Common use of RIGHT TO RETURN POLICY Clause in Contracts

RIGHT TO RETURN POLICY. Please read this Policy carefully. The Policy may be returned by the Owner for any reason within ten days after it was received. If this Policy is a replacement (as indicated on the application attached to this Policy), the Policy may be returned by the Owner for any reason within thirty days after it was received. The Policy may be returned to the Northwestern Mutual agent who sold it to you or to the Company at ▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇▇▇▇▇▇▇, ▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇ (“Home Office”), ▇▇▇-▇▇▇-▇▇▇▇. If returned, the Policy will be considered void from the beginning. The Company will refund the sum of (a) the Contract Fund Value on the date the returned Policy is received at the Home Office plus (b) any Premium Expense Charge, Monthly Policy Charge and service charges deducted under this Policy. Insured 20{▇▇▇▇ ▇. ▇▇▇} Issue Age 22{and Sex} 23{35} 24{Male} Policy Date 21{November 1, 2019} Policy Number 25{00 000 000} Plan Northwestern Mutual Specified Amount $2{350,000.00} Executive Variable Universal Life • Section 1.1 Life Insurance Benefit 9 • Section 1.2 Entire Contract; Changes 9 • Section 1.3 Incontestability 9 • Section 1.4 Suicide 10 • Section 1.5 Policy Date, Date of Issue, and Attained Age 10 • Section 1.6 Misstatement 10 • Section 1.7 Payments by the Company 10 • Section 1.8 Insurability Requirements 10 • Section 1.9 Reports to Owner 11 • Section 1.10 Processing Requirements 11 • Section 1.11 Qualification as a Life Insurance Contract 11 • Section 2.1 The Owner 12 • Section 2.2 Transfer of Ownership 12 • Section 2.3 Naming and Changing a Successor Owner 12 • Section 2.4 Collateral Assignment 13 • Section 3.1 Death Benefit 13 • Section 3.2 Death Benefit Options 13 • Section 3.3 Death Benefit Option Changes 14 • Section 3.4 Changes in Specified Amount 15 • Section 3.5 Death Benefit Guarantee 15 • Section 4.1 Premium Payment 16 • Section 4.2 Net Premium 16 • Section 4.3 Allocation of Net Premiums and Subsequent Transfers 16 • Section 4.4 Premium Limitations 17 • Section 4.5 Premium Allocation and Transfer Limitations 18 • Section 4.6 Grace Period 19 • Section 4.7 Reinstatement 20 • Section 5.1 Dividends 20 • Section 5.2 Use of Annual Dividends 21 • Section 5.3 Dividend at Death 21 • Section 6.1 The Separate Account 21 • Section 6.2 The Account Divisions 22 • Section 6.3 Funds and Portfolios 22 • Section 6.4 Valuation Date and Valuation Period 22

RIGHT TO RETURN POLICY. Please read this Policy carefully. The Policy may be returned by the Owner for any reason within ten days after it was received. If this Policy is a replacement (as indicated on the application attached to this Policy), the Policy may be returned by the Owner for any reason within thirty days after it was received. The Policy may be returned to the Northwestern Mutual agent who sold it to you or to the Company at ▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇▇▇▇▇▇▇, ▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇ (“Home Office”), ▇▇▇-▇▇▇-▇▇▇▇. If returned, the Policy will be considered void from the beginning. The Company will refund the sum of (a) the Contract Fund Value on the date the returned Policy is received at the Home Office plus (b) any Premium Expense Charge, Monthly Policy Charge and service charges deducted under this Policy. Insured 2021{▇▇▇▇ ▇. ▇▇▇} Issue Age 22{and 23{and Sex} 23{3524{35} 24{Male25{Male} Policy Date 21{November 22{November 1, 2019} Policy Number 25{00 26{00 000 000} Plan Northwestern Mutual Variable Universal Life Plus Specified Amount $2{350,000.00} Executive Variable Universal Life • Section 1.1 Life Insurance Benefit 9 • Section 1.2 Entire Contract; Changes 9 • Section 1.3 Incontestability 9 • Section 1.4 Suicide 10 • Section 1.5 Policy Date, Date of Issue, and Attained Age 10 • Section 1.6 Misstatement 10 • Section 1.7 Payments by the Company 10 • Section 1.8 Insurability Requirements 10 • Section 1.9 Reports to Owner 11 • Section 1.10 Processing Requirements 11 • Section 1.11 Qualification as a Life Insurance Contract 11 • Section 2.1 The Owner 12 • Section 2.2 Transfer of Ownership 12 • Section 2.3 Naming and Changing a Successor Owner 12 • Section 2.4 Collateral Assignment 13 • Section 3.1 Death Benefit 13 • Section 3.2 Death Benefit Options 13 • Section 3.3 Death Benefit Option Changes 14 • Section 3.4 Changes in Specified Amount 15 • Section 3.5 Death Benefit Guarantee 15 • Section 4.1 Premium Payment 16 • Section 4.2 Net Premium 16 • Section 4.3 Allocation of Net Premiums and Subsequent Transfers 16 17 • Section 4.4 Premium Limitations 17 18 • Section 4.5 Premium Allocation and Transfer Limitations 18 • Section 4.6 Grace Period 19 • Section 4.7 Reinstatement 20 • Section 5.1 Dividends 20 21 • Section 5.2 Use of Annual Dividends 21 • Section 5.3 Dividend at Death 21 • Section 6.1 The Separate Account 21 • Section 6.2 The Account Divisions 22 • Section 6.3 Funds and Portfolios 22 • Section 6.4 Valuation Date and Valuation Period 2223