pay more
interest.

Option 4 (Instalments of a Fixed Amount).--We will make equal annual,
semi-annual, quarterly or monthly payments if they total at least $90 a year for
each $1,000 put under this option. We will credit the unpaid balance with
interest at an effective rate of at least 3 1/2% a year. We may credit more
interest. If we do so, the balance will be larger. The final payment will be any
balance equal to or less than one payment.

First Payment Due Date.--Unless a different date is stated when the option is
chosen: (1) the first payment for Option 3 will be due at the end of the chosen
payment interval; and (2) the first payment for any of the other options will be
due on the date the option takes effect.

Residue Described.--For Options 1 and 2, residue on any date means the then
present value of any unpaid payments certain. We will compute it at an effective
interest rate of 3 1/2% a year. But we will use the interest rate we used to
compute the actual Option 2 payments if they were not based on the table in this
contract.

For Options 3 and 4, residue on any date means any unpaid balance with interest
to that date.

For option 2, residue does not include the value of any payment that may become
due after the certain period.

(Continued on Page 19)

Page 17 (VALA--84)

SETTLEMENT OPTIONS (Continued)

OPTION 1 TABLE
- ------------------------
MINIMUM AMOUNT OF
MONTHLY PAYMENT FOR
EACH $1,000, THE FIRST
PAYABLE IMMEDIATELY
- ------------------------
Number Monthly
of Years Payment
- ------------------------
1 $84.65
2 43.05
3 29.19
4 22.27
5 18.12

6 15.35
7 13.38
8 11.90
9 10.75
10 9.83

11 9.09
12 8.46
13 7.94
14 7.49
15 7.10

16 6.76
17 6.47
18 6.20
19 5.97
20 5.75

21 5.56
22 5.39
23 5.24
24 5.09
25 4.96
- ------------------------
Multiply the monthly
amount by 2.989 for
quarterly, 5.952 for
semi-annual or 11.804
for annual.
- ------------------------

OPTION 2 TABLE
----------------------------------------------------------------------------------------
MINIMUM AMOUNT OF MONTHLY PAYMENT FOR EACH $1,000, THE FIRST
PAYABLE IMMEDIATELY
----------------------------------------------------------------------------------------
KIND OF LIFE INCOME KIND OF LIFE INCOME
------------------------------- -----------------------------
10-Year Instalment 10-Year Instalment
AGE Certain Refund AGE Certain Refund
LAST ------------------------------- LAST -----------------------------
BIRTHDAY Male Female Male Female BIRTHDAY Male Female Male Female
----------------------------------------------------------------------------------------
10 $ 3.18 $3.11 $3.17 $3.10 45 $4.06 $3.82 $3.99 $3.78
and under 46 4.12 3.86 4.03 3.81
11 3.19 3.12 3.18 3.11 47 4.17 3.90 4.08 3.85
12 3.20 3.13 3.19 3.12 48 4.23 3.94 4.13 3.90
13 3.21 3.14 3.20 3.13 49 4.28 3.99 4.18 3.94
14 3.22 3.15 3.21 3.14
50 4.35 4.04 4.24 3.98
15 3.24 3.16 3.23 3.15 51 4.41 4.09 4.29 4.03
16 3.25 3.17 3.24 3.16 52 4.48 4.15 4.35 4.08
17 3.27 3.19 3.25 3.18 53 4.55 4.21 4.41 4.13
18 3.28 3.20 3.27 3.19 54 4.62 4.27 4.48 4.19
19 3.30 3.21 3.28 3.20
55 4.70 4.33 4.55 4.24
20 3.31 3.22 3.30 3.21 56 4.78 4.40 4.62 4.30
21 3.33 3.24 3.32 3.23 57 4.86 4.47 4.69 4.37
22 3.35 3.25 3.33 3.24 58 4.95 4.54 4.77 4.43
23 3.36 3.26 3.35 3.25 59 5.05 4.62 4.86 4.50
24 3.38 3.28 3.37 3.27
60 5.15 4.71 4.94 4.58
25 3.40 3.30 3.39 3.29 61 5.25 4.79 5.03 4.66
26 3.42 3.31 3.41 3.30 62 5.36 4.89 5.13 4.74
27 3.45 3.33 3.43 3.32 63 5.48 4.98 5.23 4.82
28 3.47 3.35 3.45 3.34 64 5.60 5.09 5.34 4.92
29 3.49 3.37 3.47 3.35
65 5.73 5.20 5.45 5.01
30 3.52 3.39 3.49 3.37 66 5.87 5.31 5.57 5.11
31 3.54 3.41 3.52 3.39 67 6.01 5.43 5.70 5.22
32 3.57 3.43 3.54 3.41 68 6.15 5.56 5.83 5.34
33 3.60 3.45 3.57 3.44 69 6.30 5.70 5.97 5.46
34 3.63 3.47 3.60 3.46
70 6.46 5.84 6.11 5.58
35 3.66 3.50 3.63 3.48 71 6.62 5.99 6.27 5.72
36 3.69 3.52 3.66 3.50 72 6.79 6.15 6.43 5.86
37 3.72 3.55 3.69 3.53 73 6.96 6.31 6.60 6.01
38 3.76 3.58 3.72 3.56 74 7.13 6.49 6.78 6.18
39 3.80 3.61 3.75 3.58
75 7.30 6.67 6.97 6.35
40 3.84 3.64 3.79 3.61 76 7.48 6.85 7.17 6.53
41 3.88 3.67 3.82 3.64 77 7.66 7.04 7.38 6.72
42 3.92 3.70 3.86 3.67 78 7.83 7.24 7.60 6.93
43 3.97 3.74 3.90 3.71 79 8.00 7.44 7.83 7.15
44 4.01 3.78 3.94 3.74
80 8.17 7.64 8.07 7.38
and over

(Continued on Next Page)

Page 18 (VALA--84)

SETTLEMENT OPTIONS (Continued)

WITHDRAWAL OF RESIDUE.--Unless otherwise stated when the option is chosen: (1)
under Options 1 and 2 the residue may be withdrawn; and (2) under Options 3 and
4 all, or any part not less than $100, of the residue may be withdrawn. If an
Option 3 residue is reduced to less than $1,000, we have the right to pay it in
one sum. Under Option 2, withdrawal of the residue will not affect any payments
that may become due after the certain period; the value of those payments cannot
be withdrawn. Instead, the payments will start again if they were based on the
life of a person who lives past the certain period.

Any request to exercise any of these rights must be in writing and in a form
that meets our needs. It will take effect only when we file it at our Service
Office. Then the interest of anyone who is being removed will end as of the date
of the request, even if the Payee who made the request is not living when we
file it.

CHANGING OPTIONS.--A Payee under Option 1, 3 or 4 may choose another option for
any sum that the Payee could withdraw on the date the chosen option is to start.
That date may be before the date the Payee makes the choice only if we consent.
In some cases, the Payee will need our consent to choose or change an option. We
describe these cases next.

Conditions.--Under any of these conditions, our consent is needed for an option
to be used for any person:

1. The person is not a natural person who will be paid in his or her own right.

2. The person will be paid as assignee.

3. The amount to be held for the person under Option 3 is less than $1,000. But
we will hold any amount for at least one year in accord with the Automatic Mode
of Settlement.

4. Each payment to the person under the option would be less than $20.

5. The option is for residue arising other than at (a) the Insured's death, or
(b) the death of the beneficiary who was entitled to be paid as of the date of
the Insured's death.

6. The option is for proceeds that arise other than from the Insured's death,
and we are settling with an owner or any other person who is not the Insured.

Page 19 (VALA--84)

AUTOMATIC MODE OF SETTLEMENT

APPLICABILITY.--These provisions apply to proceeds arising from the Insured's
death and payable in one sum to a Payee who is a beneficiary. They do not apply
to any periodic payment.

SPENDTHRIFT AND CREDITOR.--A beneficiary or contingent payee may not, at or
after the Insured's death, assign, transfer, or encumber any benefit payable. To
the extent allowed by law, the benefits will not be subject to the claims of any
creditor of any beneficiary or contingent payee.

ENDORSEMENTS
(Only we can endorse this contract.)

Page 20 (VALA--84)

BASIS OF COMPUTATION

MORTALITY TABLES DESCRIBED.--Except as we state in the next paragraph, (1) we
base all net premium and net values to which we refer in this contract on the
Insured's issue age and sex and on the length of time since the contract date;
(2) we use the Commissioners 1980 Standard Ordinary Mortality Table; and (3) we
use continuous functions based on age last birthday.

For extended insurance, we base net premiums and net values on the Commissioners
1980 Extended Term Insurance Table.

INTEREST RATE.--For all net premium and net values to which we refer in this
contract we use an effective rate of 4% a year.

EXCLUSIONS.--When we compute net values we exclude the value of any
Supplementary Benefits and any other extra benefits added by rider to this
contract.

VALUES AFTER 20 CONTRACT YEARS.--Tabular values after the 20th contract year
will be the net level premium reserves, taking into account the increase in
scheduled premium amount on the Contract Change Date. To compute them, we will
use the mortality tables and interest rate we describe above. There will be the
same exclusions.

Pruco Life Insurance Company of New Jersey,

By /s/ [SPECIMEN]
Secretary

- -----------
PLIY 45--84
- -----------

CONTRACT SUMMARY (continued from Page 2)
- ----------------------------------------------------------------------------------------------------------------
TABLE OF BASIC AMOUNTS
- ----------------------------------------------------------------------------------------------------------------
When the proceeds arise from the Insured's death:
- ----------------------------------------------------------------------------------------------------------------
And The Contract Is In Force: Then The Basic Amount is: And We Adjust The Basic Amount For:
- ----------------------------------------------------------------------------------------------------------------
on a premium paying basis and not the face amount (see page 3) plus contract debt (see page 15), plus
in default past its days of grace any excess of the contract fund (see any charges due in the days of
page 11) over the tabular contract grace (see page 8).
fund (see page 4); plus the amount
of any extra benefits*
- ----------------------------------------------------------------------------------------------------------------
as a fully paid-up contract the amount of paid-up insurance contract debt.
(see page 9.); plus the amount of
any paid-up extra benefits
- ----------------------------------------------------------------------------------------------------------------
as variable reduced paid-up the amount of variable reduced contract debt.
insurance (see page 13) paid-up insurance (see page 13)
- ----------------------------------------------------------------------------------------------------------------
as extended insurance (see the amount of term insurance, if nothing.
page 13) the Insured dies in the term (see
page 13); otherwise zero
- ----------------------------------------------------------------------------------------------------------------

* But see Death Proceeds on page 6 for the determination of Basic Amount
under certain conditions which may arise when death occurs before attained
age 21, under a contract issued below age 15.

This Table is a part of the Contract Summary and of the Contract.

Page 21 (VALB--84) - N

GUIDE TO CONTENTS

Page

Contract of Summary ....................................................... 2
Table of Basic Amounts .................................................. 21

Contract Data ............................................................. 3
Rating Class; List of Contract Minimums;
List of Supplementary Benefits, if any;
Schedule of Premiums; Schedule of Expense
Charges from Premium Payments; Schedule
of Monthly Deductions from Contract Fund;
Schedule of Minimum Surrender Charges;
List of Subaccounts and Portfolios; Service
Office

Tabular Contract Fund and Tabular
Cash Values ............................................................. 4

General Provisions ........................................................ 5
Definitions; The Contract; Contract
Modifications; Non-participating Service
Office; Ownership and Control;
Suicide Exclusion; Currency; Misstatement
of Age or Sex; Incontestability; Assignment;
Annual Report; Increase in Face Amount
at Age 21 for Contract Issued at Age 14
and Lower; Death Proceeds; Payment of
Death Claim

Premium Payment and Reinstatement ......................................... 7
Payment of Premiums; Scheduled Premiums;
Unscheduled Premiums; Premium Change on
Contract Change Date; Default; Grace Period;
Premium Account; Reinstatement

Beneficiary ............................................................... 9

Paid-Up Contract .......................................................... 9

Separate Account .......................................................... 10
The Account; Subaccounts; The Fund;
Account Investments; Change in
Investment Policy; Change of Fund

Investment Amount and Return on Investment ................................ 11
Investment Amount; Assumed Rate of Return;
Transfers Among Subaccounts

Contract Fund ............................................................. 11
Contract Fund Defined;
Invested Premium Account; Guaranteed
Interest Credits, Cost of Expected Mortality;
Charge for Extra Rating Class; Charges for
Extra Benefits; Monthly Administration Charge
and Mortality Risk Charge; Partial Withdrawals

Contract Value Options .................................................... 13
Benefit After the Grace Period; Extended
Insurance; Variable Reduced Paid-up
Insurance; Computations; Automatic
Benefit; Optional Benefit; Cash Value
Option; Tabular Values

Loans ..................................................................... 15
Loan Requirements; Contract Debt; Loan
Value; Interest Charge; Repayment; Effect
of a Loan; Excess Contract Debt; Postponement
of Loan

Exchange of Contract ...................................................... 16
Right to Exchange; Conditions;
Exchange Date; Contract Specifications;
Exchange at Other Times

Settlement Options ........................................................ 17
Payee Defined; Choosing an Option;
Options Described; First Payment
Due Date; Residue Described; Income
Tables; Withdrawal of Residue;
Designating Contingent Payee(s);
Changing Options; Conditions;
Death of Payee

Automatic Mode of Settlement .............................................. 20
Applicability; Interest on Proceeds;
Settlement at Payee's Death;
Spendthrift and Creditor

Basis of Computation ...................................................... 21
Mortality Tables Described, Interest Rate;
Exclusions; Values after 20 Contract Years;
Minimum Legal Values

Any Supplementary Benefits and a copy of the
application follow page 20.

Page 22

VALB--84 - N

EXHIBIT 26(d)(ii)

PRUCO LIFE INSURANCE COMPANY OF NEW JERSEY
Newark, New Jersey
A Stock Company subsidiary of
The Prudential Insurance Company of America

================================================================================

Insured JOHN DOE xx xxx xxx Policy Number
JUN 4, l986 Contract Date
Face Amount $50,000--

Premium Period LIFE
Agency R-NK 1

================================================================================
We will pay the beneficiary the proceeds of this contract promptly if we
receive due proof that the Insured died. We make this promise subject to
all the provisions of the contract.

The Death Benefit will be the Insurance Amount, plus the amount of any
extra benefit (unless the contract is in default or there is contract
debt). The Death Benefit may be fixed or variable depending on the payment
of premiums, the investment experience of the separate account and the
level of charges made. But the Insurance Amount will not be less than the
face amount. (We describe the Insurance Amount on page 14.)

The cash value may increase or decrease daily depending on the payment of
premiums, the separate account investment experience and the charges made.
There is no guaranteed minimum.

We specify a schedule of premiums. Additional unscheduled premiums may be
paid at your option subject to the limitations in the contract.

Please read this contract with care. A guide to its contents is on the last
page. A summary is on page 5. If there is ever a question about it, or if
there is a claim, just see one of our representatives or get in touch with
one of our offices.

RIGHT TO CANCEL CONTRACT.--You may return this contract to us within (1) 10
days after you get it, or (2) 45 days after Part 1 of the application was
signed, or (3) 10 days after we mail or deliver to you any withdrawal right
notice, required by the Securities and Exchange Commission, whichever is
latest. All you have to do is take the contract or mail it to one of our
offices or to the representative who sold it to you. It will be canceled
from the start and we will promptly give you the value of your Contract
Fund on the date you return the contract to us. We will also give back any
charges we made in accord with this contract.

Signed for Pruco Life Insurance Company of New Jersey, a New Jersey Corporation

/s/ [SPECIMEN] /s/ [SPECIMEN]
Secretary President

MODIFIED PREMIUM VARIABLE LIFE INSURANCE POLICY. INSURANCE PAYABLE ONLY UPON
DEATH. SCHEDULED PREMIUMS PAYABLE THROUGHOUT INSURED'S LIFETIME. PROVISION FOR
OPTIONAL ADDITIONAL PREMIUMS. CASH VALUES REFLECT PREMIUM PAYMENTS, INVESTMENT
RESULTS AND CHARGES. GUARANTEED DEATH BENEFIT IF SCHEDULED PREMIUMS DULY PAID
AND NO CONTRACT DEBT, OR WITHDRAWALS. INCREASE IN FACE AMOUNT AT ATTAINED AGE 21
IF CONTRACT ISSUED AT AGE L4 OR LOWER. NON-PARTICIPATING.

VALA--86 - N

ENDORSEMENTS

(Only we can endorse this contract)

Page 2 (VALA--86)

CONTRACT DATA

INSURED'S SEX AND ISSUE AGE M-35
INSURED JOHN DOE XX XXX XXX POLICY NUMBER
FACE AMOUNT $50,000-- SEP 10, 1996 CONTRACT DATE

PREMIUM PERIOD LIFE

AGENCY R-NK 1

BENEFICIARY CLASS 1 MARY DOE, WIFE
CLASS 2 ROBERT DOE, SON

FIXED LOAN INTEREST RATE

LIST OF CONTRACT MINIMUMS

THE MINIMUM UNSCHEDULED PREMIUM IS $25.
THE MINIMUM INCREASE IN FACE AMOUNT IS $25,000.
THE MINIMUM DECREASE IN FACE AMOUNT IS $10,000.
THE MINIMUM FACE AMOUNT IS $50,000.

***** END OF LIST *****

LIST OF SUPPLEMENTARY BENEFITS
***** NONE *****

SUMMARY OF FACE AMOUNT

EFFECTIVE RATING CONTRACT CHANGE
AMOUNT DATE CLASS DATE

INITIAL $50,000-- SEP 10, 1986 NONSMOKER SEP 10, 2016

*****END OF SUMMARY *****
SCHEDULE OF PREMIUMS

PLANNED PAYMENT DATES OF SCHEDULED PREMIUMS OCCUR ON THE CONTRACT DATE AND AT
INTERVALS OF 12 MONTHS AFTER THAT DATE.

