Northwestern Mutual Variable Life Account II

10/27/2026 | Press release | Distributed by Public on 10/27/2026 08:58

Summary Prospectus for New Investors by Investment Company (Form 497VPI)

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: 
FEES AND EXPENSES
Cross-
Reference(s)
to Location in
Prospectus
Charges for Early
Withdrawals
If you surrender your Policy (or if you change your Policy to Paid-up insurance)
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)
    
Update to Transaction Fees
Effective October 28, 2026, the description of "Surrender Charge," "Maximum Charge," "Minimum Charge," and "Charge for Insured Issue Age 35" in the "Transaction Fees" subsection of the "Fee and Expense Tables" section are deleted in their entirety and replaced with the following: 
Charge
When Charge is Deducted
Amount Deducted
Guaranteed Maximum Charge
Current Charge
Surrender Charge3
Upon surrender or
change to paid-up
insurance during the first
ten Policy Years
Maximum Charge4
Same as current charge
0% in Policy Years 1-5 of the Target
Premium, grading down monthly in Policy
Years 6-10 to 0%
Minimum Charge5
Same as current charge
0% in Policy Years 1-5 of the Target
Premium, grading down monthly in Policy
Years 6-10 to 0%
Charge for Insured Issue
Age 35
Same as current charge
0% in Policy Years 1-5 of the Target
Premium, grading down monthly in Policy
Years 6-10 to 0%
This Supplement is dated October 27, 2026.
Northwestern Mutual Variable Life Account II published this content on October 27, 2026, and is solely responsible for the information contained herein. Distributed via EDGAR on October 27, 2026 at 14:59 UTC. If you believe the information included in the content is inaccurate or outdated and requires editing or removal, please contact us at [email protected]