0001193125-22-067044.txt : 20220307 0001193125-22-067044.hdr.sgml : 20220307 20220307075752 ACCESSION NUMBER: 0001193125-22-067044 CONFORMED SUBMISSION TYPE: 497 PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20220307 DATE AS OF CHANGE: 20220307 EFFECTIVENESS DATE: 20220307 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: 22716295 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 d303780d497.htm NML VARIABLE LIFE ACCOUNT (VEL) NML Variable Life Account (VEL)
THE NORTHWESTERN MUTUAL LIFE INSURANCE COMPANY
PROSPECTUSES DATED MAY 1, 2021
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
This Supplement updates certain information in the most recent prospectuses, initial summary prospectuses and updating summary prospectuses, as applicable, for the above-referenced variable life policies and any supplements to the prospectuses, initial summary prospectuses and updating summary prospectuses (together the “Prospectuses”). You should read this Supplement in conjunction with your Prospectuses and retain it for future reference. Unless otherwise indicated, all other information included in the Prospectuses remain unchanged. The terms and section headings we use in this Supplement have the same meaning as in the Prospectuses. We will send you another copy of any prospectus or supplements without charge upon request.
On or about March 7, 2022 T. Rowe Price Investment Management, Inc. will replace T. Rowe Price Associates, Inc. as the sub-adviser for the Small Cap Value Portfolio and any and all references to the sub-adviser shall refer to T. Rowe Price Investment Management, Inc. Please note that with respect to this change, some systems and forms may temporarily reference the previous sub-adviser for the Portfolio.
In light of these changes, in APPENDIX A—Portfolios Available under Your Policy, the following row in the table is amended to contain the above information.  
Investment Objective
Portfolio
Adviser/
Sub-adviser (if applicable)
Current Expenses
Average Annual
Total Returns
(as of 12/31/2020)
1 Year
5 Year
10 year
Long-term growth of
capital
Small Cap Value
Portfolio2
MSA/
T. Rowe Price Investment
Management, Inc.
0.95%
9.29%
12.16%
9.78%
This Supplement is dated March 7, 2022.