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Principal 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%