|
Minimum |
Maximum |
0.21% |
2.21% | |
Annual Portfolio Operating Expenses After Contractual
Fee Waiver or Reimbursement* |
0.20% |
2.16% |
|
FEES AND EXPENSES |
Cross-Reference(s)
to Location in
Prospectus | ||
Charges for Early
Withdrawals |
Withdrawals are subject to a $25 service charge (currently waived) for each
withdrawal request. |
Fee and Expense
Tables – Transaction
Fees (Withdrawal
Fee) | ||
Transaction Charges |
In addition to withdrawal charges, you may also be charged for other
transactions, such as certain tax-related charges, a front-end
sales load, charges for transferring between investment options,
requesting more than one
Amount, as well as charges for expedited delivery or wire
transfers. |
Fee and Expense
Tables – Transaction
Fees | ||
Ongoing Fees and
Expenses
(annual charges) |
In addition to the charges above, investment in the
Policy is subject to ongoing
fees and expenses, including fees covering the cost of insurance and optional
benefits available under the
Policy. These fees are based on information as of
December 31, 2023, may change from year to year, and are generally based on
characteristics of the
insured (e.g., age, sex and rating classification). You
should review your
Policy specifications page for specific rates applicable under
your
Policy. You bear the expenses associated with the
Portfolios available under your
Policy
, the range for which is shown in the following table: |
Fee and Expense
Tables – Periodic
Charges (Other than
Portfolio Operating
Expenses) Fee and Expense
Tables – Annual
Portfolio Operating
Expenses | ||
Annual Fee |
Minimum* |
Maximum* | ||
Investment Options
(Portfolio company fees and expenses) |
0.21% |
2.21% | ||
* As a percentage of Portfolio
assets. | ||||
|
RISKS |
| ||
Risk of Loss |
You can lose money by investing in the
Policy, including loss of principal. |
Risks of the Policy –
Investment Risk and
The Funds |
|
RISKS |
Cross-Reference(s)
to Location in
Prospectus | ||
Not a Short-Term
Investment |
Risks of the Policy –
Policy for Long-Term
Protection | |||
Risks Associated
with Investment
Options |
Investment in the
Policy is subject to the risk of poor investment performance
and can vary depending on the performance of the investment options
investment option) will have its own unique risks and you should review these
investment options before making an investment
decision. |
Risks of the Policy –
Investment Risk Also see The Funds and The Fixed Option (NM Strength and Stability Account) sections | ||
Insurance Company
Risks |
Investment in the
Policy is subject to the risks related to
Northwestern Mutual,
and any obligations (including under any fixed account investment options),
guarantees, or benefits are subject to the claims-paying ability
of Northwestern
Mutual
. More information about Northwestern Mutual, including its financial
strength ratings, is available upon request by calling toll free (866)
464-3800. |
Risks of the Policy –
Investment Risk and
the Northwestern
Mutual section | ||
Policy
Lapse |
Insufficient premium payments, poor investment results, withdrawals, unpaid
loans, or loan interest may cause your
Policy to lapse, meaning you will no
longer have any life insurance coverage and
death benefits will not be paid.
After lapse, you may reinstate the
Policy subject to certain conditions described
in the
Prospectus, including the payment of the minimum payment amount,
required to keep the
Policy in force. |
Risks of the Policy
–Policy Lapse Information About
the Policy –
Termination and
Reinstatement | ||
|
RESTRICTIONS |
| ||
Investments |
Transfers or allocations to the Government Money Market
Division and the
Account”), are subject to certain restrictions. We do not permit
transfers from the
SAS Account to the
Divisions. Transfers from the
Divisions must be in amounts greater than or equal to 1% of
assets in the
Divisions, may be subject to charges, and are subject to the
Policy’s
short-term and excessive trading policies. These short-term and
excessive trading policies may trigger additional restrictions on your
Policy.
