The Variable Income Plan is a settlement option available from the Northwestern Mutual Select Variable Annuity. The Variable Income Plan has the same competitive expenses and investment choices as the Select Variable Annuity (except for the Guaranteed Interest Funds), so it gives you an opportunity to engage the skills of a select team of professional money managers. With the Variable Income Plan, you control where your money is invested by choosing from a select group of stock, bond, and money market funds.

How Does it Work?
Your total account value is converted into a fixed number of annuity units, based on the value of the underlying investment option at that time. Once this conversion takes place, you will have the same number of annuity units as long as you continue to receive income (assuming that you don't change investment options). The value of the units, and therefore, the amount of cash you receive, will increase or decrease based on the performance of the underlying investment options in relation to a bench mark return. Any change, up or down, will affect the amount of income you receive.

Is a Variable Income Plan Right for You?
To help address longer life expectancies, increasing health care costs, the questions about Social Security and the effects of inflation on future retirement dollars, individuals may need to consider some other additional sources for their retirement income.

A variable income plan may provide some growth potential to your retirement income over your lifetime. However, with this income potential there will be fluctuations in the monthly income. Are you comfortable with the potential market risk with a variable income plan? Will a variable income plan or a combination of a fixed and variable income plans be a comfortable fit for you and your retirement goals?

If you are looking for an inflation hedge and are willing to accept some fluctuation in your monthly income, consider the Variable Income Plan. The benefit: it may provide the potential for your income to increase over time.

Features & Benefits
Investment Options
Prospectuses
Semi and Annual Reports

Variable annuities are offered and sold by prospectus only. Carefully consider the investment objectives, risks, expenses and charges of the investment company before investing. Your Northwestern Mutual financial representative can provide you with a contract, a fund prospectus or offering circular that will contain the information noted above, and other important information that you should read carefully before you invest or send money.