Get industry-leading coverage that lasts your entire life and enjoy benefits that you can use along the way to do more of the things you love—with those you love.
Having a whole life insurance policy from Northwestern Mutual is much more than a safety net. It has benefits you can use while you're living that will give your financial plan even more flexibility. Whole life insurance builds cash value over time that you can use for anything. It can come in handy for unexpected expenses, putting your kids through college, expanding your business, upgrading your home, or as additional income in retirement.
Once we set your premiums (based on things like the amount of coverage you'll need, your age, and health), what you pay every month (or yearly) is what you'll always pay.
Guaranteed payout
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 value1 that can be used for anything. You also have a chance to earn dividends2 which you can take as cash, use it to pay premiums, and more.
Tax advantages
The death benefit (payout) of your policy is typically tax-free, and the cash value accumulates tax deferred.
You've got whole life insurance questions, we've got answers.
This type of life insurance gives you lifelong protection3 and has features you can use along the way. As you make payments (which will never go up by the way), your policy will build cash value. It's guaranteed to grow tax deferred regardless of market ups and downs, and you can use the cash value to pay for whatever you want or need. You can also earn dividends that can be taken as cash, used to pay premiums, or buy more coverage. Find out more about whole life insurance.
We promise to pay who you name (beneficiaries) a set amount of money when you're no longer here, and you in return, promise to make regular payments (premiums). But whole life insurance from Northwestern Mutual is much more than that. As you make payments, you'll build cash value (tax deferred) that you can use for anything you wish.1 You can also earn dividends (while not guaranteed, we've paid them every year since 1872) that can be taken as cash, used to pay premiums, or buy more coverage. Get more details on how whole life insurance works.
Term life covers you for a specified amount of time, while whole life covers you for your entire life. Along with a guaranteed payout3 when you're no longer here, whole life insurance also has a lot more you can use throughout your life. It builds cash value over time that you can use for whatever you want.1 Plus, whole life insurance can earn dividends that can be taken as cash, used to pay premiums, or buy more coverage. See more on the living benefits of whole life insurance.
Whole life insurance is not an investment -it provides protection for you and your loved ones. It accumulates cash value over time that's guaranteed to grow, will never go down, and has smart tax advantages. What you earn over what you put in won't be taxed (unless you withdraw it). Even better, you can use the cash value for anything you want throughout your life.1See how much you know about life insurance, take our quiz.
What you pay monthly (or yearly) will depend on things like the amount of coverage you need, your age, and health. The best way to get an accurate quote is to talk to one of our advisors.
The best one for you depends on your goals. The biggest difference is that term life insurance covers you for a limited amount of time and is likely to be less expensive than whole life insurance. On the other hand, whole life insurance has lifelong coverage and gives you a lot more options that you can use throughout your life. Whole life builds cash value over time that you can use for anything.1 Plus, it can earn dividends (while not guaranteed, we've paid them every year since 1872) that can be taken as cash, used to pay premiums, or increase your coverage (and cash value). Find out more about the benefits of whole life Insurance.
Think of it this way: if it can help you reach your goals, then yes, it's worth it. Whole life insurance is a uniquely flexible asset and can be an important part of your financial plan. Along with a guaranteed payout when you're no longer here, it has more you can use throughout your life. Its cash value is guaranteed to increase, it's tax advantaged, and it's not affected by market fluctuations. Find out more about the benefits of whole life insurance.
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Dividends put money back into your pocket.
Dividends are given out when our earnings turn out better than we thought they would when premiums were set, and benefits established. As a mutual company, we don't have stockholders so instead of paying dividends to Wall Street, we pay them to our policyowners. Even though they're not guaranteed, we've paid dividends every year since 1872. Here's what you can use them for:
