Form 497VPU PRINCIPAL LIFE INSURANCE
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E-mailPrincipal Life Insurance Company Variable Life Separate Account
Supplement dated July 5, 2024
to the Prospectus and Updating Summary Prospectus dated May 1, 2024 for:
PrinFlex Life
This supplement updates information contained in the Prospectus and Updating Summary Prospectus referenced above. Please retain this supplement for future reference.
APPENDIX - UNDERLYING FUNDS AVAILABLE UNDER THE POLICY
Delete the rows for BNY Mellon IP MidCap Stock - Service Class, CVT S&P 500 Index, and ClearBridge Mid Cap - Class I in the table and replace with the following:
| Fund Company and Fund Name and Class | Fund Type | Advisor/ Sub-Advisor | Current Expense Ratio | Average Annual Total Returns | ||||||||||||||||
| 1 yr | 5 yr | 10 yr | ||||||||||||||||||
| BNY Mellon IP MidCap Stock - Service Class | Small/Mid US Equity | BNY Mellon Investment Adviser, Inc./Mellon Investments Corp | 1.05% | 17.99% | 10.42% | 7.17% | ||||||||||||||
| CVT S&P 500 Index* | Small/Mid US Equity | Calvert Research and Management/Ameritas Investment Partners, Inc. | 0.28% | 25.92% | 15.39% | 11.68% | ||||||||||||||
| ClearBridge Mid Cap - Class I | Small/Mid US Equity | ClearBridge Investments, LLC/Legg Mason Partners Fund Advisor, LLC | 0.83% | 12.92% | 10.73% | 7.10% | ||||||||||||||
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