Zurich American Life Insurance D/A Indefinite amount in other securities, sold $549.18 mm, 157 investors

The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM D

Notice of Exempt Offering of Securities

OMB APPROVAL

OMB Number:	3235-0076
Estimated average burden
hours per response:	4.00

1. Issuer's Identity

CIK (Filer ID Number)

Previous Names

X None

Entity Type

0001537090

	Corporation
	Limited Partnership
	Limited Liability Company
	General Partnership
	Business Trust
X	Other (Specify)

Insurance Company Separate Account

Name of Issuer

HNW PPVUL Series Account - 1

Jurisdiction of Incorporation/Organization

ILLINOIS

Year of Incorporation/Organization

X	Over Five Years Ago
	Within Last Five Years (Specify Year)
	Yet to Be Formed

2. Principal Place of Business and Contact Information

Name of Issuer
HNW PPVUL Series Account - 1
Street Address 1		Street Address 2
1400 AMERICAN LANE
City	State/Province/Country	ZIP/PostalCode	Phone Number of Issuer
SCHAUMBURG	ILLINOIS	60196	425-577-5100

1. Issuer's Identity

CIK (Filer ID Number)

Previous Names

None

Entity Type

0000351754

KEMPER INVESTORS LIFE INSURANCE CO

X	Corporation
	Limited Partnership
	Limited Liability Company
	General Partnership
	Business Trust
	Other (Specify)

Name of Issuer

Zurich American Life Insurance Co

Jurisdiction of Incorporation/Organization

ILLINOIS

Year of Incorporation/Organization

X	Over Five Years Ago
	Within Last Five Years (Specify Year)
	Yet to Be Formed

2. Principal Place of Business and Contact Information

Name of Issuer
Zurich American Life Insurance Co
Street Address 1		Street Address 2
1400 AMERICAN LANE
City	State/Province/Country	ZIP/PostalCode	Phone Number of Issuer
SCHAUMBURG	ILLINOIS	60196	425-577-5100

3. Related Persons

Last Name	First Name	Middle Name
Zurich American Life Insurance Company	n/a
Street Address 1	Street Address 2
1299 Zurich Way
City	State/Province/Country	ZIP/PostalCode
Schaumburg	ILLINOIS	60196

Relationship: Executive Officer Director X Promoter

Clarification of Response (if Necessary):

Zurich American Life Insurance Company is responsible for organizing the business of HNW PPVUL Series Account - 1

Last Name	First Name	Middle Name
Fike	David
Street Address 1	Street Address 2
1299 Zurich Way
City	State/Province/Country	ZIP/PostalCode
Schaumburg	ILLINOIS	60196

Relationship: X Executive Officer X Director Promoter

Clarification of Response (if Necessary):

Director, President, Chairman and Chief Executive Officer of Zurich American Life Insurance Company

Last Name	First Name	Middle Name
Lazarczyk	Laura
Street Address 1	Street Address 2
1299 Zurich Way
City	State/Province/Country	ZIP/PostalCode
Schaumburg	ILLINOIS	60196

Relationship: X Executive Officer X Director Promoter

Clarification of Response (if Necessary):

Director, Vice President, General Counsel and Corporate Secretary of Zurich American Life Insurance Company

Last Name	First Name	Middle Name
Harvish	Susan
Street Address 1	Street Address 2
1299 Zurich Way
City	State/Province/Country	ZIP/PostalCode
Schaumburg	ILLINOIS	60196

Relationship: X Executive Officer Director Promoter

Clarification of Response (if Necessary):

Vice President of Zurich American Life Insurance Company

Last Name	First Name	Middle Name
Rehman	Farah
Street Address 1	Street Address 2
2000 West Sam Houston Parkway South
City	State/Province/Country	ZIP/PostalCode
Houston	TEXAS	77042

Relationship: X Executive Officer Director Promoter

Clarification of Response (if Necessary):

