Northwestern Mutual LOG IN CLAIMS LIFE INSURANCE Protect the life you love. You've worked hard to build a life you enjoy with the people you love, now it's time to protect it all. You won't have to wonder how much or what type of life insurance you need, we make it easy. Calculate your coverage Life insurance that's the best fit for your life. Since everyone's situation and goals are different, our policies are designed differently, too. Depending on what you need, our life insurance can simply be your safety net from the unexpected, or it can be the foundation of a smart financial plan, giving you more financial flexibility for the things that are important during your life like paying for college, growing your business, and having more income in retirement. At Northwestern Mutual, our advisors base their recommendations on your priorities and what you can afford—so you get only the life insurance you need, and nothing you don't. Connect with an advisor See our life insurance guide You've got life insurance questions, we've got answers. What is life insurance, exactly? Life insurance is simple. You make reoccurring payments (your premium), and we pay a set amount of money, tax-free, to whoever you choose (your beneficiaries), including your favorite charities if you want, when you pass away. Why do I need a life insurance policy? Life insurance helps cover expenses like a mortgage, debts, your kids’ tuition, even replacing lost income when you’re no longer here. Depending on the type you get, it can be the foundation for a sound financial plan and help with expenses during your life. Is life insurance affordable? Surprisingly so, but there are a lot of options to choose from so the cost will vary, too. What you pay monthly (or yearly) will depend on things like the type and amount of life insurance that will fit your needs, as well as your age and health. Isn't life insurance through my work enough? Life insurance offered through your employer usually won't give you the coverage amount you may need, and the rates may go up year after year costing you more over time. Plus, if you ever leave your job, you can't take your coverage with you. What if I need a life insurance policy fast? You may be eligible for our exclusive underwriting process that uses the power of data to speed up decisions and eliminate the need for detailed medical records so you can get your life insurance application approved as soon as the same day.7 Can a life insurance policy earn money? Yes, two ways: dividends (while not guaranteed, we’ve paid them every year since 1872) can be taken as cash, used to pay premiums, or buy more coverage. Some policies like whole life insurance also build cash value over time that you can use for anything throughout your life. Get insurance We have many types of life insurance to choose from Whole life insurance Be protected your entire life1 and build cash value that's guaranteed to grow no matter which way the markets go. Use it for anything like helping to pay for your kids' college, upgrading your home, expanding your business, or as additional retirement income.2 Find out more Universal life insurance Have coverage that lasts your whole life1 and gives you more flexibility now and down the road—letting you change your payment amount (premiums) and schedule3 to fit your life and budget, while still giving you benefits you can use throughout your life. Find out more Variable universal life insurance You'll get lifelong protection with variable universal life, plus you get to choose how you want your policy's cash value to be invested in the markets4 so you can have the chance to boost its growth over time. Find out more Term life insurance This is the simplest way to get started with life insurance. Term life covers you for a set amount of time such as 10, 15, or 20 years, and once that term ends, so does your policy. But if your needs change along the way, you’ll have an opportunity to switch to lifelong coverage. Find out more Compare our types of insurance How much do you know about life insurance? Take our quiz Which type of life insurance is best for you? Compare them. Benefits Whole Universal Variable Universal Term Guaranteed payout for your loved ones* Chance to receive a dividend (yearly payout)5 Coverage that lasts for your entire life* Builds cash value over time that can be used for anything2 Choose amount and frequency of payments** Flexibility to change coverage amount Premiums (payments) that never increase Choose how your cash value is invested * Unless you cancel or stop paying your premiums. ** Subject to policy minimums. Independent of the death benefit. Learn more Learn more Learn more Learn more 1/4 Get matched with a financial advisor in four easy steps. What's your biggest financial goal?* Choose one Buy a home Save for college Save for retirement Protect my income Plan for my growing family Protect my family Grow my business Grow my investments I'm not sure ? Next The key to a smart financial plan? Life insurance. Most people don't see life insurance as a key part of their financial big picture. At Northwestern Mutual, our advisors6 blend the right insurance (and amount) together with smart investment strategies to create a personalized financial plan that's designed to help you: Protect everything you've worked so hard for Make the most of what you have with recommendations for saving and paying down debt Grow your money with an investment strategy designed for your goals Our approach to planning Life Insurance Calculator How much life insurance is right for you? Calculate it The Northwestern Mutual difference No. 1 Best Life Insurance Company ranked by NerdWallet in 20208 A++ AAA, Aaa, and AA+ the highest financial strength ratings of any life insurer from all four major rating agencies9 $6.5B In dividends expected to be paid to policyowners in 20225 97% Of