An annuity contract used exclusively for funding qualified retirement benefit plans on a group basis. Group Specialist An expert in the group health or disability insurance market. Typically, company growth exhibits stable increases with no erratic patterns. Distortions in growth rates are most likely to be experienced by small, newly formed companies which tend to grow at faster rates than older, more established companies. This refers to circumstances when Northwestern Mutual will guarantee policy issue, but not the premium, on certain employer-sponsored group plans.
Limitations apply for both life insurance and disability insurance coverage.
The minimum values guaranteed by the policy that will be available on surrender of the contract, assuming all required or illustrated premiums have been paid to the date of surrender. A term used on Northwestern Mutual sales illustrations indicating that the illustrated policy loan has not been deducted from the guaranteed cash value. For fixed annuity contracts, the beneficiary receives the accumulation value if the annuitant dies before the contract matures. The minimum death benefit that will be paid, regardless of dividend and investment experience. The benefit can be adversely affected by untimely premium payment and policy loans.