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:
Principal Variable Universal Life Income IV
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 AllianceBernstein Small Cap Growth - Class A, and CVT S&P 500 Index 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 | ||||||||||||||||||
| AllianceBernstein Small Cap Growth - Class A (not available to new investors after 2/1/2013)* | Small/Mid US Equity | AllianceBernstein | 0.90% | 18.02% | 10.57% | 8.53% | ||||||||||||||
| CVT S&P 500 Index (not available to new investors after 4/25/2014)* | Large US Equity | Calvert Research and Management/Ameritas Investment Partners, Inc. | 0.28% | 25.92% | 15.39% | 11.68% | ||||||||||||||
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