THE NORTHWESTERN MUTUAL LIFE INSURANCE
COMPANY
SUPPLEMENT TO THE PROSPECTUSES DATED MAY 1, 2025 AND JULY 1, 2025
NORTHWESTERN MUTUAL VARIABLE LIFE ACCOUNT
VARIABLE LIFE
VARIABLE COMPLIFE®
VARIABLE JOINT LIFE
VARIABLE EXECUTIVE LIFE
NORTHWESTERN MUTUAL VARIABLE LIFE ACCOUNT II
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.
Sub-Adviser Change for Domestic Equity Portfolio
Effective July 31, 2025, Putnam Investment Management, LLC replaced Delaware Investments Fund Advisers, a series of Macquarie Investment Management Business Trust, as the sub-adviser for the Domestic Equity Portfolio.
Please note that with respect to this change, some systems and forms may temporarily reference the previous sub-adviser for this Portfolio.
Fee Waiver Change for Emerging Markets
Equity Portfolio
Effective August 1, 2025, the Current Expenses
for the Emerging Markets Equity Portfolio as set forth in Appendix A has changed from 0.89%1 to
0.79%1.
Portfolio Name Change for Active/Passive
All Equity Portfolio
Effective on or about September 30, 2025,
the name of the Active/Passive All Equity Portfolio will be changed to “Active/Passive Very Aggressive Portfolio”. The Cover Sheet and Appendix A of the Prospectuses are amended to replace “Active/Passive All Equity Portfolio” with “Active/Passive Very Aggressive Portfolio (“Active/Passive All Equity
Portfolio” until 09/30/2025)”. Please note that with respect to this change, some systems and forms may temporarily reference the previous Portfolio
name.
Portfolio Name
Change for Sustainable Equity Portfolio
Effective July 28, 2025,
the name of the Sustainable Equity Portfolio changed to “Quality Equity Portfolio”. The Cover Sheet and Appendix A of the Prospectuses are amended to replace “Sustainable Equity
Portfolio” with “Quality Equity Portfolio (formerly “Sustainable Equity
Portfolio”)”. Please note that with respect to this change, some systems and forms may temporarily reference the previous Portfolio
name.
In light of the above changes, in APPENDIX A—Portfolios Available under Your
Policy, the following rows in the table are amended to contain the following information.
| |
|
Adviser/ Sub-adviser (if applicable) |
|
Average Annual
Total Returns
(as of 12/31/2024) |
| |
|
|
Long-term growth of
capital and income |
Domestic Equity Portfolio2
|
MSA/ Putnam Investment
Management, LLC |
|
|
|
|