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

Flexible Payment
Variable Annuity (Account A)

Issued by The Northwestern Mutual Life Insurance Company through
NML Variable Annuity Account A (the " Separate Account")

Summary Prospectus for New Investors
May 1, 2026

This Summary Prospectus summarizes key features of the individual flexible payment deferred variable annuity contract (the "Contract"). Before you invest, you should also review the prospectus for the Contract, which contains more information about the Contract's features, benefits, and risks. This Summary Prospectus describes two classes of the Contract : a front-load version (in which a sales charge is assessed when Purchase Payments are made) and a back-load version (in which a sales charge is assessed if and when amounts are withdrawn). You can find this prospectus and other information about the Contract, including the annual and semi-annual reports for your underlying Portfolios, online at www.nmprospectus.com. You can also obtain this information at no cost by calling (866) 910-1232 or by sending an email request to [email protected].

If you are a new investor in the Contract, you may cancel your Contract within 10 days of receiving it without paying fees or penalties.
In some states, this cancellation period may be longer. Depending on your state of issue, upon cancellation you will receive either a full refund of your Purchase Payment(s) or your Contract Value. You should review the prospectus, or consult with your financial representative, for additional information about the specific cancellation terms that apply.

  Additional information about certain investment products, including variable annuities, has been prepared by the Securities and Exchange Commission's staff and is available at www.Investor.gov.

The Securities and Exchange Commission ("SEC") has not approved or disapproved the Contract or passed upon the adequacy of this Summary Prospectus. Any representation to the contrary is a criminal offense.

Subject to the limitations discussed in the prospectus for the Contract, you may choose to invest amounts in up to 59 Divisions of the Separate Account as well as available fixed options under certain circumstances. Each Division of the Separate Account invests exclusively in shares of a single series of a Fund (i.e., an underlying Portfolio).

 

	Page
Glossary of Special Terms	1
Overview of the Contract	3
Important Information You Should Consider About the Contract	4
Benefits Available Under the Contract	8
Buying the Contract	9
Making Withdrawals: Accessing Money in Your Contract	10
Additional Information About Fees	11
Contract Fees and Expenses	11
Annual Portfolio Operating Expenses	12
Appendix A - Investment Options Available Under the Contract	14
Additional Information	19

Glossary of Special Terms

Unless otherwise specified in this prospectus, the words "Northwestern Mutual," "we," "us," "our," and "Company" mean The Northwestern Mutual Life Insurance Company. The words "you" and "your," unless otherwise specified, mean the Contract Owner. We use a number of special terms in this summary prospectus, including the following:

Accumulation Unit-An accounting unit of measure representing the Contract Value, before the date on which Annuity Payments begin, in one or more Divisions of the Separate Account. The related term "Accumulation Unit Value" ("AUV") means the value of a particular Accumulation Unit at a particular time and is analogous to, but not the same as, the share price of a mutual fund.

Annuitant-The person upon whose life the Contract is issued and Contract benefits depend. The Primary Annuitant is the person upon whose life the Contract is initially issued. The Contingent Annuitant is the person who becomes the Annuitant upon the death of the Primary Annuitant. If the Contract is annuitized under a single life income plan, there will be one Annuitant. If the Contract is annuitized under a joint life income plan, there will be two Joint Annuitants.

Annuity Payments- Money we pay under a variable income plan or a fixed income plan during the annuitization phase of the Contract.

Annuity Unit-An accounting unit of measure representing the actuarial value of a variable income plan's interest in a Division of the Separate Account after Annuity Payments begin.

Beneficiary- A person who receives payments under the Contract pursuant to an Income Plan or upon the death of the Annuitant before the Maturity Date provided that the Annuitant was an Owner of the Contract at the time of death.

Company-The Northwestern Mutual Life Insurance Company

Contract-The agreement between you and us described in this variable annuity prospectus. During the accumulation period of the Contract, you may invest money under your Contract and any earnings on your investment will accumulate on a tax-deferred basis. During the annuitization period, you receive periodic payments based largely on the amounts you accumulate, all or a portion of which will be taxable as ordinary income.

Contract Value-The value of your Contract on any Valuation Date is the sum of: (1) the value of your amounts held in the Divisions of the Separate Account on that Valuation Date; and (2) the sum of your amounts allocated to the Guaranteed Account(s), plus credited interest; less (3) any applicable fees and amounts withdrawn or transferred from the Guaranteed Account(s).

