0001193125-18-360448.txt : 20181228 0001193125-18-360448.hdr.sgml : 20181228 20181228105008 ACCESSION NUMBER: 0001193125-18-360448 CONFORMED SUBMISSION TYPE: 497 PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20181228 DATE AS OF CHANGE: 20181228 EFFECTIVENESS DATE: 20181228 FILER: COMPANY DATA: COMPANY CONFORMED NAME: NORTHWESTERN MUTUAL VARIABLE LIFE ACCOUNT CENTRAL INDEX KEY: 0000742277 IRS NUMBER: 390509570 STATE OF INCORPORATION: WI FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 497 SEC ACT: 1933 Act SEC FILE NUMBER: 033-89188 FILM NUMBER: 181256327 BUSINESS ADDRESS: STREET 1: 720 E WISCONSIN AVE CITY: MILWAUKEE STATE: WI ZIP: 53202 BUSINESS PHONE: 4146652508 MAIL ADDRESS: STREET 1: 720 EAST WISCONSIN AVENUE CITY: MILWAUKEE STATE: WI ZIP: 53202 0000742277 S000000058 NORTHWESTERN MUTUAL VARIABLE LIFE ACCOUNT C000031361 Variable CompLife 497 1 d648820d497.htm NML VARIABLE LIFE ACCOUNT (VCL) NML Variable Life Account (VCL)

THE NORTHWESTERN MUTUAL LIFE INSURANCE COMPANY

SUPPLEMENT TO THE PROSPECTUSES (MAY 1, 2018)

 

 

NORTHWESTERN MUTUAL VARIABLE LIFE ACCOUNT

VARIABLE LIFE

VARIABLE COMPLIFE®

VARIABLE JOINT LIFE

VARIABLE EXECUTIVE LIFE

 

 

NORTHWESTERN MUTUAL VARIABLE LIFE ACCOUNT II

CUSTOM VARIABLE UNIVERSAL LIFE

EXECUTIVE VARIABLE UNIVERSAL LIFE

SURVIVORSHIP VARIABLE UNIVERSAL LIFE

 

 

This Supplement amends certain information contained in the Prospectuses referenced above.

In the section titled, “Annual Portfolio Operating Expenses” the following is amended to read as follows:

 

     Minimum     Maximum  

Range of Total Annual Portfolio Operating Expenses (expenses include investment advisory fees, distribution (12b-1) fees, and other expenses as a percentage of average Portfolio assets)

      0.21 %      1.40 % 

Range of Total Annual Portfolio Operating Expenses After Contractual Fee Waiver or Reimbursement*

      0.21 %      1.20 % 

In the section titled, “Charges and Deductions – Monthly Policy Charges and Service Charges” in the Custom Variable, Executive Variable and Survivorship Variable Universal Life; in the section titled “Deductions and Charges – Optional Benefits” in the Variable Life; in the section titled “Deductions and Charges – Expenses of the Portfolios” in the Variable CompLife; in the section titled “Charges and Expenses – Expenses of the Portfolios” in the Variable Executive Life and Variable Joint Life, the second to last sentence in the last paragraph is amended to read as follows:

After taking into account these arrangements and any contractual fee waiver or expense reimbursement arrangements, Annual Portfolio Operating Expenses would have ranged from a minimum of 0.21% to a maximum of 1.20%.

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

This Supplement is dated December 28, 2018.