Have more financial flexibility with permanent life insurance

Permanent life insurance, which includes whole life, universal life and variable universal life, gives you lifelong coverage1, and builds cash value that you can use for anything you want, at any time.2 And depending on the type you choose, you could have the chance to earn annual dividends, too.3 Our advisors will help you figure out the type that's best for you, and exactly how much you need.

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The benefits of permanent life policies

Guaranteed payout4

Along with giving you the confidence of knowing that there will be lifelong protection for your loved ones, they'll receive a death benefit when you're no longer here.

Flexible funds

Your policy builds cash value that can be used for anything.2 You also have a chance to earn dividends3 which you can take as cash, use it to pay premiums, and more.

Earn dividends

While not guaranteed, we've paid dividends every year since 1872 to our whole life policyowners. You can take them as cash, pay premiums, or buy more coverage.

Questions about permanent life insurance? We've got answers.

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What types of permanent life insurance policies does Northwestern Mutual offer?

Whole life insurance

Be protected your entire life1 and build cash value that's guaranteed4 to grow no matter which way the markets go. Use it for anything like helping to pay for your kids' college, upgrading your home, expanding your business, or as additional retirement income.2

Universal life insurance

Have lifelong coverage1 and more flexibility for today and down the road. You can adjust your payment amount (premiums) and schedule5 to fit your income stream and budget, while still giving you benefits that you can use throughout your life.

Variable universal life insurance

You'll get lifelong protection with variable universal life, plus you get to choose how you want your premiums allocated and invested in the markets6 so your cash value and death benefit may grow or decline over time.7

Permanent life insurance and term life insurance. Compare them.

Compare life insurance products

To compare insurance products, select any two below.

BenefitsWholeUniversalVariable UniversalTerm
Guaranteed payout for your loved ones1
Chance to receive a dividend (yearly payout)3
Coverage that can last for your entire life1
Builds cash value over time (generally tax deferred) that can be used for anything2
Choose amount and frequency of payments*
Flexibility to change coverage amount
Premiums (payments) that never increase
Choose how your cash value is invested
* Subject to policy minimums. Independent of the death benefit.Learn moreLearn moreLearn moreLearn more

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The Northwestern Mutual difference

No. 1 ranked insurance company for consumer experience

Best life insurance company for consumer experience, 20238

Ranking for Northwestern Mutual Investment Services LLC, ©2017–2024 and TM, NerdWallet, Inc. All Rights Reserved.

No. 1 most admired companies

Fortune® named us one of the World's Most Admired Life Insurance Companies, 20239

Ranking for Northwestern Mutual, 2021 Fortune®

A++ financial strength rating

AAA, Aaa, and AA+—we've earned the highest financial strength ratings awarded to life insurers from all four major rating agencies.10

Awarded in the Insurance category: Life & Health industry, Fortune® Magazine's annual survey, 2017
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Our advisors will help you figure out the right type of permanent life insurance, and amount, that will fit your goals and budget.

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