Currently, there is no charge when you transfer
Contract Fund Value among
Divisions
and the SAS
Account. However, we reserve the right to charge $25 for
each transfer. You may invest in up to 30
Divisions at a time. Under certain circumstances
Northwestern Mutual reserves the right to
|
The Fixed Option
(NM Strength and
Stability Account) Information about
the Policy – Other
Policy Transactions
(Transfers and
Short-Term and
Excessive Trading) Information about
the Policy – Other
Policy Transactions
(Substitution of
Portfolio Shares and
Other Changes) | ||
Optional Benefits |
Optional benefits are subject to additional charges and payments made under
these benefits are generally subject to the same transaction fees
as other premium payments but may be treated differently for
other purposes (e.g., certain
death benefit minimums). Optional benefits are not available for all
ages (or may terminate at certain ages) and underwriting
classifications. We may stop offering an optional benefit at any
time. |
Information about
the Policy—Other
Benefits Available
Under the Policy |
|
TAXES |
Cross-Reference(s)
to Location in
Prospectus | ||
Tax Implications |
You should consult with a tax professional to determine the tax implications of
an investment in, and payments received under, the
Policy. There is no
additional tax benefit if the
Policy is purchased through a tax-qualified plan or
individual retirement account (IRA). Withdrawals will generally be subject to
ordinary income tax, and may be subject to tax
penalties. |
Tax Considerations | ||
|
CONFLICTS OF INTEREST |
| ||
Investment
Professional
Compensation |
Mutual’s affiliated broker-dealer, who are compensated with a
commission based on a percentage of premium, and
Northwestern Mutual may share
representatives may have a financial incentive to offer or recommend the
Policy
over other investments. |
Distribution of the
Policy
Also see Charges and Deductions – Commissions Paid to Financial Representatives | ||
Exchanges |
Some
financial representatives may have a financial incentive to offer this
Policy
in place of one you already own. You should only exchange an existing
policy
if you determine, after comparing the features, fees and risks of both
policies, that it is preferable to purchase this
Policy rather than continue to own
the existing
policy. |
None |
Investment
Objective |
Portfolio and
Adviser/ Sub-adviser (if applicable) |
Current
Expenses |
Average Annual
Total Returns
(as of 12/31/2023) | |||
1 Year |
5 Year |
10 Year |
|
| ||
Long-term growth of
capital; current income is
a secondary objective |
Growth Stock Portfolio2 |
Mason Street Advisors, LLC
(MSA)/T. Rowe Price
Associates, Inc. |
0.43% |
49.69% |
13.38% |
10.82% |
Long-term growth of
capital |
Focused Appreciation
Portfolio2 |
MSA/Loomis, Sayles &
Company, L.P. |
0.62%1 |
50.99% |
17.78% |
14.56% |
Long-term growth of
capital and income |
Large Cap Core Stock
Portfolio2 |
MSA/Wellington
Management Company LLP |
0.44%1 |
25.78% |
15.50% |
10.57% |
Long-term growth of
capital and income |
Large Cap Blend
Portfolio2 |
MSA/J.P. Morgan Investment
Management, Inc. |
0.70%1 |
20.61% |
10.94% |
9.17% |
Investment results that
approximate the
performance of the
Standard & Poor’s 500®
Composite Stock Price
Index |
Index 500 Stock
Portfolio2 |
MSA/BlackRock Advisors, LLC |
0.20%1 |
26.04% |
15.45% |
11.80% |
Long-term growth of
capital; income is a
secondary objective |
Large Company Value
Portfolio2 |
MSA/American Century
Investment Management,
Inc. |
0.75%1 |
3.80% |
10.57% |
7.80% |
Long-term growth of
capital and income |
Domestic Equity
Portfolio2 |
MSA/Delaware Investments
Fund Advisers, a series of
Macquarie Investment
Management Business Trust |
0.50%1 |
3.71% |
8.48% |
8.07% |
Long-term growth of
capital and income |
Equity Income Portfolio2 |
MSA/T. Rowe Price
Associates, Inc. |
0.57%1 |
9.68% |
11.32% |
7.96% |
Long-term growth of
capital |
Mid Cap Growth Stock
Portfolio2 |
MSA/Wellington
Management Company LLP |
0.54%1 |
14.96% |
10.00% |
7.05% |
Investment results that
approximate the
performance of the
Standard & Poor’s
MidCap 400® Stock Price
Index |
Index 400 Stock
Portfolio2 |
MSA/Northern Trust
Investments, Inc. |
0.25%1 |
16.15% |
12.34% |
8.99% |
Long-term growth of
capital; current income is
a secondary objective |
Mid Cap Value Portfolio2 |
MSA/American Century
Investment Management,
Inc. |
0.72%1 |
6.26% |
11.21% |
8.93% |
Long-term growth of
capital |
Small Cap Growth Stock
Portfolio2 |
MSA/Wellington
Management Company LLP |
0.57% |
18.36% |
9.80% |
7.68% |
Investment results that
approximate the
performance of the
Standard & Poor’s
SmallCap 600® Index |
Index 600 Stock
Portfolio2 |
MSA/Northern Trust
Investments, Inc. |
0.28% |
15.76% |
10.66% |
8.29% |
Long-term growth of
capital |
Small Cap Value
Portfolio2 |
MSA/T. Rowe Price
Investment Management,
Inc. |
0.88%1 |
13.85% |
9.43% |
6.73% |
Investment
Objective |
Portfolio and
Adviser/ Sub-adviser (if applicable) |
Current
Expenses |
Average Annual
Total Returns
(as of 12/31/2023) | |||
1 Year |
5 Year |
10 Year |
|
| ||
Long-term growth of
capital |
International Growth
Portfolio2 |
MSA/FIAM LLC |
0.62% |
20.77% |
11.33% |
5.99% |
Capital appreciation |
Research International
Core Portfolio2 |
MSA/Massachusetts
Financial Services Company |
0.72%1 |
12.95% |
8.82% |
4.42% |
Long-term growth of
capital and income |
International Equity
Portfolio2 |
MSA/Dodge & Cox |
0.68% |
16.09% |
4.47% |
1.68% |
Capital appreciation |
Emerging Markets Equity
Portfolio2 |
MSA/abrdn Investments
Limited |
0.91%1 |
6.91% |
3.13% |
1.44% |
Maximum current income
to the extent consistent
with liquidity and stability
of capital3 |
Government Money
Market Portfolio2,4 |
MSA/BlackRock Advisors, LLC |
0.33%1 |
4.83% |
1.68% |
1.07% |
Provide as high a level of
current income as is
consistent with prudent
investment risk |
Short-Term Bond
Portfolio2 |
MSA/T. Rowe Price
Associates, Inc. |
0.39% |
5.26% |
1.80% |
1.44% |
Provide as high a level of
total return consistent
with prudent investment
risk; a secondary
objective is to seek
preservation of
shareholders’ capital |
Select Bond Portfolio2 |
MSA/Allspring Global
Investments, LLC |
0.31%1 |
6.19% |
1.41% |
1.94% |
Maximum total return,
consistent with
preservation of capital
and prudent investment
management |
Long-Term U.S.