SCHEDULED PREMIUMS ARE $ 468.00 EACH
CHANGING ON SEP 10, 2016 TO $2903.50 EACH

***** END OF SCHEDULE *****

CONTRACT DATA CONTINUED ON NEXT PAGE

PAGE 3 (86)

CONTRACT DATA CONTINUED POLICY NO. XX XXX XXX

SCHEDULE OF EXPENSE CHARGES FROM PREMIUM PAYMENTS

FROM EACH PREMIUM PAID WE DEDUCT A PER-PAYMENT PROCESSING CHARGE OF UP TO $2.00.

FROM THE REMAINDER WE DEDUCT A CHARGE OF UP TO 7.5% WHICH IS USED TO PAY FOR
SALES CHARGES AND STATE PREMIUM TAXES. AFTER DEDUCTION OF THIS AMOUNT, THE
BALANCE IS THE INVESTED PREMIUM AMOUNT (SEE PAGE 14).

***** END OF SCHEDULE *****

SCHEDULE OF MONTHLY DEDUCTIONS FROM THE CONTRACT FUND

THE MONTHLY ADMINISTRATION CHARGE IS NO MORE THAN $3.50. THE MONTHLY CHARGE TO
GUARANTEE THE MINIMUM DEATH BENEFIT IS NO MORE THAN $.50.

***** END OF SCHEDULE *****

***** SCHEDULE ON OTHER CHARGES *****

THERE IS A FEE OF UP TO $15 FOR ANY PARTIAL WITHDRAWAL OR DECREASE IN FACE
AMOUNT.
***** END OF SCHEDULE *****

SCHEDULE OF MAXIMUM SURRENDER CHARGES

FOR FULL SURRENDER AT THE END OF THE CONTRACT YEAR INDICATED, THE MAXIMUM CHARGE
WE WILL DEDUCT FROM THE CONTRACT FUND IS SHOWN BELOW. FOR SURRENDER OTHER THAN
YEAR-END THE AMOUNT OF THE CHARGE WILL REFLECT THE NUMBER OF COMPLETED CONTRACT
MONTHS SINCE THE BEGINNING OF THE CONTRACT YEAR (SEE PAGE 17).

YEAR OF DEFERRED DEFERRED UNDERWRITING
SURRENDER SALES CHARGES AND ISSUE CHARGE TOTAL
--------- ------------- ---------------- -----
1 $217.00 $250.00 $467.00
2 $217.00 $250.00 $467.00
3 $217.00 $250.00 $467.00
4 $217.00 $250.00 $467.00
5 $217.00 $250.00 $467.00
6 $173.50 $200.00 $373.50
7 $130.00 $150.00 $280.00
8 $87.00 $100.00 $187.00
9 $43.50 $50.00 $93.50
10 $0.00 $0.00 $0.00
11 AND LATER ZERO ZERO ZERO

***** END OF SCHEDULE *****

CONTRACT DATA CONTINUED ON NEXT PAGE

PAGE 3A (86)

CONTRACT DATA CONTINUED POLICY NO. XX XXX XXX

LIST OF SUBACCOUNTS AND PORTFOLIOS

EACH SUBACCOUNT OF THE PRUCO LIFE OF NEW JERSEY VARIABLE APPRECIABLE ACCOUNT
INVESTS IN A SPECIFIC PORTFOLIO OF THE PRUCO LIFE SERIES FUND. WE SHOW BELOW THE
SUBACCOUNTS AND THE FUND PORTFOLIOS THEY INVEST IN.

FUND
SUBACCOUNT PORTFOLIO
- ---------- ---------

MONEY MARKET NJ MONEY MARKET
BOND NJ BOND
COMMON STOCK NJ COMMON STOCK
AGGRESSIVELY MANAGED FNJ AGGRESSIVELY MANAGED FLX
CONSERVATIVELY MANAGED FNJ CONSERVATIVELY MANAGED FLX

***** END OF LIST *****

LIST OF FIXED ACCOUNT OPTIONS

FIXED RATE OPTION

***** END OF LIST *****

SCHEDULE OF INITIAL ALLOCATION OF NET PREMIUMS

MONEY MARKET SUBACCOUNT 25%
CONSERVATIVELY MANAGED FLX SUBACCOUNT 50%
FIXED RATE OPTION 25%

***** END OF SCHEDULE *****

SERVICE OFFICE - PLEASE DIRECT ANY COMMUNICATIONS ABOUT THIS CONTRACT TO:

PRUCO LIFE INSURANCE COMPANY OF NEW JERSEY
P.O. BOX XXXX, MINNEAPOLIS, MN XXXXX

PAGE 3B (86)

POLICY. NO. XX XXX XXX

TABULAR VALUES

WE EXPLAIN THIS TABLE UNDER CONTRACT FUND AND TABULAR VALUES. ACTUAL CONTRACT
FUND VALUES AND CASH VALUES MAY BE MORE OR LESS THAN AMOUNT SHOWN (SEE CONTRACT
FUND AND CASH VALUE OPTION.)

END OF TABULAR TABULAR
CONTRACT CONTRACT CASH
YEAR FUND VALUE
---- ---- -----
1 288.00 0.00
2 581.50 114.50
3 878.00 411.00
4 1178.00 711.00
5 1479.50 1012.50

6 1782.00 1408.50
7 2084.00 1804.00
8 2385.00 2198.20
9 2683.00 2590.10
10 2979.00 2979.00

11 3270.50 3270.50
12 3556.50 3556.50
13 3835.50 3835.50
14 4106.50 4106.50
15 4367.50 4367.50

16 4615.00 4615.00
17 4845.00 4845.00
18 5053.00 5053.00
19 5234.50 5234.50
20 5384.00 5384.00

ATTAINED
AGE
---
60 5490.50 5490.50
62 5105.00 5105.00
85 3750.00 3750.00

TABULAR CASH VALUES ARE THE TABULAR CONTRACT FUND VALUES MINUS A
SURRENDER CHARGE. WE SHOW ON A PRIOR CONTRACT PAGE WHAT THE
MAXIMUM SURRENDER CHARGE WILL BE.

THE TABULAR CONTRACT FUND VALUES AND TABULAR CASH VALUES SHOWN ARE THE AMOUNTS
WHICH WILL APPLY IF ALL SCHEDULED PREMIUMS HAVE BEEN PAID ON THEIR DUE DATES,
THERE HAVE BEEN NO UNSCHEDULED PREMIUMS PAID, THERE IS NOT CONTRACT DEBT, THE
SUBACCOUNTS AND THE FIXED ACCOUNT OPTIONS YOU HAVE CHOSEN EARN EXACTLY THE
ASSUMED RATE OF RETURN AND WE HAVE DEDUCTED THE MAXIMUM MORTALITY CHARGES.

Page 4 (86)

CONTRACT SUMMARY

We offer this summary to help you understand this contract. We do not intend
that it change any of the provisions of the contract.

The face amount shown on page 3 is the guaranteed death benefit. The death
benefit will not decrease below the guaranteed death benefit if the contract is
not in default past its days of grace and there is no contract debt. (We
describe on page 9 the way the contract can go into default.) Subject to certain
requirements, you may increase or decrease the face amount. If the contract
remains in default past its days of grace, the contract may end or it may stay
in force with reduced benefits. If either occurs, you may be able to reinstate
its full benefits.

Proceeds is a word we use to mean the amount we would pay if we were to settle
the contract in one sum. To compute the proceeds that may arise from the
Insured's death, we start with a basic amount. We may adjust that amount if
there is a loan or if the contract is in default. The table on page 23 tells
what the basic amount is. The amount depends on how the contract is in force.
The table will refer you to the parts of the contract that tell you how we
adjust the basic amount. If you surrender the contract, the proceeds will be the
net cash value. We describe it under Cash Value Option on page 17.

Proceeds often are not taken in one sum. For instance, on surrender, you may be
able to put proceeds under a settlement option to provide retirement income or
for some other purpose. Also, for all or part of the proceeds that arise from
the Insured's death, you may be able to choose a manner of payment for the
beneficiary. If an option has not been chosen, the beneficiary may be able to
choose one. We will pay interest under the Interest Payment Option from the date
of death on any proceeds to which no other manner of payment applies. This will
be automatic as we state on page 21. There is no need to ask for it

You and we may agree on a change in the ownership of this contract. Also, unless
we endorse it to say otherwise, the contract gives you these rights, subject to
certain limitations and requirements:

o You may change the beneficiary under it;

o You may borrow on it up to its loan value;

o You may surrender it for its net cash value;

o You may change the allocation of future net premiums among the subaccounts
and the fixed account;

o You may transfer amounts among subaccounts and the fixed account;

o You may change the face amount;

o You may withdraw a portion of the contract's value.

The contract, as issued, may or may not have extra benefits that we call
Supplementary Benefits. If it does, we list them under Supplementary Benefits on
the Contract Data pages and describe them after page 24. The contract may or may
not have other extra benefits. If it does, we add them by rider. Any extra
benefit ends as soon as the contract is in default past its days of grace,
unless the form that describes it states otherwise.

(Contract Summary Continued on Page 23)

Page 5 (VALA--86) (NJ)

GENERAL PROVISIONS

DEFINITIONS.--We define here some of the words and phrases used all through this
contract. We explain others, not defined here, in other parts of the text.

WE, OUR, US AND COMPANY.--Pruco Life Insurance Company of New Jersey,
a New Jersey Corporation.

YOU AND YOUR.--The owner of the contract.

INSURED.--The person named as the Insured on the first page. He or she need not
be the owner.

EXAMPLE: Suppose we issue a contract on the life of your spouse. You applied for
it and named no one else as owner. Your spouse is the Insured and you are the
owner.

SEC.--The Securities and Exchange Commission.

PLVAA.-- The Pruco Life of New Jersey Variable Appreciable Account.

ISSUE DATE.--The contract date.

MONTHLY DATE.--The contract date and the same day as the contract date in each
later month.

Example: If the contract date is March 9, 1986, the Monthly Dates are each March
9, April 9, May 9 and so on.

ANNIVERSARY OR CONTRACT ANNIVERSARY.--The same day and month as the contract
date in each later year.

Example: If the contract date is March 9, 1986, the first anniversary is March
9, 1987. The second is March 9, 1988, and so on.

CONTRACT YEAR.--A year that starts on the contract date or on an anniversary.

Example: If the contract date is March 9, 1986, the first contract year starts
then and ends on March 8, 1987. The second starts on March 9, 1987 and ends on
March 8, 1988, and so on.

CONTRACT MONTH.--A month that starts on a Monthly Date.

Example: If March 9, 1986 is a Monthly Date, a contract month starts then and
ends on April 8, 1986. The next contract month starts on April 9, 1986 and ends
on May 8, 1986, and so on.

ATTAINED AGE.--The Insured's attained age at any time is the issue age plus the
length of time since the contract date. You will find the issue age near the top
of page 3.

THE CONTRACT.--This policy, and the attached copy of the initial application
together with copies of any subsequent applications to change the policy, and
any additional Contract Data pages added to this policy form the whole contract.
We assume that all statements in the application were made to the best of the
knowledge and belief of the person(s) who made them; in the absence of fraud
they are deemed to be representations and not warranties. We relied on those
statements when we issued the contract. We will not use any statement, unless
made in the application, to try to void the contract or to deny a claim.

CONTRACT MODIFICATIONS.--Only a Company officer with the rank or title of Vice
President or above may agree to modify this contract, and then only in writing.

NON-PARTICIPATING.--This contract will not share in our profits or surplus
earnings. We will pay no dividends on it.

SERVICE OFFICE.--This is the office that will service this contract. Its mailing
address is the one we show on the Contract Data pages, unless we notify you of
another one.

SUICIDE EXCLUSION.--If the Insured, whether sane or insane, dies by suicide
within two years from the issue date, we will pay no more under this contract
than the sum of the premiums paid, minus any contract debt and minus any partial
withdrawals.

Also, for any increase in the face amount, if the Insured, whether sane or
insane, dies by suicide within two years from the effective date of the
increase, we will pay, as to the increase in amount, no more than the sum of the
scheduled premiums that were due for the increase.

CURRENCY.--Any money we pay, or that is paid to us, must be in United States
currency. Any amount we owe will be payable at our Service Office.

MISSTATEMENT OF AGE OR SEX.--If the Insured's stated age or sex or both are not
correct, we will adjust each benefit and any amount to be paid to reflect the
correct age and sex. Any death benefit will be based on what the most recent
charge for mortality would have provided at the correct age and sex. Where
required, we have given the insurance regulator a detailed statement of how we
will make these changes.

(Continued on Next Page)

Page 6 (VALA--86) (NJ)

GENERAL PROVISIONS (Continued)

INCONTESTABILITY.--Except as we state in the next sentence, we will not contest
this contract after it has been in force during the Insured's lifetime for two
years from the issue date. There are two exceptions: (1) non-payment of enough
premium to provide the required charges; and (2) any change in the contract that
requires our approval and that would increase our liability. For any such
change, we will not contest the change after it has been in effect during the
Insured's lifetime for two years from the date it takes effect.

ASSIGNMENT.--We will not be deemed to know of an assignment unless we receive
it, or a copy of it, at our Service Office. We are not obliged to see that an
assignment is valid or sufficient.

ANNUAL REPORT.--Each year we will send you a report. It will show: (1) the
current death benefit; (2) the investment amount; (3) the amount of the
investment amount in each subaccount; (4) the amount in the fixed account; (5)
the net cash value; (6) premiums paid, interest credited and monthly charges
deducted since the last report; (7) any partial withdrawals since the last
report; and (8) any contract debt and the interest on the debt for the prior
year. The report will also include any other data that may be currently required
where this contract is delivered. No report will be sent if this contract is
being continued under extended term insurance.

INCREASE IN FACE AMOUNT AT AGE 21 FOR CONTRACTS ISSUED AT AGE 14 OR LOWER.--If
this contract was issued at age 14 or lower, it shows on page 3 an increase in
face amount at attained age 21 which applies if the contract is not then in
default beyond its days of grace. Any references in the contract to face amount
or death benefit which apply at or after attained age 21 will be based upon the
increased face amount, unless otherwise stated.

PAYMENT OF DEATH CLAIM.--If we settle this contract in one sum as a death claim,
we will usually pay the proceeds within 7 days after we receive at our Service
Office proof of death and any other information we need to pay the claim. But we
have the right to defer paying the excess of the Insurance Amount over the face
amount if (1) the New York Stock Exchange is closed; or (2) the SEC requires
that trading be restricted or declares an emergency.

BASIS OF COMPUTATION

For extended insurance, we base net premiums and net values on the Commissioners
1980 Extended Term Insurance Table.

INTEREST RATE.--For all net premiums and net values to which we refer in this
contract we use an effective rate of 4% a year.

EXCLUSIONS.--When we compute net values we exclude the value of any
Supplementary Benefits and any other extra benefits added by rider to this
contract.

VALUES AFTER 20 CONTRACT YEARS.--Tabular values not shown on page 4 will be the
net level premium reserves, taking into account modified premiums. To compute
them, we will use the mortality tables and interest rate we describe above.
There will be the same exclusions.

PRUCO LIFE INSURANCE COMPANY OF NEW JERSEY,

By /s/ [SPECIMEN]
Secretary

- -----------
PLIY 72--86
- -----------

Page 7 (VALA--86) (NJ)

PREMIUM PAYMENT AND REINSTATEMENT

PAYMENT OF PREMIUMS.--Premiums may be paid at our Service Office or to any of
our authorized representatives. If we are asked to do so, we will give a signed
receipt.

Premium payments will in most cases be credited as of the date of receipt, to
both the premium account and the contract fund. (See Premium Account, page 9
and Contract Fund, page 14.) Premium credits to the premium account are the full
premiums paid with no deductions. Premium credits to the contract fund are the
invested premium amounts (see page 14). But in the following cases, to the
extent stated, premium payments will be credited as of a date other than the
date of receipt:

2. If a premium payment is received during the 61 day period after the day when
a scheduled premium was due and had not yet been paid, here is what we will do.
We will determine whether the premium account (see page 9) just before receipt
of that payment was a negative amount. If not--that is, if the premium account
was zero or higher--the premium payment will be credited as of the date of
receipt. But if the premium account was negative, by no more than the scheduled
premium on the due date, that portion of the premium payment required to bring
the premium account up to zero will be credited to the premium account as of the
due date; any remaining portion of the premium payment will be credited to the
premium account as of the date of receipt. If the premium account is negative by
more than the scheduled premium then due, the premium payment will be credited
as of the date of receipt, except in the situation described in 3 below.

3. On each Monthly Date we will determine if the contract is in default. (See
Default on page 9.) We will notify you of the minimum payment amount needed to
bring the contract out of default. If one or more premium payments are made
during the days of grace after that Monthly Date (see Grace Period on page 9),
we will credit to the contract fund and the premium account as of the applicable
Monthly Dates, such parts of the payments as are needed to end the default
status; any remaining part of these premium payments will be credited to the
contract fund and premium account as of the date of receipt.

SCHEDULED PREMIUMS.--We show the amount and frequency of the scheduled premiums
in the Schedule of Premiums. The first scheduled premium is due on the contract
date. There is no insurance under this contract unless an amount at least equal
to the first scheduled premium is paid.

The scheduled premium shown is the minimum required, at the frequency chosen, to
continue the contract in full force if all scheduled premiums are paid when due,
you make no withdrawals, any interest credited and investment returns are at the
assumed rate, mortality and expense charges are at the maximum rate, and any
contract debt does not exceed the cash value. An increase in the face amount
increases the scheduled premium.

If you wish to pay, on a regular basis, higher premiums than the amount of the
scheduled premiums, we will bill you for the higher amount you choose. Or if you
wish, you may from time to time make a smaller premium payment than the amount
of the scheduled premium, subject to the minimum premium amount shown on page 3.

If scheduled premiums that are due are not paid, or if smaller payments are
made, the contract may then or at some future time go into default. Payment of
less than the scheduled premium increases the risk that the contract will end if
investment results are not favorable. The conditions under which default will
exist are described below.

