What is SEC Form N-6

SEC Form N-6 is a form that certain trust accounts must file with the Securities and Exchange Commission (SEC). As a regulatory agency created to help prevent fraud and other forms of deception involving stocks, the SEC monitors the activities and recordkeeping of companies that trade public stock in the United States.


SEC Form N-6 is a document that must be submitted by separate accounts which are unit investment trusts that offer variable life insurance contracts. The purpose of this form is to provide investors with information that can help them decide whether to invest in a variable life insurance contract.

This form is just one example of what is known as an SEC filing. These filings are official statements or documents, which could include things like periodic reports, registration statements and documents involving risk disclosures. In the United States, the federal government requires these documents to be filed and accessible to potential investors in the interest of full disclosure. Investors review all of these documents as a way to evaluate the company’s track record, to assess its current financial health, and also to try and forecast the company’s stock performance in the near future.

Parts of SEC Form N-6

SEC Form N-6 consists of three main parts.

Part A of this filing, the prospectus, must contain clearly written information about the investment that the average investor, who may not have a specialized background in finance or law, can understand. It should provide a balanced disclosure of the positive and negative aspects of variable life insurance contracts, including information about risks and benefits, fees, premiums, death benefits, contract values, surrenders, loans, lapse and reinstatement, taxes and legal proceedings. Like other filings, this document should adhere to the guidelines in Securities Act Rule 421(d), known as the Plain English Rule, which dictates that the wording should be clear, concise and easily understandable.

Part B provides additional information that may be of interest to some investors, such as financial statements and information about premiums, underwriters and loans. Finally, Part C contains information about directors, indemnification, fee representation and more.

Companies that meet the specific criteria must complete and file SEC Form N-6, which is a document that is required by the Investment Company Act of 1940 and the Securities Act of 1933. To satisfy SEC filing obligations, the SEC Form N-6 must be completed and submitted in electronic format on the SEC website. The SEC makes the information contained in these filings available to the public.