our clients stay with us year over year10 Boost your life insurance knowledge CALCULATOR Life Insurance Calculator Calculate it QUIZ How Much Do You Know About Life Insurance? Take the quiz GUIDE Life Insurance Guide Learn more ARTICLE NOVEMBER 16, 2021 What Is Supplemental Life Insurance? Learn more ARTICLE NOVEMBER 12, 2021 How Return-of-Premium Life Insurance Works Learn more QUIZ How Much Do You Know About Working With a Financial Advisor? Take the quiz Ready? Get a life insurance quote today. Our advisors will help you find the right type, and amount, of life insurance for your goals and budget. It's easy to get started—no commitment, just a conversation Let's talk Find What You're Looking for at Northwestern Mutual 1 Assumes that all premiums are paid. The amount of your payments will directly affect your policy's cash value, as well as your ability to maintain coverage in the future. 2 Your policy's cash value typically becomes a useful source of funds only after several years of premium payments, which allows the cash value to build up. Each method of utilizing your policy's cash value has advantages and disadvantages and is subject to different tax consequences. Surrenders of, withdrawals from and loans against a policy will reduce the policy's cash surrender value and death benefit and may also affect any dividends paid on the policy. As a general rule, surrenders and withdrawals are taxable to the extent they exceed the cost basis of the policy, while loans are not taxable when taken. Loans taken against a life insurance policy can have adverse effects if not managed properly. Policy loans and automatic premium loans, including any accrued interest, must be repaid in cash or from policy values upon policy termination or the death of the insured. Repayment of loans from policy values (other than death proceeds) can potentially trigger a significant tax liability, and there may be little or no cash surrender value remaining in the policy to pay the tax. If loans equal or exceed the cash value, the policy will terminate if additional cash payments are not made. Policyowners should consult with their tax advisors about the potential impact of any surrenders, withdrawals or loans. 3 Subject to age, insurability requirements, limits mandated by tax code and a minimum cash value to cover policy expenses. 4 All investments carry some level of risk. No investment strategy can guarantee a profit or protect against a loss. 5 Dividends are reviewed annually and are not guaranteed. Some policies may not receive dividends in a particular year or years even while other policies receive dividends. For universal life products, in lieu of dividends, experience is reflected through changes to nonguaranteed charges and credits. 6 Not all Northwestern Mutual representatives are advisors. Only those representatives with the titles "Financial Advisor" or "Wealth Management Advisor" are credentialed as NMWMC representatives to provide advisory services. Not all Northwestern Mutual representatives can sell securities (investments), only those who are registered representatives (FINRA Series 6 or 7). 7 Some clients will need additional underwriting requirements. 8 ©2017–2020 and TM, NerdWallet, Inc. All Rights Reserved. 9 Northwestern Mutual continues to have the highest financial strength ratings awarded to any U.S. life insurer by all four of the major rating agencies: A.M. Best Company, A++ (highest), May 2021; Fitch Ratings, AAA (highest), August 2020; Moody's Investors Service, Aaa (highest), May 2021; S&P Global Ratings, AA+ (second highest), July 2021. Third-party ratings are subject to change. Ratings are for The Northwestern Mutual Life Insurance Company and Northwestern Long Term Care Insurance Company. 10 Loyalty is based on Northwestern Mutual client data. To be used with forms numbers ICC17.UU.WL.(0119), ICC12.TT.TERM.(0513), UU.VULP.(1019) AND ICC17.UU.SWL.(0119) or state equivalent. Not all contracts are available in all states. 90-2723-91 (0721) Northwestern Mutual General Disclaimer Northwestern Mutual is the marketing name for The Northwestern Mutual Life Insurance Company and its subsidiaries. Life and disability insurance, annuities, and life insurance with long-term care benefits are issued by The Northwestern Mutual Life Insurance Company, Milwaukee, WI (NM). Long-term care insurance is issued by Northwestern Long Term Care Insurance Company, Milwaukee, WI, (NLTC) a subsidiary of NM. Investment brokerage services are offered through Northwestern Mutual Investment Services, LLC (NMIS) a subsidiary of NM, broker-dealer, registered investment adviser, and member FINRA and SIPC. Investment advisory and trust services are offered through Northwestern Mutual Wealth Management Company® (NMWMC), Milwaukee, WI, a subsidiary of NM and a federal savings bank. Products and services referenced are offered and sold only by appropriately appointed and licensed entities and financial advisors and professionals. Not all products and services are available in all states. Not all Northwestern Mutual representatives are advisors. Only those representatives with "Advisor" in their title or who otherwise disclose their status as an advisor of NMWMC are credentialed as NMWMC representatives to provide investment advisory services. Northwestern Mutual Footer Navigation About Us Newsroom Careers Information Protection Business Services Contact Us FAQs Legal Notice Sitemap Privacy Notices Connect with us Over 6,400 Financial Advisors and Professionals Nationwide*Find an Advisor Footer Copyright *Based on Northwestern Mutual internal data, not applicable exclusively to disability insurance products. Copyright © 2021 The Northwestern Mutual Life Insurance Company, Milwaukee, WI. All Rights Reserved. Northwestern Mutual is the marketing name for The Northwestern Mutual Life Insurance Company and its subsidiaries.