UNSCHEDULED PREMIUMS.--Except as we state in the next paragraph, unscheduled
premiums may be paid at any time during the Insured's lifetime as long as the
contract is not in default beyond its days of grace. We show on page 3 the
minimum premium we will accept. We have the right to limit unscheduled premiums
to a total of $10,000 in any contract year.

We have the right to refuse any payment that increases the basic amount by more
than it increases the contract fund.

PREMIUM CHANGE ON CONTRACT CHANGE DATE(S).--We show the Contract Change Date(s)
in the Contract Data pages. We also show in the Schedule of Premiums on these
pages that the amount of each scheduled premium will change on each Contract
Change Date and what the new premium will be. However, when a Contract Change
Date arrives we will recompute a new premium amount to be used in calculating
the premium account. The new premium that we recompute will be no greater than
the new premium for that date which we show in the Contract Data pages. In
addition, if the premium account is less than zero, we will set the premium
account to zero.

(Continued on Next Page)

Page 8 (VALA--86)

PREMIUM PAYMENT AND REINSTATEMENT (Continued)

ALLOCATIONS.--You may allocate all or a part of your invested premium amount to
one or more of the subaccounts and fixed account option(s) listed in the
Contract Data pages. You may choose to allocate nothing to a particular
subaccount or fixed account option. But any allocation you make must be at least
10%; you may not choose a fractional percent.

Example: You may choose a percentage of 0, or 100, or 10, 11, 12, and so on, up
to 90. But you may not choose a percentage of 1 through 9, or 91 through 99, or
any percentage that is not a whole number. The total for all subaccounts must be
100%.

The initial allocation of invested premium amounts (see page 14) is shown in the
Contract Data pages. You may change the allocation for future invested premium
amounts at any time if the contract is not in default. To do so, you must notify
us in writing in a form that meets our needs. The change will take effect on the
date we receive your notice at our Service Office.

A premium might be paid when the contract fund is less than zero. In that case,
when we receive that premium, we first use as much of the invested premium
amount as we need to eliminate the deficit in the contract fund. We will then
allocate any remainder of the invested premium amount in accord with your most
recent request. (We describe contract fund on page 14).

DEFAULT.--Unless the contract is already in the grace period, on each Monthly
Date, after we deduct any charges from the contract fund (which we describe on
page 14) and add any credits to it, we will determine whether the contract is in
default. To do so, we will compute the amount which will accrue to the tabular
contract fund on the next Monthly Date if, during the current contract month:
(1) any interest credited and investment returns are at the assumed rate (see
Assumed Rate of Return on page 13); (2) we make the other charges and credits we
have set, including interest on contract debt; and (3) we receive no premiums or
loan repayments, make no loans nor grant any partial withdrawals. We will
compare this amount to the contract fund. If this amount is not more than the
contract fund, the contract is not in default. If this amount is more than the
contract fund, the difference is the fund deficit. In this case the contract is
in default if the premium account, which we define below, is also less than
zero. See Excess Contract Debt on page 19 for another way the contract may end.

GRACE PERIOD.--The days of grace begin on any monthly date (other than the
contract date) on which the contract goes into default. We grant 61 days from
the date we mail you a notice of default to make the required payment which we
define below. During the days of grace we will continue to accept premiums and
make the charges we have set. If the monthly date was a scheduled premium due
date, when we receive a premium payment during the days of grace we will first
determine whether it satisfies case 2 under Payment of Premiums above. If it
does, the default will end. If it does not, or if the monthly date when the
contract went into default was not a scheduled premium due date, here is what we
will do:

Within 30 days after any default we will send you a notice that your contract
is in default. We will indicate the minimum payment required to keep your
contract in force and the length of the grace period for payment of such amount.

If at any time during the days of grace, we have received payments that in total
are at least equal to the lesser of (a) the sum of the fund deficit on the date
of default and any additional fund deficits on any subsequent Monthly Dates
since the date of default, and (b) the sum of the amount by which the premium
account is negative on the date of default and any scheduled premiums due since
the date of default, the default will end.

If the contract is still in default when the days of grace are over, it will end
and have no value, except as we state under Contract Value Options (which we
describe on page 16).

If death occurs when the contract is in default during its days of grace, the
death benefit proceeds will be reduced by the amount needed to bring the
contract out of default.

This contract might have an extra benefit that insures someone other than the
Insured. And there might be a claim under that benefit while the Insured is
living and in the days of grace while the contract is in default. In this case,
we will subtract the amount needed to bring the contract out of default when we
settle the claim.

PREMIUM ACCOUNT.--On the contract date, the premium account is equal to the
premium credited on that date minus the scheduled premium then due. On any other
day, the premium account is equal to:

1. what it was on the prior day; plus

2. if the premium account was greater than zero on the prior day, interest on
the excess at 4% a year; minus

3. if the premium account was less than zero on the prior day, interest on the
amount of the deficit at 4% a year; plus

4. any premium credited on that day; minus

5. any scheduled premium due on that day; minus

6. any partial withdrawals on that day.

(Continued on Next Page)

Page 9 (VALA--86)

PREMIUM PAYMENT AND REINSTATEMENT (Continued)

The contract might be in default, as described above. If so, the premium account
is less than zero. If a premium payment is received on any day during the days
of grace while the contract is in default and the premium account is negative by
no more than one scheduled premium, that payment, to the extent that it is
required to bring the premium account up to zero, will, as we describe under
Payment of Premiums above, be credited to the premium account as of the Monthly
Date when the scheduled premium was due, whether that date is the date of
default or a subsequent Monthly Date. Any remaining portion of the premium
payment will be credited as of the actual date of receipt. In this case the
premium account for all days from the monthly date to the actual date of receipt
will be recalculated.

REINSTATEMENT.--If this contract is still in default after the last day of
grace, you may reinstate it, if all these conditions are met:

1. No more than three years must have elapsed since the date of default.

2. You must not have surrendered the contract for its net cash value.

3. You must give us any facts we need to satisfy us that the insured is
insurable for the contract.

4. We must be paid a premium at least equal to the amount required to bring
the premium account up to zero on the first Monthly Date on which a
scheduled premium is due after the date of reinstatement. From this amount
we will deduct the expense charges from premium payments described in the
Contract Data pages, plus any charges with 4% interest for any extra
benefits, plus any other charges with 4% interest. The contract fund will
be equal to the remainder, plus the cash value of the contract immediately
before reinstatement, plus a refund of that part of any surrender charge
deducted at the time of default which would be charged if the contract were
surrendered immediately after reinstatement.

If we approve, you may be able to reinstate the contract for a premium less
than that described above. We will deduct the same charges and adjust the
contract fund in the same manner. If you do so, the premium account will be
less than zero. You may need to pay more than the scheduled premiums to
guarantee that the contract will not go into default at some future time.

5. If before reinstatement the contract is in force as reduced paid-up
insurance (see page 16), any contract debt under reduced paid-up insurance
must be repaid with interest or carried over to the reinstated contract.

CHANGING THE FACE AMOUNT AND PARTIAL WITHDRAWALS

FACE AMOUNT.--The face amount is shown on page 3. It will change if (1) you
increase or decrease it, or (2) you make a partial withdrawal.

INCREASE IN FACE AMOUNT.--After the first contract year, you may be able to
increase the face amount once each contract year. Your right to do so is subject
to all these conditions and the paragraph that follows:

1. You must ask for the increase in writing and in a form that meets our
needs; if you are not the Insured and the Insured is age 8 or over, he or
she must sign the form too.

2. The amount of the increase must be at least equal to the minimum increase
in face amount, which we show on page 3.

(Continued on Next Page)

Page 10 (VALA--86)

CHANGING THE FACE AMOUNT AND PARTIAL WITHDRAWALS (Continued)

3. You must give us any facts we need to satisfy us that the Insured is
insurable for the amount of the increase.

4. If we ask you to do so, you must send us the contract to be endorsed.

5. The contract must not be in default.

6. We must not have changed the basis on which benefits and charges are
calculated under newly issued contracts since the Issue Date.

7. You must make any required payment.

8. The Insured must be eligible for the same rating class and benefits as
shown on page 3.

9. We must not be waiving premiums in accord with any Waiver of Premium
benefit that may be included in the contract.

An increase will take effect only if we approve your request for it at our
Service Office. If the increase is approved, we will recompute the contract's
scheduled premiums, maximum surrender charges, tabular values, monthly
deductions and expense charges. We will send you new Contract Data pages showing
the amount and effective date of the increase and the recomputed values. If the
insured is not living on the effective date, the increase will not take effect.

DECREASE IN FACE AMOUNT.--After the first contract year, you may be able to
decrease the face amount. Your right to do so is subject to all these conditions
and the paragraphs that follow:

1. You must ask for the decrease in writing and in a form that meets our
needs.

2. The amount of the decrease must be at least equal to the minimum decrease
in face amount, which we show on page 3.

3. The face amount after the decrease must be at least equal to the minimum
face amount, which we show on page 3.

4. It we ask you to do so, you must send us the contract to be endorsed.

A decrease will take effect only if we approve your request for it at our
Service Office. If the decrease is approved, we will recompute the contract's
scheduled premiums, maximum surrender charges, tabular values, monthly
deductions and expense charges. A decrease in face amount may also effect the
amount of any extra benefits this contract might have. We will send you new
Contract Data pages showing the amount and effective date of the decrease and
the recomputed values. If the Insured is not living on the effective date, the
decrease will not take effect.

We may deduct an administrative fee of up to $15.00, and a proportionate part of
any then applicable surrender charge from the contract fund.

PARTIAL WITHDRAWALS.--After the first contract year, you may be able to make
partial withdrawals from the contract. Your right to do so is subject to all
these conditions and the paragraphs that follow:

1. You must ask for the partial withdrawal in writing and in a form that meets
our needs.

2. The amount withdrawn, plus the net cash value after withdrawal, may not be
more than the net cash value before withdrawal.

3. The cash value after withdrawal must not be less than the tabular cash
value for the new face amount.

4. The amount you withdraw must be at least $2,000.

5. You may make up to four partial withdrawals in any contract year.

6. The face amount after the partial withdrawal must be at least equal to the
minimum face amount, which we show on page 3.

7. If we ask you to do so, you must send us the contract to be endorsed.

We may deduct an administrative fee of up to $15.00, and a proportionate part of
any then applicable surrender charge, based on the reduction in the face amount
described below, from the contract fund.

We will decrease the face amount by the amount of the withdrawal. We will
recompute the contract's scheduled premiums, maximum surrender charges, tabular
values, monthly deductions and expense charges. The decrease in face amount may
also affect the amount of any extra benefitS this contract might have. We will
send you new Contract Data pages showing the recomputed values.

We will usually pay any partial withdrawal within seven days after we receive
your request and, if we request it, the contract at our Service Office. But we
have the right to deter paying the portion of the proceeds that is to come from
the portion of the contract fund in the PLVAA if (1) the New York Stock Exchange
is closed; or (2) the SEC requires that trading be restricted or declares an
emergency. We have the right to postpone paying you the remainder of the
proceeds for up to six months. If we do so for more than thirty days, we will
pay interest at the rate of 3% a year.

An amount withdrawn may not be repaid, except as an unscheduled premium subject
to charges.

We will tell you how much you may withdraw if you ask us.

Page 11 (VALA--86) (NJ)

SEPARATE ACCOUNT

THE SEPARATE ACCOUNT.--The words separate account, where we use them in this
contract without qualification, mean the Pruco Life of New Jersey Variable
Appreciable Account (PLVAA) and any other separate account that we establish.

PLVAA is a unit investment trust registered with the SEC under the Investment
Company Act of 1940.

We established PLVAA to support variable life insurance contracts. We own the
assets of this separate account; we keep them separate from the assets of our
general account. We guarantee that the expense and mortality results of the
account will not adversely affect the dollar amounts of values, benefits or
payments under this contract.

SUBACCOUNTS.--A separate account may have several subaccounts. We list the
subaccounts in the Contract Data pages. You determine, using percentages, how
invested premium amounts will be allocated among the subaccounts. We may
establish additional subaccounts.

THE FUND.--The word fund, where we use it in this contract without
qualification, means the fund we identify in the Contract Data pages. The fund
is registered with the SEC under the Investment Company Act of 1940 as an
open-end diversified management investment company. The fund has several
portfolios; there is a portfolio that corresponds to each of the subaccounts of
PLVAA. We list these portfolios in the Contract Data pages.

SEPARATE ACCOUNT INVESTMENTS.--We use the assets of PLVAA to buy shares in the
fund. Each subaccount of PLVAA is invested in a specific portfolio. Income and
realized and unrealized gains and losses from assets in each of these
subaccounts are credited to, or charged against, that subaccount. This is
without regard to income, gains, or losses in our other investment accounts.

We will determine the value of the assets in PLVAA at the end of each business
day. When we use the term business day, we mean a day when the New York Stock
Exchange is open for trading. We might need to know the value of an asset on a
day that is not a business day or on which trading in that asset does not take
place. In this case, we will use the value of that asset as of the end of the
last prior business day on which trading took place.

Example: It we need to know the value of an asset on a Sunday, we will normally
use the value of the asset as of the end of business on Friday.

We will always keep assets in the separate account with a total value at least
equal to the amount of the investment amounts under contracts like this one. To
the extent those assets do not exceed this amount, we use them only to support
those contracts; we do not use those assets to support any other business we
conduct. We may use any excess over this amount in any way we choose.

If we create additional separate accounts, we may invest the assets in them in a
different way. But we will do so only with the consent of the SEC and, where
required, of the insurance regulator where this contract is delivered.

CHANGE IN INVESTMENT POLICY.--A portfolio of the fund might make a material
change in its investment policy. In that case, we will send you a notice of the
change. Within 60 days after you receive the notice, or within 60 days after the
effective date of the change, if later, you may transfer to the Fixed Account
any amounts in the subaccount investing in that portfolio.

CHANGE OF FUND.--A portfolio of the fund might, in our judgment, become
unsuitable for investment by a subaccount. This might happen because of a change
in investment policy, or a change in the laws or regulations, or because the
shares are no longer available for investment, or for some other reason. If that
occurs, we have the right to substitute another portfolio of the fund, or to
invest in a fund other than the one we show in the Contract Data pages. But we
would first seek the consent of the SEC and, where required, the insurance
regulator where this contract is delivered.

FIXED ACCOUNT

THE FIXED ACCOUNT.--If you choose, you may allocate all or part of your invested
premium amount to the fixed account. The fixed account is funded by the general
account of Pruco Life. The fixed account is credited with interest as described
under Guaranteed Interest and Excess Interest on page 14.

FIXED ACCOUNT OPTIONS.--We may have more than one fixed account option. We list
the fixed account option(s) in the Contract Data pages.

Page 12 (VALA--86) (NJ)

TRANSFERS

TRANSFERS AMONG SUBACCOUNTS AND INTO THE FIXED ACCOUNT.--You may transfer
amounts among subaccounts of PLVAA and into the Fixed Account as often as four
times in a contract year if the contract is not in default or if the contract is
being continued under the reduced paid up option. In addition, at any time
within the first two contract years, or within two years of the effective date
of any increase, the entire amount in all subaccounts may be transferred to the
fixed account. If we establish new separate accounts, transfers into or out of
these separate accounts will be allowed only with our consent. To make a
transfer, you must notify us in writing in a form that meets our needs. The
transfer will take effect on the date we receive your notice at our Service
Office.

TRANSFERS AMONG FIXED ACCOUNT OPTIONS AND INTO THE SUBACCOUNTS.--You may
transfer amounts among the available Fixed Account Options and into the
subaccounts only with our consent.

INVESTMENT AMOUNT AND ASSUMED RATE OF RETURN

INVESTMENT AMOUNT.--The investment amount for this contract is an amount we use
to compute the investment return. The investment amount is allocated among the
subaccounts. The amount of the investment amount and its allocation to
subaccounts depend on (1) how you choose to allocate net premiums; (2) whether
or not you transfer amounts among subaccounts and the fixed account; (3) the
investment performance of the subaccounts to which amounts are allocated or
transferred; (4) the deductions we make from the contract fund; (5) the amount
and timing of premium payments you make; (6) whether or not you take any loan;
and (7) whether or not you make any partial withdrawals or change the face
amount. The investment amount exists only if the contract is not in default past
the days of grace or if it is being continued as reduced paid-up insurance.

The investment amount at any time is equal to the contract fund, minus the
amount of any contract loan and interest accrued on the loan since the last
transaction date, minus the amount in the Fixed Account.

ASSUMED RATE OF RETURN.--The assumed rate of return is an effective rate of 4% a
year. This is the same as .01074598% a day compounded daily.

Page 13 (VALA--86) (NJ)

INSURANCE AMOUNT

The insurance amount on any date is equal to the greater of (1) the face amount,
which we show on the page 3, and (2) the contract fund divided by the net single
premium per $1 at the insured's attained age on that date.

CONTRACT FUND

CONTRACT FUND DEFINED.--On the contract date the contract fund is equal to the
invested premium amounts credited (see below), minus any of the charges
described in items (d) through (l) below which may have been due on that date.
On any day after that the contract fund is equal to what it was on the previous
day, plus any invested premium amounts credited, plus these items:

(a) any increase due to investment results in the value of the subaccounts
to which that portion of the contract fund that is in the investment
amount is allocated;

(b) guaranteed interest at an effective rate of 4% a year on that portion
of the contract fund that is not in the investment amount; and

and minus these items:

(d) any decrease due to investment results in the value of the subaccounts
to which that portion of the contract fund that is in the investment
amount is allocated;

(e) any amount charged against the investment amount for Federal or State
income taxes;

(f) a charge to guarantee the minimum death benefit;

(g) a charge for the cost of expected mortality;

(h) any charges for extra rating class;

(i) any charges for extra benefits;

(j) any charge for administration;

(k) any partial withdrawals; and

(l) any surrender charges and administrative charges that may result from
a partial withdrawal or a decrease in face amount.

We describe under Reinstatement on page 10 what the contract fund will be equal
to on any reinstatement date.

