Northwestern Mutual

Select™ Portfolio Deferred Income Annuity

Lock in guaranteed1 future income payments that have the potential to grow through dividends with a Select Portfolio Deferred Income Annuity.

What is a Select Portfolio Deferred Income Annuity?

When you retire, you probably want to focus on travel, pursuing your hobbies and spending time with loved ones, not worrying about managing income from your retirement accounts. The Select Portfolio Deferred Income Annuity is an exclusive, patent-pending product of Northwestern Mutual that allows you to plan ahead for guaranteed1 lifetime income that you can’t outlive and that has the potential to grow through dividends2. Enjoy predictable income that can go up but will never go down3, even with downturns in the market. You can purchase a Select Portfolio Deferred Income Annuity with a one-time payment from your personal or retirement savings.

Is a Select Portfolio Deferred Income Annuity right for you?

This deferred income annuity may be right for you if you:

  • Don’t plan to begin your retirement payments for at least a year (or many years from now).
  • Are looking for a source of retirement income that can generate more income through potential dividends.2
  • Seek a predictable1, guaranteed income payments that are not tied to the ups and downs of the market.
  • Are looking to create a guaranteed income stream in retirement that you can’t outlive.
  • Want to avoid the hassles of taking required minimum distributions during retirement.4
  • Want to create a guaranteed and predictable income stream with a one-time payment from available qualified or non-qualified funds, such as a:
    • 401(k), 403(b), IRA or Roth IRA
    • Savings account or certificate of deposit
    • Investment accounts
    • Inheritance or legal settlement
    • Sale of a business or property

Why choose a Select Portfolio Deferred Income Annuity?

When you purchase the Select Portfolio Deferred Income Annuity, you can feel confident that you’ll receive guaranteed income for life. Your guaranteed income payments will be unaffected by the economy and can grow through dividends. Whenever dividends are paid, you can use them to increase your lifetime income payments, take them in cash, or a combination of the two.

Flexible Income Plan Options

You have the option to choose income payments that continue for:

  • Your lifetime
  • Your lifetime plus another person’s lifetime (a spouse or partner, for example)

For either of the lifetime income plans, you also have the option to a guaranteed period of payments (called a Period Certain) of up to 20 years after your contract date.

Select the Deferral Period Death Benefit option when you choose your income plan for additional flexibility, including the ability to advance your start date, shorten or remove a Period Certain, or make a death benefit payable if you should die before you begin receiving income payments. 

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