Division-A sub-account of the Separate Account, the assets of which are invested exclusively in the shares of one of the Portfolios of the underlying Funds.

Fund-A Fund is registered under the Investment Company Act of 1940 (the "1940 Act") as an open-end management investment company or as a unit investment trust, or is not required to be registered under the 1940 Act. A Fund is available as an investment option under the Contract. The assets of each of the Divisions of the Separate Account are used to purchase shares of the corresponding Portfolio of a Fund.

General Account-All assets of the Company, other than those held in the Separate Account or in other separate accounts that have been or may be established by the Company.

Guaranteed Account-A fixed investment option under the Contract, supported by the assets held in the Company's General Account, that has a term of a specified duration (called a "Guaranteed Period").

Income Plan-An optional method of receiving the death benefit, maturity benefit, surrender proceeds or withdrawal proceeds of an insurance policy or annuity contract generally through a series of periodic payments. An Income Plan may also be known as a "payment plan."

Market Value Adjustment-An amount that may be credited (or charged) to an amount withdrawn or transferred from a multi-year Guaranteed Account before the end of a Guaranteed Period.

Maturity Date-The date, stated on the specifications page of the Contract, on which Purchase Payments must cease and Annuity Payments become payable.

Northwestern Mutual-The Northwestern Mutual Life Insurance Company

Owner-The person with the sole right to exercise all rights and privileges under the Contract, except as the Contract otherwise provides.

Portfolio-A series of a Fund available for investment under the Contract which corresponds to a particular Division of the Separate Account.

Prospectus- The full statutory prospectus for the Contract.

Purchase Payments-Money you give us to apply to your Contract. The related term "Net Purchase Payment" refers to Purchase Payments after all applicable deductions.

Required Minimum Distribution ("RMD")-A minimum amount that the federal tax law generally requires be withdrawn from certain tax-qualified annuities each year.

Separate Account-The account the Company has established pursuant to Wisconsin law for those assets that, although belonging to the Company, are reserved for you and other owners of variable annuity contracts supported by the Separate Account.

Summary Prospectus-The summary version of the Contract, which summarizes key information found in the Prospectus for the Contract.

Valuation Date-Any day on which the New York Stock Exchange ("NYSE") is open for trading and any other day we are required under the 1940 Act to value assets of a Division of the Separate Account.

Withdrawal Charge- A deduction that is made from maturity benefits and withdrawal amounts.

 

Overview of the Contract 

The Contract is an individual flexible payment variable annuity contract, the purpose of which is primarily to provide for the accumulation of value through variable or fixed investment options, through allocations to a variety of Portfolios and/or fixed account options, and payment of annuity benefits on a fixed or variable basis. The Contract is sold for use under a variety of tax-qualified and nontax-qualified plans and may be appropriate if you have a long-term investment horizon. It is not intended for short-term investment and is therefore not appropriate for people who may need to make early or frequent withdrawals or who intend to engage in frequent trading.

During the years when funds may be paid into your Contract , known as the accumulation (savings) phase, the earnings accumulate on a tax-deferred basis. The annuitization (income) period begins when you start receiving a stream of periodic annuity payments under your Contract that begin on the date you select, and all or a portion of such payments will be taxed as ordinary income. Once you annuitize your Contract, your withdrawal rights will depend on the income plan selected. The amount you accumulate under your Contract, including the results of investment performance of your Divisions and interest earned under the fixed options will determine the amount of your monthly annuity payments. The Contract offers 59 Portfolios in which the Divisions invest and two fixed account investment options. A list of the investment options available under the Contract is provided at the back of this Prospectus (see Appendix A: Investment Options Available Under the Contract).

In addition to the Divisions which vary with the investment experience of the underlying Portfolios, the Contract offers two fixed options ( Guaranteed Interest Fund 1, or GIF 1, and Guaranteed Interest Fund 8, or GIF 8) that credit interest at declared rates. If amounts are transferred, withdrawn, surrendered, or annuitized from GIF 8 before the end of its term, we may apply a Market Value Adjustment. A negative Market Value Adjustment will result in the loss of some or all previously credited interest in excess of the minimum guaranteed annual effective interest rate for the GIF 8, if any.

Below are other features and options that the Contract offers.

