# EDGAR Filing Document

**Accession Number:** 0001526622
**File Stem:** 0001526622-25-000064
**Filing Date:** 2025-12
**Character Count:** 16534
**Document Hash:** be437c473cfecace9bbe8611ebc938f1
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001526622-25-000064.hdr.sgml**: 20251223

**ACCESSION NUMBER**: 0001526622-25-000064

**CONFORMED SUBMISSION TYPE**: 497J

**PUBLIC DOCUMENT COUNT**: 1

**FILED AS OF DATE**: 20251223

**DATE AS OF CHANGE**: 20251223

**EFFECTIVENESS DATE**: 20251223

**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:** 497J
- **SEC ACT:** 1933 Act
- **SEC FILE NUMBER:** 333-233170
- **FILM NUMBER:** 251598226

**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 |  |

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

**SUPPLEMENT DATED DECEMBER 28, 2025** 

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

**PRINCIPAL EXECUTIVE VARIABLE UNIVERSAL LIFE III**

*This supplement updates information in the Initial Summary 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 Initial Summary Prospectus.*

**This supplement provides new information about fees and charges applicable to Policies issued on or after March 2, 2026**. **Each of the revisions to the Initial Summary Prospectus, as set forth below, are effective as of March 2, 2026.**

**OTHER BENEFITS AVAILABLE UNDER THE POLICY**

&nbsp;&nbsp;&nbsp;&nbsp;• *In the benefit table, the rows for the Enhanced Cash Surrender Value Rider and Supplemental Benefit Rider will be replaced with the corresponding rows below:*

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Optional Benefit/Rider** | **<u>Purpose</u>** | **Standard/ Optional** | **<u>Charge</u>** | **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 | <u>Optional</u> | <u>Yes</u> | 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 generally result in higher asset based charges. |
| Supplemental Benefit Rider | Provides additional insurance (Total Face Amount) at a reduced cost | <u>Optional</u> | <u>Yes</u> | Our approval, under our then current underwriting guidelines, is required to add this rider. The supplemental cost of insurance rate applies. Additional asset based charges also apply. |

---

**ADDITIONAL INFORMATION ABOUT FEES**

&nbsp;&nbsp;&nbsp;&nbsp;• *The table titled "Transaction Fees for Policy Dates on or after October 1, 2021" will be replaced with the following:*

---

| | | |
|:---|:---|:---|
| **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** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**When Charge is Deducted** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Amount Deducted** |
| Sales Charge<sup>(1)</sup> | &nbsp;&nbsp;&nbsp;upon receipt of premium |  |
| &nbsp;&nbsp;&nbsp;<u>Maximum</u> | &nbsp;&nbsp;&nbsp;upon receipt of premium | 6.75% of premium paid<sup>(2)</sup> |
| &nbsp;&nbsp;&nbsp;<u>Current</u> | &nbsp;&nbsp;&nbsp;upon receipt of premium | 3.25% of premium paid<sup>(2)</sup> |
| Taxes (federal, state and local) | &nbsp;&nbsp;&nbsp;<u>upon</u> <u>receipt</u> <u>of</u> <u>premium</u> |  |
| &nbsp;&nbsp;&nbsp;<u>Maximum</u> | &nbsp;&nbsp;&nbsp;<u>upon</u> <u>receipt</u> <u>of</u> <u>premium</u> | 3.25% of premium paid |
| &nbsp;&nbsp;&nbsp;<u>Current</u> | &nbsp;&nbsp;&nbsp;<u>upon</u> <u>receipt</u> <u>of</u> <u>premium</u> | 3.25% of premium paid |

---

Classification: Internal Use

------

---

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

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<sup>(1)</sup>&nbsp;&nbsp;&nbsp;&nbsp;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.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2)&nbsp;&nbsp;&nbsp;&nbsp;Premium paid up to Target Premium. The maximum sales charge on premium paid in excess of Target Premium is 6.75%.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<sup>(3)</sup>&nbsp;&nbsp;&nbsp;&nbsp;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.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<sup>(4)</sup>&nbsp;&nbsp;&nbsp;&nbsp;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.