There is no contract fund for a contract in force as extended insurance.

INVESTED PREMIUM AMOUNT.--This is the portion of each premium paid that we will
add to the contract fund. It is equal to the premium paid minus the expense
charges described in the Contract Data pages under Schedule of Expense Charges
from Premium Payments.

GUARANTEED INTEREST.--We will credit interest each day on that portion of the
contract fund not in the investment amount. We will credit .01074598% a day,
which is equivalent to an effective rate of 4% a year.

EXCESS INTEREST.--We may credit interest in addition to the guaranteed interest
on that portion of the contract fund not in the investment amount. The rate of
any excess interest will be determined from time to time and will continue
thereafter until a new rate is determined. We may use different rates of excess
interest for different portions of the contract fund not in the investment
amount. We may from time to time guarantee rates of excess interest on some
portions of the contract fund.

COST OF EXPECTED MORTALITY.--On each Monthly Date, we will deduct a charge for
the cost of expected mortality. The amount deducted is computed as the annual
mortality rate multiplied by the coverage amount. The coverage amount is the
difference between the adjusted death benefit and the adjusted contract fund.
The adjusted death benefit is equal to the Insurance Amount multiplied by the
Factor for Adjusting the Insurance Amount (see Table of Adjustment Factors). If
the insurance amount equals the face amount, the adjusted contract fund is equal
to the tabular contract fund at the end of the month plus the excess, positive
or negative, of the actual contract fund, after deduction of any charges due on
the Monthly Date, over the tabular contract fund at the beginning of the month,
all multiplied by the Factor for Adjusting the Contract Fund. If the insurance
amount exceeds the face amount, the adjusted contract fund is equal to the net
single premium at the end of the month for the insurance amount on the Monthly
Date, all multiplied by the Factor for Adjusting the Contract Fund. The
adjustment factors depend on the month as shown in the table that follows.

(Continued on Next Page)

Page 14 (VALA--86) (NJ)

CONTRACT FUND (Continued)

We will not charge more than the maximum guaranteed rates, which are based on
the Insured's sex and attained age and the mortality table described in the
Basis of Computation. We may charge less. At least once every five years, but
not more often than once a year, we will consider the need to change the rates.
We will change them only if we do so for all contracts like this one dated in
the same year as this one.

CHARGE FOR EXTRA RATING CLASS.--If there is an extra charge because of the
rating class of the Insured, we will deduct it from the contract fund at the
beginning of each contract month. Any charge is included in the amount shown in
the Contract Data pages under Schedule of Monthly Deductions from the Contract
Fund.

CHARGES FOR ADMINISTRATION AND MINIMUM DEATH BENEFIT GUARANTEE.--On each monthly
date, we will deduct a charge for administration. We will also deduct a charge
for guaranteeing the minimum death benefit regardless of the investment
performance of the separate account. We show the amount of these charges in the
Contract Data pages under Schedule of Monthly Deductions from the Contract Fund.

- --------------------------------------------------------------------------------
TABLE OF ADJUSTMENT FACTORS
- --------------------------------------------------------------------------------
Factor for Adjusting Factor for Adjusting
Month the Insurance Amount the Contract Fund

February .076597042 .076481870
A month with 30 days .082059446 .081927252
A month with 31 days .084790207 .084649064

- --------------------------------------------------------------------------------

Page 15 (VALA--86)

CONTRACT VALUE OPTIONS

BENEFIT AFTER THE GRACE PERIOD.--If the contract is in default beyond its days
of grace, we will use any net cash value (which we describe under Cash Value
Option) to keep the contract in force as one of two kinds of insurance. One kind
is extended insurance. The second kind is reduced paid-up insurance. We describe
each below. You will find under Automatic Benefit which kind it will be. Any
extra benefit(s) will end as soon as the contract is in default past its days of
grace, unless the form that describes the extra benefit states otherwise.

There may be extra days of term insurance. This will occur if, on the day the
contract goes into default, the term of extended insurance provided by the net
cash value does not exceed 90 days, or the number of days the contract was in
force before the default began, if less. The number of extra days will be (1)
90, or the number of days the contract was in force before the default began, if
less, minus (2) the number of days of extended insurance that would be provided
by the net cash value if there were no contract debt. The extra days, if any.
start on the day after the last day of term insurance provided by the net cash
value, if any. If there is no such term insurance, the extra days start on the
day the contract goes into default. The term insurance for the extra days has no
cash value. There will be no extra days if you replace the extended insurance
with reduced paid-up insurance or you surrender the contract before the extra
days start.

REDUCED PAID-UP INSURANCE.--This will be paid-up variable life insurance on the
Insured's life. The death benefit may change from day to day, as we explain
below, but if there is no contract debt, it will not be less than a minimum
guaranteed amount. There will be cash values and loan values.

The minimum guaranteed amount of insurance will be computed by using the net
cash value at the net single premium rate determined as of the day the contract
went into default. The net single premium rate depends on the Insured's issue
age and sex and on the length of time since the contract date. The amount
payable in the event of death thereafter will be the greater of (a) the minimum
guaranteed amount and (b) the contract fund divided by the net single premium
per $1 at the Insured's attained age. In either case the amount will be adjusted
for any contract debt.

Except when it is provided as the automatic benefit, (see below), the reduced
paid-up insurance option will be available only when the guaranteed death
benefit under the option will be $5000 or more.

If we issued the contract in a rating class for which we do not provide extended
insurance, you may not allocate the contract fund of the reduced paid-up
insurance to any subaccount without our consent.

AUTOMATIC BENEFIT.--When the contract is in default, it will stay in force as
extended insurance. But it will stay in force as reduced paid-up insurance if
either of these statements applies: (1) We issued the contract in a rating class
for which we do not provide extended insurance; in this case the phrase No
Extended Insurance is in the Rating Class in the Contract Data pages. (2) The
amount of reduced paid-up insurance would be at least as great as the amount of
extended term insurance.

OPTIONAL BENEFIT.--You may choose to replace any extended insurance that has a
net cash value by reduced paid-up insurance. To make this choice, you must do so
in writing to us in a form that meets our needs, not more than three months
after the date the contract goes into default. You must also send the contract
to us to be endorsed.

(Continued on Next Page)

Page 16 (VALA--86)

CONTRACT VALUE OPTIONS (Continued)

1. If the contract is not in default: The cash value on surrender is the
contract fund, minus any surrender charge, consisting of a deferred sales charge
and a deferred underwriting and issue charge. The schedule of Maximum Surrender
Charges for this contract is in the Contract Data pages.

2. If the contract is in default during its days of grace: We will compute the
net cash value as of the date the contract went into default. But we will adjust
this value for any loan you take out or pay back, and any premium payments,
partial withdrawals or decreases in face amount you make in the days of grace.

3. If the contract is in default beyond its days of grace: The net cash value as
of any date will be the net value on that date of any extended insurance benefit
then in force. Or it will be the net value on that date of any reduced paid-up
insurance benefit then in force, less any contract debt.

Within 30 days after a contract anniversary, the net cash value of any extended
insurance will not be less than the value on that anniversary.

We will usually pay any cash value within seven days after we receive your
request and the contract at our Service Office. But we have the right to defer
paying the portion of the proceeds that is to come from the portion of the
contract fund in the PLVAA if (1) the New York Stock Exchange is closed; or (2)
the SEC requires that trading be restricted or declares an emergency. We have
the right to postpone paying you the remainder of the proceeds for up to six
months. If we do so for more than thirty days, we will pay interest at the rate
of 3% a year.

TABULAR VALUES.--We show tabular contract fund values and tabular cash values at
the end of contract years in the Contract Data pages. The tabular contract fund
at the end of any contract year is the amount which will then be in the contract
fund if all scheduled premiums have been paid on their due dates, there have
been no unscheduled premiums paid, there is no contract debt, the subaccounts
you have chosen earn exactly the assumed rate of return, we have credited no
excess interest, and we have deducted the maximum mortality and expense charges.
The tabular cash values are the amounts which, under the same conditions, will
then be used to provide extended insurance or reduced paid-up insurance or will
be paid in cash, if the maximum surrender charges are applied. The tabular cash
value shown is equal to the tabular contract fund value as of the same date
after deducting any surrender charges (at the maximum rate) from the tabular
contract fund value. (See Cash Value Option above.)

Page 17 (VALA--86)

LOANS

LOAN REQUIREMENTS.--After the first anniversary, you may borrow from us on the
contract. All these conditions must be met:

1. The Insured is living.

2. The contract is in force other than as extended insurance.

3. The contract debt will not be more than the loan value. (We explain these
terms below.)

4. As sole security for the loan, you assign the contract to us in a form that
meets our needs.

5. Except when used to pay premiums on this contract, the amount you borrow at
any one time must be at least $500.

If there is already contract debt when you borrow from us, we will add the new
amount you borrow to that debt.

CONTRACT DEBT.--Contract debt at any time means the loan on the contract, plus
the interest we have charged that is not yet due and that we have not yet added
to the loan.

LOAN VALUE.--You may borrow any amount up to the difference between the loan
value and any existing contract debt. At any time the loan value is 90% of the
cash value.

There is one exception. If the contract is in default, the loan value during the
days of grace is what it was on the date of default.

INTEREST CHARGE.--You may select either the Fixed Loan Rate Option or the
Variable Loan Rate Option. Both are described below. We show on page 3 the
option you have selected. You may request a change to the loan rate option at
any time. If we agree, we will tell you the effective date of the change.

FIXED LOAN RATE OPTION.--We charge interest daily on any loan at the effective
rate of 5 1/2% a year. Interest is due on each contract anniversary, or when the
loan is paid back if that comes first. If interest is not paid when due. it
becomes part of the loan. Then we start to charge interest on it, too.

On the anniversary in 1996 we will have charged about $44 interest. The interest
will then be due.

Example 4: Suppose the $44 interest in example 3 was paid on the anniversary.
The loan and contract debt each became $1,600 right after the payment.

VARIABLE LOAN RATE OPTION.--We charge interest daily on any loan. Interest is
due on each contract anniversary, or when the loan is paid back it that comes
first. If interest is not paid when due, it becomes part of the loan. Then we
start to charge interest on it, too.

The loan interest rate is the annual rate we set from time to time. The rate
will never be greater than is permitted by law. It will change only on a
contract anniversary.

Before the start of each contract year, we will determine the loan interest rate
we can charge for that contract year.

To do this, we will first find the rate that is the greater of (1) The Published
Monthly Average (which we describe below) for the calendar month ending two
months before the calendar month of the contract anniversary; and (2) 5%.

If that greater rate is at least 1/2% more than the loan interest rate we had
set for the current contract year, we have the right to increase the loan
interest rate by at least 1/2%, up to that greater rate. If it is at least 1/2%
less, we will decrease the loan interest rate to be no more than the greater
rate. We will not change the loan interest rate by less than 1/2%.

(Continued on Next Page)

Page 18 (VALA--86)

LOANS (Continued)

When you make a loan we will tell you the initial interest rate for the loan. We
will send you a notice it there is to be an increase in the rate.

The Published Monthly Average means:

1. Moody's Corporate Bond Yield Average--Monthly Average Corporates, as
published by Moody's Investors Service, Inc. or any successor to that service;
or

2. If that average is no longer published, a substantially similar average,
established by the insurance regulator where this contract is delivered.

EFFECT OF A LOAN.--When you take a loan, the amount of the loan continues to be
a part of the contract fund and continues to be credited with interest at the
guaranteed rate of 4% a year. If you have selected the Variable Loan Rate
Option, we will credit excess interest at an effective rate of not less than the
loan interest rate for the contract year less 5 1/2%. However, we will reduce
the portion of the contract fund allocated to the separate account and the fixed
account by the amount you borrow, and by loan interest that becomes part of the
loan because it is not paid when due.

On each transaction date, if there is a contract loan outstanding, we will
increase the portion of the contract fund in the fixed account and the separate
account by interest credits accrued on the loan since the last transaction date.
When you repay part or all of a loan we will increase the portion of the
contract fund in the separate account and the fixed account by the amount of
loan you repay, plus interest credits accrued on the loan since the last
transaction date. We will not increase the portion of the contract fund
allocated to the separate account and the fixed account by loan interest that is
paid before we make it part of the loan.

Only the amount of the investment amount will reject the investment results of
the subaccounts. Since the amount you borrow is removed from the portion of the
contract fund allocated to the separate account and the fixed account, a loan
may have a permanent effect on the net cash value of this contract and also on
any death benefit in excess of the guaranteed death benefit. The longer the loan
is outstanding, the greater this effect is likely to be.

POSTPONEMENT OF LOAN.--We will usually make a loan within seven days after we
receive your request at our Service Office. But we have the right to defer
making the portion of the loan that is to come from the portion of the contract
fund in the PLVAA if (1) the New York Stock Exchange is closed; or (2) the SEC
requires that trading be restricted or declares an emergency. We have the right
to postpone paying you the remainder of the proceeds of a loan for up to six
months, unless it will be used to pay premiums on this or other contracts with
us.
Page 19 (VALA--86)

SETTLEMENT OPTIONS

CHOOSING AN OPTION.--A Payee may choose an option for all or part of any
proceeds or residue that becomes payable to him or her in one sum. We describe
residue later on this page.

In some cases, a Payee will need our consent to choose an option. We describe
these cases under Conditions.

OPTIONS DESCRIBED.--Here are the options we offer. We may also consent to other
arrangements.

LIFE INCOME OPTION.--We will make equal monthly payments for as long as the
person on whose life the settlement is based lives, with payments certain for a
10-year period (10-Year Certain). The amount of each payment will be based on
the Life Income Option Table and on the sex and age, on the due date of the
first payment, of the person on whose life the settlement is based. That person
must be a Payee. But if a choice is made more than two years after the Insured's
death, we may use the Life Income Option payment rates in individual annuity
contracts or life insurance contracts we regularly issue, based on United States
currency, on the due date of the first payment. On request, we will quote the
payment rates in contracts we then issue. We must have proof of the date of
birth of the person on whose life the settlement is based. If on the due date of
the first payment under this option, we have declared a higher payment rate
under the option, we will base the payments on that higher rate.

INTEREST PAYMENT OPTION.--We will hold an amount at interest. We will pay
interest at an effective rate of at least 3% a year ($30.00 annually, $14.89
semi-annually, $7.42 quarterly or $2.47 monthly per $1,000). We may pay more
interest.

SUPPLEMENTAL LIFE ANNUITY OPTION.--Any Payee may choose to receive all or part
of the proceeds of this contract in the form of payments like those of any
annuity or life annuity we then regularly issue. But that annuity must (1) be
based on United States currency; (2) be bought by a single sum; (3) not provide
for dividends; and (4) not normally provide for deferral of the first payment.
For purposes of this option only, the words we, our and us include our parent
company, The Prudential Insurance Company of America, which has agreed to make
settlements under this option.

The payment will be at least what we would pay under the chosen kind of annuity
with its first payment due on its contract date.

The phrase regularly issue does not include contracts that are used to qualify
for special federal income tax treatment as a retirement plan unless this
contract has been issued as part of such a plan. At least one of the persons on
whose life this Option is based must be a Payee. We must have proof of the date
of birth of any person on whose life the option is based. This Option cannot be
chosen more than 30 days before the due date of the first payment. On request,
we will quote the payment that would apply for any amount placed under the
option at that time.

FIRST PAYMENT DUE DATE.--Unless a different date is stated when the option is
chosen: (1) the first payment for the Interest Payment Option will be due at the
end of the chosen payment interval; and (2) the first payment for any of the
other options will be due on the date the option takes effect.

RESIDUE DESCRIBED.--For the Life Income Option and the Supplemental Life Annuity
Option, residue on any date means the then present value of any unpaid payments
certain. For the Life Income Option, we will compute it at an effective interest
rate of 3 1/2% a year. But we will use the interest rate we used to compute the
actual Life Income Option payments if they were not based on the table in this
contract. For the Supplemental Life Annuity Option, we will use the interest
rate we would use for the chosen kind of annuity with the same provisions as to
withdrawal.

For the Interest Payment Option, residue on any date means any unpaid balance
with interest to that date.

For the Life Income Option and the Supplemental Life Annuity Option, residue
does not include the value of any payment that may become due after the certain
period.

WITHDRAWAL OF RESIDUE.--Unless otherwise stated when the option is chosen: (1)
under the Life Income Option and the Supplemental Life Annuity Option the
residue may be withdrawn; and (2) under the Interest Payment Option all, or any
part not less than $100, of the residue may be withdrawn. If the Interest
Payment Option residue is reduced to less than $1,000, we have the right to pay
it in one sum. Under the Life Income Option and the Supplemental Life Annuity
Option, withdrawal of the residue will not affect any payments that may become
due after the certain period; the value of those payments cannot be withdrawn.
Instead, the payments will start again if they were based on the life of a
person who lives past the certain period.

(Continued on Next Page)

Page 20 (VALA--86)

SETTLEMENT OPTIONS (Continued)

DESIGNATING CONTINGENT PAYEE(S).--A Payee under an option has the right, unless
otherwise stated, to name or change a contingent payee to receive any residue at
the Payee's death. This may be done only if (1) the Payee has the full right to
withdraw the residue; or (2) the residue would otherwise have been payable to
that Payee's estate at death.

A payee who has the right may choose, or change the choice of, an option for all
or part of the residue. In some cases, the Payee will need our consent to choose
or change an option. We describe these cases under Conditions.

Any request to exercise any of these rights must be in writing and in a form
that meets our needs. It will take effect only when we file it at our Service
Office. Then the interest of anyone who is being removed will end as of the date
of the request, even if the Payee who made the request is not living when we
file it.

CHANGING OPTIONS.--A Payee under the Interest Payment Option may choose another
option for any sum that the Payee could withdraw on the date the chosen option
is to start. That date may be before the date the Payee makes the choice only if
we consent. In some cases, the Payee will need our consent to choose or change
an option. We describe these cases next.

