485BPOS 1 d596872d485bpos.htm NORTHWESTERN MUTUAL VARIABLE LIFE ACCOUNT (VCL) Northwestern Mutual Variable Life Account (VCL)

Registration No. 033-89188

Registration No. 811-03989

  UNITED STATES  
  SECURITIES AND EXCHANGE COMMISSION  
  Washington, D.C. 20549  
  FORM N-6  
  REGISTRATION STATEMENT UNDER THE SECURITIES  
  ACT OF 1933   /      /
  Pre-Effective Amendment No.            /      /
  Post-Effective Amendment No.   25     / X /
  and/or  
  REGISTRATION STATEMENT UNDER THE INVESTMENT  
  COMPANY ACT OF 1940   /      /
  Amendment No.   55     / X /
  (Check appropriate box or boxes.)  
    NORTHWESTERN MUTUAL VARIABLE LIFE ACCOUNT    
  (Exact Name of Registrant)  
    THE NORTHWESTERN MUTUAL LIFE INSURANCE COMPANY    
  (Name of Depositor)  
    720 East Wisconsin Avenue, Milwaukee, Wisconsin   53202
  (Address of Depositor’s Principal Executive Offices)   (Zip Code)
  Depositor’s Telephone Number, including Area Code 414-271-1444  
  RAYMOND J. MANISTA, General Counsel and Secretary  
  The Northwestern Mutual Life Insurance Company  
    720 East Wisconsin Avenue, Milwaukee, Wisconsin 53202    
  (Name and Address of Agent for Service)  
  Copy to:  
  Chad E. Fickett, Assistant General Counsel  
  The Northwestern Mutual Life Insurance Company  
  720 East Wisconsin Avenue  
  Milwaukee, Wisconsin 53202  
  414-665-1209  

Approximate Date of Proposed Public Offering                             Continuous                             

It is proposed that this filing will become effective (check appropriate space)

 

    X       immediately upon filing pursuant to paragraph (b) of Rule 485
              on              pursuant to paragraph (b) of Rule 485
              60 days after filing pursuant to paragraph (a)(1) of Rule 485
              on              pursuant to paragraph (a)(1) of Rule 485
              this post-effective amendment designates a new effective date for a previously filed post-effective amendment.

Title of Securities Being Registered: Interests in the Northwestern Mutual Variable Life Account under individual scheduled premium variable whole life insurance policies.

Registrant is filing this Post-Effective Amendment No. 25 to the Registration Statement No. 033-89188 for the purposes of including in the Registration Statement a Supplement that describes a forthcoming substitution of one investment option for a different investment option. This Post-Effective Amendment does not amend or delete the currently effective Prospectus, Statement of Additional Information, or supplements to the Prospectus or Statement of Additional Information, or any other part of the Registration Statement except as specifically noted herein.


PART A — PROSPECTUS

Incorporated by reference to the Prospectus as filed under Form N-6, Post-Effective Amendment No. 24 under the Securities Act of 1933 and Amendment No. 50 under the Investment Company Act of 1940, File Nos. 033-89188 and 811-03989, respectively, filed on April 25, 2013 (Accession No. 0001193125-13-173966), the definitive form of which was filed on May 3, 2013 (Accession No. 0001193125-13-198057), as well as supplements to such Prospectus as filed on June 4, 2013 (Accession No. 0001193125-13-246322), August 1, 2013 (Accession No. 0001193125-13-315166), and August 23, 2013 (Accession No. 0001193125-13-345383).

A supplement dated October 1, 2013 to the Prospectus is included herewith in Part A of this Post-Effective Amendment No. 25 under the Securities Act of 1933 and Amendment No. 55 under the Investment Company Act of 1940, File Nos. 033-89188 and 811-03989, respectively.


PART B — STATEMENT OF ADDITIONAL INFORMATION

Incorporated by reference to the Prospectus as filed under Form N-6, Post-Effective Amendment No. 24 under the Securities Act of 1933 and Amendment No. 50 under the Investment Company Act of 1940, File Nos. 033-89188 and 811-03989, respectively, filed on April 25, 2013 (Accession No. 0001193125-13-173966), the definitive form of which was filed on May 3, 2013 (Accession No. 0001193125-13-198057).


PART C – OTHER INFORMATION

Information required to be included in Part C is set forth under the appropriate item, so numbered, in Part C of this Registration Statement.


THE NORTHWESTERN MUTUAL LIFE INSURANCE COMPANY

 

 

NORTHWESTERN MUTUAL VARIABLE LIFE ACCOUNT

SUPPLEMENT TO THE PROSPECTUSES

VARIABLE LIFE (DATED MAY 1, 2013)

VARIABLE COMPLIFE® (DATED MAY 1, 2013)

VARIABLE JOINT LIFE (DATED MAY 1, 2013)

VARIABLE EXECUTIVE LIFE (DATED MAY 1, 2013)

 

 

NORTHWESTERN MUTUAL VARIABLE LIFE ACCOUNT II

SUPPLEMENT TO THE PROSPECTUSES

CUSTOM VARIABLE UNIVERSAL LIFE (DATED MAY 1, 2013)

EXECUTIVE VARIABLE UNIVERSAL LIFE (DATED MAY 1, 2013)

SURVIVORSHIP VARIABLE UNIVERSAL LIFE (DATED MAY 1, 2013)

 

 

The purpose of this Supplement and Notice is to inform you that we received the approval of the Securities and Exchange Commission (the “SEC”) to substitute the Commodity Return Strategy Portfolio (the “Replacement Commodity Portfolio”), a portfolio of Credit Suisse Trust, for the Commodities Return Strategy Portfolio (the “Replaced Commodities Portfolio”), a series of Northwestern Mutual Series Fund, Inc.

On November 15, 2013 (the “effective date”), we will automatically transfer any amounts you have in the Division investing in the Replaced Commodities Portfolio to the Division investing in the Replacement Commodity Portfolio (the “Substitution”). Allocations to the Replaced Commodities Portfolio through preexisting dollar-cost averaging programs, portfolio rebalancing elections, asset allocation models or other automatic transfers or scheduled or systematic transactions will be replaced with allocations to the Replacement Commodity Portfolio and the Replaced Commodities Portfolio will no longer be available as an investment option. Allocations to this Portfolio after the effective date will be deemed made to the Replacement Commodity Portfolio. Please note that the Replacement Commodity Portfolio will not be available as an investment option until the effective date.

This change will not result in a change in policy value or death benefit, you will not incur any fees or charges as a result of this transaction, and your rights or our obligations under the policy will not be altered. We or our affiliates will bear all expenses incurred in connection with the Substitution. You may continue to transfer amounts from the Division investing in the Replaced Commodities Portfolio to other Divisions until the effective date and you should consider doing so if you do not want your assets transferred by us as described above. The first transfer made from the Replaced Commodities Portfolio between May 1, 2013 and the effective date will not count toward your limit on transfers as part of our policies and procedures on short-term and excessive trading. For those policy owners with amounts in the Replaced Commodities Portfolio that were transferred to the Replacement Commodity Portfolio on the effective date, for 30 days after the effective date any such transfer will not count toward your limit on transfers as part of our policies on short-term and excessive trading. Within five days after the Substitution, we will forward policy owners affected by this transaction a written notice informing them of the details of the transfer.

