Form D · Other Investment Fund

Axcelus Financial Life Insurance Co Separate Account VL 340

Philadelphia, PA · CIK 0001871380

Offering snapshot reported Aug 12, 2024 · SEC filing

Reported sold
$4.88M
Indefinite offering
Investors reported
5
Form D · investor count
Minimum accepted
$0
Reported outside-investor minimum
First sale
Jul 23, 2021
As reported in this filing

Fundraising history

Reported sold
Reported amount sold by Form D filing date$0$2.44M$4.88MJul 27, 2021: $500,000.00Jul 27, 2021Apr 13, 2023: $4,064,776.00Apr 13, 2023Aug 12, 2024: $4,884,776.00Aug 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$4,064,776 → $4,884,776

Filing history

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FiledFiling typeReported soldChange vs linked filingInvestorsSource
Aug 12, 2024Amendment$4,884,776$820,000vs Apr 13, 20235SEC filing
Apr 13, 2023Amendment$4,064,776$3,564,776vs Jul 27, 20215SEC filing
Jul 27, 2021Initial$500,000No 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
$32.3K
Finders' fees
$0
Form D file number
021-407816
variable life insurance contracts
Issuer pays no sales commissions or finders' fees. Axcelus Financial pays sales commissions from its corporate resources.

Sales compensation recipients

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RecipientCRDAssociated broker-dealer
Kingswood Capital Partners, LLC288898Jason R. Zimmerman · CRD 2672423

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