# EDGAR Filing Document

**Accession Number:** 0001526622
**File Stem:** 0001526622-25-000048
**Filing Date:** 2025-10
**Character Count:** 208914
**Document Hash:** b829ba8fedb227f895831b118f0999fd
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001526622-25-000048.hdr.sgml**: 20260626

**ACCESSION NUMBER**: 0001526622-25-000048

**CONFORMED SUBMISSION TYPE**: 485APOS

**PUBLIC DOCUMENT COUNT**: 5

**FILED AS OF DATE**: 20251029

**DATE AS OF CHANGE**: 20260129

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Principal National Life Insurance Co Variable Life Separate Account
- **CENTRAL INDEX KEY:** 0001526622

**ORGANIZATION NAME:**
- **EIN:** 341022982
- **STATE OF INCORPORATION:** IA
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 485APOS
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-22589
- **FILM NUMBER:** 251429220

**BUSINESS ADDRESS:**
- **STREET 1:** PRINCIPAL FINANCIAL GROUP
- **STREET 2:** 711 HIGH STREET
- **CITY:** DES MOINES
- **STATE:** IA
- **ZIP:** 50392
- **BUSINESS PHONE:** 515-247-5461

**MAIL ADDRESS:**
- **STREET 1:** PRINCIPAL FINANCIAL GROUP
- **STREET 2:** 711 HIGH STREET
- **CITY:** DES MOINES
- **STATE:** IA
- **ZIP:** 50392
**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Principal National Life Insurance Co Variable Life Separate Account
- **CENTRAL INDEX KEY:** 0001526622

**ORGANIZATION NAME:**
- **EIN:** 341022982
- **STATE OF INCORPORATION:** IA
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 485APOS
- **SEC ACT:** 1933 Act
- **SEC FILE NUMBER:** 333-233170
- **FILM NUMBER:** 251429219

**BUSINESS ADDRESS:**
- **STREET 1:** PRINCIPAL FINANCIAL GROUP
- **STREET 2:** 711 HIGH STREET
- **CITY:** DES MOINES
- **STATE:** IA
- **ZIP:** 50392
- **BUSINESS PHONE:** 515-247-5461

**MAIL ADDRESS:**
- **STREET 1:** PRINCIPAL FINANCIAL GROUP
- **STREET 2:** 711 HIGH STREET
- **CITY:** DES MOINES
- **STATE:** IA
- **ZIP:** 50392

## Series and Classes Contracts Data

### Principal National Life Insurance Co Variable Life Separate Account (Series ID: S000034165)

| Class ID   | Class Name                                      | Ticker Symbol   |
|:---|:---|:---|
| C000215152 | Principal Executive Variable Universal Life III |  |

As filed with the Securities and Exchange Commission on October 29, 2025

Registration No. 333-233170

811-22589

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM N-6

REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933

**Post-Effective Amendment No. 9**

and/or

REGISTRATION STATEMENT UNDER THE INVESTMENT COMPANY ACT OF 1940

**Amendment No. 39**

<u>Principal National Life Insurance Company Variable Life Separate Account</u>

(Exact Name of Registrant)

<u>Principal National Life Insurance Company</u>

(Name of Depositor)

<u>Principal Financial Group, 711 High Street, Des Moines, Iowa 50392</u>

(Address of Depositor's Principal Executive Offices)

<u>(515) 246-5688</u>

(Depositor's Telephone Number, including Area Code)

Kate F. Stecklein

Principal Life Insurance Company

Principal Financial Group

Des Moines, Iowa 50392-0300

(317) 874-3803

(Name and Address of Agent for Service)

<u>Principal Executive Variable Universal Life III</u>

(Title of Securities Being Registered)

*Copy and correspondence to:*

Ronald Coenen Jr.

Eversheds Sutherland (US) LLP

700 Sixth Street, NW, Suite 700

Washington, DC 20001-3980

Approximate Date of Proposed Public Offering: Continuously on and after the effective date of this registration statement.

It is proposed that this filing will become effective (check appropriate box)

&nbsp;&nbsp;&nbsp;&nbsp;_____&nbsp;&nbsp;&nbsp;&nbsp;immediately upon filing pursuant to paragraph (b)

&nbsp;&nbsp;&nbsp;&nbsp;_____&nbsp;&nbsp;&nbsp;&nbsp;on (date) pursuant to paragraph (b)

&nbsp;&nbsp;&nbsp;&nbsp;_<u>XX</u>__&nbsp;&nbsp;&nbsp;&nbsp;60 days after filing pursuant to paragraph (a)(1)

&nbsp;&nbsp;&nbsp;&nbsp;_____&nbsp;&nbsp;&nbsp;&nbsp;on (date) pursuant to paragraph (a)(1) of Rule 485 under the Securities Act.

If appropriate, check the following box:

&nbsp;&nbsp;&nbsp;&nbsp;_____&nbsp;&nbsp;&nbsp;&nbsp;This post-effective amendment designates a new effective date for a previously filed post-effective amendment.

------

**EXPLANATORY NOTE**

Registrant is filing this post-effective amendment no. 9 (this "Amendment") for the sole purpose of supplementing the prospectus, dated May 1, 2025, for the Principal Executive Variable Universal Life III policy. <u>[Parts A and B contained in post-effective amendment no. 8 to this registration statement (File No. 333-233170), filed on April 30, 2025, are incorporated herein by reference.](https://www.sec.gov/ix?doc=/Archives/edgar/data/1526622/000152662225000017/ck0001526622-20250428.htm)</u> <u>[The supplement to the prospectus dated July 11, 2025, filed on July 11, 2025, is also incorporated herein by reference.](https://www.sec.gov/ix?doc=/Archives/edgar/data/1526622/000110465925067335/tm2520534d29_497.htm)</u> This Amendment does not amend Part A except as otherwise set forth in the prospectus supplement included herein. A new Part C is included as part of this Amendment.

**PRINCIPAL NATIONAL LIFE INSURANCE COMPANY VARIABLE LIFE SEPARATE ACCOUNT**

**SUPPLEMENT DATED DECEMBER 28, 2025**

**TO THE PROSPECTUS DATED MAY 1, 2025 FOR** 

**PRINCIPAL EXECUTIVE VARIABLE UNIVERSAL LIFE III** 

*This supplement updates information in the prospectus for Principal Executive Variable Universal Life III (the "Policy") issued by Principal National Life Insurance Company through the Principal National Life Insurance Company Variable Life Separate Account. Retain this supplement with the prospectus.* 

This supplement provides new information about fees and charges applicable to Policies issued on or after March 2, 2026, and makes other changes to the prospectus. Each of the revisions to the prospectus, as set forth below, are effective as of March 2, 2026.

**SUMMARY: FEE TABLES**

• *The table titled "Transaction Fees for Policy Dates on or after October 1, 2021" is re-titled "Transaction Fees for Policy Dates from October 1, 2021, through March 1, 2026".*

• *The following new table describing transaction fees for Policy Dates on or after March 2, 2026, is added:*

---

| | | |
|:---|:---|:---|
| **Transaction Fees for Policy Dates on or after March 2, 2026** | **Transaction Fees for Policy Dates on or after March 2, 2026** | **Transaction Fees for Policy Dates on or after March 2, 2026** |
| **Charge** | **When Charge is Deducted** | **Amount Deducted** |
| Sales Charge<sup>(1)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;upon receipt of premium |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Maximum |  | 6.75% of premium paid<sup>(2)</sup> |
| &nbsp;&nbsp;&nbsp;&nbsp;Current |  | 3.25% of premium paid<sup>(2)</sup> |
| Taxes (federal, state and local) | &nbsp;&nbsp;&nbsp;&nbsp;upon receipt of premium |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Maximum |  | 3.25% of premium paid |
| &nbsp;&nbsp;&nbsp;&nbsp;Current |  | 3.25% of premium paid |
| Transaction Fee for Unscheduled Partial Surrender | &nbsp;&nbsp;&nbsp;&nbsp;from each unscheduled partial surrender after the second unscheduled partial surrender in a Policy Year |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Maximum |  | The lesser of $25 or 2% of the amount surrendered |
| &nbsp;&nbsp;&nbsp;&nbsp;Current |  | The lesser of $25 or 2% of the amount surrendered |
| Transfer Fee for Unscheduled Division Transfer<sup>(3)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;upon each unscheduled Division transfer after the first unscheduled Division transfer in a Policy Month |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Maximum |  | $25 per unscheduled transfer |
| &nbsp;&nbsp;&nbsp;&nbsp;Current |  |  |
| Optional Insurance Benefits |  |  |
| &nbsp;&nbsp;Life Paid-Up Rider | &nbsp;&nbsp;&nbsp;&nbsp;on the date rider benefit begins |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Maximum (if Policy is issued with the guideline premium/cash value corridor test)<sup>(4)</sup> |  | 7.50% of Policy Value |
| &nbsp;&nbsp;&nbsp;&nbsp;Maximum (if the Policy is issued with the cash value accumulation test)<sup>(4)</sup> |  | 13.50% of Policy Value |
| &nbsp;&nbsp;&nbsp;&nbsp;Current (if Policy is issued with the guideline premium/cash value corridor test)<sup>(4)</sup> |  | 5.50% of Policy Value |
| &nbsp;&nbsp;&nbsp;&nbsp;Current (if the Policy is issued with the cash value accumulation test)<sup>(4)</sup> |  | 7.50% of Policy Value |

---

<sup>(1)</sup> The Sales Charge varies over time and also varies with the existence of the supplemental benefit rider, as described in CHARGES AND DEDUCTIONS - Premium Expense Charge.

------

<sup>(2)</sup> Premium paid up to Target Premium. The maximum sales charge on premium paid in excess of Target Premium is 3.00% for Policy Dates before October 1, 2021, 3.75% for Policy Dates from October 1, 2021 – March 1, 2026 and 6.75% for Policy Dates on or after March 2, 2026

<sup>(3)</sup> In addition to the fees shown, additional transfer fees or restrictions may be imposed by federal regulators, state regulators and/ or sponsors of the underlying mutual funds. See GENERAL DESCRIPTION OF THE POLICY.

<sup>(4)</sup> For more information regarding the guideline premium/cash value corridor test and the cash value accumulation test, see DEATH BENEFITS AND POLICY VALUES - IRS Definition of Life Insurance.

• *The table titled "Periodic Charges Other Than Annual Underlying Mutual Fund Expenses For Policy Dates on or after October 1, 2021" is re-titled "Periodic Charges Other Than Annual Underlying Mutual Fund Expenses For Policy Dates from October 1, 2021, through March 1, 2026".*

• *The following new table describing periodic charges for Policy Dates on or after March 2, 2026, is added:*

---

| | | |
|:---|:---|:---|
| **Periodic Charges Other Than Annual Underlying Mutual Fund Expenses**<br>**For Policy Dates on or after March 2, 2026** | **Periodic Charges Other Than Annual Underlying Mutual Fund Expenses**<br>**For Policy Dates on or after March 2, 2026** | **Periodic Charges Other Than Annual Underlying Mutual Fund Expenses**<br>**For Policy Dates on or after March 2, 2026** |
| **Charge** | **When Charge is**<br>**Deducted** | **Amount Deducted** |
| Cost of Insurance<sup>(1)</sup> | monthly |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Maximum |  | $83.33333 per $1,000 of Net Amount at Risk |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Minimum |  | $0.00585 per $1,000 of Net Amount at Risk |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Maximum Charge for Representative Insured<sup>(2)</sup> |  | $0.01455 per $1,000 of Net Amount at Risk  |
| &nbsp;&nbsp;&nbsp;&nbsp;Asset Based Charge for Base Face Amount<sup>(5)</sup><br>*Policy without Enhanced Cash Surrender Value Rider* | monthly |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Maximum |  | 0.90% of Division value per year |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Current Charge |  | 0.30% of Division value per year |
| &nbsp;&nbsp;&nbsp;*Policy with Enhanced Cash Surrender Value Rider (including 1.20 charge multiplier for 25% Enhancement Factor option)* |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Maximum |  | 0.90% of Division value per year |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Current Charge |  | 0.36% of Division value per year |
| &nbsp;&nbsp;&nbsp;*Policy with Enhanced Cash Surrender Value Rider (including 1.45 charge multiplier for 50% Enhancement Factor option)* |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Maximum |  | 0.90% of Division value per year |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Current |  | 0.44% of Division value per year |
| &nbsp;&nbsp;&nbsp;*Policy with Enhanced Cash Surrender Value Rider (including 1.65 charge multiplier for 75% Enhancement Factor option)* |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Maximum |  | 0.90% of Division value per year |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Current |  | 0.50% of Division value per year |
| &nbsp;&nbsp;&nbsp;*Policy with Enhanced Cash Surrender Value Rider (including 1.80 charge multiplier for 100% Enhancement Factor option)* |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Maximum |  | 0.90% of Division value per year |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Current |  | 0.54% of Division value per year |
| Monthly Policy Issue Charge<sup>(1)</sup> | monthly |  |
| &nbsp;&nbsp;&nbsp;&nbsp;*Policy without Supplemental Benefit Rider* |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Maximum |  | $1.08418 per $1,000 of Total Face Amount |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Minimum |  | $0.05467 per $1,000 of Total Face Amount |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Maximum Charge for Representative Insured<sup>(2)</sup> |  | $0.06000 per $1,000 of Total Face Amount |
| &nbsp;&nbsp;&nbsp;&nbsp;*Policy with Supplemental Benefit Rider* |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Maximum |  | $1.08418 per $1,000 of Total Face Amount |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Minimum |  | $0.00547 per $1,000 of Total Face Amount |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Maximum Charge for Representative Insured<sup>(2)</sup> |  | $0.04800 per $1,000 of Total Face Amount  |
| Net Policy Loan Charge<sup>(3)</sup> | annually (accrued daily) |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Maximum |  | 1.0% of Loan Indebtedness per year<sup>(4)</sup> |

---

------

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Current |  | 1.0% of Loan Indebtedness per year<sup>(4)</sup> |
| **Optional Insurance Benefits** | **Optional Insurance Benefits** | **Optional Insurance Benefits** |
| Supplemental Benefit Rider | monthly |  |
| *<u>Additional Asset Based Charge</u>*<sup>(5)</sup> |  |  |
| &nbsp;&nbsp;&nbsp;*Policy without Enhanced Cash Surrender Value Rider* |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Maximum |  | 0.90% of Division value per year |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Current |  | 0.15% of Division value per year |
| &nbsp;&nbsp;&nbsp;*Policy with Enhanced Cash Surrender Value Rider (including 1.20 charge multiplier for 25% Enhancement Factor option)* |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Maximum |  | 0.90% of Division value per year |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Current |  | 0.18% of Division value per year |
| &nbsp;&nbsp;&nbsp;*Policy with Enhanced Cash Surrender Value Rider (including 1.45 charge multiplier for 50% Enhancement Factor option)* |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Maximum |  | 0.90% of Division value per year |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Current |  | 0.22% of Division value per year |
| &nbsp;&nbsp;&nbsp;*Policy with Enhanced Cash Surrender Value Rider (including 1.65 charge multiplier for 75% Enhancement Factor option)* |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Maximum |  | 0.90% of Division value per year |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Current |  | 0.25% of Division value per year |
| &nbsp;&nbsp;&nbsp;*Policy with Enhanced Cash Surrender Value Rider (including 1.80 charge multiplier for 100% Enhancement Factor option)* |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Maximum |  | 0.90% of Division value per year |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Current |  | 0.27% of Division value per year |
| *<u>Cost of Supplemental Insurance Charge</u>*<sup>(1)</sup> |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Maximum |  | $83.33333 per $1,000 of Net Amount at Risk |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Minimum |  | $0.00374 per $1,000 of Net Amount at Risk |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Maximum Charge for Representative Insured<sup>(2)</sup> |  | $0.00873 per $1,000 of Net Amount at Risk |

---

<sup>(1)</sup> This charge varies based on individual characteristics, within the minimum and maximum shown. As a result, the current charge shown in the table may not be representative of the charge that you will pay. To obtain more information about the charge that would apply to you, contact your registered representative or call 1-800-247-9988 and request personalized illustrations.

<sup>(2)</sup> Current charges reflect the charges in effect as of the date of this prospectus for a Representative Insured, which is a 45 year-old male with a risk classification of preferred non-tobacco for Policy Year one.

<sup>(3)</sup> The difference between the interest charged on the Loan Indebtedness and the interest credited to the Loan Account.

<sup>(4)</sup> This charge decreases after Policy Year ten.

<sup>(5)</sup> For Policies issued on or after March 2, 2026, if you elect the Enhanced Cash Surrender Value Rider, the asset based charge(s) under your Policy will be increased by a designated multiplier, which varies based on the applicable Enhancement Factor option. The multiplier will be applied to the asset based charge for the proportionate Base Face Amount and, if elected, the Supplemental Benefit Rider. A higher Enhancement Factor will result in higher asset based charges compared to a lower Enhancement Factor. There is no multiplier to the asset based charge(s) if the Enhanced Cash Surrender Value Rider has not been elected. For details, see CHARGES AND DEDUCTIONS – Monthly Policy Charge.

**CORPORATE ORGANIZATION AND OPERATION** 

• *Under* ***The Fixed Account****, the following text is deleted from the second bullet under the third paragraph: "(in states where approved; otherwise, we apply the rate(s) in effect before October 1, 2021 regardless of Policy Date)."*

**CHARGES AND DEDUCTIONS**

• *Under the subsection* ***Premium Expense Charge (Sales Charge and Taxes)****:*

o*The table titled "Premium Expense Charge (as a % of Premium Paid) (Up to Target Premium) For Policy Dates on or after October 1, 2021\*" is re-titled "Premium Expense Charge (as a % of Premium Paid) (Up to Target Premium) For Policy Dates from October 1, 2021, through March 1, 2026".*

------

o*The table titled "Premium Expense Charge (as a % of Premium Paid) (Over Target Premium) For Policy Dates on or after October 1, 2021\*" is re-titled "Premium Expense Charge (as a % of Premium Paid) (Over Target Premium) For Policy Dates from October 1, 2021, through March 1, 2026".* 

o*After each of the above-referenced tables, the following text is deleted: "\*In states where approved; otherwise we apply the rate(s) in effect before October 1, 2021 regardless of Policy Date.*"

o*The following new tables for Policy Dates on or after March 2, 2026 are added:*

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Premium Expense Charge (as a % of Premium Paid) (Up to Target Premium)**<br>**For Policy Dates on or after March 2, 2026** | **Premium Expense Charge (as a % of Premium Paid) (Up to Target Premium)**<br>**For Policy Dates on or after March 2, 2026** | **Premium Expense Charge (as a % of Premium Paid) (Up to Target Premium)**<br>**For Policy Dates on or after March 2, 2026** | **Premium Expense Charge (as a % of Premium Paid) (Up to Target Premium)**<br>**For Policy Dates on or after March 2, 2026** | **Premium Expense Charge (as a % of Premium Paid) (Up to Target Premium)**<br>**For Policy Dates on or after March 2, 2026** |
| | **Years since issue**<br>**or Adjustment** | **Sales Charge** | **Federal, State and**<br>**Local Taxes**  | **Total** |
| **&nbsp;&nbsp;&nbsp;&nbsp;Current Charges**<sup>(1)</sup> | all years | 3.25% | 3.25% | 6.50% |
| **Maximum Charges**<sup>(2)</sup> | all years | 6.75% | 3.25% | 10.00% |

---

<sup>(1)</sup> &nbsp;&nbsp;&nbsp;&nbsp;When the Supplemental Benefit Rider is elected, the year 2 Target Premium and applicable sales charge is calculated based upon the following three-tiered structure as follows (<u>current</u> sales charge noted):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<sup>•</sup> 3.25% is charged up to the Target Premium that is proportionately lower with Supplemental Benefit Rider (SBR target) compared to a policy without this rider (full base).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<sup>•</sup> 0.50% is charged between SBR target and the applicable full base policy Target Premium.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<sup>•</sup> 0.25% is charged on the excess above the full base policy Target Premium.

<sup>(2)&nbsp;&nbsp;&nbsp;&nbsp;</sup>When the Supplemental Benefit Rider is elected, the year 2 Target Premium and applicable sales charge is calculated based upon a three-tiered structure as follows (<u>maximum</u> sales charge noted):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• 6.75% maximum is charged up to the Target Premium that is proportionately lower with Supplemental Benefit Rider (SBR target) compared to a policy without this rider (full base).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• 6.75% maximum is charged between SBR target and the applicable full base policy Target Premium.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• 6.75% maximum is charged on the excess above the full base policy Target Premium.

---

| | | | | |
|:---|:---|:---|:---|:---|
| <br>**Premium Expense Charge (as a % of Premium Paid) (Over Target Premium)**<br>**For Policy Dates on or after March 2, 2026** | <br>**Premium Expense Charge (as a % of Premium Paid) (Over Target Premium)**<br>**For Policy Dates on or after March 2, 2026** | <br>**Premium Expense Charge (as a % of Premium Paid) (Over Target Premium)**<br>**For Policy Dates on or after March 2, 2026** | <br>**Premium Expense Charge (as a % of Premium Paid) (Over Target Premium)**<br>**For Policy Dates on or after March 2, 2026** | <br>**Premium Expense Charge (as a % of Premium Paid) (Over Target Premium)**<br>**For Policy Dates on or after March 2, 2026** |
| | **Years since issue**<br>**or Adjustment** | **Sales Charge** | **Federal, State and**<br>**Local Taxes**  | **Total** |
| **Maximum Charges** | all years | 6.75% | 3.25% | 10.00% |

---

• *Under the subsection* ***Monthly Policy Charge****:*

o*The first paragraph under <u>Cost of Insurance Charge</u> is replaced with the following:*

This charge compensates us for providing insurance protection under the Policy. We base this charge on several factors including, but not limited to, (i) the Insured's gender (if applicable), issue age, tobacco status, and risk classification, and (ii) our expectations of future investment earnings, expenses, state and federal taxes, mortality and persistency experience, market conditions, and revenue for profit. The monthly cost of insurance rate for Policy Dates before March 2, 2026, ranges from a minimum of $0.00167 per $1,000 Net Amount at Risk to a maximum of $83.33333 per $1,000 Net Amount at Risk. The monthly cost of insurance rate for Policy Dates on or after March 2, 2026, ranges from a minimum of $0.00585 per $1,000 Net Amount at Risk to a maximum of $83.33333 per $1,000 Net Amount at Risk.

o*The last sentence under <u>Asset Based Charge</u> is replaced with the following:*

For Policy Dates from October 1, 2021 through March 1, 2026, the asset based charge is 0.35% in all years.

For Policy Dates on or after March 2, 2026, the asset based charge is proportioned as follows according to the percentage of Base Face Amount and, if elected, the Supplemental Benefit Rider:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Asset based charge for the Base Face Amount (before multiplier for the Enhanced Cash Surrender Value Rider, if elected):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Maximum: 0.90% of Net Policy Value per year

------

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Current: 0.30% of Net Policy Value per year

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Asset based charge for the Supplemental Benefit Rider (before multiplier for the Enhanced Cash Surrender Value Rider, if elected)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Maximum: 0.90% of Net Policy Value per year

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Current: 0.15% of Net Policy Value per year

If the Enhanced Cash Surrender Value Rider has been elected, the asset based charge(s) under the Policy will be increased by a multiplier based on the applicable Enhancement Factor option, as follows:

---

| | |
|:---|:---|
| Enhancement Factor option | multiplier |
| 25% | 1.20 |
| 50% | 1.45 |
| 75% | 1.65 |
| 100% | 1.80 |

---

A higher Enhancement Factor will result in higher asset based charges compared to a lower Enhancement Factor. *See* SUMMARY: FEE TABLES for the asset based charges after application of the Enhancement Factor option multipliers.

o*The following text is deleted from under <u>Monthly Policy Charge</u>: "(in states where approved, otherwise we apply the rate(s) in effect before October 1, 2021 regardless of Policy Date)".*

**DEATH BENEFITS AND POLICY VALUES**

• *Under* ***Death Benefit Options****, in the last paragraph of the example, the following text is deleted: "(in states where approved; otherwise we apply the rate(s) in effect before October 1, 2021 regardless of Policy Date)".* 

• *Under* ***IRS Definition of Life Insurance,*** *after the second table, the following text is deleted: "(in states where approved; otherwise we apply the rate(s) in effect before October 1, 2021 regardless of Policy Date)".* 

**OPTIONAL BENEFITS UNDER THE POLICY** 

• *In the benefit table, the rows for the Enhanced Cash Surrender Value Rider and Supplemental Benefit Rider are replaced with the following:*

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Optional Benefit/Rider** | **Purpose** | **Standard/**<br>**Optional** | **Charge** | **Other Restrictions/Limitations** |
| Enhanced Cash Surrender Value Rider | If you surrender a Policy in full, we will pay an amount in addition to the Net Policy Value | Optional | Yes | Underwriting guidelines and plan premium levels determine availability to select the enhanced cash surrender options. Contact your registered representative for more information.<br>Election will result in higher asset based charges. |
| Supplemental Benefit Rider | Provides additional insurance (Total Face Amount) at a reduced cost | Optional | Yes | Our approval, under our then current underwriting guidelines, is required to add this rider. The supplemental cost of insurance rate applies. For Policy Dates on or after March 2, 2026, additional asset based charges also apply. |

---

• *Under the subsection <u>Enhanced Cash Surrender Value Rider</u>, the last three paragraphs (including the Additional Amount table) are replaced with the following:*

The Enhanced Cash Surrender Value Rider benefit is equal to the additional amount shown in the applicable table below, multiplied by the Enhancement Factor. There are four Enhancement Factor options available - 25%, 50%, 75%, or 100%. Underwriting guidelines and plan premium levels determine availability to select these options. Higher Enhancement Factors are available for relatively larger plan premium levels. Contact your registered representative for more information.

**For Policy Dates before March 2, 2026\***

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| | |
|:---|:---|
| **Policy Year of Surrender** | **Additional Amount** |
| 1 | 8.15% of premium received since issue less partial surrenders |
| 2 | 9.50% of premium received since issue less partial surrenders |
| 3 | 9.40% of premium received since issue less partial surrenders |
| 4 | 9.00% of premium received since issue less partial surrenders |
| 5 | 8.40% of premium received since issue less partial surrenders |
| 6 | 7.50% of premium received since issue less partial surrenders |
| 7 | 6.50% of premium received since issue less partial surrenders |
| 8 | 5.50% of premium received since issue less partial surrenders |
| 9 | 4.75% of premium received since issue less partial surrenders |
| 10 | 4.00% of premium received since issue less partial surrenders |
| 11 | 3.00% of premium received since issue less partial surrenders |
| 12 | 2.00% of premium received since issue less partial surrenders |
| 13 | 0.90% of premium received since issue less partial surrenders |
| 14+ | 0.00% of premium received since issue less partial surrenders |

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\*There is no initial cost to purchase this rider, however, your Policy Value will be impacted because a higher current asset based charge will be deducted from your Policy Value with 100% Enhancement Factor as compared to a Policy issued without this rider. This higher current asset based charge will continue even if this rider terminates.

