MILWAUKEE, DEC. 20— Knowing the disruption Northwestern Mutual clients in Iowa and Illinois are enduring as they may be displaced from their homes and businesses, the financial security company has temporarily extended the grace period for life, disability income and long-term care insurance policies that would otherwise lapse due to delayed payments.
The grace period applies to clients in counties in Illinois and Indiana that have been declared disaster areas. Northwestern Mutual will also work with these clients to determine payment options to meet special needs.
Northwestern Mutual clients who may have a change of address, need to change electronic funds transfer directions or have other service needs are encouraged to contact their financial representative or call the Northwestern Mutual policyowner services hotline at 800-388-8123.
About Northwestern Mutual
Northwestern Mutual is the marketing name for The Northwestern Mutual Life Insurance Company, Milwaukee, WI, and its subsidiaries. Northwestern Mutual is among the "World's Most Admired" life insurance companies in 2013 according to FORTUNE® magazine and has helped clients achieve financial security for more than 156 years. As a mutual company with $1.4 trillion of life insurance protection in force, Northwestern Mutual has no shareholders. The company focuses solely and directly on its clients and seeks to deliver consistent and dependable value to them over time. Northwestern Mutual and its subsidiaries offer a holistic approach to financial security solutions including: life insurance, long-term care insurance, disability income insurance, annuities, investment products, and advisory products and services. Subsidiaries include Northwestern Mutual Investment Services, LLC, broker-dealer, registered investment adviser, member FINRA and SIPC; the Northwestern Mutual Wealth Management Company, limited purpose federal savings bank; Northwestern Long Term Care Insurance Company; and Russell Investments. Further information can be found at http://www.northwesternmutual.com.
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