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Whole Life Insurance

Protection for your (whole) life.

What is whole life insurance?

With whole life insurance, you're covered for as long as you live.1 And with a policy from Northwestern Mutual, your premiums will never go up.2 In addition to a guaranteed pay out when you pass away, there are benefits you can use while living. Like the cash value you build that grows tax-deferred, will never go down, and can be used during your life.3


Whole life benefits you can enjoy in your lifetime:3

  • Help make a downpayment
    on a new home.

  • Supplement your
    retirement income.

  • Help pay for a child's
    college education.

  • 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


The Northwestern Mutual Difference

  • A++


    AAA, Aaa, and AA+ the highest financial strength ratings of any life insurer FROM ALL FOUR MAJOR credit RATING AGENCIES5

  • No 1


    in quality of products and services in insurance FORTUNE® Magazine, 20176

  • $5.2B


    in dividends expected to be paid in 20177

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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.

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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.

5Ratings are for The Northwestern Mutual Life Insurance Company and Northwestern Long Term Care Insurance Company, as of the most recent review and report by each rating agency. Northwestern Mutual's ratings: A.M. Best Company A++ (highest), April 2017; Fitch Ratings AAA (highest), July 2017; Moody's Investors Service Aaa (highest), July 2017; S&P Global Ratings AA+ (second highest), June 2017. Ratings are subject to change.

6Awarded in the Insurance: Life & Health industry, FORTUNE® Magazine's annual survey, 2017.

7Dividends are reviewed annually and are not guaranteed.

NM-WL (0817)