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**For Policy Dates on or after March 2, 2026\*\***

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| | |
|:---|:---|
| **Policy Year of Surrender** | **Additional Amount** |
| 1 | 8.00% of premium received since issue less partial surrenders |
| 2 | 7.20% of premium received since issue less partial surrenders |
| 3 | 6.50% of premium received since issue less partial surrenders |
| 4 | 5.75% of premium received since issue less partial surrenders |
| 5 | 5.10% of premium received since issue less partial surrenders |
| 6 | 4.50% of premium received since issue less partial surrenders |
| 7 | 3.90% of premium received since issue less partial surrenders |
| 8 | 2.95% of premium received since issue less partial surrenders |
| 9 | 1.90% of premium received since issue less partial surrenders |
| 10 | 0.90% of premium received since issue less partial surrenders |
| 11 | 0.00% of premium received since issue less partial surrenders |
| 12 | 0.00% of premium received since issue less partial surrenders |
| 13 | 0.00% of premium received since issue less partial surrenders |
| 14+ | 0.00% of premium received since issue less partial surrenders |

---

\*\*There is no initial cost to purchase this rider, however, the asset based charge(s) under the Policy will be increased based on a designated multiplier, which varies based on the applicable Enhancement Factor option. The multiplier will be applied to the asset based charge for the proportionate Base Face Amount and, if elected, the Supplemental Benefit Rider. The higher current asset based charge(s) will continue even if this rider terminates. See SUMMARY: FEE TABLES and CHARGES AND DEDUCTIONS for additional information about asset based charges under the Policy

• *Under <u>Supplemental Benefit Rider</u>, the second paragraph is replaced with the following:*

There is a supplemental cost of insurance charge for the Net Amount at Risk provided by this rider. The supplemental cost of insurance rate varies depending upon the Insured's gender, issue age, duration since issue and Adjustment, tobacco status, and risk classification, and is determined based on, without limitation, our expectations as to our future earnings, expenses, state and federal taxes, mortality and persistency experience, market conditions, and revenue for profit. For Policy Dates before March 2, 2026, the supplemental cost of insurance rate ranges from a maximum of $83.33333 per $1,000 Net Amount at Risk to $0.00062 per $1,000 Net Amount at Risk. For Policy Dates on or after March 2, 2026, the supplemental cost of insurance rate ranges from a maximum of $83.33333 per $1,000 Net Amount at Risk to $0.00374 per $1,000 Net Amount at Risk.

In addition to the supplemental cost of insurance charge, for Policy Dates on or after March 2, 2026, there is an additional asset based charge for the Supplemental Benefit Rider. The maximum asset based charge for the Supplemental Benefit Rider with or without the Enhanced Cash Surrender Value Rider will always be 0.90% of the Division value per year.. See SUMMARY: FEE TABLES and CHARGES AND DEDUCTIONS for additional information about asset based charges under the Policy.

**LOANS**

• *Under* ***Policy Loans****, in the sixth bullet point, the following text is deleted: "(in states where approved; otherwise we apply the rate(s) in effect before October 1, 2021 regardless of Policy Date)".* 

• *Under* ***Loan Account****, in the second bullet point, the following text is deleted: "(in states where approved; otherwise we apply the rate(s) in effect before October 1, 2021 regardless of Policy Date)".* 

**Part C**

**Other Information**

**Item 30. Exhibits**

Unless otherwise noted, documents containing Accession Numbers below have previously been filed with the Securities and Exchange Commission and are incorporated herein by reference.

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| | | |
|:---|:---|:---|
| (a) | <u>[Resolution of Board of Directors of the Depositor (Incorporated by Reference from Exhibit (a) to Registrant's Filing on Form N-6 on 07/25/2011)(Accession No. 0000898745-11-000511)](https://www.sec.gov/Archives/edgar/data/1526622/000089874511000511/a-boardofresolution.htm)</u> | <u>[Resolution of Board of Directors of the Depositor (Incorporated by Reference from Exhibit (a) to Registrant's Filing on Form N-6 on 07/25/2011)(Accession No. 0000898745-11-000511)](https://www.sec.gov/Archives/edgar/data/1526622/000089874511000511/a-boardofresolution.htm)</u> |
| (b) | **Custodian Agreement** - N/A | **Custodian Agreement** - N/A |
| (c) | **Underwriting Contracts** | **Underwriting Contracts** |
|  | (1) | <u>[Distribution Agreement dated February 1, 2009 (Incorporated by Reference from Exhibit (c1) to Registrant's Filing on Form N-6 on 07/25/2011)(Accession No. 0000898745-11-000511)](https://www.sec.gov/Archives/edgar/data/1526622/000089874511000511/c1-distributionagreement.htm)</u> |
|  | (2) | <u>[Broker Dealer Marketing and Servicing Agreement for Variable Life Policies - Incorporated by Reference from Exhibit (c2) to Registrant's Filing on Form N-6 on 08/02/2019 (Accession No. 0001526622-19-000018)](https://www.sec.gov/Archives/edgar/data/1526622/000152662219000018/ex99c2-brokerdealermarketi.htm)</u> |
|  | (3) | <u>[Registered Representative Agreement - Incorporated by Reference from Exhibit (c3) to Registrant's Filing on Form N-6 on 08/02/2019 (Accession No. 0001526622-19-000018)](https://www.sec.gov/Archives/edgar/data/1526622/000152662219000018/ex99c3registeredrepagmt.htm)</u> |
| (d) | **Contracts** | **Contracts** |
|  | (d1) | <u>[Form of Variable Life Contract (Filed as Exhibit (D1) on 08/09/2019)(Accession No. 0001526622-19-000022)](https://www.sec.gov/Archives/edgar/data/1526622/000152662219000022/ex99d1-formofvariblelifeco.htm)</u> |
|  | (d2) | <u>[Form of Change of Insured Rider (Filed as Exhibit (D2) on 08/09/2019)(Accession No. 0001526622-19-000022)](https://www.sec.gov/Archives/edgar/data/1526622/000152662219000022/ex99d2-formofchangeofinsur.htm)</u> |
|  | (d3) | <u>[Form of Death Benefit Guarantee Rider (Filed as Exhibit (D3) on 08/09/2019)(Accession No. 0001526622-19-000022)](https://www.sec.gov/Archives/edgar/data/1526622/000152662219000022/ex99d3-formofdeathbenefitg.htm)</u> |
|  | (d4) | <u>[Form of Enhanced Cash Surrender Value Rider (Filed as Exhibit (D4) on 08/09/2019)(Accession No. 0001526622-19-000022)](https://www.sec.gov/Archives/edgar/data/1526622/000152662219000022/ex99d4-formofcashsurrender.htm)</u> |
|  | (d5) | <u>[Form of Supplemental Benefit Rider (Filed as Exhibit (D5) on 08/09/2019)(Accession No. 0001526622-19-000022)](https://www.sec.gov/Archives/edgar/data/1526622/000152662219000022/ex99d5-formofsupplementalb.htm)</u> |
|  | (d6) | <u>[Form of Life Paid-up Rider (Filed as Exhibit (D6) on 08/09/2019)(Accession No. 0001526622-19-000022)](https://www.sec.gov/Archives/edgar/data/1526622/000152662219000022/ex99d6-formoflifepaidxupri.htm)</u> |
|  | (d7) | <u>[Form of Aviation Exclusion Rider (Filed as Exhibit (D7) on 08/09/2019)(Accession No. 0001526622-19-000022)](https://www.sec.gov/Archives/edgar/data/1526622/000152662219000022/ex99d7-formofaviationexclu.htm)</u> |
|  | (d8) | <u>[Form of Hazardous Sports Exclusion Rider (Filed as Exhibit (D8) on 08/09/2019)(Accession No. 0001526622-19-000022)](https://www.sec.gov/Archives/edgar/data/1526622/000152662219000022/ex99d8-formofhazardousspor.htm)</u> |
| (e) | **Applications** | **Applications** |
|  | (e1) | <u>[Form of Life Insurance Application (Filed as Exhibit (E1) on 08/09/2019)(Accession No. 0001526622-19-000022)](https://www.sec.gov/Archives/edgar/data/1526622/000152662219000022/ex99e1formoflifeinsapp.htm)</u> |
|  | (e2) | <u>[Form of Guaranteed/Simplified Issue Life Insurance Application (Filed as Exhibit (E2) on 08/09/2019)(Accession No. 0001526622-19-000022)](https://www.sec.gov/Archives/edgar/data/1526622/000152662219000022/ex99e2formofguarsimplifi.htm)</u> |
|  | (e3) | <u>[Form of Multi-Life Guaranteed Issue Life Insurance Application (Filed as Exhibit (E3) on 08/09/2019)(Accession No. 0001526622-19-000022)](https://www.sec.gov/Archives/edgar/data/1526622/000152662219000022/ex99e3formofmultilifeguar.htm)</u> |
|  | (e4) | <u>[Form of Supplemental Application (Filed as Exhibit (E4) on 08/09/2019)(Accession No. 0001526622-19-000022)](https://www.sec.gov/Archives/edgar/data/1526622/000152662219000022/ex99e4formofsupplementalapp.htm)</u> |
| (f) | **Depositor's Certificate of Incorporation and By-laws** | **Depositor's Certificate of Incorporation and By-laws** |
|  | (1) | <u>[Articles of Incorporation of the Depositor (Incorporated by Reference from Exhibit (f1) to Registrant's Filing on Form N-6 on 07/25/2011)(Accession No. 0000898745-11-000511)](https://www.sec.gov/Archives/edgar/data/1526622/000089874511000511/f1-pnlicarticles.htm)</u> |
|  | (2) | <u>[Bylaws of Depositor (Incorporated by Reference from Bylaws of Depositor (Incorporated by Reference from Exhibit (f2) to Registrant's Filing on Form N-6 on 07/25/2011)(Accession No. 0000898745-11-000511) Exhibit (f2) to Registrant's Filing on Form N-6 on 07/25/2011)(Accession No. 0000898745-11-000511)](https://www.sec.gov/Archives/edgar/data/1526622/000089874511000511/f2-pnlicbylaws.htm)</u> |
| (g) | **Reinsurance Contracts -** <u>[Incorporated by Reference from Exhibit (g) to Registrant's Filing on Form N-6 on 10/19/2011 (Accession No. 0000898745-11-000724)](https://www.sec.gov/Archives/edgar/data/1526622/000089874511000724/g-reinsurancecontract.htm)</u> | **Reinsurance Contracts -** <u>[Incorporated by Reference from Exhibit (g) to Registrant's Filing on Form N-6 on 10/19/2011 (Accession No. 0000898745-11-000724)](https://www.sec.gov/Archives/edgar/data/1526622/000089874511000724/g-reinsurancecontract.htm)</u> |

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| | | |
|:---|:---|:---|
| (h) | **Participation Agreements** | **Participation Agreements** |
|  | **1. AllianceBernstein** | **1. AllianceBernstein** |
|  | (a) | <u>[Participation Agreement dated December 15, 2014 (Filed as Exhibit (h)(1)(a) on 10/19/2011)(Accession No. 0000898745-11-000724)](https://www.sec.gov/Archives/edgar/data/1526622/000089874511000724/a-1abpa.htm)</u> |
|  | (b) | <u>[Amendment to Participation Agreement dated January 1, 2008 (Incorporated by Reference From Exhibit (h)(1)(b) to Registrant's Filing on Form N-6 on 10/19/2011)(Accession No. 0000898745-11-000724)](https://www.sec.gov/Archives/edgar/data/1526622/000089874511000724/b-1amendtopa.htm)</u> |
|  | (c) | <u>[Administrative Services Agreement dated December 15, 2004 (Incorporated by Reference from Exhibit (h)(1)(c) to the Form N-6 Filed on 10/19/2011)(Accession No. 0000898745-11-000724)](https://www.sec.gov/Archives/edgar/data/1526622/000089874511000724/a-1abpa.htm)</u> |
|  | (d) | <u>[Rule 22c-2 Agreement dated April 16, 2007 (Incorporated by Reference From Exhibit (h)(1)(d) to Registrant's Filing on Form N-6 on 10/19/2011)(Accession No. 0000898745-11-000724)](https://www.sec.gov/Archives/edgar/data/1526622/000089874511000724/d-1rule22c2.htm)</u> |
|  | (e) | <u>[Amendment 2 to Participation Agreement dated May 1, 2011 (Filed as Exhibit (h)(1)(e) on 12/09/2011)(Accession No. 0000898745-11-000809)](https://www.sec.gov/Archives/edgar/data/1526622/000089874511000809/e1-allianam2pa.htm)</u> |
|  | (f) | <u>[Amendment 3 to Participation Agreement dated November 1, 2011 (Filed as Exhibit (h)(1)(f) on 12/09/2011)(Accession No. 0000898745-11-000809)](https://www.sec.gov/Archives/edgar/data/1526622/000089874511000809/f1-allianamn3pa.htm)</u> |
|  | (g) | <u>[Amendment 1 to Administrative Services Agreement dated November 1, 2011 (Filed as Exhibit (h)(1)(g) on 12/09/2011)(Accession No. 0000898745-11-000809)](https://www.sec.gov/Archives/edgar/data/1526622/000089874511000809/g1-allianamn1asa.htm)</u> |
|  | (h) | <u>[Amendment 1 to Rule 22c-2 Agreement dated November 1, 2011 (Filed as Exhibit (h)(1)(h) on 12/09/2011)(Accession No. 0000898745-11-000809)](https://www.sec.gov/Archives/edgar/data/1526622/000089874511000809/h1-allianamn122c2.htm)</u> |
|  | **2. American Century** | **2. American Century** |
|  | (a) | <u>[Shareholder Services Agreement dated March 18, 1999 (Incorporated by Reference From Exhibit (h)(2)(a) to Registrant's Filing on Form N-6 on 10/19/2011)(Accession No. 0000898745-11-000724)](https://www.sec.gov/Archives/edgar/data/1526622/000089874511000724/a-2acshsa.htm)</u> |
|  | (b) | <u>[Amendment 1 to Shareholder Services Agreement dated May 1, 2001 (Incorporated by Reference From Exhibit (h)(2)(b) to Registrant's Filing on Form N-6 on 10/19/2011)(Accession No. 0000898745-11-000724)](https://www.sec.gov/Archives/edgar/data/1526622/000089874511000724/b-2acamdt1toshsa.htm)</u> |
|  | (c) | <u>[Amendment 2 to Shareholder Services Agreement dated May 1, 2002 (Incorporated by Reference From Exhibit (h)(2)(c) to Registrant's Filing on Form N-6 on 10/19/2011)(Accession No. 0000898745-11-000724)](https://www.sec.gov/Archives/edgar/data/1526622/000089874511000724/c-2acamend2shsa.htm)</u> |
|  | (d) | <u>[Amendment 3 to Shareholder Services Agreement dated May 1, 2004 (Incorporated by Reference From Exhibit (h)(2)(d) to Registrant's Filing on Form N-6 on 10/19/2011)(Accession No. 0000898745-11-000724)](https://www.sec.gov/Archives/edgar/data/1526622/000089874511000724/d-2acamend3shsa.htm)</u> |
|  | (e) | <u>[Amendment 4 to Shareholder Services Agreement dated October 13, 2005 (Incorporated by Reference From Exhibit (h)(2)(e) to Registrant's Filing on Form N-6 on 10/19/2011)(Accession No. 0000898745-11-000724)](https://www.sec.gov/Archives/edgar/data/1526622/000089874511000724/e-2acaamend4shsa.htm)</u> |
|  | (f) | <u>[Rule 22c-2 Agreement dated April 16, 2007 (Incorporated by Reference From Exhibit (h)(2)(f) to Registrant's Filing on Form N-6 on 10/19/2011)(Accession No. 0000898745-11-000724)](https://www.sec.gov/Archives/edgar/data/1526622/000089874511000724/f-2acrule22c21.htm)</u> |
|  | (g) | <u>[Amendment 5 to Shareholder Services Agreement dated June 1, 2011 (Filed as Exhibit (h)(2)(g) on 12/09/2011)(Accession No. 0000898745-11-000809)](https://www.sec.gov/Archives/edgar/data/1526622/000089874511000809/g2-acamn5ssa.htm)</u> |
|  | (h) | <u>[Amendment 6 to Shareholder Services Agreement dated November 1, 2011 (Filed as Exhibit (h)(2)(h) on 12/09/2011)(Accession No. 0000898745-11-000809)](https://www.sec.gov/Archives/edgar/data/1526622/000089874511000809/h2-acamn6ssa.htm)</u> |
|  | (i) | <u>[Amendment 1 to Rule 22c-2 Agreement dated November 1, 2011 (Filed as Exhibit (h)(2)(i) on 12/09/2011)(Accession No. 0000898745-11-000809)](https://www.sec.gov/Archives/edgar/data/1526622/000089874511000809/i2-acamn122c2.htm)</u> |
|  | (j) | <u>[Amendment 7 to Shareholder Services Agreement dated March 20, 2014 (Filed as Exhibit (h)2(j) on 04/28/2014 (Accession No. 0001526622-14-000005)](https://www.sec.gov/Archives/edgar/data/1526622/000152662214000005/partagrmt-amcentamdt7shlds.htm)</u> |
|  | **3. American Funds** | **3. American Funds** |
|  | (a) | <u>[Fund Participation and Service Agreement dated May 1, 2014 -- Filed as exhibit 99.h03(a) on 04/27/2015 (Accession No. 0001526622-15-000016)](https://www.sec.gov/Archives/edgar/data/1526622/000152662215000016/partagrmt-amfundsx050114.htm)</u> |
|  | (b) | <u>[Rule 22c-2 Agreement dated May 19, 2014 -- Filed as exhibit 99.h03(b) on 04/27/2015 (Accession No. 0001526622-15-000016)](https://www.sec.gov/Archives/edgar/data/1526622/000152662215000016/partagrmt-amfunds22c2x0519.htm)</u> |
|  | (c) | <u>[Business Agreement dated May 1, 2014 -- Filed as exhibit 99.h03(c) on 04/27/2015 (Accession No. 0001526622-15-000016)](https://www.sec.gov/Archives/edgar/data/1526622/000152662215000016/partagrmt-amfundsbusagrmtx.htm)</u> |
|  | (d) | <u>[Form of First Amendment To Fund Participation and Service Agreement -- Filed as exhibit 99.h03(d) on 04/27/2015 (Accession No. 0001526622-15-000016)](https://www.sec.gov/Archives/edgar/data/1526622/000152662215000016/partagrmt-amfundsamdt1xfor.htm)</u> |
|  | **4. Calvert Variable Series, Inc.** | **4. Calvert Variable Series, Inc.** |
|  | (a) | <u>[Consolidated Fund Participation Agreement dated November 1, 2011 (Filed as Exhibit (h)(3)(a) on 12/09/2011)(Accession No. 0000898745-11-000809)](https://www.sec.gov/Archives/edgar/data/1526622/000089874511000809/a3-calvertfpa.htm)</u> |
|  | (b) | <u>[Amendment to Consolidated Fund Participation Agreement dated April 30, 2014 -- Filed as exhibit 99.h04(b) on 04/27/2015 (Accession No. 0001526622-15-000016)](https://www.sec.gov/Archives/edgar/data/1526622/000152662215000016/partagrmt-calvertamdt10430.htm)</u> |
|  | (c) | <u>[Consolidated Administrative Services Agreement dated November 1, 2011 (Filed as Exhibit (h)(3)(b) on 12/09/2011)(Accession No. 0000898745-11-000809)](https://www.sec.gov/Archives/edgar/data/1526622/000089874511000809/b3-calvertasa.htm)</u> |

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| | |
|:---|:---|
| (d) | <u>[Amendment to Consolidated Services Agreement dated April 30, 2014 -- Filed as exhibit 99.h04(d) on 04/27/2015 (Accession No. 0001526622-15-000016)](https://www.sec.gov/Archives/edgar/data/1526622/000152662215000016/partagrmt-calvertxamdconss.htm)</u> |
| (e) | <u>[Rule 22c-2 Agreement (PLIC) dated March 29, 2007 -- Filed as exhibit 99.h04(e) on 04/27/2015 (Accession No. 0001526622-15-000016)](https://www.sec.gov/Archives/edgar/data/1526622/000152662215000016/partagrmt-calvert22cx2x032.htm)</u> |
| (f) | <u>[Rule 22c-2 Agreement (Princor) dated April 10, 2007 -- Filed as exhibit 99.h04(f) on 04/27/2015 (Accession No. 0001526622-15-000016)](https://www.sec.gov/Archives/edgar/data/1526622/000152662215000016/partagrmt-calvert22cx20410.htm)</u> |
| **5. ClearBridge (Legg Mason)** | **5. ClearBridge (Legg Mason)** |
| (a) | <u>[Participation Agreement dated April 26, 2013 (Filed as Exhibit (h)5(a) on 04/25/2014 (Accession No. 0000812797-14-000019)](https://www.sec.gov/Archives/edgar/data/812797/000081279714000019/partagrmt-leggmasonpartagr.htm)</u> |
| (b) | <u>[Administrative Services Agreement dated April 26, 2013 (Filed as Exhibit (h)5(b) on 04/25/2014 (Accession No. 0000812797-14-000019)](https://www.sec.gov/Archives/edgar/data/812797/000081279714000019/partagrmt-leggmasonadminsv.htm)</u> |
| **6. Delaware Distributors** | **6. Delaware Distributors** |
| (a) | <u>[Fund Participation Agreement dated November 1, 2011 (Incorporated by Reference From Exhibit (h)(4)(a) to Registrant's Filing on Form N-6 on 12/09/2011)(Accession No. 0000898745-11-000809)](https://www.sec.gov/Archives/edgar/data/1526622/000089874511000809/a4-ddfpa.htm)</u> |
| (b) | <u>[Administrative Services Agreement dated November 1, 2011 (Incorporated by Reference From Exhibit (h)(4)(b) to Registrant's Filing on Form N-6 on 12/09/2011)(Accession No. 0000898745-11-000809)](https://www.sec.gov/Archives/edgar/data/1526622/000089874511000809/b4-ddasa.htm)</u> |
| **7. Dreyfus** | **7. Dreyfus** |
| (a) | <u>[Participation Agreement dated March 26, 2001 (Incorporated by Reference from Exhibit (8)(d)(1) to the Form N-4 filed on 05/01/2008 by Principal Life Insurance Co Separate Account B, File No. 333-116220)(Accession No. 0000950137-08-006515)](https://www.sec.gov/Archives/edgar/data/9713/000095013708006515/c26052bpexv99wx8d1y.htm)</u> |
| (b) | <u>[Amendment to Participation Agreement dated March 26, 2002 (Incorporated by Reference from Exhibit (8)(d)(1) to the Form N-4 filed on 05/01/2008 by Principal Life Insurance Co Separate Account B, File No. 333-116220)(Accession No. 0000950137-08-006515)](https://www.sec.gov/Archives/edgar/data/9713/000095013708006515/c26052bpexv99wx8d1y.htm)</u> |
| (c) | <u>[Amendment 2 to Participation Agreement dated April 15, 2011 (Filed as Exhibit (h)7(g) on 04/25/2014 (Accession No. 0000812797-14-000019)](https://www.sec.gov/Archives/edgar/data/812797/000081279714000019/partagrmt-dreyfusamdt20415.htm)</u> |
| (d) | <u>[Amendment 3 to Participation Agreement dated April 25, 2012 (Filed as Exhibit (h)7(i) on 04/25/2014 (Accession No. 0000812797-14-000019)](https://www.sec.gov/Archives/edgar/data/812797/000081279714000019/partagrmt-dreyfusamdt30425.htm)</u> |
| (e) | <u>[Administrative Services Agreement dated March 26, 2002 (Incorporated by Reference from Exhibit (8)(d)(2) to the Form N-4 filed on 05/01/2008 by Principal Life Insurance Co Separate Account B, File No. 333-116220)(Accession No. 0000950137-08-006515)](https://www.sec.gov/Archives/edgar/data/9713/000095013708006515/c26052bpexv99wx8d2y.htm)</u> |
| (f) | <u>[Amendment to Administrative Services Agreement dated September 1, 2004 (Incorporated by Reference from Exhibit (8)(d)(2) to the Form N-4 filed on 05/01/2008 by Principal Life Insurance Co Separate Account B, File No. 333-116220)(Accession No. 0000950137-08-006515)](https://www.sec.gov/Archives/edgar/data/9713/000095013708006515/c26052bpexv99wx8d2y.htm)</u> |
| (g) | <u>[Amendment 2 to Administrative Services Agreement dated April 25, 2012 (Filed as Exhibit (h)7(j) on 04/25/2014 (Accession No. 0000812797-14-000019)](https://www.sec.gov/Archives/edgar/data/812797/000081279714000019/partagrmt-dreyfusamdt2admi.htm)</u> |
| (h) | <u>[12b-1 Letter Agreement dated March 26, 2001 (Incorporated by Reference from Exhibit (8)(d)(3) to the Form N-4 filed on 05/01/2008 by Principal Life Insurance Co Separate Account B, File No. 333-116220)(Accession No. 0000950137-08-006515)](https://www.sec.gov/Archives/edgar/data/9713/000095013708006515/c26052bpexv99wx8d3y.htm)</u> |
| (i) | <u>[12b-1 Letter Agreement for Service Class Shares dated March 26, 2002 -- Filed as exhibit 99.h07(i) on 04/27/2015 (Accession No. 0001526622-15-000016)](https://www.sec.gov/Archives/edgar/data/1526622/000152662215000016/partagrmt-dreyfus12bx1ltrs.htm)</u> |
| (j) | <u>[Amendment to 12b-1 Letter Agreement dated September 1, 2004 (Incorporated by Reference from Exhibit (8)(d)(3) to the Form N-4 filed on 05/01/2008 by Principal Life Insurance Co Separate Account B, File No. 333-116220)(Accession No. 0000950137-08-006515)](https://www.sec.gov/Archives/edgar/data/9713/000095013708006515/c26052bpexv99wx8d3y.htm)</u> |
| (k) | <u>[Amendment 2 to 12b-1 Letter Agreement dated April 25, 2012 (Filed as Exhibit (h)7(h) on 04/25/2014 (Accession No. 0000812797-14-000019)](https://www.sec.gov/Archives/edgar/data/812797/000081279714000019/partagrmt-dreyfusamdt212b1.htm)</u> |
| (l) | <u>[Rule 22c-2 (Supplemental) Agreement dated April 16, 2007 -- Filed as exhibit 99.h07(l) on 04/27/2015 (Accession No. 0001526622-15-000016)](https://www.sec.gov/Archives/edgar/data/1526622/000152662215000016/partagrmt-dreyfus22cx2x041.htm)</u> |
| **8. DWS** | **8. DWS** |
| (a) | <u>[Participation Agreement dated December 1, 2007 (Incorporated by Reference from Exhibit (h)(5) to the Form N-6 Filed on 06/26/2008 by Principal Life Insurance Co Variable Life Separate Account, File No. 333-146896)(Accession No. 0000950137-08-008766)](https://www.sec.gov/Archives/edgar/data/812797/000095013708008766/c23523a3exv99wxh5y.htm)</u> |
| (b) | <u>[Amendment 1 to Participation Agreement dated January 5, 2011 (Incorporated by Reference from Exhibit (h)(10) to the Form N-6 Filed on 04/27/2011 by Principal Life Insurance Co Variable Life Separate Account, File No. 333-65690 (Accession No. 0000898745-11-000198)](https://www.sec.gov/Archives/edgar/data/812797/000089874511000198/h10-dwspartagrmtno1.htm)</u> |
| (c) | <u>[Amendment 2 to Participation Agreement dated May 1, 2011 (Filed as Exhibit (h)7(c) on 04/28/2014 (Accession No. 0001526622-14-000005)](https://www.sec.gov/Archives/edgar/data/1526622/000152662214000005/partagrmt-dwsamdt2050111.htm)</u> |