Vice President and Responsible Officer, Illustrations of Zurich American Life Insurance Company

Last Name	First Name	Middle Name
Dampman	Dave
Street Address 1	Street Address 2
7045 College Boulevard
City	State/Province/Country	ZIP/PostalCode
Overland Park	KANSAS	66211

Relationship: X Executive Officer Director Promoter

Clarification of Response (if Necessary):

Vice President, Operations of Zurich American Life Insurance Company

Last Name	First Name	Middle Name
Dunajewski	Stefan
Street Address 1	Street Address 2
4 World Trade Center
City	State/Province/Country	ZIP/PostalCode
New York	NEW YORK	10007

Relationship: X Executive Officer Director Promoter

Clarification of Response (if Necessary):

Vice President and Chief Actuary of Zurich American Life Insurance Company

Last Name	First Name	Middle Name
Howard	Christopher
Street Address 1	Street Address 2
1299 Zurich Way
City	State/Province/Country	ZIP/PostalCode
Schaumburg	ILLINOIS	60196

Relationship: X Executive Officer Director Promoter

Clarification of Response (if Necessary):

Vice President of Zurich American Life Insurance Company

Last Name	First Name	Middle Name
Ruprai	Prithpal
Street Address 1	Street Address 2
15303 Dallas Parkway
City	State/Province/Country	ZIP/PostalCode
Addison	TEXAS	75001

Relationship: X Executive Officer Director Promoter

Clarification of Response (if Necessary):

Vice President, Chief Financial Officer and Treasurer

4. Industry Group

Agriculture

Banking & Financial Services

	Commercial Banking
X	Insurance
	Investing
	Investment Banking
	Pooled Investment Fund
	Is the issuer registered as an investment company under the Investment Company Act of 1940?
	Yes No
	Other Banking & Financial Services

Business Services

Energy

Coal Mining

Electric Utilities

Energy Conservation

Environmental Services

Oil & Gas

Other Energy

Health Care

Biotechnology

Health Insurance

Hospitals & Physicians

Pharmaceuticals

Other Health Care

Manufacturing

Real Estate

Commercial

Construction

REITS & Finance

Residential

Other Real Estate

Retailing

Restaurants

Technology

Computers

Telecommunications

Other Technology

Travel

Airlines & Airports

Lodging & Conventions

Tourism & Travel Services

Other Travel

Other

5. Issuer Size

Revenue Range		OR	Aggregate Net Asset Value Range
	No Revenues			No Aggregate Net Asset Value
	$1 - $1,000,000			$1 - $5,000,000
	$1,000,001 - $5,000,000			$5,000,001 - $25,000,000
	$5,000,001 - $25,000,000			$25,000,001 - $50,000,000
	$25,000,001 - $100,000,000			$50,000,001 - $100,000,000
	Over $100,000,000			Over $100,000,000
X	Decline to Disclose			Decline to Disclose
	Not Applicable			Not Applicable

6. Federal Exemption(s) and Exclusion(s) Claimed (select all that apply)

	Rule 504(b)(1) (not (i), (ii) or (iii))
	Rule 504 (b)(1)(i)
	Rule 504 (b)(1)(ii)
	Rule 504 (b)(1)(iii)
	Rule 506(b)
X	Rule 506(c)
	Securities Act Section 4(a)(5)

X Investment Company Act Section 3(c)

Section 3(c)(1) Section 3(c)(9)  

Section 3(c)(2) Section 3(c)(10)

Section 3(c)(3) Section 3(c)(11)

Section 3(c)(4) Section 3(c)(12)

Section 3(c)(5) Section 3(c)(13)

Section 3(c)(6) Section 3(c)(14)

X Section 3(c)(7)

7. Type of Filing

	New Notice	Date of First Sale	2012-02-08	First Sale Yet to Occur
X	Amendment

8. Duration of Offering

Does the Issuer intend this offering to last more than one year? X Yes No

9. Type(s) of Securities Offered (select all that apply)

Equity		Pooled Investment Fund Interests
Debt		Tenant-in-Common Securities
Option, Warrant or Other Right to Acquire Another Security		Mineral Property Securities
Security to be Acquired Upon Exercise of Option, Warrant or Other Right to Acquire Security	X	Other (describe)
	Interests in ZALICO's HNW PPVUL Series Account-1 issued pursuant to variable life insurance policies.

