As filed with the Securities and Exchange Commission on November 3, 2000.
--------------------------------------------------------------------------------
File Nos. 033-35412
811-06116
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM N-4
REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933
POST-EFFECTIVE AMENDMENT NO. 30
AND/OR
REGISTRATION STATEMENT UNDER THE INVESTMENT COMPANY ACT OF 1940
AMENDMENT NO. 37
NORTHBROOK VARIABLE ANNUITY ACCOUNT II
(Exact Name of Registrant)
NORTHBROOK LIFE INSURANCE COMPANY
(Name of Depositor)
MICHAEL J. VELOTTA
VICE PRESIDENT, SECRETARY AND GENERAL COUNSEL
NORTHBROOK LIFE INSURANCE COMPANY
3100 SANDERS ROAD
NORTHBROOK, ILLINOIS 60062
847/402-2400
(Name and Complete Address of Agent for Service)
COPIES TO:
CHARLES M. SMITH, JR., ESQUIRE DANIEL J. FITZPATRICK, ESQUIRE
NORTHBROOK LIFE INSURANCE COMPANY DEAN WITTER REYNOLDS INC.
3100 SANDERS ROAD, SUITE J5B TWO WORLD TRADE CENTER
NORTHBROOK, ILLINOIS 60062 NEW YORK, NEW YORK 10048
APPROXIMATE DATE OF PROPOSED PUBLIC OFFERING: CONTINUOUS
IT IS PROPOSED THAT THIS FILING WILL BECOME EFFECTIVE (CHECK APPROPRIATE BOX)
__ immediately upon filing pursuant to paragraph (b) of Rule 485
_X on November 6, 2000 pursuant to paragraph (b) of Rule 485
_ 60 days after filing pursuant to paragraph (a)(1) of Rule 485
__ on (date) pursuant to paragraph (a)(1) of Rule 485
IF APPROPRIATE, CHECK THE FOLLOWING BOX:
[__] This post-effective amendment designates a new effective date for a
previously filed post-effective amendment.
TITLE OF SECURITIES BEING REGISTERED: Units of Interest in the Northbrook
Variable Annuity Account II under Deferred Variable Annuity Contracts.
<PAGE>
Explanatory Note
Registrant is filing this post-effective amendment ("Amendment") for the purpose
of adding a new variable sub-account that will be available under the deferred
variable annuity contracts described in the registration statement and to make
additional nonmaterial changes to the registration statement. The Amendment is
not intended to amend or delete any part of the registration statement, except
as specifically noted herein.
<PAGE>
Northbrook Life Insurance Company
Northbrook Variable Annuity Account II
Supplement, dated November 6, 2000, to the
Morgan Stanley Dean Witter Variable Annuity 3
Prospectus dated May 2, 2000
Morgan Stanley Dean Witter Variable Annuity 3 AssetManager
Prospectus dated September 12, 2000
This supplement amends the above-referenced prospectuses for the Morgan Stanley
Dean Witter Variable Annuity 3 Contracts ("VA 3 Contracts") and Morgan Stanley
Dean Witter Variable Annuity 3 Asset Manager Contracts ("Asset Manager
Contracts"), offered by Northbrook Life Insurance Company, to add a new Variable
Sub-Account and to make additional nonmaterial changes. Please keep this
supplement for future reference together with your prospectus.
Cover page: Replace the second paragraph with the following:
(VA 3 Contracts)
The Contract offers 36 investment alternatives ("investment
alternatives"). The investment alternatives include 4 fixed account
options ("Fixed Account Options") and 32 variable sub-accounts
("Variable Sub-Accounts") of the Northbrook Variable Annuity Account II
("Variable Account"). Each Variable Sub-Account invests exclusively in
shares of portfolios ("Portfolios") of the following mutual funds
("Funds"):
Change all references throughout the prospectus to the availability of
"31" Variable Sub-Accounts to "32" Variable Sub-Accounts, and "35"
investment alternatives to "36" investment alternatives.
(AssetManager Contracts)
The Contract offers 35 investment alternatives ("investment
alternatives"). The investment alternatives include 3 fixed account
options ("Fixed Account Options") and 32 variable sub-accounts
("Variable Sub-Accounts") of the Northbrook Variable Annuity Account II
("Variable Account"). Each Variable Sub-Account invests exclusively in
shares of portfolios ("Portfolios") of the following mutual funds
("Funds"):
Change all references throughout the prospectus to the availability of
"31" Variable Sub-Accounts to "32" Variable Sub-Accounts, and "34"
investment alternatives to "35" investment alternatives.