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|:---|:---|
| (d) | <u>[Amendment 3 to Participation Agreement dated December 18, 2012 (Filed as Exhibit (h)7(d) on 04/28/2014 (Accession No. 0001526622-14-000005)](https://www.sec.gov/Archives/edgar/data/1526622/000152662214000005/partagrmt-dwsamdt3121812.htm)</u> |
| (e) | <u>[Amendment 4 to Participation Agreement dated April 10, 2013 (Filed as Exhibit (h)7(e) on 04/28/2014 (Accession No. 0001526622-14-000005)](https://www.sec.gov/Archives/edgar/data/1526622/000152662214000005/partagrmt-dwsamdt4x041013.htm)</u> |
| **9. Fidelity Distributors Corporation** | **9. Fidelity Distributors Corporation** |
| (a) | <u>[Participation Agreement dated December 2, 2011 (Incorporated by Reference From Exhibit (h)(5)(a) to Registrant's Filing on Form N-6 on 12/09/2011)(Accession No. 0000898745-11-000809)](https://www.sec.gov/Archives/edgar/data/1526622/000089874511000809/a5-fidelitypa.htm)</u> |
| (b) | <u>[Amendment 1 to Participation Agreement dated December 2, 2011 (Incorporated by Reference From Exhibit (h)(5)(b) to Registrant's Filing on Form N-6 on 12/09/2011)(Accession No. 0000898745-11-000809)](https://www.sec.gov/Archives/edgar/data/1526622/000089874511000809/b5-fidelityam1pa.htm)</u> |
| (c) | <u>[Amendment to Participation Agreement dated October 15, 2019 - Filed as Exhibit 99.(h)9(c) on 04/28/2020 (Accession No. 0001526622-20-000017)](https://www.sec.gov/Archives/edgar/data/1526622/000152662220000017/ex99fidelityamendtopartagm.htm)</u> |
| **10. Franklin Templeton** | **10. Franklin Templeton** |
| (a) | <u>[Amended and Restated Participation Agreement dated November 1, 2007 (Incorporated by Reference from Exhibit (h)(7)(b) to the Form N-6 Filed on 06/26/2008 by Principal Life Insurance Co Variable Life Separate Account, File No. 333-146896) (Accession No. 0000950137-08-008766)](https://www.sec.gov/Archives/edgar/data/812797/000095013708008766/c23523a3exv99wxh7by.htm)</u> |
| (b) | <u>[Amendment 1 to Amended and Restated Participation Agreement dated September 10, 2009 (Filed as Exhibit (h)(7)(b) on 10/19/2011)(Accession No. 0000898745-11-000724)](https://www.sec.gov/Archives/edgar/data/1526622/000089874511000724/b-7franklamend1pa.htm)</u> |
| (c) | <u>[Amendment 2 to Amended and Restated Participation Agreement dated August 16, 2010 (Filed as Exhibit (h)(7)(c) on 10/19/2011)(Accession No. 0000898745-11-000724)](https://www.sec.gov/Archives/edgar/data/1526622/000089874511000724/c-7frankamend2pa.htm)</u> |
| (d) | <u>[Participation Agreement Addendum dated May 1, 2011 (Filed as Exhibit (h)(7)(e) on 10/19/2011)(Accession No. 0000898745-11-000724)](https://www.sec.gov/Archives/edgar/data/1526622/000089874511000724/e-7frankaddmpa.htm)</u> |
| (e) | <u>[Amendment 3 to Amended and Restated Participation Agreement dated November 1, 2011 (Filed as Exhibit (h)(7)(d) on 10/19/2011)(Accession No. 0000898745-11-000724)](https://www.sec.gov/Archives/edgar/data/1526622/000089874511000724/d-7frankamdmt3pa.htm)</u> |
| (f) | <u>[Amendment 4 to Amended and Restated Participation Agreement dated September 16, 2013 (Filed as Exhibit (h)10(j) on 04/25/2014 (Accession No. 0000812797-14-000019)](https://www.sec.gov/Archives/edgar/data/812797/000081279714000019/partagrmt-franklinamdt4x09.htm)</u> |
| (g) | <u>[Amendment 5 to Amended and Restated Participation Agreement dated May 1, 2014 -- Filed as exhibit 99.h10(g) on 04/27/2015 (Accession No. 0001526622-15-000016)](https://www.sec.gov/Archives/edgar/data/1526622/000152662215000016/partagrmt-franklinamdt5x05.htm)</u> |
| (h) | <u>[Amendment 6 to Amended and Restated Participation Agreement dated September 16, 2014 -- Filed as exhibit 99.h10(h) on 04/27/2015 (Accession No. 0001526622-15-000016)](https://www.sec.gov/Archives/edgar/data/1526622/000152662215000016/partagrmt-franklinamd6x091.htm)</u> |
| (i) | <u>[Administrative Services Agreement dated December 14, 2007 (Incorporated by Reference from Exhibit (h)(7)(c) to Registrant's Filing on Form N-6 on 6/26/08)(Accession No. 0000950137-08-008766)](https://www.sec.gov/Archives/edgar/data/812797/000095013708008766/c23523a3exv99wxh7cy.htm)</u> |
| (j) | <u>[Amendment 1 to Administrative Services Agreement dated September 10, 2009 (Filed as Exhibit (h)(7)(g) on 10/19/2011)(Accession No. 0000898745-11-000724)](https://www.sec.gov/Archives/edgar/data/1526622/000089874511000724/g-7frankamd1asa.htm)</u> |
| (k) | <u>[Amendment 2 to Administrative Services Agreement dated April 20, 2011 (Filed as Exhibit (h)(7)(h) on 10/19/2011)(Accession No. 0000898745-11-000724)](https://www.sec.gov/Archives/edgar/data/1526622/000089874511000724/h-7frankamdt2asa.htm)</u> |
| (l) | <u>[Amendment 3 to Administrative Services Agreement dated November 1, 2011 (Filed as Exhibit (h)(7)(i) on 10/19/2011)(Accession No. 0000898745-11-000724)](https://www.sec.gov/Archives/edgar/data/1526622/000089874511000724/i-7frankamdt3asa.htm)</u> |
| (m) | <u>[Amendment 4 to Administrative Services Agreement dated May 24, 2013 -- Filed as Exhibit 99.h10(m) on 04/27/2015 (Accession No. 0001526622-15-000016)](https://www.sec.gov/Archives/edgar/data/1526622/000152662215000016/partagrmt-franklinasaamdt4.htm)</u> |
| (n) | <u>[Amendment 5 to Administrative Services Agreement dated May 1, 2014 - Filed as Exhibit 99(h)(10)(n) on 04/27/2017 (Accession No. 0001526622-15-000011)](https://www.sec.gov/Archives/edgar/data/1526622/000152662217000011/ex99h-partagrmtxftasaamdt5.htm)</u> |
| (o) | <u>[Amendment 6 to Administrative Services Agreement dated August 30, 2016 - Filed as Exhibit 99(h)(10)(o) on 04/27/2017 (Accession No. 0001526622-15-000011)](https://www.sec.gov/Archives/edgar/data/1526622/000152662217000011/ex99h-partagrmtxftasaamdt6.htm)</u> |
| (p) | <u>[Shareholder Information Agreement dated April 16, 2007 (Filed as Exhibit (h)(7)(a) to the Form N-6 Filed on 06/26/2008 by Principal Life Insurance Co Variable Life Separate Account, File No. 333-146896)(Accession No. 0000950137-08-008766)](https://www.sec.gov/Archives/edgar/data/812797/000095013708008766/c23523a3exv99wxh7ay.htm)</u> |
| (q) | <u>[Amendment to Shareholder Information Agreement (22c-2) dated April 2015 -- Filed as exhibit 99.h10(o) on 04/27/2015 (Accession No. 0001526622-15-000016)](https://www.sec.gov/Archives/edgar/data/1526622/000152662215000016/partagrmt-franklinx22c2amd.htm)</u> |
| (r) | <u>[Amendment to Participation Agreement Addendum dated March 31, 2015 -- Filed as exhibit 99.h10(p) on 04/27/2015 (Accession No. 0001526622-15-000016)](https://www.sec.gov/Archives/edgar/data/1526622/000152662215000016/partagrmt-franklinamdt0331.htm)</u> |
| **11. Invesco (formerly AIM Advisors, Inc.)** | **11. Invesco (formerly AIM Advisors, Inc.)** |
| (a) | <u>[Participation Agreement dated June 8, 1999 (Incorporated by Reference From Exhibit (h)(8)(a) to Registrant's Filing on Form N-6 on 10/19/2011)(Accession No. 0000898745-11-000724)](https://www.sec.gov/Archives/edgar/data/1526622/000089874511000724/a-8invescopa1.htm)</u> |
| (b) | <u>[Amendment to Participation Agreement dated April 1, 2001 (Incorporated by Reference From Exhibit (h)(8)(b) to Registrant's Filing on Form N-6 on 10/19/2011)(Accession No. 0000898745-11-000724)](https://www.sec.gov/Archives/edgar/data/1526622/000089874511000724/b-8invesco.htm)</u> |
| (c) | <u>[Amendment 2 to Participation Agreement dated May 1, 2002 (Incorporated by Reference From Exhibit (h)(8)(c) to Registrant's Filing on Form N-6 on 10/19/2011)(Accession No. 0000898745-11-000724)](https://www.sec.gov/Archives/edgar/data/1526622/000089874511000724/c-8invesco.htm)</u> |

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|:---|:---|
| (d) | <u>[Amendment 3 to Participation Agreement dated August 15, 2002 (Incorporated by Reference From Exhibit (h)(8)(d) to Registrant's Filing on Form N-6 on 10/19/2011)(Accession No. 0000898745-11-000724)](https://www.sec.gov/Archives/edgar/data/1526622/000089874511000724/d-8invesco.htm)</u> |
| (e) | <u>[Amendment 4 to Participation Agreement dated January 8, 2003 (Incorporated by Reference From Exhibit (h)(8)(e) to Registrant's Filing on Form N-6 on 10/19/2011)(Accession No. 0000898745-11-000724)](https://www.sec.gov/Archives/edgar/data/1526622/000089874511000724/e-8invesco.htm)</u> |
| (f) | <u>[Amendment 5 to Participation Agreement dated February 14, 2003 (Incorporated by Reference From Exhibit (h)(1)(f) to Registrant's Filing on Form N-6 on 10/19/2011)(Accession No. 0000898745-11-000724)](https://www.sec.gov/Archives/edgar/data/1526622/000089874511000724/f-8invesco.htm)</u> |
| (g) | <u>[Amendment 6 to Participation Agreement dated April 30, 2004 (Incorporated by Reference From Exhibit (h)(8)(g) to Registrant's Filing on Form N-6 on 10/19/2011)(Accession No. 0000898745-11-000724)](https://www.sec.gov/Archives/edgar/data/1526622/000089874511000724/g-8invesco.htm)</u> |
| (h) | <u>[Amendment 7 to Participation Agreement dated April 29, 2005 (Incorporated by Reference From Exhibit (h)(8)(h) to Registrant's Filing on Form N-6 on 10/19/2011)(Accession No. 0000898745-11-000724)](https://www.sec.gov/Archives/edgar/data/1526622/000089874511000724/h-8nvesco.htm)</u> |
| (i) | <u>[Amendment 8 to Participation Agreement dated May 1, 2006 (Incorporated by Reference From Exhibit (h)(8)(i) to Registrant's Filing on Form N-6 on 10/19/2011)(Accession No. 0000898745-11-000724)](https://www.sec.gov/Archives/edgar/data/1526622/000089874511000724/i-8nvesco.htm)</u> |
| (j) | <u>[Amendment 9 to Participation Agreement dated April 30, 2010 (Filed as Exhibit (h)(8)(j) on 10/19/2011)(Accession No. 0000898745-11-000724)](https://www.sec.gov/Archives/edgar/data/1526622/000089874511000724/j-8invesco.htm)</u> |
| (k) | <u>[Amendment 10 to Participation Agreement dated April 1, 2011 (Filed as Exhibit (h)(8)(k) on 10/19/2011)(Accession No. 0000898745-11-000724)](https://www.sec.gov/Archives/edgar/data/1526622/000089874511000724/k-8invesco.htm)</u> |
| (l) | <u>[Distribution Services Agreement dated October 1, 2002 (Incorporated by Reference From Exhibit (h)(8)(l) to Registrant's Filing on Form N-6 on 10/19/2011)(Accession No. 0000898745-11-000724)](https://www.sec.gov/Archives/edgar/data/1526622/000089874511000724/l-8invescodsa.htm)</u> |
| (m) | <u>[Rule 22c-2 Agreement dated April 16, 2007 (Incorporated by Reference From Exhibit (h)(8)(m) to Registrant's Filing on Form N-6 on 10/19/2011)(Accession No. 0000898745-11-000724)](https://www.sec.gov/Archives/edgar/data/1526622/000089874511000724/m-8invesco22c2.htm)</u> |
| (n) | <u>[Administrative Services Agreement dated June 8, 1999 (Incorporated by Reference From Exhibit (h)(8)(n) to Registrant's Filing on Form N-6 on 10/19/2011)(Accession No. 0000898745-11-000724)](https://www.sec.gov/Archives/edgar/data/1526622/000089874511000724/n-8invescoasa.htm)</u> |
| (o) | <u>[Amendment 1 to Administrative Services Agreement dated April 30, 2004 (Incorporated by Reference From Exhibit (h)(8)(o) to Registrant's Filing on Form N-6 on 10/19/2011)(Accession No. 0000898745-11-000724)](https://www.sec.gov/Archives/edgar/data/1526622/000089874511000724/o-8invesco.htm)</u> |
| (p) | <u>[Amendment 11 to Participation Agreement dated November 1, 2011 (Incorporated by Reference From Exhibit (h)(7)(p) to Registrant's Filing on Form N-6 on 12/09/2011)(Accession No. 0000898745-11-000809)](https://www.sec.gov/Archives/edgar/data/1526622/000089874511000809/p7-invescoamen11pa.htm)</u> |
| (q) | <u>[Amendment 2 to Administrative Services Agreement dated November 1, 2011 (Filed as Exhibit (h)(7)(q) on 12/09/2011)(Accession No. 0000898745-11-000809)](https://www.sec.gov/Archives/edgar/data/1526622/000089874511000809/q7-invescoamn2asa.htm)</u> |
| (r) | <u>[Amendment 1 to Rule 22c-2 Agreement dated November 1, 2011 (Filed as Exhibit (h)(7)(r) on 12/09/2011)(Accession No. 0000898745-11-000809)](https://www.sec.gov/Archives/edgar/data/1526622/000089874511000809/r7-invescoamen122c2.htm)</u> |
| **12. Janus** | **12. Janus** |
| (a) | <u>[Fund Participation Agreement dated August 28, 2000 (Filed as Exhibit (h)(9)(a) on 10/19/2011)(Accession No. 0000898745-11-000724)](https://www.sec.gov/Archives/edgar/data/1526622/000089874511000724/a-9januspa.htm)</u> |
| (b) | <u>[Amendment 1 to Participation Agreement dated April 1, 2001 (Incorporated by Reference from Exhibit (h)(8) to Registrant's Filing on Form N-6 on 6/26/08)(Accession No. 0000950137-08-008766)](https://www.sec.gov/Archives/edgar/data/812797/000095013708008766/0000950137-08-008766-index.htm)</u> |
| (c) | <u>[Amendment 2 to Participation Agreement October 16, 2001 (Incorporated by Reference from Exhibit (h)(8) to Registrant's Filing on Form N-6 on 6/26/08)(Accession No. 0000950137-08-008766)](https://www.sec.gov/Archives/edgar/data/812797/000095013708008766/0000950137-08-008766-index.htm)</u> |
| (d) | <u>[Amendment 3 to Participation Agreement dated May 1, 2002 (Incorporated by Reference from Exhibit (h)(8) to Registrant's Filing on Form N-6 on 6/26/08)(Accession No. 0000950137-08-008766)](https://www.sec.gov/Archives/edgar/data/812797/000095013708008766/0000950137-08-008766-index.htm)</u> |
| (e) | <u>[Amendment 4 to Participation Agreement dated September 3, 2002 (Filed as Exhibit (h)(9)(e) on 10/19/2011)(Accession No. 0000898745-11-000724)](https://www.sec.gov/Archives/edgar/data/1526622/000089874511000724/e-9januspaamndt4.htm)</u> |
| (f) | <u>[Amendment 5 to Participation Agreement dated January 8, 2003 (Filed as Exhibit (h)(9)(f) on 10/19/2011)(Accession No. 0000898745-11-000724)](https://www.sec.gov/Archives/edgar/data/1526622/000089874511000724/f-9januspaamndt5.htm)</u> |
| (g) | <u>[Amendment 6 to Participation Agreement dated August 20, 2007 (Filed as Exhibit (h)(9)(g) on 10/19/2011)(Accession No. 0000898745-11-000724)](https://www.sec.gov/Archives/edgar/data/1526622/000089874511000724/g-9januspaamndt6.htm)</u> |
| (h) | <u>[Amendment 7 to Participation Agreement dated November 1, 2011 (Filed as Exhibit (h)(8)(k) on 12/09/2011)(Accession No. 0000898745-11-000809)](https://www.sec.gov/Archives/edgar/data/1526622/000089874511000809/k8-janusamn2pa.htm)</u> |
| (i) | <u>[Amendment 8 to Participation Agreement dated February 24, 2012 (Filed as Exhibit (h)13(o) on 04/25/2014 (Accession No. 0000812797-14-000019)](https://www.sec.gov/Archives/edgar/data/812797/000081279714000019/partagrmt-janusamdt8022412.htm)</u> |
| (j) | <u>[Amendment to Participation Agreement dated October 15, 2019 - Filed as Exhibit 99.(h)12(j) on 04/28/2020 (Accession No. 0001526622-20-000017)](https://www.sec.gov/Archives/edgar/data/1526622/000152662220000017/ex99janusamendtofundpartag.htm)</u> |
| (k) | <u>[Distribution & Shareholder Services Agreement (Service Shares) dated August 28, 2000 (Incorporated by Reference from Exhibit (h)(8) to Registrant's Filing on Form N-6 on 6/26/08)(Accession No. 0000950137-08-008766)](https://www.sec.gov/Archives/edgar/data/812797/000095013708008766/c23523a3exv99wxh8y.htm)</u> |
| (l) | <u>[Acceptance Letter of New Distribution and Shareholder Services Agreement dated October 19, 2001 -- Filed as exhibit 99.h12(k) on 04/27/2015 (Accession No. 0001526622-15-000016)](https://www.sec.gov/Archives/edgar/data/1526622/000152662215000016/partagrmt-janusacceptltrdi.htm)</u> |
| (m) | <u>[Amendment 1 to Distribution and Shareholder Services Agreement dated November 1, 2011 (Incorporated by Reference from Exhibit (h)(8)(l) to the Form N-6 filed on 12/09/2011)(Accession No. 0000898745-11-000809)](https://www.sec.gov/Archives/edgar/data/1526622/000089874511000809/l8-janusamn1dssa.htm)</u> |

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|:---|:---|
| (n) | <u>[Administrative Services Letter Agreement dated August 14, 2006 (Incorporated by Reference from Exhibit (h)(8) to the Form N-6 Filed on 06/26/2008 by Principal Life Insurance Co Variable Life Separate Account, File No. 333-146896)(Accession No. 0000950137-08-008766)](https://www.sec.gov/Archives/edgar/data/812797/000095013708008766/0000950137-08-008766-index.htm)</u> |
| (o) | <u>[Administrative Services Letter Agreement dated May 6, 2008 -- Filed as exhibit 99.h12(n) on 04/27/2015 (Accession No. 0001526622-15-000016)](https://www.sec.gov/Archives/edgar/data/1526622/000152662215000016/partagrmt-janusasaltrx0506.htm)</u> |
| (p) | <u>[Amendment 1 to Administrative Services Letter Agreement dated November 1, 2011 (Filed as Exhibit (h)(8)(m) on 12/09/2011)(Accession No. 0000898745-11-000809)](https://www.sec.gov/Archives/edgar/data/1526622/000089874511000809/m8-janusamn1la.htm)</u> |
| (q) | <u>[Supplemental Agreement dated April 12, 2007 to Distribution, Shareholder Servicing, Administrative Servicing and Fund/SERV Agreements Letter dated August 14, 2006 -- Filed as exhibit 99.h12(p) on 04/27/2015 (Accession No. 0001526622-15-000016)](https://www.sec.gov/Archives/edgar/data/1526622/000152662215000016/partagrmt-janussuppagrmtlt.htm)</u> |
| (r) | <u>[Amendment to Administrative Services Letter Agreement dated October 15, 2019 - Filed as Exhibit 99.(h)12(r) on 04/28/2020 (Accession No. 0001526622-20-000017)](https://www.sec.gov/Archives/edgar/data/1526622/000152662220000017/ex99janusamendtoadminsrvcs.htm)</u> |
| (s) | <u>[Rule 22c-2 Agreement dated April 16, 2007 (Filed as Exhibit (h)(9)(j) on 10/19/2011)(Accession No. 0000898745-11-000724)](https://www.sec.gov/Archives/edgar/data/1526622/000089874511000724/j-9janusrule22c21.htm)</u> |
| (t) | <u>[Amendment 1 to Rule 22c-2 Agreement dated November 1, 2011 (Filed as Exhibit (h)(8)(n) on 12/09/2011)(Accession No. 0000898745-11-000809)](https://www.sec.gov/Archives/edgar/data/1526622/000089874511000809/n8-janusamn122c2.htm)</u> |
| (u) | <u>[Letter regarding Handling of Mutual Fund Orders dated May 20, 2005 -- Filed as exhibit 99.h12(s) on 04/27/2015 (Accession No. 0001526622-15-000016)](https://www.sec.gov/Archives/edgar/data/1526622/000152662215000016/partagrmt-janusltrrehandli.htm)</u> |
| **13. Lincoln** | **13. Lincoln** |
| (a) | <u>[Participation Agreement with Lincoln Variable Insurance Products Trust dated April 26, 2021 - Filed on 04/30/2024 (Accession No. 0001526622-24-000021)](https://www.sec.gov/Archives/edgar/data/1526622/000152662224000021/ex99h-lincolnparticipationa.htm)</u> |
| (b) | <u>[Amendment to Participation Agreement with Lincoln Variable Insurance Products Trust dated May 1, 2023 - Filed on 04/30/2024 (Accession No. 0001526622-24-000021)](https://www.sec.gov/Archives/edgar/data/1526622/000152662224000021/ex99h-lincolnparticipation.htm)</u> |
| (c) | <u>[Amendment to Participation Agreement with Lincoln Variable Insurance Products Trust dated April 29, 2024 - Filed on 04/30/2024 (Accession No. 0001526622-24-000021)](https://www.sec.gov/Archives/edgar/data/1526622/000152662224000021/ex99h-lincolnamdmttofundpa.htm)</u> |
| (d) | <u>[Distribution Services Agreement with Lincoln Financial Distributors, Inc. dated April 26, 2021 - Filed on 04/30/2024 (Accession No. 0001526622-24-000021)](https://www.sec.gov/Archives/edgar/data/1526622/000152662224000021/ex99h-lincolndistsrvcsagmt.htm)</u> |
| (e) | <u>[Amendment to Distribution Services Agreement with Lincoln Financial Distributors, Inc. dated April 29, 2024 - Filed on 04/30/2024 (Accession No. 0001526622-24-000021)](https://www.sec.gov/Archives/edgar/data/1526622/000152662224000021/ex99h-lincolnamdmttodistri.htm)</u> |
| (f) | <u>[Administrative Services Agreement with Lincoln Financial Investments Corporation dated May 1, 2023 - Filed on 04/30/2024 (Accession No. 0001526622-24-000021)](https://www.sec.gov/Archives/edgar/data/1526622/000152662224000021/ex99h-lincolnadminservices.htm)</u> |
| (g) | <u>[Amendment to Administrative Services Agreement with Lincoln Financial Investments Corporation dated April 29, 2024 - Filed on 04/30/2024 (Accession No. 0001526622-24-000021)](https://www.sec.gov/Archives/edgar/data/1526622/000152662224000021/ex99h-lincolnamndtoadminis.htm)</u> |
| **14. Lord Abbett** | **14. Lord Abbett** |
| (a) | <u>[Participation Agreement dated May 1, 2016 -- Filed as Exhibit 99(h)13(a) on 04/27/2017 (Accession No. 0001526622-17-000011)](https://www.sec.gov/Archives/edgar/data/1526622/000152662217000011/ex99h13a-partagrmtxlordabb.htm)</u> |
| (b) | <u>[Administrative Service Agreement dated May 1, 2016 -- Filed as Exhibit 99(h)13(b) on 04/27/2017 (Accession No. 0001526622-17-000011)](https://www.sec.gov/Archives/edgar/data/1526622/000152662217000011/ex99h13b-partagrmtxlordabb.htm)</u> |
| (c) | <u>[Service Agreement Letter dated May 1, 2016 -- Filed as Exhibit 99(h)13(c) on 04/26/2017 (Accession No. 0001526622-15-000016)](https://www.sec.gov/Archives/edgar/data/1526622/000152662217000011/ex99h13c-partagrmtxlordabb.htm)</u> |
| (d) | <u>[Support Payment Agreement dated May 1, 2016 -- Filed as Exhibit 99(h)13(d) on 04/27/2017 (Accession No. 0001526622-17-000011)](https://www.sec.gov/Archives/edgar/data/1526622/000152662217000011/ex99h13d-partagrmtxlordabb.htm)</u> |
| **15. MFS** | **15. MFS** |
| (a) | <u>[Amended and Restated Participation Agreement dated May 1, 2013 -- Filed as Exhibit (h)12(a) on 04/28/2014 (Accession No. 0001526622-14-000005)](https://www.sec.gov/Archives/edgar/data/1526622/000152662214000005/partagrmt-mfs050113.htm)</u> |
| (b) | <u>[Amended and Restated Fund/Serv Supplement dated May 1, 2013 -- Filed as Exhibit (h)12(b) on 04/28/2014 (Accession No. 0001526622-14-000005)](https://www.sec.gov/Archives/edgar/data/1526622/000152662214000005/partagrmt-mfsfundservnetwo.htm)</u> |
| (c) | <u>[Amended and Restated Administrative Services Letter dated April 1, 2016 -- Filed as exhibit 99.h.14(c) on 02/21/2017 (Accession No. 0000812797-17-000003)](https://www.sec.gov/Archives/edgar/data/812797/000081279714000039/partagrmt-mfsadminsvcsltr0.htm)</u> |
| (d) | <u>[Rule 22c-2 Agreement dated April 16, 2007 (Filed as Exhibit (h)(10)(m) on 10/19/2011)(Accession No. 0000898745-11-000724)](https://www.sec.gov/Archives/edgar/data/1526622/000089874511000724/m-10mfsrule22c21.htm)</u> |
| (e) | <u>[Amendment 1 to Rule 22c-2 Agreement dated November 1, 2011 (Filed as Exhibit (h)(9)(n) on 12/09/2011)(Accession No. 0000898745-11-000809)](https://www.sec.gov/Archives/edgar/data/1526622/000089874511000809/o9-mfsamn1122c2.htm)</u> |
| **16. Neuberger Berman Advisors** | **16. Neuberger Berman Advisors** |
| (a) | <u>[Participation Agreement dated May 1, 2002 (Incorporated by Reference From Exhibit (h)(11)(a) to Registrant's Filing on Form N-6 on 10/19/2011)(Accession No. 0000898745-11-000724)](https://www.sec.gov/Archives/edgar/data/1526622/000089874511000724/a-11neubergerpa.htm)</u> |