10. Business Combination Transaction

Is this offering being made in connection with a business combination transaction, such as a merger, acquisition or exchange offer? Yes X No

Clarification of Response (if Necessary):

11. Minimum Investment

Minimum investment accepted from any outside investor $100,000 USD

12. Sales Compensation

Recipient	Recipient CRD Number None
M Holdings Securities, Inc.	43285
(Associated) Broker or Dealer None	(Associated) Broker or Dealer CRD Number None
M Holdings Securities, Inc.	43285
Street Address 1	Street Address 2
1125 NW Couch Street #900
City	State/Province/Country	ZIP/Postal Code
Portland	OREGON	97209
State(s) of Solicitation (select all that apply) Check “All States” or check individual States X All States	Foreign/non-US

Recipient	Recipient CRD Number None
Winged Keel Group, Inc.	43285
(Associated) Broker or Dealer None	(Associated) Broker or Dealer CRD Number None
M Holdings Securities, Inc.	43285
Street Address 1	Street Address 2
1700 Broadway	34th Floor
City	State/Province/Country	ZIP/Postal Code
New York	NEW YORK	10019
State(s) of Solicitation (select all that apply) Check “All States” or check individual States X All States	Foreign/non-US

Recipient	Recipient CRD Number None
Michael B. Liebeskind	1219051
(Associated) Broker or Dealer None	(Associated) Broker or Dealer CRD Number None
M Holdings Securities, Inc.	43285
Street Address 1	Street Address 2
1700 Broadway	34th Floor
City	State/Province/Country	ZIP/Postal Code
New York	NEW YORK	10019
State(s) of Solicitation (select all that apply) Check “All States” or check individual States X All States	Foreign/non-US

Recipient	Recipient CRD Number None
Eric Naison-Phillips	5155539
(Associated) Broker or Dealer None	(Associated) Broker or Dealer CRD Number None
M Holdings Securities, Inc.	43285
Street Address 1	Street Address 2
1700 Broadway	34th Floor
City	State/Province/Country	ZIP/Postal Code
New York	NEW YORK	10019
State(s) of Solicitation (select all that apply) Check “All States” or check individual States X All States	Foreign/non-US

Recipient	Recipient CRD Number None
American Trust Investment Services Inc	3001
(Associated) Broker or Dealer None	(Associated) Broker or Dealer CRD Number None
American Trust Investment Services Inc	3001
Street Address 1	Street Address 2
1244 119th Street
City	State/Province/Country	ZIP/Postal Code
Whiting	INDIANA	46394
State(s) of Solicitation (select all that apply) Check “All States” or check individual States All States	Foreign/non-US
SOUTH DAKOTA

Recipient	Recipient CRD Number None
Benefit Finance Securities, LLC	45113
(Associated) Broker or Dealer None	(Associated) Broker or Dealer CRD Number None
Benefit Finance Securities, LLC	45113
Street Address 1	Street Address 2
Six Cityplace Drive, Suite 400
City	State/Province/Country	ZIP/Postal Code
St Louis	MISSOURI	63141-7164
State(s) of Solicitation (select all that apply) Check “All States” or check individual States All States	Foreign/non-US
NEW JERSEY

