THE NORTHWESTERN MUTUAL LIFE INSURANCE
COMPANY
SUPPLEMENT TO THE PROSPECTUS DATED MAY 1, 2024
NORTHWESTERN MUTUAL VARIABLE LIFE ACCOUNT II
CUSTOM VARIABLE UNIVERSAL LIFE
This Supplement updates certain information in the most recent prospectus and updating summary prospectus, as
applicable, for the above-referenced variable life policy and any supplements to the prospectus and updating summary prospectus (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 prospectuses or supplements without charge upon request. Please retain this Supplement for future reference.
Sub-Adviser Change for Mid Cap Growth
Stock Portfolio
Effective October 28, 2024, J.P. Morgan
Investment Management, Inc. has replaced Wellington Management Company LLP as the sub-adviser for the Mid Cap Growth Stock Portfolio. Please note that with respect to this
change, some systems and forms may temporarily reference the previous sub-adviser for this Portfolio.
In light of these changes, in APPENDIX A—Portfolios Available under Your Contract, the following rows in the table are amended to contain the following information.
|
|
Adviser/ Sub-adviser (if applicable) |
|
Average Annual
Total Returns
(as of 12/31/2023) |
|
|
|
Long-term growth of
capital |
Mid Cap Growth Stock Portfolio2
|
MSA/J.P. Morgan Investment
Management, Inc. |
|
|
|
|
Update to Periodic Charges (Other than Portfolio Operating Expenses)
Effective January 1, 2025, in all states/jurisdictions other than the state of New
York, under “Fee and Expense Tables” section, in the table titled “Periodic Charges (Other than Portfolio Operating
Expenses),” under the sub-header row titled “Administrative Charge” the “Current
Charge” for the Maximum Charge, Minimum Charge, and Charge for Insured Issue Age 41, Premier Non-Tobacco underwriting classification in the fifth Policy Year, are amended to reflect the following changes:
|
|
|
|
|
Guaranteed Maximum Charge |
|
|
Monthly, on each
Monthly Processing Date |
|
|
|
|
$41 (monthly) for Policy
Years 1-10; $16 (monthly) for
Policy Years 11 and above |
$28 (monthly) for Policy Years 1-10; $9
(monthly) for Policy Years 11 and above |
|
|
$13 (monthly) for Policy
Years 1-10; $9 (monthly) for
Policy Years 11 and above |
$10 (monthly) for Policy Years 1-10; $7
(monthly) for Policy Years 11 and above |
Charge for Insured Issue
Age 41, Premier Non-
Tobacco underwriting classification in the fifth Policy Year |
|
$23 (monthly) for Policy
Years 1-10; $9 (monthly) for
Policy Years 11 and above |
$16 (monthly) for Policy Years 1-10; $7 (monthly) for Policy Years 11 and above |
This Supplement is dated October 28,
2024.