Page 8: Insert the following to the chart describing Fund Annual Expenses under
the Section "Morgan Stanley Dean Witter Variable Investment Series (Class Y
Shares)":
<TABLE>
<CAPTION>
----------------------------------------------- ----------------------- ---------------- -------------- --------------------
Management Fees 12b-1 Fees Other Total Annual
Portfolio --------------- ---------- Expenses Portfolio Expenses
----------------------------------------------- ----------------------- ---------------- -------------- --------------------
----------------------------------------------- ----------------------- ---------------- -------------- --------------------
<S> <C> <C> <C> <C>
Information 0.75% 0.25% 0.0232% 1.0232%
----------------------------------------------- ----------------------- ---------------- -------------- --------------------
</TABLE>
Page 8: Replace the first sentence of footnote (1) to the chart describing "Fund
Annual Expenses" with the following:
Figures shown in the table are for the year ended December 31, 1999,
unless otherwise noted. Figures for the Information Portfolio, which
commenced operations on November 6, 2000, are based on estimates for
the Portfolio's current fiscal year.
Page 9: Insert the following as footnote (8):
Prior to November 6, 2000, the Information Portfolio had not commenced
operations. Morgan Stanley Dean Witter Advisors Inc. has agreed to
assume all operating expenses (except for brokerage and 12b-1 fees) and
waive the compensation provided in its management agreement with the
Fund until such time as the Portfolio has $50 million in net assets or
until April 5, 2001, whichever occurs first.
Page 10 (for VA3 Contracts): Insert the following to Example 1:
<TABLE>
<CAPTION>
-------------------------------------------- -------------- -------------- --------------- ----------------
<S> <C> <C> <C> <C>
Variable Sub-Account 1 Year 3 Years 5 Years 10 Years
--------------------- ------ ------- ------- --------
-------------------------------------------- -------------- -------------- --------------- ----------------
-------------------------------------------- -------------- -------------- --------------- ----------------
Information $72 $124 $170 $323
-------------------------------------------- -------------- -------------- --------------- ----------------
Page 11 (for VA3 Contracts): Insert the following to Example 2:
-------------------------------------------- -------------- -------------- --------------- ----------------
Variable Sub-Account 1 Year 3 Years 5 Years 10 Years
-------------------- ------ ------- ------- --------
-------------------------------------------- -------------- -------------- --------------- ----------------
-------------------------------------------- -------------- -------------- --------------- ----------------
Information $29 $90 $153 $323
-------------------------------------------- -------------- -------------- --------------- ----------------
</TABLE>
Page 10 (for AssetManager Contracts): Insert the following to Example 1:
<TABLE>
<CAPTION>
-------------------------------------------- -------------- -------------- --------------- ----------------
<S> <C> <C> <C> <C>
Variable Sub-Account 1 Year 3 Years 5 Years 10 Years
--------------------- ------ ------- ------- --------
-------------------------------------------- -------------- -------------- --------------- ----------------
-------------------------------------------- -------------- -------------- --------------- ----------------
Information $31 $95 $161 $338
-------------------------------------------- -------------- -------------- --------------- ----------------
Page 11 (for AssetManager Contracts): Insert the following to Example 2:
-------------------------------------------- -------------- -------------- --------------- ----------------
Variable Sub-Account 1 Year 3 Years 5 Years 10 Years
-------------------- ------ ------- ------- --------
-------------------------------------------- -------------- -------------- --------------- ----------------
-------------------------------------------- -------------- -------------- --------------- ----------------
Information $31 $95 $161 $338
-------------------------------------------- -------------- -------------- --------------- ----------------
Page 17 (p. 16 for AssetManager Contracts): Insert the following to the table
describing the "investment objective" of each Fund to be included in the section
titled "Morgan Stanley Dean Witter Variable Investment Series":
-------------------------------------------------- ---------------------------------------------------------
Portfolio: Each Portfolio Seeks:
-------------------------------------------------- ---------------------------------------------------------
-------------------------------------------------- ---------------------------------------------------------
Information Portfolio Long-term capital appreciation
-------------------------------------------------- ---------------------------------------------------------
</TABLE>
<PAGE>
Northbrook Life Insurance Company
Northbrook Variable Annuity Account II
Supplement, dated November 6, 2000, to the
Morgan Stanley Dean Witter Variable Annuity 3
Statement of Additional Information dated May 2, 2000
Morgan Stanley Dean Witter Variable Annuity 3 AssetManager
Statement of Additional Information dated September 12, 2000
This supplement amends certain disclosure contained in the above-referenced
Statements of Additional Information ("SAI") for the Morgan Stanley Dean Witter
Variable Annuity 3 ("VA 3 Contracts") and Morgan Stanley Variable Annuity 3
AssetManager Contracts ("AssetManager Contracts"), offered by Northbrook Life
Insurance Company, to add one new Variable Sub-Account.
