THE NORTHWESTERN MUTUAL LIFE INSURANCE
COMPANY
SUPPLEMENT TO THE PROSPECTUS DATED MAY 1, 2024
NORTHWESTERN MUTUAL VARIABLE LIFE ACCOUNT
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 states of
California, New York, and Texas, under “Fee and Expense Tables” section, in the table titled “Periodic Charges (Other than Portfolio Operating Expenses),” under the sub-header row titled “Monthly Policy Charge-Cost of Insurance
Charge” the “Current Charge” for the Monthly Policy Charge
– Administrative Charge, is amended to reflect the following
change. This change will become effective on or about March 1, 2025, in the states/jurisdictions of California, New York, and Texas.
|
|
Maximum Guaranteed Charge |
|
Monthly Policy Charge—Cost of Insurance Charge2 |
Monthly Policy Charge— Administrative Charge |
Monthly, on each
Monthly Processing Date |
$15 (monthly) for the first
Policy Year; $10 (monthly)
thereafter |
|
This Supplement is dated October 28,
2024.