Form D · Other Investment Fund
Axcelus Financial Life Insurance Co Separate Account VL 396
Philadelphia, PA · CIK 0001931132
Offering snapshot reported Aug 13, 2024 · SEC filing
- Reported sold
- $4M Indefinite offering
- Investors reported
- 1 Form D · investor count
- Minimum accepted
- $0 Reported outside-investor minimum
- First sale
- May 27, 2022 As reported in this filing
Fundraising history
Reported soldDates 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$2,000,000 → $4,000,000
Filing history
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| Filed | Filing type | Reported sold | Change vs linked filing | Investors | Source |
|---|---|---|---|---|---|
| Aug 13, 2024 | Amendment | $4,000,000 | $2,000,000vs Apr 18, 2023 | 1 | SEC filing |
| Apr 18, 2023 | Amendment | $2,000,000 | $1,000,000vs Jun 10, 2022 | 1 | SEC filing |
| Jun 10, 2022 | Initial | $1,000,000 | No comparison | 1 | SEC filing |
Offering details
- Securities
- Pooled investment fund, Other
- Exemptions
- 06b, 3C, 3C.7
- Duration over one year
- Yes
- Business combination
- No
- Sales commissions
- $27.7K
- Finders' fees
- $0
- Form D file number
- 021-448761
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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| Recipient | CRD | Associated broker-dealer |
|---|---|---|
| Spearhead Capital, LLC | 145560 | Kenneth E. Foley · CRD 2840109 |
| The Leaders Group, Inc. | 37157 | Kenneth E. Foley · CRD 2840109 |
Source: Form D, filed Aug 13, 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.
| Name | Reported 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:Philadelphia, PA, 19103