Northwestern Mutual

Permanent Life Insurance

Learn how the lifelong protection of permanent life insurance from Northwestern Mutual can be an essential part of your financial plan.

Permanent Life Insurance

What is permanent life insurance?

Permanent life insurance is designed to provide insurance protection for as long as you live, assuming your premium payments are made as required. This is in contrast to term life insurance, which provides protection for a set number of years, or “term.”

Permanent life insurance offers two other important benefits. With a permanent life insurance policy from Northwestern Mutual, you can:

  • Build cash value in the policy that grows tax deferred and can become a source of funding you can utilize to help meet your financial goals.1
  • Earn yearly dividends2 that you can take as cash, use to pay premiums or add to your policy to increase its death benefit and cash value. While dividends are not guaranteed, Northwestern Mutual has paid one every year since 1872. In fact, Northwestern Mutual has paid more dividends than any other company in the industry for the past 18 years.3 We expect that our total dividend payout on life insurance in 2015 will lead the industry.
watch living benefits permanent life insurance video

Is permanent life insurance right for you?

You may want to consider permanent life insurance if you want to:

  • Create a solid foundation for your long-term financial plan.
  • Keep your life insurance active for as long as you live.
  • Build a source of funding for life’s emergencies and opportunities.
  • Provide for a loved one with special needs or a child who is not yet independent.
  • Assist aging parents or other family members who require your support.
  • Sustain a business you want to see continue after you’re gone.
  • Equalize inheritances among beneficiaries.
  • Create a legacy for grandchildren, future generations, or your favorite charity.

Northwestern Mutual offers a range of permanent life insurance options that can help you achieve your long-term goals:

  • Whole Life offers three important guarantees: A death benefit, level premiums and the ability to build cash value.
  • CompLife® combines features of both permanent life insurance and optional term life insurance for flexible protection.
  • Universal Life provides permanent protection along with the ability to adjust your protection level, premiums and payment schedule to meet your changing needs.
  • Variable Life balances protection with the potential to build cash value through a choice of investment options.

The Northwestern Mutual Difference

For nearly 160 years, Northwestern Mutual has helped policyowners meet life’s challenges. We have the highest financial strength ratings awarded to any life insurer by all four of the major credit rating agencies.4 We pay industry-leading dividends, which many policyowners use to increase the value of their policies. Our clients believe in us and return for more. In a typical year existing clients account for more than half of our life insurance sales.5

More on This Topic

Click on the links below to access more information.

  • A World Without Reb

    A World Without Reb

    After losing her husband suddenly, Ashlee had to learn how to move forward in a world without him, including managing and planning the finances.

    Watch
  • Life Insurance Calculator

    Tools widget graphic
    Life Insurance Calculator

    This tool estimates how much life insurance coverage your family may need to cover future expenses in the event of your untimely death.

    Learn more
  • Life Insurance Cash Value

    Life Insurance Cash Value

    Learn how permanent life insurance can help you reach your goals during your lifetime.

    Watch Now
  • Term or Permanent Life?

    Life Insurance Whitepaper
    Term or Permanent Life?

    Find out what four questions to ask yourself before choosing term or permanent life insurance.

    Download
  • Life Insurance Benefits

    ARTICLE_WIDGET
    Life Insurance Benefits

    Discover nine useful benefits of permanent life insurance in addition to the death benefit.

    Read More
  • Insurance for Millennials

    Benefits-Of-Buying-Life-Insurance-When-Younglc
    Insurance for Millennials

    Learn how life insurance can be an important foundation of a young adult’s financial plan.

    Read More