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| | |
|:---|:---|
| (b) | <u>[Amendment 1 to Participation Agreement dated September 3, 2002 (Incorporated by Reference From Exhibit (h)(11)(b) to Registrant's Filing on Form N-6 on 10/19/2011)(Accession No. 0000898745-11-000724)](https://www.sec.gov/Archives/edgar/data/1526622/000089874511000724/b-11neuberger.htm)</u> |
| (c) | <u>[Amendment 2 to Participation Agreement dated January 6, 2003 (Incorporated by Reference From Exhibit (h)(11)(c) to Registrant's Filing on Form N-6 on 10/19/2011)(Accession No. 0000898745-11-000724)](https://www.sec.gov/Archives/edgar/data/1526622/000089874511000724/c-11neuberger.htm)</u> |
| (d) | <u>[Amendment 3 to Participation Agreement dated September 15, 2004 (Incorporated by Reference From Exhibit (h)(11)(d) to Registrant's Filing on Form N-6 on 10/19/2011)(Accession No. 0000898745-11-000724)](https://www.sec.gov/Archives/edgar/data/1526622/000089874511000724/d-11neuberger.htm)</u> |
| (e) | <u>[Distribution and Administrative Services Agreement dated September 15, 2004 (Incorporated by Reference From Exhibit (h)(11)(e) to Registrant's Filing on Form N-6 on 10/19/2011)(Accession No. 0000898745-11-000724)](https://www.sec.gov/Archives/edgar/data/1526622/000089874511000724/e-11neuberger.htm)</u> |
| (f) | <u>[Rule 22c-2 Agreement dated April 16, 2007 (Incorporated by Reference From Exhibit (h)(11)(f) to Registrant's Filing on Form N-6 on 10/19/2011)(Accession No. 0000898745-11-000724)](https://www.sec.gov/Archives/edgar/data/1526622/000089874511000724/f-11neuberger.htm)</u> |
| (g) | <u>[Amendment 4 to Participation Agreement dated November 1, 2011 (Filed as Exhibit (h)(10)(g) on 12/09/2011)(Accession No. 0000898745-11-000809)](https://www.sec.gov/Archives/edgar/data/1526622/000089874511000809/g10-nbamn4pa.htm)</u> |
| (h) | <u>[Amendment 1 to Distribution and Administrative Services Agreement dated November 1, 2011(Filed as Exhibit (h)(10)(h) on 12/09/2011)(Accession No. 0000898745-11-000809)](https://www.sec.gov/Archives/edgar/data/1526622/000089874511000809/h10-nbamn1dasa.htm)</u> |
| (i) | <u>[Amendment 1 to Rule 22c-2 Agreement dated November 1, 2011 (Filed as Exhibit (h)(10)(i) on 12/09/2011)(Accession No. 0000898745-11-000809)](https://www.sec.gov/Archives/edgar/data/1526622/000089874511000809/i10-nbamn122c2.htm)</u> |
| **17. Oppenheimer** | **17. Oppenheimer** |
| (a) | <u>[Participation Agreement dated December 21, 2007 (Incorporated by Reference From Exhibit (h)(11)(a) to Registrant's Filing on Form N-6 on 12/09/2011)(Accession No. 0000898745-11-000809)](https://www.sec.gov/Archives/edgar/data/1526622/000089874511000809/a11-oppenpa.htm)</u> |
| (b) | <u>[Amendment 1 to Participation Agreement dated November 9, 2011 (Filed as Exhibit (h)(11)(b) on 12/09/2011)(Accession No. 0000898745-11-000809)](https://www.sec.gov/Archives/edgar/data/1526622/000089874511000809/b11-oppenam1pa.htm)</u> |
| (c) | <u>[Administrative Services Letter Agreement dated December 21, 2007 (Filed as Exhibit (h)(11)(c) on 12/09/2011)(Accession No. 0000898745-11-000809)](https://www.sec.gov/Archives/edgar/data/1526622/000089874511000809/c11-oppenasla.htm)</u> |
| (d) | <u>[Amendment 1 to Administrative Services Letter Agreement dated November 9, 2011 (Filed as Exhibit (h)(11)(d) on 12/09/2011)(Accession No. 0000898745-11-000809)](https://www.sec.gov/Archives/edgar/data/1526622/000089874511000809/d11-oppenamn1asla.htm)</u> |
| **18. PIMCO** | **18. PIMCO** |
| (a) | <u>[Participation Agreement dated March 9, 2009 (Filed as Exhibit (h)16(a) to Form N-6 filed by Principal Life Insurance Company Variable Life Separate Account on 04/30/2014) (Accession No. 0000812797-14-000039)](https://www.sec.gov/Archives/edgar/data/812797/000081279714000039/partagrmt-pimco0309092.htm)</u> |
| (b) | <u>[Novation and Amendment dated October 22, 2010 (Filed as Exhibit (h)16(b) to Form N-6 filed by Principal Life Insurance Company Variable Life Separate Account on 04/30/2014) (Accession No. 0000812797-14-000039)](https://www.sec.gov/Archives/edgar/data/812797/000081279714000039/partagrmt-pimconovationamd.htm)</u> |
| (c) | <u>[Novation 1 dated October 22, 2010 (Filed as Exhibit (h)16(c) to Form N-6 filed by Principal Life Insurance Company Variable Life Separate Account on 04/30/2014) (Accession No. 0000812797-14-000039)](https://www.sec.gov/Archives/edgar/data/812797/000081279714000039/partagrmt-pimconovation110.htm)</u> |
| (d) | <u>[Novation 2 dated October 22, 2010 (Filed as Exhibit (h)16(d) to Form N-6 filed by Principal Life Insurance Company Variable Life Separate Account on 04/30/2014) (Accession No. 0000812797-14-000039)](https://www.sec.gov/Archives/edgar/data/812797/000081279714000039/partagrmt-pimconovation2x1.htm)</u> |
| (e) | <u>[Administrative Services Agreement (PIMCO Services) dated March 9, 2009 (Filed as Exhibit (h)16(e) to Form N-6 filed by Principal Life Insurance Company Variable Life Separate Account on 04/30/2014) (Accession No. 0000812797-14-000039)](https://www.sec.gov/Archives/edgar/data/812797/000081279714000039/partagrmt-pimcoadminsvcsag.htm)</u> |
| (f) | <u>[Administrative Services Agreement (PIMCO Trust) dated March 9, 2009 (Filed as Exhibit (h)16(f) to Form N-6 filed by Principal Life Insurance Company Variable Life Separate Account on 04/30/2014) (Accession No. 0000812797-14-000039)](https://www.sec.gov/Archives/edgar/data/812797/000081279714000039/partagrmt-pimcotrustadmins.htm)</u> |
| (g) | <u>[Assignment and Amendment to Services Agreement dated March 29, 2012 (Filed as Exhibit (h)16(g) to Form N-6 filed by Principal Life Insurance Company Variable Life Separate Account on 04/30/2014) (Accession No. 0000812797-14-000039)](https://www.sec.gov/Archives/edgar/data/812797/000081279714000039/partagrmt-pimcosvcsagrmtam.htm)</u> |
| (h) | <u>[Instrument of Accession and Amendment dated August, 29, 2012 (Filed as Exhibit (h)16(h) to Form N-6 filed by Principal Life Insurance Company Variable Life Separate Account on 04/30/2014) (Accession No. 0000812797-14-000039)](https://www.sec.gov/Archives/edgar/data/812797/000081279714000039/partagrmt-pimcoaccessamdt0.htm)</u> |
| **19. Principal Variable Contracts Funds, Inc.** | **19. Principal Variable Contracts Funds, Inc.** |
| (a) | <u>[Participation Agreement dated January 5, 2007 (Filed as Exhibit (h)19(a) on 04/25/2014 (Accession No. 0000812797-14-000019)](https://www.sec.gov/Archives/edgar/data/812797/000081279714000019/partagrmt-pvc010507.htm)</u> |
| (b) | <u>[Amendment 1 to Participation Agreement dated June 1, 2007 (Filed as Exhibit (h)(12)(b) on 12/09/2011)(Accession No. 0000898745-11-000809)](https://www.sec.gov/Archives/edgar/data/1526622/000089874511000809/b12-pvcamn1pa.htm)</u> |
| (c) | <u>[Amendment 2 to Participation Agreement dated January 1, 2010 (Filed as Exhibit (h)19(c) on 04/25/2014 (Accession No. 0000812797-14-000019)](https://www.sec.gov/Archives/edgar/data/812797/000081279714000019/partagrmt-pvcamdt2010110.htm)</u> |
| (d) | <u>[Amendment 3 (letter) to Participation Agreement dated June 17, 2010 -- Filed as exhibit 99.h16(d) on 04/27/2015 (Accession No. 0001526622-15-000016)](https://www.sec.gov/Archives/edgar/data/1526622/000152662215000016/partagrmt-pvcpaamdtx061710.htm)</u> |
| (e) | <u>[Amendment 4 to Participation Agreement dated November 1, 2011 (Filed as Exhibit (h)(12)(d) on 12/09/2011)(Accession No. 0000898745-11-000809)](https://www.sec.gov/Archives/edgar/data/1526622/000089874511000809/d12-pvcamn3pa.htm)</u> |

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| | |
|:---|:---|
| (f) | <u>[Amendment 5 to Participation Agreement dated February 9, 2015 -- Filed as exhibit 99.h16(f) on 04/27/2015 (Accession No. 0001526622-15-000016)](https://www.sec.gov/Archives/edgar/data/1526622/000152662215000016/partagrmt-pvcamd5x020915.htm)</u> |
| (g) | <u>[Amendment 6 to Participation Agreement dated August 10, 2016 -- Filed as Exhibit 99(h)17(g) on 04/27/2017 (Accession No. 0001526622-17-000011)](https://www.sec.gov/Archives/edgar/data/1526622/000152662217000011/ex99h-partagrmtxpvcamdt6x0.htm)</u> |
| (h) | <u>[Rule 22c-2 Agreement dated April 16, 2007 (Filed as Exhibit (h)19(f) on 04/25/2014 (Accession No. 0000812797-14-000019)](https://www.sec.gov/Archives/edgar/data/812797/000081279714000019/partagrmt-pvc22c2agrmt0416.htm)</u> |
| (i) | <u>[Amendment 1 to Rule 22c-2 Agreement dated November 1, 2011 (Filed as Exhibit (h)(1)(g) on 12/09/2011)(Accession No. 0000898745-11-000809)](https://www.sec.gov/Archives/edgar/data/1526622/000089874511000809/g12-pvcamn122c2.htm)</u> |
| (j) | <u>[Rule 12b-1 Letter Agreement dated December 30, 2009 (Filed as Exhibit (h)19(e) on 04/25/2014 (Accession No. 0000812797-14-000019)](https://www.sec.gov/Archives/edgar/data/812797/000081279714000019/partagrmt-pvc12b1ltr123009.htm)</u> |
| (k) | <u>[Amendment 12b-1 Letter Agreement dated November 9, 2011 -- Filed as exhibit 99.h16(j) on 04/27/2015 (Accession No. 0001526622-15-000016)](https://www.sec.gov/Archives/edgar/data/1526622/000152662215000016/partagrmt-pvc12b1ltragrmta.htm)</u> |
| **20. Putnam** | **20. Putnam** |
| (a) | <u>[Marketing and Administrative Servicing Agreement dated April 1, 2011 (Filed as Exhibit (h)(14)(a) on 10/19/2011)(Accession No. 0000898745-11-000724)](https://www.sec.gov/Archives/edgar/data/1526622/000089874511000724/a-14putnam.htm)</u> |
| (b) | <u>[Amendment 1 to Marketing and Administrative Servicing Agreement dated November 1, 2011 (Filed as Exhibit (h)(13)(b) on 12/09/2011)(Accession No. 0000898745-11-000809)](https://www.sec.gov/Archives/edgar/data/1526622/000089874511000809/b13-putnamamn1masa.htm)</u> |
| (c) | <u>[Amendment 2 to Marketing and Administrative Servicing Agreement dated December 1, 2011 -- Filed as exhibit 99.h17(c) on 04/27/2015 (Accession No. 0001526622-15-000016)](https://www.sec.gov/Archives/edgar/data/1526622/000152662215000016/partagrmt-putnamamd2mktgas.htm)</u> |
| (d) | <u>[Amendment 3 to Marketing and Administrative Servicing Agreement dated March 2, 2021 - Filed as Ex 99(h)19(d) on 04/29/2021 (Accession No. 0001526622-21-000028)](https://www.sec.gov/Archives/edgar/data/1526622/000152662221000028/ex99h-putnammarketingagmta.htm)</u> |
| (e) | <u>[Participation Agreement dated November 1, 2011 (Incorporated by Reference From Exhibit (h)(13)(c) to Registrant's Filing on Form N-6 on 12/09/2011)(Accession No. 0000898745-11-000809)](https://www.sec.gov/Archives/edgar/data/1526622/000089874511000809/c13-putnamfpa.htm)</u> |
| (f) | <u>[Amendment 1 to Participation Agreement dated March 2, 2021 - Filed as Ex 99(h)19(f) on 04/29/2021 (Accession No. 0001526622-21-000028)](https://www.sec.gov/Archives/edgar/data/1526622/000152662221000028/ex99h-pnlputnamparticipati.htm)</u> |
| (g) | <u>[Rule 22c-2 Agreement dated November 1, 2011 (Incorporated by Reference From Exhibit (h)(13)(d) to Registrant's Filing on Form N-6 on 12/09/2011)(Accession No. 0000898745-11-000809)](https://www.sec.gov/Archives/edgar/data/1526622/000089874511000809/d13-putnam22c2.htm)</u> |
| (j) | <u>[Amendment 3 to Participation Agreement dated July 31, 2023 - Filed on 04/30/2024 (Accession No. 0001526622-24-000021)](https://www.sec.gov/Archives/edgar/data/1526622/000152662224000021/putnamamendmenttoparticipa.htm)</u> |
| **21. TOPS (Northern Lights)** | **21. TOPS (Northern Lights)** |
| (a) | <u>[Participation Agreement dated May 1, 2012 (Filed as Exhibit (h)17(a) on 04/28/2014 (Accession No. 0001526622-14-000005)](https://www.sec.gov/Archives/edgar/data/1526622/000152662214000005/partagrmt-northernlightsto.htm)</u> |
| **22. Van Eck** | **22. Van Eck** |
| (a) | <u>[Service Agreement dated November 28, 2007 (Incorporated by Reference from Exhibit (h)(15)(a) to the Form N-6 Filed on 10/19/2011)(Accession No. 0000898745-11-000724)](https://www.sec.gov/Archives/edgar/data/1526622/000089874511000724/a-15vaneckasa.htm)</u> |
| (b) | <u>[Amendment 1 to Service Agreement dated April 24, 2009 (Incorporated by Reference from Exhibit (h)(15)(b) to the Form N-6 Filed on 10/19/2011)(Accession No. 0000898745-11-000724)](https://www.sec.gov/Archives/edgar/data/1526622/000089874511000724/b-15vaneck.htm)</u> |
| (c) | <u>[Amendment 2 to Administrative Services Agreement dated May 1, 2011 (Filed as Exhibit (h)(15)(c) on 10/19/2011)(Accession No. 0000898745-11-000724)](https://www.sec.gov/Archives/edgar/data/1526622/000089874511000724/c-15vaneck.htm)</u> |
| (d) | <u>[Participation Agreement dated November 28, 2007 (Filed as Exhibit (h)(15)(d) on 10/19/2011)(Accession No. 0000898745-11-000724)](https://www.sec.gov/Archives/edgar/data/1526622/000089874511000724/d-15vaneckpa.htm)</u> |
| (e) | <u>[Amendment 1 to Participation Agreement dated April 24, 2009 (Filed as Exhibit (h)(15)(e) on 10/19/2011)(Accession No. 0000898745-11-000724)](https://www.sec.gov/Archives/edgar/data/1526622/000089874511000724/e-15vaneck.htm)</u> |
| (f) | <u>[Amendment 2 to Participation Agreement dated November 1, 2011 (Filed as Exhibit (h)(14)(f) on 12/09/2011)(Accession No. 0000898745-11-000809)](https://www.sec.gov/Archives/edgar/data/1526622/000089874511000809/f14-vanecka2pa.htm)</u> |
| (g) | <u>[Amendment 4 to Participation Agreement dated May 10, 2022](https://www.sec.gov/Archives/edgar/data/1526622/000152662223000021/ex99-vaneckparticipationag.htm)</u> |
| (h) | <u>[Amendment 3 to Service Agreement dated November 1, 2011 (Filed as Exhibit (h)(14)(g) on 12/09/2011)(Accession No. 0000898745-11-000809)](https://www.sec.gov/Archives/edgar/data/1526622/000089874511000809/g14-vaneckamn3sa.htm)</u> |
| (i) | <u>[Amendment 4 to Service Agreement dated as of May 1, 2012 (Filed as Exhibit (h)18(j) on 04/28/2014 (Accession No. 0001526622-14-000005)](https://www.sec.gov/Archives/edgar/data/1526622/000152662214000005/partagrmt-vaneckamdt4svcag.htm)</u> |
| (j) | <u>[Amendment 5 to Service Agreement dated May 1, 2017 (Filed as Exhibit (h)20(k) on 04/26/2019 (Accession No. 0001526622-19-000011)](https://www.sec.gov/Archives/edgar/data/1526622/000152662219000011/ex99h-vlvaneckamend5050118.htm)</u> |
| (k) | <u>[Amendment 6 to Service Agreement dated October 15, 2019 - Filed as Exhibit 99.(h)21(j) on 04/28/2020 (Accession No. 0001526622-20-000017)](https://www.sec.gov/Archives/edgar/data/1526622/000152662220000017/ex99vaneck6thamendtoservic.htm)</u> |
| (l) | <u>[Amendment 7 to Service Agreement dated May 10, 2022](https://www.sec.gov/Archives/edgar/data/1526622/000152662223000021/ex99h-vaneckserviceagmtame.htm)</u> |
| (m) | <u>[Shareholder Information Agreement dated November 28, 2007 (Filed as Exhibit (h)(14)(h) on 12/09/2011)(Accession No. 0000898745-11-000809)](https://www.sec.gov/Archives/edgar/data/1526622/000089874511000809/h14-vanecksia.htm)</u> |

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|:---|:---|:---|
| | (n) | <u>[Amendment 1 to Shareholder Information Agreement dated November 1, 2011 (Filed as Exhibit (h)(14)(i) on 12/09/2011)(Accession No. 0000898745-11-000809)](https://www.sec.gov/Archives/edgar/data/1526622/000089874511000809/i14-vaneckam1sia.htm)</u> |
| | **23. Vanguard** | **23. Vanguard** |
| | (a) | <u>[Participation Agreement dated April 30, 2002 (Filed as Exhibit (h54) to Form N-6 filed 4/27/2011 by Principal Life Insurance Company Variable Life Separate Account) (Accession No. 0000898745-11-000207)](https://www.sec.gov/Archives/edgar/data/812797/000089874511000207/h54-vanguardall.htm)</u> |
| | (b) | <u>[Amendment to Participation Agreement dated September 3, 2002 (Filed as Exhibit (h54) to to Form N-6 filed 4/27/2011 by Principal Life Insurance Company Variable Life Separate Account)(Accession No. 0000898745-11-000207)](https://www.sec.gov/Archives/edgar/data/812797/000089874511000207/h54-vanguardall.htm)</u> |
| | (c) | <u>[Amendment 1 to Participation Agreement dated January 8, 2003 (Filed as Exhibit (h54) to to Form N-6 filed 4/27/2011 by Principal Life Insurance Company Variable Life Separate Account)(Accession No. 0000898745-11-000207)](https://www.sec.gov/Archives/edgar/data/812797/000089874511000207/h54-vanguardall.htm)</u> |
| | (d) | <u>[Amendment 2 to Participation Agreement dated April 15, 2007 (Filed as Exhibit (h54) to the Registrant's Filing on Form N-6 on 4/27/2011)(Accession No. 0000898745-11-000207)](https://www.sec.gov/Archives/edgar/data/812797/000089874511000207/h54-vanguardall.htm)</u> |
| | (e) | <u>[Amendment 3 to Participation Agreement dated September 11, 2007 (Filed as Exhibit (h54) to Form N-6 filed 4/27/2011 by Principal Life Insurance Company Variable Life Separate Account)(Accession No. 0000898745-11-000207)](https://www.sec.gov/Archives/edgar/data/812797/000089874511000207/h54-vanguardall.htm)</u> |
| | (f) | <u>[Amendment 4 to Participation Agreement dated April 24, 2012 (Filed as Exhibit (h)21(f) to Form N-6 filed 4/30/2014 by Principal Life Insurance Company Variable Life Separate Account (Accession No. 0000812797-14-000039)](https://www.sec.gov/Archives/edgar/data/812797/000081279714000039/partagrmt-vanguardamdt4042.htm)</u> |
| | **24. Wanger International** | **24. Wanger International** |
| | (a) | <u>[Wanger Advisors Trust Participation Agreement dated April 28, 2015 -- Filed as Exhibit (h)20(a) on 04/25/2016 (Accession No. 0001526622-16-000033)](https://www.sec.gov/Archives/edgar/data/1526622/000152662216000033/partagrmt-wangeradvtrustx0.htm)</u> |
| | (b) | <u>[Services Agreement dated May 1, 2015 -- Filed as Exhibit (h)20(b) on 04/25/2016 (Accession No. 0001526622-16-000033)](https://www.sec.gov/Archives/edgar/data/1526622/000152662216000033/partagrmt-wangerxsvcagrmtx.htm)</u> |
| (i) | **Administration Contracts** | **Administration Contracts** |
|  | 1. | <u>[Services Agreement between Principal Life Insurance Company and Principal National Life Insurance Company effective as of February 20, 2008 (Incorporated by Reference from Exhibit (i1) to Registrant's Filing on Form N-6 on 12/09/2011)(Accession No. 0000898745-11-000809)](https://www.sec.gov/Archives/edgar/data/1526622/000089874511000809/i1plicpnlsa.htm)</u> |
| (j) | **Other Material Contracts** - N/A | **Other Material Contracts** - N/A |
| (k) | <u>[Legal Opinion](https://www.sec.gov/Archives/edgar/data/1526622/000152662225000017/ex99n3-vlpnlevuliii485b2025.htm)[- Filed as Exhib](https://www.sec.gov/Archives/edgar/data/1526622/000152662225000017/ex99n3-vlpnlevuliii485b2025.htm)[it 99 (n)](https://www.sec.gov/Archives/edgar/data/1526622/000152662225000017/ex99n3-vlpnlevuliii485b2025.htm)[(3) on April 30, 2025 (Accession No.](https://www.sec.gov/Archives/edgar/data/1526622/000152662225000017/ex99n3-vlpnlevuliii485b2025.htm)[0001526622-25-000017](https://www.sec.gov/Archives/edgar/data/1526622/000152662225000017/ex99n3-vlpnlevuliii485b2025.htm)[)](https://www.sec.gov/Archives/edgar/data/1526622/000152662225000017/ex99n3-vlpnlevuliii485b2025.htm)</u> | <u>[Legal Opinion](https://www.sec.gov/Archives/edgar/data/1526622/000152662225000017/ex99n3-vlpnlevuliii485b2025.htm)[- Filed as Exhib](https://www.sec.gov/Archives/edgar/data/1526622/000152662225000017/ex99n3-vlpnlevuliii485b2025.htm)[it 99 (n)](https://www.sec.gov/Archives/edgar/data/1526622/000152662225000017/ex99n3-vlpnlevuliii485b2025.htm)[(3) on April 30, 2025 (Accession No.](https://www.sec.gov/Archives/edgar/data/1526622/000152662225000017/ex99n3-vlpnlevuliii485b2025.htm)[0001526622-25-000017](https://www.sec.gov/Archives/edgar/data/1526622/000152662225000017/ex99n3-vlpnlevuliii485b2025.htm)[)](https://www.sec.gov/Archives/edgar/data/1526622/000152662225000017/ex99n3-vlpnlevuliii485b2025.htm)</u> |
| (l) | **Actuarial Opinion** - N/A | **Actuarial Opinion** - N/A |
| (m) | **Calculations** - N/A | **Calculations** - N/A |
| (n) | **Other Opinions** | **Other Opinions** |
|  | (1) | <u>[Consent of Ernst & Young LLP \*](ex99n1-consenteypnlevuliii.htm)</u> |
|  | (2) | Powers of Attorney - N/A |
| (o) | **Financial Statements -** N/A | **Financial Statements -** N/A |
| (p) | **Initial Capital Agreements -** N/A | **Initial Capital Agreements -** N/A |
| (q) | <u>[Redeemability Exemption - Filed as Exhibit 99.(q) on 04/28/2020 (Accession No. 00015216622-20-000017)](https://www.sec.gov/Archives/edgar/data/1526622/000152662220000017/vlpnlredeemabilityexemptio.htm)</u> | <u>[Redeemability Exemption - Filed as Exhibit 99.(q) on 04/28/2020 (Accession No. 00015216622-20-000017)](https://www.sec.gov/Archives/edgar/data/1526622/000152662220000017/vlpnlredeemabilityexemptio.htm)</u> |
| (r) | <u>[Form of Initial Summary Prospectus\*](finalpnlvlevulisp102425.htm)</u> | <u>[Form of Initial Summary Prospectus\*](finalpnlvlevulisp102425.htm)</u> |
| \* Filed herein | \* Filed herein | \* Filed herein |
| \*\* To be filed by amendment | \*\* To be filed by amendment | \*\* To be filed by amendment |

