Variable Settlement Plans can only be used to settle variable annuity and IRA proceeds. On the one hand, variable plans offer you the potential to benefit from market gains. On the other hand, you also assume the investment risk.

Variable plans do not offer a guaranteed payment amount. Payment amounts depend on the performance of the Northwestern Mutual variable investment fund you select. You can choose to receive all or part of your proceeds under a variable settlement plan.

Types of Variable Settlement Plans
Northwestern Mutual offers three types of Variable Settlement plans:

• Installment Income for a Specified Period
• Single Life Income
• Joint and Survivor Life Income

Installment Income for Specified Period
You receive principal and earnings in monthly payments over a specified period of time that you select, between five and 30 years. Before the end of the payment period, you may withdraw the value of any remaining funds. You may incur a surrender charge if your withdrawal is made during the first five years of the plan.

Single Life Income Plan
You receive principal and earnings in monthly payments over a specified period of 10 or 20 years, or for life, if you outlive the specified period. Northwestern Mutual will continue payments to your beneficiary if you die before the end of the specified period. Withdrawals from this plan are not allowed.

Joint and Survivor Life Income Plan
You receive principal and earnings in monthly payments that continue as long as you or your joint annuitant is living. Withdrawals from this plan are not allowed. This plan offers three options:

• Joint and Survivor—Northwestern Mutual will make payments while you and your joint annuitant are both alive. On the death of either person, Northwestern Mutual will continue to make payments to the survivor for life, or ten years from the date of settlement, whichever is longer. During your lifetime, payments are made to you. The amount of the payments remains the same even after one of you dies. Variations in the payments may occur as a result of market performance on the separate account.

• Joint and 2/3 to survivor—Northwestern Mutual will make payments while you and your joint annuitant are both alive. On the death of either person, the annuity units will be reduced to two-thirds of the original amount. Northwestern will make payments based on those reduced units to the survivor for life, or for ten years from the date of settlement, whichever is longer. Payments are made to you and the joint annuitant as long as you both are living.

• Joint and 1/2 to Survivor—Northwestern Mutual will make payments while you and your joint annuitant are both alive. On your death, the annuity units will be reduced to one-half of the original number. Northwestern Mutual will make payments based on those reduced units to the survivor for life, or for 10 years from the date of settlement, whichever is longer. During your lifetime, payments are made to you. How To Select One of These Options

To get a copy of the form for your settlement plan, call your Northwestern Mutual Financial Network Representative or contact Northwestern Mutual.

You should carefully consider the investment objectives, risks, expenses and charges of the investment company before you invest. Your Northwestern Mutual Investment Services Registered Representative can provide you with a prospectus that will contain the information noted above, and other important information that you should read carefully before you invest or send money.