POS EX 1 d380485dposex.htm NORTHWESTERN MUTUAL VARIABLE LIFE ACCOUNT (VEL) NORTHWESTERN MUTUAL VARIABLE LIFE ACCOUNT (VEL)

Registration No. 333-36865

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. 31    / X /
    and/or   
    REGISTRATION STATEMENT UNDER THE INVESTMENT   
    COMPANY ACT OF 1940    /     /
    Amendment No. 78    / 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, Senior Vice President, 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 and Assistant Secretary

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 immediately upon filing pursuant to Rule 462(d).


EXPLANATORY NOTE

This Post-Effective Amendment No. 31 to the Registration Statement on Form N-6 (File No. 333-36865) is being filed pursuant to Rule 462(d) under the Securities Act of 1933, as amended (the “Securities Act”), solely for the purpose of filing Exhibit (q) to such Registration Statement, which was inadvertently omitted in Post-Effective Amendment No. 30 to the Registration Statement filed on April 28, 2017. Accordingly, this Post-Effective Amendment No. 31 consists only of a facing page, this explanatory note, Part C of the Registration Statement on Form N-6, and Exhibit (q) to Item 26 of Part C. This Post-Effective Amendment No. 31 does not change the form of the Prospectuses and Statement of Additional Information relating to Post-Effective Amendment No. 30 filed electronically on April 28, 2017 with the Securities and Exchange Commission (the “SEC”), which are hereby incorporated by reference herein.


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)(1)   

Flexible Premium Variable Life Insurance Policy, RR.VEL. (0398), including Policy amendments

 

Form of Notice of short-term cancellation right

   Exhibits A(5)(a), A(5)(b), and A(5)(c) to Form S-6 Post-Effective Amendment No. 6 for Northwestern Mutual Variable Life Account, File No. 333-36865, filed May 31, 2001
(d)(2)    Variable Life Insurance Policy, RR.VEL, Flexible Premium, including Amendment to Flexible Premium Variable Life (sex-neutral)    Exhibit A(5)(a) to Form S-6 Registration Statement for Northwestern Mutual Variable Life Account, File No. 333-36865, filed October 1, 1997
(d)(3)    Variable Life Insurance Policy, RR.VEL, Flexible Premium, including Amendment to Flexible Premium Variable Life (sex-distinct)    Exhibit A(5)(b) to Form S-6 Registration Statement for Northwestern Mutual Variable Life Account, File No. 333-36865, filed October 1, 1997
(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. 11 for Northwestern Mutual Variable Life Account, File No. 333-36865, 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)    Amended By-Laws of The Northwestern Mutual Life Insurance Company dated December 4, 2002    Exhibit (f) to Form N-6 Post-Effective Amendment No. 8 for Northwestern Mutual Variable Life Account, File No. 333-36865, filed February 28, 2003
(g)    Form of Reinsurance Agreement    Exhibit (g) to Form N-6 Post-Effective Amendment No. 8 for Northwestern Mutual Variable Life Account, File No. 333-36865, field 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

 

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(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
(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)(c)(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)(c)(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

 

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(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    Exhibit (j)(g) to Form N-6 Post-Effective Amendment No. 29, for Northwestern Mutual Variable Life Account, File No. 333-36865, filed on February 17, 2017
(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 April 28, 2017    Exhibit (k) to Form N-6 Post-Effective Amendment No. 30, for Northwestern Mutual Variable Life Account, File No. 333-36865, filed on April 28, 2017
(l)    Not Applicable     
(m)    Not Applicable     
(n)    Consent of PricewaterhouseCoopers LLP dated April 27, 2017    Exhibit (n) to Form N-6 Post-Effective Amendment No. 30, for Northwestern Mutual Variable Life Account, File No. 333-36865, filed on April 28, 2017
(o)    Not Applicable     
(p)    Not Applicable     
(q)    Memorandum Describing Issuance, Transfer and Redemption Procedures    Filed herewith

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.

