Form D · Other Investment Fund

Axcelus Financial Life Insurance Co Separate Account VL 328

Philadelphia, PA · CIK 0001871379

Offering snapshot reported Aug 12, 2024 · SEC filing

Reported sold
$16M
Indefinite offering
Investors reported
2
Form D · investor count
Minimum accepted
$0
Reported outside-investor minimum
First sale
Jul 2, 2021
As reported in this filing

Fundraising history

Reported sold
Reported amount sold by Form D filing date$0$8M$16MJul 16, 2021: $2,000,000.00Jul 16, 2021Apr 13, 2023: $10,666,666.00Apr 13, 2023Aug 12, 2024: $15,999,999.00Aug 12, 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$10,666,666 → $15,999,999

Filing history

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FiledFiling typeReported soldChange vs linked filingInvestorsSource
Aug 12, 2024Amendment$15,999,999$5,333,333vs Apr 13, 20232SEC filing
Apr 13, 2023Amendment$10,666,666$8,666,666vs Jul 16, 20212SEC filing
Jul 16, 2021Initial$2,000,000No comparisonNot reportedSEC filing

Offering details

Securities
Pooled investment fund, Other
Exemptions
06b, 3C, 3C.7
Duration over one year
Yes
Business combination
No
Sales commissions
$32.1K
Finders' fees
$0
Form D file number
021-406511
variable life insurance contracts
Issuer pays sales commissions 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
Stern Capital LLC131226Jennifer H. Macaulay · CRD 2447557

Source: Form D, filed Aug 12, 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 St., 8 Th Floor
Philadelphia, PA, 19103