Emergency
COVID–19 Information

We are committed to combating racism and inequality. A message from our CEO

Get an income for life.

What is an annuity?

An annuity is a financial vehicle that lets you put money away so you can have a guaranteed,1 regular "paycheck" for the rest of your life. Annuities grow tax-deferred until they start paying you an income. You contribute to an annuity—either as a lump sum, or in several payments over time—in order to get regular payments in the future, and for the rest of your life. As a tradeoff, annuities come with less liquidity than other investments.2

More than one in three (36 percent) investors have an annuity within their investment portfolio. More than one in three (36 percent) investors have an annuity within their investment portfolio. IRI Fact Book 2014
Beach chair in the sun icon
Umbrella icon

Retirement Calculator

How much do you need to retire the way you want?

How can an annuity fit into your plan?

Retirement plans used to rely on pensions and social security. These days, with pensions no longer common and questions around the future of social security, an annuity can provide a guaranteed source of income in retirement.

An annuity can give you peace of mind that other types of investments cannot, since annuities cannot be outlived. They can cover gaps in your retirement income and give you the confidence to know that you're more likely to stay financially independent in retirement and won't become a burden to the people you love.

There are many annuities to choose from depending on your goals, time frame, risk tolerance, and family situation. Annuities can be either immediate or deferred.

Why Northwestern Mutual?

Northwestern Mutual is the second-largest deferred-income annuity provider in the U.S.3 Our annuities are backed by a history of financial strength.4 When there are guarantees provided by an annuity contract, you want to be sure that your money will be there when you need it most.

Northwestern Mutual has consistently maintained the highest available financial strength ratings from the industry's third-party rating agencies. We've weathered 160 years, two world wars, the Great Depression and the Great Recession without ever missing a payment (or even coming close).

Man drinking coffee on the porch

Who are annuities for?

Annuities are great for anyone wanting to supplement or fund his or her retirement savings with an income stream that is guaranteed to last their lifetime.

Financial Advisor Headshot

Take the next step.

Our financial advisors can help you with annuities and determine if they can fit into your financial plan.

Let's Talk

To learn more about Northwestern Mutual Investment Services, LLC and its financial professionals, visit FINRA BrokerCheck®

Visit our Client Relationship Summaries (Form CRS) which provide brief information about our firms that provide brokerage services and advisory services.

1All guarantees are backed by the claims-paying ability of the issuer.

2Withdrawals from annuities may be subject to ordinary income tax, a 10% IRS early withdrawal penalty if taken before age 59½, and contractual withdrawal charges.

3Deferred Income Annuity Sales Growth Trends (LIMRA data through June 30, 2016)

4Northwestern 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), April 2020; Fitch Ratings, AAA (highest), May 2020; Moody's Investors Service, Aaa (highest), September 2019; S&P Global Ratings, AA+ (second highest), June 2020. Third‐party ratings are subject to change. Ratings are for The Northwestern Mutual Life Insurance Company and Northwestern Long Term Care Insurance Company.

No investment strategy can guarantee a profit or protect against loss. All investments carry some level of risk including the potential loss of principal invested. Financial Representatives do not give legal or tax advice. Taxpayers should seek advice based on their particular circumstances from an independent tax advisor.

Clients should refer to the appropriate disclosure brochure for important information on NMIS and/or NMWMC, their services, fees and conflicts of interest before investing or engaging in financial planning services.