Disclosures in your prospectus regarding the Substitution and/or our prior request for approval in the “Dollar-Cost Averaging” and “Portfolio Rebalancing” sections, if applicable, as well as any other sections discussing the Substitution, should be read in light of the fact that we have obtained approval for, and will proceed with, the Substitution on the effective date. In addition, please note the following specific changes effective November 15, 2013:

All references to the “Commodities Return Strategy Portfolio” series of Northwestern Mutual Series Fund, Inc., including any footnotes, are deleted.


The following portfolio should be added to the list of investment options on the front cover page:

Credit Suisse Trust

Commodity Return Strategy Portfolio

The paragraph immediately preceding the Annual Operating Expenses table in the “Annual Operating Expenses” section is amended as follows:

The following table shows total annual operating expenses of each Portfolio available for investment under the Policy. Operating expenses are expressed as a percentage of average net assets for the year ended December 31, 2012, except as otherwise set forth in the notes to the table. The Russell Investment Funds LifePoints® Variable Target Portfolio Series are funds of funds and because of their two-tiered structure, may have fees that are higher than other funds. The Portfolio expenses used to prepare the table were provided to the Company by the Portfolios. The Company has not independently verified such information. The expenses shown are based on expenses incurred for the year ended December 31, 2012, or restated to reflect current expenses (see attached prospectuses for the Funds). Current or future expenses may be higher or lower than those shown, especially in periods of market volatility. Effective November 15, 2013, the investment adviser to the Commodity Return Strategy Portfolio, Credit Suisse Asset Management, LLC, will limit the Portfolio’s operating expenses (excluding certain expenses as described in the Portfolio’s prospectus) to 1.05% of the Portfolio’s average daily net assets at least through November 15, 2015.

The following is hereby added to the Annual Portfolio Operating Expenses table:

 

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

 

 

 

Credit Suisse Trust

Commodity Return Strategy Portfolio(20)

     0.50     0.59     0.25     0.00     1.34     0.00     1.34

The following is added to “The Funds” section of the prospectus:

Credit Suisse Trust

The Commodity Return Strategy Portfolio is a series of Credit Suisse Trust. The Separate Account buys shares of the Portfolio, the investment adviser for which is Credit Suisse Asset Management, LLC.

 

Portfolio   Investment Objective   Sub-adviser
Commodity Return Strategy Portfolio   Total Return   N/A

In the Custom Variable Universal Life, Executive Variable Universal Life, and Survivorship Variable Universal Life prospectuses the sub-section entitled “The Substitution” in the “Other Policy Transactions” section is hereby deleted.

The last four paragraphs in the section entitled “Substitution of Fund Shares and Other Changes” in the Variable Life, Variable CompLife®, Variable Executive Life, and Variable Joint Life prospectuses are hereby deleted.

The following definition of “Good Order” in the Glossary is amended as follows:

Your request or payment meets all the current requirements necessary for us to process it. For certain requests this may include, as applicable, the return of proceeds, evidence of insurability, underwriting, MEC-limit (or insurance qualification) requirements, any premium payments due or proper completion of certain Northwestern Mutual forms.

If you have any questions concerning the Substitution, please contact your Registered Representative or the Variable Life Customer Services Center, toll-free at 1-888-424-2609.

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

This Supplement is dated October 1, 2013.


PART C

OTHER INFORMATION

Item 26. Exhibits

 

Exhibit    Description   

Filed Herewith/Incorporated Herein By Reference

To

(a)(1)    Resolution of the Board of Trustees of The Northwestern Mutual Life Insurance Company amending Northwestern Mutual Variable Life Account Operating Authority    Exhibit (a)(1) to Form N-6 Post-Effective Amendment No. 30 for Northwestern Mutual Variable Life Account, File No. 2-89972, filed February 21, 2006
(a)(2)    Resolution of Board of Trustees of The Northwestern Mutual Life Insurance Company establishing the Account    Exhibit A(1) to Form S-6 Registration Statement for Northwestern Mutual Variable Life Account, File No. 333-36865, filed October 1, 1997
(b)    Not Applicable     
(c)    Distribution Agreement Between The Northwestern Life Insurance Company and Northwestern Mutual Investment Services, LLC, dated May 1, 2006    Exhibit (c) to Form N-6 Registration Statement for Northwestern Mutual Variable Life Account II, File No. 333-136124, filed July 28, 2006
(d)(a)   

Form of Policies -

(1) Variable Whole Life Insurance Policy With Additional Protection, QQ.VCL, including Policy amendment (sex distinct)

(2) Variable Whole Life Insurance Policy With Additional Protection, QQ.VCL, including Policy amendment (sex neutral for employers)

(3) Forms of Optional Riders to Variable Whole Life Insurance Policy QQ.VCL:

(i) Waiver of Premium Benefit

(ii) Additional Purchase Benefit

   Exhibits A(5)(a), A(5)(b), A(5)(c), and A(5)(d) to Form S-6 Post-Effective Amendment No. 7 for Northwestern Mutual Variable Life Account, File No. 33-89188, filed May 31, 2001
(d)(b)   

Form of Policies –

(Referenced to Exhibits 1.A.(5)(a), 1.A.(5)(b), 1.A.(13)(i), and 1.A.(13)(ii) filed with Form S-6 Registration Statement for Northwestern Mutual Variable Life Account, File No. 33-89188 on February 8, 1995)

(1)Variable Life Insurance Policy, QQ.VCL (sex distinct)

(2)Variable Life Insurance Policy, QQ.VCL, including an Amendment to Variable Whole Life with Additional Protection. (Sex neutral: for employers)

(3)Forms of Optional Riders to Variable Whole Life Insurance Policy QQ.VCL:

    (i) Waiver of Premium Benefit

    (ii) Additional Purchase Benefit

   Exhibit (d)(b) to Form N-6 Post-Effective Amendment No. 14 for Northwestern Mutual Variable Life Account, File No. 33-89188, filed March 24, 2006
(e)    Form of Life Insurance Application 90-1 L.I. (0198) WISCONSIN and Application Supplement (1003)    Exhibit (e) to Form N-6 Post-Effective Amendment No. 12 for Northwestern Mutual Variable Life Account, File No. 33-89188, filed April 28, 2005
(f)(1)    Restated Articles of Incorporation of The Northwestern Mutual Life Insurance Company (adopted July 26, 1972)    Exhibit A(6)(a) to Form S-6 Post-Effective Amendment No. 18 for Northwestern Mutual Variable Life Account, File No. 2-89972, filed April 26, 1996
(f)(2)    Amendment Amended By-Laws of The Northwestern Mutual Life Insurance Company dated December 4, 2002    Exhibit (f) to Form N-6 Post-Effective Amendment No. 9 for Northwestern Mutual Variable Life Account, File No. 33-89188, filed February 28, 2003

 