 

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TRUSTEES  –  As of February 1, 2017

 

    Name    Address
  John N. Balboni   

Senior Vice President & CIO

International Paper

6400 Poplar Avenue

Memphis, TN 38197

  Nicholas E. Brathwaite   

Founding Partner

Riverwood Capital

70 Willow Road, Suite 100

Menlo Park, CA 94025

  David J. Drury   

Owner and CEO

Poblocki Sign Company LLC

922 South 70th Street

Milwaukee, WI 53214

  Connie K. Duckworth   

President & Chairman of the Board

ARZU

77 Stone Gate Lane

Lake Forest, IL 60045

  James P. Hackett   

President & 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

  David J. Lubar   

President

Lubar & Co.

700 N. Water Street

Suite 1200

Milwaukee, WI 53202

  Anne M. Paradis   

CEO

MicroTek, Inc.

2070 Westover Road

Chicopee, MA 01022

  Ulice Payne, Jr.   

President & CEO

Addison-Clifton, LLC

13555 Bishops Court

Suite 245

Brookfield, WI 53005

  John E. Schlifske   

Chairman & CEO

Northwestern Mutual

720 E. Wisconsin Avenue

Milwaukee, WI 53202

 

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  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

  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

  Benjamin F. Wilson   

Managing Principal

Beveridge & Diamond, P.C.

1350 I Street, NW

Suite 700

Washington, DC 20005

EXECUTIVE OFFICERS   –  As of February 1, 2017

 

John E. Schlifske    Chairman of the Board & Chief Executive Officer
Leslie Barbi    Senior Vice President (Public Investments)
Rebekah B. Barsch    Vice President (Planning and Sales)
Blaise C. Beaulier    Vice President (Enterprise Projects & Support)
Sandra L. Botcher    Vice President (Campus & Event Experiences)
Michael G. Carter    Executive Vice President & Chief Financial Officer
Eric P. Christophersen    Vice President (Strategic Philanthropy & Community Relations)
Sheldon I. Cuffie    Vice President & Chief Information Security Officer
Joann M. Eisenhart    Senior Vice President (Human Resources)
Timothy J. Gerend    Senior Vice President (Distribution Growth & Development)
Kimberley Goode    Vice President (Communications & Corporate Affairs)
Karl G. Gouverneur    Vice President & Chief Technology Officer
John M. Grogan    Senior Vice President (Insurance and Investment Products)
Thomas C. Guay    Vice President (Risk Selection Strategy)
Meg E. Jansky    Vice President – Field Integration
Ronald P. Joelson    Executive Vice President & Chief Investment Officer
Todd Jones    Vice President & Controller
Jeffrey J. Lueken    Senior Vice President (Private Securities)
Stephanie A. Lyons    Vice President – Enterprise Risk Assurance
Raymond J. Manista    Senior Vice President, General Counsel & Secretary
John W. McTigue    Chief Distribution Advisor
Christian W. Mitchell    Vice President (Wealth Management)
Gregory C. Oberland    President
Rebecca L. Porter    Vice President (Corporate Strategy)
Steven M. Radke    Vice President (Government Relations)
David R. Remstad    Senior Vice President & Chief Actuary
Bethany M. Rodenhuis    Senior Vice President (Distribution Strategy and Finance)
Tammy M. Roou    Vice President & Chief Risk Officer
Timothy G. Schaefer    Executive Vice President (Client & Digital Experience)
Calvin R. Schmidt    Senior Vice President (Integrated Customer Operations)
Sarah R. Schneider    Vice President (New Business)
Sarah E. Schott    Vice President (Enterprise Compliance)
David W. Simbro    Senior Vice President (Life & Annuity Product)
Steve P. Sperka    Vice President (Field Rewards)
David G. Stoeffel    Vice President (Wealth Platform & Partners)
Steven J. Stribling    Vice President (Disability Income)

 

