Form D Raw Data - Electronic Filing Depository

EFDID: 359822EFD: Raw Data

Issuer: Axcelus Financial Life Insurance Co Separate Account VL 294 (0001838722) - D/A

Accession: 0001838722-24-000002 () (EDGAR Files) (Form D)

Edgar Posted: Aug. 6, 2024
EFD Posted: Aug. 6, 2024

- < edgarSubmission >

< schemaVersion > X0708 </ schemaVersion >

< submissionType > D/A </ submissionType >

< testOrLive > LIVE </ testOrLive >

- < primaryIssuer >

< cik > 0001838722 </ cik >

< entityName > Axcelus Financial Life Insurance Co Separate Account VL 294 </ entityName >

- < issuerAddress >

< street1 > ONE LIBERTY PLACE </ street1 >

< street2 > 1650 MARKET ST., 8TH FLOOR </ street2 >

< city > PHILADELPHIA </ city >

< stateOrCountry > PA </ stateOrCountry >

< stateOrCountryDescription > PENNSYLVANIA </ stateOrCountryDescription >

< zipCode > 19103 </ zipCode >

</ issuerAddress >

< issuerPhoneNumber > (484) 530-4800 </ issuerPhoneNumber >

< jurisdictionOfInc > PENNSYLVANIA </ jurisdictionOfInc >

- < edgarPreviousNameList >

< previousName > Lombard International Life Assurance Co Separate Account VL 294 </ previousName >

</ edgarPreviousNameList >

< entityType > Other </ entityType >

< entityTypeOtherDesc > insurance company separate account </ entityTypeOtherDesc >

- < yearOfInc >

< withinFiveYears > true </ withinFiveYears >

< value > 2020 </ value >

</ yearOfInc >

</ primaryIssuer >

- < relatedPersonsList >

- < relatedPersonInfo >

- < relatedPersonName >

< firstName > Axcelus Financial </ firstName >

< lastName > Axcelus Financial Life Insurance Company </ lastName >

</ relatedPersonName >

- < relatedPersonAddress >

< street1 > One Liberty Place </ street1 >

< street2 > 1650 Market Street, 8th Floor </ street2 >

< city > Philadelphia </ city >

< stateOrCountry > PA </ stateOrCountry >

< stateOrCountryDescription > PENNSYLVANIA </ stateOrCountryDescription >

< zipCode > 19103 </ zipCode >

</ relatedPersonAddress >

- < relatedPersonRelationshipList >

< relationship > Promoter </ relationship >

</ relatedPersonRelationshipList >

< relationshipClarification > Issuer is an insurance company separate account formed under Pennsylvania insurance law. </ relationshipClarification >

</ relatedPersonInfo >

</ relatedPersonsList >

- < offeringData >

- < industryGroup >

< industryGroupType > Pooled Investment Fund </ industryGroupType >

- < investmentFundInfo >

< investmentFundType > Other Investment Fund </ investmentFundType >

< is40Act > false </ is40Act >

</ investmentFundInfo >

</ industryGroup >

- < issuerSize >

< aggregateNetAssetValueRange > Decline to Disclose </ aggregateNetAssetValueRange >

</ issuerSize >

- < federalExemptionsExclusions >

< item > 06b </ item >

< item > 3C </ item >

< item > 3C.1 </ item >

</ federalExemptionsExclusions >

- < typeOfFiling >

- < newOrAmendment >

< isAmendment > true </ isAmendment >

< previousAccessionNumber > 0001838722-23-000001 </ previousAccessionNumber >

</ newOrAmendment >

- < dateOfFirstSale >

< value > 2020-12-22 </ value >

</ dateOfFirstSale >

</ typeOfFiling >

- < durationOfOffering >

< moreThanOneYear > true </ moreThanOneYear >

</ durationOfOffering >

- < typesOfSecuritiesOffered >

< isPooledInvestmentFundType > true </ isPooledInvestmentFundType >

< isOtherType > true </ isOtherType >

< descriptionOfOtherType > Variable Life Insurance Contracts </ descriptionOfOtherType >

</ typesOfSecuritiesOffered >

- < businessCombinationTransaction >

< isBusinessCombinationTransaction > false </ isBusinessCombinationTransaction >

< clarificationOfResponse />

</ businessCombinationTransaction >

< minimumInvestmentAccepted > 0 </ minimumInvestmentAccepted >

- < salesCompensationList >

- < recipient >

< recipientName > Axcelus Financial Life Insurance Company </ recipientName >

< recipientCRDNumber > 38383 </ recipientCRDNumber >

< associatedBDName > Timothy G. McCarty </ associatedBDName >

< associatedBDCRDNumber > 6230730 </ associatedBDCRDNumber >

- < recipientAddress >

< street1 > One Liberty Place </ street1 >

< street2 > 1650 Market St., 8th Floor </ street2 >

< city > Philadelphia </ city >

< stateOrCountry > PA </ stateOrCountry >

< stateOrCountryDescription > PENNSYLVANIA </ stateOrCountryDescription >

< zipCode > 19103 </ zipCode >

</ recipientAddress >

- < statesOfSolicitationList >

< state > GA </ state >

< description > GEORGIA </ description >

< state > NJ </ state >

< description > NEW JERSEY </ description >

< state > WV </ state >

< description > WEST VIRGINIA </ description >

</ statesOfSolicitationList >

< foreignSolicitation > false </ foreignSolicitation >

</ recipient >

</ salesCompensationList >

- < offeringSalesAmounts >

< totalOfferingAmount > Indefinite </ totalOfferingAmount >

< totalAmountSold > 1638250 </ totalAmountSold >

< totalRemaining > Indefinite </ totalRemaining >

< clarificationOfResponse />

</ offeringSalesAmounts >

- < investors >

< hasNonAccreditedInvestors > false </ hasNonAccreditedInvestors >

< totalNumberAlreadyInvested > 2 </ totalNumberAlreadyInvested >

</ investors >

- < salesCommissionsFindersFees >

- < salesCommissions >

< dollarAmount > 8191 </ dollarAmount >

</ salesCommissions >

- < findersFees >

< dollarAmount > 0 </ dollarAmount >

</ findersFees >

< clarificationOfResponse > Issuer pays sales commissions which are equal to a percentage of the premium received by the Issuer. </ clarificationOfResponse >

</ salesCommissionsFindersFees >

- < useOfProceeds >

- < grossProceedsUsed >

< dollarAmount > 62056 </ dollarAmount >

</ grossProceedsUsed >

< clarificationOfResponse > Amount shown represents the total of all DAC tax, state premium tax, and underwriting charges. </ clarificationOfResponse >

</ useOfProceeds >

- < signatureBlock >

< authorizedRepresentative > false </ authorizedRepresentative >

- < signature >

< issuerName > Axcelus Financial Life Insurance Co Separate Account VL 294 </ issuerName >

< signatureName > /s/ Paul Ryan Henry </ signatureName >

< nameOfSigner > Paul Ryan Henry </ nameOfSigner >

< signatureTitle > SVP & Deputy General Counsel </ signatureTitle >

< signatureDate > 2024-08-06 </ signatureDate >

</ signature >

</ signatureBlock >

</ offeringData >

</ edgarSubmission >