Government Bond
Portfolio2 |
MSA/Pacific Investment
Management Company LLC |
2.16%1 |
3.33% |
-1.76% |
1.81% |
Pursue total return using
a strategy that seeks to
protect against U.S.
inflation |
Inflation Protection
Portfolio2 |
MSA/American Century
Investment Management,
Inc. |
0.44%1 |
3.90% |
2.86% |
2.06% |
High current income and
capital appreciation |
High Yield Bond
Portfolio2 |
MSA/Federated Investment
Management Company |
0.46% |
13.24% |
5.33% |
4.42% |
Maximum total return,
consistent with prudent
investment management |
Multi-Sector Bond
Portfolio2 |
MSA/Pacific Investment
Management Company LLC |
0.73%1 |
9.71% |
2.34% |
3.02% |
Realize as high a level of
total return as is
consistent with prudent
investment risk, through
income and capital
appreciation |
Balanced Portfolio2 |
MSA |
0.50%1 |
13.07% |
6.73% |
5.34% |
Realize as high a level of
total return as is
consistent with
reasonable investment
risk |
Asset Allocation
Portfolio2 |
MSA |
0.58%1 |
15.24% |
8.28% |
6.26% |
Long-term growth of
capital |
Fidelity® VIP Mid Cap
Portfolio – Initial Class5 |
Fidelity Management &
Research Company LLC
(FMR)6 |
0.57% |
15.08% |
12.45% |
8.12% |
Long-term capital
appreciation |
Fidelity® VIP
ContrafundSM Portfolio –
Initial Class5 |
FMR6 |
0.56% |
33.45% |
16.65% |
11.61% |
Investment
Objective |
Portfolio and
Adviser/ Sub-adviser (if applicable) |
Current
Expenses |
Average Annual
Total Returns
(as of 12/31/2023) | |||
1 Year |
5 Year |
10 Year |
|
| ||
Long-term growth of
capital by investing
primarily in securities of
companies that meet the
Portfolio’s environmental,
social and governance
criteria |
Sustainable Equity
Portfolio7 |
Neuberger Berman
Investment Advisers LLC |
0.90% |
26.90% |
13.97% |
9.99% |
Long-term growth of
capital |
U.S. Strategic Equity
Fund8 |
Russell Investment
Management LLC (RIM)9 |
0.93%1 |
26.29% |
14.19% |
10.23% |
Long-term growth of
capital |
U.S. Small Cap Equity
Fund8 |
RIM9 |
1.16%1 |
13.61% |
10.75% |
6.60% |
Current income and long-
term growth of capital |
Global Real Estate
Securities Fund8 |
RIM9 |
0.90% |
10.55% |
3.50% |
4.02% |
Long-term growth of
capital |
International Developed
Markets Fund8 |
RIM9 |
1.03%1 |
16.26% |
7.46% |
3.94% |
Provide total return |
Strategic Bond Fund8 |
RIM9 |
0.67% |
4.02% |
0.72% |
1.49% |
Current income and
moderate long-term
capital appreciation |
LifePoints® Variable
Target Portfolio Series
Moderate Strategy Fund8 |
RIM9 |
0.86%1 |
11.32% |
4.00% |
3.51% |
Above-average long-term
capital appreciation and a
moderate level of current
income |
LifePoints® Variable
Target Portfolio Series
Balanced Strategy Fund8 |
RIM9 |
0.91%1 |
14.52% |
6.30% |
4.68% |
High long-term capital
appreciation; and as a
secondary objective,
current income |
LifePoints® Variable
Target Portfolio Series
Growth Strategy Fund8 |
RIM9 |
1.00%1 |
17.96% |
8.25% |
5.69% |
High long-term capital
appreciation |
LifePoints® Variable
Target Portfolio Series
Equity Growth Strategy
Fund8 |
RIM9 |
1.03%1 |
19.52% |
8.88% |
6.03% |
Total return |
Commodity Return
Strategy Portfolio – Class
210 |
Credit Suisse Asset
Management, LLC |
0.78% |
-8.90% |
N/A |
16.48% |