The Automatic Dollar Cost Averaging Plan allows you to transfer a set amount from the Government Money Market Division to other Divisions on a regular schedule. The Portfolios Rebalancing feature automatically rebalances your Contract Value among your selected Divisions in order to restore your allocation to the original level. You may participate only in one of the Automatic

Dollar Cost Averaging Plan and Portfolios Rebalancing feature at a time. We also allow automatic transfers or sweeps of interest from the GIF 1 to any combination of the Divisions monthly, quarterly, semi-annually or annually. We do not charge for participation in these features.

The Systematic Withdrawal Plan allows you to set up automatic monthly withdrawals from your Contract Value. We will take any withdrawal under this plan proportionally from your Contract Value in your selected investment options or the investment options you designate subject to certain conditions. We do not charge for participation in this feature.

The Terminal Illness Benefit allows you to withdraw all or a portion of your Contract Value without incurring a Withdrawal Charge if the Primary Annuitant is terminally ill (as defined in the Terminal Illness Benefit Rider) and has a life expectancy of 12 months or less. The Nursing Home Benefit allows you to withdraw all or a portion of your Contract Value without incurring a Withdrawal Charge if the Primary Annuitant has been confined for at least 90 consecutive days to a licensed nursing facility or hospital and certain other conditions are satisfied. See the prospectus for a full explanation of the required conditions. The Terminal Illness and Nursing Home Benefits are not available in New York.

Important Information You Should Consider About the Contract 

	FEES, EXPENSES, AND ADJUSTMENTS			Cross-Reference(s) to Location in Prospectus
Are There Charges or Adjustments for Early Withdrawals?	Yes. For back-load Contracts , if you withdraw amounts from or surrender your Contract within eight years following the applicable Purchase Payment(s), you will be assessed a withdrawal charge of up to 6% of the Purchase Payment(s). Any applicable withdrawal (or surrender) charge, market value adjustment, federal/state tax withholding, and/or Express Mail Delivery fee will be assessed against and deducted from the amount withdrawn.   For example, if you surrender your back-load Contract before your first Contract anniversary and your total initial investment was $100,000, you will pay a surrender charge of up to $6,000.   For a back-load contract, if amounts are transferred, withdrawn, surrendered, or annuitized from GIF 8 prior to the end of a Guaranteed Period, a Market Value Adjustment may apply, which may be negative. A negative Market Value Adjustment will result in the loss of some or all previously credited interest in excess of the minimum guaranteed annual effective interest rate, if any. Yours will be greater if you also have to pay a surrender charge, taxes or tax penalties.			Fee and Expense Tables - Contract Fees and Expenses   Charges and Adjustments - Adjustments   Appendix B - Prior Contracts
Are There Transaction Charges?	Yes. In addition to (or instead of) withdrawal charges and Market Value Adjustments, you may also be charged for other transactions, such as certain tax-related charges, a front-end sales load on front-load Contracts, as well as charges for expedited delivery or wire transfers.			Charges and Adjustments

Benefits Available Under the Contract

The following table summarizes information about a variety of standard and optional benefits available under the Contract. If applicable, information about the fees associated with a benefit included in the table may be found in the Fees and Expense Tables.

 

Name of Benefit	Purpose	Is Benefit Standard or Optional	Maximum Fee	Brief Description of Limitations/ Restrictions
Standard Death Benefit	The Contract provides a death benefit to be paid under a lump sum, fixed or variable income plans or continued in force as a new contract for the payee(s)	Standard	No Charge	●Only payable if the Annuitant dies before the Maturity Date ●Income Plans have their own payout benefit rules at death (see below) ●Is reduced for withdrawals ●If payee elects to continue the Contract in force, additional restrictions may apply
Enhanced Death Benefit	An optional enhanced death benefit is available that allows the Owner to annually "lock in" certain increases in Contract Value	Optional	0.40%1	●Not available for all issue ages and enhanced death benefit adjustments are limited by the primary Annuitant's age ●Must be elected at issue ●Cannot be added once terminated ●There is a charge for this benefit
Income Plans	Annuity Payments and death benefit payments are payable under various income plans on a variable or fixed basis	Standard	No charge2	●Plans for Annuity Payments for a specified period are not available for Contracts issued after May 1, 2013 ●Variable income plans are subject to some Contract charges (as well as expenses of the underlying Portfolios ) and are subject to market risk ●Fixed income plans are funded through withdrawals from the Separate Account and may be subject to a withdrawal charge ●Transfers between Income Plans are only allowed under limited circumstances
Preservation+ Strategy	Allows Owners to allocate all or a portion of their initial Purchase Payment to a strategy designed to preserve the principal of amounts allocated to the strategy through the crediting of a fixed rate of interest to the portion invested in GIF 8 while permitting participation in the potential risk and returns of their selected Divisions	Optional	No Charge	●Not available for front-load Contracts ●Subject to investment minimum and maximums and other conditions ●Guaranteed Period is limited and guaranteed amounts are subject to the claims-paying ability of Northwestern Mutual
Reinvestment of Redemptions	In certain limited circumstances, allows Purchase Payments to be made without the deduction of a sales load, or with a refund of a withdrawal charge	Standard	No Charge	●Request to void redemption must be made within 60 days without passing the Contract anniversary ●Requests will not be processed where redemption proceeds were paid by a check payable to the Owner and cashed or proceeds directly deposited into a bank account

