By making Northwestern Mutual Life Insurance a part of your long-term plan, you've already started to prepare for the financial security of your loved ones in the event of your death. Adding additional benefits provides the flexibility to take advantage of your policy when you need it most.
What is the Accelerated Care Benefit and how does it work?
The Accelerated Care Benefit (ACB) means you're gaining the option to access your death benefit for long-term care needs while maintaining a minimum death benefit for your beneficiaries. As you receive ACB benefits, your cash value is reduced proportionately. Any unused death benefit will remain intact and tax free for your beneficiaries.
Is the benefit right for me?
Including ACB with your permanent whole life insurance policy may be right for you if you’re interested in:
Planning for a possible long-term care event by creating more flexibility within your financial plan.
Protecting your assets by having an additional funding option.
Reducing the additional responsibilities asked of your loved ones by lessening financial responsibilities asked of them.
Creating more choice and control for where you'd receive care by having the proper funding in place.