---

**Item 31. Officers and Directors of the Depositor**

Principal National Life Insurance Company is managed by a Board of Directors which is elected by its policyowners. The directors and executive officers of the Company, their positions with the Company, including Board Committee memberships, and their principal business address, are as follows:

------

**DIRECTORS:**

---

| | |
|:---|:---|
| **Name and Principal Business Address** | **Positions and Offices** |
| Amy C. Friedrich<br>Principal Financial Group, Des Moines, IA 50392 | Principal National Life: Director, President - Benefits & Protection |
| Kenneth A. McCullum<br>Principal Financial Group, Des Moines, IA 50392 | Principal National Life: Director, Executive Vice President/Chief Risk Officer & General Account |
| Joel M. Pitz<br>Principal Financial Group, Inc., Des Moines, IA 50392 | Principal National Life: Director, Executive Vice President/Chief Financial Officer |
| Srinivas D. Reddy<br>Principal Financial Group, Des Moines, IA 50392 | Principal National Life: Director, Senior Vice President - Retirement and Income Solutions |
| Nathan P. Schelhaas<br>Principal Financial Group, Des Moines, IA 50392 | Principal National Life: Chairman of the Board and President |

---

**EXECUTIVE OFFICERS (OTHER THAN DIRECTORS)**

---

| | |
|:---|:---|
| **Name and Principal Business Address** | **Positions and Offices** |
| Christopher Agbe-Davies | Secretary |
| Kamal Bhatia | President and Chief Executive Officer - Principal Asset Management |
| Lisa M. Coulson<sup>(1)</sup> | Senior Vice President and Chief Human Resources Officer |
| Elizabeth K. Dietrich | Vice President and Chief Actuary |
| George Djurasovic<sup>(1)</sup> | Interim General Counsel |
| Christopher P. Freese<sup>(1)</sup> | Chief Risk Officer |
| Kathleen B. Kay<sup>(1)</sup> | Executive Vice President and Chief Information Officer & PGS |
| Christopher D. Payne<sup>(1)</sup> | Senior Vice President, Government Relations |
| Scott Sailer<sup>(1)</sup> | Vice President - Treasurer & Corporate CFO |
| Kathleen M. Souhrada<sup>(1)</sup> | Vice President - Benefits and Protection - Head of Business Owner Solutions |
| Deanna D. Strable-Soethout | President and Chief Executive Officer |
| Elizabeth D. Swanson<sup>(1)</sup> | Assistant General Counsel and Assistant Corporate Secretary |
| Dan L. Westholm<sup>(1)</sup> | Assistant Vice President - Treasury |
| Bethany A. Wood<sup>(1)</sup> | Executive Vice President and Chief Marketing Officer |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<sup>(1)</sup> Principal Business Address: |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Principal Financial Group |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Des Moines, IA 50392 |

---

------

**Item 32. Persons Controlled by or Under Common Control with the Depositor or the Registrant**

The Registrant is a separate account of Principal National Life Insurance Company (the "Depositor") and is operated as a unit investment trust. The Registrant supports benefits payable under the Depositor's variable life contracts by investing assets allocated to various investment options in shares of Principal Variable Contracts Funds, Inc. and other mutual funds registered under the Investment Company Act of 1940 as open-end management investment companies of the "series" type. No person is directly or indirectly controlled by the Registrant.

The Depositor is wholly-owned by Principal Financial Services, Inc. Principal Financial Services, Inc. (an Iowa corporation) is an intermediate holding company organized pursuant to Section 512A.14 of the Iowa Code. In turn, Principal Financial Services, Inc. is a wholly-owned subsidiary of Principal Financial Group, Inc., a publicly traded company that filed consolidated financial statements with the SEC. A list of persons directly or indirectly controlled by or under common control with the Depositor as of December 31, 2024 appears below:

None of the companies listed in such organization chart is a subsidiary of the Registrant; therefore, only the separate financial statements of the Registrant and the consolidated financial statements of the Depositor are being filed with this Registration Statement.

---

| | | |
|:---|:---|:---|
| **<u>Principal Life Insurance Company - Organizational Structure</u>** | **<u>Principal Life Insurance Company - Organizational Structure</u>** | **<u>Principal Life Insurance Company - Organizational Structure</u>** |
| *(December 31, 2024)* | *(December 31, 2024)* | *(December 31, 2024)* |
|  | **Organized in** | **% Owned** |
| **PRINCIPAL FINANCIAL GROUP, INC.** | Delaware | Publicly Held |
| **<u>→ Principal Financial Services, Inc.\*#</u>** | Iowa | 100 |
| → CCB Pension Management, Co. Ltd. | China | 17.64 |
| → PFG DO Brasil LTDA\*# | Brazil | 100 |
| → Brasilprev Seguros E Previdencia S.A.\* | Brazil | 50 |
| → Principal Global Investors Participacoes, LTDA\*# | Brazil | 100 |
| → Claritas Investments LTD\*# | Cayman Islands | 100 |
| <u>→ Claritas Administracao de Recursos LTDA\*#</u> | Brazil | 100 |
| → PFG Do Brasil 2 Participacoes LTDA\*# | Brazil | 100 |
| → Ciclic Corretora de Seguros S.A.\*# | Brazil | 50.01 |
| → Principal International, LLC.\*# | Iowa | 100 |
| → Principal International (Asia) Limited\*# | Hong Kong | 100 |
| → Principal Asia Pacific Investment Consulting (Beijing) Limited\*# | China | 100 |
| → Principal International (South Asia) SDN, BHD\*# | Malaysia | 100 |
| → Principal Nominee Company (Hong Kong) Limited\*# | Hong Kong | 100 |
| → Principal Asset Management Company (Asia) Limited\*# | Hong Kong | 100 |
| → Principal Trust Company (Hong Kong) Limited\* | Hong Kong | 100 |
| → Principal Insurance Company (Hong Kong) Limited\*# | Hong Kong | 100 |
| → Principal Asset Management Berhad\* | Malaysia | 60 |
| → CIMB Wealth Advisors Berhad\* | Malaysia | 100 |
| → PT Principal Asset Management | Indonesia | 100 |
| → Principal Asset Management (S) PTE LTD\*# | Singapore | 100 |
| → Principal Asset Management Company Limited\* | Thailand | 100 |
| → PT Principal International Indonesia\* | Indonesia | 100 |
| → Principal Trust Company (Asia) Limited\*# | Hong Kong | 100 |
| → Principal Investment & Retirement Services Limited\*# | Hong Kong | 100 |
| → Principal Consulting (India) Private Limited\*# | India | 100 |
| → Principal Bermuda Holding, LLC | Delaware | 100 |
| → Principal Financial Services (Bermuda) Ltd. | Bermuda | 100 |
| → Principal Global Investors Holding Company, LLC\*# | Delaware | 100 |
| → Principal Global Financial Services (Europe) II LTD\*# | United Kingdom | 100 |
| → Principal Global Investors (Europe) Limited\* | Wales/United Kingdom | 100 |
| → Principal Global Investors (Switzerland) GMBH\* | Switzerland | 100 |
| → Principal Global Investors (Ireland) Limited\*# | Ireland | 100 |
| → PGI Origin Holding Company LTD\*#< | Wales/United Kingdom | 100 |
| → Origin Asset Management LLP\*#< | Wales/United Kingdom | 94.14 |
| → Principal Corporate Secretarial Services Limited | Wales/United Kingdom | 100 |
| → Principal Real Estate Europe Limited | Wales/United Kingdom | 100 |
| → Principal Real Estate Limited | Wales/United Kingdom | 100 |
| → Principal Real Estate B.V. | Netherlands | 100 |
| → Principal Real Estate GmbH | Germany | 100 |
| → PD Frankfurt GmbH mbH | Germany | 94.9 |
| → Principal Real Estate S.á.r.l. | Luxembourg | 100 |

---

------

---

| | | |
|:---|:---|:---|
| → Principal Real Estate SAS | France | 100 |
| → Principal Real Estate S.L.U. | Spain | 100 |
| → Principal Real Estate Spezialfondsgesellschaft mbH | Germany | 94.9 |
| → Principal Global Investors (Singapore) Limited\*# | Singapore | 100 |
| → Principal Real Asset Investments Private Fund Management (Beijing) Co., Ltd. | China | 50 |
| → Principal Private Fund Management (Shanghai) Co., Ltd. | China | 100 |
| → Principal Global Investors (Hong Kong) Limited\*# | Hong Kong | 100 |
| → Principal Global Investors Holding Company (US), LLC\*# | Delaware | 100 |
| → Spectrum Asset Management, Inc.\*#< | Connecticut | 100 |
| → SAMI Brokerage LLC | Connecticut | 100 |
| → Post Advisory Group, LLC\*#< | Delaware | 74.64 |
| → Principal Commercial Funding, LLC\*#< | Delaware | 100 |
| → Principal Global Investors, LLC\*#< | Delaware | 100 |
| → Principal Real Estate Investors, LLC\*# | Delaware | 100 |
| → Principal Global Investors Trust Company\*# | Oregon | 100 |
| → Principal Shareholder Services, Inc.\*# | Washington | 100 |
| → Principal Funds Distributor, Inc.\*# | Washington | 100 |
| → Principal Islamic Asset Management SDN. BHD\*# | Malaysia | 60 |
| → Principal Financial Group (Mauritius) LTD\*# | Mauritius | 100 |
| → Principal Life Insurance Company+# | Iowa | 100 |
| → Principal Reinsurance Company of Delaware\*#< | Delaware | 100 |
| → Principal Reinsurance Company of Delaware II\*#< | Delaware | 100 |
| → Principal Real Estate Holding Company, LLC\*#< | Delaware | 100 |
| → GAVI PREHC HC, LLC\*#< | Delaware | 100 |
| → Principal Development Investors, LLC\*#< | Delaware | 100 |
| → Principal Real Estate Fund Investors, LLC\*#< | Delaware | 100 |
| → Principal Holding Company, LLC\*#< | Iowa | 100 |
| → Petula Associates, LLC\*< | Iowa | 100 |
| → Principal Real Estate Portfolio, Inc.\*#< | Delaware | 100 |
| → GAVI PREPI HC, LLC\*#< | Delaware | 100 |
| → Petula Prolix Development Company, LLC\*#< | Iowa | 100 |
| → Principal Commercial Acceptance, LLC\*#< | Delaware | 100 |
| → Principal Generation Plant, LLC\*#< | Delaware | 100 |
| → Principal Bank\*#< | Iowa | 100 |
| → Principal Advised Services, LLC | Delaware | 100 |
| → Principal Workplace Ventures, LLC | Delaware | 100 |
| → Equity FC, LTD\*#< | Iowa | 100 |
| → Principal Dental Services, Inc.\*#< | Arizona | 100 |
| → Employers Dental Services, Inc.\*#< | Arizona | 100 |
| → First Dental Health\*#< | California | 100 |
| → Delaware Charter Guarantee & Trust Company\*#< | Delaware | 100 |
| → Preferred Product Network, Inc.\*#< | Delaware | 100 |
| → Principal Reinsurance Company of Vermont\*# | Vermont | 100 |
| → Principal Reinsurance Company of Vermont II\*#< | Vermont | 100 |
| → Principal International Holding Company, LLC\*# | Delaware | 100 |
| → Principal Global Services Private Limited\*# | India | 100 |
| → Principal Global Services (Philippines) LLC | Philippines | 100 |
| → CCB Principal Asset Management Company, LTD\* | China | 25 |
| → Principal Financial Services I (US), LLC\*# | Delaware | 100 |
| → Principal Financial Services II (US), LLC\*# | Delaware | 100 |
| → Principal Financial Services I (UK) LLP \*# | Wales/United Kingdom | 100 |
| → Principal Financial Services V (UK) LTD.\*# | United Kingdom | 100 |
| → Principal Financial Services II (UK) LTD.\*# | Wales/United Kingdom | 100 |
| → Principal Financial Services III (UK) LTD.\*# | Wales/United Kingdom | 100 |
| → Principal Financial Services Asia (UK) LTD\*# | United Kingdom | 100 |
| → Principal Global Investors Asia (UK) Ltd | United Kingdom | 100 |
| → Principal Global Investors (Australia) Service Company Pty Limited\*# | Australia | 100 |
| → Principal Investor Management (DIFC) Limited | UAE | 100 |
| → Principal Global Investors (Australia) Limited\*# | Australia | 100 |
| → Principal Global Investors (Japan) Limited\*# | Japan | 100 |
| → Principal Financial Services VI (UK) LTD\*# | United Kingdom | 100 |
| → Principal Global Financial Services (Europe) LTD\*# | United Kingdom | 100 |

---

------

---

| | | |
|:---|:---|:---|
| → Principal Financial Services Latin America LTD.\*# | Wales/United Kingdom | 100 |
| → Principal International Latin America LTD.\*# | United Kingdom | 100 |
| → Principal International Mexico, LLC\*# | Delaware | 100 |
| → Principal Mexico Servicios, S.A. de C.V.\*# | Mexico | 100 |
| → Principal Innovación, S.A. de C.V. | Mexico | 100 |
| → Principal Financial Group, S.A. de C. V. Grupo Financiero\*# | Mexico | 100 |
| → Principal Afore, S. A. de C.V., Principal Grupo Financiero\*# | Mexico | 100 |
| → Principal Fondos de Inversión S.A. de C.V., Operadora de Fondos de Inversion, Principal Grupo Financiero\*# | Mexico | 100 |
| → Principal Seguros, S.A. de C.V., Principal Grupo Financiero\*# | Mexico | 100 |
| → Principal International South America I LTD.\*# | Wales/United Kingdom | 100 |
| → Principal International South America II LTD.\*# | Wales/United Kingdom | 100 |
| → Principal International South America II LTD., Agencia En Chile\*# | Chile/United Kingdom | 100 |
| → Principal International de Chile, S.A.\*# | Chile | 100 |
| → Principal Compania de Seguros de Vida Chile S.A.\*# | Chile | 100 |
| → Principal Administradora General de Fondos S.A.\*# | Chile | 100 |
| → Principal Ahorro e Inversiones S.A.\*# | Chile | 100 |
| → Principal Servicios Corporativos Chile LTDA\*# | Chile | 100 |
| → Principal Servicios de Administración S.A.\*# | Chile | 100 |
| → Principal Holding Company Chile S.A.\*# | Chile | 100 |
| → Principal Chile Limitada\*# | Chile | 100 |
| → Administradora de Fondos de Pensiones Cuprum S.A.\*# | Chile | 97 |
| → Inversiones Cuprum Internacional S.A.\*# | Chile | 100 |
| → Principal National Life Insurance Company+# | Iowa | 100 |
| → Principal Securities, Inc. | Iowa | 100 |
| → Diversified Dental Services, Inc.\*# | Nevada | 100 |
| → Principal Innovations, Inc. | Delaware | 100 |
| → Business Owner Ecosystem, Inc. | Delaware | 100 |
| → Principal Workforce, LLC | Delaware | 100 |
| → Principal Financial Services (Asia) Pte Ltd | Singapore | 100 |
| + Consolidated financial statements are filed with the SEC. |  |  |
| \* Not required to file financial statements with the SEC. |  |  |
| # Included in the consolidated financial statements of Principal Financial Group, Inc. filed with the SEC. |  |  |
| = Separate Financial statements are filed with SEC. |  |  |
| < Included in the financial statements of Principal Life Insurance Company filed with the SEC. |  |  |

---

**Item 33. Indemnification**

Sections 490.851 through 490.859 of the Iowa Business Corporation Act permit corporations to indemnify directors and officers where (A) all of the following apply: the director or officer (i) acted in good faith; (ii) reasonably believed that (a) in the case of conduct in the individual's official capacity, that the individual's conduct was in the best interests of the corporation or (b) in all other cases, that the individual's conduct was at least not opposed to the best interests of the corporation; and (iii) in the case of any criminal proceeding, the individual had no reasonable cause to believe the individual's conduct was unlawful; and (B) the individual engaged in conduct for which broader indemnification has been made permissible or obligatory under a provision of the corporation's articles of incorporation.

Unless ordered by a court pursuant to the Iowa Business Corporation Act, a corporation shall not indemnify a director or officer in either of the following circumstances: (A) in connection with a proceeding by or in the right of the corporation, except for reasonable expenses incurred in connection with the proceeding if it is determined that the director has met the relevant standard of conduct (above) or (B) in connection with any proceeding with respect to conduct for which the director was adjudged liable on the basis that the director receive a financial benefit to which he or she was not entitled, whether or not involving action in the director's official capacity.

Depositor's By-Laws provide that it shall indemnify directors and officers against damages, awards, settlements and costs reasonably incurred or imposed in connection with any suit or proceeding to which such person is or may be made a party by reason of being a director or officer of the Depositor. Such rights of indemnification are in addition to any rights to indemnity to which the person may be entitled under Iowa law and are subject to any limitations imposed by the Board of Directors. The Board has provided that certain procedures must be followed for indemnification of officers, and that there is no indemnity of officers when there is a final adjudication of liability based upon acts which constitute gross negligence or willful misconduct.

------

Insofar as indemnification for liability arising under the Securities Act of 1933 may be permitted to directors, officers and controlling persons of the registrant pursuant to the foregoing provisions, or otherwise, the registrant has been advised that in the opinion of the Securities and Exchange Commission such indemnification is against public policy as expressed in the Act and is, therefore, unenforceable. In the event that a claim for indemnification against such liabilities (other than the payment by the registrant of expenses incurred or paid by a director, officer or controlling person of the registrant in the successful defense of any action, suit or proceeding) is asserted by such director, officer or controlling person in connection with the securities being registered, the registrant will, unless in the opinion of its counsel the matter has been settled by controlling precedent, submit to a court of appropriate jurisdiction the question whether such indemnification by it is against public policy as expressed in the Act and will be governed by the final adjudication of such issue.

**Item 34. Principal Underwriters**

**(a)**&nbsp;&nbsp;&nbsp;&nbsp;**Other Activity**

Principal Securities, Inc. acts as principal underwriter for variable annuity contracts issued by Principal Life Insurance Company Separate Account B, a registered unit investment trust and for variable life insurance contracts issued by Principal Life Insurance Company Variable Life Separate Account and Principal National Life Insurance Company Variable Life Separate Account, registered unit investment trusts. Principal Securities, Inc. also acts as principal underwriter for index-linked annuity contracts issued by Principal Life Insurance Company.

**(b)**&nbsp;&nbsp;&nbsp;&nbsp;**Management**

---

| | |
|:---|:---|
| **(b1) Name and principal**<br>**business address** | **(b2) Positions and offices**<br>**with principal underwriter** |
| Christopher Agbe-Davies | Vice President, Associate General Counsel and Assistant Secretary |
| Principal Financial Group<sup>(1)</sup> |  |
| Vivek Agrawal | Director |
| Principal Financial Group <sup>(1)</sup> |  |
| Chad Claire | Chief Information Officer |
| Principal Financial Group<sup>(1)</sup> |  |
| Tom Drogan | Chief Compliance Officer |
| Principal Financial Group<sup>(1)</sup> |  |
| Amy C. Friedrich | Director |
| Principal Financial Group<sup>(1)</sup> |  |
| William Froehlich | Vice President, Operations |
| Principal Financial Group<sup>(1)</sup> |  |
| Sarah Juteau | Counsel |
| Principal Financial Group<sup>(1)</sup> |  |
| Cody Lawler | Vice President, Head of Operations and Head of Supervision |
| Principal Financial Group<sup>(1)</sup> |  |
| Kenneth A. McCullum | Director |
| Principal Financial Group<sup>(1)</sup> |  |
| Michael F. Murray | Chairman, President and Chief Executive Officer |
| Principal Financial Group<sup>(1)</sup> |  |
| Doug Rants | Chief Information Security Officer |
| Principal Financial Group<sup>(1)</sup> |  |

---

------

---

| | |
|:---|:---|
| Dawn Roberts | Chief Financial Officer |
| Principal Financial Group<sup>(1)</sup> |  |
| Nathan P. Schelhaas | Director |
| Principal Financial Group<sup>(1)</sup> |  |
| Craig Spadafora | Senior Vice President |
| Principal Financial Group<sup>(1)</sup> |  |
| Dan VanWinkle | AML Officer |
| Principal Financial Group<sup>(1)</sup> |  |
| Dan L. Westholm | Assistant Vice President - Treasury |
| Principal Financial Group<sup>(1)</sup> |  |
| <sup>(1)</sup> 655 9<sup>th</sup> Street |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Des Moines, IA 50309 | &nbsp;&nbsp;&nbsp;&nbsp;Des Moines, IA 50309 |

---

**(c)**&nbsp;&nbsp;&nbsp;&nbsp;**Compensation from the Registrant**

Commissions and other compensation received by the principal underwriter during the last fiscal year:

---

| | | | | |
|:---|:---|:---|:---|:---|
| **<br>(1)<br>Name of Principal Underwriter** | **(2)<br>Net Underwriting Discounts & Commissions** | **(3)<br>Compensation on Events Occasioning the Deduction of a Deferred Sales Load** | **(4)<br>Brokerage Commissions** | **<br>(5)<br>Compensation** |
| Principal Securities, Inc. (formerly Princor Financial Services Corporation) | $20307791.00 |  |  |  |

---

**Item 35. Location of Accounts and Records**

All accounts, books or other documents of the Registrant are located at the offices of the Depositor, Principal Financial Group, 711 High Street, Des Moines, Iowa 50392.

**Item 36. Management Services**

N/A

**Item 37. Fee Representation**

Principal National Life Insurance Company represents the fees and charges deducted under the Policy, in the aggregate, are reasonable in relation to the services rendered, the expenses expected to be incurred, and the risks assumed by the Company.

------

SIGNATURES

Pursuant to the requirements of the Securities Act of 1933 and the Investment Company Act of 1940, the Registrant has duly caused this amendment to the registration statement to be signed on its behalf by the undersigned, duly authorized, in the city of Des Moines and State of Iowa, on the 29th day of October, 2025.

---

| | |
|:---|:---|
| PRINCIPAL NATIONAL LIFE INSURANCE COMPANY | PRINCIPAL NATIONAL LIFE INSURANCE COMPANY |
| &nbsp;&nbsp;&nbsp;&nbsp;VARIABLE LIFE SEPARATE ACCOUNT | &nbsp;&nbsp;&nbsp;&nbsp;VARIABLE LIFE SEPARATE ACCOUNT |
| (Registrant) | (Registrant) |
| By : | /s/ Nathan P. Schelhaas |
| | Nathan P. Schelhaas |
| | Chairman and President |
| PRINCIPAL NATIONAL LIFE INSURANCE COMPANY | PRINCIPAL NATIONAL LIFE INSURANCE COMPANY |
| (Depositor) | (Depositor) |
| By : | /s/ Nathan P. Schelhaas |
| | Nathan P. Schelhaas |
| | Chairman and President |

---

------

Pursuant to the requirements of the Securities Act, this amendment to the registration statement has been signed by the following persons in the capacities and on the date indicated.

---

| | | |
|:---|:---|:---|
| Signature | Title | Date |
| /s/ N. P. Schelhaas | Chairman and President | October 29, 2025 |
| N. P. Schelhaas | (Principal Executive Officer) |  |
| /s/ K. Wilhelm | Vice President and Controller | October 29, 2025 |
| K. Wilhelm | (Principal Accounting Officer) |  |
| /s/ J. M. Pitz | Director, Chief Financial Officer | October 29, 2025 |
| J. M. Pitz | (Principal Financial Officer) |  |
| /s/ K. A. McCullum | Director, Senior Vice President and Chief Risk Officer | October 29, 2025 |
| K. A. McCullum |  |  |
| /s/ A. C. Friedrich | Director, President - Benefits & Protection | October 29, 2025 |
| A. C. Friedrich |  |  |
| /s/ S. D. Reddy | Director, Senior Vice President - Retirement and | October 29, 2025 |
| S. D. Reddy | Income Solutions |  |

---

## Ex-99.(N)(1)

Consent of Independent Registered Public Accounting Firm

We consent to the references to our firm under the caption "Independent Registered Public Accounting Firm" in the Prospectus and Statement of Additional Information, each dated May 1, 2025 and each included in this Post-Effective Amendment No. 9 to the Registration Statement (Form N-6, File Nos. 333-233170 and 811-22589) of Principal National Life Insurance Company Variable Life Separate Account (the "Registration Statement").

We also consent to the incorporation by reference of our reports (1) dated April 10, 2025, with respect to the statutory-basis financial statements of Principal National Life Insurance Company, (2) dated April 10, 2025 with respect to the statutory-basis financial statement schedules of Principal National Life Insurance Company, and (3) dated March 28, 2025, with respect to the financial statements of each of the subaccounts within Principal National Life Variable Life Separate Account included in form N-VPFS for the year ended December 31, 2024, into this Registration Statement, filed with the Securities and Exchange Commission.

/s/ Ernst & Young LLP

Des Moines, Iowa

October 29, 2025

## Ex-99.(R)

**Form of Initial Summary Prospectus**

**Initial Summary Prospectus dated March 2, 2026**<br>**For New Investors**<br>

**PRINCIPAL® EXECUTIVE VARIABLE UNIVERSAL LIFE III**

**FLEXIBLE PREMIUM VARIABLE UNIVERSAL LIFE INSURANCE POLICY**

**Issued by Principal National Life Insurance Company through its**

**Principal National Life Insurance Company Variable Life Separate Account**

This Initial Summary Prospectus summarizes key features of the Principal Executive Variable Universal Life III flexible premium variable universal life insurance policy (the "Policy").