Name of Benefit	Purpose	Is Benefit Standard or Optional	Maximum Fee	Brief Description of Limitations/ Restrictions
Terminal Illness Benefit	Waives withdrawal charges if primary Annuitant is terminally ill	Standard	No Charge	●Must meet timing and definitional requirements for "terminal illness"
Nursing Home Benefit	Waives withdrawal charges if primary Annuitant is confined to a nursing home	Standard	No Charge	●Applies after first Contract anniversary ●Confinement must be medically necessary for 90 consecutive days
Automatic Dollar Cost Averaging	On a periodic basis, automatically transfers a specific amount from the Government Money Market Division into other Divisions you selected	Standard	No charge	●Cannot use with portfolio rebalancing
Systematic Withdrawal Plan	Allows for monthly payments drawn from your investment options during the accumulation phase either proportionately from your investment options or from specific investment options	Standard	No charge	●Proportionate deductions may be limited for amounts in the Guaranteed Interest Funds ●Withdrawal charges may apply to amounts in excess of the free withdrawal amount ●Taxes or penalties may apply
Special Withdrawal Privilege	Allows the withdrawal of 10% of Contract Value without a surrender charge	Standard	No Charge	●Contract must be at least $10,000 ●Applies only after the first Contract anniversary
Portfolio Rebalancing	Automatically rebalances the Divisions you select (either monthly, quarterly, semi- annually or annually) to maintain your chosen mix of Divisions	Standard	No charge	●Ordinarily ends upon transfers from applicable Divisions ●Cannot use with dollar cost averaging
Interest Sweeps	Automatically transfers interest from the GIF to any combination of Divisions	Standard	No charge	●Minimum Contract Value required for eligibility
Asset Allocation Models	Allocation models are available that comprise a combination of Divisions representing various asset classes with various levels of risk tolerance	Standard	No charge	●Only one model is available at a time ●Models are "static" and therefore the Owner must make an affirmative election to change models ●Available models may change in the future

 

Buying the Contract

You may make Purchase Payments monthly, quarterly, semiannually, annually, or on any other frequency acceptable to us. For back-load Contracts in non-tax qualified situations, the minimum initial Purchase Payment is $5,000. For all other back-load Contracts, the minimum amount for an initial Purchase Payment is $100 ($25 if on an Insurance Service Account (ISA)). For front-load Contracts, the minimum initial Purchase Payment is $10,000. The minimum amount for each subsequent Purchase Payment for all Contracts is $25, although we may accept lower amounts in certain circumstances. We will accept larger Purchase Payments than the minimums, but total Purchase Payments under any Contract may not exceed $5,000,000 without our consent. For all Contracts, Purchase Payments may not exceed the applicable federal income tax limits. In certain situations, we may, in our discretion, reduce or waive our minimum purchase payment requirements. When initial Purchase Payments representing proceeds from rollovers or annuity exchanges are determined to satisfy the front-load Contract minimum based on

values at the time you sign your application, but the amount subsequently received by us is less than the required minimum due to market value fluctuations and sales or administrative fees charged in connection with the rollover or exchange, we may reduce the required minimum by the sum of any such depreciation and fees.

Guaranteed Accounts are subject to certain investment minimums and maximums in addition to those described above. Amounts that are applied to GIF 8 are subject to an investment minimum of $10,000, unless we consent to a lesser amount. We also limit the maximum amount that may be invested in the Guaranteed Accounts. Without our prior consent, no investment may cause the Accumulation Value of all Guaranteed Accounts (the sum of all applied amounts and credited interest, less fees and any amounts transferred or withdrawn) to exceed a maximum amount we specify in the Contract. For Contracts currently being issued, the maximum amount specified in the Contract is $100,000.