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Alexa Von Tobel    Vice President (Client Experience)
Kamilah D. Williams-Kemp    Vice President (Long Term Care)
Conrad C. York    Vice President (Marketing)
Thomas D. Zale    Vice President (Real Estate)
Todd O. Zinkgraf    Vice President (Enterprise Solutions)

OTHER OFFICERS – As of December 1, 2016

 

   

Employee

 

  

Title

 

      
Gregory A. Gurlik    Senior Actuary
James R. Lodermeier    VP-Actuary
Ted A. Matchulat    Director-Product Compliance
Chris G. Trost    VP-Corporate Actuary
Paul W. Skalecki    VP-Actuary
         
Mark J. Gmach    Regional VP
Laila V. Hick    VP-Agency Development
Jason R. Handal    Regional VP
Arthur J. Mees    Regional VP
Timothy Nelson    Regional VP
Michael E. Pritzl    VP-Managing Director Relations
John C. Roberts    VP-Targeted Office Support
      
Anne A. Frigo    Director-Insurance Product Compliance
Ricky J. Frank    Director-Systems
Robert J. Johnson    Director-Compliance
Gregory S. Leslie    Director-Variable Product Compliance
Randy M. Pavlick    VP-Managed Investments Compliance
Jeffrey P. Schloemer    Director-Compliance
Rebecca Villegas    Director-Compliance
      
Kevin J. Abitz    Director-Corporate Reporting
Lisa M. Belli-Fuchs    Director-Reporting & Systems Administration
Barbara E. Courtney    Director-Mutual Fund Accounting
Michelle A. Hinze    Director-Accounting Operations
Todd C. Kuzminski    Director-Investment Accounting
K. David 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
      
David A. Eurich    Director-Field Training
Joanne M. Migliaccio    Director-Contract, License & Registration
Sarah L. N. Koenig    Director-Horizontal Growth
Cindy S. Prater    Director-Practice Management
      
Arleen J. Llewellyn    Director-FR Engagement & Selection
Paul J. Steffen    VP-Agency Development
      
Michael R. Fasciotti    Director-Field Real Estate
Richard P. Snyder    Director-Field Compensation
      
Brenda J. Antkowski    Director-Field Integration
Paula B. Asen    Director-Field Integration

 

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Employee

 

  

Title

 

Kevin J. Konopa    Director-Field Integration
      
Karen A. Molloy    VP-Treasurer
Deborah A. Schultz    VP-Financial Management
      
Pency P. Byhardt    Vice President-Annuity Operations
Don P. Gehrke    Director-Retail Investment Operations
Dennis P. Goyette    Director-Annuity Customer Service
Linda A. Schaefer    Director-Document Shared Services
Lori A. Torner    Director-Retail Investment Operations
      
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
Lisa A. Cadotte    VP-Investment Risk Management
      
Thomas K. Anderson    Asst. General Counsel & Asst. Secretary
Mark J. Backe    VP-Insurance & Operations Counsel & Asst. Secretary
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
Michael J. Conmey    Asst. General Counsel & Asst. Secretary
Mark S. Diestelmeier    Asst. General Counsel & Asst. Secretary
John E. Dunn    VP & Investment Products & Services 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
John D. Gatmaitan    Asst. General Counsel & Asst. Secretary
Sheila M. Gavin    Asst. General Counsel & Asst. Secretary
Chris K. Gawart    VP & Tax Counsel & Asst. Secretary
Katherine T. Hartman    Asst. General Counsel & Asst. Secretary
Matthew D. Heinke    Asst. General Counsel & Asst. Secretary
David B. Kennedy    Asst. General Counsel & Asst. Secretary
Steven J. LaFore    Asst. General Counsel & Asst. Secretary
Lisa A. Leister    Asst. General Counsel & Asst. Secretary
Kim W. Lunn    Asst. General Counsel & Asst. Secretary
Michael J. Mazza    Asst. General Counsel & Asst. Secretary
Andrew J. McLean    Asst. General Counsel & Asst. Secretary
Lesli H. McLinden    Asst. General Counsel & Asst. Secretary
Christopher J. Menting    Assoc. General Counsel-Enterprise Governance & 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
Rodd Schneider    VP & Litigation and Distribution 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
Michael W. Zielinski    Asst. General Counsel & Asst. Secretary
      