CONDITIONS.--Under any of these conditions, our consent is needed for an option
to be used for any person:

1. The person is not a natural person who will be paid in his or her own
right.

2. The person will be paid as assignee.

3. The amount to be held for the person under the Interest Payment Option is
less than $1,000. But we will hold any amount for at least one year in
accord with the Automatic Mode of Settlement.

4. Each payment to the person under the option would be less than $20.

5. The option is for residue arising other than at (a) the Insured's death, or
(b) the death of the beneficiary who was entitled to be paid as of the date
of the Insured's death.

6. The option is for proceeds that arise other than from the Insured's death,
and we are settling with an owner or any other person who is not the
Insured.

DEATH OF PAYEE.--If a Payee under an option dies and if no other distribution is
shown, we will pay any residue under that option in one sum to the Payee's
estate.

AUTOMATIC MODE OF SETTLEMENT

APPLICABILITY.--These provisions apply to proceeds arising from the Insured's
death and payable in one sum to a Payee who is a beneficiary. They do not apply
to any periodic payment.

INTEREST ON PROCEEDS.--We will hold the proceeds at interest under Interest
Payment Option of the Settlement Options provision. The Payee may withdraw the
residue. We will pay it promptly on request. We will pay interest annually
unless we agree to pay it more often. We have the right to pay the residue in
one sum after one year if (1) the Payee is not a natural person who will be paid
in his or her own right; (2) the Payee will be paid as assignee; or (3) the
original amount we hold under Interest Payment Option for the Payee is less than
$1,000.

SETTLEMENT AT PAYEE'S DEATH.--If the Payee dies and leaves an Interest Payment
Option residue, we will honor any contingent payee provision then in effect. If
there is none, here is what we will do. We will look to the beneficiary
designation of the contract; we will see what other beneficiary(ies), if any,
would have been entitled to the portion of the proceeds that produced the
Interest Payment Option residue if the Insured had not died until immediately
after the Payee died. Then we will pay the residue in one sum to such other
beneficiary(ies}, in accord with that designation. But if, as stated in that
designation, payment would be due the estate of someone else, we will instead
pay the estate of the Payee.

Example: Suppose the class 1 beneficiary is Jane and the class 2 beneficiaries
are Paul and John. Jane was living when the Insured died. Jane later died
without having chosen an option or naming someone other than Paul and John as
contingent payee. If Paul and John are living at Jane's death we owe them the
residue. If only one of them is living then, and if the contract called for
payment to the survivor of them, we owe him the residue. It neither of them is
living then, we owe Jane's estate.

SPENDTHRIFT AND CREDITOR.--A beneficiary or contingent payee may not, at or
after the Insured's death, assign, transfer, or encumber any benefit payable. To
the extent allowed by law, the benefits will not be subject to the claims of any
creditor of any beneficiary or contingent payee.

Page 21 (VALA--86)

SETTLEMENT OPTIONS (Continued)

LIFE INCOME OPTION TABLE
10-YEAR CERTAIN

- --------------------------------------------------------------------------------
MINIMUM AMOUNT OF MONTHLY PAYMENT FOR EACH $1,000, THE FIRST
PAYABLE IMMEDIATELY

- --------------------------------
AGE
LAST
BIRTHDAY Male Female
- --------------------------------
10 $3.18 $3.11
and under
11 3.19 3.12
12 3.20 3.13
13 3.21 3.14
14 3.22 3.15

15 3.24 3.16
16 3.25 3.17
17 3.27 3.19
18 3.28 3.20
19 3.30 3.21

20 3.31 3.22
21 3.33 3.24
22 3.35 3.25
23 3.36 3.26
24 3.38 3.28

25 3.40 3.30
26 3.42 3.31
27 3.45 3.33
28 3.47 3.35
29 3.49 3.37

30 3.52 3.39
31 3.54 3.41
32 3.57 3.43
33 3.60 3.45
34 3.63 3.47

35 3.66 3.50
36 3.69 3.52
37 3.72 3.55
38 3.76 3.58
39 3.80 3.61

40 3.84 3.64
41 3.88 3.67
42 3.92 3.70
43 3.97 3.74
44 4.01 3.78

- ---------------------------------

- ---------------------------------
AGE
LAST
BIRTHDAY Male Female
- ---------------------------------
45 $4.06 $3.82
46 4.12 3.86
47 4.17 3.90
48 4.23 3.94
49 4.28 3.99

50 4.35 4.04
51 4.41 4.09
52 4.48 4.15
53 4.55 4.21
54 4.82 4.27

55 4.70 4.33
56 4.78 4.40
57 4.86 4.47
58 4.95 4.54
59 5.05 4.62

60 5.15 4.71
61 5.25 4.79
62 5.36 4.89
63 5.48 4.98
64 5.60 5.09

65 5.73 5.20
66 5.87 5.31
67 6.01 5.43
68 6.15 5.56
69 6.30 5.70

70 6.46 5.84
71 6.62 5.99
72 6.79 6.15
73 6.96 6.31
74 7.13 6.49

75 7.30 6.67
76 7.48 6.85
77 7.66 7.04
78 7.83 7.24
79 8.00 7.44

80 8.17 7.64
and over

- ---------------------------------

Page 22 (VALA--86)

BENEFICIARY

When a beneficiary is designated, any relationship shown is to the Insured,
unless otherwise stated. To show priority, we may use numbered classes, so that
the class with first priority is called class 1, the class with next priority
is called class 2, and so on. When we use numbered classes, these statements
apply to beneficiaries unless the form states otherwise;

1. One who survives the Insured will have the right to be paid only if no one
in a prior class survives the Insured.

2. One who has the right to be paid will be the only one paid if no one else
in the same class survives the Insured.

3. Two or more in the same class who have the right to be paid will be paid in
equal shares.

4. If none survives the Insured, we will pay in one sum to the Insured's
estate.

Beneficiaries who do not have a right to be paid under these terms may still
have a right to be paid under the Automatic Mode of Settlement.

Before we make a payment, we have the right to decide what proof we need of the
identity, age or any other facts about any persons designated as beneficiaries.
It beneficiaries are not designated by name and we make payment(s) based on that
proof, we will not have to make the payment(s) again.

CONTRACT SUMMARY (Continued from Page 5)
- ---------------------------------------------------------------------------------------------------------
TABLE OF BASIC AMOUNTS
- ---------------------------------------------------------------------------------------------------------
When the proceeds arise from the Insured's death:
- ---------------------------------------------------------------------------------------------------------
And The Contract Is In Force: Then The Basic Amount Is: And We Adjust The Basic
Amount For:
- ---------------------------------------------------------------------------------------------------------
and not in default past its days of the insurance amount (see page 14) contract debt (see page 18),
grace plus the amount of any extra benefits plus any charges due in the
arising from the insured's death days of grace (see page 9).
- ---------------------------------------------------------------------------------------------------------
as reduced paid-up insurance (see the amount of reduced contract debt.
page 16) paid-up insurance (see page 16)
- ---------------------------------------------------------------------------------------------------------
as extended insurance (see the amount of term insurance. if the nothing.
page 16) Insured dies in the term (see page
16); otherwise zero
- ---------------------------------------------------------------------------------------------------------
This Table is a part of the Contract Summary and of the Contract.
- ---------------------------------------------------------------------------------------------------------

Page 23 (VALA--86)

GUIDE TO CONTENTS
Page
----
Contract Summary .......................................................... 5
Table of Basic Amounts .................................................. 23

Contract Data ............................................................. 3
List of Contract Minimums;
List of Supplementary Benefits, if any;
Summary of Face Amount; Schedule of
Premiums; Schedule of Expense Charges
from Premium Payments; Schedule of
Monthly Deductions from Contract Fund;
Schedule of Maximum Surrender Charges;
List of Subaccounts and Portfolios;
List of Fixed Account Options; Schedule
of Initial Allocation of Net Premiums;
Service Office

Tabular Contract Fund and Tabular
Cash Values ............................................................. 4

General Provisions ........................................................ 6
Definitions; The Contract; Contract
Modifications; Non-participating; Service
Office; Ownership and Control;
Suicide Exclusion; Currency; Misstatement
of Age or Sex; Incontestability; Assignment;
Annual Report; Increase in Face Amount
at Age 21 for Contracts Issued at Age 14
or Lower; Payment of Death Claim

Basis of Computation ...................................................... 7
Mortality Tables Described; Interest Rate;
Exclusions; Values after 20 Contract Years;
Minimum Legal Values

Premium Payment and Reinstatement ......................................... 8
Payment of Premiums; Scheduled Premiums;
Unscheduled Premiums; Premium Change on
Contract Change Date(s); Allocations; Default; Grace
Period; Premium Account; Reinstatement

Changing The Face Amount and
Partial Withdrawals ..................................................... 10
Face Amount; Increase in Face
Amount; Decrease in Face Amount;
Partial Withdrawals

Separate Account .......................................................... 12
The Separate Account; Subaccounts; The Fund;
Separate Account Investments; Change in
Investment Policy; Change of Fund

Fixed Account ............................................................. 12
The Fixed Account; Fixed Account Options

Transfers ................................................................. 13
Transfers Among Subaccounts and into the Fixed
Account; Transfers Among Fixed Account
Options and into the Subaccounts

Investment Amount and Assumed Rate of Return .............................. 13
Investment Amount; Assumed Rate of Return;

Insurance Amount .......................................................... 14

Contract Fund ............................................................. 14
Contract Fund Defined; Invested Premium
Amount; Guaranteed Interest; Excess Interest,
Cost of Expected Mortality; Charge for
Extra Rating Class; Charge for Extra
Benefits; Charges for Administration and Minimum
Death Benefit Guarantee; Schedule of Other Charges

Table of Adjustment Factors ............................................... 15

Contract Value Options .................................................... 16
Benefit After the Grace Period; Extended
Insurance; Reduced Paid-up
Insurance; Computations; Automatic
Benefit; Optional Benefit; Cash Value
Option; Tabular Values

Loans ..................................................................... 18
Loan Requirements; Contract Debt; Loan
Value; Interest Charge; Fixed Loan Rate Option;
Variable Loan Rate Option; Repayment; Effect
of a Loan; Excess Contract Debt; Postponement
of Loan

Settlement Options ........................................................ 20
Payee Defined; Choosing an Option;
Options Described; Life Income Option;
Interest Payment Option; Supplemental
Life Annuity Option;
First Payment Due Date; Residue Described;
Withdrawal of Residue; Designating
Contingent Payee(s); Changing Options;
Conditions; Death of Payee

Automatic Mode of Settlement .............................................. 21
Applicability; Interest on Proceeds;
Settlement at Payee's Death;
Spendthrift and Creditor

Life Income Option Table .................................................. 22

Beneficiary ............................................................... 23

Any Supplementary Benefits and a copy
of the application follow page 24.

Page 24 (VALA--86)

-
----------------------------------------------------===============================================================================
Part 1 Application for Life Insurance to
THE PRUDENTIAL [LOGO] [ ] The Prudential Insurance Company of America
[ ] Pruco Life Insurance Company*
[ ] Pruco Life Insurance Company of New Jersey*
*A Subsidiary of The Prudential Insurance Company of
America
No.
-
-----------------------------------------------------------------------------------------------------------------------------------
1a. Proposed Insured's name--first, initial, last (Print) 1b. Sex 2a. Date of birth 2b. Age
2c. Place of birth
M F Mo. Day Yr.
[ ] [ ]
-
-----------------------------------------------------------------------------------------------------------------------------------
3. [ ] Single [ ] Married [ ] Widowed [ ] Separated [ ] Divorced 4. Social Security No. / /
-
-----------------------------------------------------------------------------------------------------------------------------------
5a. Occupation(s) 5b. Duties
-
-----------------------------------------------------------------------------------------------------------------------------------
6. Address for mail No. Street City
State Zip

-
-----------------------------------------------------------------------------------------------------------------------------------
7a. Kind of policy 7b. Initial amount 8.
Accidental death coverage
$ initial
amount
If a Variable contract is applied for complete appropriate suitability form. $
-
-----------------------------------------------------------------------------------------------------------------------------------
9. Beneficiary: (Include name, age and relationship.) 10.List all life insurance on proposed Insured. Check
here if None [ ]
a. Primary (Class 1): Company Initial Yr.
Kind Medical
amt. issued (Indiv.,
Group) Yes No

____________________________________________________
[ ] [ ]

________________________________________________________________________
_______________________________________________________
[ ] [ ]

________________________________________________________________________
b. Contingent (Class 2) if
any: [ ] [ ]

________________________________________________________________________

____________________________________________________
[ ] [ ]

________________________________________________________________________

[ ] [ ]
-
-----------------------------------------------------------------------------------------------------------------------------------
11. Other person(s) proposed for coverage including the Applicant for Applicant's Waiver of Premium benefit (AWP)
Relationship to Date of birth
Total life insurance
Name--first, initial, last Sex proposed Insured Mo. Day Yr. Age Place of birth in
all companies
a. Spouse $
___________________________________________________________________________________________________________________________________
b. $
___________________________________________________________________________________________________________________________________
c. $
___________________________________________________________________________________________________________________________________
d. $
___________________________________________________________________________________________________________________________________
e. $
___________________________________________________________________________________________________________________________________
f. $
-
-----------------------------------------------------------------------------------------------------------------------------------
12. Supplementary benefits and riders: a. For proposed Insured b. For spouse, children, Applicant for AWP
Type and duration of benefit Amount Type and duration of benefit
Amount
$ $
___________________________________________________________________________________________________________________________________
$ $
___________________________________________________________________________________________________________________________________
$ $
___________________________________________________________________________________________________________________________________
$ $
___________________________________________________________________________________________________________________________________
[ ] Option to Purchase Additional Ins. $ [ ] Applicant's Waiver of Premium benefit
-
-----------------------------------------------------------------------------------------------------------------------------------
13. State any special request.

-
-----------------------------------------------------------------------------------------------------------------------------------
14. Has any person named in 1a or 11, within the last 12 months:
a. been treated by a doctor for or had a known heart attack, stroke or cancer (including melanoma)
other Yes No
than of the skin?
............................................................................................. [ ] [ ]
b. had an electrocardiogram for any physical complaint, or taken medication for high blood pressure?
............. [ ] [ ]
-
-----------------------------------------------------------------------------------------------------------------------------------
15. Premium payable [ ] Ann. [ ] Semi-Ann. [ ] Quar. [ ] Mon. [ ] Pay. Budg. [ ] Pru-Matic [ ] Gov't.
Allot.
-
-----------------------------------------------------------------------------------------------------------------------------------
16. Amount paid $ [ ] None (Must be "None" if either 14a or b is answered
"Yes".)
-
-----------------------------------------------------------------------------------------------------------------------------------
17. Is a medical examination to be made
on: Yes No
a. the proposed Insured?
......................................................................................... [ ] [ ]
b. spouse (if proposed for coverage)?
............................................................................ [ ] [ ]
-
-----------------------------------------------------------------------------------------------------------------------------------
18. If 17a or b is "Yes", is it agreed that no insurance will take effect on anyone proposed for coverage
until Yes No
the person(s) indicated in 17 have been examined, even if 16 shows that an amount has been paid?
................. [ ] [ ]
-
-----------------------------------------------------------------------------------------------------------------------------------

- ------------
ORD 84376-86 New Jersey Page 1 (Continued on page 2)
- ------------

-
-----------------------------------------------------------------------------------------------------------------------------------
Continuation of Part 1 of Application
-
-----------------------------------------------------------------------------------------------------------------------------------
19. Will this insurance replace or change any existing insurance or annuity in any company on any person
named Yes No
in 1a or 11? If "Yes", give their names, name of company, plan, amount, policy numbers and enclose
any [ ] [ ]
required state replacement form(s).

-
-----------------------------------------------------------------------------------------------------------------------------------
20. Is anyone applying for, or trying to reinstate, life or health insurance on any person named in 1a or 11
in Yes No
this or any company? If "Yes", give amount, details and
company. [ ] [ ]

-
-----------------------------------------------------------------------------------------------------------------------------------
21. Does any person named in 1a or 11 plan to live or travel outside the United States and Canada within
the Yes No
next 12 months? If "Yes", give country(ies), purpose and duration of
trip. [ ] [ ]

-
-----------------------------------------------------------------------------------------------------------------------------------
22. Has any person named in 1a or 11 operated or had any duties aboard an aircraft, glider, balloon, or
like Yes No
device, within the last 2 years, or does any such person have any plans to do so in the future? If
"Yes", [ ] [ ]
complete Aviation Questionnaire.
-
-----------------------------------------------------------------------------------------------------------------------------------
23. Has any person named in 1a or 11 engaged in hazardous sports such as: auto, motorcycle or power
boat Yes No
sports; bobsledding, scuba or skin diving; mountain climbing; parachuting or sky diving;
snowmobile [ ] [ ]
racing or any other hazardous sport or hobby within the last 2 years or does any such person plan to
do so in the future? If "Yes", complete Avocation Questionnaire.
-
-----------------------------------------------------------------------------------------------------------------------------------
24. Has any person (age 15 or over) named in 1a or 11 in the last 3
years: Yes No
a. had a driver's license denied, suspended or revoked?
......................................................... [ ] [ ]
b. been convicted of three or more moving violations of any motor vehicle law or of driving while under
the influence of alcohol or drugs?
........................................................................... [ ] [ ]
c. been involved as a driver in 2 or more auto accidents?
....................................................... [ ] [ ]
If "Yes", give name, driver's license number and state of issue, type of violation and reason for license
denial, suspension or revocation.

-
-----------------------------------------------------------------------------------------------------------------------------------
25. a. Has the proposed Insured smoked cigarettes within the past twelve months? ..............................
Yes [ ] No [ ]
b. Has the spouse (if proposed for coverage) smoked cigarettes within the past twelve months? .............
Yes [ ] No [ ]
c. If the proposed Insured or spouse has ever smoked cigarettes, cigars or a pipe, show date(s) last smoked:
Cigarettes Cigars Pipe
Proposed Insured Mo. _______ Yr. _______ Mo. _______ Yr. _______ Mo._______ Yr.
_______
Spouse Mo. _______ Yr. _______ Mo. _______ Yr. _______ Mo._______ Yr.
_______
-
-----------------------------------------------------------------------------------------------------------------------------------
26. Changes made by the Company.