&nbsp;&nbsp;&nbsp;&nbsp;• *The table titled "Periodic Charges Other Than Annual Underlying Mutual Fund Expenses For Policy Dates on or after October 1, 2021" will be replaced with the following:*

---

| | | |
|:---|:---|:---|
| <br>**Charge** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**When Charge is Deducted** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br>**Amount Deducted** |
| Cost of Insurance<sup>(1)</sup> | monthly |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>Maximum</u> | monthly | $83.33333 per $1,000 of Net Amount at Risk |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>Minimum</u> | monthly | $0.00585 per $1,000 of Net Amount at Risk |
| Maximum Charge for Representative Insured<sup>(2)</sup> | monthly | $0.01455 per $1,000 of Net Amount at Risk |

---

Classification: Internal Use

------

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;Asset Based Charge for Base Face Amount(5)<br>*Policy without Enhanced Cash Surrender Value Rider* | <br>monthly |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Maximum | <br>monthly | 0.90% of Division value per year |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Current Charge | <br>monthly | 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)* | <br>monthly |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Maximum | <br>monthly | 0.90% of Division value per year |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Current Charge | <br>monthly | 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)* | <br>monthly |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Maximum | <br>monthly | 0.90% of Division value per year |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Current | <br>monthly | 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)* | <br>monthly |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Maximum | <br>monthly | 0.90% of Division value per year |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Current | <br>monthly | 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)* | <br>monthly |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Maximum | <br>monthly | 0.90% of Division value per year |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Current | <br>monthly | 0.54% of Division value per year |
| Monthly Policy Issue Charge<sup>(1)</sup> | monthly |  |
| &nbsp;&nbsp;&nbsp;*Policy without Supplemental Benefit Rider* | monthly |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>Maximum</u> | monthly | $1.08418 per $1,000 of Total Face Amount |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>Minimum</u> | monthly | $0.05467 per $1,000 of Total Face Amount |
| Maximum Charge for Representative Insured<sup>(2)</sup> | monthly | $0.06000 per $1,000 of Total Face Amount |
| &nbsp;&nbsp;&nbsp;*Policy with Supplemental Benefit Rider* | monthly |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>Maximum</u> | monthly | $1.08418 per $1,000 of Total Face Amount |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>Minimum</u> | monthly | $0.00547 per $1,000 of Total Face Amount |
| Maximum Charge for Representative Insured<sup>(2)</sup> | monthly | $0.04800 per $1,000 of Total Face Amount |
| Net Policy Loan Charge(3) | &nbsp;&nbsp;annually (accrued daily) | <br>1.0% of Loan Indebtedness per year<sup>(4)</sup> |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>Maximum</u> | &nbsp;&nbsp;annually (accrued daily) | <br>1.0% of Loan Indebtedness per year<sup>(4)</sup> |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>Current</u> |  | 1.0% of Loan Indebtedness per year(4) |

---

Classification: Internal Use

------

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| | | |
|:---|:---|:---|
| **Optional Insurance Benefits** | **Optional Insurance Benefits** | **Optional Insurance Benefits** |
| Supplemental Benefit Rider | monthly |  |
| *<u>Additional</u> <u>Asset</u> <u>Based</u> <u>Charge</u>*<sup>(5)</sup> | monthly |  |
| &nbsp;&nbsp;&nbsp;*Policy without Enhanced Cash Surrender Value Rider* | monthly |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>Maximum</u> | monthly | 0.90% of Division value per year |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>Current</u> | monthly | 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)* | monthly |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>Maximum</u> | monthly | 0.90% of Division value per year |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>Current</u> | monthly | 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)* | monthly |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>Maximum</u> | monthly | 0.90% of Division value per year |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>Current</u> | monthly | 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)* | monthly |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>Maximum</u> | monthly | 0.90% of Division value per year |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>Current</u> | monthly | 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)* | monthly |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>Maximum</u> | monthly | 0.90% of Division value per year |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>Current</u> | monthly | 0.27% of Division value per year |
| *<u>Cost</u> <u>of</u> <u>Supplemental</u> <u>Insurance</u> <u>Charge</u>*<sup>(1)</sup> | monthly |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>Maximum</u> | monthly | $83.33333 per $1,000 of Net Amount at Risk |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>Minimum</u> | monthly | $0.00374 per $1,000 of Net Amount at Risk |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Maximum Charge for Representative Insured<sup>(2)</sup> | monthly | $0.00873 per $1,000 of Net Amount at Risk |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<sup>(1)</sup>&nbsp;&nbsp;&nbsp;&nbsp;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.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2)&nbsp;&nbsp;&nbsp;&nbsp;Current charges reflect the charges in effect as of the date of this supplement for a Representative Insured, which is a 45 year-old male with a risk classification of preferred non-tobacco for Policy Year one.

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

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

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<sup>(5)</sup>&nbsp;&nbsp;&nbsp;&nbsp;If you elect the Enhanced Cash Surrender Value Rider, the current asset based charge(s) under your Policy will be increased by a designated multiplier, which varies based on the applicable Enhancement Factor option, subject to a maximum charge of 0.90% of Division value per year. 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 generally result in higher asset based charges compared to a lower Enhancement Factor. In no case will a multiplier result in a current asset-based charge greater than the maximum charge. There is no multiplier to the asset based charge(s) if the Enhanced Cash Surrender Value Rider has not been elected.

Classification: Internal Use