N-30B-2 1 d478868dn30b2.htm NORTHWESTERN MUTUAL VARIABLE LIFE ACCOUNTS Northwestern Mutual Variable Life Accounts

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September 7, 2022

VIA EDGAR

Securities and Exchange Commission

Division of Investment Management

100 F Street, NE

Washington, DC 20549

 

RE:    Northwestern Mutual Life Account, EDGAR CIK No. 0000742277, File No. 811-3989
   Northwestern Mutual Life Account II, EDGAR CIK No. 0001359314, File No. 811-21933

Dear Sir or Madam:

On behalf of Northwestern Mutual Life Insurance Company and Northwestern Mutual Variable Life Account and Account II, (“Registrants” or the “Accounts”) we hereby submit, pursuant to Rule 30b2-1 under the Investment Company Act of 1940 (the “1940 Act”), that the Accounts’ annual report for the period ending June 30, 2022 has been transmitted to policy owners as required by Rule 30e-2 under the 1940 Act.

The following annual reports were filed with the Commission via EDGAR on the date indicated below and are incorporated herein by reference:

 

Underlying Investment Company   CIK No.   Date Filed   Registration No.

Northwestern Mutual Series Fund, Inc.

    0000742212       09/01/2022     811-03990

Fidelity VIP Mid Cap Portfolio

  0000927384     08/19/2022     811-07205

Fidelity VIP Contrafund Portfolio

  0000831016     08/19/2022     811-05511

Neuberger Berman Sustainable Equity Portfolio

  0000736913     08/23/2022     811-04255

Russell Investment Funds

  0000824036     08/12/2022     811-05371

Credit Suisse Trust Commodity Return Strategy Portfolio

  0000941568     08/16/2022     811-07261

Some of the investment companies above (or series thereof) may not be available under every policy offered by a Registrant.

This filing will also include any other materials required to be filed, if any. Please direct any questions or comments regarding this filing to the undersigned at 414-665-3789.

Sincerely,

/s/ Todd Jones

Todd Jones

Vice President & Controller


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How to get more information

Information on the Internet: NorthwesternMutual.com

To obtain current performance information and information about Northwestern Mutual, visit us on our website. You can also visit us at our customer service section from our website for information on policy values and current fund performance. This site also allows you to view past confirmation and policy statements, as well as transfer funds online. To sign up for this service please call 1-866-424-2609 between 7:00 a.m. – 6:00 p.m. Central Time Monday – Friday. Your Northwestern Mutual Financial Representative is also available to answer any questions you have about your variable life insurance policy or any of our products.

For inforce policy service on Variable CompLife and Variable Whole Life, please call 1-866-424-2609, between 7:00 a.m. – 6:00 p.m. Central Time Monday – Friday.

For inforce policy service on Variable Executive Life, Variable Joint Life, Custom Variable Universal Life, Executive Variable Universal Life, Survivorship Variable Universal Life, and Variable Universal Life Plus, please call 1-866-464-3800, between 7:00 a.m. – 5:00 p.m. Central Time Monday – Friday.

 


Contents

 

Northwestern Mutual Series Fund, Inc. - Semi-Annual Report

     241 pages  

Fidelity® VIP Mid Cap Portfolio - Semi-Annual Report

     32 pages  

(This report follows the end of the Northwestern Mutual Series Fund, Inc.)

  

Fidelity® VIP Contrafund® Portfolio - Semi-Annual Report

     32 pages  

(This report follows the end of the Fidelity® VIP Mid Cap Portfolio)

  

Neuberger Berman AMT Sustainable Equity
Portfolio - Semi-Annual Report

     24 pages  

(This report follows the end of the Fidelity® VIP Contrafund® Portfolio)

  

Russell Investment Funds - Semi-Annual Report

     176 pages  

(This report follows the end of the Neuberger Berman AMT Sustainable Equity Portfolio)

  

Russell Investment Funds - LifePoints® Variable Target Portfolio Series - Semi-Annual Report

     74 pages  

(This report follows the end of the Russell Investment Funds)

  

Credit Suisse Trust Commodity Return Strategy
Portfolio - Semi-Annual Report

     42 pages  

(This report follows the end of the Russell Investment Funds - LifePoints® Variable Target Portfolio Series)

  

 

The performance data quoted represents past performance. Past performance is historical and does not guarantee future performance. Investment return and principal value will fluctuate, so that shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. For the most recent month-end performance information visit www.northwesternmutual.com.


 

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PRSRT BPM

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PAID

NORTHWESTERN

MUTUAL

 

PO BOX 3095

MILWAUKEE WI 53201-3095

  

This booklet contains information about the Northwestern Mutual variable insurance products and the variable investment options identified on the front cover. The variable investment options correspond with the investment divisions available under the variable insurance product (“Product”). The information is prepared for Product owners and does not represent an offer of the Product, nor should it be used in connection with any offer, except when accompanied or preceded by the current Product prospectus or summary prospectus and the variable investment option prospectuses or summary prospectuses, which contain detailed information about variable investment option investment objectives and operations, applicable fees, expenses and sales charges. Prospectuses or summary prospectuses may be obtained by visiting www.nmprospectus.com or calling the telephone number listed on the inside of the front cover. You should read and carefully consider this information before you invest or send money. The variable investment option reports are prepared from the books and records of the options. Discussions of investment performance in the reports represent the views of the options’ portfolio managers as of the dates of the reports. They are not guarantees of investment results, nor should they be relied upon as investment advice or indications of current or future trading strategies of the portfolio managers. Portfolio manager views and security holdings are subject to change at any time.

NMIS is a member of Financial Industry Regulatory Authority (FINRA) and in accordance with the Investor Education and Protection Rule, we are providing our clients information regarding FINRA BrokerCheck, a free resource available to investors. An investor brochure describing FINRA BrokerCheck may be obtained online from FINRA’s website at FINRA.org or by contacting the FINRA BrokerCheck Help Line at 800-289-9999.

Northwestern Mutual is the marketing name for The Northwestern Mutual Life Insurance Company (NM), Milwaukee, WI (life and disability insurance, annuities, and life insurance with long-term care benefits) and its subsidiaries. Northwestern Long Term Care Insurance Company, Milwaukee, WI (long-term care insurance) is a subsidiary of NM.

Product Distributor: Northwestern Mutual Investment Services, LLC (NMIS),

720 East Wisconsin Avenue, Milwaukee, WI 53202-4797, 1-866-664-7737, member FINRA and SIPC.

NorthwesternMutual.com

90-1899 (0786) (REV 0822)