Recipient	Recipient CRD Number None
First Liberties Financial	14432
(Associated) Broker or Dealer None	(Associated) Broker or Dealer CRD Number None
First Liberties Financial	14432
Street Address 1	Street Address 2
15150 Preston Road Suite 300
City	State/Province/Country	ZIP/Postal Code
Dallas	TEXAS	75248
State(s) of Solicitation (select all that apply) Check “All States” or check individual States All States	Foreign/non-US
ILLINOIS SOUTH DAKOTA TEXAS

Recipient	Recipient CRD Number None
Kestra Investment Services, LLC	42046
(Associated) Broker or Dealer None	(Associated) Broker or Dealer CRD Number None
Kestra Investment Services, LLC	42046
Street Address 1	Street Address 2
5707 Southwest Parkway	Building 2, Suite 400
City	State/Province/Country	ZIP/Postal Code
Austin	TEXAS	78735
State(s) of Solicitation (select all that apply) Check “All States” or check individual States All States	Foreign/non-US
ARKANSAS MASSACHUSETTS

Recipient	Recipient CRD Number None
Leaders Group, Inc	37157
(Associated) Broker or Dealer None	(Associated) Broker or Dealer CRD Number None
Leaders Group, Inc	37157
Street Address 1	Street Address 2
26 W Dry Circle	Suite 800
City	State/Province/Country	ZIP/Postal Code
Littleton	COLORADO	80120-4475
State(s) of Solicitation (select all that apply) Check “All States” or check individual States All States	Foreign/non-US
DELAWARE ILLINOIS SOUTH DAKOTA

Recipient	Recipient CRD Number None
Lion Street Financial, LLC	165828
(Associated) Broker or Dealer None	(Associated) Broker or Dealer CRD Number None
Lion Street Financial, LLC	165828
Street Address 1	Street Address 2
515 Congress Ave	Suite 2500
City	State/Province/Country	ZIP/Postal Code
Austin	TEXAS	78701
State(s) of Solicitation (select all that apply) Check “All States” or check individual States All States	Foreign/non-US
ARKANSAS SOUTH DAKOTA

Recipient	Recipient CRD Number None
Oberlin Financial International	294205
(Associated) Broker or Dealer None	(Associated) Broker or Dealer CRD Number None
Oberlin Financial International	294205
Street Address 1	Street Address 2
208 North Lynn Street	PO Box 711
City	State/Province/Country	ZIP/Postal Code
Bryan	OHIO	43506
State(s) of Solicitation (select all that apply) Check “All States” or check individual States All States	Foreign/non-US
SOUTH DAKOTA

Recipient	Recipient CRD Number None
Stern Capital	131226
(Associated) Broker or Dealer None	(Associated) Broker or Dealer CRD Number None
Stern Capital	131226
Street Address 1	Street Address 2
420 Lexington Avenue
City	State/Province/Country	ZIP/Postal Code
New York	NEW YORK	10170
State(s) of Solicitation (select all that apply) Check “All States” or check individual States All States	Foreign/non-US
ARKANSAS SOUTH DAKOTA

Recipient	Recipient CRD Number None
Morgan Stanley	149777
(Associated) Broker or Dealer None	(Associated) Broker or Dealer CRD Number None
Morgan Stanley	149777
Street Address 1	Street Address 2
2000 Westchester Avenue
City	State/Province/Country	ZIP/Postal Code
Purchase	NEW YORK	10577
State(s) of Solicitation (select all that apply) Check “All States” or check individual States All States	Foreign/non-US
SOUTH DAKOTA TEXAS

Recipient	Recipient CRD Number None
UBS	7654
(Associated) Broker or Dealer None	(Associated) Broker or Dealer CRD Number None
UBS	7654
Street Address 1	Street Address 2
1285 Avenue of the Americas
City	State/Province/Country	ZIP/Postal Code
New York	NEW YORK	10019
State(s) of Solicitation (select all that apply) Check “All States” or check individual States All States	Foreign/non-US
SOUTH DAKOTA TEXAS

13. Offering and Sales Amounts

Total Offering Amount		USD	or X Indefinite
Total Amount Sold	$549,178,338	USD
Total Remaining to be Sold		USD	or X Indefinite

Clarification of Response (if Necessary):

$549,178,338 is the total amount of premium received

14. Investors

Select if securities in the offering have been or may be sold to persons who do not qualify as accredited investors, and enter the number of such non-accredited investors who already have invested in the offering.