We credit Net Purchase Payments, after deduction of any sales load, to the variable and/or fixed investment options as you direct.

Initial Net Purchase Payments allocated to a Division will be priced at the Accumulation Unit Value determined no later than two Valuation Dates after we receive at our Home Office or a lockbox facility we have designated both your initial Purchase Payment and your application in good order. "Good order" means that the application is complete and accurate and all applicable requirements are satisfied. If your application is not in good order, we may take up to five Valuation Dates to resolve the problem. If we are unable to resolve the problem within that time, we will notify you in writing of the reasons for the delay. If you revoke the consent given with your application to hold your initial Purchase Payment pending resolution of the problem, we will return your payment. Otherwise, the number of Accumulation Units you receive for your initial Net Purchase Payment will be determined based upon the valuation of the assets of the Divisions you select not later than two Valuation Dates following the date on which the problem is resolved and your application is put into good order. Subsequent Net Purchase Payments will be priced based on the next determined Accumulation Unit Value after the payment is received in good order either at the Home Office or a lockbox facility we have designated.

We deem receipt of a Purchase Payment to be received on a given Valuation Date if receipt occurs before the close of trading on the NYSE (typically, 4:00 p.m. Eastern Time). If receipt occurs on or after the close of trading on the NYSE, we deem receipt to occur on the following Valuation Date. We determine the value of an Accumulation Unit in each Division by multiplying the value on the immediately preceding valuation date by the net investment factor for the Division. The net investment factor takes into account the investment experience of the Portfolio and the deduction for any applicable taxes or charges.

Making Withdrawals: Accessing Money in Your Contract

Contract Owners may withdraw some or all of the Accumulation Unit Value of their Contract at any time before the Maturity Date. We may require that a Contract Value of at least $2,000 remain after a partial withdrawal. You may instruct us how to allocate your partial withdrawal request among your investments in the Divisions and Guaranteed Accounts. If no direction is received, your withdrawal will be deducted proportionately from each of your investments. Withdrawals of amounts from the fixed account options are subject to special restrictions, charges and other adjustments. Any applicable withdrawal (or surrender) charge, market value adjustment, federal/state tax withholding, and/or Express Mail Delivery fee will be assessed against and deducted from the amount withdrawn.

Withdrawals may also be made after the Maturity Date. If Annuity Payments are being made under variable income plan 1 (Period Certain), the payee may surrender the Contract and receive the value of the Annuity Units credited to his or her Contract , less the applicable withdrawal charge. If Annuity Payments are being made under variable income plan 2 (Single Life Income with or without Period Certain) and the payee dies during the Period Certain (or if both payees die during the Period Certain of variable income plan 3 (Joint and Survivor Life Income with Period Certain)), the Beneficiary may surrender the Contract and receive the withdrawal value of the unpaid payments for the Period Certain. The withdrawal value is based on the Annuity Unit value on the withdrawal date, with the unpaid payments discounted at the Assumed Investment Rate.

We process withdrawal requests at the Accumulation Unit Value next determined only after our receipt of your request in good order, which includes satisfaction of all our administrative requirements. Subject to our administrative procedures and our approval, you may request that a withdrawal be processed (or that an Income Plan start) on a future date you specify. Otherwise, we will pay the amount of any withdrawal from the Separate Account within at least seven days after we receive the request in good order unless the suspension of payments or transfers provision is in effect or if required by government regulators. Withdrawals reduce your Contract Value and may be subject to unfavorable tax consequences.

If mandated under applicable law, we may be required to block an Owner's account and thereby refuse to pay any requests for transfer, partial withdrawal, surrender or death benefits, until instructions are received from the appropriate regulator. We may also be required to provide additional information about an Owner and an Owner's account to government regulators.

Additional Information About Fees

Contract Fees and Expenses

The following tables describe the fees, expenses, and adjustments that you will pay when buying, owning, and surrendering or making withdrawals from an Investment Option or the Contract. There are two sets of tables: one for a front-load Contract (in which a sales charge is assessed when Purchase Payments are made) and one for a back-load Contract (in which a sales charge is assessed if and when amounts are withdrawn). Please refer to your Contract specifications page for information about the specific fees you will pay each year based on the options you have selected.

