Northwestern Mutual

Whole Life Insurance Just Became More Flexible

Lifetime coverage. Fixed premiums. Guaranteed benefits. Learn how whole life insurance from Northwestern Mutual can help you meet a lifetime of protection needs.

What Is Whole Life Insurance?

Whole life from Northwestern Mutual is a form of permanent life insurance that offers three important guarantees that can help add a level of security to your long-term financial planning:

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  • Guaranteed level premiums. The cost of your coverage (your premium) is guaranteed to remain the same for the life of your policy, regardless of your age or health.
  • Guaranteed death benefit. Your beneficiaries will receive a guaranteed minimum lump-sum payment (death benefit) when you die, assuming you do not have any outstanding policy loans and your policy premiums are paid on time.
  • Guaranteed cash value. As you pay premiums, your policy builds cash value – that grows tax deferred and can become a source of funding you can utilize to help meet your financial goals.1 You can use this cash value to:
    • Pay for education costs.
    • Start or expand your business.
    • Use as collateral for a bank loan.
    • Supplement retirement income.
    • Cover emergency expenses or take advantage of opportunities.

In addition to the guarantees, your policy also:

  • Will be eligible for yearly dividends2 that you can take as cash, use to pay premiums or add to your policy to increase its death benefits and cash value.
  • Is flexible to help with the costs associated with a long-term care event. Learn more.

Northwestern Mutual offers a choice of whole life insurance policies that let you decide how long you want to pay for your coverage:

  • 65 Life enables you to pay regular premiums until you reach age 65. At that point, you’ll have life insurance with no more payments due for the rest of your life.
  • 90 Life lets you pay premiums to age 90. The annual premium for 90 Life will be lower than 65 Life since your payments will be spread out over a longer period of time.
  • Limited Pay Life lets you pay for your policy over a period of 10, 15, 20, 25, or 30 years. This enables you to secure a lifetime of protection while controlling the amount of time over which you choose to pay premiums.

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