Whole Life Insurance
Protection for your (whole) life.
What is whole life insurance?
Whole life insurance protects you for your entire lifetime,1 and with a policy from Northwestern Mutual, your premiums will never go up.2
Whole life gives you the confidence to know that the people you love are protected—both now and later. Not only will it pay a benefit when you're no longer here, it also has benefits you can use while you're living because it builds a cash value over time.
Your policy's cash value:
Whole life benefits you can enjoy in your lifetime:3
Help make a downpayment
on a new home.
Help pay for a child's
Provide funds to help cover
the cost of an unexpected emergency.
Help fund a new or
existing business venture.
Help support aging parents or other
family members who need help.
Create a legacy for grandchildren,
future generations, or charity.4
Life Insurance Calculator
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 agencies5
No. 1 in client satisfaction
Best Life Insurance Company ranked by NerdWallet, 20206
$6.2B Six point two billion dollars
In dividends expected to
be paid in 20217
1The claim to providing coverage for your whole life assumes that all premiums are paid.
2Certain product designs combine term insurance and whole life insurance, and may be subject to premium increases.
3Your 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.
4While living, you can create a legacy by making a lifetime gift of a whole life policy to an irrevocable life insurance trust for a child, grandchild, college or university, or a charitable foundation.
5Northwestern 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), May 2021; Fitch Ratings, AAA (highest), July 2021; Moody's Investors Service, Aaa (highest), July 2021; S&P Global Ratings, AA+ (second highest), July 2021. Third-party ratings are subject to change. Ratings are for The Northwestern Mutual Life Insurance Company and Northwestern Long Term Care Insurance Company.
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7Dividends are reviewed annually and are not guaranteed.