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(g)    Form of Reinsurance Agreement    Exhibit (g) to Form S-6 Post-Effective Amendment No. 9 for Northwestern Mutual Variable Life Account, File No. 33-89188, filed February 28, 2003
(h)(a)(1)    Participation Agreement dated March 16, 1999 Among Russell Insurance Funds, Russell Fund Distributors, Inc. and The Northwestern Mutual Life Insurance Company    Exhibit (b)(8)(a) to Form N-4 Post-Effective Amendment No. 66 for NML Variable Annuity Account B, File No. 2-29240, filed April 28, 2005
(h)(a)(2)    Amendment No. 1 dated August 7, 2000 to the Participation Agreement dated March 16, 1999 Among Russell Insurance Funds, Russell Fund Distributors, Inc. and The Northwestern Mutual Life Insurance Company    Exhibit (h)1(a)(2) to Form N-6 Registration Statement for Northwestern Mutual Variable Life Account II, File No. 333-136124, filed July 28, 2006
(h)(a)(3)    Amendment No. 2 dated October 13, 2006 to Participation Agreements dated March 16, 1999 and August 7, 2000, respectively, by and among The Northwestern Mutual Life Insurance Company, Russell Investment Funds, f/k/a “Russell Insurance Funds,” and Russell Fund Distributors, Inc.    Exhibit (h)1(a)(3) to Form N-6 Pre-Effective Amendment No. 1, for Northwestern Mutual Variable Life Account II, File No. 333-136124, filed December 13, 2006
(h)(a)(4)    Amendment No. 3 dated August 29, 2007 to Participation Agreements dated March 16, 1999, August 7, 2000, and October 13, 2006, respectively, by and among The Northwestern Mutual Life Insurance Company, Russell Investment Funds, f/k/a “Russell Insurance Funds,” and Russell Fund Distributors, Inc.    Exhibit (h)(a)(4) to Form N-6 Post-Effective Amendment No. 41 for Northwestern Mutual Variable Life Account, File No. 002-89972, filed on April 25, 2013
(h)(b)(1)    Participation Agreement dated May 1, 2003 among Variable Insurance Products Funds, Fidelity Distributors Corporation and The Northwestern Mutual Life Insurance Company    Exhibit (b)(8)(b) to Form N-4 Post-Effective Amendment No. 66 for NML Variable Annuity Account B, File No. 2-29240, filed April 28, 2005
(h)(b)(2)    Amendment No. 1 dated October 18, 2006 to Participation Agreement dated May 1, 2003, by and among The Northwestern Mutual Life Insurance Company, Fidelity Distributors Corporation, and each of Variable Insurance Products Fund, Variable Insurance Products Fund II, and Variable Insurance Products Fund III    Exhibit (h)1(b)(2) to Form N-6 Pre-Effective Amendment No. 1, for Northwestern Mutual Variable Life Account II, File No. 333-136124, filed December 13, 2006
(h)(b)(3)    Participation Agreement dated April 30, 2007 among Neuberger Berman Advisers Management Trust, Neuberger Berman Management Inc., and The Northwestern Mutual Life Insurance Company    Exhibit (h)(e) to Form N-6 Post-Effective Amendment No. 39 for Northwestern Mutual Variable Life Account, File No. 2-89972, filed April 30, 2012
(h)(b)(4)    Participation Agreement dated September 27, 2013 among Credit Suisse Trust, Credit Suisse Asset Management, LLC, Credit Suisse Securities (USA) LLC, and The Northwestern Mutual Life Insurance Company    Exhibit (h)(b)(4) to Form N-6 Post-Effective Amendment No. 10 for Northwestern Mutual Variable Life Account II, File No. 333-136124, filed on October 1, 2013
(h)(b)(5)    Form of Amendment to Participation Agreement Regarding Rule 498    Exhibit (h)(b)(5) to Form N-6 Post-Effective Amendment No. 10 for Northwestern Mutual Variable Life Account II, File No. 333-136124, filed on October 1, 2013
(h)(c)(1)    Administrative Service Fee Agreement dated February 28, 1999 between The Northwestern Mutual Life Insurance Company and Frank Russell Company    Exhibit (b)(8)(c) to Form N-4 Post-Effective Amendment No. 66 for NML Variable Annuity Account B, File No. 2-29240, filed April 28, 2005

 

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(h)(c)(2)    Service Agreement dated May 1, 2003 between Fidelity Investments Institutional Operations Company, Inc. and The Northwestern Mutual Life Insurance Company    Exhibit (b)(8)(c)(2) to Form N-4 Pre-Effective Amendment No. 1 for NML Variable Annuity Account A, File No. 333-133380, filed August 8, 2006
(h)(d)(3)    Amendment dated August 1, 2004 to the Service Agreement dated May 1, 2003 between Fidelity Investments Institutional Operations Company, Inc. and The Northwestern Mutual Life Insurance Company    Exhibit (b)(8)(c)(3) to Form N-4 Pre-Effective Amendment No. 1 for NML Variable Annuity Account A, File No. 333-133380, filed August 8, 2006
(h)(d)(4)    Form of Administrative Services Agreement    Exhibit (h)(c)(2) to Form N-6 Post-Effective Amendment No. 39 for Northwestern Mutual Variable Life Account, File No. 2-89972, filed April 30, 2012
(i)    Not Applicable     
(j)(a)    Agreement entered into on February 13, 1984 among Northwestern Mutual Variable Life Account, The Northwestern Mutual Life Insurance Company and NML Equity Services, Inc. (n/k/a Northwestern Mutual Investment Services, LLC)    Exhibit A(8) to Form S-6 Registration Statement for Northwestern Mutual Variable Life Account, File No. 333-36865, filed October 1, 1997
(j)(b)    Shareholder Information Agreement dated April 13, 2007 among Russell Investment Management Company on behalf of Russell Investment Funds and The Northwestern Mutual Life Insurance Company    Exhibit (j)(b) to Form N-6 Post-Effective Amendment No. 39 for Northwestern Mutual Variable Life Account, File No. 2-89972, filed April 30, 2012
(j)(c)    Amendment No. 1 dated October 20, 2008 to Shareholder Information Agreement dated April 13, 2007 among Russell Fund Services Company on behalf of Russell Investment Funds and The Northwestern Mutual Life Insurance Company    Exhibit (j)(c) to Form N-6 Post-Effective Amendment No. 39 for Northwestern Mutual Variable Life Account, File No. 2-89972, filed April 30, 2012
(j)(d)    Shareholder Information Agreement dated April 13, 2007 among Fidelity Distributors Corporation on behalf of Fidelity® Variable Insurance Products Fund and The Northwestern Mutual Life Insurance Company    Exhibit (j)(d) to Form N-6 Post-Effective Amendment No. 39 for Northwestern Mutual Variable Life Account, File No. 2-89972, filed April 30, 2012
(j)(e)    Shareholder Information Agreement dated April 16, 2007 among Northwestern Mutual Series Fund, Inc. and The Northwestern Mutual Life Insurance Company    Exhibit (j)(e) to Form N-6 Post-Effective Amendment No. 39 for Northwestern Mutual Variable Life Account, File No. 2-89972, filed April 30, 2012
(j)(f)    Shareholder Information Agreement dated October 16, 2007 among Neuberger Berman Management Inc. and The Northwestern Mutual Life Insurance Company    Exhibit (j)(f) to Form N-6 Post-Effective Amendment No. 39 for Northwestern Mutual Variable Life Account, File No. 2-89972, filed April 30, 2012
(j)(g)    Shareholder Information Agreement dated September 27, 2013 among Credit Suisse Securities (USA) LLC and The Northwestern Mutual Life Insurance Company    Exhibit (j)(f) to Form N-6 Post-Effective Amendment No. 10 for Northwestern Mutual Variable Life Account II, File No. 333-136124, filed on October 1, 2013
(j)(h)    Power of Attorney    Filed herewith
(j)(i)    NMIS/NM Annuity Operations Admin Agreement    Exhibit (b)(8)(i) to Form N-4 Post-Effective Amendment No. 19 for NML Variable Annuity Account A, File No. 333-72913, filed April 22, 2008
(k)    Opinion and Consent of Raymond J. Manista, Esq. dated October 1, 2013    Filed herewith
(l)    Not Applicable     
(m)    Not Applicable     

