Term life insurance family and child

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Protection on your terms.

What is term life insurance?

Term life insurance is one of the most affordable types of life insurance you can buy. It provides coverage for a specific period of time, or “term” (for example, 10 or 20 years or to a specific age, such as 80). Once that term ends, so does your coverage. That means, your loved ones won't receive a payment from your policy should you pass after the term ends. But with Northwestern Mutual, you have the option of converting your term policy to a permanent one. Learn about term conversion Chevron right arrow.

Help Protect Your Life, And Your Loved ones for $1 A Day 1

Benefits of Term Life Insurance

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Affordable

Get a level of coverage to fit your budget. You can choose to have your premiums stay the same price for the whole term, or you can start with a lower premium that increases over the years. (So you have the option to pay less when you're younger and more as your earning potential increases.)

For the Short(er) Term

Depending on your situation, you may not need life insurance protection after you reach a certain age or stage in your life. For example, if you want to make sure your mortgage is paid off or your children are able to pay for college should something happen to you, term life insurance can help provide protection for only the years you need.

How much life insurance is right for you?

Calculate It

The Northwestern Mutual Difference

  • A++


    AAA, Aaa, and AA+ the highest financial strength ratings of any life insurer FROM ALL FOUR MAJOR credit RATING AGENCIES2

  • No 1


    in quality of products and services in insurance FORTUNE® Magazine, 20173

  • 160


    years strong through depressions, downturns, and two world wars

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Take the next step.

Our financial advisors work with you to help you find the right type of insurance, and the right amount, for your needs, goals, and budget.

Let's Talk

1Based on a healthy male in the premier class, age 35, purchasing Northwestern Mutual's Term to Age 80 for $500,000 with a premium starting at $306 per year (increasing annually).

2Northwestern Mutual continues to have the highest financial strength ratings awarded to any U.S. life insurer by all four of the major rating agencies: A.M. Best Company, A++ (highest), April 2018; Fitch Ratings, AAA (highest), June 2018; Moody's Investors Service, Aaa (highest), January 2018; S&P Global Ratings, AA+ (second highest), June 2018. Third-party ratings are subject to change. Ratings are for The Northwestern Mutual Life Insurance Company and Northwestern Long Term Care Insurance Company.

3Awarded in the Insurance: Life & Health industry, FORTUNE® Magazine's annual survey, 2017.

NM-TL (0518)