Principal Life Insurance Co. Variable Life Sep Account

07/05/2024 | Press release | Distributed by Public on 07/05/2024 12:33

Updating Summary Prospectus - Form 497VPU

Document

Principal Life Insurance Company Variable Life Separate Account

Supplement dated July 5, 2024
to the Prospectus and Updating Summary Prospectus dated May 1, 2024 for:

PrinFlex Life

This supplement updates information contained in the Prospectus and Updating Summary Prospectus referenced above. Please retain this supplement for future reference.

APPENDIX - UNDERLYING FUNDS AVAILABLE UNDER THE POLICY

Delete the rows for BNY Mellon IP MidCap Stock - Service Class, CVT S&P 500 Index, and ClearBridge Mid Cap - Class I in the table and replace with the following:
Fund Company and Fund Name and Class Fund Type Advisor/
Sub-Advisor 		Current Expense Ratio Average Annual Total Returns
1 yr 5 yr 10 yr
BNY Mellon IP MidCap Stock - Service Class Small/Mid US Equity BNY Mellon Investment Adviser, Inc./Mellon Investments Corp 1.05% 17.99% 10.42% 7.17%
CVT S&P 500 Index* Small/Mid US Equity Calvert Research and Management/Ameritas Investment Partners, Inc. 0.28% 25.92% 15.39% 11.68%
ClearBridge Mid Cap - Class I Small/Mid US Equity ClearBridge Investments, LLC/Legg Mason Partners Fund Advisor, LLC 0.83% 12.92% 10.73% 7.10%