THE NORTHWESTERN MUTUAL LIFE INSURANCE
COMPANY
SUPPLEMENT TO THE PROSPECTUS DATED MAY 1, 2024
NORTHWESTERN MUTUAL VARIABLE LIFE ACCOUNT II
EXECUTIVE 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.
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|
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 51, Guaranteed Issue underwriting classification in the sixth Policy Year, are amended to reflect the following changes:
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|
|
|
Guaranteed Maximum Charge |
|
|
Monthly, on each
Monthly Processing Date |
|
|
|
|
|
|
|
|
|
|
Charge for Insured Issue
Age 51, Guaranteed Issue underwriting
classification in the sixth
Policy Year |
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|
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This Supplement is dated October 28,
2024.