Gregory A. Jaeck    Director-Annuity & Income Markets
Jason T. Klawonn    VP-Advanced Markets
William Brian Henning    Director-Competitive Intelligence
Jane Ann Schiltz    Director-LP Planning & Project Support
Steven J. Stribling    VP-Life Product Development

 

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Employee

 

  

Title

 

      
Thomas R. Anderson    Director-Advanced Planning
Candace M. Damon    Director-Strategic Productivity
Angela M. DiCastri    Director-Retirement Markets
Ruthann M. Driscoll    Director-Advanced Planning
Kenneth P. Elbert    Director-Advanced Planning
Matthew K. Fleming    Director-Planning & Investments Support
Stephen J. Frankl    Director-Planning & Sales
William F. Grady, IV    Director-Advanced Planning
Terence J. Holahan    Director-Planning & Sales Education & Development
Emily J. Holbrook    Director-Young Personal Market
Patrick J. Horning    Director-Advanced Planning
William R. Hughes    Director-Advanced Planning
Martha M. Kendler    Director-Closely Held Business Market
Amy Kiiskila    Director-Advanced Planning
Shawn P. Mauser    Director-Network Office Productivity
John E. Muth    Director-Advanced Planning
Elizabeth Ridley    VP-Market Strategy & Training
Andrew J. Smalley    Director-Sales Promotion & Integration
Michael C. Soyka    Director-Planning & Sales
William H. Taylor    VP-Financial Planning & Sales Support
Janine L. Wagner    Director-Planning & Insurance Support
Stephanie Wilcox    Director-Planning & Sales Admin/Integration
Brian D. Wilson    VP-National Sales
      
Peter T. Petersen    VP-Client & Digital Experience
      
Jeffrey B. Williams    VP-NMIS and WMC Chief Compliance Officer
      
James LeMere    Director-Policyowner Services
Travis T. Piotrowski    VP-Policyowner Services
Sandra K. Scott    Director-Life Benefits
Carol A. Stilwell    Director-Policyowner Services
Gina Tolzman    Director-Policyowner Services
      
Mark J. McLennon    VP-IPS Business Development

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 February 1, 2017 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. (the “Funds”), shown below as a subsidiary of Northwestern Mutual, is an investment company, registered under the Investment Company Act of 1940, offering shares to the separate accounts identified above; and the shares of the Funds held in connection 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.

 

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NORTHWESTERN MUTUAL CORPORATE STRUCTURE(1)

(as of February 1, 2017)

 

 
Legal Entity Name    Domestic Jurisdiction            Owner %      

Operating Subsidiaries

                 

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 Management Company, LLC(2)

     Delaware        100.00  

Northwestern Mutual Investment Services, LLC(2)

     Wisconsin        100.00  

Northwestern Mutual Wealth Management Company(2)

     United States        100.00  

LearnVest Inc.(2)

     Delaware        100.00  

LearnVest Planning Services, LLC(2)

     Delaware        100.00  
                   

All Other Subsidiaries

                 

1838938 Alberta Ltd.

     Canada        100.00  

31 Ogden, LLC(2)

     Delaware        100.00  

3412 Exchange, LLC(2)

     Delaware        100.00  

777 North Van Buren Apartments, LLC(2)

     Delaware        100.00  

777 North Van Buren Condominium Association, Inc.(2)

     Delaware        100.00  

777 North Van Buren Parking, LLC(2)

     Delaware        100.00  

777 North Van Buren Retail, LLC(2)

     Delaware        100.00  

AFE Brentwood Park, LLC(2)

     Delaware        100.00  

Amber, LLC(2)

