Form D · Other Investment Fund

Axcelus Financial Life Insurance Co Separate Account VL 296

Philadelphia, PA · CIK 0001840149

Offering snapshot reported Aug 12, 2024 · SEC filing

Reported sold
$7.04M
Indefinite offering
Investors reported
1
Form D · investor count
Minimum accepted
$0
Reported outside-investor minimum
First sale
Dec 27, 2020
As reported in this filing

Fundraising history

Reported sold
Reported amount sold by Form D filing date$0$3.52M$7.04MJan 12, 2021: $1,317,000.00Jan 12, 2021Apr 29, 2022: $6,413,901.00Apr 29, 2022Aug 12, 2024: $7,041,000.00Aug 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$6,413,901 → $7,041,000

Filing history

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FiledFiling typeReported soldChange vs linked filingInvestorsSource
Aug 12, 2024Amendment$7,041,000$627,099vs Apr 29, 20221SEC filing
Apr 29, 2022Amendment$6,413,901$5,096,901vs Jan 12, 20211SEC filing
Jan 12, 2021Initial$1,317,000No comparison1SEC filing

Offering details

Securities
Pooled investment fund, Other
Exemptions
06b, 3C, 3C.7
Duration over one year
Yes
Business combination
No
Sales commissions
$58K
Finders' fees
$0
Form D file number
021-386042
variable life insurance contracts
Issuer pays sales commissions 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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RecipientCRDAssociated broker-dealer
M Holdings Securities, Inc.43285Eric Naison-Phillips · CRD 5155539

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