Great coverage can be flexible.

What is universal
life insurance?

A universal life policy lets you build cash value, like a whole life policy does, and offers flexible premium payments, death benefits and schedules to fit your life and your budget. All while protecting your family with great coverage.

Daughter standing on father shoulders

Universal life insurance may be the right choice if you want:

  • Coverage that can last your entire life.
  • The chance to build cash value, that grows tax-deferred, and that you can use later for other financial goals.1
  • The option to adjust the amount of life insurance protection you want (within limits).
  • Flexible premiums — you control the amount and frequency of your payments. (Note: the amount and timing of your payments will directly affect your policy's cash value, as well as your ability to maintain coverage in the future. Your policy's cash value will increase faster if you pay more premium in the early years and you choose to make regular payments.)

We offer two types of universal life insurance

Custom Universal Life (CUL)

Custom Universal Life (CUL)

CUL gives you the highest flexibility when it comes to choosing your death benefit and premium payment schedule, providing:

  • The ability to meet a wide array of insurance objectives.
  • Flexibility to match your protection to your needs.
  • The ability to build your cash value, tax deferred.
Single Premium

Single Premium

A Single Premium universal life policy lets you pay a lump-sum from an inheritance, bonus, or other source of income to purchase a permanent life insurance policy and provide your heirs with an income-tax-free lump-sum payment (death benefit) that can be larger than your one-time premium payment.

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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

Awarded in the Insurance category: Life & Health industry, Fortune® Magazine's annual survey, 2017

No. 1 in client satisfaction

Best Life Insurance Company ranked by NerdWallet, 20203

Ranking for Northwestern Mutual Investment Services LLC, ©2017–2020 and TM, NerdWallet, Inc. All Rights Reserved.


Years strong through depressions, downturns, and two world wars