Before you invest, you should also review the prospectus for the Policy, which contains more information about the Policy's features, benefits, and risks. You can find the current statutory prospectus, Statement of Additional Information ("SAI"), and other information about the Policy, as well as information about the Underlying Funds online at www.principal.com/ExecutiveVUL3Report. You can also obtain this information at no cost by calling 1-800-247-9988 or by sending an email request to Lifeinsurance@principal.com. For additional questions about the Policy, please contact your registered representative.

**You may cancel the Policy within 10 days of receiving it without paying fees or penalties.** In some states, this cancellation period may be longer. Upon cancellation, you will receive either a full refund of the amount you paid with your application or your total Policy value. You should review the prospectus, or consult with your investment professional, for additional information about the specific cancellation terms that apply.

Additional information about certain investment products, including variable life insurance policies, has been prepared by the Securities and Exchange Commission's ("SEC's") staff and is available at Investor.gov.

The SEC has not approved or disapproved this Policy or passed upon the adequacy of this Initial Summary Prospectus. Any representation to the contrary is a criminal offense.

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| | |
|:---|:---|
| **Initial Summary Prospectus Contents**  | |
| Glossary | <u>[2](#i5d921c55f202448db7087fbdb6c4b7c0_1)</u> |
| Important Information You Should Consider about the Policy | <u>6</u> |
| Overview of the Policy | <u>7</u> |
| Standard Death Benefits | <u>9</u> |
| Other Benefits Available Under the Policy | <u>12</u> |
| Buying the Policy | <u>13</u> |
| How Your Policy Can Lapse | <u>15</u> |
| Making Withdrawals: Accessing the Money in Your Policy | <u>16</u> |
| Additional Information about Fees | <u>17</u> |
| Appendix: Underlying Funds Available under the Policy | <u>21</u> |

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**GLOSSARY**

**Adjustment –** change to the Policy resulting from an increase or decrease in Total Face Amount or a change in tobacco status, death benefit option, rating or riders.

**Attained Age –** the Insured's issue age on the birthday nearest to the Policy Date plus the number of full Policy Years since the Policy Date.

**Base Policy Face Amount –** the insurance benefit provided by the Policy without any riders. The Base Policy Face Amount is shown on your Data Pages.

**Business Day –** any date that the New York Stock Exchange ("NYSE") is open for trading and trading is not restricted.

**Company (and we, us, our) –** Principal National Life Insurance Company.

**Data Pages –** the pages of the policy which contain information specific to you, the Insured, and the Policy. Current or revised Data Pages may be sent to you from time to time which reflect the current status of your Policy.

**Death Benefit Guarantee Premium Requirement –** the amount of premium required to be paid in order to maintain the protections of the death benefit guarantee rider.

**Division –** a part of the Separate Account which invests in shares of a corresponding mutual fund. The value of an investment in a Division is variable and is not guaranteed. The "Money Market Division" refers to the Fidelity VIP Government Money Market Division.

**Effective Date –** the date on which all requirements, including initial premium, for issuance of a policy have been satisfied.

**Fixed Account –** the portion of the Policy Value that is held in our General Account.

**General Account –** assets of the Company other than those allocated to any of our separate accounts.

**Home Office –** the address shown on your Policy cover page or such other address we provide.

**Initial Total Face Amount –** the original Total Face Amount in effect on the Policy Date.

**Insured –** the person named as the "insured" on the Data Pages. The Insured may or may not be the Owner.

**Loan Account –** the portion of the Policy Value held in our General Account that reflects any Loan Indebtedness.

**Loan Indebtedness –** the amount of any outstanding policy loan(s) and unpaid loan interest.

**Monthly Date –** the day of the month which is the same day as the Policy Date.

Example:&nbsp;&nbsp;&nbsp;&nbsp;If the Policy Date is September 5, 2020, the first Monthly Date is October 5, 2020.

**Monthly Policy Charge –** the amount subtracted from the Policy Value on each Monthly Date as described under CHARGES AND DEDUCTIONS - Monthly Policy Charge.

**Net Amount at Risk –** the result of:

• &nbsp;&nbsp;&nbsp;&nbsp;the death benefit (as described in the Policy) at the beginning of the Policy Month, divided by the death benefit discount rate shown on the Data Pages; minus

• &nbsp;&nbsp;&nbsp;&nbsp;the Policy Value at the beginning of the Policy Month calculated as if the Monthly Policy Charge was zero.

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**Net Policy Value –** the Policy Value minus any Loan Indebtedness.

**Net Premium –** the gross premium paid, less the deductions for the Premium Expense Charge. It is the amount of premium allocated to the Divisions and/or the Fixed Account.

**Net Surrender Value –** Surrender Value minus any Loan Indebtedness.

**Owner –** the party which owns all the rights and privileges of this Policy.

**Planned Periodic Premium –** the premium in the amount and frequency you plan to pay.

**Policy Date –** the date from which Monthly Dates, Policy Years, and policy anniversaries are determined; the Policy Date is shown on your Data Pages and will never be the 29th, 30th, or 31st of any month.

**Policy Maturity Date –** the date to which the policy will stay in force, unless the death of the Insured occurs prior to that date, so long as all requirements outlined in the policy are satisfied. The Policy Maturity Date is shown on the Data Pages. The Policy Maturity Date may be extended as described in the maturity date extension provision.

**Policy Month –** any one-month period beginning on the Monthly Date.

Example:&nbsp;&nbsp;&nbsp;&nbsp;The Monthly Date is May 5, 2020; the first Policy Month ends on June 4, 2020.

**Policy Value –** the sum of the values in the Divisions, the Fixed Account, and the Loan Account.

**Policy Year –** the one-year period beginning on the Policy Date and ending one day before the policy anniversary and each subsequent one year period beginning on a policy anniversary.

Example:&nbsp;&nbsp;&nbsp;&nbsp;If the Policy Date is September 5, 2020, the first Policy Year ends on September 4, 2021. The first policy anniversary falls on September 5, 2021.

**Premium Expense Charge –** the charge deducted from premium payments.

**Separate Account –** the Principal National Life Insurance Company Variable Life Separate Account, an account established by us which has Divisions to which Net Premiums may be allocated under the Policy.

**Surrender Value –** the Policy Value plus any enhanced cash surrender value benefit provided by any attached rider.

**Target Premium –** a premium amount which is used to determine the Premium Expense Charge under a Policy. The Target Premium is shown in your Data Pages.

**Total Face Amount –** the Base Policy Face Amount plus the insurance benefit provided by any supplemental benefit rider issued with your Policy. If there is no supplemental benefit rider issued with your Policy, the Total Face Amount is the Base Policy Face Amount. The total policy face amount may be adjusted as described in the Policy. The Total Face Amount is the amount used to determine the death benefit provided by the Policy and is shown on the Data Pages.

**Underlying Fund –** a registered open-end investment company, or a separate investment account or portfolio thereof, in which a Division invests.

**Valuation Period –** the period begins at the close of normal trading on the NYSE, generally 4:00 p.m. E.T. on each Business Day and ends at the close of normal trading of the NYSE on the next Business Day.

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**Written Request –** actual delivery to the Company at our Home Office of a written notice or request, signed and dated, on a form we supply or approve, or in such other form and substance that is acceptable to us. In states where permitted, we will require you to use the form(s) we provide for certain Written Requests, along with required supporting documentation, including, for example, for a policy surrender, a change of beneficiary, or a request to adjust your Policy. Written Requests may be mailed to us at:

Principal National Life Insurance Company

P.O. Box 10431

Des Moines, Iowa 50306-0431

Phone: 1-800-247-9988

Fax: 1-866-885-0390

**we, us, our –** Principal National Life Insurance Company. We are also referred to as the Company.

**you, your –** the Owner of the Policy.

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**IMPORTANT INFORMATION YOU SHOULD CONSIDER ABOUT THE POLICY**

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| **FEES AND EXPENSES** | **FEES AND EXPENSES** | **FEES AND EXPENSES** | **FEES AND EXPENSES** | **Location in Statutory Prospectus** |
| **Charges for Early Withdrawals** | No surrender charge is imposed on a partial or full surrender; however, a transaction fee of the lesser of $25 or 2% of the amount surrendered is imposed on each unscheduled partial surrender after the second unscheduled partial surrender in a Policy Year. | No surrender charge is imposed on a partial or full surrender; however, a transaction fee of the lesser of $25 or 2% of the amount surrendered is imposed on each unscheduled partial surrender after the second unscheduled partial surrender in a Policy Year. | No surrender charge is imposed on a partial or full surrender; however, a transaction fee of the lesser of $25 or 2% of the amount surrendered is imposed on each unscheduled partial surrender after the second unscheduled partial surrender in a Policy Year. | SUMMARY: FEE TABLES - Transaction Fees |
| **Transaction Charges** | You may also be charged for other transactions, including a sales charge and taxes assessed on each premium paid, transfer fees for unscheduled Division transfers, and illustration fees.  | You may also be charged for other transactions, including a sales charge and taxes assessed on each premium paid, transfer fees for unscheduled Division transfers, and illustration fees.  | You may also be charged for other transactions, including a sales charge and taxes assessed on each premium paid, transfer fees for unscheduled Division transfers, and illustration fees.  | SUMMARY: FEE TABLES - Transaction Fees |
| **Ongoing Fees and Expenses** | In addition to transaction charges, an investment in the Policy is subject to certain ongoing fees and expenses, including fees and expenses covering the cost of insurance under the Policy and the cost of optional benefits under the Policy. Such fees and expenses are set based on the characteristics of the Insured (e.g., age, sex, and rating classification). You should view the Data Pages for rates applicable to you. "Data Pages" are the pages of the policy which contain information specific to you, to the Insured and the Policy. Current or revised Data Pages may be sent to you from time to time. | In addition to transaction charges, an investment in the Policy is subject to certain ongoing fees and expenses, including fees and expenses covering the cost of insurance under the Policy and the cost of optional benefits under the Policy. Such fees and expenses are set based on the characteristics of the Insured (e.g., age, sex, and rating classification). You should view the Data Pages for rates applicable to you. "Data Pages" are the pages of the policy which contain information specific to you, to the Insured and the Policy. Current or revised Data Pages may be sent to you from time to time. | In addition to transaction charges, an investment in the Policy is subject to certain ongoing fees and expenses, including fees and expenses covering the cost of insurance under the Policy and the cost of optional benefits under the Policy. Such fees and expenses are set based on the characteristics of the Insured (e.g., age, sex, and rating classification). You should view the Data Pages for rates applicable to you. "Data Pages" are the pages of the policy which contain information specific to you, to the Insured and the Policy. Current or revised Data Pages may be sent to you from time to time. | SUMMARY: FEE TABLES - Transaction Fees and Periodic Charges Other Than Annual Underlying Fund Expenses |
|  | Investors will also bear expenses associated with the Underlying Fund Companies, as shown in the following table: | Investors will also bear expenses associated with the Underlying Fund Companies, as shown in the following table: | Investors will also bear expenses associated with the Underlying Fund Companies, as shown in the following table: | SUMMARY: FEE TABLES - Annual Underlying Fund Expenses |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Annual Fee** | **Minimum** | **Maximum** | SUMMARY: FEE TABLES - Annual Underlying Fund Expenses |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Investment Options (Underlying Fund Fees and Expenses) | 0.12% | 2.86% | SUMMARY: FEE TABLES - Annual Underlying Fund Expenses |

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| **RISKS** | **RISKS** | **Location in Statutory Prospectus** |
| Risk of Loss | You can lose money by investing in a Policy. | PRINCIPAL RISKS OF INVESTING IN THE POLICY - Risk of Loss; Not a Short Term Investment |
| Not a Short-Term Investment | The Policy is not a short-term investment and is not appropriate for an investor that needs ready access to cash. If you take a withdrawal, any surrender charge will reduce the value of your Policy. | PRINCIPAL RISKS OF INVESTING IN THE POLICY - Risk of Loss; Not a Short Term Investment |
| Risks of Underlying Funds | An investment in the Policy is subject to the risk of poor investment performance and can vary depending on the performance of the Underlying Funds. Each Underlying Fund has its own unique risks. A comprehensive discussion of the risks of each Underlying Fund may be found in the Underlying Fund's prospectus. You should review these investment options before making an investment decision. | PRINCIPAL RISKS OF INVESTING IN THE POLICY - Risks of Underlying Funds |
| Insurance Company Risks | An investment in the Policy is subject to the risks related to the Company. Any obligations (including under the Fixed Accounts), guarantees, or benefits are subject to the claims-paying ability of the Company. More information about the Company, including its financial strength ratings, is available at https://investors.principal.com/investor-relations/our-business/credit-ratings/default.aspx. | GENERAL DESCRIPTION OF THE POLICY - General Account |
| Contract Lapse | When the Policy lapses, it terminates with no value and no longer provides any life insurance benefit upon the death of the Insured. Poor investment performance, partial surrenders, or policy loans may increase the risk of lapse. If your Policy lapses, you can only reinstate it under certain conditions, including making certain payments.  | PRINCIPAL RISKS OF INVESTING IN THE POLICY - Policy Termination (Lapse) |

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| **RESTRICTIONS** | **RESTRICTIONS** | **Location in Statutory Prospectus** |
| Investments | While you may transfer amounts in the Divisions (which invest in shares of a corresponding Underlying Fund) and Fixed Accounts, certain restrictions and transfer fees apply with regard to the number and amount of such transfers. Transfers are also subject to the excessive trading and market timing polices described in this prospectus. | GENERAL DESCRIPTION OF THE POLICY - Limitations on Transfers |
| Investments | We reserve the right to remove or substitute Underlying Funds as investment options.  | GENERAL DESCRIPTION OF THE POLICY - Reservation of Rights |
| Optional Benefits | Some optional benefits under the Policy are subject to limitations, restrictions, and additional charges, including with respect to their availability and the amounts that may be paid under such benefits.  | OPTIONAL BENEFITS UNDER THE POLICY |
| Optional Benefits | Withdrawals may reduce the value of a benefit by an amount greater than the value withdrawn, which could significantly reduce the value or even terminate the benefit. | OPTIONAL BENEFITS UNDER THE POLICY |
| Optional Benefits | Not all of the options described in the prospectus are available or approved for use in every state.  | GENERAL DESCRIPTION OF THE POLICY - Material State Variations |

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| **TAXES** | **Location in Statutory Prospectus** |
| You should consult with a tax professional to determine the tax implications of an investment in, and payments received under, the Policy. There is no additional tax benefit to you if the Policy is purchased through a tax-qualified plan or individual retirement account (IRA), and withdrawals will be subject to ordinary income tax and may be subject to tax penalties. | TAX ISSUES RELATED TO THE POLICY |

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| **CONFLICTS OF INTEREST** | **CONFLICTS OF INTEREST** | **Location in Statutory Prospectus** |
| Investment Professional Compensation | The Company pays compensation to broker-dealers, financial institutions and other parties for the sale of the Policy, including commissions on premiums paid on the Policy. The Company and/or its affiliates may also pay other amounts such as marketing allowances, expense reimbursements and education payments. Such compensation may influence the financial intermediary or sales representative to recommend the purchase of this Policy over competing policies or over other investment options.  | PRINCIPAL RISKS OF INVESTING IN THE POLICY - Conflicts of Interest |
| Exchanges | Some financial representatives may have a financial incentive to offer a new policy in place of the one you already own. You should only exchange an existing Policy if you determine, after comparing the features, fees and risks of both policies, that it is preferable to purchase the new policy rather than continue to own an existing Policy. | PRINCIPAL RISKS OF INVESTING IN THE POLICY - Conflicts of Interest |

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**OVERVIEW OF THE POLICY**

The Policy is an individual flexible premium variable universal life insurance policy offered by the Company. The purpose of the Policy is primarily to provide death benefit protection upon the death of the Insured.

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The Policy Value reflects your premium payments, partial surrenders, policy loans, unpaid loan interest policy expenses, interest credited to the Fixed Account, and/or investment experience of the Divisions. As a result, the Policy may be appropriate for persons seeking both life insurance protection and the potential for the accumulation of cash values. However, it is not suitable as a short-term investment due to the costs of insurance and the expenses charged.

**Premiums**

This is a "flexible premium" policy, which means you may choose the amount and frequency of premium payments (subject to certain limitations).

Net Premium payments are allocated to the Fixed Account and the Divisions according to your instructions. Each Division invests in a corresponding Underlying Fund. The Underlying Funds are mutual funds registered under the Investment Company Act of 1940 as open-end management investment companies. It is possible that the investment performance could cause a loss of the entire amount allocated to the Division. A full description of each Underlying Fund, its investment objectives, policies and restrictions, charges and expenses and other operational information is contained in its prospectus. Additional information about each Underlying Fund is provided in APPENDIX - UNDERLYING FUNDS AVAILABLE UNDER THE POLICY.

The Internal Revenue Code imposes limits on premiums under the guideline premium/cash value corridor test, as well as to determine whether the policy is classified as a Modified Endowment Contract. If you make a premium payment that we determine exceeds one or both of these limits, we reserve the right to only accept that portion of the payment that is within the applicable limit(s).

Payment of insufficient premiums may result in a lapse of the Policy.

**Death Benefits/Maturity Proceeds** 

Under the Policy, the Company guarantees to pay a death benefit for as long as the Policy is in force. The death proceeds are paid to the beneficiary(ies) when the Insured dies. Death proceeds are paid in cash or applied under a benefit payment option elected on the application (or, if no option was selected, Option 1). Subject to certain conditions, the death benefit option may be changed after the Policy has been issued.

If the Policy is in force and the Insured is living on the Policy Maturity Date, we will pay the Owner an amount equal to the Net Surrender Value. Maturity proceeds are paid in cash lump sum or applied under a benefit payment option. The Policy terminates on the Policy Maturity Date.

**Surrenders and Withdrawal Options**

The Policy may be fully surrendered and any Net Surrender Value paid to the Owner.

On or after the first policy anniversary and prior to the Policy Maturity Date, you may surrender a part of the Net Surrender Value. Unscheduled partial surrenders are subject to limitations on the number and amounts you may surrender. No surrender charge is imposed on a surrender; however, a transaction fee of the lesser of $25 or 2% of the amount surrendered is imposed on each unscheduled partial surrender after the second unscheduled partial surrender in a Policy Year.

On or after the first policy anniversary and prior to the Policy Maturity Date, you may elect to receive part of your Net Surrender Value automatically on any Monthly Date (known as a "scheduled partial surrender") in the amount and frequency you choose, subject to certain limitations. Once surrenders equal premiums paid, if there is any remaining Net Surrender Value, scheduled policy loans will automatically begin, unless you direct us otherwise.

**Loans**

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A loan may be taken using the Policy as collateral. The maximum loan amount is 90% of the Net Policy Value. You are charged interest on any Loan Indebtedness.

**Transfers**

Subject to certain limitations, you may transfer funds among the Divisions and the Fixed Account. We also offer Automatic Portfolio Rebalancing. You may incur an additional fee for transfers.

**Optional Insurance Benefits**

Subject to certain conditions, you may add one or more optional insurance benefits to your Policy, including benefits that accelerate the payment of your death benefit under certain circumstances or help manage the risk of lapse. An additional charge may apply if you elect an optional benefit.

**STANDARD DEATH BENEFITS**

Payment of the death proceeds will be made within seven Business Days of receipt of the required documentation. We pay death proceeds first to the assignee, if any, in a lump sum. We pay the remainder to your named beneficiary(ies) as described below. If no beneficiary(ies) survives the Insured, we will pay the death proceeds to the Owner or the Owner's estate unless you have given us written notice otherwise.

We will pay death proceeds according to the benefit payment option (shown below) that you have chosen. If you do not select a benefit payment option, your named beneficiary(ies) may each choose to receive payment in a lump sum or according to a benefit payment option. If your beneficiary(ies) does not choose a benefit payment option, we will pay the death proceeds in a lump sum.

Death proceeds, calculated as of the date of death of the Insured, are A minus B minus C where:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• A is the death benefit plus any proceeds from any benefit rider on the Insured's life;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• B is any Loan Indebtedness; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• C, if the Insured's death occurs during a grace period, is the lesser of any overdue Monthly Policy Charges and, if applicable, the Death Benefit Guarantee Premium Requirement.

We pay interest on death proceeds as required by law.

**Benefit Payment Instructions**

While the Insured is alive, you may give us instructions for payment of death proceeds under one of the fixed benefit payment options shown below. If we have not received written benefit payment instructions from you prior to the Insured's death, each of your beneficiaries may select either a lump sum distribution or one of the benefit payment options shown below. You may change your benefit payment instructions by sending us written notice. If you change your beneficiary(ies) designation, your prior benefit payment instructions are automatically revoked.

**Benefit Payment Options** 

<u>Customized Benefit Arrangement</u> 

We will make benefit payments based on arrangements you have requested and we have agreed to in writing (e.g., equal payments made over a specified period of time, joint and survivor life income with a reduced survivor benefit, etc.).

<u>Life Income</u> 

We will make benefit payments for a person's lifetime; payments stop after the death of that person. It is possible that we would make no payments if the person were to die before the first payment was due.

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<u>Life Income with Period Certain</u>

We will make benefit payments for the longer of a person's lifetime or a guaranteed period that you specify (must be between 5 to 30 years). If the person dies before all of the guaranteed payments have been made, we will continue to make the guaranteed payments to the person(s) you or your beneficiary designate until the end of the guaranteed period.

<u>Joint and Survivor Life Income</u>

We will make benefit payments for the longer of the lifetimes of two named people. Payments stop upon the death of the survivor of the two persons. It is possible that we would make no payments if both persons were to die before the first payment was due.

<u>Joint and Survivor Life Income with Period Certain</u>

We will make benefit payments for the longer of the lifetimes of two named people or a guaranteed payment period that you specify (must be between 5 to 30 years). If both people die before all of the guaranteed payments have been made, we will continue to make the guaranteed payments to the person(s) you or your beneficiary designates until the end of the guaranteed period.

These benefit payment options are also available if the Policy matures or is surrendered.

**Death Benefit Options**

The death benefit option is selected at the time of application. If a death benefit option is not chosen, the Policy will be issued with Death Benefit Option 1. The three death benefit options available are:

<u>Death Benefit Option 1</u>

The death benefit equals the greater of:

• the Total Face Amount; or

• the amount found by multiplying the Surrender Value by the applicable percentage\*.

<u>Death Benefit Option 2</u>

The death benefit equals the greater of:

• the Total Face Amount plus the Policy Value; or

• the amount found by multiplying the Surrender Value by the applicable percentage\*.

<u>Death Benefit Option 3</u>

The death benefit equals the greater of:

• the Total Face Amount plus the greater of a) premiums paid less partial surrenders and b) zero; or

• the amount found by multiplying the Surrender Value by the applicable percentage\*.

\* The applicable percentage tables are in APPENDIX B to the statutory prospectus and are based on our interpretation of Section 7702 of the Internal Revenue Code. The table which applies to your Policy is determined by your choice of either the guideline premium/cash value corridor test or the cash value accumulation test.

**Change in Death Benefit Option**

You may change the death benefit option on or after the first policy anniversary. Up to two changes are allowed per Policy Year. Your request must be made in writing and approved by us. The effective date of the change will be the Monthly Date that coincides with, or next follows, our approval. If the death benefit option change involves a face decrease, you may elect to keep the current Total Face Amount, subject to underwriting review and approval.

The option may not be changed from Death Benefit Option 1 to Death Benefit Option 3 or from Death Benefit Option 2 to Death Benefit Option 3. We will increase or decrease the Total Face Amount so that the death benefit immediately after the change equals the death benefit before the change.

**Maturity Proceeds**

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If your Policy is in force and the Insured is living on the Policy Maturity Date shown on the Data Pages, you may elect to be paid the maturity proceeds, which are equal to the Net Surrender Value.

**Adjustment Options**

<u>Increase in Total Face Amount</u>

You may request an increase in the Total Face Amount provided that the Policy is not in a grace period and Monthly Policy Charges are not being waived under a rider. The minimum increase in Total Face Amount is $10,000.

The request must be made on an Adjustment application. The application must be signed by the Owner(s) and the Insured. If your request is not approved, no changes are made to your Policy.

We will approve your request if:

• the Attained Age of the Insured does not exceed the maximum age limit that applies to the Policy on a new issue basis; and

• the amount of the face amount increase is at least the minimum face amount Increase shown on the Data Pages; and

• you supply evidence which satisfies us that the Insured is alive and insurable under our underwriting guidelines then in effect; and

• the death proceeds less the Policy Value does not exceed our maximum limits as defined under our underwriting guidelines then in effect; and

• your policy is not in a grace period; and

• the face amount after Adjustment is not less than the minimum face amount shown on the Data Pages; and

• your Monthly Policy Charges or premiums are not being waived under any rider.

The increase in Total Face Amount is in a risk classification determined by us. The Adjustment is effective on the Monthly Date on or next following our approval of your request.

If you want insurance coverage to start at the time the Adjustment application is submitted, an "adjustment premium" payment must be sent with the completed application. The amount of the adjustment premium is based on the face amount of the Policy, the death benefit option and the charges and expenses of the Policy. This amount is shown on the policy illustration provided to you by your registered representative. If this amount is submitted with the application, an adjustment premium conditional receipt will be given to you. The receipt acknowledges the adjustment premium payment and details any interim conditional insurance coverage.

Any adjustment premium payment made in connection with the Adjustment application is held in our General Account without interest (for a period of up to a 60 days) while we complete underwriting for the Adjustment. If we approve the Adjustment, on the effective date of the Adjustment, the amount of the adjustment premium payment being held minus the Premium Expense Charge is moved to the Divisions and/or Fixed Account according to your then current premium allocation percentages.

The cost of insurance charge will increase in the event of an increase in a Policy's Total Face Amount. If there is insufficient value to pay the higher charges after an increase in Total Face Amount, the Policy will lapse, unless the protections of the death benefit guarantee rider are in effect. The entire Policy would be at risk of lapsing, not just the incremental increase in Total Face Amount.

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<u>Decrease in Face Amount</u> 

On or after the first policy anniversary, you may request a decrease in the Total Face Amount. No transaction fee is imposed on decreases in the Total Face Amount. A request for a decrease requires the following:

• the request must be made on an Adjustment application;

• &nbsp;&nbsp;&nbsp;&nbsp;the application must be signed by the Owner(s);

• &nbsp;&nbsp;&nbsp;&nbsp;the decrease is at least the minimum amount as determined by our underwriting guidelines in place at the time of your request;

• &nbsp;&nbsp;&nbsp;&nbsp;the decrease may not reduce the Total Face Amount below $100,000; and

• &nbsp;&nbsp;&nbsp;&nbsp;if there have been previous increases in the Total Face Amount, the decrease of Total Face Amount will be made on a last in, first out basis.