In the section entitled "Standardized Total Returns," the last sentence in the
fifth paragraph is deleted and replaced with the following:
No standardized total returns are shown for the Variable Sub-Accounts
marked with an asterisk (*) below which commenced operations on:
January 31, 2000; May 1, 2000; or November 6, 2000, as indicated below.
In the table entitled "Variable Sub-Account Inception Dates" and following the
Variable Sub-Account Aggressive Equity, insert:
Variable Sub-Account Date
Information* November 6, 2000
In the section entitled "Non-Standardized Total Returns," the last sentence in
the sixth paragraph is deleted and replaced with the following:
In addition, no standardized total returns are shown for the Variable
Sub-Accounts which commenced operations on: January 31, 2000; May 1, 2000; and
November 6, 2000, respectively.
Insert the following to the tables describing Variable Sub-Account performance
for each category of performance shown under Standardized total Returns and
under Non-Standardized Total Returns:
<TABLE>
<CAPTION>
Variable Sub-Account One Year Five Years 10 Years or
-------------------- -------- ---------- Since Inception
---------------
<S> <C> <C> <C>
MSDW Information N/A N/A N/A
</TABLE>
In the first table in the section entitled "Adjusted Historical Returns" and
following the Variable Sub-Account Aggressive Equity, insert:
Variable Sub-Account Inception Date of
-------------------- Corresponding Portfolio
-----------------------
Information* November 6, 2000
Insert the following to the tables describing Variable Sub-Account performance
for each category of performance shown under Adjusted Historical Returns:
<TABLE>
<CAPTION>
Variable Sub-Account One Year Five Years 10 Years or
-------------------- -------- ---------- Since Inception
----------------
<S> <C> <C> <C>
MSDW Information N/A N/A N/A
</TABLE>
<PAGE>
Northbrook Life Insurance Company
Northbrook Variable Annuity Account II
Supplement, dated November 6, 2000, to the
Morgan Stanley Dean Witter Variable Annuity II
Prospectus dated May 2, 2000
Morgan Stanley Dean Witter Variable Annuity II AssetManager
Prospectus dated May 2, 2000
This supplement amends the above-referenced prospectuses for the Morgan Stanley
Dean Witter Variable Annuity II Contracts ("VA II Contracts") and Morgan Stanley
Dean Witter Variable Annuity II Asset Manager Contracts ("Asset Manager
Contracts"), offered by Northbrook Life Insurance Company, to add a new Variable
Sub-Account, the Information Portfolio, and to make additional nonmaterial
changes. Please keep this supplement for future reference together with your
prospectus.
Cover page: Replace the second paragraph with the following:
(VA II Contracts)
The Contract offers 36 investment alternatives ("investment
alternatives"). The investment alternatives include 4 fixed account
options ("Fixed Account Options") and 32 variable sub-accounts
("Variable Sub-Accounts") of the Northbrook Variable Annuity Account II
("Variable Account"). Each Variable Sub-Account invests exclusively in
shares of portfolios ("Portfolios") of the following mutual funds
("Funds"):
Change all references throughout the prospectus to the availability of
"31" Variable Sub-Accounts to "32" Variable Sub-Accounts, and "35"
investment alternatives to "36" investment alternatives.
(AssetManager Contracts)
The Contract offers 25 investment alternatives ("investment
alternatives"). The investment alternatives include 3 fixed account
options ("Fixed Account Options") and 22 variable sub-accounts
("Variable Sub-Accounts") of the Northbrook Variable Annuity Account II
("Variable Account"). Each Variable Sub-Account invests exclusively in
shares of portfolios ("Portfolios") of the following mutual funds
("Funds"):
Change all references throughout the prospectus to the availability of
"21" Variable Sub-Accounts to "22" Variable Sub-Accounts, and "24"
investment alternatives to "25" investment alternatives.
