0000945094-01-500221.txt : 20011019
0000945094-01-500221.hdr.sgml : 20011019
ACCESSION NUMBER: 0000945094-01-500221
CONFORMED SUBMISSION TYPE: 485BPOS
PUBLIC DOCUMENT COUNT: 2
FILED AS OF DATE: 20011012
EFFECTIVENESS DATE: 20011012
FILER:
COMPANY DATA:
COMPANY CONFORMED NAME: NORTHBROOK VARIABLE ANNUITY ACCOUNT II
CENTRAL INDEX KEY: 0000864922
STANDARD INDUSTRIAL CLASSIFICATION: []
STATE OF INCORPORATION: IL
FISCAL YEAR END: 1231
FILING VALUES:
FORM TYPE: 485BPOS
SEC ACT: 1933 Act
SEC FILE NUMBER: 033-35412
FILM NUMBER: 1758427
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
FILER:
COMPANY DATA:
COMPANY CONFORMED NAME: NORTHBROOK VARIABLE ANNUITY ACCOUNT II
CENTRAL INDEX KEY: 0000864922
STANDARD INDUSTRIAL CLASSIFICATION: []
STATE OF INCORPORATION: IL
FISCAL YEAR END: 1231
FILING VALUES:
FORM TYPE: 485BPOS
SEC ACT: 1940 Act
SEC FILE NUMBER: 811-06116
FILM NUMBER: 1758428
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
facesupppartc.txt
SUPPLEMENT
As filed with the Securities and Exchange Commission on October 12, 2001.
--------------------------------------------------------------------------------
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. 35
AND/OR
REGISTRATION STATEMENT UNDER THE INVESTMENT COMPANY ACT OF 1940
AMENDMENT NO. 43
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 MORGAN STANLEY DW INC.
3100 SANDERS ROAD, SUITE J5B 1585 BROADWAY
NORTHBROOK, ILLINOIS 60062 NEW YORK, NEW YORK 10036
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, 2001 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 amending an optional longevity reward rider ("Rider") currently available
under the Morgan Stanley Variable Annuity II contract (the "Contract") described
in the currently effective prospectus and SAI for that Contract, each dated May
1, 2001, included in the Registration Statement. The new Rider is identical to
the existing Rider, except that the new Rider will be available to an expanded
class of eligible Contract owners. The Amendment is not intended to amend or
delete any part of the Registration Statement, except as specifically noted
herein.
Page 1
Northbrook Life Insurance Company
Northbrook Variable Annuity Account II
Supplement, dated November 1, 2001, to the
Morgan Stanley Variable Annuity II Prospectus
dated May 1, 2001 as Supplemented June 18, 2001
This supplement describes a change to the Longevity Reward Rider ("Rider") now
available to eligible holders of Morgan Stanley Variable Annuity II contracts
("Contracts") offered by Northbrook Life Insurance Company. The Rider has been
amended to expand eligibility for the Rider.
Please keep this supplement for future reference together with your prospectus.
On page 29, the section entitled "Eligibility" is deleted and replaced with the
following:
Eligibility
You may elect the Rider at any time during the Accumulation Phase if on the date
of application for the Rider:
o the Contract owner's initial purchase payment is no longer subject to
a withdrawal charge; and
o the Contract owner's additional purchase payments, if any, would be
subject to total withdrawal charges (assuming a current surrender of
the Contract) equal to an amount not greater than 0.25% of the Current
Contract Value
PART C
OTHER INFORMATION
Part C is hereby amended to include the following exhibits:
Item 24(b). EXHIBITS
4(c) Form of Longevity Reward Rider
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 Registration Statement, as amended, to be signed on its behalf by
the undersigned, thereunto duly authorized, all in the Township of Northbrook,
State of Illinois, on the 12th day of October, 2001.
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 12th day of October, 2001.
