-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, QndxWxbGUxBk9g865Dtzst+ZlJCNghNXxs/MH23MHlKaW+JKmzsxux0ApfE/LVCf EWg/5C2fWDFF0tzroJm5SA== /in/edgar/work/20001103/0000945094-00-000421/0000945094-00-000421.txt : 20001106 0000945094-00-000421.hdr.sgml : 20001106 ACCESSION NUMBER: 0000945094-00-000421 CONFORMED SUBMISSION TYPE: 485BPOS PUBLIC DOCUMENT COUNT: 2 FILED AS OF DATE: 20001103 EFFECTIVENESS DATE: 20001103 FILER: COMPANY DATA: COMPANY CONFORMED NAME: NORTHBROOK VARIABLE ANNUITY ACCOUNT II CENTRAL INDEX KEY: 0000864922 STANDARD INDUSTRIAL CLASSIFICATION: [0000 ] STATE OF INCORPORATION: IL FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 485BPOS SEC ACT: SEC FILE NUMBER: 033-35412 FILM NUMBER: 752185 FILING VALUES: FORM TYPE: 485BPOS SEC ACT: SEC FILE NUMBER: 811-06116 FILM NUMBER: 752186 BUSINESS ADDRESS: STREET 1: 3100 SANDERS RD STREET 2: C/O NORTHBROOK LIFE INSURANCE CO CITY: NORTHBROOK STATE: IL ZIP: 60062 BUSINESS PHONE: 8474022400 MAIL ADDRESS: STREET 1: 3100 SANDERS RD CITY: NORTHBROOK STATE: IL ZIP: 60062 485BPOS 1 0001.txt INFORMATION PORTFOLIO As filed with the Securities and Exchange Commission on November 3, 2000. - -------------------------------------------------------------------------------- File Nos. 033-35412 811-06116 SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM N-4 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 POST-EFFECTIVE AMENDMENT NO. 30 AND/OR REGISTRATION STATEMENT UNDER THE INVESTMENT COMPANY ACT OF 1940 AMENDMENT NO. 37 NORTHBROOK VARIABLE ANNUITY ACCOUNT II (Exact Name of Registrant) NORTHBROOK LIFE INSURANCE COMPANY (Name of Depositor) MICHAEL J. VELOTTA VICE PRESIDENT, SECRETARY AND GENERAL COUNSEL NORTHBROOK LIFE INSURANCE COMPANY 3100 SANDERS ROAD NORTHBROOK, ILLINOIS 60062 847/402-2400 (Name and Complete Address of Agent for Service) COPIES TO: CHARLES M. SMITH, JR., ESQUIRE DANIEL J. FITZPATRICK, ESQUIRE NORTHBROOK LIFE INSURANCE COMPANY DEAN WITTER REYNOLDS INC. 3100 SANDERS ROAD, SUITE J5B TWO WORLD TRADE CENTER NORTHBROOK, ILLINOIS 60062 NEW YORK, NEW YORK 10048 APPROXIMATE DATE OF PROPOSED PUBLIC OFFERING: CONTINUOUS IT IS PROPOSED THAT THIS FILING WILL BECOME EFFECTIVE (CHECK APPROPRIATE BOX) __ immediately upon filing pursuant to paragraph (b) of Rule 485 _X on November 6, 2000 pursuant to paragraph (b) of Rule 485 _ 60 days after filing pursuant to paragraph (a)(1) of Rule 485 __ on (date) pursuant to paragraph (a)(1) of Rule 485 IF APPROPRIATE, CHECK THE FOLLOWING BOX: [__] This post-effective amendment designates a new effective date for a previously filed post-effective amendment. TITLE OF SECURITIES BEING REGISTERED: Units of Interest in the Northbrook Variable Annuity Account II under Deferred Variable Annuity Contracts. Explanatory Note Registrant is filing this post-effective amendment ("Amendment") for the purpose of adding a new variable sub-account that will be available under the deferred variable annuity contracts described in the registration statement and to make additional nonmaterial changes to the registration statement. The Amendment is not intended to amend or delete any part of the registration statement, except as specifically noted herein. Northbrook Life Insurance Company Northbrook Variable Annuity Account II Supplement, dated November 6, 2000, to the Morgan Stanley Dean Witter Variable Annuity 3 Prospectus dated May 2, 2000 Morgan Stanley Dean Witter Variable Annuity 3 AssetManager Prospectus dated September 12, 2000 This supplement amends the above-referenced prospectuses for the Morgan Stanley Dean Witter Variable Annuity 3 Contracts ("VA 3 Contracts") and Morgan Stanley Dean Witter Variable Annuity 3 Asset Manager Contracts ("Asset Manager Contracts"), offered by Northbrook Life Insurance Company, to add a new Variable Sub-Account and to make additional nonmaterial changes. Please keep this supplement for future reference together with your prospectus. Cover page: Replace the second paragraph with the following: (VA 3 Contracts) The Contract offers 36 investment alternatives ("investment alternatives"). The investment alternatives include 4 fixed account options ("Fixed Account Options") and 32 variable sub-accounts ("Variable Sub-Accounts") of the Northbrook Variable Annuity Account II ("Variable Account"). Each Variable Sub-Account invests exclusively in shares of portfolios ("Portfolios") of the following mutual funds ("Funds"): Change all references throughout the prospectus to the availability of "31" Variable Sub-Accounts to "32" Variable Sub-Accounts, and "35" investment alternatives to "36" investment alternatives. (AssetManager Contracts) The Contract offers 35 investment alternatives ("investment alternatives"). The investment alternatives include 3 fixed account options ("Fixed Account Options") and 32 variable sub-accounts ("Variable Sub-Accounts") of the Northbrook Variable Annuity Account II ("Variable Account"). Each Variable Sub-Account invests exclusively in shares of portfolios ("Portfolios") of the following mutual funds ("Funds"): Change all references throughout the prospectus to the availability of "31" Variable Sub-Accounts to "32" Variable Sub-Accounts, and "34" investment alternatives to "35" investment alternatives. Page 8: Insert the following to the chart describing Fund Annual Expenses under the Section "Morgan Stanley Dean Witter Variable Investment Series (Class Y Shares)":
----------------------------------------------- ----------------------- ---------------- -------------- -------------------- Management Fees 12b-1 Fees Other Total Annual Portfolio --------------- ---------- Expenses Portfolio Expenses ----------------------------------------------- ----------------------- ---------------- -------------- -------------------- ----------------------------------------------- ----------------------- ---------------- -------------- -------------------- Information 0.75% 0.25% 0.0232% 1.0232% ----------------------------------------------- ----------------------- ---------------- -------------- --------------------
Page 8: Replace the first sentence of footnote (1) to the chart describing "Fund Annual Expenses" with the following: Figures shown in the table are for the year ended December 31, 1999, unless otherwise noted. Figures for the Information Portfolio, which commenced operations on November 6, 2000, are based on estimates for the Portfolio's current fiscal year. Page 9: Insert the following as footnote (8): Prior to November 6, 2000, the Information Portfolio had not commenced operations. Morgan Stanley Dean Witter Advisors Inc. has agreed to assume all operating expenses (except for brokerage and 12b-1 fees) and waive the compensation provided in its management agreement with the Fund until such time as the Portfolio has $50 million in net assets or until April 5, 2001, whichever occurs first. Page 10 (for VA3 Contracts): Insert the following to Example 1:
-------------------------------------------- -------------- -------------- --------------- ---------------- Variable Sub-Account 1 Year 3 Years 5 Years 10 Years --------------------- ------ ------- ------- -------- -------------------------------------------- -------------- -------------- --------------- ---------------- -------------------------------------------- -------------- -------------- --------------- ---------------- Information $72 $124 $170 $323 -------------------------------------------- -------------- -------------- --------------- ---------------- Page 11 (for VA3 Contracts): Insert the following to Example 2: -------------------------------------------- -------------- -------------- --------------- ---------------- Variable Sub-Account 1 Year 3 Years 5 Years 10 Years -------------------- ------ ------- ------- -------- -------------------------------------------- -------------- -------------- --------------- ---------------- -------------------------------------------- -------------- -------------- --------------- ---------------- Information $29 $90 $153 $323 -------------------------------------------- -------------- -------------- --------------- ----------------
Page 10 (for AssetManager Contracts): Insert the following to Example 1:
-------------------------------------------- -------------- -------------- --------------- ---------------- Variable Sub-Account 1 Year 3 Years 5 Years 10 Years --------------------- ------ ------- ------- -------- -------------------------------------------- -------------- -------------- --------------- ---------------- -------------------------------------------- -------------- -------------- --------------- ---------------- Information $31 $95 $161 $338 -------------------------------------------- -------------- -------------- --------------- ---------------- Page 11 (for AssetManager Contracts): Insert the following to Example 2: -------------------------------------------- -------------- -------------- --------------- ---------------- Variable Sub-Account 1 Year 3 Years 5 Years 10 Years -------------------- ------ ------- ------- -------- -------------------------------------------- -------------- -------------- --------------- ---------------- -------------------------------------------- -------------- -------------- --------------- ---------------- Information $31 $95 $161 $338 -------------------------------------------- -------------- -------------- --------------- ---------------- Page 17 (p. 16 for AssetManager Contracts): Insert the following to the table describing the "investment objective" of each Fund to be included in the section titled "Morgan Stanley Dean Witter Variable Investment Series": -------------------------------------------------- --------------------------------------------------------- Portfolio: Each Portfolio Seeks: -------------------------------------------------- --------------------------------------------------------- -------------------------------------------------- --------------------------------------------------------- Information Portfolio Long-term capital appreciation -------------------------------------------------- ---------------------------------------------------------
Northbrook Life Insurance Company Northbrook Variable Annuity Account II Supplement, dated November 6, 2000, to the Morgan Stanley Dean Witter Variable Annuity 3 Statement of Additional Information dated May 2, 2000 Morgan Stanley Dean Witter Variable Annuity 3 AssetManager Statement of Additional Information dated September 12, 2000 This supplement amends certain disclosure contained in the above-referenced Statements of Additional Information ("SAI") for the Morgan Stanley Dean Witter Variable Annuity 3 ("VA 3 Contracts") and Morgan Stanley Variable Annuity 3 AssetManager Contracts ("AssetManager Contracts"), offered by Northbrook Life Insurance Company, to add one new Variable Sub-Account. In the section entitled "Standardized Total Returns," the last sentence in the fifth paragraph is deleted and replaced with the following: No standardized total returns are shown for the Variable Sub-Accounts marked with an asterisk (*) below which commenced operations on: January 31, 2000; May 1, 2000; or November 6, 2000, as indicated below. In the table entitled "Variable Sub-Account Inception Dates" and following the Variable Sub-Account Aggressive Equity, insert: Variable Sub-Account Date Information* November 6, 2000 In the section entitled "Non-Standardized Total Returns," the last sentence in the sixth paragraph is deleted and replaced with the following: In addition, no standardized total returns are shown for the Variable Sub-Accounts which commenced operations on: January 31, 2000; May 1, 2000; and November 6, 2000, respectively. Insert the following to the tables describing Variable Sub-Account performance for each category of performance shown under Standardized total Returns and under Non-Standardized Total Returns:
Variable Sub-Account One Year Five Years 10 Years or - -------------------- -------- ---------- Since Inception --------------- MSDW Information N/A N/A N/A
In the first table in the section entitled "Adjusted Historical Returns" and following the Variable Sub-Account Aggressive Equity, insert: Variable Sub-Account Inception Date of -------------------- Corresponding Portfolio ----------------------- Information* November 6, 2000 Insert the following to the tables describing Variable Sub-Account performance for each category of performance shown under Adjusted Historical Returns:
Variable Sub-Account One Year Five Years 10 Years or - -------------------- -------- ---------- Since Inception ---------------- MSDW Information N/A N/A N/A
Northbrook Life Insurance Company Northbrook Variable Annuity Account II Supplement, dated November 6, 2000, to the Morgan Stanley Dean Witter Variable Annuity II Prospectus dated May 2, 2000 Morgan Stanley Dean Witter Variable Annuity II AssetManager Prospectus dated May 2, 2000 This supplement amends the above-referenced prospectuses for the Morgan Stanley Dean Witter Variable Annuity II Contracts ("VA II Contracts") and Morgan Stanley Dean Witter Variable Annuity II Asset Manager Contracts ("Asset Manager Contracts"), offered by Northbrook Life Insurance Company, to add a new Variable Sub-Account, the Information Portfolio, and to make additional nonmaterial changes. Please keep this supplement for future reference together with your prospectus. Cover page: Replace the second paragraph with the following: (VA II Contracts) The Contract offers 36 investment alternatives ("investment alternatives"). The investment alternatives include 4 fixed account options ("Fixed Account Options") and 32 variable sub-accounts ("Variable Sub-Accounts") of