     Delaware        100.00  

AMLI at Perimeter Gardens, LLC(2)

     Delaware        100.00  

Arbor Lake Village Apartments Limited Liability Company(2)

     Delaware        100.00  

Artisan Garden Apartments, LLC(2)

     Delaware        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  

Bradford II SPE, Inc.(2)

     Delaware        100.00  

Bradford Master Association Inc.(2)

     North Carolina        100.00  

Burgundy, LLC(2)

     Delaware        100.00  

C – Land Fund, LLC(2)

     Delaware        100.00  

Chateau, LLC(2)

     Delaware        100.00  

Chelsea Ventures, LLC(2)

     Maryland        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  

CWS Lemmon Resources, LP(2)

     Delaware        100.00  

Dortmund, LLC(2)

     Delaware        100.00  

Fairfield West Deer Park LLC(2)

     Delaware        100.00  

FB #2, LLC(2)

     Maryland        100.00  

GRO, LLC(2)

     Delaware        100.00  

GRO-SUB, LLC(2)

     Delaware        100.00  

Hamptons PBG, L.P.(2)

     Delaware        100.00  

Hazel, Inc.(2)

     Delaware        100.00  

Higgins, Inc.(2)

     Delaware        100.00  

Hobby, Inc.(2)

     Delaware        100.00  

Hollenberg 1, Inc.(2)

     Delaware        100.00  

 

C-9


NORTHWESTERN MUTUAL CORPORATE STRUCTURE(1)

(as of February 1, 2017)

 

Juleen, LLC(2)

   Delaware        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

Maroon, Inc.(2)

   Delaware    100.00

Mason & Marshall, Inc.(2)

   Delaware    100.00

Millbrook Apartments Associates L.L.C.(2)

   Virginia    100.00

Model Portfolios, LLC(2)

   Delaware    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 Gen, 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, LLC.(2)

   Delaware    100.00

NM Lion, LLC(2)

   Delaware    100.00

NM Majestic Holdings, LLC(2)

   Delaware    100.00

NM Neptune, LLC(2)

   Delaware    100.00

NM Pebble Valley LLC(2)

   Delaware    100.00

NM Planning, 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

NM-Hemlock, LLC(2)

   Delaware    100.00

NM-Pulse, LLC(2)

   Delaware    100.00

NM-Skye, 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 Van Buren, Inc.(2)

   Delaware    100.00

Northwestern Ellis Company(2)

   Nova Scotia    100.00

Northwestern Mutual Capital GP, LLC(2)

   Delaware    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 IV, 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 Mezzanine Fund IV, 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 Capital Strategic Equity Fund IV, 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.(3)

   Maryland    100.00

NorthWoods Phase I, LLC

   Delaware    100.00

NWM ZOM GP, LLC(2)

   Delaware    100.00

 

C-10


NORTHWESTERN MUTUAL CORPORATE STRUCTURE(1)

(as of February 1, 2017)

 

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

Promenade at Clifton 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

Tapestry Condominium Owners Association, Inc. (2)

   Tennessee    100.00

Trade Street Associates I, LLC(2)

   Delaware    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

Ventura Lakes MHC-NM, LLC(2)

   Delaware    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 2016, 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.

 

(2) Subsidiary included in the consolidated financial statements.

 

(3) Northwestern Mutual Series Fund, Inc. consists of 27 series of capital stock, each a separate investment portfolio (the “Portfolios”). The Portfolios consist of: 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, Government 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, 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.

 

C-11


(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).

