By providing coverage to higher-risk populations, such as seniors and smokers, Northwestern Mutual
A wide range of
The company also offers options that combine the benefits of both term and permanent
Consider searching for and comparing other
Life Insurance Prices
The “preferred” class of Northwestern Mutual’s insurance plans rewards you with the lowest rates available throughout the company’s entire product line when you are in practically perfect health.
However, unlike its rivals, this provider does not make it apparent how you might be able to qualify for these discounted rates.
For further information on whether or whether you qualify for preferred pricing, you should consult with a Northwestern Mutual financial advisor.
How You Can Get A Northwestern Mutual
life insurance Quote?
Unfortunately, Northwestern Mutual does not offer online quotes or applications, but you may request to be connected with an agent. Here’s how to get started:
- Go to Northwestern Mutual’s main
life insurancewebsite and pick Let’s Talk.
- You will be asked to provide some basic personal information before matching with an agent. To find an agent, enter the agent’s name and location, and then click Search. Click Get Matched if you have not picked an agent.
- In the coming days, you will be contacted by a financial professional to examine your
Northwestern Mutual provides several
life insurance policies.
- Term life. In general, term
life insuranceplans from Northwestern Mutual provide protection for a specific period of time, such as 10 or twenty years, or until a specific age. It is possible to convert certain term life insurancepolicies into permanent life insurancepolicies during specific conversion periods. Acceptance is guaranteed, and there are no medical screenings or underwriting requirements to complete the application.
- Whole life. A whole
life insurancepolicy from Northwestern Mutual consists of a fixed premium, a guaranteed death benefit, and living benefits, all of which are guaranteed. Throughout your professional life, you may be able to use the cash value in your policy to help pay for a down payment on a home, augment your retirement income, or provide assistance to elderly relatives.
Although Northwestern Mutual has been paying out whole
- Universal life. On the other hand, a universal
life insurancepolicy combines the cash value accumulation of a whole life policy with the flexibility of variable premiums and payment schedules. You have complete control over the amount and frequency of your premium payments, as long as the cash value in your policy reserves is adequate to cover them. An alternative is to pay a one-time flat sum to cover the cost of insurance coverage.
Which riders am I allowed to put on my policy?
Northwestern Mutual makes it tough to determine the full range of riders that are offered on their web platform. Rather than doing so, you’ll need to speak with an insurance representative about customizing your plan to match your specific requirements. The riders that are available to you will vary depending on your
- Child rider. This allows you to add term
life insurancefor your children to your life insurancepolicy.
- Disability income benefit rider. This benefit gives additional revenue if you become totally disabled.
- Waiver-of-premium rider. You will no longer be obliged to make any insurance payments under this clause if you are injured and you suffer a loss of income as a result of an injury or an illness.
life insurance reviews & customer support
The Better Business Bureau (BBB) gives Northwestern Mutual an A+ rating based on variables such as transparency, expertise, and complaints, despite the fact that the company is not accredited by the BBB.
A.M. Best gives Northwestern Mutual an “A+” for outstanding financial health, which means it can pay claims. BBB clients report forceful sales practices and restricted hours of service.
Research wisely before choosing Northwestern Mutual as your insurance provider. Doing so means giving your financial requirements to a commission-based agent.
For additional insurance review, check out our review of Lumico Life Insurance Review.