 

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(n)    Consent of PricewaterhouseCoopers LLP dated September 30, 2013    Filed herewith
(o)    Not Applicable     
(p)    Not Applicable     
(q)    Memorandum describing Issuance, Transfer and Redemption Procedures    Exhibit (q) to Form N-6 Post-Effective Amendment No. 22, for Northwestern Mutual Variable Life Account , File No. 033-89188, filed on April 30, 2012

Item 27. Directors and Officers of the Depositor

The following lists include all of the Trustees, executive officers and other officers of The Northwestern Mutual Life Insurance Company without regard to their activities relating to variable life insurance policies or their authority to act or their status as “officers” as that term is used for certain purposes of the federal securities laws and rules thereunder.

TRUSTEES – As of September 3, 2013

 

Name    Address
John N. Balboni   

Senior Vice President & CIO

International Paper

6400 Poplar Avenue

Memphis, TN 38197

David J. Drury   

Owner and CEO

Poblocki Sign Company LLC

922 South 70th Street

Milwaukee, WI 53214

Connie K. Duckworth   

President and Chairman of the Board

ARZU

77 Stone Gate Lane

Lake Forest, IL 60045

James P. Hackett   

President and CEO

Steelcase, Inc.

901 - 44th Street

Grand Rapids, MI 49508

P. Russell Hardin   

President

Robert W. Woodruff Foundation

191 Peachtree Street NE, Suite 3540

Atlanta, GA 30303

Hans Helmerich   

President & CEO

Helmerich & Payne, Inc.

1437 S. Boulder Avenue

Tulsa, OK 74119-3609

Dale E. Jones   

Vice Chairman

Heidrick & Struggles

2001 Pennsylvania Avenue, NW

Suite 800

Washington, DC 20006

 

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Margery Kraus   

President & CEO

APCO Worldwide

700 12th Street, NW

Suite 800

Washington, DC 20005

David J. Lubar   

President

Lubar & Co.

700 N. Water Street

Suite 1200

Milwaukee, WI 53202

Ulice Payne, Jr.   

President & CEO

Addison-Clifton, LLC

13555 Bishops Court

Suite 245

Brookfield, WI 53005

John E. Schlifske   

Chairman and CEO

Northwestern Mutual

720 E. Wisconsin Avenue

Milwaukee, WI 53202

Mary Ellen Stanek   

Managing Director & Chief Investment Officer

Baird Advisors

Robert W. Baird & Co.

President-Baird Funds Inc.

777 E. Wisconsin Avenue

21st Floor

Milwaukee, WI 53202

Timothy W. Sullivan   

Former President & CEO

Bucyrus International, Inc.

5270 N. Lake Drive

Whitefish Bay, WI 53217

S. Scott Voynich   

Managing Partner

Robinson, Grimes & Company, PC

5637 Whitesville Road (31904)

P. O. Box 4299 (31914)

Columbus, GA

Ralph A. Weber   

Founding Member

Gass, Weber, Mullins, LLC

309 North Water Street

Suite 700

Milwaukee, WI 53202

Barry L. Williams   

Retired Managing General Partner

Williams Pacific Ventures, Inc.

4 Embarcadero Center, Suite 3700

San Francisco, CA 94111

Benjamin F. Wilson   

Managing Principal

Beveridge & Diamond, P.C.

1350 I Street, NW

Suite 700

Washington, DC 20005

Edward J. Zore   

Retired Chairman

Northwestern Mutual

777 E. Wisconsin

Suite 3005

Milwaukee, WI 53202

 

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EXECUTIVE OFFICERS – As of September 3, 2013

 

John E. Schlifske    Chairman and Chief Executive Officer
Sandra L. Botcher    Vice President (Disability Income)
Michael G. Carter    Executive Vice President and Chief Financial Officer
Eric P. Christophersen    Vice President (Wealth Management)
David D. Clark    Senior Vice President (Real Estate)
Jefferson V. DeAngelis    Senior Vice President (Public Markets)
Joann M. Eisenhart    Senior Vice President (Human Resources)
Christina H. Fiasca    Vice President (Product Finance)
Timothy J. Gerend    Vice President (Compliance/Best Practices)
Kimberley Goode    Vice President (Communications & Corporate Affairs)
Karl G. Gouverneur    Vice President (Information Systems)
John M. Grogan    Senior Vice President (Planning & Sales)
Thomas C. Guay    Vice President (Field Rewards)
Gary M. Hewitt    Vice President (Investment Risk Management)
Ronald P. Joelson    Executive Vice President & Chief Investment Officer
Todd M. Jones    Vice President & Chief Risk Officer
J. Chris Kelly    Vice President and Controller
John L. Kordsmeier    Vice President (Strategic Philanthropy & Community Relations)
Jeffrey J. Lueken    Senior Vice President (Securities)
Jean M. Maier    Executive Vice President (Enterprise Operations and Technology)
Raymond J. Manista    Senior Vice President, General Counsel & Secretary
Steven C. Mannebach    Vice President (Field Growth & Development)
Christian W. Mitchell    Vice President (Corporate Planning)
Gregory C. Oberland    Executive Vice President (Products, Sales & Marketing)
Kathleen A. Oman    Vice President (IT Relationship Management)
Gary A. Poliner    President
Steven M. Radke    Vice President (Government Relations)
David R. Remstad    Senior Vice President and Chief Actuary
Bethany M. Rodenhuis    Senior Vice President (Field Strategy & Services)
Tammy M. Roou    Vice President (Enterprise Risk Assurance)
Timothy G. Schaefer    Senior Vice President & Chief Information Officer
Calvin R. Schmidt    Senior Vice President (Integrated Customer Operations)
Sarah R. Schneider    Vice President (New Business)
Todd M. Schoon    Executive Vice President (Agencies)
David W. Simbro    Senior Vice President (Life & Annuity Products)
Steve P. Sperka    Vice President (Long Term Care)
Paul J. Steffen    Vice President (Agencies)
Conrad C. York    Vice President (Marketing)
Todd O. Zinkgraf    Vice President (Enterprise Solutions)

OTHER OFFICERS – As of April 1, 2013

 

Employee    Title
Lisa C. Gandrud    Senior Actuary
Gregory A. Gurlik    Senior Actuary
Jason T. Klawonn    VP-Actuary
James R. Lodermeier    VP-Actuary
Ted A. Matchulat    Director Product Compliance
Arthur V. Panighetti    Regulatory & Tax Actuary

 

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Employee    Title
Deborah A. Schultz    Senior Actuary
Chris G. Trost    Senior Actuary
P. Andrew Ware    VP-Actuary
      
Mark S. Bishop    Regional VP-Field Supervision
Somayajulu Durvasula    Regional VP-Field Supervision
Mark J. Gmach    Regional VP-Field Supervision
Laila V. Hick    VP-Agency Development
Timothy Nelson    Regional VP
Daniel J. O’Meara    VP-Agency Development
Charles J. Pendley    VP-Agency Development
      
