Form D · Other Investment Fund
Axcelus Financial Life Insurance Co Separate Account VL 172
Philadelphia, PA · CIK 0001711511
Offering snapshot reported Aug 8, 2024 · SEC filing
- Reported sold
- $10.3M Indefinite offering
- Investors reported
- 2 Form D · investor count
- Minimum accepted
- $0 Reported outside-investor minimum
- First sale
- Jul 6, 2017 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$10,057,012 → $10,257,012
Filing history
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| Filed | Filing type | Reported sold | Change vs linked filing | Investors | Source |
|---|---|---|---|---|---|
| Aug 8, 2024 | Amendment | $10,257,012 | $200,000vs Mar 28, 2023 | 2 | SEC filing |
| Mar 28, 2023 | Amendment | $10,057,012 | $4,381,012vs Jun 17, 2020 | 2 | SEC filing |
| Jun 17, 2020 | Amendment | $5,676,000 | $1,892,000vs Apr 8, 2019 | 2 | SEC filing |
| Apr 8, 2019 | Amendment | $3,784,000 | $1,892,000vs Mar 15, 2018 | 2 | SEC filing |
| Mar 15, 2018 | Amendment | $1,892,000 | $674,000vs Jul 19, 2017 | 2 | SEC filing |
| Jul 19, 2017 | Initial | $1,218,000 | No comparison | 2 | SEC filing |
Offering details
- Securities
- Pooled investment fund, Other
- Exemptions
- 06b, 3C, 3C.7
- Duration over one year
- Yes
- Business combination
- No
- Sales commissions
- $301K
- Finders' fees
- $0
- Form D file number
- 021-291036
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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| Recipient | CRD | Associated broker-dealer |
|---|---|---|
| M Holdings Securities, Inc | 43285 | Eric Naison-Phillips · CRD 5155539 |
| M Financial Securities Marketing, Inc. | 139304 | Eric Naison-Phillips · CRD 5155539 |
Source: Form D, filed Aug 8, 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