What if you lost your source of income? What happens to those plans to put the kids through college, update your house, and live it up in retirement? Your earning potential is probably your biggest asset, and Northwestern Mutual is here to help you protect it.
It's possible to keep some of your income in the event you can't work to make money. There are also options for people who contribute to the household in other ways, like childcare. We'll help you find the best way for you to protect your, and your family's, earning potential.1More About Disability Insurance
There's more to life insurance than you might think. Did you know that besides protecting your loved ones' financial future, you can use your whole life policy for "life things" like securing emergency cash, tuition assistance, or creating income in retirement?2 We'll help you get the coverage you need to reach your life goals.More About Life Insurance
One out of every four employees will be disabled for at least three months at some point during their career.3
Our financial advisors can help you protect your greatest asset: your earning potential. Then help you get to your next goal. And the next.Let's Talk
1Disability income insurance policies contain some contractual features and optional benefits that may not available in all states. The ability to perform the substantial and material duties of your occupation is only one of the factors that determine eligibility for disability benefits. These policies also contain exclusions, limitations and reduction-of-benefit provisions. Eligibility for disability income insurance, additional policy benefits and qualification for benefits is determined on a case-by-case basis. For costs and complete details of coverage, please contact a Northwestern Mutual financial representative.
2Your policy's cash value typically becomes a useful source of funds only after several years of premium payments, which allows the cash value to build up. Each method of utilizing your policy's cash value has advantages and disadvantages and is subject to different tax consequences. Surrenders of, withdrawals from and loans against a policy will reduce the policy's cash surrender value and death benefit and may also affect any dividends paid on the policy. As a general rule, surrenders and withdrawals are taxable to the extent they exceed the cost basis of the policy, while loans are not taxable when taken. Loans taken against a life insurance policy can have adverse effects if not managed properly. Policy loans and automatic premium loans, including any accrued interest, must be repaid in cash or from policy values upon policy termination or the death of the insured. Repayment of loans from policy values (other than death proceeds) can potentially trigger a significant tax liability, and there may be little or no cash value remaining in the policy to pay the tax. If loans equal or exceed the cash value, the policy will terminate if additional cash payments are not made. Policyowners should consult with their tax advisors about the potential impact of any surrenders, withdrawals or loans.
3U.S. Social Security Administration Fact Sheet, February 2013