Anne A. Frigo    Director-Insurance Product Compliance
Ricky J. Frank    Director-Systems
Robert J. Johnson    Director-Compliance
Gregory S. Leslie    Director-Variable Product Compliance
James M. Makowski    Director-Compliance
      
Kevin J. Abitz    Director-Corporate Reporting
Jason T. Anderson    Asst. Director-Tax
Barbara E. Courtney    Director-Mutual Fund Accounting
Walter M. Givler    VP-Accounting Policy
Michelle A. Hinze    Director-Accounting Operations
Todd C. Kuzminski    Director-Investment Accounting
David K. Nunley    VP-Tax
David E. Willert    Director-Federal Tax
      
Rick T. Zehner    VP-Research & Special Projects
      
Mark McNulty    Director-Field Distribution Policies & Administration
Daniel A. Riedl    VP-Field Distribution Policies & Administration
Jeffrey P. Scholemer    Director-Field Supervision
      
Cynthia A. Criss    Director-Field Recruitment
David A. Eurich    Director-Field Training
Sarah L. N. Koenig    Director-Horizontal Growth
Arleen J. Llewellyn    Director-FR Engagement & Succession
Michael E. Pritzl    VP-Leadership Development
Kamilah D. Williams-Kemp    Director-Practice Management & Field Training
      
Lisa A. Cadotte    Director-Field System Financial Management
Robyn S. Cornelius    Director-Distribution Planning
Virginia E. Riesing    Director-Field Financial Consulting
Richard P. Snyder    Director-Field Compensation
      
Meg E. Jansky    VP-Field Services & Support
Kevin J. Konopa    Director-Client Management
Joanne M. Migliaccio    Director-Field Services & Support
Joseph Roblee    Director-Network Office Operations
David J. Writz    Director-Client Management
      
Karen A. Molloy    VP-Treasurer
      
Pency P. Byhardt    Vice President Annuity Operations
Don P. Gehrke    Director-ICS Investment Operations

 

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Employee    Title
Dennis P. Goyette    Interim Director-Annuity Customer Service
Patricia J. Hillmann    Director-Annuity Customer Service
Lori A. Toner    Assistant Director Retail Investment Operations
Jeffrey B. Williams    NMIS and WMC Chief Compliance Officer
      
R. David Ells    VP–Investment Strategy
      
Karla J. Adams    Director-Investment Risk Management
James A. Brewer    Director-Investment Planning
David A. Escamilla    Director-Investment Information
Donald Forecki    Director-Investment Operations, Asst. Secretary
Michael S. Treptow    Director-Investment Performance Management
      
Mark J. Backe    VP-Insurance & Operations Counsel
Joanne M. Breese-Jaeck    Asst. General Counsel & Asst. Secretary
Christopher W. Brownell    Asst. General Counsel & Asst. Secretary
Michael S. Bula    Asst. General Counsel & Asst. Secretary
Thomas B. Christenson    Asst. General Counsel & Asst. Secretary
Mark S. Diestelmeier    Asst. General Counsel & Asst. Secretary
John E. Dunn    VP & Investment Products & Services Counsel
James R. Eben    Asst. General Counsel & Asst. Secretary
Bradley L. Eull    Asst. General Counsel & Asst. Secretary
Chad E. Fickett    Asst. General Counsel & Asst. Secretary
James C. Frasher    Asst. General Counsel & Asst. Secretary
Sheila M. Gavin    Asst. General Counsel & Asst. Secretary
Chris K. Gawart    Asst. General Counsel & Asst. Secretary
Matthew D. Heinke    Asst. General Counsel & Asst. Secretary
James A. Koelbl    Asst. General Counsel & Asst. Secretary
Steven J. LaFore    Asst. General Counsel & Asst. Secretary
Lisa A. Leister    Asst. General Counsel & Asst. Secretary
Michael J. Mazza    Asst. General Counsel & Asst. Secretary
Lesli H. McLinden    Asst. General Counsel & Asst. Secretary
David K. Nelson    Asst. General Counsel & Asst. Secretary
Michelle Nelson    Asst. General Counsel & Asst. Secretary
Lisa Parrington    Asst. General Counsel & Asst. Secretary
Randy M. Pavlick    Asst. General Counsel & Asst. Secretary
William C. Pickering    Asst. General Counsel & Asst. Secretary
Nora M. Platt    Asst. General Counsel & Asst. Secretary
Zhibin Ren    Asst. General Counsel & Asst. Secretary
Peter K. Richardson    Asst. General Counsel & Asst. Secretary
Monica Riederer    Asst. General Counsel & Asst. Secretary
Kathleen H. Schluter    VP & Tax Counsel
Rodd Schneider    VP & Litigation and Distribution Counsel
Paul Scott    Asst. General Counsel & Asst. Secretary
Mark W. Smith    Assoc. General Counsel & Asst. Secretary
John M. Thompson    Asst. General Counsel & Asst. Secretary
John W. Warren    Asst. General Counsel & Asst. Secretary
Terry R. Young    Asst. General Counsel & Asst. Secretary
      
Gregory A. Jaeck    Director-Annuity & Income Markets
Jason R. Handal    VP-Advanced Markets
Todd L. Laszewski    Director-Life Product Development
William Brian Henning    Director-Competitive Intelligence
Jane Ann Schiltz    Director-LP Planning & Project Support
      

 

C-8


Employee    Title
Thomas R. Anderson    Director-Integrated Planning
Rebekah B. Barsch    VP-Market Strategy & Training
Barbara A. Bombaci    Director-Advanced Planning
Kenneth P. Elbert    Director-Advanced Planning
Daniel R. Finn    Director-Advanced Planning
Stephen J. Frankl    Regional Sales Director-East
William F. Grady, IV    Director-Advanced Planning
Debra L. Hagan    Director-Administration/Operations FSP
Patrick J. Horning    Director-Advanced Planning
Shawn P. Mauser    Regional Sales Director-South
Mac McAuliffe    Director-Regional Sales Development
John E. Muth    Director-Advanced Planning
John K. O’Meara    Director-Advanced Planning
Brent A. Ritchey    Director-Advanced Planning
David G. Stoeffel    Vice President
William H. Taylor    VP-Financial Planning & Sales Support
Janine L. Wagner    Planning & Product Insurance Consultation
Stephanie Wilcox    Planning & Sales Admin/Integration
Brian D. Wilson    Regional Sales Director-Central
John K. Wilson    Regional Sales Director-West
Stanford A. Wynn    Director-Advanced Planning
      
Carrie L. Bleck    Director-Policyowner Services
Joseph R. Haselow    Director-Integrated Customer Operations Transformation
Travis T. Piotrowski    VP-Policyowner Services
Sandra K. Scott    Director-Life Benefits
Carol A. Stillwell    Director-Policyowner Services
Natalie J. Versnik    Director-Policyowner Services
Michael D. Zelinski    Director Policyowner Services
      
Shanklin B. Cannon    Medical Director
Kurt P. Carbon    Director-Life Lay Standards
Wayne F. Heidenreich    Medical Director
Paul W. Skalecki    VP-Underwriting Standards
      
Mark J. McLennon    VP-Investment Advisory Services

The business addresses for all of the executive officers and other officers is 720 East Wisconsin Avenue, Milwaukee, Wisconsin 53202.

