497 1 d403668d497.htm NORTHWESTERN MUTUAL VARIABLE LIFE Northwestern Mutual Variable Life

THE NORTHWESTERN MUTUAL LIFE INSURANCE COMPANY

 

 

NORTHWESTERN MUTUAL VARIABLE LIFE ACCOUNT

SUPPLEMENT TO THE PROSPECTUSES

VARIABLE LIFE (DATED MAY 1, 2012)

VARIABLE COMPLIFE® (DATED MAY 1, 2012)

VARIABLE JOINT LIFE (DATED MAY 1, 2012)

VARIABLE EXECUTIVE LIFE (DATED MAY 1, 2012)

 

 

NORTHWESTERN MUTUAL VARIABLE LIFE ACCOUNT II

SUPPLEMENT TO THE PROSPECTUSES

CUSTOM VARIABLE UNIVERSAL LIFE (DATED MAY 1, 2012)

EXECUTIVE VARIABLE UNIVERSAL LIFE (DATED MAY 1, 2012)

SURVIVORSHIP VARIABLE UNIVERSAL LIFE (DATED MAY 1, 2012)

 

 

This Supplement amends certain information contained in the Prospectuses referenced above dated May 1, 2012.

In the section titled, “Fee and Expense Tables – Annual Portfolio Operating Expenses”, the table is amended to contain the following information for the Russell Investment Funds and the Russell Investment Funds LifePoints® Variable Target Portfolio Series:

 

Portfolio

    Investment
Advisory
Fees		   12b-1
Fees		   Other
Expenses		   Acquired Fund
Fees and
Expenses		   Total
Operating
Expenses		   Fee Waivers  &
Reimbursements		   Total Net
Operating
Expenses

Russell Investment Funds

               

Core Bond Fund(18)

    0.55%   0.00%   0.17%   0.01%   0.73%   (0.05%)   0.68%

Russell Investment Funds LifePoints® Variable Target Portfolio Series

               

Moderate Strategy Fund(19)

    0.20%   0.00%   0.18%   0.78%   1.16%   (0.28%)   0.88%

Balanced Strategy Fund(19)

    0.20%   0.00%   0.11%   0.91%   1.22%   (0.21%)   1.01%

Growth Strategy Fund(19)

    0.20%   0.00%   0.14%   0.99%   1.33%   (0.24%)   1.09%

Equity Growth Strategy Fund(19)

    0.20%   0.00%   0.29%   1.06%   1.55%   (0.39%)   1.16%

Effective October 1, 2012, in the section titled, “The Funds – Northwestern Mutual Series Fund, Inc.”, the table is amended to contain the following information for the Large Cap Blend and Domestic Equity Portfolios:

 

Portfolio    Investment Objective    Sub-adviser (if applicable)

 

Large Cap Blend Portfolio    Long-term growth of capital and income    Fiduciary Management, Inc.
Domestic Equity Portfolio    Long-term growth of capital and income    Delaware Management Company, a series of Delaware Management Business Trust

Please read this Supplement carefully and keep it with your Prospectus for future reference.

This Supplement is dated August 29, 2012.