497 1 d780307d497.htm NML VARIABLE LIFE ACCOUNT (VCL) NML Variable Life Account (VCL)

THE NORTHWESTERN MUTUAL LIFE INSURANCE COMPANY

 

 

NORTHWESTERN MUTUAL VARIABLE LIFE ACCOUNT

SUPPLEMENT TO THE PROSPECTUSES

VARIABLE LIFE (DATED MAY 1, 2014)

VARIABLE COMPLIFE® (DATED MAY 1, 2014)

VARIABLE JOINT LIFE (DATED MAY 1, 2014)

VARIABLE EXECUTIVE LIFE (DATED MAY 1, 2014)

 

 

NORTHWESTERN MUTUAL VARIABLE LIFE ACCOUNT II

SUPPLEMENT TO THE PROSPECTUSES

CUSTOM VARIABLE UNIVERSAL LIFE (DATED MAY 1, 2014)

EXECUTIVE VARIABLE UNIVERSAL LIFE (DATED MAY 1, 2014)

SURVIVORSHIP VARIABLE UNIVERSAL LIFE (DATED MAY 1, 2014)

 

 

This Supplement amends certain information contained in the Prospectuses referenced above dated May 1, 2014.

Effective October 31, 2014, in the section titled, “The Funds – Northwestern Mutual Series Fund, Inc.”, the table is amended to contain the following information for the Money Market, Short-Term Bond, Select Bond, and High Yield Bond Portfolios:

 

Portfolio    Investment Objective    Sub-adviser (if applicable)

Money Market Portfolio

 

  

Maximum current income to the extent consistent with liquidity and stability of capital(1)

 

  

BlackRock Advisors, LLC

 

Short-Term Bond Portfolio

 

  

To provide as high a level of current income as is consistent with prudent investment risk

 

  

T. Rowe Price Associates, Inc.

 

Select Bond Portfolio

 

  

To provide as high a level of total return as is consistent with prudent investment risk; a secondary objective is to seek preservation of shareholders’ capital

 

  

Wells Capital Management, Inc.

 

High Yield Bond Portfolio

 

  

High current income and capital appreciation(2)

 

  

Federated Investment Management Company

 

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

This Supplement is dated August 29, 2014.