Form D · Other Investment Fund

Axcelus Financial Life Insurance Co Separate Account VL 227

Philadelphia, PA · CIK 0001775201

Offering snapshot reported Aug 9, 2024 · SEC filing

Reported sold
$10.5M
Indefinite offering
Investors reported
3
Form D · investor count
Minimum accepted
$0
Reported outside-investor minimum
First sale
May 3, 2019
As reported in this filing

Fundraising history

Reported sold
Reported amount sold by Form D filing date$0$5.25M$10.5MMay 14, 2019: $2,100,000.00May 14, 2019May 16, 2022: $6,300,000.00May 16, 2022Apr 3, 2023: $8,400,000.00Aug 9, 2024: $10,500,000.00Aug 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$8,400,000 → $10,500,000

Filing history

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FiledFiling typeReported soldChange vs linked filingInvestorsSource
Aug 9, 2024Amendment$10,500,000$2,100,000vs Apr 3, 20233SEC filing
Apr 3, 2023Amendment$8,400,000$2,100,000vs May 16, 20223SEC filing
May 16, 2022Amendment$6,300,000$4,200,000vs May 14, 20193SEC filing
May 14, 2019Initial$2,100,000No comparison3SEC filing

Offering details

Securities
Pooled investment fund, Other
Exemptions
06b, 3C, 3C.7
Duration over one year
Yes
Business combination
No
Sales commissions
$115K
Finders' fees
$0
Form D file number
021-339500
variable life insurance contracts
Issuer pays no sales commissions or finders' fees. Axcelus Financial pays sales commissions from its corporate resources.

Sales compensation recipients

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RecipientCRDAssociated broker-dealer
Kestra Investment Services, LLC42046Mayur Dahal · CRD 1853077

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