 

C-12


(b) As of February 1, 2017, the directors and officers of NMIS are as follows:

 

Name    Position
Rebekah B. Barsch    Vice President, Planning and Sales
Pency P. Byhardt    Vice President, Annuity Operations
Michael G. Carter    NMIS Board Director
Linda C. Donahue    NMIS Anti-Money Laundering (AML) Officer
Bradley L. Eull    Secretary
Don P. Gehrke    Director, Retail Investment Operations
Timothy J. Gerend    NMIS Board Director and Senior Vice President, Distribution Growth and Development
John M. Grogan    NMIS Board Director and Senior Vice President, Insurance and Investment Products
David P. Harley    Director, Investment Services
Ronald P. Joelson    NMIS Board Director
Jennifer W. Murphy    Director, NMIS Home Office Supervision/Administration
Jeffrey J. Niehaus    Director – Strategy Planning and Partnerships
Gregory C. Oberland    Executive Officer, Distribution Growth and Development, Sales and Marketing
Jennifer O’Leary    Treasurer and Financial and Operations Principal
Travis T. Piotrowski    Vice President, Policyowner Services
Daniel A. Riedl    Vice President, Chief Operating Officer
Bethany M. Rodenhuis    Senior Vice President, Distribution Strategy and Finance
Calvin R. Schmidt    NMIS Board Director and Senior Vice President, Integrated Operations
Sarah R. Schneider    Vice President, New Business
Sarah E. Schott    Vice President, Enterprise Compliance
David W. Simbro    Senior Vice President, Life and Annuity Product
Todd W. Smasal    Director, Human Resources
David G. Stoeffel    NMIS Board Director, President and Chief Executive Officer
Susan Limbach    Assistant Treasurer
Kellen A. Thiel    Director, Investment Products
Jeffrey B. Williams    Vice President, NMIS Compliance, and Chief Compliance Officer
Brian D. Wilson    Vice President, National Sales
Terry Young    Assistant Secretary

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

(c) NMIS, the principal underwriter, received $3,053,234 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-13


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, has duly caused this Amended Registration Statement to be signed on its behalf, in the City of Milwaukee, and State of Wisconsin, on the 25th day of July, 2017.

 

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,

 

Senior Vice President, General Counsel and Secretary

   

Chairman and Chief Executive Officer

Pursuant to the requirements of the Securities Act of 1933, this Amendment to the Registration Statement has been signed by the Depositor on the 25th day of July, 2017.

 

 

THE NORTHWESTERN MUTUAL LIFE

INSURANCE COMPANY (Depositor)

 

Attest:

 

/s/ RAYMOND J. MANISTA

 

By:

 

/s/ JOHN E. SCHLIFSKE

 

Raymond J. Manista,

   

John E. Schlifske,

 

Senior Vice President, General Counsel and Secretary

   

Chairman and 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
     Executive Vice President and

/s/ MICHAEL G. CARTER

     Chief Financial Officer;

Michael G. Carter    

     Principal Financial Officer

/s/ TODD JONES

     Vice President and Controller;

Todd Jones

     Principal Accounting Officer

 

C-14


/s/ John N. Balboni*

     Trustee
John N. Balboni     

/s/ Nicholas E. Brathwaite*

     Trustee
Nicholas E. Brathwaite     

/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/ David J. Lubar*

     Trustee
David J. Lubar     

/s/ Anne M. Paradis*

     Trustee
Anne M. Paradis     

/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/ S. Scott Voynich*

     Trustee
S. Scott Voynich     

/s/ Ralph A. Weber*

     Trustee
Ralph A. Weber     

/s/ Benjamin F. Wilson*

     Trustee
Benjamin F. Wilson     

 

*By:

   

/s/ JOHN E. SCHLIFSKE

   

John E. Schlifske, Attorney in fact,

   

pursuant to the Power of Attorney filed February 17, 2017.

Each of the signatures is affixed as of July 25, 2017.

 

C-15


EXHIBIT INDEX

EXHIBITS FILED WITH FORM N-6

POST-EFFECTIVE AMENDMENT NO. 31 TO

REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933

FOR

NORTHWESTERN MUTUAL VARIABLE LIFE ACCOUNT

 

Exhibit           

Description

        
(q)        Memorandum Describing Issuance, Transfer and Redemption Procedures       

Filed herewith    

 

C-16