Principal Life Insurance Co. Variable Life Sep Account

07/11/2025 | Press release | Distributed by Public on 07/11/2025 11:16

Updating Summary Prospectus (Form 497VPU)

Supplement dated July 11, 2025

to the Updating Summary Prospectuses and Prospectuses dated May 1, 2025 for:

Principal® Variable Universal Life Accumulator

Principal® Variable Universal Life Accumulator II

Principal® Flexible Variable Life

Prinflex Life®

Principal® Survivorship Flexible Premium Variable Universal Life

Principal® Variable Universal Life Income

Issued by Principal Life Insurance Company through its Principal Life Insurance Company Variable Life Separate Account

This supplement updates information contained in the Updating Summary Prospectuses and Prospectuses referenced above. Please retain this supplement for future reference.

APPENDIX: UNDERLYING FUNDS AVAILABLE UNDER THE POLICY

The following changes are made to the list of Underlying Funds available under the Policy contained in the above-referenced appendix.

Effective immediately, the existing row for Wanger International is replaced with the new row below to reflect fund name and advisor changes:

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 Since
Inception
Columbia Variable Portfolio - Acorn International(1) International Equity Columbia Management Investment Advisers, LLC 1.08% -8.25% -0.72% 3.07%

Classification: Company Confidential

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