Prospectus supplement dated June 1, 2016
to the following prospectus(es):
BOA FPVUL, BOA Next Generation FPVUL, BOA ChoiceLife FPVUL,
BOA Next Generation II FPVUL, NLIC Options Plus, and NLIC Options Premier prospectus dated May 1, 2016
BOA Last Survivorship II, BOA ChoiceLife Survivorship, BOA
ChoiceLife Survivorship II, Next Generation Survivorship Life, BOA Protection Survivorship Life, and BOA ChoiceLife Protection prospectuses dated May 1, 2009
BOA MSPVL, BOA MSPVL II (BOA MSPVL Future), BOA Protection
FPVUL, BOA ChoiceLife Protection FPVUL, Survivor Options Premier (NLIC), Survivor Options Elite (NLIC), Survivor Options Premier (NLAIC), and Options Premier (NLAIC) prospectuses dated May 1, 2008
| This
supplement updates certain information contained in your prospectus. Please read it and keep it with your prospectus for future reference. |
Putnam Investment Management, LLC, the Putnam Variable Trust -
Putnam VT Voyager Fund: Class IB's ("VT Voyager Fund") investment manager, has recommended, and the VT Voyager Fund’s Board of Trustees has approved, the merger of Putnam VT Voyager Fund into Putnam Variable Trust - Putnam VT Growth
Opportunities Fund: Class IB ("VT Growth Opportunities Fund"). In the merger, all of the assets of VT Voyager Fund will be transferred to VT Growth Opportunities Fund in exchange for shares of VT Growth Opportunities Fund and VT Growth Opportunities
Fund will also assume all of the liabilities of VT Voyager Fund. The merger is expected to occur at the close of business July 15, 2016.
As a result, the following will occur to the policy:
| •
|
Effective July 14, 2016, the
VT Voyager Fund will no longer be available to receive transfers or new purchase payments. |
| •
|
Effective July 14, 2016, the
VT Growth Opportunities Fund is added as an investment option under the policy. The VT Growth Opportunities Fund will be walled-off on the same date that it is added to the policy, and therefore will only be available to policies for which
applications are received before July 14, 2016. |
| •
|
After the
close of business July 15, 2016, any allocations to the VT Voyager Fund are transferred to the VT Growth Opportunities Fund and all references in the prospectus to the VT Voyager Fund are deleted and replaced with the VT Growth Opportunities Fund.
|
The policy owner may request to
transfer out of the VT Voyager Fund to another available investment option under the policy prior to the merger by contacting the Service Center. This transfer will be free of any charges and will not count toward any specified transfer limits
within the policy.
Accordingly, the following changes
apply to your prospectus:
| (1)
|
Effective July 14, 2016, Appendix A: Underlying Mutual Funds is amended to include the following: |
Putnam Variable Trust - Putnam VT Growth
Opportunities Fund: Class IB
This
underlying mutual fund is only available in policies for which good order applications were received before July 14, 2016
| Investment
Adviser: |
Putnam
Investment Management, LLC |
| Investment
Objective: |
The
fund seeks capital appreciation. |