Page 8: Insert the following to the chart describing Fund Annual Expenses under
the Section "Morgan Stanley Dean Witter Variable Investment Series":
<TABLE>
<CAPTION>
----------------------------------------------- ----------------------- ---------------- -------------- --------------------
Portfolio Management Fees 12b-1 Fees Other Total Annual
Expenses Portfolio Expenses
----------------------------------------------- ----------------------- ---------------- -------------- --------------------
----------------------------------------------- ----------------------- ---------------- -------------- --------------------
<S> <C> <C> <C> <C>
Information 0.75% -- 0.0232% 0.7732%
----------------------------------------------- ----------------------- ---------------- -------------- --------------------
</TABLE>
Page 8: Replace the first sentence of footnote (1) to the chart describing "Fund
Annual Expenses" with the following:
Figures shown in the table are for the year ended December 31, 1999,
unless otherwise noted. Figures for the Information Portfolio, which
commenced operations on November 6, 2000, are based on estimates for
the Portfolio's current fiscal year.
Page 9: Insert the following as footnote (6) for VA II Contracts and footnote
(5) for AssetManager Contracts:
Prior to November 6, 2000, the Information Portfolio had not commenced
operations. Morgan Stanley Dean Witter Advisors Inc. has agreed to
assume all operating expenses (except for brokerage fees) and waive the
compensation provided in its management agreement with the Fund until
such time as the Portfolio has $50 million in net assets or until April
5, 2001, whichever occurs first.
Page 10: Insert the following to Example 1:
<TABLE>
<CAPTION>
-------------------------------------------- -------------- -------------- --------------- ----------------
<S> <C> <C> <C> <C>
Variable Sub-Account 1 Year 3 Years 5 Years 10 Years
-------------------- ------ ------- ------- --------
-------------------------------------------- -------------- -------------- --------------- ----------------
-------------------------------------------- -------------- -------------- --------------- ----------------
Information $67 $102 $139 $277
-------------------------------------------- -------------- -------------- --------------- ----------------
Page 11: Insert the following to Example 2:
-------------------------------------------- -------------- -------------- --------------- ----------------
Variable Sub-Account 1 Year 3 Years 5 Years 10 Years
-------------------- ------ ------- ------- --------
-------------------------------------------- -------------- -------------- --------------- ----------------
-------------------------------------------- -------------- -------------- --------------- ----------------
Information $25 $76 $130 $277
-------------------------------------------- -------------- -------------- --------------- ----------------
</TABLE>
Page 9: (for AssetManager Contracts) Insert the following to Example 1:
<TABLE>
<CAPTION>
-------------------------------------------- -------------- -------------- --------------- ----------------
<S> <C> <C> <C> <C>
Variable Sub-Account 1 Year 3 Years 5 Years 10 Years
-------------------- ------ ------- ------- --------
-------------------------------------------- -------------- -------------- --------------- ----------------
-------------------------------------------- -------------- -------------- --------------- ----------------
Information $27 $83 $142 $301
-------------------------------------------- -------------- -------------- --------------- ----------------
Page 10:(for AssetManager Contracts) Insert the following to Example 2:
-------------------------------------------- -------------- -------------- --------------- ----------------
Variable Sub-Account 1 Year 3 Years 5 Years 10 Years
-------------------- ------ ------- ------- --------
-------------------------------------------- -------------- -------------- --------------- ----------------
-------------------------------------------- -------------- -------------- --------------- ----------------
Information $27 $83 $142 $301
-------------------------------------------- -------------- -------------- --------------- ----------------
Page 16 (p. 15 for AssetManager Contracts): Insert the following to the table
describing the "investment objective" of each Fund to be included in the Section
titled "Morgan Stanley Dean Witter Variable Investment Series":
-------------------------------------------------- ---------------------------------------------------------
Portfolio: Each Portfolio Seeks:
-------------------------------------------------- ---------------------------------------------------------
-------------------------------------------------- ---------------------------------------------------------
Information Portfolio Long-term capital appreciation
-------------------------------------------------- ---------------------------------------------------------
Appendix A: Insert "and the Information Sub-Account which commenced operations on November 6, 2000." at the end of the footnote
(*) on page A-2.
