THE NORTHWESTERN MUTUAL LIFE INSURANCE
COMPANY
SUPPLEMENT TO THE PROSPECTUSES DATED MAY 1, 2025 AND JULY 1, 2025
NORTHWESTERN MUTUAL VARIABLE LIFE ACCOUNT II
VARIABLE UNIVERSAL LIFE PLUS
EXECUTIVE VARIABLE UNIVERSAL LIFE II
VARIABLE UNIVERSAL LIFE PLUS - NY
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% to 0.79%.
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 |
|
|
|
|
| |
Emerging Markets Equity
Portfolio2 |
MSA/abrdn Investments
Limited |
|
|
|
|
Long-term growth of
capital |
Active/Passive Very Aggressive
Portfolio2 (“Active/Passive All Equity Portfolio” until 09/30/2025) |
|
|
|
|
|