-
-----------------------------------------------------------------------------------------------------------------------------------
To the best of the knowledge and belief of those who sign below, the statements in this application are complete
and true. It
is understood that, if any of the above statements (for example, the smoking data) is a material
misrepresentation, coverage
could be invalidated as a result. The beneficiary named in the application is for insurance payable upon death of
(1) the Insured,
and (2) an insured child after the death of the Insured if there is no insured spouse.

When the Company gives a Limited Insurance Agreement form, ORD 84376A-86 New Jersey, of the same date as this
Part 1, coverage
will start as shown in that form. Otherwise, no coverage will start unless: (1) a contract is issued, (2) it is
accepted, and (3)
the full first premium is paid while all persons to be covered are living and their health remains as stated in
Parts 1 and 2. If
all these take place, coverage will start on the contract date. If the Company makes a change as indicated in 26
it will be
approved by acceptance of the contract. But where the law requires written consent for any change in the
application, such change
can be made only if those who sign this form approve the change in writing. No agent can make or change a
contract, or waive any
of the Company's rights or needs.

Ownership: Unless otherwise asked for above, the owner of the contract will be (1) the applicant if other than
the proposed Insured,
otherwise (2) the proposed Insured. But this is subject to any automatic transfer of ownership stated in the
contract.

--------------------------------------------------------------------
Signature of Proposed Insured (If age 8 or over)

Dated at on , 19
- -----------------------------------------------------------
--------------------------------------------------------------------
(City/State) Signature of Applicant (If other than proposed
Insured --
If applicant is a firm or corporation, show that
company's name

Witness By
- -----------------------------------------------------------
--------------------------------------------------------------------
(Licensed agent must witness where required by law) (Signature and title of officer signing for that
company)

-
-----------------------------------------------------------------------------------------------------------------------------------

- ------------
ORD 84376-86 New Jersey Page 2
- ------------

PRUCO LIFE INSURANCE COMPANY OF NEW JERSEY No.
A SUBSIDIARY OF THE PRUDENTIAL INSURANCE COMPANY OF AMERICA xx xxx xxx

A Supplement to the Application for Life Insurance in which JOHN DOE is
named the proposed insured. The contract applied for is:

[ ] Variable Life Insurance [ ] Variable Appreciable Life Insurance
[ ] with Variable Insurance Amount
[x] with Fixed Insurance Amount

The person who signs below:

1. acknowledges receipt of the current prospectus for the contract
checked above:

2. UNDERSTANDS THAT THE DEATH BENEFIT (EXCEPT ANY SUPPLEMENTARY BENEFITS)
MAY GO UP OR DOWN DEPENDING ON THE CONTRACT'S INVESTMENT EXPERIENCE
BUT WILL NEVER BE LESS THAN THE GUARANTEED MINIMUM, IF PREMIUMS ARE
DULY PAID AND THERE IS NO CONTRACT DEBT;

3. UNDERSTANDS THAT THE CASH VALUES MAY GO UP OR DOWN DEPENDING ON THE
CONTRACT'S INVESTMENT EXPERIENCE AND THAT THERE IS NO GUARANTEED
MINIMUM CASH VALUE;

4. believes that this contract will meet insurance needs and financial
objectives; and

5. requests that the net premium payments (as described in the
prospectus) be allocated to the appropriate Pruco Life variable
contract account for the contract checked above as follows:

Subaccount Allocation+
---------- ----------
Bond 20% (BOND)

Money Market 20% (MMKT)

Common Stock 20% (CSTK)

Aggressively Managed Flexible 20% (AFLX)

Conservatively Managed Flexible 20% (CFLX)

_______________________________ __% ( )
Not available
for Variable Fixed Rate Option __% (FIXD)
Life Insurance
100%

+ If any portion of a net premium is allocated to a particular subaccount,
that portion must be at least 10% on the date the allocation takes effect.
All percentage allocations must be in whole numbers (e.g. 33% can be
selected, but 33 1/3% cannot).

NOTE: Upon request, we will furnish illustrations of benefits, including death
benefits and cash values, for (a) the variable life insurance contract
applied for and (b) a fixed benefit life insurance contract for the same
premium.

Date Signature of Applicant

August 25, 1986 /s/ JOHN DOE
- -------------------------------- -----------------------------------

- ---------
PLY 70-86
- ---------

ENDORSEMENTS

(Only we can endorse this contract.)

Page 25 (VALA--86) (N)

Page 26

MODIFIED PREMIUM VARIABLE LIFE INSURANCE POLICY. INSURANCE PAYABLE ONLY UPON
DEATH. SCHEDULED PREMIUMS PAYABLE THROUGHOUT INSURED'S LIFETIME. PROVISIONS FOR
OPTIONAL ADDITIONAL PREMIUMS. CASH VALUES REFLECT PREMIUM PAYMENTS, INVESTMENT
RESULTS AND CHARGES. GUARANTEED DEATH BENEFIT IF SCHEDULED PREMIUMS DULY PAID
AND NO CONTRACT DEBT OR WITHDRAWALS. INCREASE IN FACE AMOUNT AT ATTAINED AGE 21
IF CONTRACT ISSUED AT AGE 14 OR LOWER. NON-PARTICIPATING.

VALA--86 - N

Exhibit 26(d)(iii)

PRUCO LIFE INSURANCE COMPANY OF NEW JERSEY
NEWARK, NEW JERSEY
A Stock Company Subsidiary of The Prudential Insurance Company of America

================================================================================

Insured JOHN DOE xx xxx xxx Policy Number
JUN 4, l986 Contract Date
Face Amount $50,000--

Premium Period LIFE
Agency R-NK 1

================================================================================

We will pay the beneficiary the proceeds of this contract promptly if we
receive due proof that the Insured died. We make this promise subject to
all the provisions of the contract.

The Death Benefit will be the insurance amount, plus the amount of any
extra benefit (unless the contract is in default or there is contract
debt). The Death Benefit may be fixed or variable depending on the payment
of premiums, the investment experience of the separate account and the
level of charges made. But the Insurance Amount will not be less than the
face amount. (We describe the insurance amount on page 14.)

The cash value may increase or decrease daily depending on the payment of
premiums, the separate account investment experience and the charges made.
There is no guaranteed minimum.

We specify a schedule of premiums. Additional unscheduled premiums may be
paid at your option subject to the limitations in the contract.

RIGHT TO CANCEL CONTRACT.--You may return this contract to us within (1) 10
days after you get it, or (2) 45 days after Part 1 of the application was
signed, or (3) 10 days after we mail or deliver to you any Withdrawal Right
notice, whichever is latest. All you have to do is take the contract or
mail it to one of our offices or to the representative who sold it to you.
It will be canceled from the start and we will promptly give you the value
of your Contract Fund on the date you return the contract to us. We will
also give back any charges we made in accord with this contract.

Signed for Pruco Life Insurance Company of New Jersey
a New Jersey Corporation

/s/ [SPECIMEN] /s/ [SPECIMEN]
Secretary President

MODIFIED PREMIUM VARIABLE LIFE INSURANCE POLICY WITH VARIABLE INSURANCE AMOUNT.
INSURANCE PAYABLE ONLY UPON DEATH. SCHEDULED PREMIUMS PAYABLE THROUGHOUT
INSURED'S LIFETIME. PROVISION FOR OPTIONAL ADDITIONAL PREMIUMS. BENEFITS REFLECT
PREMIUM PAYMENTS, INVESTMENT RESULTS AND MORTALITY CHARGES. GUARANTEED MINIMUM
DEATH BENEFIT IF SCHEDULED PREMIUMS DULY PAID AND NO CONTRACT DEBTOR OR
WITHDRAWALS. INCREASE IN FACE AMOUNT AT ATTAINED AGE 21 IF CONTRACT ISSUED AT
AGE 14 OR LOWER. NON-PARTICIPATING.

VALB--86--N

ENDORSEMENTS
(Only we can endorse this contract.)

Page 2 (VALB--86)

CONTRACT DATA

INSURED'S SEX AND ISSUE AGE M-35
INSURED JOHN DOE XX XXX XXX POLICY NUMBER
FACE AMOUNT $50,000-- SEP 10, 1986 CONTRACT DATE

PREMIUM PERIOD LIFE

AGENCY R-NK 1

BENEFICIARY CLASS 1 MARY DOE, WIFE
CLASS 2 ROBERT DOE, SON

FIXED LOAN INTEREST RATE

LIST OF CONTRACT MINIMUMS

THE MINIMUM UNSCHEDULED PREMIUM IS $25.
THE MINIMUM INCREASE IN FACE AMOUNT IS $25,000.
THE MINIMUM DECREASE IN FACE AMOUNT IS $10,000.
THE MINIMUM FACE AMOUNT IS $50,000.

***** END OF LIST *****

LIST OF SUPPLEMENTARY BENEFITS
***** NONE *****

SUMMARY OF FACE AMOUNT

EFFECTIVE RATING CONTRACT CHANGE
AMOUNT DATE CLASS DATE

INITIAL $50,000-- SEP 10, 1986 NONSMOKER SEP 10, 2016

***** END OF SUMMARY *****

SCHEDULE OF PREMIUMS

PLANNED PAYMENT DATES OF SCHEDULED PREMIUMS OCCUR ON THE CONTRACT DATE AND AT
INTERVALS OF 12 MONTHS AFTER THAT DATE.

SCHEDULED PREMIUMS ARE $ 468.00 EACH
CHANGING ON SEP 10, 2016 TO $2903.50 EACH

***** END OF SCHEDULE *****

CONTRACT DATA CONTINUED ON NEXT PAGE

PAGE 3 (86)

CONTRACT DATA CONTINUED POLICY NO. XX XXX XXX

SCHEDULE OF EXPENSE CHARGES FROM PREMIUM PAYMENTS

FROM EACH PREMIUM PAID WE DEDUCT A PER-PAYMENT PROCESSING CHARGE OF UP TO $2.00.

***** END OF SCHEDULE *****

SCHEDULE OF MONTHLY DEDUCTIONS FROM THE CONTRACT FUND

THE MONTHLY ADMINISTRATION CHARGE IS NO MORE THAN $3.50. THE MONTHLY CHARGE TO
GUARANTEE THE MINIMUM DEATH BENEFIT IS NO MORE THAN $.50.

***** END OF SCHEDULE *****

***** SCHEDULE ON OTHER CHARGES *****

THERE IS A FEE OF UP TO $15 FOR ANY PARTIAL WITHDRAWAL OR DECREASE IN FACE
AMOUNT.
***** END OF SCHEDULE *****

SCHEDULE OF MAXIMUM SURRENDER CHARGES

***** END OF SCHEDULE *****

CONTRACT DATA CONTINUED ON NEXT PAGE

PAGE 3A (86)

CONTRACT DATA CONTINUED POLICY NO. XX XXX XXX

LIST OF SUBACCOUNTS AND PORTFOLIOS

FUND
SUBACCOUNT PORTFOLIO
- ---------- ---------

MONEY MARKET NJ MONEY MARKET
BOND NJ BOND
COMMON STOCK NJ COMMON STOCK
AGGRESSIVELY MANAGED FNJ AGGRESSIVELY MANAGED FLX
CONSERVATIVELY MANAGED FNJ CONSERVATIVELY MANAGED FLX

***** END OF LIST *****

LIST OF FIXED ACCOUNT OPTIONS

FIXED RATE OPTION

***** END OF LIST *****

SCHEDULE OF INITIAL ALLOCATION OF NET PREMIUMS

MONEY MARKET SUBACCOUNT 25%
CONSERVATIVELY MANAGED FLX SUBACCOUNT 50%
FIXED RATE OPTION 25%

***** END OF SCHEDULE *****

SERVICE OFFICE - PLEASE DIRECT ANY COMMUNICATIONS ABOUT THIS CONTRACT TO:

PRUCO LIFE INSURANCE COMPANY OF NEW JERSEY
P.O. BOX XXXX, MINNEAPOLIS, MN XXXXX

PAGE 3B (86)

POLICY. NO. XX XXX XXX

TABULAR VALUES

WE EXPLAIN THIS TABLE UNDER CONTRACT FUND AND TABULAR VALUES. ACTUAL CONTRACT
FUND VALUES AND CASH VALUES MAY BE MORE OR LESS THAN AMOUNT SHOWN (SEE CONTRACT
FUND AND CASH VALUE OPTION.)

END OF TABULAR TABULAR
CONTRACT CONTRACT CASH
YEAR FUND VALUE
---- ---- -----
1 288.00 0.00
2 581.50 114.50
3 878.00 411.00
4 1178.00 711.00
5 1479.60 1012.50

6 1782.00 1408.50
7 2084.00 1804.00
8 2385.00 2198.20
9 2683.00 2590.10
10 2979.00 2979.00

11 3270.50 3270.50
12 3556.50 3556.50
13 3835.50 3835.50
14 4106.50 4106.50
15 4367.50 4367.50

16 4615.00 4615.00
17 4845.00 4845.00
18 5053.00 5053.00
19 5234.50 5234.50
20 5384.00 5384.00

ATTAINED
AGE
---
60 5490.50 5490.50
62 5105.00 5105.00
65 3750.00 3750.00

TABULAR CASH VALUES ARE THE TABULAR CONTRACT FUND VALUES MINUS A
SURRENDER CHARGE. WE SHOW ON A PRIOR CONTRACT PAGE WHAT THE
MAXIMUM SURRENDER CHARGE WILL BE.

Page 4(86)

CONTRACT SUMMARY

We offer this summary to help you understand this contract. We do not intend
that it change any of the provisions of the contract.

The face amount shown on page 3 is the guaranteed death benefit. The death
benefit will not decrease below the guaranteed death benefit if the contract is
not in default past its days of grace and there is no contract debt. (We
describe on page 9 the way the contract can go into default.) Subject to certain
requirements, you may increase or decrease the face amount. If the contract
remains in default past its days of grace the contract may end or it may stay
in force with reduced benefits. If either occurs, you may be able to reinstate
its full benefits.

Proceeds is a word we use to mean the amount we would pay if we were to settle
the contract in one sum. To compute the proceeds that may arise from the
Insured's death, we start with a basic amount. We may adjust that amount if
there is a loan or if the contract is in default. The table on page 23 tells
what the basic amount is. The amount depends on how the contract is in force.
The table will refer you to the parts of the contract that tell you how we
adjust the basic amount. If you surrender the contract, the proceeds will be the
net cash value. We describe it under Cash Value Option on page 17.

Proceeds often are not taken in one sum. For instance, on surrender, you may be
able to put proceeds under a settlement option to provide retirement income or
for some other purpose. Also, for all or part of the proceeds that arise from
the Insured's death, you may be able to choose a manner of payment for the
beneficiary. If an option has not been chosen, the beneficiary may be able to
choose one. We will pay interest under the Interest Payment Option from the date
of death on any proceeds to which no other manner of payment applies. This will
be automatic as we state on page 21. There is no need to ask for it

You and we may agree on a change in the ownership of this contract. Also, unless
we endorse it to say otherwise, the contract gives you these rights, subject to
certain limitations and requirements:

o You may change the beneficiary under it.

o You may borrow on it up to its loan value.

o You may surrender it for its net cash value.

o You may change the allocation of future net premiums among the subaccounts
and the fixed account.

o You may transfer amounts among subaccounts and the fixed account.

o You may change the face amount.

o You may withdraw a portion of the contract's value.

(Contract Summary Continued on Page 23)

Page 5 (VALB--86)(NJ)

GENERAL PROVISIONS

Definitions.--We define here some of the words and phrases used all through this
contract. We explain others, not defined here, in other parts of the text.

We, Our, Us and Company -- Pruco Life Insurance Company of New Jersey,
a New Jersey Corporation.

You and Your.--The owner of the Contract.

Insured.--The person named as the Insured on the first page. He or she need not
be the owner.

Example: Suppose we issue a contract on the life of your spouse. You applied for
it and named no one else as owner. Your spouse is the Insured and you are the
owner.

SEC.--The Securities and Exchange Commission.

PLVAA.-- The Pruco Life of New Jersey Variable Appreciable Account.

Issue Date.--The contract date.

Monthly Date.--The contract date and the same day as the contract date in each
later month.

Example: If the contract date is March 9, 1986, the Monthly Dates are each March
9, April 9, May 9 and so on.

Anniversary or Contract Anniversary.--The same day and month as the contract
date in each later year.

Example: If the contract date is March 9, 1986, the first anniversary is March
9, 1987. The second is March 9, 1988, and so on.

Contract Year.--A year that starts on the contract date or on an anniversary.

Example: If the contract date is March 9, 1986, the first contract year starts
then and ends on March 8, 1987. The second starts on March 9, 1987 and ends on
March 8, 1988, and so on.

Contract Month.--A month that starts on a Monthly Date.

Example: If March 9, 1986 is a Monthly Date, a contract month starts then and
ends on April 8, 1986. The next contract month starts on April 9, 1986 and ends
on May 8, 1986, and so on.

Attained Age.--The Insured's attained age at any time is the issue age plus the
length of time since the contract date. You will find the issue age near the top
of page 3.

The Contract.--This policy, and the attached copy of the initial application
together with copies of any subsequent applications to change the policy, and
any additional Contract Data pages added to this policy, form the whole
contract. We assume that all statements in the application were made to the best
of the knowledge and belief of the person(s) who made them; in the absence of
fraud they are deemed to be representations and not warranties. We relied on
those statements when we issued the contract. We will not use any statement,
unless made in an application, to try to void the contract or to deny a claim.

Contract Modifications.--Only a Company officer with the rank or title of Vice
President or above may agree to modify this contract, and then only in writing.

Non-participating.--This contract will not share in our profits or surplus
earnings. We will pay no dividends on it.

Service Office.--This is the office that will service this contract. Its mailing
address is the one we show on the Contract Data pages, unless we notify you of
another one.

