Prospectus supplement dated October 13, 2016
to the following prospectus(es):
BOA FPVUL, BOA Next Generation FPVUL, BOA ChoiceLife FPVUL,
BOA Next Generation II FPVUL, NLIC Options Plus, and NLIC Options Premier prospectus dated May 1, 2016
BOA Last Survivorship II, BOA ChoiceLife Survivorship, BOA
ChoiceLife Survivorship II, Next Generation Survivorship Life, BOA Protection Survivorship Life, and BOA ChoiceLife Protection prospectuses dated May 1, 2009
BOA MSPVL, BOA MSPVL II (BOA MSPVL Future), BOA Protection
FPVUL, BOA ChoiceLife Protection FPVUL, Survivor Options Premier (NLIC), Survivor Options Elite (NLIC), Survivor Options Premier (NLAIC), and Options Premier (NLAIC) prospectuses dated May 1, 2008
| This
supplement updates certain information contained in your prospectus. Please read it and keep it with your prospectus for future reference. |
Putnam Investment Management, LLC, the Putnam Variable Trust
– Putnam VT Voyager Fund: Class IB ("VT Voyager Fund") investment manager, has recommended, and the VT Voyager Fund’s Board of Trustees has approved, the merger of Putnam VT Voyager Fund into Putnam Variable Trust – Putnam VT
Growth Opportunities Fund: Class IB ("VT Growth Opportunities Fund"). In the merger, all of the assets of VT Voyager Fund will be transferred to VT Growth Opportunities Fund in exchange for shares of VT Growth Opportunities Fund and VT Growth
Opportunities Fund will also assume all of the liabilities of VT Voyager Fund. The merger is expected to occur at the close of business November 18, 2016.
As a result, the following will occur to the policy:
| •
|
Effective November 17, 2016,
the VT Voyager Fund will no longer be available to receive transfers or new purchase payments. |
| •
|
Effective November 17, 2016,
the VT Growth Opportunities Fund is added as an investment option under the policy. The VT Growth Opportunities Fund will be walled-off on the same date that it is added to the policy, and therefore will only be available to contracts for which
applications are received before November 19, 2016. |
| •
|
After the close of business
November 18, 2016, any allocations to the VT Voyager Fund are transferred to the VT Growth Opportunities Fund and all references in the prospectus to the VT Voyager Fund are deleted and replaced with the VT Growth Opportunities Fund. |
| •
|
The
policy owner may request to transfer out of the VT Voyager Fund to another available investment option under the contract prior to the merger by contacting the Service Center. This transfer will be free of any charges and will not count toward any
specified transfer limits within the contract. |
Accordingly, the following changes apply to your
prospectus:
| (1)
|
Effective November 19, 2016, Appendix A: Underlying Mutual Funds is amended to include the following: |
Putnam Variable Trust – Putnam VT
Growth Opportunities Fund: Class IB
This underlying mutual fund is only available
in contracts for which good order applications were received before November 19, 2016
| Investment
Adviser: |
Putnam
Investment Management, LLC |
| Investment
Objective: |
The
fund seeks capital appreciation. |