Item 28. Persons Controlled By or Under Common Control with the Depositor or Registrant

The subsidiaries of The Northwestern Mutual Life Insurance Company (“Northwestern Mutual”), as of September 3, 2013 are shown below. In addition to the subsidiaries shown below, the following separate investment accounts (which include the Registrant) may be deemed to be either controlled by, or under common control with, Northwestern Mutual:

 

  1. NML Variable Annuity Account A
  2. NML Variable Annuity Account B
  3. NML Variable Annuity Account C
  4. Northwestern Mutual Variable Life Account
  5. Northwestern Mutual Variable Life Account II

Northwestern Mutual Series Fund, Inc. and Russell Investment Funds (the “Funds”), shown below as subsidiaries of Northwestern Mutual, are investment companies, registered under the Investment Company Act of 1940, offering their shares to the separate accounts identified above; and the shares of the Funds held in connection

 

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with certain of the accounts are voted by Northwestern Mutual in accordance with voting instructions obtained from the persons who own, or are receiving payments under, variable annuity contracts or variable life insurance policies issued in connection with the separate accounts, or in the same proportions as the shares which are so voted.

 

NORTHWESTERN MUTUAL CORPORATE STRUCTURE(1)

(as of September 3, 2013)

 

Legal Entity Name    Domestic Jurisdiction    Owner %
Operating Subsidiaries          
Northwestern Mutual Capital, LLC(2)    Delaware    100.00
Northwestern Mutual Capital Limited(2)    United Kingdom    100.00
Mason Street Advisors, LLC(2)    Delaware    100.00
Northwestern Long Term Care Insurance Company(2)    Wisconsin    100.00
Northwestern Mutual Investment Services, LLC(2)    Wisconsin    100.00
Northwestern Mutual Real Estate Investments, LLC(2)    Delaware    100.00
Northwestern Mutual Wealth Management Company(2)    United States    100.00
Frank Russell Company(3)    Washington      92.63
           
All Other Subsidiaries          
100 East Wisconsin Avenue Joint Venture(2)    Wisconsin    100.00
31 Ogden, LLC(2)    Delaware    100.00
3412 Exchange, LLC(2)    Delaware    100.00
AFE Brentwood Park, LLC(2)    Delaware    100.00
Amber, LLC(2)    Delaware    100.00
Arbor Lake Village Apartments Limited Liability Company(2)    Delaware    100.00
Arbor Oaks Ltd.(2)    Florida    100.00
Baraboo, Inc.(2)    Delaware    100.00
Bayridge, LLC(2)    Delaware    100.00
Bishop Square, LLC(2)    Delaware    100.00
Bradford, Inc.(2)    Delaware    100.00
Brendan International Sales, Inc.(2)    U.S. Virgin Islands    100.00
Burgundy, LLC(2)    Delaware    100.00
C – Land Fund, LLC(2)    Delaware    100.00
Chateau, LLC(2)    Delaware    100.00
Coral, Inc.(2)    Delaware    100.00
Cortona Holdings, LLC(2)    Delaware    100.00
Crosland Denver Highway 16, LLC(2)    North Carolina    100.00
Crosland Greens, LLC(2)    North Carolina    100.00
Fairfield West Deer Park LLC(2)    Delaware    100.00
Hazel, Inc.(2)    Delaware    100.00
Higgins, Inc.(2)    Delaware    100.00
Highbrook International Sales, Inc.(2)    U.S. Virgin Islands    100.00
Hobby, Inc.(2)    Delaware    100.00
Hollenberg 1, Inc.(2)    Delaware    100.00
Jacksonville Concourse II, LLC(2)    Delaware    100.00
Jacksonville Concourse III, LLC(2)    Delaware    100.00
Jacksonville Concourse, LLC(2)    Delaware    100.00
Juleen, LLC(2)    Delaware    100.00
Justin International FSC, Inc.(2)    U.S. Virgin Islands    100.00
Klode, Inc.(2)    Delaware    100.00
Kristiana International Sales, Inc.(2)    U.S. Virgin Islands    100.00
Logan, Inc.(2)    Delaware    100.00
Lydell, Inc.(2)    Delaware    100.00

 

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NORTHWESTERN MUTUAL CORPORATE STRUCTURE(1)

(as of September 3, 2013)

 

Maroon, Inc.(2)    Delaware    100.00
Mason & Marshall, Inc.(2)    Delaware    100.00
Millbrook Apartments Associates L.L.C.(2)    Virginia    100.00
Mitchell, Inc.(2)    Delaware    100.00
Model Portfolios, LLC(2)    Delaware    100.00
N.M. Albuquerque, Inc.(2)    New Mexico    100.00
Nicolet, Inc.(2)    Delaware    100.00
NM BSA, LLC(2)    Delaware    100.00
NM Cancer Center GP, LLC(2)    Delaware    100.00
NM DFW Lewisville, LLC(2)    Delaware    100.00
NM F/X, LLC(2)    Delaware    100.00
NM GP Holdings, LLC(2)    Delaware    100.00
NM Harrisburg, Inc.(2)    Pennsylvania    100.00
NM Imperial, LLC(2)    Delaware    100.00
NM Investment Holdings, Inc.(2)    Delaware    100.00
NM Lion, LLC(2)    Delaware    100.00
NM Majestic Holdings, LLC(2)    Delaware    100.00
NM Pebble Valley LLC(2)    Delaware    100.00
NM RE Funds, LLC(2)    Delaware    100.00
NM Regal, LLC(2)    Delaware    100.00
NM Twin Creeks GP, LLC(2)    Delaware    100.00
NML Clubs Associated, Inc.(2)    Wisconsin    100.00
NML Development Corporation(2)    Delaware    100.00
NML Real Estate Holdings, LLC(2)    Wisconsin    100.00
NML Securities Holdings, LLC(2)    Wisconsin    100.00
NMRM Holdings, LLC(2)    Delaware    100.00
North Charlotte Avenue Holdings, LLC(2)    Tennessee    100.00
North Van Buren, Inc.(2)    Delaware    100.00
Northwestern Ellis Company(2)    Nova Scotia    100.00
Northwestern Mutual Capital GP II, LLC(2)    Delaware    100.00
Northwestern Mutual Capital GP III, LLC(2)    Delaware    100.00
Northwestern Mutual Capital GP, LLC(2)    Delaware    100.00
Northwestern Mutual Capital Mezzanine Fund II, LP(2)    Delaware    100.00
Northwestern Mutual Capital Mezzanine Fund III, LP(2)    Delaware    100.00
Northwestern Mutual Capital Strategic Equity Fund II, LP(2)    Delaware    100.00
Northwestern Mutual Capital Strategic Equity Fund III, LP(2)    Delaware    100.00
Northwestern Mutual MU TLD Registry, LLC(2)    Delaware    100.00
Northwestern Mutual Registry, LLC(2)    Delaware    100.00
Northwestern Mutual Series Fund, Inc.(4)    Maryland    100.00
NW Pipeline, Inc.(2)    Texas    100.00
NWM MF I Market Track Holdings, LLC (2)    Delaware    100.00
NWM MF II Dental Care Holdings, LLC (2)    Delaware    100.00
NWM SEF I Anadarko Holdings, LLC (2)    Delaware    100.00
NWM SEF I Topaz Holdings, LLC (2)    Delaware    100.00
NWM SEF II BHG Holdings, LLC (2)    Delaware    100.00
NWM SEF II Bronco Holdings, LLC (2)    Delaware    100.00
NWM SEF II El Paso Holdings, LLC (2)    Delaware    100.00
NWM SEF II Encap Holdings, LLC (2)    Delaware    100.00
NWM SEF II M3 Holdings, LLC (2)    Delaware    100.00

