We study finite dimensional almost and quasi-effective prolongations of nilpotent Z-graded Lie algebras, especially focusing on those having a decomposable reductive structural subalgebra. Our assumptions generalize effectiveness and algebraicity and are appropriate to obtain Levi-Malčev and Levi-Chevalley decompositions and precisions on the heigth and other properties of the prolongations in a very natural way. In a last section we systematically present examples in which simple Lie algebras are obtained as prolongations, for reductive structural algebras of type A, B, C and D, of nilpotent Z-graded Lie algebras arising as their linear representations.