Form D · Other Investment Fund

Axcelus Financial Life Insurance Co Separate Account VL 224

Philadelphia, PA · CIK 0001773596

Offering snapshot reported Aug 9, 2024 · SEC filing

Reported sold
$4.96M
Indefinite offering
Investors reported
1
Form D · investor count
Minimum accepted
$0
Reported outside-investor minimum
First sale
Apr 5, 2019
As reported in this filing

Fundraising history

Reported sold
Reported amount sold by Form D filing date$0$2.48M$4.96MApr 18, 2019: $1,314,724.00Apr 18, 2019Jun 23, 2020: $2,149,724.00Jun 23, 2020May 10, 2022: $3,944,172.00May 10, 2022Mar 30, 2023: $4,244,172.00Aug 9, 2024: $4,964,172.00Aug 9, 2024

Dates are filing dates, not cash receipt dates. Decreases are reported revisions, not evidence of withdrawals. Separate offering histories are not added together.

What changed?

Latest filing versus its linked predecessor, where available.

  • Reported sold$4,244,172 → $4,964,172

Filing history

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FiledFiling typeReported soldChange vs linked filingInvestorsSource
Aug 9, 2024Amendment$4,964,172$720,000vs Mar 30, 20231SEC filing
Mar 30, 2023Amendment$4,244,172$300,000vs May 10, 20221SEC filing
May 10, 2022Amendment$3,944,172$1,794,448vs Jun 23, 20201SEC filing
Jun 23, 2020Amendment$2,149,724$835,000vs Apr 18, 20191SEC filing
Apr 18, 2019Initial$1,314,724No comparison1SEC filing

Offering details

Securities
Pooled investment fund, Other
Exemptions
06b, 3C, 3C.7
Duration over one year
Yes
Business combination
No
Sales commissions
$90.8K
Finders' fees
$0
Form D file number
021-337605
variable life insurance contracts
Issuer pays sales commissions which are equal to a percentage of premium received by the Issuer. Axcelus Financial also pays sales commissions from its corporate resources.

Sales compensation recipients

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RecipientCRDAssociated broker-dealer
Kestra Investment Services, LLC42046Mayur Dalal · CRD 1853077
The Leaders Group, Inc.37157Jonathan M Donfield · CRD 5845355
Raymond James Financial Services, Inc.6694Douglas A. Gerrard · CRD 1145240
Lion Street Financial, LLC165828Jordon R Katz · CRD 1591395

Source: Form D, filed Aug 9, 2024. Minimum accepted may differ from a standard advertised minimum.

Fund connections

No confirmed ADV fund connection is available for this issuer.

People & organizations

Current and past Form D appearances. These existing records do not establish a person's current role or uniquely identify them across issuers.

People and organizations reported in Form D filings
NameReported role
Axcelus Financial Axcelus Financial Life Insurance Company Promoter
Lilac Lombard International Life Assurance Company Promoter

Issuer details

Industry: Pooled Investment Fund (See others in industry)

Address:
One Liberty Place, 1650 Market Street 8 Th Floor
Philadelphia, PA, 19103