Form D · Other Investment Fund
Axcelus Financial Life Insurance Co Separate Account VL 254
Philadelphia, PA · CIK 0001804247
Offering snapshot reported Aug 9, 2024 · SEC filing
- Reported sold
- $4.58M Indefinite offering
- Investors reported
- 2 Form D · investor count
- Minimum accepted
- $0 Reported outside-investor minimum
- First sale
- Feb 14, 2020 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$3,792,120 → $4,577,120
Filing history
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| Filed | Filing type | Reported sold | Change vs linked filing | Investors | Source |
|---|---|---|---|---|---|
| Aug 9, 2024 | Amendment | $4,577,120 | $785,000vs Apr 3, 2023 | 2 | SEC filing |
| Apr 3, 2023 | Amendment | $3,792,120 | $864,040vs May 16, 2022 | 2 | SEC filing |
| May 16, 2022 | Amendment | $2,928,080 | $2,393,080vs Feb 27, 2020 | 2 | SEC filing |
| Feb 27, 2020 | Initial | $535,000 | No comparison | 2 | SEC filing |
Offering details
- Securities
- Pooled investment fund, Other
- Exemptions
- 06b, 3C, 3C.1, 3C.7
- Duration over one year
- Yes
- Business combination
- No
- Sales commissions
- $75.1K
- Finders' fees
- $0
- Form D file number
- 021-361445
variable life insurance contracts
Issuer pays a sales commission which is equal to a percentage of the 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 |
|---|---|---|
| Kestra Investment Services, LLC | 42046 | Mayur Dalal · CRD 1853077 |
| The Leaders Group, Inc. | 37157 | Jonathan Donfeld · CRD 5845355 |
| Lion Street Financial, LLC | 165828 | Jordon 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.
| 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