Suicide Exclusion.--If the Insured, whether sane or insane, dies by suicide
within two years from the issue date, we will pay no more under this contract
than the sum of the premiums paid, minus any contract debt and minus any partial
withdrawals.

Currency.--Any money we pay, or that is paid to us, must be in United States
currency. Any amount we owe will be payable at our Service Office.

Misstatement of Age or Sex.--If the Insured's stated age or sex or both are not
correct, we will adjust each benefit and any amount to be paid to reflect the
correct age and sex. Any death benefit will be based on what the most recent
charge for mortality would have provided at the correct age and sex. Where
required, we have given the insurance regulator a detailed statement of how we
will make these changes.

(Continued on Next Page)

Page 6 (VALB--86) (NJ)

GENERAL PROVISIONS (Continued)

Incontestability.--Except as we state in the next sentence, we will not contest
this contract after it has been in force during the Insured's lifetime for two
years from the issue date. There are two exceptions: (1) non-payment of enough
premium to provide the required charges; and (2) any change in the contract that
requires our approval and that would increase our liability. For any such
change, we will not contest the change after it has been in effect during the
Insured's lifetime for two years from the date it takes effect.

Assignment.--We will not be deemed to know of an assignment unless we receive
it, or a copy of it, at our Service Office. We are not obliged to see that an
assignment is valid or sufficient.

Annual Report.--Each year we will send you a report. It will show: (1) the
current death benefit; (2) the investment amount; (3) the amount of the
investment amount in each subaccount; (4) the amount in the fixed account; (5)
the net cash value; (6) premiums paid, interest credited and monthly charges
deducted since the last report; (7) any partial withdrawals since the last
report; and (8) any contract debt and the interest on the debt for the prior
year. The report will also include any other data that may be currently required
where this contract is delivered. No report will be sent if this contract is
being continued under extended term insurance.

Increase in Face Amount at Age 21 for Contracts Issued at Age 14 or Lower.--If
this contract was issued at age 14 or lower, it shows on page 3 an increase in
face amount at attained age 21 which applies if the contract is not then in
default beyond its days of grace. Any references in the contract to face amount
or death benefit which apply at or after attained age 21 will be based upon the
increased face amount, unless otherwise stated.

Payment of Death Claim.--If we settle this contract in one sum as a death claim,
we will usually pay the proceeds within 7 days after we receive at our Service
Office proof of death and any other information we need to pay the claim. But we
have the right to defer paying portion of the proceeds greater than the minimum
guaranteed death benefit that is to come from the subaccounts if (1) the New
York Stock Exchange is closed; or (2) the SEC requires that trading be
restricted or declares an emergency.

BASIS OF COMPUTATION

Mortality Tables Described.--Except as we state in the next paragraph, (1) we
base all net premiums and net values to which we refer in this contract on the
Insured's issue age and sex and on the length of time since the contract date;
(2) we use the Commissioners 1980 Standard Ordinary Mortality Table; and (3) we
use continuous functions based on age last birthday.

For extended insurance, we base net premiums and net values on the Commissioners
1980 Extended Term Insurance Table.

Interest Rate.--For all net premiums and net values to which we refer in this
contract we use an effective rate of 4% a year.

Exclusions.--When we compute net values we exclude the value of any
Supplementary Benefits and any other extra benefits added by rider to this
contract.

Values After 20 Contract Years.--Tabular values not shown on page 4 will be the
net level premium reserves, taking into account modified premiums. To compute
them, we will use the mortality tables and interest rate we describe above.
There will be the same exclusions.

Minimum Legal Values.--The cash, loan and other values in this contract are at
least as large as those set by law where it is delivered. Where required, we
have given the insurance regulator a detailed statement of how we compute values
and benefits.

Pruco Life Insurance Company of New Jersey,

By /s/ ISABELLA L. KIRCHNER
---------------------------
Secretary

- ----------
PLIY 72-86
- ----------

Page 7 (VALB--86)(NJ)

PREMIUM PAYMENT AND REINSTATEMENT

Payment of Premiums.--Premiums may be paid at our Service Office or to any of
our authorized representatives. If we are asked to do so, we will give a signed
receipt.

Premium payments will in most cases be credited as of the date of receipt, to
both the premium account and the contract fund. (See Contract Fund, page 11 and
Premium Account, page 8.) Premium credits to the premium account are the full
premium paid with no deductions. Premium credits to the contract fund are the
invested premium amounts (see page 14). But in the following cases, to the
extent stated, premium payments will be credited as of a date other than the
date of receipt:

2. If a premium payment is received during the 61 day period after the day when
a scheduled premium was due and had not yet been paid, here is what we will do.
We will determine whether the premium account, (see Premium Account below), just
before receipt of that payment was a negative amount. If not--that is, if the
premium account was zero or higher--the premium payment will be credited as of
the date of receipt. But if the premium account was negative by no more than the
scheduled premium on the due date, that portion of the premium payment required
to bring the premium account up to zero will be credited to the premium account
as of the due date; any remaining portion of the premium payment will be
credited to the premium account as of the date of receipt. If the premium
account is negative by more than the scheduled premium then due, the premium
payment will be credited as of the date of receipt, except in the situation
described in 3 below.

3. On each Monthly Date we will determine if the contract is in default. (See
Default on page 8.) We will notify you of the minimum payment amount needed to
bring the contract out of default. If one or more premium payments are made
during the days of grace after that Monthly Date (see Grace Period on page 8),
we will credit to the contract fund and the premium account, as of the
applicable Monthly Dates, such parts of the payments as are needed to end the
default status; any remaining part of those premium payments will be credited to
the contract fund and premium account as of the date of receipt.

The scheduled premium shown is the minimum required, at the frequency chosen, to
continue the contract in full force if you pay all scheduled premiums when due,
you make no withdrawals, any interest credited and investment returns are at the
assumed rate, we deduct the maximum mortality and expense charge rate and any
contract debt does not exceed the cash value. An increase in the face amount
increases the scheduled premium.

We have the right to refuse any payment that increases the insurance amount by
more than it increases the contract fund.

Premium Change on Contract Change Date(s).--We show the Contract Change Date(s)
in the Contract Data pages. We also show in the Schedule of Premiums on page 3
that the amount of each scheduled premium will change on each Contract Change
Date and what the new premium will be. However, when a Contract Change Date
arrives we will recompute a new premium amount to be used in calculating the
premium account. The new premium that we recompute will be no greater than the
new premium for that date which we show on page 3. In addition, if the premium
account is less than zero, we will set the premium account to zero.

(Continued on Next Page)

Page 8 (VALB--86)

PREMIUM PAYMENT AND REINSTATEMENT (Continued)

Allocations.--You may allocate all or a part of your invested premium amount to
one or more of the subaccounts and fixed account option(s) listed in the
Contract Data pages. You may choose to allocate nothing to a particular
subaccount or fixed account option. But any allocation you make must be at least
10%; you may not choose a fractional percent.

Default.--Unless the contract is already in the grace period, on each Monthly
Date, after we deduct any charges from the contract fund (which we describe on
page 14) and add any credits to it, we will determine whether the contract is in
default. To do so, we will compute the amount which will accrue to the tabular
contract fund on the next Monthly Date if, during the current contract month:
(1) any interest credited and investment returns are at the assumed rate (see
Assumed Rate of Return on page 13); (2) we make the other charges and credits we
have set, including interest on contract debt; and (3) we receive no premiums or
loan repayments make no loans nor grant any partial withdrawals. We will
compare this amount to the contract fund. If this amount is not less than the
contract fund the contract is not in default. If this amount is less than the
Contract Fund the difference is the fund deficit. In this case the contract is
in default if the premium account, which we define below, is also less than
zero. See Excess Contract Debt on page 19 for another way the contract may end.

Grace Period.--The days of grace begin on any monthly date (other than the
contract date) on which the contract goes into default. We grant 61 days from
the date we mail you a notice of default to make the required payments which we
define below. During the days of grace we will continue to accept premiums and
make the charges we have set. If the monthly date was a scheduled premium due
date, when we receive a premium payment during the days of grace we will first
determine whether it satisfies case 2 under Payment of Premiums above. If it
does, the default will end. If it does not, or if the monthly date when the
contract went into default was not a scheduled premium due date, here is what we
will do:

Within 30 days after any default we will send you a notice that your contract is
in default. We will indicate the minimum payment required to keep your contract
in force and the length of the grace period for payment of such amount.

If the contract is still in default when the days of grace are over, it will end
and have no value, except as we state under Contract Value Options (which we
describe on page 16).

Premium Account.--On the contract date, the premium account is equal to the
premium credited on that date minus the scheduled premium then due. On any other
day, the premium account is equal to:

1. what it was on the prior day; plus

2. if the premium account was greater than zero on the prior day, interest on
the excess at 4% a year; minus

3. if the premium account was less than zero on the prior day, interest on the
amount of the deficit at 4% a year; plus

4. any premium credited on that day; minus

5. any scheduled premium due on that day; minus

6. any partial withdrawals on that day.

(Continued on Next Page)

Page 9 (VALB--86)

PREMIUM PAYMENT AND REINSTATEMENT (Continued)

Reinstatement.--If this contract is still in default after the last day of
grace, you may reinstate it, if all these conditions are met:

1. No more than three years must have elapsed since the date of default.

2. You must not have surrendered the contract for its net cash value.

3. You must give us any facts we need to satisfy us that the Insured is
insurable for the contract.

If we approve the reinstatement, these statements apply. The date of
reinstatement will be the date of your request or the date the required
premium is paid, if later. And we will start to make daily and monthly
charges and credits again as of the date of reinstatement.

CHANGING THE FACE AMOUNT AND PARTIAL WITHDRAWALS

Face Amount.--The face amount is shown on page 3. It will change if you increase
or decrease it.

Increase in Face Amount.--After the first contract year, you may be able to
increase the face amount once each contract year. Your right to do so is subject
to all these conditions and the paragraph that follows:

1. You must ask for the increase in writing and in a form that meets our
needs; if you are not the Insured and the Insured is age 8 or over, he or
she must sign the form too.

2. The amount of the increase must be at least equal to the minimum increase
in face amount, which we show on page 3.

3. You must give us any facts we need to satisfy us that the Insured is
insurable for the amount of the increase.

4. If we ask you to do so, you must send us the contract to be endorsed.

5. The contract must not be in default.

6. We must not have changed the basis on which benefits and charges are
calculated under newly issued contracts since the Issue Date.

7. You must make any required payment.

8. The insured must be eligible for the same rating class and benefits as
shown on page 3.

9. We must not be waiving premiums in accord with any Waiver of Premium
benefit that may be included in the contract.

An increase will take effect only if we approve your request for it at our
Service Office. If the increase is approved we will recompute the contract's
scheduled premiums, maximum surrender charges, tabular values, monthly
deductions and expense charges. We will send you new Contract Data pages showing
the amount and effective date of the increase and the recomputed values. If the
insured is not living on the effective date, the increase will not take effect.

(Continued on Next Page)

Page 10 (VALB--86)

CHANGING THE FACE AMOUNT AND PARTIAL WITHDRAWALS (Continued)

Decrease in Face Amount.--After the first contract year, you may be able to
decrease the face amount. Your right to do so is subject to all these conditions
and the paragraphs that follow:

1. You must ask for the decrease in writing and in a form that meets our
needs.

2. The amount of the decrease must be at least equal to the minimum decrease
in face amount, which we show on page 3.

3. The face amount after the decrease must be at least equal to the minimum
face amount, which we show on page 3.

4. It we ask you to do so, you must send us the contract to be endorsed.

We may deduct an administrative fee of up to $15.00, and a proportionate part of
any then applicable surrender charge from the contract fund.

Partial Withdrawals.--After the first contract year, you may be able to make
partial withdrawals from the contract. Your right to do so is subject to all
these conditions and the paragraphs that follow:

1. You must ask for the partial withdrawal in writing and in a form that meets
our needs.

2. The amount withdrawn, plus the net cash value after withdrawal, may not be
more than the net cash value before withdrawal.

3. The cash value after withdrawal must not be less than the tabular cash
value.

4. The amount you withdraw must be at least $500.

5. You may make up to four partial withdrawals in any contract year.

6. If we ask you to do so, you must send us the contract to be endorsed.

We may deduct an administrative fee of up to $15.00.

We will usually pay any partial withdrawal within seven days after we receive
your request and, if we request it, the contract at our Service Office. But we
have the right to defer paying the portion of the proceeds that is to come from
the portion of the contract fund in the PLVAA if (1) the New York Stock Exchange
is closed; or (2) the SEC requires that trading be restricted or declares an
emergency. We have the right to postpone paying you the remainder of the
proceeds for up to six months. If we do so for more than thirty days, we will
pay interest at the rate of 3% a year.

An amount withdrawn may not be repaid, except as an unscheduled premium subject
to charges.

We will tell you how much you may withdraw if you ask us.

Page 11 (VALB--86)(NJ)

SEPARATE ACCOUNT

The Separate Account.--The words separate account, where we use them in this
contract without qualification, mean the Pruco Life Variable Appreciable Account
(PLVAA) and any other separate account that we establish. PLVAA is a unit
investment trust registered with the SEC under the Investment Company Act of
1940. We established PLVAA to support variable life insurance contracts. We own
the assets of this separate account; we keep them separate from the assets of
our general account.

We guarantee that the expenses and mortality results of the account will not
adversely effect the dollar amounts of values, benefits or payments under this
contract.

Subaccounts.--A separate account may have several subaccounts. We list the
subaccounts in the Contract Data pages. You determine, using percentages, how
invested premium amounts will be allocated among the subaccounts. We may
establish additional subaccounts.

The Fund.--The word fund, where we use it in this contract without
qualification, means the fund we identify in the Contract Data pages. The fund
is registered with the SEC under the Investment Company Act of 1940 as an
open-end diversified management investment company. The fund has several
portfolios; there is a portfolio that corresponds to each of the subaccounts of
PLVAA. We list these portfolios in the Contract Data pages.

Separate Account Investments.--We use the assets of PLVAA to buy shares in the
fund. Each subaccount of PLVAA is invested in a specific portfolio. Income and
realized and unrealized gains and losses from assets in each of these
subaccounts are credited to, or charged against, that subaccount. This is
without regard to income, gains, or losses in our other investment accounts.

Example: It we need to know the value of an asset on a Sunday, we will normally
use the value of the asset as of the end of business on Friday.

Change in Investment Policy.--A portfolio of the fund might make a material
change in its investment policy. In that case, we will send you a notice of the
change. Within 60 days after you receive the notice, or within 60 days after the
effective date of the change, if later, you may transfer to the Fixed Account
any amounts in the subaccount investing in that portfolio.

Change of Fund.--A portfolio might, in our judgment, become unsuitable for
investment by a subaccount. This might happen because of a change in investment
policy, or a change in the laws or regulations, or because the shares are no
longer available for investment, or for some other reason. If that occurs, we
have the right to substitute another portfolio of the fund, or to invest in a
fund other than the one we show in the Contract Data pages. But we would first
seek the consent of the SEC and, where required, the insurance regulator where
this contract is delivered.

FIXED ACCOUNT

The Fixed Account.--If you choose, you may allocate all or part of your invested
premium amount to the fixed account. The fixed account is funded by the general
account of Pruco Life. The fixed account is credited with interest as described
under Guaranteed Interest and Excess Interest on page 14.

Fixed Account Options.--We may have more than one fixed account option. We list
the fixed account option(s) in the Contract Data pages.

Page 12 (VALB--86)(NJ)

TRANSFERS

Transfers Among Subaccounts and into the Fixed Account.--You may transfer
amounts among subaccounts of PLVAA and into the Fixed Account as often as four
times in a contract year if the contract is not in default or if the contract is
being continued under the reduced paid up option. In addition, at any time
within the first two contract years or within two years of the effective date
of any increase, the entire amount in all subaccounts may be transferred to the
fixed account. If we establish new separate accounts, transfers into or out of
these separate accounts will be allowed only with our consent. To make a
transfer, you must notify us in writing in a form that meets our needs. The
transfer will take effect on the date we receive your notice at our Service
Office.

Transfers Among Fixed Account Options and into the Subaccounts.--You may
transfer amounts among the available Fixed Account Options and into the
subaccounts only with our consent.

INVESTMENT AMOUNT AND ASSUMED RATE OF RETURN

Investment Amount.--The investment amount for this contract is an amount we use
to compute the investment return. The investment amount is allocated among the
subaccounts. The amount of the investment amount and its allocation to
subaccounts depend on (1) how you choose to allocate net premiums; (2) whether
or not you transfer amounts among subaccounts and the fixed account; (3) the
investment performance of the subaccounts to which amounts are allocated or
transferred; (4) the deductions we make from the contract fund; (5) the amount
and timing of premium payments you make; (6) whether or not you take any loan;
and (7) whether or not you make any partial withdrawals or change the face
amount. The investment amount exists only if the contract is not in default past
the days of grace or if it is being continued as reduced paid-up insurance.

Assumed Rate of Return.--The assumed rate of return is an effective rate of 4% a
year. This is the same as .01074598% a day compounded daily.

Page 13 (VALB--86)

INSURANCE AMOUNT

The insurance amount on any date is equal to the greater of (1) the face amount,
which we show on the page 3, plus any excess of the contract fund over the
tabular contract fund, and (2) the contract fund divided by the net single
premium per $1 at the insured's attained age on that date.

CONTRACT FUND

Contract Fund Defined.--On the contract date the contract fund is equal to the
invested premium amounts credited (see below), minus any of the charges
described in items (g) through (m) below which may have been due on that date.
On any day after that the contract fund is equal to what it was on the previous
day, plus any invested premium amounts credited that day, plus these items:

(a) any increase due to investment results in the value of the subaccounts to
which that portion of the contract fund that is in the investment amount
is allocated;

(b) guaranteed interest at an effective rate of 4% a year on that portion of
the contract fund that is not in the investment amount; and

and minus these items:

(d) any decrease due to investment results in the value of the subaccounts to
which that portion of the contract fund that is in the investment amount
is allocated;

(e) a charge against the investment amount at a rate of not more than
.00163894% a day (.60% a year) for mortality and expense risks that we
assume;

(f) any amount charged against the investment amount for Federal or State
income taxes;

(g) a charge to guarantee the minimum death benefit;

(h) a charge for the cost of expected mortality;

(i) any charges for extra rating class;

(j) any charges for extra benefits;

(k) a charge for administration;

(l) any partial withdrawals; and

(m) any surrender charges and administrative charges that may result from a
partial withdrawal or a decrease in face amount.

