0001193125-24-158106.txt : 20240610 0001193125-24-158106.hdr.sgml : 20240610 20240610120250 ACCESSION NUMBER: 0001193125-24-158106 CONFORMED SUBMISSION TYPE: 497 PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20240610 DATE AS OF CHANGE: 20240610 EFFECTIVENESS DATE: 20240610 FILER: COMPANY DATA: COMPANY CONFORMED NAME: NORTHWESTERN MUTUAL VARIABLE LIFE ACCOUNT CENTRAL INDEX KEY: 0000742277 ORGANIZATION NAME: IRS NUMBER: 390509570 STATE OF INCORPORATION: WI FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 497 SEC ACT: 1933 Act SEC FILE NUMBER: 333-59103 FILM NUMBER: 241031988 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 C000031363 Variable Joint Life 497 1 d829884d497.htm NML VARIABLE LIFE ACCOUNT (VJL) NML Variable Life Account (VJL)
THE NORTHWESTERN MUTUAL LIFE INSURANCE COMPANY
SUPPLEMENT TO THE PROSPECTUSES DATED MAY 1, 2024
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 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. Unless otherwise indicated, all other information included in the Prospectuses remains unchanged and the terms and section headings used 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. Please retain this Supplement for future reference.
Adviser Change for Commodity Return Strategy Portfolio – Class 2
Effective May 1, 2024, UBS Asset Management (Americas) LLC has replaced Credit Suisse Asset Management, LLC as the adviser for the Commodity Return Strategy Portfolio – Class 2. Please note that some systems and forms may temporarily reference the previous adviser for this Portfolio.
Considering these changes, in APPENDIX A—Portfolios Available under Your Policy, the following rows in the table and related footnotes are amended to contain the following information.  
Investment Objective
Portfolio
Adviser/
Sub-adviser (if applicable)
Current Expenses
Average Annual
Total Returns
(as of 12/31/2023)
1 Year
5 Year
10 year
Total return
Commodity Return
Strategy Portfolio – Class
29
UBS Asset Management
(Americas) LLC10
0.78%
-8.90%
N/A
16.48%
 
10
Effective May 1, 2024, Credit Suisse Asset Management, LLC merged into UBS Asset Management (Americas) LLC (“UBS AM (Americas)”) with UBS AM (Americas) as the surviving entity, and UBS AM (Americas) became the investment manager to the Portfolio.
This Supplement is dated June 10, 2024.