Disability Insurance
Protect your largest asset.
What is disability insurance?
Your ability to earn a living and contribute to your household is likely your most valuable asset. Disability insurance replaces a portion of your income—or helps cover the cost of household services for stay-at-home-parents—should illness or injury prevent you from doing your job. We can help protect your income, and your family, with a disability insurance policy that’s right for you, including one-of-a-kind protection for doctors and dentists.
Out of 4 employees will be disabled for three months or more at some point during their career.1
We're here to help.
Making people feel secure about their money is our highest priority. Our financial advisors will work with you to create a flexible financial plan designed to get you to your next goal. And the next.
Why do I need it?
Supplement your
employer's plan
Disability insurance lets you close the gap between what's covered by your employer's group policy and what you need to maintain your lifestyle. Even if you have group disability insurance through work, most group plans:
- Only covers a portion of your income (typically 50%-60%).
- Deliver benefits often subject to income tax.
- End when you leave the company.
- Offer short-term benefits (typically only 6-24 months).
Why Northwestern Mutual?
Affordable coverage
For less than the cost of a daily cup of coffee, your monthly disability insurance premium can help you protect your family.2
Now covering more people
Our disability insurance is more inclusive than ever, and includes offerings for stay-at-home parents and part-time employees. Even if you didn't get coverage with us in the past, it's a great time to take another look.
Coverage specifically for doctors
For people in the medical field – doctors, dentists, and medical students – disability insurance is especially important because you're not just protecting your income. You're protecting the investment you've made in your career. Our financial advisors can help you choose a policy specifically tailored to physicians. Learn More
The Northwestern Mutual difference
-
A++
AAA, Aaa, and AA+ the highest financial strength ratings of any life insurer FROM ALL FOUR MAJOR credit RATING AGENCIES3
-
No 1
in quality of products and services in insurance FORTUNE® Magazine, 20174
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$360M
in expected disability insurance dividends paid back to our policyowners in 20175
Related articles
1U.S. Social Security Administration Fact Sheet, February 2013.
2An average Northwestern Mutual individual disability income insurance policy (Form ICC16.TT.NCDI.(0916)) with a $2,000 monthly benefit costs males $25.63/month and females $36.68/month. Typical coffee costs $72.52/month. Eligibility for individual disability income insurance, additional policy benefits and qualifications for benefits is subject to underwriting and determined on a case-by-case basis.
3Northwestern 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 2019; Fitch Ratings, AAA (highest), October 2019; Moody's Investors Service, Aaa (highest), September 2019; S&P Global Ratings, AA+ (second highest), December 2019. Third‐party ratings are subject to change. Ratings are for The Northwestern Mutual Life Insurance Company and Northwestern Long Term Care Insurance Company.
4Awarded in the Insurance: Life & Health industry, FORTUNE® Magazine's annual survey, 2017.
5Dividends are reviewed annually and are not guaranteed.
Disability income insurance policies contain some contractual features and optional benefits that may not available in all states. The ability to perform the substantial and material duties of your occupation is only one of the factors that determine eligibility for disability benefits. These policies also contain exclusions, limitations and reduction-of-benefit provisions. Eligibility for disability income insurance, additional policy benefits and qualification for benefits is determined on a case-by-case basis. For costs and complete details of coverage, please contact a Northwestern Mutual financial representative.