Northwestern Mutual

Select™ Fixed Annuity

Get a guaranteed1 competitive fixed rate, tax-deferred growth and predictability with the Select Fixed Annuity.

What is a Select Fixed Annuity?

When it comes to retirement savings, financial experts agree that it’s prudent to have a portion of your money in a guaranteed vehicle. The Select Fixed Annuity from Northwestern Mutual is a guaranteed way to help you accumulate funds for your retirement. Purchased with a one-time lump-sum payment, it offers consistent, tax-deferred growth with guaranteed principal and guaranteed interest rate options. When it’s time to take distributions in retirement, fixed annuities can provide a stream of income that you can’t outlive.

Northwestern Mutual offers three types of Select fixed annuities to best suit your retirement time horizon and the interest rate environment:

  • Select Platinum offers a one-year guaranteed interest rate period and a relatively stable interest rate for the first eight years.Watch a video on today's retirement planning
  • Select Gold provides a one- or three-year guaranteed interest rate and follows interest rate trends upon renewal.
  • Select Silver has an initial five-year guaranteed interest rate at issue with guarantee periods between one and five years after that.

Is a Select Fixed Annuity right for you?

This fixed annuity may be right for you if you:

  • Have contributed the maximum allowed to your 401(k), 403(b) or IRA and would like a tax-deferred savings plan.
  • Would like to grow your future retirement savings with a guaranteed rate of return.
  • Are seeking an alternative to the stock market that offers a competitive, fixed rate. (Investment professionals generally recommend that you allocate more of your portfolio to low-risk holdings as you approach retirement age.)
  • Would like the chance to pass on the balance, along with its tax-deferred growth, to a beneficiary upon your death.
  • Want the opportunity to convert some of your retirement savings to a guaranteed retirement income stream that you can’t outlive.
  • Are looking to create a guaranteed and predictable income stream with a one-time payment from an available qualified or non-qualified fund such as:
    • A 401(k), 403(b), IRA or Roth IRA
    • A savings account or certificate of deposit
    • Investment accounts
    • An inheritance or legal settlement
    • The sale of a business or property

More on This Topic

Click on the links below to access more information.

  • Guaranteed Retirement Income

    Guaranteed Retirement Income

    Learn how to create a predictable source of guaranteed, stable income for your retirement.

  • Select™ Fixed Annuity

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    Select™ Fixed Annuity

    See the value of a fixed annuity.