Term Life Insurance
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
Benefits of term life insurance
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?
The Northwestern Mutual difference
A++ financial strength rating
AAA, Aaa, and AA+ the highest financial strength ratings of any life insurer from all four major rating agencies2
No. 1 in client satisfaction
Best client satisfaction among all individual life insurance providers as ranked by J.D. Power3
Years strong through depressions, downturns, and two world wars
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 2020; Fitch Ratings, AAA (highest), May 2020; Moody's Investors Service, Aaa (highest), September 2019; S&P Global Ratings, AA+ (second highest), June 2020. Third‐party ratings are subject to change. Ratings are for The Northwestern Mutual Life Insurance Company and Northwestern Long Term Care Insurance Company.
3Northwestern Mutual received the highest score among individual life insurance providers in the J.D. Power 2019 U.S. Life Insurance Satisfaction Study of customer satisfaction with their life insurance provider. Visit jdpower.com/awards.