Form D · Other Investment Fund
Axcelus Financial Life Insurance Co Separate Account VL 404
Philadelphia, PA · CIK 0001941373
Offering snapshot reported Aug 19, 2024 · SEC filing
- Reported sold
- $108M Indefinite offering
- Investors reported
- 109 Form D · investor count
- Minimum accepted
- $0 Reported outside-investor minimum
- First sale
- Sep 13, 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$35,589,711 → $107,955,018
- Reported investors62 → 109
Filing history
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| Filed | Filing type | Reported sold | Change vs linked filing | Investors | Source |
|---|---|---|---|---|---|
| Aug 19, 2024 | Amendment | $107,955,018 | $72,365,307vs Apr 20, 2023 | 109 | SEC filing |
| Apr 20, 2023 | Amendment | $35,589,711 | $35,549,711vs Sep 22, 2022 | 62 | SEC filing |
| Sep 22, 2022 | Initial | $40,000 | No comparison | 4 | SEC filing |
Offering details
- Securities
- Pooled investment fund, Other
- Exemptions
- 06b, 3C, 3C.7
- Duration over one year
- Yes
- Business combination
- No
- Sales commissions
- $103K
- Finders' fees
- $0
- Form D file number
- 021-459545
variable life insurance contracts
Issuer pays no sales commissions or finders' fees. Axcelus Financial pays all sales commissions from its corporate resources.
Sales compensation recipients
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| Recipient | CRD | Associated broker-dealer |
|---|---|---|
| Lockton Investment Securities, LLC | 137476 | Suzette M. Clark · CRD 3153620 |
| The Leaders Group, Inc. | 37157 | Jonathan M. Donfeld · CRD 5845355 |
Source: Form D, filed Aug 19, 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