Prospectus by Investment Company - Form 497

Lincoln Benefit Life Company

Lincoln Benefit Life Variable Life Account

Supplement dated October 10, 2024

to the Prospectuses for the following policies:

Consultant Accumulator Variable Universal Life

Consultant Protector Variable Universal Life

Consultant SL Variable Universal Life

This supplement amends certain disclosure contained in the above-referenced prospectuses for certain variable life policies issued by Lincoln Benefit Life Company.

The Board of Trustees of the Morgan Stanley Variable Insurance Fund, Inc. has approved the closure and liquidation of the Morgan Stanley VIF U.S. Real Estate Portfolio. Effective December 6, 2024, Morgan Stanley VIF U.S. Real Estate Portfolio is no longer available as an investment alternative. Therefore, the corresponding Morgan Stanley VIF U.S. Real Estate Sub-Account that invests in this Portfolio will be closed and no longer offered as of December 6, 2024 ("Effective Date").

As the Morgan Stanley VIF U.S. Real Estate Portfolio will no longer be offered as an investment option, you may wish to transfer, prior to the Effective Date, some or all of your Policy Value in the Morgan Stanley VIF U.S. Real Estate Portfolio to the other investment options currently offered by your Policy. These transfers are not subject to a transfer fee. Any Policy Value remaining in the Morgan Stanley VIF U.S. Real Estate Portfolio will be transferred automatically, as of the Effective Date, to the Fidelity® VIP Government Money Market Portfolio - Initial Class Sub-Account ("Fidelity® VIP Government Money Market Sub-Account").

If you currently allocate Policy Value to the Morgan Stanley VIF U.S. Real Estate Portfolio Sub-Account through automatic additions, automatic portfolio rebalancing, dollar cost averaging or systematic withdrawal programs, your allocations in these programs will also need to be changed. If you do not change these allocations to other investment options currently available under your Policy, the allocations to the Morgan Stanley VIF U.S. Real Estate Portfolio Sub-Account will be automatically allocated, as of the Effective Date, to the Fidelity® VIP Government Money Market Sub-Account.

We will send you a confirmation that shows the amount that is transferred to the Fidelity® VIP Government Money Market Sub-Account or to the investment option that you chose and the date of the transaction. For additional information on how to transfer to another investment option, or how to make a change to your current allocation(s), please contact your financial representative or call our Customer Service Center at 1-844-768-6780.

If your Policy Value in the Morgan Stanley VIF U.S. Real Estate Portfolio is transferred automatically to the Fidelity® VIP Government Money Market Sub-Account, for 60 days following the automatic transfer, you may transfer your Policy Value in the Fidelity® VIP Government Money Market Sub-Account to any other investment option(s) available under your Policy and such transfer will not be subject to a transfer fee. After 60 days, a transfer fee may apply.

For future reference, please keep this supplement together with your prospectus.

Lincoln Benefit Life Company

Lincoln Benefit Life Variable Life Account

Supplement dated October 10, 2024

to the Prospectuses for the following policies:

Consultant Accumulator Variable Universal Life

Consultant Protector Variable Universal Life

Consultant SL Variable Universal Life

This supplement amends certain disclosure contained in the above-referenced prospectuses for certain variable life policies issued by Lincoln Benefit Life Company.

The Board of Trustees of the Morgan Stanley Variable Insurance Fund, Inc. has approved the closure and liquidation of the Morgan Stanley VIF U.S. Real Estate Portfolio. Effective December 6, 2024, Morgan Stanley VIF U.S. Real Estate Portfolio is no longer available as an investment alternative. Therefore, the corresponding Morgan Stanley VIF U.S. Real Estate Sub-Account that invests in this Portfolio will be closed and no longer offered as of December 6, 2024 ("Effective Date").

As the Morgan Stanley VIF U.S. Real Estate Portfolio will no longer be offered as an investment option, you may wish to transfer, prior to the Effective Date, some or all of your Policy Value in the Morgan Stanley VIF U.S. Real Estate Portfolio to the other investment options currently offered by your Policy. These transfers are not subject to a transfer fee. Any Policy Value remaining in the Morgan Stanley VIF U.S. Real Estate Portfolio will be transferred automatically, as of the Effective Date, to the Fidelity® VIP Government Money Market Portfolio - Initial Class Sub-Account ("Fidelity® VIP Government Money Market Sub-Account").

If you currently allocate Policy Value to the Morgan Stanley VIF U.S. Real Estate Portfolio Sub-Account through automatic additions, automatic portfolio rebalancing, dollar cost averaging or systematic withdrawal programs, your allocations in these programs will also need to be changed. If you do not change these allocations to other investment options currently available under your Policy, the allocations to the Morgan Stanley VIF U.S. Real Estate Portfolio Sub-Account will be automatically allocated, as of the Effective Date, to the Fidelity® VIP Government Money Market Sub-Account.

We will send you a confirmation that shows the amount that is transferred to the Fidelity® VIP Government Money Market Sub-Account or to the investment option that you chose and the date of the transaction. For additional information on how to transfer to another investment option, or how to make a change to your current allocation(s), please contact your financial representative or call our Customer Service Center at 1-800-865-5237.

If your Policy Value in the Morgan Stanley VIF U.S. Real Estate Portfolio is transferred automatically to the Fidelity® VIP Government Money Market Sub-Account, for 60 days following the automatic transfer, you may transfer your Policy Value in the Fidelity® VIP Government Money Market Sub-Account to any other investment option(s) available under your Policy and such transfer will not be subject to a transfer fee. After 60 days, a transfer fee may apply.

For future reference, please keep this supplement together with your prospectus.