 

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NORTHWESTERN MUTUAL CORPORATE STRUCTURE(1)

(as of September 3, 2013)

 

NWM SEF II M4 Holdings, LLC (2)    Delaware    100.00
NWM SEF II PVR Holdings, LLC (2)    Delaware    100.00
NWM SEF II RLG Holdings, LLC (2)    Delaware    100.00
NWM SEF III CVS Holdings, LLC (2)    Delaware    100.00
Olive, Inc.(2)    Delaware    100.00
Osprey Links Golf Course, LLC(2)    Delaware    100.00
Osprey Links, LLC(2)    Delaware    100.00
Park Ridge Corporate Center, LLC(2)    Delaware    100.00
Piedmont Center, 1-4 LLC(2)    Delaware    100.00
Piedmont Center, 15 LLC(2)    Delaware    100.00
Plantation Oaks MHC-NM, LLC(2)    Delaware    100.00
RE Corp.(2)    Delaware    100.00
Regina International Sales, Inc.(2)    U.S. Virgin Islands    100.00
Russet, Inc.(2)    Delaware    100.00
Scotty, LLC(2)    Delaware    100.00
Solar Resources, Inc.(2)    Wisconsin    100.00
Stadium and Arena Management, Inc.(2)    Delaware    100.00
Travers International Sales, Inc.(2)    U.S. Virgin Islands    100.00
Tupelo, Inc.(2)    Delaware    100.00
Two Con Holdings, LLC(2)    Delaware    100.00
Two Con SPE, LLC(2)    Delaware    100.00
Two Con, LLC(2)    Delaware    100.00
Villas of St. Johns L.L.C.(2)    Florida    100.00
Walden OC, LLC(2)    Delaware    100.00
Warren Corporate Center, LLC(2)    Delaware    100.00
West Huron Joint Venture(2)    Washington    100.00
White Oaks, Inc.(2)    Delaware    100.00
Windwood Drive Ann Arbor, LLC(2)    Delaware    100.00

 

(1)

Certain subsidiaries are omitted on the basis that, considered in the aggregate at year end 2012, they did not constitute a significant subsidiary as defined by Regulation S-X. Certain investment partnerships and limited liability companies that hold real estate assets of The Northwestern Mutual Life Insurance Company are not represented. Excluded is the entire corporate structure under Frank Russell Company, which includes registered investment advisers and registered investment companies.

 

(2)

Subsidiary included in the consolidated financial statements.

 

(3)

Subsidiary files separate financial statements.

 

(4)

Growth Stock Portfolio, Focused Appreciation Portfolio, Large Cap Core Stock Portfolio, Large Cap Blend Portfolio, Index 500 Stock Portfolio, Large Company Value Portfolio, Domestic Equity Portfolio, Equity Income Portfolio, Mid Cap Growth Stock Portfolio, Index 400 Stock Portfolio, Mid Cap Value Portfolio, Small Cap Growth Stock Portfolio, Index 600 Stock Portfolio, Small Cap Value Portfolio, International Growth Portfolio, Research International Core Portfolio, International Equity Portfolio, Emerging Markets Equity Portfolio, Money Market Portfolio, Short-Term Bond Portfolio, Select Bond Portfolio, Long-Term U.S. Government Bond Portfolio, Inflation Protection Portfolio, High Yield Bond Portfolio, Multi-Sector Bond Portfolio, Commodities Return Strategy Portfolio, Balanced Portfolio, Asset Allocation Portfolio.

Item 29. Indemnification

(a) That portion of the By-laws of the Depositor, Northwestern Mutual, relating to indemnification of Trustees and officers is set forth in full in Article VII of the By-laws of Northwestern Mutual, amended by resolution and previously filed as Exhibit A(6)(b) to the registration statement of Northwestern Mutual Variable Life Account (File No. 333-59103) on July 15, 1998.

 

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(b) Section 10 of the Distribution Agreement dated May 1, 2006 between Northwestern Mutual and Northwestern Mutual Investment Services, LLC (“NMIS”) provides substantially as follows:

B. Indemnification by Company. The Company agrees to indemnify, defend and hold harmless NMIS, its successors and assigns, and their respective officers, directors, and employees (together referred to as “NMIS Related Persons”), from any and all joint or several losses, claims, damages or liabilities (including any reasonable investigative, legal and other expenses incurred in connection with, and any amounts paid in settlement of, any action, suit or proceeding or any claim asserted), to which NMIS and/or any NMIS Related Persons may become subject, under any law, regulation or NASD rule, at common law or otherwise, that arises out of or are based upon (i) any breach of this Agreement by the Company and (ii) any untrue statement of or omission to state a material fact (except for information supplied by or on behalf of NMIS or for which NMIS is responsible) contained in any Registration Statement, Contract prospectus, SAI or supplement thereto or in any Marketing Material.

This indemnification shall be in addition to any liability that the Company may otherwise have; provided, however, that no person shall be entitled to indemnification pursuant to this provision for any loss, claim, damage or liability due to the willful misfeasance, bad faith or gross negligence or reckless disregard of duty by the person seeking indemnification.

C. Indemnification by NMIS. NMIS agrees to indemnify, defend and hold harmless the Company, its successors and assigns, and their respective officers, trustees or directors, and employees (together referred to as “ Company Related Persons”), from any and all joint or several losses, claims, damages or liabilities (including any reasonable investigative, legal and other expenses incurred in connection with, and any amounts paid in settlement of, any action, suit or proceeding or any claim asserted), to which the Company and/or any Company Related Persons may become subject, under any law, regulation or NASD rule, at common law or otherwise, that arises out of or are based upon (i) any breach of this Agreement by NMIS and (ii) any untrue statement of or omission to state a material fact (except for information supplied by or on behalf of the Company or for which the Company is responsible) contained in any Registration Statement, Contract prospectus, SAI or supplement thereto or in any Marketing Material, in each case to the extent, but only to the extent, that such untrue statement or alleged untrue statement or omission or alleged omission was made in reliance upon information furnished in writing by NMIS to the Company specifically for use in the preparation of the aforesaid material.

This indemnification shall be in addition to any liability that NMIS may otherwise have; provided however, that no person shall be entitled to indemnification pursuant to this provision for any loss, claim, damage or liability due to the willful misfeasance, bad faith or gross negligence or reckless disregard of duty by the person seeking indemnification.

D. Indemnification Generally. Any person seeking indemnification under this section shall promptly notify the indemnifying party in writing after receiving notice of the commencement of any action as to which a claim for indemnification will be made; provided, however, that failure to so notify the indemnifying party shall not relieve such party from any liability which it may have to such person otherwise than on account of this section.

The indemnifying party shall be entitled to participate in the defense of the indemnified person but such participation will not relieve such indemnifying party of the obligation to reimburse the indemnified party for reasonable legal and other expenses incurred by such party in defending himself, herself or itself.

