Achieving financial security during retirement requires planning and a strategy that preserves and continues to manage your assets throughout your lifetime. With fewer employer sponsored plans, longer life expectancy and doubts about Social Security, how can you create a predictable source of income to meet your retirement goals?
A Northwestern Mutual Select Income Annuity can play an important role in your retirement plan, now and for the future.
Northwestern Mutual offers several annuities that allow you to convert a portion of your accumulated assets into a guaranteed1 and predictable stream of income at retirement.
- Select Immediate Income Annuity
- Select Portfolio Immediate Income Annuity
- Select Deferred Income Annuity
- Select Portfolio Deferred Income Annuity
With just a single premium payment, a Select Income Annuity can provide a steady, guaranteed1 stream of predictable, fixed income from a company that has the highest financial strength ratings awarded to any life insurance company by all four of the major credit rating agencies.
Northwestern Mutual offers four types of Select income annuities to help meet your needs during retirement. All are single premium contracts and provide a reliable and guaranteed stream of income for the rest of your life. Two options provide a guaranteed fixed income payment each month, and two solutions provide the potential for income growth through dividends. Download a brochure to compare the features of these annuities.
With the immediate income annuity, income begins now or within 13 months, and the amount of income you receive each month is fixed and guaranteed1 for the rest of your life or for a specified period of time. You may choose a life plan and may add a period certain of up to 20 years, which ensures payments continue to a beneficiary in the event of your death for the remainder of the period certain.
This exclusive new retirement solution from Northwestern Mutual offers guaranteed fixed income payments and also the potential to grow your income payments with potential dividends.
This immediate income annuity allows you to leverage a single premium payment using tax-qualified funds, including rollovers from a 401(k), IRA or Roth IRA. You can start receiving guaranteed lifetime income payments immediately or within 13 months.
Learn more about Select Portfolio Immediate Income Annuity.
This income annuity may be appropriate for someone who does not have an “immediate” income need but one that will begin within a 13-month to 10-year timeframe, and who wants to lock in a guaranteed income source in the future.
The amount of income payments you receive is fixed, guaranteed and not affected by what happens in the market.
Like the Portfolio Immediate Income Annuity, this exclusive new retirement solution from Northwestern Mutual offers guaranteed income payments with income growth potential through dividends.
With this deferred income annuity, you can leverage a single premium payment using tax-qualified funds, including rollovers from a 401(k), IRA or Roth IRA. Income may begin following a 13-month deferral period or decades in the future, and payments are guaranteed for the rest of your life.
Learn more about Select Portfolio Deferred Income Annuity
An income annuity has no cash value. Once issued, it cannot be terminated (surrendered), and the money (premium) paid for the annuity is not refundable. Withdrawals are not allowed from income annuities, except for the Accelerated Withdrawal Provision on the Select Immediate Income Annuity.
Contracts and features may not be available in all states.
1All guarantees are based solely on the claims-paying ability of the issuer.
2Dividends are not guaranteed.