THE NORTHWESTERN MUTUAL LIFE INSURANCE
COMPANY
SUPPLEMENT TO THE PROSPECTUS DATED MAY 1, 2026
NORTHWESTERN MUTUAL VARIABLE LIFE ACCOUNT II
VARIABLE UNIVERSAL LIFE PLUS NY
This Supplement updates certain information in the most recent prospectus, initial summary prospectus, and updating
summary prospectus, as applicable, for the above-referenced variable life policy and any supplements to the prospectus, initial summary prospectus, and updating summary
prospectus (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.
Reduction of Current Surrender Charge
Effective October 28, 2026, the current surrender charge is reduced to 0% for all Policy Years and Issue Ages. Accordingly, no surrender charge will be deducted upon surrender of the Policy or upon a change to Paid-Up Insurance.
The Policy continues to provide for surrender charges and guaranteed maximum surrender charge rates as described in the Policy and Prospectus.
Update to Fees and Expenses
Effective October 28, 2026, the description of “Charges for Early
Withdrawal” in the “Fees and Expenses” subsection of the “IMPORTANT INFORMATION YOU SHOULD CONSIDER ABOUT THE POLICY” section is deleted in its entirety and replaced with the following:
| |
|
Cross-
Reference(s)
to Location in
Prospectus |
Charges for Early
Withdrawals |
in the first ten
Policy Years you will be assessed a surrender charge. The
current surrender charge is 0%.
Withdrawals are subject to a
$25 service charge (currently waived) for each withdrawal
request. |
Fee and
Expense
Tables –
Transaction
Fees
(Surrender
Charge and
Withdrawal
Fee)
Also see
Information
About the
Policy – Other
Benefits
Available
Under the
Policy
(Paid-Up
Insurance) |