The Transaction Expenses tables describe the fees and expenses that you will pay at the time that you buy the Contract, surrender, or make withdrawals from an Investment Option or from the Contract, or transfer Contract Value between Investment Options. These tables do not include any charge for state premium tax deductions, which we do not charge for at present, but we reserve the right to do so.

Each table shows the maximum and current fees and expenses related to the current Contract.

Front-Load Contract (in which a sales charge is assessed when Purchase Payments are made) 

Transaction Expenses	Current Contract1
	Maximum Fee	Current Fee
Maximum Sales Load (as a percentage of Purchase Payments)2	4.5%	4.5%
Withdrawal Charge	N/A	N/A
Transfer Fee	N/A	N/A
Expedited Delivery Charge3	$17	$17
Wire Transfer Fee4	$15	$15

The next table describes the fees and expenses that you will pay each year during the time that you own the Contract (not including Portfolio fees and expenses).

If you choose to purchase an optional benefit, you will pay additional charges as shown below. 

Annual Contract Expenses	Current Contract1
	Maximum Fee	Current Fee
Administrative Expenses5	$30	$30
Base Contract Expenses (as a percentage of Separate Account assets)6	0.75 %	0.45 %
Optional Enhanced Death Benefit Expenses (as a percentage of the entire benefit)7	0.40 %	0.10 %

  

Back-Load Contracts (in which a sales charge is assessed if and when amounts are withdrawn)  

Transaction Expenses	Current Contract1
	Maximum Fee	Current Fee
Sales Load (as a percentage of Purchase Payments)2	N/A	N/A
Maximum Withdrawal Charge for Sales Expenses	6.00 %	6.00 %
Transfer Fee	N/A	N/A
Expedited Delivery Charges3	$17	$17
Wire Transfer Fee4	$15	$15

We may apply a negative Market Value Adjustment to amounts transferred, withdrawn, surrendered, or annuitized from GIF 8 prior to the end of a Guaranteed Period. A negative Market Value Adjustment may result in the loss of some or all previously credited interest in excess of the minimum guaranteed annual effective interest rate, if any.

 
The next table describes the fees and expenses that you will pay each year during the time that you own the Contract (not including Portfolio company fees and expenses).

If you choose to purchase an optional benefit, you will pay additional charges as shown below. 

Annual Contract Expenses	Current Contract1
	Maximum Fee	Current Fee
Administrative Expenses5	$30	$30
Base Contract Expenses (as a percentage of Separate Account assets)6	1.50 %	1.10 %
Optional Enhanced Death Benefit Expenses (as a percentage of the entire benefit)7	0.40 %	0.10 %

 

Annual Portfolio Operating Expenses

The table below shows the minimum and maximum total operating expenses of the Portfolios that you may pay periodically during the time that you own the Contract. Expenses shown may change over time and may be higher or lower in the future. A complete list of the Portfolios available under the Contract, including their annual expenses, may be found at the back of this document (i.e., Appendix A: Investment Options Available Under the Contract).  

	Minimum	Maximum
Annual Portfolio Operating Expenses (expenses deducted from Portfolio assets, including management fees, distribution (12b-1) fees, and other expenses as a percentage of average Portfolio assets)	0.14%	2.50%
Annual Portfolio Operating Expenses After Contractual Fee Waiver or Reimbursement*	0.14%	2.45%

For more information about voluntary fee waivers that may be in place, see the "Charges" section.

Examples1

The following Examples are intended to help you compare the cost of investing in the Variable Options with the cost of investing in other annuity contracts that offer variable options. These costs include Contract Owner transaction expenses, annual Contract expenses, and annual Portfolio expenses.

The Examples assume all Contract value is allocated to the Variable Options. The Examples do not reflect the Market Value Adjustment. Your costs could differ from those shown below if you invest in Fixed Options.

The Examples assume that you invest $100,000 in the Variable Options for the time periods indicated and that your investment has a 5% return each year. The Examples reflect the maximum expenses of the underlying Portfolios (as set forth above) as well as the Optional Enhanced Death Benefit Maximum Charge. Although your actual costs may be higher or lower than those shown below, based on these assumptions, your costs would be as follows:

Back-Load Contract With the Enhanced Death Benefit  

	1 year	3 years	5 years	10 years
If you surrender your Contract at the end of the applicable time period:	$10,395	$19,365	$26,438	$45,583
If you annuitize at the end of the applicable time period:	$4,395	$13,365	$22,438	$45,583
If you do not surrender your Contract:	$4,395	$13,365	$22,438	$45,583

Front-Load Contract With the Enhanced Death Benefit 

	1 year	3 years	5 years	10 years
If you surrender your Contract at the end of the applicable time period:	$7,972	$15,158	$22,537	$41,870
If you annuitize at the end of the applicable time period:	$7,972	$15,158	$22,537	$41,870
If you do not surrender your Contract:	$7,972	$15,158	$22,537	$41,870

Please remember that the examples are simply illustrations and do not represent past or future expenses. Your actual expenses may be higher or lower than those shown in the examples. Similarly, your rate of return may be more or less than the 5% assumed in the examples.