A decrease may not be allowed if the decrease would cause a refund of premium and/or the distribution of the Policy Value in order to maintain compliance with the limits required by the Internal Revenue Code relating to the definition of life insurance.

**OTHER BENEFITS AVAILABLE UNDER THE POLICY** 

Subject to certain conditions, you may add one or more of the optional insurance benefits summarized in the table below. More information is included in the statutory prospectus, and detailed information may be obtained from a registered representative or our Home Office. **Not all optional insurance benefits (including those referred to below as "standard") are available to all Owners or in all states, and provisions may vary**. Costs of optional insurance benefits are deducted from your Policy Value. See ADDITIONAL INFORMATION ABOUT FEES for charges.

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| **Optional Benefit/Rider** | **Purpose** | **Standard/Optional** | **Charge** | **Other Restrictions/Limitations** |
| Change of Insured | allows the business to change the Insured when an employee leaves employment or ownership of the business changes | Optional  | No | available on business cases only  |
| Death Benefit Guarantee | guarantees the Policy will not lapse before the Insured attains age 85 if premiums paid equal or exceed the Death Benefit Guarantee Premium requirement | Standard<sup>(1)</sup> | No | If the rider terminates, it may not be reinstated. |
| Enhanced Cash Surrender Value Rider | If you surrender a Policy in full, we will pay an amount in addition to the Net Policy Value | Optional | Yes | Underwriting guidelines and plan premium levels determine availability to select the enhanced cash surrender options. Contact your registered representative for more information.<br>Election will result in higher asset based charges. |
| Life Paid-Up (Overloan Protection) | Under certain circumstances, guarantees the Policy will not lapse when there is large Loan Indebtedness by converting the Policy to paid-up life insurance | Optional | Yes | Once the benefit begins, certain limitations and restrictions are imposed on the Policy. Consult your tax advisor regarding this rider. |
| Supplemental Benefit Rider | provides additional insurance (total face amount) at a reduced cost | Optional | Yes | Our approval, under our then current underwriting guidelines, is required to add this rider. The supplemental cost of insurance rate applies.<br>Additional asset based charges also apply. |

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(1)&nbsp;&nbsp;&nbsp;&nbsp;Availability of these riders varies. See the more detailed information below.

**BUYING THE POLICY**

**Payment of Premiums**

You may make unscheduled premium payments and/or Planned Periodic Premiums. Planned periodic premiums are premiums in the amount and on the frequency you plan to pay. We will send premium reminder notices if you establish an annual, semiannual, or quarterly planned payment schedule. You may set up preauthorized withdrawals to allow us to automatically deduct premium payments from your checking or other financial institution account.

The amount and frequency of your premium payments affects the Policy Value, the Net Policy Value, and how long the Policy remains in force. Insufficient premium payments may cause the policy to lapse.

**Premium Limitations**

The Internal Revenue Code imposes limits on premiums under the guideline premium/cash value corridor test, as well as to determine whether the policy is classified as a Modified Endowment Contract. If you

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make a premium payment that we determine exceeds one or both of these limits, we reserve the right to only accept that portion of the payment that is within the applicable limit(s) and refund or apply the excess premium as follows:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• If we receive such premium payments more than 30 days from the date the applicable limit will increase, we will refund the excess premium payment to you.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• If we receive such premium payments within 30 days from the date the applicable limit will increase, we will hold the excess premium payment in a non-interest bearing account and apply it to your policy once the applicable limit increases.

Except for any amount necessary to continue the policy in force, we reserve the right to refund any premium that increases the policy's death benefit by more than it increases the Policy Value. Alternatively, we may require satisfactory evidence of insurability.

The minimum initial premium required is based on the Initial Total Face Amount of the Policy, the death benefit option and the charges and expenses of the Policy. There is no minimum amount requirement for subsequent premiums; however, insufficient premium payments may cause the policy to lapse.

**Allocation of Premiums**

We allocate your initial Net Premiums as described below. Thereafter, allocations of Net Premiums are made to the Divisions and the Fixed Account according to your instructions. The total of all allocation percentages must equal 100. Net Premiums are allocated as of the Valuation Period in which they are received in good order. The allocation changes are effective at the end of the Valuation Period in which the new instructions are received.

<u>Premium Refund States</u> 

If the Policy is issued in a state that requires a full refund of premium when the policy is returned during the examination offer period, the initial Net Premium, including any premium received during the examination offer period, is allocated to the Money Market Division. The premium will be reallocated to the Divisions and the Fixed Account according to your instructions on the later of the Effective Date or the end of the examination offer period (or on the first Business Day thereafter).

If the purchase of this policy falls within the definition of a replacement under state law, we reserve the right to retain the initial Net Premiums in the Money Market Division to correspond to the examination offer period of a particular state's replacement requirements.

<u>Market Value States</u>

If the policy is issued in a state that allows refund of Net Policy Value when the policy is returned during the examination offer period, the initial Net Premium is immediately allocated to the Divisions according to your instructions. In these states, we will refund the Net Policy Value, which may be more or less than your premium, if the policy is returned during the examination offer period.

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**HOW YOUR POLICY CAN LAPSE**

**Policy Termination (Lapse)**

A Policy will go into default and is at risk of terminating if the Net Policy Value on any Monthly Date is less than the Monthly Policy Charge.

Before any Policy lapses, the Policy will enter a grace period, described below, during which you may pay the minimum required premium to keep your Policy in force. A Policy will terminate if you have not made the minimum required premium payment before the grace period expires.

The Policy also terminates:

• when you make a full Policy surrender;

• when death proceeds are paid; or

• when the maturity proceeds are paid.

When the Policy terminates, all privileges and rights of the Owner(s) and all optional insurance benefits will end. Subject to certain conditions, you may reinstate a policy that has terminated, as described below.

**Grace Period**

If a Policy goes into default and is at risk of terminating, we will send you notice of a 61-day grace period during which you can pay the minimum required premium to keep your Policy in force. This grace period begins on the date we mail the notice of impending policy termination to you. The notice will be sent to your last post office address known to us and will tell you the amount of the minimum required premium to keep the Policy in force, payment instructions; and the grace period end date.

Your Policy will remain in force during the grace period. If we do not receive the minimum required premium payment by the end of the grace period, your Policy will terminate without value.

No partial surrenders or policy loans may be made during a grace period.

<u>Minimum Required Premium</u>

The minimum required premium is intended to (i) reimburse us for the Monthly Policy Charges during the grace period, and (ii) provide enough Policy Value to pay the Monthly Policy Charge on the first Monthly Date after grace period. The minimum required premium payment is [(a) plus (b)] divided by (c) where:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;&nbsp;&nbsp;&nbsp;is any amount by which your Net Policy Value is less than zero at the start of the grace period after the Monthly Policy Charge is deducted;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;&nbsp;&nbsp;&nbsp;is three Monthly Policy Charges; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)&nbsp;&nbsp;&nbsp;&nbsp;is 1 minus the guaranteed maximum Premium Expense Charge percentage.

If the grace period ends before we receive the minimum required premium, we keep any remaining value in the Policy to cover past due policy charges. Adverse market fluctuations may cause the Policy to enter into subsequent grace periods.

The length of the grace period and/or the calculation for the minimum required premium may be different in some states.

<u>Death During Grace Period</u>

If the Insured dies during a grace period, we will pay the death benefit to the beneficiary(ies). The amount of the death benefit will be reduced by: all Monthly Policy Charges due and unpaid at the death of the Insured; and any Loan Indebtedness.

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NOTE:&nbsp;&nbsp;&nbsp;&nbsp;The state of Florida requires that the Net Policy Value of the Policy equal zero prior to entering a grace period. The grace period will end 31 days after the day the notice is mailed.

**Reinstatement**

Subject to certain conditions, you may reinstate a Policy that terminated. The Policy may be reinstated provided all of the following conditions are satisfied:

• such reinstatement is prior to the Policy Maturity Date;

• You have not surrendered your Policy;

• not more than three years have elapsed since the policy terminated (this time period may be longer in some states);

• You supply evidence which satisfies us that the Insured is alive and is insurable under our underwriting guidelines then in effect;

• You either repay or reinstate any Loan Indebtedness existing at termination; and

• You make the minimum required premium payment.

The minimum required premium is intended to a) reimburse us for the Monthly Policy Charges during the grace period and b) provide enough Policy Value to pay Monthly Policy Charges for three Policy Months after reinstatement. The minimum required premium payment is [(1) plus (2)] divided by (3) where:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1)&nbsp;&nbsp;&nbsp;&nbsp;is any amount by which your Net Policy Value is less than zero at the end of the grace period after the Monthly Policy Charge is deducted;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2)&nbsp;&nbsp;&nbsp;&nbsp;is three Monthly Policy Charges; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3)&nbsp;&nbsp;&nbsp;&nbsp;is 1 minus the guaranteed maximum Premium Expense Charge percentage.

NOTE:&nbsp;&nbsp;&nbsp;&nbsp;The minimum required premium during a grace period and the minimum required premium to reinstate a policy are calculated differently. The minimum required premium for reinstatement is calculated to collect Monthly Policy Charges due and unpaid during the grace period and to provide us with enough Policy Value to pay three Monthly Policy Charges after reinstatement of the Policy. As a result, the minimum required premium for reinstatement will be higher than the minimum required premium for grace period.

Reinstatement will be effective on the next Monthly Date following the date we approve the reinstatement application. Your rights and privileges as Owner(s) are restored upon reinstatement. The reinstated Policy will have the same Policy Date as the original Policy. The Death Benefit Guarantee rider will be as if the Policy had never ended. You will receive new Data Pages upon reinstatement.

If a policy loan or loan interest was unpaid when the Policy terminated, the policy loan must be reinstated or repaid (loan interest does not accrue over the period the Policy was terminated). We do not require payment of Monthly Policy Charges during the period the Policy was terminated.

Premiums received with your reinstatement application are held in our General Account without interest (for a period of up to 60 days) while we complete underwriting for the reinstatement. If the reinstatement is approved, premiums are allocated to your selected Division(s) and/or Fixed Account on the reinstatement date. We will use the premium allocation percentages in effect at the time of termination of the Policy unless you provide new allocation instructions.

If you reinstate your Policy, the Premium Expense Charge and the monthly policy issue charge are calculated based on the number of years since the Policy was issued.

**MAKING WITHDRAWALS: ACCESSING THE MONEY IN YOUR POLICY**

You must send us a Written Request for any surrender. The request must be signed by all Owners, irrevocable beneficiary(ies), if any, and any assignees. The surrender is effective and the Surrender Value

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calculated as of the end of the Valuation Period during which we receive the Written Request for surrender. Partial surrenders may negatively affect your Death Benefit Guarantee rider, if applicable. Partial surrenders will reduce your face amount if under death benefit option 1 or 3.

<u>Unscheduled Partial Surrenders</u>

On or after the first policy anniversary and prior to the Policy Maturity Date, you may surrender a part of the Net Policy Value. You may take two unscheduled partial surrenders during a Policy Year before any transaction fees apply. After the second unscheduled partial surrender in a Policy Year, a transaction fee of the lesser of $25 or 2% of the amount surrendered is charged on each unscheduled partial surrender. An unscheduled partial surrender may not be less than $500 and may not be greater than 90% of the Net Policy Value as of the effective date of the unscheduled partial surrender. The unscheduled partial surrender may not decrease the Total Face Amount to less than $100,000. Unscheduled partial surrenders will negatively affect your death benefit and your Death Benefit Guarantee rider, if applicable.

<u>Scheduled Partial Surrenders</u>

Partial surrenders may be scheduled on a monthly, quarterly, semiannual, or annual basis. Each scheduled partial surrender may not be greater than 90% of the Net Policy Value (as of the date of the scheduled partial surrender). A scheduled partial surrender may cause a reduction in the Total Face Amount.

<u>Full Surrender</u>

The Policy may be surrendered while the policy is in effect. There is no refund of any Monthly Policy Charges deducted before the full surrender effective date.

**ADDITIONAL INFORMATION ABOUT FEES**

The following tables describe the fees and expenses that you will pay when buying, owning, and surrendering or making withdrawals from the Policy. Please refer to your Data Pages for information about the specific fees you will pay based on the options you have elected.

The first table describes the fees and expenses that you will pay at the time that you buy the Policy, partially or fully surrender the Policy, make withdrawals from the Policy, or transfer cash value between investment options.

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| | | |
|:---|:---|:---|
| **Charge** | **When Charge is Deducted** | **Amount Deducted** |
| Sales Charge<sup>(1)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;upon receipt of premium |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Maximum |  | 6.75% of premium paid<sup>(2)</sup> |
| &nbsp;&nbsp;&nbsp;&nbsp;Current |  | 3.25% of premium paid<sup>(2)</sup> |
| Taxes (federal, state and local) | &nbsp;&nbsp;&nbsp;&nbsp;upon receipt of premium |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Maximum |  | 3.25% of premium paid |
| &nbsp;&nbsp;&nbsp;&nbsp;Current |  | 3.25% of premium paid |
| Transaction Fee for Unscheduled Partial Surrender | &nbsp;&nbsp;&nbsp;&nbsp;from each unscheduled partial surrender after the second unscheduled partial surrender in a Policy Year |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Maximum |  | The lesser of $25 or 2% of the amount surrendered |
| &nbsp;&nbsp;&nbsp;&nbsp;Current |  | The lesser of $25 or 2% of the amount surrendered |
| Transfer Fee for Unscheduled Division Transfer<sup>(3)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;upon each unscheduled Division transfer after the first unscheduled Division transfer in a Policy Month |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Maximum |  | $25 per unscheduled transfer |
| &nbsp;&nbsp;&nbsp;&nbsp;Current |  |  |
| Optional Insurance Benefits |  |  |
| &nbsp;&nbsp;Life Paid-Up Rider | &nbsp;&nbsp;&nbsp;&nbsp;on the date rider benefit begins |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Maximum (if Policy is issued with the guideline premium/cash value corridor test)<sup>(4)</sup> |  | 7.50% of Policy Value |
| &nbsp;&nbsp;&nbsp;&nbsp;Maximum (if the Policy is issued with the cash value accumulation test)<sup>(4)</sup> |  | 13.50% of Policy Value |
| &nbsp;&nbsp;&nbsp;&nbsp;Current (if Policy is issued with the guideline premium/cash value corridor test)<sup>(4)</sup> |  | 5.50% of Policy Value |
| &nbsp;&nbsp;&nbsp;&nbsp;Current (if the Policy is issued with the cash value accumulation test)<sup>(4)</sup> |  | 7.50% of Policy Value |

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<sup>(1)</sup> The Sales Charge varies over time and also varies with the existence of the supplemental benefit rider, as described in CHARGES AND DEDUCTIONS - Premium Expense Charge in the statutory prospectus.

<sup>(2)</sup> Premium paid up to Target Premium. The maximum sales charge on premium paid in excess of Target Premium is 6.75%.

<sup>(3)</sup> In addition to the fees shown, additional transfer fees or restrictions may be imposed by federal regulators, state regulators and/ or sponsors of the underlying mutual funds. See GENERAL DESCRIPTION OF THE POLICY in the statutory prospectus.

<sup>(4)</sup> For more information regarding the guideline premium/cash value corridor test and the cash value accumulation test, see DEATH BENEFITS AND POLICY VALUES - IRS Definition of Life Insurance in the statutory prospectus.

This table describes the fees and expenses that you will pay periodically during the time that you own the Policy, not including underlying fund fees and expenses.

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| | | |
|:---|:---|:---|
| **Charge** | **When Charge is**<br>**Deducted** | **Amount Deducted** |
| Cost of Insurance<sup>(1)</sup> | monthly |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Maximum |  | $83.33333 per $1,000 of Net Amount at Risk |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Minimum |  | $0.00585 per $1,000 of Net Amount at Risk |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Maximum Charge for Representative Insured<sup>(2)</sup> |  | $0.01455 per $1,000 of Net Amount at Risk  |
| &nbsp;&nbsp;&nbsp;&nbsp;Asset Based Charge for Base Face Amount<sup>(5)</sup><br>*Policy without Enhanced Cash Surrender Value Rider* | monthly |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Maximum |  | 0.90% of Division value per year |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Current Charge |  | 0.30% of Division value per year |
| &nbsp;&nbsp;&nbsp;*Policy with Enhanced Cash Surrender Value Rider (including 1.20 charge multiplier for 25% Enhancement Factor option)* |  |  |

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| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Maximum |  | 0.90% of Division value per year |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Current Charge |  | 0.36% of Division value per year |
| &nbsp;&nbsp;&nbsp;*Policy with Enhanced Cash Surrender Value Rider (including 1.45 charge multiplier for 50% Enhancement Factor option)* |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Maximum |  | 0.90% of Division value per year |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Current |  | 0.44% of Division value per year |
| &nbsp;&nbsp;&nbsp;*Policy with Enhanced Cash Surrender Value Rider (including 1.65 charge multiplier for 75% Enhancement Factor option)* |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Maximum |  | 0.90% of Division value per year |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Current |  | 0.50% of Division value per year |
| &nbsp;&nbsp;&nbsp;*Policy with Enhanced Cash Surrender Value Rider (including 1.80 charge multiplier for 100% Enhancement Factor option)* |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Maximum |  | 0.90% of Division value per year |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Current |  | 0.54% of Division value per year |
| Monthly Policy Issue Charge<sup>(1)</sup> | monthly |  |
| &nbsp;&nbsp;&nbsp;&nbsp;*Policy without Supplemental Benefit Rider* |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Maximum |  | $1.08418 per $1,000 of Total Face Amount |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Minimum |  | $0.05467 per $1,000 of Total Face Amount |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Maximum Charge for Representative Insured<sup>(2)</sup> |  | $0.06000 per $1,000 of Total Face Amount |
| &nbsp;&nbsp;&nbsp;&nbsp;*Policy with Supplemental Benefit Rider* |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Maximum |  | $1.08418 per $1,000 of Total Face Amount |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Minimum |  | $0.00547 per $1,000 of Total Face Amount |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Maximum Charge for Representative Insured<sup>(2)</sup> |  | $0.04800 per $1,000 of Total Face Amount  |
| Net Policy Loan Charge<sup>(3)</sup> | annually (accrued daily) |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Maximum |  | 1.0% of Loan Indebtedness per year<sup>(4)</sup> |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Current |  | 1.0% of Loan Indebtedness per year<sup>(4)</sup> |
| **Optional Insurance Benefits** | **Optional Insurance Benefits** | **Optional Insurance Benefits** |
| Supplemental Benefit Rider | monthly |  |
| *<u>Additional Asset Based Charge</u>*<sup>(5)</sup> |  |  |
| &nbsp;&nbsp;&nbsp;*Policy without Enhanced Cash Surrender Value Rider* |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Maximum |  | 0.90% of Division value per year |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Current |  | 0.15% of Division value per year |
| &nbsp;&nbsp;&nbsp;*Policy with Enhanced Cash Surrender Value Rider (including 1.20 charge multiplier for 25% Enhancement Factor option)* |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Maximum |  | 0.90% of Division value per year |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Current |  | 0.18% of Division value per year |
| &nbsp;&nbsp;&nbsp;*Policy with Enhanced Cash Surrender Value Rider (including 1.45 charge multiplier for 50% Enhancement Factor option)* |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Maximum |  | 0.90% of Division value per year |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Current |  | 0.22% of Division value per year |
| &nbsp;&nbsp;&nbsp;*Policy with Enhanced Cash Surrender Value Rider (including 1.65 charge multiplier for 75% Enhancement Factor option)* |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Maximum |  | 0.90% of Division value per year |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Current |  | 0.25% of Division value per year |
| &nbsp;&nbsp;&nbsp;*Policy with Enhanced Cash Surrender Value Rider (including 1.80 charge multiplier for 100% Enhancement Factor option)* |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Maximum |  | 0.90% of Division value per year |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Current |  | 0.27% of Division value per year |

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| | |
|:---|:---|
| *<u>Cost of Supplemental Insurance Charge</u>*<sup>(1)</sup> |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Maximum | $83.33333 per $1,000 of Net Amount at Risk |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Minimum | $0.00374 per $1,000 of Net Amount at Risk |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Maximum Charge for Representative Insured<sup>(2)</sup> | $0.00873 per $1,000 of Net Amount at Risk |

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<sup>(1)</sup> This charge varies based on individual characteristics, within the minimum and maximum shown. As a result, the current charge shown in the table may not be representative of the charge that you will pay. To obtain more information about the charge that would apply to you, contact your registered representative or call 1-800-247-9988 and request personalized illustrations.

<sup>(2)</sup> Current charges reflect the charges in effect as of the date of this prospectus for a Representative Insured, which is a 45 year-old male with a risk classification of preferred non-tobacco for Policy Year one.

<sup>(3)</sup> The difference between the interest charged on the Loan Indebtedness and the interest credited to the Loan Account.

<sup>(4)</sup> This charge decreases after Policy Year ten.

<sup>(5)</sup> If you elect the Enhanced Cash Surrender Value Rider, the asset based charge(s) under your Policy will be increased by a designated multiplier, which varies based on the applicable Enhancement Factor option. The multiplier will be applied to the asset based charge for the proportionate Base Face Amount and, if elected, the Supplemental Benefit Rider. A higher Enhancement Factor will result in higher asset based charges compared to a lower Enhancement Factor. There is no multiplier to the asset based charge(s) if the Enhanced Cash Surrender Value Rider has not been elected.

The following table shows the minimum and maximum total expenses charged by the Underlying Funds that you may pay periodically during the time that you own the Policy. A complete list of Underlying Funds, including their annual expenses, is provided in APPENDIX - UNDERLYING FUNDS AVAILABLE UNDER THE POLICY.

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| | | |
|:---|:---|:---|
| **Annual Underlying Fund Expenses as of December 31, 2024** | **Minimum** | **Maximum** |
| Total annual Underlying Fund expenses (expenses that are deducted from Underlying Fund assets, including management fees, distribution and/or service (12b-1) fees and other expenses) | 0.12% | 2.86% |

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**APPENDIX - UNDERLYING FUNDS AVAILABLE UNDER THE POLICY**

The following is a list of Underlying Funds currently available under the Policy, which is subject to change. Before you invest, you should review the prospectuses for the Underlying Funds, as may be amended from time to time. These prospectuses contain more information about the Underlying Funds and their risks. You can find the prospectuses and other information about the Underlying Funds online at www.principal.com/ExecutiveVUL3Report. You can also request this information at no cost by calling 1-800-247-9988 or by sending an email request to Lifeinsurance@principal.com.

The current expenses and performance information below reflects fees and expenses of the Underlying Funds, but does not reflect the other fees and expenses that your Policy may charge. Expenses would be higher and performance would be lower if these charges were included. Each Underlying Fund's past performance is not necessarily an indication of future performance.

Some of the Underlying Funds are "funds of funds." A fund of funds is a mutual fund that invests primarily in a portfolio of other mutual funds. Operating expenses shown for a fund of funds include the fees and expenses that such fund incurs indirectly as a result of investing in other funds. More detail about the risks of investing in a fund of funds is available in such fund's prospectus.

