Form D · Other Investment Fund

Axcelus Financial Life Insurance Co Separate Account VL 424

Philadelphia, PA · CIK 0001976586

Offering snapshot reported Aug 19, 2024 · SEC filing

Reported sold
$27.3M
Indefinite offering
Investors reported
2
Form D · investor count
Minimum accepted
$0
Reported outside-investor minimum
First sale
Aug 24, 2023
As reported in this filing

Fundraising history

Reported sold
Reported amount sold by Form D filing date$0$13.6M$27.3MSep 8, 2023: $13,641,895.00Sep 8, 2023Aug 19, 2024: $27,283,790.00Aug 19, 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$13,641,895 → $27,283,790
  • Reported investors1 → 2

Filing history

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FiledFiling typeReported soldChange vs linked filingInvestorsSource
Aug 19, 2024Amendment$27,283,790$13,641,895vs Sep 8, 20232SEC filing
Sep 8, 2023Initial$13,641,895No comparison1SEC filing

Offering details

Securities
Pooled investment fund, Other
Exemptions
06b, 3C, 3C.7
Duration over one year
Yes
Business combination
No
Sales commissions
$35.8K
Finders' fees
$0
Form D file number
021-491630
variable life insurance contracts
Issuer pays no sales commissions or finders' fees. Axcelus Financial will pay all sales commissions from its corporate resources.

Sales compensation recipients

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RecipientCRDAssociated broker-dealer
Kestra Investment Services, LLC42046David J. Carroll · CRD 2355967
The Leaders Group, Inc.37157Jordan M. Schmidt · CRD 6086925

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.

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