Appendix A - Investment Options Available Under the Contract

Portfolios Available Under the Contract

The following is a list of Portfolios available under the Contract. More information about the Portfolios is available in the prospectuses for the Portfolios, which may be amended from time to time and can be found online at www.nmprospectus.com. You can also request this information at no cost by calling (866) 910-1232 or by sending an email request to [email protected].

The current expenses and performance information below reflects fees and expenses of the Portfolios, but do not reflect the other fees and expenses that your Contract may charge. Expenses would be higher and performance would be lower if these other charges were included. Each Portfolio's past performance is not necessarily an indication of future performance. 

Investment Objective	Portfolio and Adviser/Sub-adviser (if applicable)		Current Expenses	Average Annual Total Returns (as of 12/31/2025)
				1 Year	5 Year	10 Year
Long-term growth of capital; current income is a secondary objective	Growth Stock Portfolio2	Mason Street Advisors, LLC (MSA)/T. Rowe Price Associates, Inc	0.42%1	19.40%	11.99%	14.80%
Long-term growth of capital	Focused Appreciation Portfolio2	MSA/Loomis, Sayles & Company, L.P.	0.58%1	14.91%	14.89%	17.07%
Long-term growth of capital and income	Large Cap Core Stock Portfolio2	MSA/Wellington Management Company LLP	0.43%1	16.59%	12.70%	13.96%
Long-term growth of capital and income	Large Cap Blend Portfolio2	MSA/J.P. Morgan Investment Management, Inc.	0.70%1	14.34%	11.77%	11.98%
Investment results that approximate the performance of the Standard & Poor's 500® Composite Stock Price Index	Index 500 Stock Portfolio2	MSA/BlackRock Advisors, LLC	0.19%1	17.64%	14.19%	14.58%
Long-term growth of capital; income is a secondary objective	Large Company Value Portfolio2	MSA/American Century Investment Management, Inc.	0.74%1	14.58%	9.85%	9.48%
Long-term growth of capital and income	Domestic Equity Portfolio2	MSA/Putnam Investment Management, LLC	0.50%1	14.43%	8.63%	8.87%
Long-term growth of capital and income	Equity Income Portfolio2	MSA/T. Rowe Price Associates, Inc	0.57%1	14.48%	11.31%	10.64%
Long-term growth of capital	Mid Cap Growth Stock Portfolio2	MSA/J.P. Morgan Investment Management, Inc.	0.54%1	8.32%	2.51%	7.81%
Investment results that approximate the performance of the Standard & Poor's MidCap 400® Stock Price Index	Index 400 Stock Portfolio2	MSA/Northern Trust Investments, Inc.	0.24%1	7.24%	8.85%	10.44%
Long-term growth of capital; current income is a secondary objective	Mid Cap Value Portfolio2	MSA/American Century Investment Management, Inc.	0.71%1	9.16%	8.96%	9.25%
Long-term growth of capital	Small Cap Growth Stock Portfolio2	MSA/Wellington Management Company LLP	0.56%	6.93%	1.29%	8.82%
Investment results that approximate the performance of the Standard & Poor's SmallCap 600® Index	Index 600 Stock Portfolio2	MSA/Northern Trust Investments, Inc.	0.26%	5.78%	6.98%	9.48%