Regardless of whether securities in the offering have been or may be sold to persons who do not qualify as accredited investors, enter the total number of investors who already have invested in the offering:

157

15. Sales Commissions & Finder's Fees Expenses

Provide separately the amounts of sales commissions and finders fees expenses, if any. If the amount of an expenditure is not known, provide an estimate and check the box next to the amount.

Sales Commissions	$3,563,170	USD	X Estimate
Finders' Fees	$0	USD	Estimate

Clarification of Response (if Necessary):

16. Use of Proceeds

Provide the amount of the gross proceeds of the offering that has been or is proposed to be used for payments to any of the persons required to be named as executive officers, directors or promoters in response to Item 3 above. If the amount is unknown, provide an estimate and check the box next to the amount.

$0

USD

Estimate

Clarification of Response (if Necessary):

Zurich American Life Insurance Company deducts charges from premium and policy values per terms of applicable insurance contract.

Signature and Submission

Please verify the information you have entered and review the Terms of Submission below before signing and clicking SUBMIT below to file this notice.

Terms of Submission

In submitting this notice, each issuer named above is:

• Notifying the SEC and/or each State in which this notice is filed of the offering of securities described and undertaking to furnish them, upon written request, in the accordance with applicable law, the information furnished to offerees.*

• Irrevocably appointing each of the Secretary of the SEC and, the Securities Administrator or other legally designated officer of the State in which the issuer maintains its principal place of business and any State in which this notice is filed, as its agents for service of process, and agreeing that these persons may accept service on its behalf, of any notice, process or pleading, and further agreeing that such service may be made by registered or certified mail, in any Federal or state action, administrative proceeding, or arbitration brought against the issuer in any place subject to the jurisdiction of the United States, if the action, proceeding or arbitration (a) arises out of any activity in connection with the offering of securities that is the subject of this notice, and (b) is founded, directly or indirectly, upon the provisions of:  (i) the Securities Act of 1933, the Securities Exchange Act of 1934, the Trust Indenture Act of 1939, the Investment Company Act of 1940, or the Investment Advisers Act of 1940, or any rule or regulation under any of these statutes, or (ii) the laws of the State in which the issuer maintains its principal place of business or any State in which this notice is filed.

• Certifying that, if the issuer is claiming a Regulation D exemption for the offering, the issuer is not disqualified from relying on Rule 504 or Rule 506 for one of the reasons stated in Rule 504(b)(3) or Rule 506(d).

Each Issuer identified above has read this notice, knows the contents to be true, and has duly caused this notice to be signed on its behalf by the undersigned duly authorized person.

For signature, type in the signer's name or other letters or characters adopted or authorized as the signer's signature.

X I also am a duly authorized representative of the other issuer(s) identified in Item 1 above and authorized to sign on their behalf.

Issuer	Signature	Name of Signer	Title	Date
HNW PPVUL Series Account - 1	Dave Dampman	Dave Dampman	Vice President, Operations	2023-05-19

Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB number.

* This undertaking does not affect any limits Section 102(a) of the National Securities Markets Improvement Act of 1996 ("NSMIA") [Pub. L. No. 104-290, 110 Stat. 3416 (Oct. 11, 1996)] imposes on the ability of States to require information. As a result, if the securities that are the subject of this Form D are "covered securities" for purposes of NSMIA, whether in all instances or due to the nature of the offering that is the subject of this Form D, States cannot routinely require offering materials under this undertaking or otherwise and can require offering materials only to the extent NSMIA permits them to do so under NSMIA's preservation of their anti-fraud authority.