We describe under Reinstatement on page 10 what the contract fund will be equal
to on any reinstatement date.

There is no contract fund for a contract in force as extended insurance.

Invested Premium Amount.--This is the portion of each premium paid that we will
add to the contract fund. It is equal to the premium paid minus the expense
charges described in the Contract Data pages under Schedule of Expense Charges
from Premium Payments.

Guaranteed Interest.--We will credit interest to the contract fund each day on
any portion of the contract fund not in the investment amount. We will credit
.01074598% a day, which is equivalent to an effective rate of 4% a year.

Excess Interest.--We may credit interest in addition to the guaranteed interest
on that portion of the contract fund not in the investment amount. The rate of
any excess interest will be determined from time to time and will continue
thereafter until a new rate is determined. We may use different rates of excess
interest for different portions of the contract fund not in the investment
amount. We may from time to time guarantee rates of excess interest on some
portions of the contract fund.

Cost of Expected Mortality.--On each Monthly Date, we will deduct a charge for
the cost of expected mortality. The amount deducted is computed as the annual
mortality rate multiplied by the coverage amount. The coverage amount is the
difference between the adjusted death benefit and the adjusted contract fund. If
the insurance amount equals the face amount plus any excess of the contract fund
over the tabular contract fund, the adjusted death benefit is equal to the face
amount multiplied by the Factor for Adjusting the Insurance Amount (See Table of
Adjustment Factors), and the adjusted contract fund is equal to the tabular
contract fund at the end of the month less any excess, of the tabular contract
fund at the beginning of the month after deduction of any charges due on the
Monthly Date, over the actual contract fund, all multiplied by the Factor for
Adjusting the Contract Fund. If the insurance amount exceeds the face amount
plus any excess of the fund over the tabular contract fund, the adjusted
contract fund is equal to the net single premium at the end of the month for the
insurance amount on the Monthly Date, all multiplied by the Factor for Adjusting
the Contract Fund. The adjustment factors depend on the month as shown in the
table that follows.

(Continued on Next Page)

Page 14 (VALB--86)

CONTRACT FUND (Continued)

Charge for Extra Rating Class.--If there is an extra charge because of the
rating class of the Insured, we will deduct it from the contract fund at the
beginning of each contract month. Any charge is included in the amount shown in
the Contract Data pages under Schedule of Monthly Deductions from the Contract
Fund.

Charges For Administration and Minimum Death Benefit Guarantees.--On each
monthly date, we will deduct a charge for administration. We will also deduct a
charge for guaranteeing the minimum death benefit regardless of the investment
performance of the separate account. We show the amount of these charges in the
Contract Data pages under Schedule of Monthly Deductions from the Contract Fund.

February .076597042 .076481870
A month with 30 days .082059446 .081927252
A month with 31 days .084790207 .084649064

- --------------------------------------------------------------------------------

Page 15 (VALB-86)

CONTRACT VALUE OPTIONS

Benefit After the Grace Period.--If the contract is in default beyond its days
of grace, we will use any net cash value (which we describe under Cash Value
Option) to keep the contract in force as one of two kinds of insurance. One kind
is extended insurance. The second kind is reduced paid-up insurance. We describe
each below. You will find under Automatic Benefit which kind it will be. Any
extra benefit(s) will end as soon as the contract is in default past its days of
grace, unless the form that describes the extra benefit states otherwise.

There may be extra days of term insurance. This will occur if, on the day the
contract goes into default, the term of extended insurance provided by the net
cash value does not exceed 90 days, or the number of days the contract was in
force before the default began, if less. The number of extra days will be (1)
90, or the number of days the contract was in force before the default began, if
less, minus (2) the number of days of extended insurance that would be provided
by the net cash value if there were no contract debt. The extra days, if any.
start on the day after the last day of term insurance provided by the net cash
value, if any. If there is no such term insurance, the extra days start on the
day the contract goes into default. The term insurance for the extra days has no
cash value. There will be no extra days if you replace the extended insurance
with reduced paid-up insurance or you surrender the contract before the extra
days start.

Reduced Paid-up Insurance.--This will be paid-up variable life insurance on the
Insured's life. The death benefit may change from day to day, as we explain
below, but if there is no contract debt, it will not be less than a minimum
guaranteed amount. There will be cash values and loan values.

Except when it is provided as the automatic benefit, (see below), the reduced
paid-up insurance option will be available only when the guaranteed death
benefit under the option will be $5000 or more.

Automatic Benefit.--When the contract is in default, it will stay in force as
extended insurance. But it will stay in force as reduced paid-up insurance if
either of these statements applies: (1) We issued the contract in a rating class
for which we do not provide extended insurance; in this case the phrase No
Extended Insurance is in the Rating Class in the Contract Data pages. (2) The
amount of reduced paid-up insurance would be at least as great as the amount of
extended term insurance.

Optional Benefit.--You may choose to replace any extended insurance that has a
net cash value by reduced paid-up insurance. To make this choice, you must do so
in writing to us in a form that meets our needs, not more than three months
after the date the contract goes into default. You must also send the contract
to us to be endorsed.

(Continued on Next Page)

Page 16 (VALB--86)

CONTRACT VALUE OPTIONS (Continued)

Cash Value Option.--You may surrender this contract for its net cash value. The
net cash value at any time is the cash value at that time, less any contract
debt. To surrender this contract, you must ask us in writing in a form that
meets our needs. You must also send the contract to us. Here is how we will
compute the cash value for surrender of the contract or for its continuation
under extended insurance or reduced paid-up insurance.

2. If the contract is in default during its days of grace: We will compute the
net cash value as of the date the contract went into default. But we will adjust
this value for any loan you take out or pay back, and any premium payments,
partial withdrawals or decreases in face amount you make in the days of grace.

Within 30 days after a contract anniversary, the net cash value of any extended
insurance will not be less than the value on that anniversary.

Tabular Values.--We show tabular contract fund values and tabular cash values at
the end of contract years in the Contract Data pages. The tabular contract fund
at the end of any contract year is the amount which will then be in the contract
fund if all scheduled premiums have been paid on their due dates, there have
been no unscheduled premiums paid, there is no contract debt, the subaccounts
you have chosen earn exactly the assumed rate of return, we have credited no
excess interest, and we have deducted the maximum mortality and expense charges.
The tabular cash values are the amounts which, under the same conditions, will
then be used to provide extended insurance or reduced paid-up insurance or will
be paid in cash, if the maximum surrender charges are applied. The tabular cash
value shown is equal to the tabular contract fund value as of the same date
after deducting any surrender charges (at the maximum rate) from the tabular
contract fund value. (See Cash Value Option above.)

Page 17 (VALB--86)

LOANS

Loan Requirements.--After the first anniversary, you may borrow from us on the
contract. All these conditions must be met:

1. The Insured is living.

2. The contract is in force other than as extended insurance.

3. The contract debt will not be more than the loan value. (We explain these
terms below.)

4. As sole security for the loan, you assign the contract to us in a form that
meets our needs.

5. Except when used to pay premiums on this contract, the amount you borrow at
any one time must be at least $500.

If there is already contract debt when you borrow from us, we will add the new
amount you borrow to that debt.

Contract Debt.--Contract debt at any time means the loan on the contract, plus
the interest we have charged that is not yet due and that we have not yet added
to the loan.

Loan Value.--You may borrow any amount up to the difference between the loan
value and any existing contract debt. At any time the loan value is 90% of the
cash value.

There is one exception. If the contract is in default, the loan value during the
days of grace is what it was on the date of default.

Interest Charge.--You may select either the Fixed Loan Rate Option or the
Variable Loan Rate Option. Both are described below. We show on page 3 the
option you have selected. You may request a change to the loan rate option at
any time. If we agree, we will tell you the effective date of the change.

Fixed Loan Rate Option.--We charge interest daily on any loan at the effective
rate of 5 1/2% a year. Interest is due on each contract anniversary, or when the
loan is paid back if that comes first. If interest is not paid when due, it
becomes part of the loan. Then we start to charge interest on it, too.

On the anniversary in 1996 we will have charged about $44 interest. The interest
will then be due.

Example 4: Suppose the $44 interest in example 3 was paid on the anniversary.
The loan and contract debt each became $1,600 right after the payment.

Variable Loan Rate Option.--We charge interest daily on any loan. Interest is
due on each contract anniversary, or when the loan is paid back it that comes
first. If interest is not paid when due, it becomes part of the loan. Then we
start to charge interest on it, too.

The loan interest rate is the annual rate we set from time to time. The rate
will never be greater than is permitted by law. It will change only on a
contract anniversary.

Before the start of each contract year, we will determine the loan interest rate
we can charge for that contract year.

(Continued on Next Page)

Page 18 (VALB--86)

LOANS (Continued)

When you make a loan we will tell you the initial interest rate for the loan. We
will send you a notice it there is to be an increase in the rate.

The Published Monthly Average means:

1. Moody's Corporate Bond Yield Average--Monthly Average Corporates, as
published by Moody's Investors Service, Inc. or any successor to that service;
or

2. If that average is no longer published, a substantially similar average,
established by the insurance regulator where this contract is delivered.

Effect of a Loan.--When you take a loan, the amount of the loan continues to be
a part of the contract fund and continues to be credited with interest at the
guaranteed rate of 4% a year. If you have selected the Variable Loan Rate
Option, we will credit excess interest at an effective rate of not less than the
loan interest rate for the contract year less 5 1/2%. However, we will reduce
the portion of the contract fund allocated to the separate account and the fixed
account by the amount you borrow, and by loan interest that becomes part of the
loan because it is not paid when due.

Only the amount of the investment amount will reflect the investment results of
the subaccounts. Since the amount you borrow is removed from the portion of the
contract fund allocated to the separate account and the fixed account, a loan
may have a permanent effect on the net cash value of this contract and also on
any death benefit in excess of the guaranteed death benefit. The longer the loan
is outstanding, the greater this effect is likely to be.

Excess Contract Debt.--If contract debt ever becomes equal to or more than the
cash value, all the contract's benefits will end 61 days after we mail a notice
to you and any assignee of whom we know. Also. we may send a notice to the
Insured's last known address. In the notice we will state the amount that, if
paid to us, will keep the contract's benefits from ending for a limited time.

Postponement of Loan.--We will usually make a loan within seven days after we
receive your request at our Service Office. But we have the right to defer
making the portion of the loan that is to come from the portion of the contract
fund in the PLVAA if (1) the New York Stock Exchange is closed; or (2) the SEC
requires that trading be restricted or declares an emergency. We have the right
to postpone paying you the remainder of the proceeds of a loan for up to six
months, unless it will be used to pay premiums on this or other contracts with
us.
Page 19 (VALA--86)

SETTLEMENT OPTIONS

Choosing an Option.--A Payee may choose an option for all or part of any
proceeds or residue that becomes payable to him or her in one sum. We describe
residue later on this page.

In some cases, a Payee will need our consent to choose an option. We describe
these cases under Conditions.

Options Described.--Here are the options we offer. We may also consent to other
arrangements.

Life Income Option.--We will make equal monthly payments for as long as the
person on whose life the settlement is based lives, with payments certain for a
10-year period (10-Year Certain). The amount of each payment will be based on
the Life Income Option Table and on the sex and age, on the due date of the
first payment, of the person on whose life the settlement is based. That person
must be a Payee. But if a choice is made more than two years after the Insured's
death, we may use the Life Income Option payment rates in individual annuity
contracts or life insurance contracts we regularly issue, based on United States
currency, on the due date of the first payment. On request, we will quote the
payment rates in contracts we then issue. We must have proof of the date of
birth of the person on whose life the settlement is based. If on the due date of
the first payment under this option, we have declared a higher payment rate
under the option, we will base the payments on that higher rate.

Interest Payment Option.--We will hold an amount at interest. We will pay
interest at an effective rate of at least 3% a year ($30.00 annually, $14.89
semi-annually, $7.42 quarterly or $2.47 monthly per $1,000). We may pay more
interest.

Supplemental Life Annuity Option.--Any Payee may choose to receive all or part
of the proceeds of this contract in the form of payments like those of any
annuity or life annuity we then regularly issue. But that annuity must (1) be
based on United States currency; (2) be bought by a single sum; (3) not provide
for dividends; and (4) not normally provide for deferral of the first payment.
For purposes of this option only, the words we, our and us include our parent
company, The Prudential Insurance Company of America, which has agreed to make
settlements under this option.

The payment will be at least what we would pay under the chosen kind of annuity
with its first payment due on its contract date.

First Payment Due Date.--Unless a different date is stated when the option is
chosen: (1) the first payment for the Interest Payment Option will be due at the
end of the chosen payment interval; and (2) the first payment for any of the
other options will be due on the date the option takes effect.

Residue Described.--For the Life Income Option and the Supplemental Life Annuity
Option, residue on any date means the then present value of any unpaid payments
certain. For the Life Income Option, we will compute it at an effective interest
rate of 3 1/2% a year. But we will use the interest rate we used to compute the
actual Life Income Option payments if they were not based on the table in this
contract. For the Supplemental Life Annuity Option, we will use the interest
rate we would use for the chosen kind of annuity with the same provisions as to
withdrawal.

For the Interest Payment Option, residue on any date means any unpaid balance
with interest to that date.

For the Life Income Option and the Supplemental Life Annuity Option, residue
does not include the value of any payment that may become due after the certain
period.

Withdrawal of Residue.--Unless otherwise stated when the option is chosen: (1)
under the Life Income Option and the Supplemental Life Annuity Option the
residue may be withdrawn; and (2) under the Interest Payment Option all, or any
part not less than $100, of the residue may be withdrawn. If the Interest
Payment Option residue is reduced to less than $1,000, we have the right to pay
it in one sum. Under the Life Income Option and the Supplemental Life Annuity
Option, withdrawal of the residue will not affect any payments that may become
due after the certain period; the value of those payments cannot be withdrawn.
Instead, the payments will start again if they were based on the life of a
person who lives past the certain period.

(Continued on Next Page)

Page 20 (VALA--86)

SETTLEMENT OPTIONS (Continued)

Designating Contingent Payee(s).--A Payee under an option has the right, unless
otherwise stated, to name or change a contingent payee to receive any residue at
the Payee's death. This may be done only if (1) the Payee has the full right to
withdraw the residue; or (2) the residue would otherwise have been payable to
that Payee's estate at death.

Any request to exercise any of these rights must be in writing and in a form
that meets our needs. It will take effect only when we file it at our Service
Office. Then the interest of anyone who is being removed will end as of the date
of the request, even if the Payee who made the request is not living when we
file it.

Changing Options.--A Payee under the Interest Payment Option may choose another
option for any sum that the Payee could withdraw on the date the chosen option
is to start. That date may be before the date the Payee makes the choice only if
we consent. In some cases, the Payee will need our consent to choose or change
an option. We describe these cases next.

Conditions.--Under any of these conditions, our consent is needed for an option
to be used for any person:

1. The person is not a natural person who will be paid in his or her own
right.

2. The person will be paid as assignee.

3. The amount to be held for the person under the Interest Payment Option is
less than $1,000. But we will hold any amount for at least one year in
accord with the Automatic Mode of Settlement.

4. Each payment to the person under the option would be less than $20.

5. The option is for residue arising other than at (a) the Insured's death, or
(b) the death of the beneficiary who was entitled to be paid as of the date
of the Insured's death.

6. The option is for proceeds that arise other than from the Insured's death,
and we are settling with an owner or any other person who is not the
Insured.

Death of Payee.--If a Payee under an option dies and if no other distribution is
shown, we will pay any residue under that option in one sum to the Payee's
estate.

AUTOMATIC MODE OF SETTLEMENT

Applicability.--These provisions apply to proceeds arising from the Insured's
death and payable in one sum to a Payee who is a beneficiary. They do not apply
to any periodic payment.

Interest on Proceeds.--We will hold the proceeds at interest under Interest
Payment Option of the Settlement Options provision. The Payee may withdraw the
residue. We will pay it promptly on request. We will pay interest annually
unless we agree to pay it more often. We have the right to pay the residue in
one sum after one year if (1) the Payee is not a natural person who will be paid
in his or her own right; (2) the Payee will be paid as assignee; or (3) the
original amount we hold under Interest Payment Option for the Payee is less than
$1,000.

Settlement at Payee's Death.--If the Payee dies and leaves an Interest Payment
Option residue, we will honor any contingent payee provision then in effect. If
there is none, here is what we will do. We will look to the beneficiary
designation of the contract; we will see what other beneficiary(ies), if any,
would have been entitled to the portion of the proceeds that produced the
Interest Payment Option residue if the Insured had not died until immediately
after the Payee died. Then we will pay the residue in one sum to such other
beneficiary(ies}, in accord with that designation. But if, as stated in that
designation, payment would be due the estate of someone else, we will instead
pay the estate of the Payee.

Example: Suppose the class 1 beneficiary is Jane and the class 2 beneficiaries
are Paul and John. Jane was living when the Insured died. Jane later died
without having chosen an option or naming someone other than Paul and John as
contingent payee. If Paul and John are living at Jane's death we owe them the
residue. If only one of them is living then, and if the contract called for
payment to the survivor of them, we owe him the residue. It neither of them is
living then, we owe Jane's estate.

Spendthrift and Creditor.--A beneficiary or contingent payee may not, at or
after the Insured's death, assign, transfer, or encumber any benefit payable. To
the extent allowed by law, the benefits will not be subject to the claims of any
creditor of any beneficiary or contingent payee.