Creating A Lifetime Protection For Your Loved Ones
Northwestern Mutual offers quick and easy ways to help you obtain the life insurance coverage of your choice. With more than 150 years of service, Northwestern Mutual’s wide variety of short and long-term plans makes it easy to obtain the coverage you need.
Term Life Insurance Products
Level Term Life
This insurance provides the guarantee of coverage for a set period of time (i.e “terms”)–a longer term equals a higher premium.
*Northwestern Mutual offers two kinds of Level Term policies:
- Level term 20, which offers protection with level premiums for 20 years, and
- Level Term 10, which offers level coverage for 10 years, then resets to a new level for the remainder of the policy term.
Annually Renewable Term Life
This insurance also provides the guarantee of coverage for a set period of time; however, premiums reset each year. They also increase with age, but your monthly/annual premiums will never surpass the guaranteed rates listed in your contract. This plan is great for those seeking temporary, high level coverage with an affordable initial cost.
Whole Life Insurance Products
With Northwestern Mutual’s whole life plans, you’re receiving permanent coverage with a premium timeline of your choice. You’re also guaranteed tax-deferred cash value that can come in handy in times of need. Northwestern Mutual offers three kinds of Whole Life policies:
65 Life
Where you’re able to pay regular premiums until age 65. After that, you’re guaranteed premium-free, lifetime coverage.
90 Life
Similar to 65 Life, except your payments will be lower since you’ve got more time to pay.
Limited Pay Life
Allows you to pay for your policy for the period of time of your choice (10, 15, 20, 25 or 30 years). You’ve got full control over the length of time in which payments are made.
Universal Life Insurance Products
Custom Universal Life (CUL) Accumulator
Gives you the flexibility to choose your death benefit and premium payments. It offers the ability to build tax-deferred cash value which may come in handy down the road. With the amount of flexibility offered in the CUL Accumulator plan, your policy changes along with your needs.
Single Premium UL
Allows you to purchase permanent life insurance using a lump sum payment from an inheritance or other source. This policy can provide your heirs with a tax-free death benefit.
Variable Life Insurance Products
Northwestern Mutual’s Variable Life
Provides the potential for cash value and death benefit growth with the added opportunity to invest in this cash value. You can decide how and where your cash value is invested via several investment options. With this policy, your death benefit options and premium payments (within certain limits) can change along with your needs. You’re able to transfer funds between investment options, which allows for better strategizing to ensure you benefit from your money as needed. This policy works for those who understand the risks involved in investing.
Other Life Insurance Options
Northwestern Mutual’s CompLife® plan combines permanent and term life components to make a plan that caters to your needs. With this plan, you’re able to:
- Combine a base of permanent life insurance with optional term life insurance
- Increase your permanent insurance value by paying additional premiums
- Build tax-deferred cash value
With added flexibility and the ability to cover your short-term and long-term needs under one policy, CompLife is the best of both worlds.
Northwestern Mutual Life Insurance – Protecting What Means The Most To You
Whether you’re looking for basic, temporary coverage, lifetime coverage or a combination of both, Northwestern Mutual is with you every step of the way. For more information on Northwestern Mutual’s policies, please contact us either via phone or by filling out our online free quote form. Our offices in Miami and Pembroke Pines are ready to help you find the life insurance coverage you need.
