497 1 d813032d497.htm NML VARIABLE LIFE ACCOUNT (VEL) NML Variable Life Account (VEL)

THE NORTHWESTERN MUTUAL LIFE INSURANCE COMPANY

SUPPLEMENT TO THE PROSPECTUSES (MAY 1, 2019)

 

 

NORTHWESTERN MUTUAL VARIABLE LIFE ACCOUNT

VARIABLE LIFE

VARIABLE COMPLIFE®

VARIABLE JOINT LIFE

VARIABLE EXECUTIVE LIFE

 

 

Effective on or about November 14, 2019, T. Rowe Price Associates, Inc. will replace Mellon Investments Corporation as sub-adviser for the Growth Stock Portfolio and any and all references to the sub-adviser shall refer to T. Rowe Price Associates, Inc. In the section titled, “The Funds – Northwestern Mutual Series Fund, Inc.”, the following table is amended to contain the following information for the Growth Stock Portfolio:

 

Portfolio    Investment Objective    Sub-adviser (if applicable)

Growth Stock Portfolio

   Long-term growth of capital; current income is a secondary objective    T. Rowe Price Associates, Inc.

This Supplement is dated September 27, 2019.