Northwestern Mutual

Is Santa Claus a Life Insurance Risk?

How much would Santa Claus pay for life insurance? According to Northwestern Mutual, determining how much to charge Santa for coverage would require more savvy than figuring the charge for other toy manufacturers and distributors.

In evaluating the risks of insuring Santa, Northwestern Mutual underwriters would scrutinize the more hazardous aspects of his work. If Santa applied for a Northwestern Mutual policy, the company would make a list (and check it twice, of course) of the following considerations:

  Santa as a private pilot.  Most experienced pilots are acceptable risks,
  and Santa qualifies as such.  However, Northwestern Mutual would examine
  carefully the application of any pilot who lands on rooftops or other
  non-traditional venues to land aircraft.  Sadly, even Santa might pay
  additional premiums for these rooftop drops, if he could be insured for
  them at all.  Lest anyone pout or cry, however, Santa has an excellent
  safety record.  Certainly, this would work in his favor.

  Santa as a "skydiver."  Santa's sliding down chimneys could be likened to
  skydiving.  Northwestern Mutual is more concerned with the beginning
  skydiver, requiring five free-fall jumps before skydivers can qualify for
  life insurance.  The hazards of Santa's skydiving would be carefully
  weighed; he would most likely be assessed just a modest extra charge for
  this activity.

  Santa's weight.  Recent shopping mall appearances confirm that Santa
  remains chubby and plump, a right jolly old elf.  While endearing to young
  children, it does not enhance the assessment of Santa as an insurance
  risk.  All insurance applications are evaluated according to height,
  build, blood pressure and family history.  While little is known of
  Santa's genealogy, he would most likely be assessed a further modest
  premium for his ability to shake like a bowl full of jelly.

  Santa's pipe smoking.  Santa cannot be treated differently than anyone
  else.  Despite his big black pipe being among his signature monikers, all
  smokers pay more for life insurance than non-smokers.

  Foreign travel.  Insurance is available to those traveling for business or
  pleasure to habitable and settled regions that are not subject to civil
  unrest or violence.  Santa is in the unique position of being a universal
  citizen, so in his case no travel is foreign.

In the final analysis, however, company executives believe it would be impossible to determine how much Santa Claus would be charged for the life insurance. Life insurance rates are based on the age of the insured

  And, Santa Claus is, after all, ageless.

  About Northwestern Mutual

Northwestern Mutual, the nation's leading provider of individual life insurance, has always received the highest possible ratings for financial strength from Standard & Poor's, Moody's, Fitch (formerly Duff & Phelps) and A. M. Best. Besides life insurance, the Company and its subsidiaries provide annuities, mutual funds, long-term care insurance and disability income insurance. In its category, it was named the most admired company in the world in Fortune's latest corporate reputation survey. Among its majority-owned subsidiaries are the Frank Russell Company, the investment management and advisory firm, Robert W. Baird & Co. Incorporated, the securities brokerage firm, and later this year, the Northwestern Mutual Trust Company. The Trust Company will offer a full range of personal trust products and services, as well as investment management services. Further information on Northwestern Mutual can be found at:


SOURCE: Northwestern Mutual

Contact: Michael Shmarak for Northwestern Mutual, +1-312-228-6898,


12/21/2001 4:39:00 PM