the Northbrook Variable Annuity Account II ("Variable Account"). Each Variable Sub-Account invests exclusively in shares of portfolios ("Portfolios") of the following mutual funds ("Funds"): Change all references throughout the prospectus to the availability of "31" Variable Sub-Accounts to "32" Variable Sub-Accounts, and "35" investment alternatives to "36" investment alternatives. (AssetManager Contracts) The Contract offers 25 investment alternatives ("investment alternatives"). The investment alternatives include 3 fixed account options ("Fixed Account Options") and 22 variable sub-accounts ("Variable Sub-Accounts") of the Northbrook Variable Annuity Account II ("Variable Account"). Each Variable Sub-Account invests exclusively in shares of portfolios ("Portfolios") of the following mutual funds ("Funds"): Change all references throughout the prospectus to the availability of "21" Variable Sub-Accounts to "22" Variable Sub-Accounts, and "24" investment alternatives to "25" investment alternatives. Page 8: Insert the following to the chart describing Fund Annual Expenses under the Section "Morgan Stanley Dean Witter Variable Investment Series":
----------------------------------------------- ----------------------- ---------------- -------------- -------------------- Portfolio Management Fees 12b-1 Fees Other Total Annual Expenses Portfolio Expenses ----------------------------------------------- ----------------------- ---------------- -------------- -------------------- ----------------------------------------------- ----------------------- ---------------- -------------- -------------------- Information 0.75% -- 0.0232% 0.7732% ----------------------------------------------- ----------------------- ---------------- -------------- --------------------
Page 8: Replace the first sentence of footnote (1) to the chart describing "Fund Annual Expenses" with the following: Figures shown in the table are for the year ended December 31, 1999, unless otherwise noted. Figures for the Information Portfolio, which commenced operations on November 6, 2000, are based on estimates for the Portfolio's current fiscal year. Page 9: Insert the following as footnote (6) for VA II Contracts and footnote (5) for AssetManager Contracts: Prior to November 6, 2000, the Information Portfolio had not commenced operations. Morgan Stanley Dean Witter Advisors Inc. has agreed to assume all operating expenses (except for brokerage fees) and waive the compensation provided in its management agreement with the Fund until such time as the Portfolio has $50 million in net assets or until April 5, 2001, whichever occurs first. Page 10: Insert the following to Example 1:
-------------------------------------------- -------------- -------------- --------------- ---------------- Variable Sub-Account 1 Year 3 Years 5 Years 10 Years -------------------- ------ ------- ------- -------- -------------------------------------------- -------------- -------------- --------------- ---------------- -------------------------------------------- -------------- -------------- --------------- ---------------- Information $67 $102 $139 $277 -------------------------------------------- -------------- -------------- --------------- ---------------- Page 11: Insert the following to Example 2: -------------------------------------------- -------------- -------------- --------------- ---------------- Variable Sub-Account 1 Year 3 Years 5 Years 10 Years -------------------- ------ ------- ------- -------- -------------------------------------------- -------------- -------------- --------------- ---------------- -------------------------------------------- -------------- -------------- --------------- ---------------- Information $25 $76 $130 $277 -------------------------------------------- -------------- -------------- --------------- ----------------
Page 9: (for AssetManager Contracts) Insert the following to Example 1:
-------------------------------------------- -------------- -------------- --------------- ---------------- Variable Sub-Account 1 Year 3 Years 5 Years 10 Years -------------------- ------ ------- ------- -------- -------------------------------------------- -------------- -------------- --------------- ---------------- -------------------------------------------- -------------- -------------- --------------- ---------------- Information $27 $83 $142 $301 -------------------------------------------- -------------- -------------- --------------- ---------------- Page 10:(for AssetManager Contracts) Insert the following to Example 2: -------------------------------------------- -------------- -------------- --------------- ---------------- Variable Sub-Account 1 Year 3 Years 5 Years 10 Years -------------------- ------ ------- ------- -------- -------------------------------------------- -------------- -------------- --------------- ---------------- -------------------------------------------- -------------- -------------- --------------- ---------------- Information $27 $83 $142 $301 -------------------------------------------- -------------- -------------- --------------- ---------------- Page 16 (p. 15 for AssetManager Contracts): Insert the following to the table describing the "investment objective" of each Fund to be included in the Section titled "Morgan Stanley Dean Witter Variable Investment Series": -------------------------------------------------- --------------------------------------------------------- Portfolio: Each Portfolio Seeks: -------------------------------------------------- --------------------------------------------------------- -------------------------------------------------- --------------------------------------------------------- Information Portfolio Long-term capital appreciation -------------------------------------------------- --------------------------------------------------------- Appendix A: Insert "and the Information Sub-Account which commenced operations on November 6, 2000." at the end of the footnote (*) on page A-2.
Northbrook Life Insurance Company Northbrook Variable Annuity Account II Supplement, dated November 6, 2000, to the Morgan Stanley Dean Witter Variable Annuity II Morgan Stanley Dean Witter Variable Annuity II AssetManager Statement of Additional Information dated May 2, 2000 This supplement amends certain disclosure contained in the above-referenced Statement of Additional Information ("SAI") for the Morgan Stanley Dean Witter Variable Annuity II and Morgan Stanley Variable Annuity II Asset Manager Contracts (the "Contracts"), offered by Northbrook Life Insurance Company, to add one new Variable Sub-Account. In the last paragraph of the section entitled "Standardized Total Returns," add the following sentence: The Information Sub-Account commenced operations on November 6, 2000. In the section entitled "Non-Standardized Total Returns," add the following sentence to the sixth paragraph: No standardized total returns are shown for the Information Variable Sub-Account which commenced operations on November 6, 2000. Insert the following to the tables describing Variable Sub-Account performance for each category of performance shown under Standardized Total Returns and under Non-Standardized Total Returns:
Variable Sub-Account One Year Five Years 10 Years or - -------------------- -------- ---------- Since Inception ------------------- Information N/A N/A N/A
In the first table in the section entitled "Adjusted Historical Returns" and following the Variable Sub-Account Aggressive Equity, insert: Variable Sub-Account Inception Date of Corresponding Portfolio -------------------- ----------------------------------------- Information November 6, 2000 Insert the following to the tables describing Variable Sub-Account performance for each category of performance shown under Adjusted Historical Returns:
Variable Sub-Account One Year Five Years 10 Years or - -------------------- -------- ---------- Since Inception --------------- Information N/A N/A N/A
PART C OTHER INFORMATION Part C is hereby amended to include the following exhibits: Item 24(b) Exhibits: (9) Opinion of Michael J. Velotta, Vice President, Secretary and General Counsel of Allstate Life Insurance Company SIGNATURES As required by the Securities Act of 1933 and the Investment Company Act of 1940, the Registrant certifies that it meets the requirements of Securities Act Rule 485(b) for effectiveness of this Amended Registration Statement and has caused this Amended Registration Statement to be signed on its behalf by the undersigned, thereunto duly authorized, all in the Township of Northfield, State of Illinois, on the 1st day of November, 2000. NORTHBROOK VARIABLE ANNUITY ACCOUNT II (REGISTRANT) BY: NORTHBROOK LIFE INSURANCE COMPANY (DEPOSITOR) By: /s/MICHAEL J. VELOTTA -------------------------- Michael J. Velotta Vice President, Secretary and General Counsel As required by the Securities Act of 1933, this Registration Statement, as amended, has been duly signed below by the following Directors and Officers of Northbrook Life Insurance Company on the 1st day of November, 2000.
