0001193125-20-294483.txt : 20201116 0001193125-20-294483.hdr.sgml : 20201116 20201116125459 ACCESSION NUMBER: 0001193125-20-294483 CONFORMED SUBMISSION TYPE: 497 PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20201116 DATE AS OF CHANGE: 20201116 EFFECTIVENESS DATE: 20201116 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: 333-36865 FILM NUMBER: 201315055 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 C000031362 Variable Executive Life 497 1 d87238d497.htm NML VARIABLE LIFE ACCOUNT (VEL) NML Variable Life Account (VEL)

THE NORTHWESTERN MUTUAL LIFE INSURANCE COMPANY

SUPPLEMENT TO THE PROSPECTUSES (MAY 1, 2020)

 

 

NORTHWESTERN MUTUAL VARIABLE LIFE ACCOUNT

VARIABLE LIFE

VARIABLE COMPLIFE®

VARIABLE JOINT LIFE

VARIABLE EXECUTIVE LIFE

 

 

NORTHWESTERN MUTUAL VARIABLE LIFE ACCOUNT II

VARIABLE UNIVERSAL LIFE PLUS

EXECUTIVE VARIABLE UNIVERSAL LIFE – II

VARIABLE UNIVERSAL LIFE PLUS – NY

CUSTOM VARIABLE UNIVERSAL LIFE

EXECUTIVE VARIABLE UNIVERSAL LIFE

SURVIVORSHIP VARIABLE UNIVERSAL LIFE

 

 

Effective on or about January 29, 2021, BlackRock Advisors, LLC (“BlackRock”) will begin serving as sub-adviser for the Index 500 Stock Portfolio and any and all references to the sub-adviser shall refer to BlackRock.

Effective on or about January 29, 2021, Northern Trust Investments, Inc. (“Northern Trust”) will begin serving as the sub-adviser for the Index 400 Stock Portfolio and Index 600 Stock Portfolio and any and all references to the sub-adviser shall refer to Northern Trust.

In the section titled, “The Funds – Northwestern Mutual Series Fund, Inc.”, the following table is amended to contain the following information for the Portfolios:

 

Portfolio    Investment Objective    Sub-adviser (if applicable)
Index 500 Portfolio    Investment results that approximate the performance of the Standard & Poor’s 500® Composite Stock Price Index    BlackRock Advisors, LLC
Index 400 Portfolio    Investment results that approximate the performance of the Standard & Poor’s MidCap 400® Stock Price Index    Northern Trust Investments, Inc.
Index 600 Portfolio    Investment results that approximate the performance of the Standard & Poor’s Small Cap 600® Stock Price Index    Northern Trust Investments, Inc.

Please note that some systems and forms may temporarily reference Mason Street Advisors, LLC as the sole investment adviser for these Portfolios.

This Supplement is dated November 16, 2020.