ck0000812797-20221231N-6PRINCIPAL LIFE INSURANCE CO VARIABLE LIFE SEP ACCOUNT0000812797N-612/31/2022false00008127972023-08-232023-08-230000812797ck0000812797:C000018257Member2023-08-232023-08-23xbrli:pure
Principal Life Insurance Company Variable Life Separate Account
Supplement dated August 23, 2023
to the Prospectuses and Updating Summary Prospectuses dated May 1, 2023 for:
Principal Benefit Variable Universal Life II
Principal Executive Variable Universal Life II
Principal Executive Variable Universal Life III
Principal Variable Universal Life Income II
Principal Variable Universal Life Income IV
and to the Initial Summary Prospectuses dated May 1, 2023 for:
Principal Executive Variable Universal Life III
Principal Variable Universal Life Income IV
This supplement updates information contained in the Prospectuses and Updating Summary Prospectuses referenced above. Please retain this supplement for future reference.
APPENDIX - UNDERLYING FUNDS AVAILABLE UNDER THE POLICY
Delete the row for American Century VP Value - Class II 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 |
American Century VP Value - Class II* | Large US Equity | American Century Investment Management, Inc. | 0.86% | 0.31% | 7.68% | 10.41% |