Northwestern Mutual Pledges Financial Support to Severe Weather Recovery Effort in the Midwest
Northwestern Mutual is reaching out to help its clients and other victims of recent flooding and tornado damage in the Midwest. The Milwaukee-based financial security company has made an immediate impact on the relief effort through a $75,000 grant from the Northwestern Mutual Foundation to the American Red Cross Central States Flood and Tornadoes Relief Fund. The fund provides relief in Illinois, Indiana, Iowa, Kansas, Missouri and Wisconsin.
"The Midwest has been our home for more than 150 years," said Edward J. Zore, Northwestern Mutual president and CEO. "The destruction of these storms and floods touches our employees and many of our financial representatives and clients in direct way. We hope our efforts will help families focus on recovering and rebuilding."
Service enhancements for flood and storm victims
Knowing the disruption Northwestern Mutual clients are enduring as they may be displaced from their homes and businesses, the company has temporarily extended the grace period for life, disability income and long-term care insurance policies that would otherwise lapse due to delayed payments. This applies to clients in Iowa and in counties in Illinois and Indiana that have been declared disaster areas. Northwestern Mutual will work with clients to determine payment options to meet special needs.
Clients who may have a change of address, need to change electronic funds transfer directions, or have other service needs are asked to contact their financial representatives or call the Northwestern Mutual customer service area at 1-800-388-8123.
On behalf of the Northwestern Mutual family
"From the beginning of these recent storms and through this time of recovery, I know many of our employees and financial representatives have donated their own time and money to disaster relief," Zore continued. "This company donation is made on behalf of all the members of the Northwestern Mutual family who always give so generously in time of need."
The Northwestern Mutual Life Insurance Company, Milwaukee, WI, a FORTUNE 500 company with over $1 trillion of life insurance protection in force, has been helping its policyowners and clients achieve financial security for more than 150 years. The company maintains the highest available ratings for insurance financial strength from all four major rating agencies: Standard & Poor's, Fitch Ratings, A. M. Best and Moody's.
Further information on Northwestern Mutual, its subsidiaries and affiliates can be found at: http://www.nmfn.com/.
First Call Analyst:
SOURCE: Northwestern Mutual
CONTACT: Jean Towell of Northwestern Mutual, 1-800-323-7033,
Web site: http://www.nmfn.com/
6/27/2008 11:33:00 AM