*/THOMAS J. WILSON, II Director, President and Chief Executive - ---------------------- Officer Thomas J. Wilson, II /s/ MICHAEL J. VELOTTA Director, Vice President, Secretary and - ---------------------- General Counsel Michael J. Velotta */MARGARET G. DYER Director - ---------------------- Margaret G. Dyer */ MARLA G. FRIEDMAN Director and Vice President - ---------------------- Marla G. Friedman */JOHN C. LOUNDS Director - ---------------------- John C. Lounds */J. KEVIN McCARTHY Director - ---------------------- J. Kevin McCarthy */STEVEN C. VERNEY Director - ---------------------- Steven C. Verney */SAMUEL H. PILCH Vice President and Controller - ---------------------- Samuel H. Pilch */CASEY J. SYLLA Chief Investment Officer - ---------------------- Casey J. Sylla
*/ By Michael J. Velotta, pursuant to Power of Attorney, filed in Registrant's Registration Statement (File no. 333-43086). EX-9 2 0002.txt OPINION AND CONSENT OF GENERAL COUNSEL NORTHBROOK LIFE INSURANCE COMPANY LAW AND REGULATION DEPARTMENT 3100 Sanders Road, J5B Northbrook, Illinois 60062 Direct Dial Number 847-402-2400 Facsimile 847-402-4371 Michael J. Velotta Senior Vice President, Secretary and General Counsel November 3, 2000 TO: NORTHBROOK LIFE INSURANCE COMPANY NORTHBROOK, ILLINOIS 60062 FROM: MICHAEL J. VELOTTA SENIOR VICE PRESIDENT, SECRETARY AND GENERAL COUNSEL RE: FORM N-4 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 AND THE INVESTMENT COMPANY ACT OF 1940 FILES NOS. 333-35412 and 811-06116 With reference to the above mentioned Registration Statement on Form N-4 ("Registration Statement") filed by Northbrook Life Insurance Company ("the Company"), as depositor, and Northbrook Variable Annuity Account II, as registrant, with the Securities and Exchange Commission described therein, I have examined such documents and such law as I have considered necessary and appropriate, and on the basis of such examination, it is my opinion that as of November 3, 2000: 1. The Company is duly organized and existing under the laws of the State of Illinois and has been duly authorized to do business by the Director of Insurance of the State of Illinois. 2. The securities registered by the Registration Statement when issued will be valid, legal and binding obligations of the Company. I hereby consent to the filing of this opinion as an exhibit to the Registration Statement and to the use of my name under the caption "Legal Matters" in the Prospectuses constituting a part of the Registration Statement. Sincerely, /s/ Michael J. Velotta ---------------------------- Michael J. Velotta Senior Vice President, Secretary and General Counsel -----END PRIVACY-ENHANCED MESSAGE-----