Individual Disability Income Insurance
Purchased by an individual to protect his or her most valuable asset – the ability to earn an income. Provisions and features cannot be changed by the insurance company once issued.
Each individual has unique needs and desires in protecting their income. Northwestern Mutual offers a great deal of flexibility and options that allow you to customize a policy to meet your needs, and fit within your budget.
Non-Cancellable Guaranteed Renewable
Premiums cannot be changed by the insurance company once the policy is issued.
Premiums may be changed by the insurance company on a class by class basis after the policy is issued.
Provides temporary coverage until an employee qualifies for employer-sponsored disability coverage. The policy is guaranteed renewable for one, two, three, four, or five years.
Part of every disability income insurance policy, with choices to meet your needs:
Disabilities are not always measured in consecutive days. Northwestern Mutual allows an extended period of time to accumulate days of total or partial disability toward the Beginning Date of benefits. Days of disability due to different causes will be accumulated to satisfy the Beginning Date.
Northwestern Mutual offers Maximum Benefit Periods of two years, five years, to age 65 or to age 70. Most people choose to purchase coverage that would provide disability benefits to age 65 to help insure against a long-term disability.
Definition of Total Disability
- Specifies the circumstances under which you would be considered totally disabled, and receive your full monthly benefit.
- Most disability income insurance definitions of total disability focus on the ability to perform the principal duties of the regular occupation – the job you were doing when the disability struck.
- Northwestern Mutual offers a variety of alternative definitions to best fit your unique circumstances. Depending on your state of residence there is even a definition designed specifically for physicians and dentists.
- Your financial representative will be able to recommend the best definition for you based on your specific circumstances and occupation.
Automatically part of every disability income insurance policy:
Benefits for Partial Disability
- Pays in proportion to the amount of income lost.
- Eligible when you are able to do some, but not all of your duties, or unable to spend as much time at your job as you did prior to disability.
- Pays after you return to full-time work if your income is at least 20% less than it was prior to disability.
- Paid for up to 12 months to help you transition back into productive work.
Benefits for Presumptive Total Disability
- For total and irrecoverable loss of vision, hearing, or speech, or for loss of use of two or more limbs (hands/feet).
- Benefit is paid from the date of the loss without a beginning date.
- Benefit is paid for life, as long as the disabling condition continues.
Presumptive Plus Benefit
- Adds 50% more benefit for presumptive total disability occurring prior to age 50.
Waiver of Premium
- Waives premiums on your disability insurance contract during periods of total or partial disability.
- Helps further with cash flow during a potentially difficult financial time.
Available at additional cost. May not be available in all states, with all plans, or to all insureds.
Future Increase Benefit*
- Tied to the Consumer Price Index (CPI).
- Helps your monthly benefit keep pace with inflation before and after disability.
Indexed Income Benefit*
- Tied to the Consumer Price Index (CPI).
- Helps your monthly benefit keep pace with inflation during a disability.
*Because these benefits are capped, they may not provide complete protection against inflation.
Additional Purchase Benefit
- Guarantees your ability to purchase additional disability income insurance coverage in the future regardless of changes in your health, activities, or occupation.
- Subject only to financial underwriting.
Social Insurance Substitute Benefit
- Provides disability benefits that are coordinated with benefits from the Social Security Administration (SSA) and/or State Disability Insurance (SDI) programs.
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The policies described here refer to policy forms RR.NCDI.(0101), RR.NCDI.(0909).CA, RR.GRDI.(0101), RR.GRDI.(0909).CA, RR.INT.(0101), RR.INT.(0909).CA, RR.NCDI.ML.(0101), and RR.GRDI.ML.(0101), which may not be available in all states. This information is intended to explain provisions contained in the policy; it is not the insurance contract, only the actual provisions will control. Precise contract language may vary from state to state. For costs and complete details of coverage, contact a Northwestern Mutual financial representative.
Exclusions and limitations include pre-existing conditions. There will be no benefits for a disability or loss that results from an accident that occurred within two years before the Date of Issue; or results from a sickness that existed within two years before the Date of Issue; or if the accident or sickness was not disclosed or was misrepresented in the application.
A sickness is considered to have existed if symptoms were present that would have caused a prudent person to seek diagnosis, care or treatment; or if medical advice or treatment was recommended or received from a health care practitioner.
There will be no benefits for a disability or loss that is caused or contributed to by an act or incident of war, declared or undeclared, the suspension, revocation or surrender of a professional or occupational license or certificate or the commission of or attempt to commit a felony. There will be no benefits for a disability or loss for any period the Insured is incarcerated or is excluded from coverage by an Agreement of Limitation of Coverage.
Benefits will not be provided for more than 24 monthly benefit periods in total for the life of the policy for all disabilities or losses primarily due to any mental disorder, or substance abuse or dependency. This limitation will not apply if, at the end of 24 months of benefits, the Insured is confined in a hospital and is continuously confined thereafter.