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| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| **Fund Company and Fund Name and Class** | **Fund Type** | **Advisor/**<br>**Sub-Advisor** | **Current Expense Ratio** | **Average Annual Total Returns** | **Average Annual Total Returns** | **Average Annual Total Returns** | **Average Annual Total Returns** |
| **Fund Company and Fund Name and Class** | **Fund Type** | **Advisor/**<br>**Sub-Advisor** | **Current Expense Ratio** | **1 yr** | **5 yr** | **10 yr** | **Since Inception** |
| AllianceBernstein Variable Products Discovery Value - Class A | Small/Mid US Equity | AllianceBernstein L.P. | 0.81% | 10.02% | 8.86% | 7.63% |  |
| AllianceBernstein Variable Products International Value - Class A<sup>(1)</sup> | International Equity | AllianceBernstein L.P. | 0.90% | 5.07% | 3.53% | 3.25% |  |
| AllianceBernstein Variable Products Sustainable Global Thematic Growth - Class A<sup>(1)</sup> | International Equity | AllianceBernstein L.P. | 0.92% | 6.21% | 9.03% | 9.72% |  |
| American Funds Insurance Series Capital World Bond - Class 2<sup>(1)</sup> | Fixed Income | Capital Research and Management Company | 0.73% | -3.04% | -2.41% | -0.09% |  |
| American Funds Insurance Series Global Balanced - Class 2 | Asset Allocation | Capital Research and Management Company | 0.77% | 6.58% | 4.84% | 5.90% |  |
| American Funds Insurance Series Global Small Capitalization - Class 2 | International Equity | Capital Research and Management Company | 0.91% | 2.33% | 3.01% | 5.81% |  |
| American Funds Insurance Series Growth - Class 2 | Large US Equity | Capital Research and Management Company | 0.59% | 31.63% | 18.83% | 16.58% |  |
| American Funds Insurance Series International - Class 2 | International Equity | Capital Research and Management Company | 0.78% | 3.16% | 1.23% | 4.01% |  |
| American Funds Insurance Series New World - Class 2<sup>(1)</sup> | International Equity | Capital Research and Management Company | 0.82% | 6.56% | 4.54% | 6.22% |  |
| American Funds Insurance Series Washington Mutual Investors - Class 2<sup>(1)</sup> | Large US Equity | Capital Research and Management Company | 0.52% | 19.14% | 12.18% | 10.26% |  |
| BNY Mellon IP MidCap Stock - Service Class | Small/Mid US Equity | BNY Mellon Investment Adviser, Inc. / Mellon Investments Corp | 1.05% | 12.33% | 9.00% | 7.22% |  |
| BNY Mellon IP Technology Growth - Service Class | Other-Technology | BNY Mellon Investment Adviser, Inc. | 1.03% | 25.39% | 15.29% | 14.79% |  |
| BNY Mellon Sustainable U.S. Equity - Service Class | Large US Equity | BNY Mellon Investment Adviser, Inc. / Newton Investment Management (North America) Limited | 0.92% | 24.58% | 13.18% | 11.25% |  |

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| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| BNY Mellon VIF Appreciation - Service Class | Large US Equity | Fayez Sarofim & Co / BNY Mellon Investment Adviser, Inc. | 1.10% | 12.48% | 11.66% | 11.28% |  |
| CVT EAFE International Index - Class F<sup>(1)</sup> | International Equity | Calvert Research and Management | 0.68% | 2.95% | 4.19% | 4.60% |  |
| CVT Investment Grade Bond Index - Class I<sup>(1)</sup> | Fixed Income | Calvert Research and Management / Ameritas Investment Partners, Inc. | 0.32% | 1.03% | -0.36% | 1.20% |  |
| CVT Russell 2000 Small Cap Index - Class F<sup>(1)</sup> | Small/Mid US Equity | Calvert Research and Management / Ameritas Investment Partners, Inc. | 0.59% | 11.00% | 6.94% | 7.24% |  |
| ClearBridge Mid Cap - Class I | Small/Mid US Equity | Legg Mason Partners Fund Advisor, LLC / Legg Mason Partners Fund Advisor, LLC | 0.83% | 10.01% | 6.61% | 7.29% |  |
| ClearBridge Small Cap Growth - Class I | Small/Mid US Equity | Legg Mason Partners Fund Advisor, LLC / Legg Mason Partners Fund Advisor, LLC | 0.80% | 4.50% | 5.39% | 7.93% |  |
| Columbia Variable Portfolio – Acorn International <sup>(1)</sup> | International Equity | Columbia Management Investment Advisers, LLC | 1.08% | -8.25% | -0.72% | 3.07% |  |
| DWS Alternative Asset Allocation - Class B | Other-Multialternative | RREEF America L.L.C. / DWS Investment Management Amercias Inc. | 1.21% | 5.30% | 3.97% | 2.83% |  |
| DWS Small Mid Cap Value - Class B<sup>(1)</sup> | Small/Mid US Equity | DWS Investment Management Americas Inc | 1.17% | 5.79% | 5.51% | 5.20% |  |
| Fidelity VIP Consumer Staples - Service Class 2 | Other - Consumer Defensive | Fidelity Management & Research Company | 0.87% | 5.29% | 6.61% | 7.12% |  |
| Fidelity VIP Contrafund - Service Class 2 | Large US Equity | Fidelity Management & Research Company | 0.81% | 33.45% | 16.74% | 13.33% |  |
| Fidelity VIP Energy - Service Class 2 | Other - Equity Energy | Fidelity Management & Research Company | 0.86% | 4.02% | 12.13% | 4.19% |  |
| Fidelity VIP Equity-Income - Service Class 2 | Large US Equity | Fidelity Management & Research Company | 0.72% | 15.06% | 9.80% | 8.95% |  |
| Fidelity VIP Extended Market Index - Service Class 2 | Small/Mid US Equity | Fidelity Management & Research Co / Geode Capital Management, LLC and FMR Co., Inc. | 0.38% | 12.03% | 8.53% |  | 8.04% |
| Fidelity VIP Gov't Money Market - Service Class | Short-Term Fixed Income | Fidelity Management and Research Co | 0.37% | 5.01% | 2.27% | 1.55% |  |
| Fidelity VIP High Income - Service Class 2 | Fixed Income | Fidelity Management and Research Co | 1.02% | 8.62% | 2.47% | 3.90% |  |
| Fidelity VIP International Index - Service Class 2 | International Equity | Fidelity Management & Research Co / Geode Capital Management, LLC and FMR Co., Inc. | 0.42% | 4.82% | 3.83% |  | 3.38% |
| Fidelity VIP Mid Cap - Service Class 2 | Small/Mid US Equity | Fidelity Management and Research Co | 0.82% | 17.18% | 11.06% | 8.94% |  |
| Fidelity VIP Strategic Income - Service Class 2 | Fixed Income | Fidelity Management and Research Co | 0.90% | 5.78% | 2.54% | 3.33% |  |

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| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| Fidelity VIP Total Market Index - Service Class 2 | Asset Allocation | Fidelity Management & Research Co / Geode Capital Management, LLC and FMR Co., Inc. | 0.37% | 23.38% | 13.46% |  | 13.09% |
| Franklin Templeton VIP Trust - Franklin Income VIP - Class 2<sup>(1)</sup> | Balanced/Asset Allocation | Templeton Investment Counsel, LLC / Franklin Advisers, Inc. | 0.71% | 7.20% | 5.29% | 5.27% |  |
| Franklin Templeton VIP Trust - Franklin Mutual Global Discovery VIP - Class 2 | International Equity | Franklin Mutual Advisers, LLC | 1.15% | 4.66% | 6.42% | 5.87% |  |
| Franklin Templeton VIP Trust - Franklin Mutual Shares VIP - Class 2 | Large US Equity | Franklin Mutual Advisers, LLC | 0.93% | 11.27% | 5.75% | 5.83% |  |
| Franklin Templeton VIP Trust - Franklin Rising Dividends VIP - Class 2 | Large US Equity | Franklin Mutual Advisers, LLC | 0.90% | 10.79% | 10.30% | 10.44% |  |
| Franklin Templeton VIP Trust - Franklin Small Cap Value VIP - Class 2 | Small/Mid US Equity | Franklin Mutual Advisers, LLC | 0.91% | 11.71% | 8.36% | 8.17% |  |
| Franklin Templeton VIP Trust - Franklin Strategic Income VIP - Class 2 | Fixed Income | Franklin Advisers, Inc. | 1.09% | 4.02% | 1.19% | 1.98% |  |
| Franklin Templeton VIP Trust - Templeton Developing Markets VIP - Class 2 | International Equity | Templeton Asset Management Ltd. / Franklin Templeton Investment Management Limited | 1.35% | 7.67% | 0.88% | 3.98% |  |
| Franklin Templeton VIP Trust - Templeton Foreign VIP - Class 2<sup>(1)</sup> | International Equity | Templeton Investment Counsel, LLC | 1.07% | -1.00% | 2.60% | 2.38% |  |
| Franklin Templeton VIP Trust - Templeton Global Bond VIP - Class 2<sup>(1)</sup> | Fixed Income | Franklin Advisers, Inc. | 0.75% | -11.37% | -4.85% | -2.03% |  |
| Franklin Templeton VIP Trust - Franklin U.S. Government Securities VIP - Class 2 | Fixed Income | Franklin Advisers, Inc. | 0.77% | 1.37% | -0.52% | 0.53% |  |
| Invesco VI American Franchise - Series II | Large US Equity | Invesco Advisers, Inc. | 1.11% | 34.56% | 15.56% | 13.88% |  |
| Invesco VI American Value- Series I | Small/Mid US Equity | Invesco Advisers, Inc. | 0.89% | 30.41% | 13.69% | 9.12% |  |
| Invesco VI Core Equity- Series II | Large US Equity | Invesco Advisers, Inc. | 1.05% | 25.29% | 12.07% | 9.15% |  |
| Invesco VI Discovery Mid Cap Growth- Series I<sup>(1)</sup> | Small/Mid US Equity | Invesco Advisers, Inc. | 0.87% | 24.23% | 10.21% | 11.57% |  |
| Invesco VI EQV International Equity - Series I | International Equity | Invesco Advisers, Inc. | 0.90% | 0.62% | 3.23% | 4.36% |  |
| Invesco VI Global Real Estate - Series I | Other-Global Real Estate | Invesco Asset Management Limited / Invesco Advisers, Inc. | 1.02% | -1.80% | -2.39% | 1.52% |  |
| Invesco VI Health Care- Series I | Other-Health | Invesco Advisers, Inc. | 0.98% | 4.17% | 3.64% | 5.40% |  |
| Invesco VI Main Street Mid Cap- Series II | Small/Mid US Equity | Invesco Advisers, Inc. | 1.19% | 16.79% | 8.83% | 7.68% |  |
| Invesco VI Main Street Small Cap - Series II<sup>(1)</sup> | Small/Mid US Equity | Invesco Advisers, Inc. | 1.13% | 12.41% | 10.22% | 8.73% |  |
| Invesco VI Small Cap Equity- Series I | Small/Mid US Equity | Invesco Advisers, Inc. | 0.95% | 18.09% | 10.89% | 8.09% |  |
| Janus Henderson Series Balanced - Service Class | Balanced/Asset Allocation | Janus Capital Management LLC | 0.87% | 15.15% | 8.06% | 8.40% |  |

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| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| Janus Henderson Series Enterprise- Service Class | Small/Mid US Equity | Janus Capital Management LLC | 0.97% | 15.32% | 9.61% | 12.12% |  |
| Janus Henderson Series Flexible Bond - Service Class<sup>(1)</sup> | Fixed Income | Janus Capital Management LLC | 0.82% | 1.63% | 0.09% | 1.35% |  |
| Janus Henderson Series Forty - Service Class | Large US Equity | Janus Capital Management LLC | 0.80% | 28.14% | 15.12% | 15.36% |  |
| Janus Henderson Series Global Research - Service Class | International Equity | Janus Capital Management LLC | 0.86% | 23.27% | 12.07% | 10.27% |  |
| Janus Henderson Global Sustainable Equity- Service | International Equity | Janus Henderson Investors US LLC | 1.12% | 11.01% |  |  | 5.52% |
| Janus Henderson Series Global Technology and Innovation - Service Class | Other-Technology | Janus Capital Management LLC | 0.97% | 31.76% | 17.80% | 19.06% |  |
| Lord Abbett Series Fund Developing Growth- Class VC<sup>(1)</sup> | Small/Mid US Equity | Lord, Abbett & Co, LLC | 1.04% | 22.18% | 7.27% | 8.59% |  |
| LVIP American Century Capital Appreciation - Service Class | Small/Mid US Equity | Lincoln Investment Advisors Corporation, through a sub-advisory agreement with American Century Investment Management Inc. | 0.94% | 24.79% | 11.27% | 10.79% |  |
| LVIP American Century Disciplined Core Value - Service Class | Large US Equity | Lincoln Investment Advisors Corporation, through a sub-advisory agreement withAmerican Century Investment Management Inc. | 0.96% | 12.84% | 7.91% | 7.97% |  |
| LVIP American Century Inflation Protection - Service Class | Inflation-Protected Bond | Lincoln Investment Advisors Corporation, through a sub-advisory agreement withAmerican Century Investment Management Inc. | 0.77% | 1.54% | 1.22% | 1.73% |  |
| LVIP American Century International - Service Class | International Equity | Lincoln Investment Advisors Corporation, through a sub-advisory agreement withAmerican Century Investment Management Inc. | 1.10% | 9.29% | 8.41% | 8.01% |  |
| LVIP American Century Mid Cap Value - Service Class | Small/Mid US Equity | Lincoln Investment Advisors Corporation, through a sub-advisory agreement withAmerican Century Investment Management Inc. | 1.01% | 2.46% | 3.39% | 4.77% |  |
| LVIP American Century Value - Service Class | Large US Equity | Lincoln Investment Advisors Corporation, through a sub-advisory agreement withAmerican Century Investment Management Inc. | 0.86% | 8.52% | 7.13% | 7.87% |  |
| Macquarie VIP Small Cap Value - Service Class | Small/Mid US Equity | Delaware Management Company | 1.08% | 11.02% | 6.83% | 7.30% |  |
| MFS Blended Research Small Cap Equity- Service Class | Small/Mid US Equity | Massachusetts Financial Services Company | 0.76% | 4.65% | 5.94% | 7.75% |  |
| MFS Global Equity Series - Service Class<sup>(1)</sup> | International Equity | Massachusetts Financial Services Company | 1.17% | 5.36% | 5.40% | 7.11% |  |

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| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| MFS Growth Series - Service Class | Large US Equity | Massachusetts Financial Services Company | 0.98% | 31.15% | 14.46% | 14.82% |
| MFS Inflation Adjusted Bond - Service Class | Fixed Income | Massachusetts Financial Services Company | 0.82% | -4.13% | -2.47% | -0.49% |
| MFS International Intrinsic Value - Service Class<sup>(1)</sup> | International Equity | Massachusetts Financial Services Company | 1.14% | 6.97% | 4.88% | 7.26% |
| MFS Mid Cap Value- Service Class | Small/Mid US Equity | Massachusetts Financial Services Company | 1.04% | 13.52% | 9.47% | 8.78% |
| MFS New Discovery- Service Class<sup>(1)</sup> | Small/Mid US Equity | Massachusetts Financial Services Company | 1.12% | 6.44% | 4.71% | 8.92% |
| MFS New Discovery Value - Service Class<sup>(1)</sup> | Small/Mid US Equity | Massachusetts Financial Services Company | 1.13% | 9.18% | 8.40% | 9.67% |
| MFS Research International - Service Class<sup>(1)</sup> | International Equity | Massachusetts Financial Services Company | 1.14% | 2.78% | 3.64% | 4.95% |
| MFS Total Return - Service Class<sup>(1)</sup> | Balanced/Asset Allocation | Massachusetts Financial Services Company | 0.86% | 7.46% | 5.89% | 6.20% |
| MFS Utilities - Service Class | Other-Utilities | Massachusetts Financial Services Company | 1.04% | 11.34% | 5.61% | 6.02% |
| MFS Value - Service Class<sup>(1)</sup> | Large US Equity | Massachusetts Financial Services Company | 0.94% | 11.35% | 7.76% | 8.36% |
| Neuberger Berman AMT Mid Cap Growth - Class S<sup>(1)</sup> | Small/Mid US Equity | Neuberger Berman Investment Advisers LLC | 1.11% | 23.76% | 10.35% | 10.25% |
| Neuberger Berman AMT Quality Equity - Class I | Large US Equity | Neuberger Berman Investment Advisers, LLC | 0.89% | 25.84% | 13.97% | 11.44% |
| PIMCO VIT All Asset - Administrative Class<sup>(1)</sup> | Balanced/Asset Allocation | Research Affiliates, LLC / Pacific Investment Management Company LLC | 2.19% | 3.74% | 4.42% | 4.37% |
| PIMCO VIT CommodityRealReturn Strategy - Administrative Class | Other-Commodities | Pacific Investment Management Company LLC | 1.48% | 4.16% | 7.10% | 1.64% |
| PIMCO VIt Emerging Markets Bond - Administrative Class | Fixed Income | Pacific Investment Management Company LLC | 1.27% | 7.55% | 0.93% | 3.38% |
| PIMCO VIT High Yield - Administrative Class | Fixed Income | Pacific Investment Management Company LLC | 0.77% | 6.90% | 3.36% | 4.51% |
| PIMCO VIT International Bond Portfolio (U.S. Dollar Hedged) - Administrative Class | Global Bond - USD Hedged | Pacific Investment Management Company LLC | 1.01% | 5.46% | 1.34% | 2.52% |
| PIMCO VIT Long-Term U.S. Government - Administrative Class | Fixed Income | Pacific Investment Management Company LLC | 2.01% | -6.02% | -4.92% | -0.72% |
| PIMCO VIT Low Duration - Administrative Class | Short-Term Fixed Income | Pacific Investment Management Company LLC | 0.69% | 4.50% | 1.08% | 1.27% |
| PIMCO VIT Real Return - Administrative Class | Fixed Income | Pacific Investment Management Company LLC | 0.84% | 2.13% | 1.93% | 2.16% |
| PIMCO VIT Short-Term - Administrative Class | Short-Term Fixed Income | Pacific Investment Management Company LLC | 0.66% | 6.06% | 2.77% | 2.40% |
| PIMCO VIT Total Return - Administrative Class | Fixed Income | Pacific Investment Management Company LLC | 0.75% | 2.54% | -0.03% | 1.53% |
| Principal Variable Contracts Funds ("PVC") Bond Market Index - Class 1 | Fixed Income | Principal Global Investors, LLC | 0.15% | 1.08% | -0.50% | 1.11% |

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| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| PVC Core Plus Bond- Class 1 | Fixed Income | Principal Global Investors, LLC | 0.50% | 0.90% | -0.09% | 1.58% |
| PVC Diversified International- Class 1 | International Equity | Principal Global Investors, LLC | 0.89% | 4.71% | 4.64% | 5.06% |
| PVC Equity Income- Class 1 | Large US Equity | Principal Global Investors, LLC | 0.49% | 15.50% | 8.43% | 9.48% |
| PVC Global Emerging Markets- Class 1<sup>(1)</sup> | International Equity | Principal Global Investors, LLC | 1.16% | 6.51% | 2.14% | 3.21% |
| PVC Government & High Quality Bond- Class 1 | Fixed Income | Principal Global Investors, LLC | 0.53% | 0.62% | -1.18% | 0.57% |
| PVC LargeCap Growth I- Class 1<sup>(1)</sup> | Large US Equity | Principal Global Investors / T. Rowe Price Associates, Inc. and Brown Advisory, LLC | 0.69% | 25.14% | 13.93% | 14.63% |
| PVC LargeCap S&P 500 Index - Class 1 | Large US Equity | Principal Global Investors, LLC | 0.21% | 24.74% | 14.23% | 12.80% |
| PVC MidCap- Class 1 | Small/Mid US Equity | Principal Global Investors, LLC | 0.55% | 20.27% | 11.65% | 12.57% |
| PVC Principal Capital Appreciation- Class 1 | Large US Equity | Principal Global Investors, LLC | 0.65% | 25.85% | 14.84% | 13.15% |
| PVC Principal LifeTime 2020- Class 1 | Asset Allocation | Principal Global Investors, LLC | 0.55% | 7.43% | 4.94% | 5.51% |
| PVC Principal LifeTime 2030- Class 1 | Asset Allocation | Principal Global Investors, LLC | 0.58% | 9.05% | 6.22% | 6.63% |
| PVC Principal LifeTime 2040- Class 1 | Asset Allocation | Principal Global Investors, LLC | 0.64% | 11.55% | 7.66% | 7.69% |
| PVC Principal LifeTime 2050- Class 1 | Asset Allocation | Principal Global Investors, LLC | 0.69% | 13.29% | 8.62% | 8.38% |
| PVC Principal LifeTime 2060- Class 1<sup>(1)</sup> | Asset Allocation | Principal Global Investors, LLC | 0.75% | 13.28% | 8.76% | 8.49% |
| PVC Principal LifeTime Strategic Income- Class 1 | Asset Allocation | Principal Global Investors, LLC | 0.54% | 6.71% | 3.45% | 3.85% |
| PVC Real Estate Securities- Class 1 | Small/Mid US Equity | Principal Global Investors, LLC | 0.80% | 5.59% | 3.90% | 6.25% |
| PVC SAM Balanced- Class 1 | Asset Allocation | Principal Global Investors, LLC | 0.73% | 12.62% | 6.75% | 6.79% |
| PVC SAM Conservative Balanced- Class 1 | Asset Allocation | Principal Global Investors, LLC | 0.70% | 8.97% | 4.65% | 5.14% |
| PVC SAM Conservative Growth- Class 1 | Asset Allocation | Principal Global Investors, LLC | 0.77% | 15.23% | 8.50% | 8.25% |
| PVC SAM Flexible Income- Class 1 | Asset Allocation | Principal Global Investors, LLC | 0.65% | 6.69% | 3.06% | 3.98% |
| PVC SAM Strategic Growth- Class 1 | Asset Allocation | Principal Global Investors, LLC | 0.80% | 17.02% | 9.88% | 9.07% |
| PVC Short-Term Income- Class 1 | Short-Term Fixed Income | Principal Global Investors, LLC | 0.43% | 5.09% | 1.92% | 2.05% |
| PVC SmallCap- Class 1 | Small/Mid US Equity | Principal Global Investors, LLC | 0.85% | 6.99% | 7.57% | 8.03% |

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| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| Putnam VT International Value - Class IB | International Equity | Putnam Investment Management, LLC / Putnam Investments Limited and The Putnam Advisory Company, LLC | 1.13% | 5.21% | 6.81% | 5.46% |  |
| Putnam VT Small Cap Value - Class IB | Small/Mid US Equity | Putnam Investment Management, LLC | 1.03% | 33.41% | 17.91% | 16.21% |  |
| Putnam VT Large Cap Growth - Class IB | Large US Equity | Putnam Investment Management, LLC | 0.90% | 23.33% | 12.97% | 9.64% |  |
| Putnam VT Small Cap Growth - Class IB | Small/Mid US Equity | Putnam Investment Management, LLC | 1.14% | 6.20% | 10.71% | 8.10% |  |
| Rydex VI Basic Materials Fund | Other-Natural Resources | Security Investors, LLC, which operates under the name of Guggenheim Investments | 1.79% | -2.47% | 7.17% | 6.42% |  |
| Rydex VI Utilities Fund | Other-Utilities | Security Investors, LLC, which operates under the name of Guggenheim Investments | 1.79% | 19.86% | 4.09% | 6.09% |  |
| T. Rowe Price Health Sciences - Class II<sup>(1)</sup> | Other-Health | T. Rowe Price Associates Inc. | 1.11% | 1.42% | 5.81% | 8.20% |  |
| TOPS Managed Risk Balanced ETF- Class 2 | Asset Allocation | Milliman Financial Risk Management, LLC / ValMark Advisers, Inc. | 0.77% | 6.09% | 3.23% | 3.54% |  |
| TOPS Managed Risk Growth ETF- Class 2 | Asset Allocation | Milliman Financial Risk Management, LLC / ValMark Advisers, Inc. | 0.75% | 7.71% | 4.11% | 3.96% |  |
| TOPS Managed Risk Moderate Growth ETF- Class 2 | Asset Allocation | Milliman Financial Risk Management, LLC / ValMark Advisers, Inc. | 0.75% | 7.58% | 3.88% | 3.99% |  |
| VanEck VIP Global Resources- Initial Class | Other-Natural Resources | Van Eck Associates Corp | 1.12% | -2.83% | 7.54% | 0.82% |  |
| Vanguard VIF Balanced | Balanced/Asset Allocation | Wellington Management Company, LLP | 0.21% | 14.80% | 8.18% | 8.37% |  |
| Vanguard VIF Conservative Allocation<br>(available starting June 5, 2023) | Balanced/Asset Allocation | The Vanguard Group, Inc. | 0.12% | 7.49% | 4.04% | 4.90% |  |
| Vanguard VIF Equity Income<br>(available starting June 5, 2023) | Large US Equity | Wellington Management Company, LLP & The Vanguard Group, Inc. | 0.29% | 15.12% | 9.85% | 9.89% |  |
| Vanguard VIF Global Bond Index | Fixed Income | The Vanguard Group, Inc. | 0.13% | 2.03% | -0.23% |  | 1.04% |
| Vanguard VIF International Portfolio | International Equity | Baillie Giford Overseas Ltd. & Schroder Investment Management North America Inc. | 0.33% | 9.01% | 6.27% | 8.40% |  |
| Vanguard VIF Mid-Cap Index | Small/Mid US Equity | The Vanguard Group, Inc. | 0.17% | 15.08% | 9.70% | 9.41% |  |
| Vanguard VIF Real Estate Index | Asset Allocation | The Vanguard Group, Inc. | 0.26% | 4.74% | 2.84% | 4.99% |  |

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<sup>(1)</sup> The current expense ratio for this Underlying Fund reflects expense reimbursements and/or fee waiver arrangements reported in the Underlying Fund's registration statement. Such arrangements may be terminated, and therefore, reflect temporary fee reductions.

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This Initial Summary Prospectus incorporates by reference the Statutory Prospectus and Statement of Additional Information (SAI) for the Policy, both dated May 1, 2025, as amended or supplemented, which are available free of charge online at www.principal.com/ExecutiveVUL3Report, by calling 1-800-247-9988, or by sending an email request to Lifeinsurance@principal.com.

Principal<sup>®</sup> Executive Variable Universal Life III

EDGAR Contract Identifier: C000215152

## Cover

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| | |
|:---|:---|
| Principal Life Insurance Company<br>711 High Street, Des Moines, IA 50392<br>515 247 5111 tel | ![principallogoregcolora21.jpg](principallogoregcolora21.jpg) |

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October 29, 2025

Via EDGAR

Securities and Exchange Commission

Attn: Division of Investment Management

100 F Street, NE

Washington D.C. 20549

Re:&nbsp;&nbsp;&nbsp;&nbsp;Principal National Life Insurance Company Variable Life Separate Account ("Registrant")

&nbsp;&nbsp;&nbsp;&nbsp;Principal Executive Variable Universal Life III ("Policy")

&nbsp;&nbsp;&nbsp;&nbsp;Post-Effective Amendment No. 9 to Registration Statement on Form N-6

&nbsp;&nbsp;&nbsp;&nbsp;File Nos. 333-233170, 811-22589

Commissioners:

On behalf of Principal National Life Insurance Company, transmitted for filing with the U.S. Securities and Exchange Commission (the "Commission") is post-effective amendment no. 9 (the "Amendment") to the above-referenced registration statement on Form N-6 (the "Registration Statement"). The Amendment is being filed pursuant to Rule 485(a) under the Securities Act of 1933, as amended. The purpose of the Amendment is to supplement the prospectus for the Policy, dated May 1, 2025. A description of the amended information is provided below. Each of these modifications will apply **<u>solely</u>** with respect to new Policies with Policy Dates on or after March 2, 2026. **<u>No changes are being made with respect to existing Policies</u>**.

The Registrant respectfully requests selective review of the Amendment in accordance with Securities Act Release No. 6510 (Feb. 15, 1984). In connection with this request for selective review, and as described further in the Amendment, the Amendment primarily reflects the following changes to the Policy:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Changes to Premium Expense Charges (sales charges)

oDecreasing the current sales charge from 7.50% to 3.25% of premium paid up to target premium and increasing the maximum sales charge from 7.75% to 6.75% of premium paid up to target premium

oIncreasing the maximum sales charge on premium paid in excess of target premium from 3.75% to 6.75%

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Changes to cost of insurance charges

oFor the base Policy, increasing the minimum cost of insurance charge from $0.00167 to $0.00585 per $1,000 of net amount at risk

oFor the optional Supplemental Benefit Rider, increasing the minimum cost of supplemental insurance from $0.00062 to $0.00374 per $1,000 of net amount at risk

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Changes to asset based charges

oIncreasing the maximum asset based charge for the base Policy from 0.35% of Division value per year to 0.90% of Division value per year

oDecreasing the current asset based charge for the base Policy from 0.35% of Division value per year to 0.30% of Division value per year

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oAdding of an asset based charge under the optional Supplemental Benefit Rider, in addition to the cost of supplemental insurance charge

oAdding an asset based charge multiplier under the optional Enhanced Cash Surrender Value Rider based on the applicable Enhancement Factor option, which increases asset based charges under the base Policy and, if elected, the Supplemental Benefit Rider

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Changes to the additional amount payable under the optional Enhanced Cash Surrender Value Rider.

Parts A and B contained in post-effective amendment no. 8 to the Registration Statement, filed on April 30, 2025, as well as a prospectus supplement filed on July 11, 2025, are incorporated by reference into the Amendment. The Amendment does not amend Part A except as otherwise set forth in the prospectus supplement. A new Part C is included as part of the Amendment, which includes a new form of Initial Summary Prospectus ("ISP") exhibit. The Registrant also notes that the Amendment is substantially similar to a prior post-effective amendment to the same Registration Statement that was previously subject to review by the Commission staff (post-effective amendment no. 4, filed September 29, 2021).

Please contact the undersigned at 317-874.3803 or stecklein.kate@principal.com with any questions or comments on the Amendment or the Registrant's request for selective review.

Sincerely,

/s/ Kate F. Stecklein

Counsel for Registrant

<br>