Item 30. Principal Underwriters

(a) NMIS is the principal underwriter of the securities of the Registrant. NMIS is also the principal underwriter for the NML Variable Annuity Account A (811-21887), the NML Variable Annuity Account B (811- 1668), the NML Variable Annuity Account C (811-21886), and the Northwestern Mutual Variable Life Account II (811-21933).

 

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(b) As of September 3, 2013, the directors and officers of NMIS are as follows:

 

Name    Position
Jason T. Anderson    Assistant Treasurer
Pency P. Byhardt    Vice President, Annuity Operations
Michael G. Carter    Director
Michael J. Conmey    Assistant Secretary
Linda C. Donahue    NMIS Anti-Money Laundering (AML) Officer
Bradley L. Eull    Secretary, NMIS
Christina H. Fiasca    President and Chief Executive Officer
Don P. Gehrke    Director, Retail Investment Operations
Timothy J. Gerend    Vice President, Compliance/Best Practices
John M. Grogan    Director, Senior Vice President, Planning and Sales
Thomas C. Guay    Vice President, Field Rewards
Andrew E. Iggens    Assistant Treasurer
Jennifer W. Murphy    Director, NMIS Home Office Supervision/Administration
K. David Nunley    Assistant Treasurer
Jennifer O’Leary    Treasurer and Financial and Operations Principal
Gregory C. Oberland    Director
Travis T. Piotrowski    Vice President, Policyowner Services
Daniel A. Riedl    Vice President, Chief Operating Officer
Beth M. Rodenhuis    Senior Vice President, Agencies Strategy and Services
Calvin R. Schmidt    Director, Senior Vice President, Integrated Operations
Sarah R. Schneider    Vice President, New Business
Todd M. Schoon    Director, Executive Vice President, Agencies
David W. Simbro    Senior Vice President, Life and Annuity Products
Todd W. Smasal    Director, Human Resources
Paul J. Steffen    Vice President, Agencies
David G. Stoeffel    Vice President, Planning and Sales
Kellen A. Thiel    Director, Investment Products
Jeffrey B. Williams    Vice President, NMIS Compliance, and Chief Compliance Officer

The address for each director and officer of NMIS is 611 East Wisconsin Avenue, Milwaukee, Wisconsin 53202.

(c) NMIS, the principal underwriter, received $12,321,208 of commissions and other compensation, directly or indirectly, from Registrant during the last fiscal year.

Item 31. Location of Accounts and Records

All accounts, books or other documents required to be maintained in connection with the Registrant’s operations are maintained in the physical possession of Northwestern Mutual at 720 East Wisconsin Avenue, Milwaukee, Wisconsin 53202.

Item 32. Management Services

There are no management-related service contracts, other than those referred to in Part A or Part B of this Registration Statement, under which management-related services are provided to the Registrant and pursuant to which total payments of $5,000 or more were made during any of the last three fiscal years.

Item 33. Fee Representation

The Northwestern Mutual Life Insurance Company hereby represents that the fees and charges deducted under the variable life insurance policies which are the subject of this registration statement, in the aggregate, are reasonable in relation to the services rendered, the expenses expected to be incurred, and the risks assumed by the insurance company under the policies.

 

C-14


SIGNATURES

Pursuant to the requirements of the Securities Act of 1933, and the Investment Company Act of 1940, the Registrant, Northwestern Mutual Variable Life Account, certifies that it meets all of the requirements for effectiveness of this Amended Registration pursuant to Rule 485(b) under the Securities Act of 1933 and has duly caused this Amended Registration Statement to be signed on its behalf, in the City of Milwaukee, and State of Wisconsin, on the 1st day of October, 2013.

 

     NORTHWESTERN MUTUAL VARIABLE LIFE
         ACCOUNT (Registrant)
          By    THE NORTHWESTERN MUTUAL LIFE
                    INSURANCE COMPANY (Depositor)
Attest:    

/s/ RAYMOND J. MANISTA

     By:   

/s/ JOHN E. SCHLIFSKE

  Raymond J. Manista,         John E. Schlifske,
  General Counsel and Secretary         Chief Executive Officer

Pursuant to the requirements of the Securities Act of 1933, this Amended Registration Statement has been signed by the Depositor on the 1st day of October, 2013.

 

            THE NORTHWESTERN MUTUAL LIFE
            INSURANCE COMPANY (Depositor)

 

Attest:     

/s/ RAYMOND J. MANISTA

    By:   

/s/ JOHN E. SCHLIFSKE

   Raymond J. Manista,        John E. Schlifske,
   General Counsel and Secretary        Chief Executive Officer

Pursuant to the requirements of the Securities Act of 1933, this Amended Registration Statement has been signed below by the following persons in the capacities with the Depositor and on the dates indicated:

 

Signature                           Title   
      Chairman, Trustee and   

/s/ JOHN E. SCHLIFSKE

      Chief Executive Officer;   
John E. Schlifske       Principal Executive Officer   

/s/ MICHAEL G. CARTER

      Chief Financial Officer and   
Michael G. Carter       Principal Financial Officer   

/s/ JOHN C. KELLY

      Vice President and Controller;   
John C. Kelly       Principal Accounting Officer   

 

C-15


/s/ John N. Balboni*

      Trustee   
John N. Balboni         

/s/ David J. Drury*

      Trustee   
David J. Drury         

/s/ Connie K. Duckworth*

      Trustee   
Connie K. Duckworth         

/s/ James P. Hackett*

      Trustee   
James P. Hackett         

/s/ P. Russell Hardin*

      Trustee   
P. Russell Hardin         

/s/ Hans Helmerich*

      Trustee   
Hans Helmerich         

/s/ Dale E. Jones*

      Trustee   
Dale E. Jones         

/s/ Margery Kraus*

      Trustee   
Margery Kraus         

/s/ David J. Lubar*

      Trustee   
David J. Lubar         

/s/ Ulice Payne, Jr.*

      Trustee   
Ulice Payne, Jr.         

/s/ John E. Schlifske*

      Trustee   
John E. Schlifske         

/s/ Mary Ellen Stanek*

      Trustee   
Mary Ellen Stanek         

/s/ Timothy W. Sullivan*

      Trustee   
Timothy W. Sullivan         

/s/ S. Scott Voynich*

      Trustee   
S. Scott Voynich         

/s/ Ralph A. Weber*

      Trustee   
Ralph A. Weber         

/s/ Barry L. Williams*

      Trustee   
Barry L. Williams         

/s/ Benjamin F. Wilson*

      Trustee   
Benjamin F. Wilson         

/s/ Edward J. Zore*

      Trustee   
Edward J. Zore         

 

*By:   /s/ JOHN E. SCHLIFSKE                                        
  John E. Schlifske, Attorney in fact,
  pursuant to the Power of Attorney filed on October 1, 2013.

Each of the signatures is affixed as of October 1, 2013.

 

C-16


EXHIBIT INDEX

EXHIBITS FILED WITH FORM N-6

POST-EFFECTIVE AMENDMENT NO. 25 TO

REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933

FOR

NORTHWESTERN MUTUAL VARIABLE LIFE ACCOUNT

 

Exhibit       

Description

        
(j)(h)        Power of Attorney        Filed herewith
(k)        Opinion and Consent of Raymond J. Manista, Esq. dated October 1, 2013        Filed herewith
(n)        Consent of PricewaterhouseCoopers LLP dated September 30, 2013        Filed herewith

 

C-17