</TABLE>
<PAGE>
Northbrook Life Insurance Company
Northbrook Variable Annuity Account II
Supplement, dated November 6, 2000, to the
Morgan Stanley Dean Witter Variable Annuity II
Morgan Stanley Dean Witter Variable Annuity II AssetManager
Statement of Additional Information dated May 2, 2000
This supplement amends certain disclosure contained in the above-referenced
Statement of Additional Information ("SAI") for the Morgan Stanley Dean Witter
Variable Annuity II and Morgan Stanley Variable Annuity II Asset Manager
Contracts (the "Contracts"), offered by Northbrook Life Insurance Company, to
add one new Variable Sub-Account.
In the last paragraph of the section entitled "Standardized Total Returns," add
the following sentence:
The Information Sub-Account commenced operations on November 6, 2000.
In the section entitled "Non-Standardized Total Returns," add the following
sentence to the sixth paragraph:
No standardized total returns are shown for the Information Variable Sub-Account
which commenced operations on November 6, 2000.
Insert the following to the tables describing Variable Sub-Account performance
for each category of performance shown under Standardized Total Returns and
under Non-Standardized Total Returns:
<TABLE>
<CAPTION>
Variable Sub-Account One Year Five Years 10 Years or
-------------------- -------- ---------- Since Inception
-------------------
<S> <C> <C> <C>
Information N/A N/A N/A
</TABLE>
In the first table in the section entitled "Adjusted Historical Returns" and
following the Variable Sub-Account Aggressive Equity, insert:
Variable Sub-Account Inception Date of Corresponding Portfolio
-------------------- -----------------------------------------
Information November 6, 2000
Insert the following to the tables describing Variable Sub-Account performance
for each category of performance shown under Adjusted Historical Returns:
<TABLE>
<CAPTION>
Variable Sub-Account One Year Five Years 10 Years or
-------------------- -------- ---------- Since Inception
---------------
<S> <C> <C> <C>
Information N/A N/A N/A
</TABLE>
<PAGE>
PART C
OTHER INFORMATION
Part C is hereby amended to include the following exhibits:
Item 24(b) Exhibits:
(9) Opinion of Michael J. Velotta, Vice President, Secretary and General
Counsel of Allstate Life Insurance Company
<PAGE>
SIGNATURES
As required by the Securities Act of 1933 and the Investment Company Act of
1940, the Registrant certifies that it meets the requirements of Securities Act
Rule 485(b) for effectiveness of this Amended Registration Statement and has
caused this Amended Registration Statement to be signed on its behalf by the
undersigned, thereunto duly authorized, all in the Township of Northfield, State
of Illinois, on the 1st day of November, 2000.
NORTHBROOK VARIABLE ANNUITY ACCOUNT II
(REGISTRANT)
BY: NORTHBROOK LIFE INSURANCE COMPANY
(DEPOSITOR)
By: /s/MICHAEL J. VELOTTA
--------------------------
Michael J. Velotta
Vice President, Secretary and
General Counsel
As required by the Securities Act of 1933, this Registration Statement, as
amended, has been duly signed below by the following Directors and Officers of
Northbrook Life Insurance Company on the 1st day of November, 2000.
<TABLE>
<CAPTION>
<S> <C>
*/THOMAS J. WILSON, II Director, President and Chief Executive
---------------------- Officer
Thomas J. Wilson, II
/s/ MICHAEL J. VELOTTA Director, Vice President, Secretary and
---------------------- General Counsel
Michael J. Velotta
*/MARGARET G. DYER Director
----------------------
Margaret G. Dyer
*/ MARLA G. FRIEDMAN Director and Vice President
----------------------
Marla G. Friedman
*/JOHN C. LOUNDS Director
----------------------
John C. Lounds
*/J. KEVIN McCARTHY Director
----------------------
J. Kevin McCarthy
*/STEVEN C. VERNEY Director
----------------------
Steven C. Verney
*/SAMUEL H. PILCH Vice President and Controller
----------------------
Samuel H. Pilch
*/CASEY J. SYLLA Chief Investment Officer
----------------------
Casey J. Sylla
</TABLE>
*/ By Michael J. Velotta, pursuant to Power of Attorney, filed in Registrant's
Registration Statement (File no. 333-43086).