Investment Objective	Portfolio and Adviser/Sub-adviser (if applicable)		Current Expenses	Average Annual Total Returns (as of 12/31/2025)
				1 Year	5 Year	10 Year
Capital appreciation	Fidelity® VIP Health Care Portfolio - Initial Class9	FMR10	0.59%	14.39%	4.18%	8.75%
Capital appreciation	Fidelity® VIP Technology Portfolio - Initial Class9	FMR10	0.56%	23.36%	16.83%	23.76%
Seek to provide investment results that correspond to the aggregate price and interest performance of debt securities in the Bloomberg U.S. Aggregate Bond Index	Fidelity® VIP Bond Index Portfolio - Initial Class9	FMR 10	0.14%	6.98%	-0.57%	N/A
Long-term growth of capital	John Hancock Disciplined Value International Trust - Series NAV11	John Hancock Variable Trust Advisers LLC/Boston Partners Global Investors, Inc.	0.79%	41.02%	12.70%	8.97%
Long-term capital appreciation and current income	John Hancock Real Estate Securities Trust - Series NAV11	John Hancock Variable Trust Advisers LLC/Wellington Management Company LLP	0.76%1	0.63%	5.77%	5.91%
High level of current income	John Hancock Strategic Income Opportunities Trust - Series NAV11	John Hancock Variable Trust Advisers LLC/Manulife Investment Management (US) LLC	0.74%1	7.51%	1.61%	3.26%
Long-term growth of capital by investing primarily in securities of companies that meet the Portfolio's environmental, social and governance criteria	Quality Equity Portfolio12 (formerly "Sustainable Equity Portfolio")	Neuberger Berman Investment Advisers LLC	0.87%	13.71%	12.83%	12.94%
Long-term growth of capital	U.S. Strategic Equity Fund13	Russell Investment Management LLC (RIM)14	0.87%1	14.43%	10.66%	12.45%
Long-term growth of capital	U.S. Small Cap Equity Fund13	RIM14	1.06%1	8.34%	7.15%	8.98%
Current income and long- term growth of capital	Global Real Estate Securities Fund13	RIM14	0.90%	8.59%	2.55%	3.57%
Long-term growth of capital	International Developed Markets Fund13	RIM14	0.95%1	28.64%	8.53%	7.51%
Provide total return	Strategic Bond Fund13	RIM14	0.65%1	7.35%	-1.07%	1.77%
Current income and moderate long-term capital appreciation	LifePoints® Variable Target Portfolio Series Moderate Strategy Fund13	RIM14	0.83%1	12.24%	3.96%	5.05%
Above-average long-term capital appreciation and a moderate level of current income	LifePoints® Variable Target Portfolio Series Balanced Strategy Fund13	RIM14	0.89%1	14.96%	6.39%	6.88%
High long-term capital appreciation; and as a secondary objective, current income	LifePoints® Variable Target Portfolio Series Aggressive Strategy Fund13	RIM14	0.95%1	17.45%	8.56%	8.59%
High long-term capital appreciation	LifePoints® Variable Target Portfolio Series Equity Aggressive Strategy Fund13	RIM14	0.98%1	18.47%	9.53%	9.23%

Fixed Account Investment Options Available Under the Contract

The following is a list of Fixed Options currently available under the Contract. We may change the features of the Fixed Options listed below, offer new Fixed Options, and terminate existing Fixed Options. We will provide you with notice before doing so. See "The Investment Options - Fixed Option(s)" above for more information.

Note: If amounts are withdrawn from Guaranteed Interest Fund 8 before the end of its term, we will apply a Market Value Adjustment. A negative Market Value Adjustment will result in the loss of some or all previously credited interest in excess of the minimum guaranteed annual effective interest rate for GIF 8, if any. See "Charges and Adjustments - Adjustments" for more information.  

Name	Term	Minimum Guaranteed Interest Rate
Guaranteed Interest Fund 1	1 Year	0.50%
Guaranteed Interest Fund 8	8 Years	0.50%

Additional Information

More information about the Contract and Separate Account is included in a Statement of Additional Information ("SAI"), which is dated the same day as this Summary Prospectus and the Prospectus, and is available free of charge from The Northwestern Mutual Life Insurance Company. To request a free copy of the Separate Account's SAI, or current annual report, send a written request to Northwestern Mutual, Risk Products Department, Room T10, 720 East Wisconsin Avenue, Milwaukee, WI 53202 or call us at (866) 910-1232. Under certain circumstances you or your Financial Representative may be able to obtain these documents online at www.nmprospectus.com. Reports and other information about the Separate Account are available on the SEC's Internet site at www.sec.gov, or they may be obtained, upon payment of a duplicating fee, by electronic request at the following email address: [email protected].

This Summary Prospectus incorporates by reference the Prospectus for the Contract and the SAI, both dated May 1, 2026, as amended or supplemented.

 

Edgar Contract Identifier C000000092