497 1 d796716d497.htm NML VARIABLE LIFE ACCOUNT II (SVUL) NML Variable Life Account II (SVUL)
THE NORTHWESTERN MUTUAL LIFE INSURANCE COMPANY
PROSPECTUSES DATED MAY 1, 2023
NORTHWESTERN MUTUAL VARIABLE LIFE ACCOUNT II

VARIABLE UNIVERSAL LIFE PLUS
EXECUTIVE VARIABLE UNIVERSAL LIFE—II
VARIABLE UNIVERSAL LIFE PLUS—NY
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 and retain it for future reference. Unless otherwise indicated, all other information included in the Prospectuses remains unchanged. The terms and section headings we use 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.
Effective March 1, 2024, Appendix A – Portfolios Available under Your Policy is amended to reflect the following information for the Fidelity® VIP Mid Cap Portfolio – Initial Class, and the Fidelity® VIP Contrafund® Portfolio – Initial Class, respectively, to reflect a restatement of the funds’ current expenses:  
Investment
Objective
Portfolio and Adviser/
Sub-adviser (if applicable)
Current
Expenses
Average Annual
Total Returns
(as of 12/31/2022)
 
 
1 Year
5 Year
10 Year
Long-term growth of
capital
Fidelity® VIP Mid Cap
Portfolio – Initial Class5
Fidelity Management &
Research Company LLC
(FMR)6
0.57%
-14.74%
5.95%
9.96%
Long-term capital
appreciation
Fidelity® VIP Contrafund®
Portfolio – Initial Class5
FMR6
0.56%
-26.31%
8.66%
11.43%
Please retain this Supplement for future reference.
This Supplement is dated March 7, 2024 .