*/THOMAS J. WILSON, II Director, President and Chief Executive
---------------------- Officer (Principal 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
*/STEVE SHEBIK Director (Principal Financial Officer)
----------------------
Steve Shebik
*/SAMUEL H. PILCH Vice President and Controller
---------------------- (Principal Accounting Officer)
Samuel H. Pilch
*/ By Michael J. Velotta, pursuant to Power of Attorney.
EXHIBIT LIST
The following exhibits are filed herewith:
------------------------------------------
EXHIBIT NO. DESCRIPTION
(4)(c) Form of Longevity Reward Rider
EX-4
3
rider.txt
RIDER
NORTHBROOK LIFE INSURANCE COMPANY
(herein called "we" or "us")
Longevity Reward Rider
As used in this rider, "Contract" means the Contract or Certificate to which
this rider is attached.
For purposes of this rider, "Rider Date" is the date this rider was issued as
part of your Contract, effective on (XX/XX/XX).
Eligibility This elective rider is available to Contract Owners if: (1) the
initial purchase payment is no longer subject to an early withdrawal charge ,
and (2) on the date of application for this rider, the early withdrawal charge
applicable to a full surrender of the Contract is not greater than 0.25% of the
current Contract Value.
Contract Maintenance Charge The Contract Maintenance Charge of $30 will be
waived for the remainder of the life of the Contract when the Cash Value is
$40,000 or more on or after the Rider Date.
Mortality and Expense Risk Charge The Mortality and Expense Risk Charge
provision of your Contract is modified as follows:
Commencing on the Rider Date, the maximum annualized Mortality and Expense Risk
Charge is decreased by 0.07%.
Options of New Owner The second bullet under the Options of New Owner provision
is replaced with the following:
o If your spouse does not make this election, then the accumulation phase
continues as if the death had not occurred. On the date the Contract is
continued, the Cash Value will equal the amount of the Death Benefit as
determined as of the Valuation Date on which we received Due Proof of Death
(the next Valuation Date, if we received Due Proof of Death after 3 p.m.
Central Time). All ownership rights under the Contract are then available
to your spouse as the new Owner.
Early Withdrawal Charge A new Early Withdrawal Charge is effective on and after
the Rider Date. The Early Withdrawal Charge provision is as follows:
An Early Withdrawal Charge may be applied to a full surrender or partial
withdrawal of total remaining Purchase Payments as of the Rider date, in excess
of the Free Withdrawal Amount. The Early Withdrawal Charge schedule for the
total remaining Purchase Payments as of the Rider Date is as follows:
Maximum
Complete Withdrawal
Years since Charge
Rider Date Percent
----------- ----------
0 3%
1 2%
2 1%
3 or more 0%
If additional Purchase Payments are made after the Rider Date, an Early
Withdrawal Charge may be applied to a full surrender or partial withdrawal of
these additional Purchase Payments. Early Withdrawal Charges will be based on
the ages(s) of the Purchase Payment(s) associated with the withdrawal according
to the following schedule:
Maximum
Complete Years Withdrawal
since Purchase Charge
Payment was made Percent
0 3%
1 2%
2 1%
3 or more 0%
Once all Purchase Payments have been withdrawn, additional withdrawals will not
be assessed an Early Withdrawal charge. The maximum aggregate Early Withdrawal
charge is 3% of your Purchase Payments.
Free Withdrawal Amount A Free Withdrawal Amount will be available in each
Contract Year. This Free Withdrawal Amount may be withdrawn over the course of
the Contract Year without incurring Early Withdrawal Charges. The Free
Withdrawal Amount is 15% of the amount of Purchase Payments as of the Rider Date
or the most recent Contract Anniversary, whichever is later. As with all
withdrawals, the Free Withdrawal Amount will be assumed to come from the oldest
remaining Purchase Payments first. Free Withdrawal Amounts not withdrawn in a
Contract Year are not carried over to increase the Free Withdrawal Amount in a
subsequent Contract Year.
Except as amended in this rider, the Contract remains unchanged.
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Secretary Chairman and Chief
Executive Officer
NLU946