Northwestern Mutual
Northwestern Mutual, with its main office in Milwaukee, was established in the financial services sector in 1857. Northwestern Mutual, like a number of the businesses in our list, doesn't provide its policies online. To buy a policy or learn more about a particular product, you must instead get in touch with an insurance representative. You can use the internet to look up agents by name or area.
There are four different forms of insurance offered by Northwestern: term, whole life, universal life, and variable universal life. A whole life insurance policy generates cash value over time and lasts as long as you are alive or as long as you continue to make premium payments. A term life insurance policy expires after a set number of years. As long as you keep paying your premiums, universal life is also a lifelong coverage and gives you flexibility and monetary value. A variable universal policy is comparable to a universal policy in that it offers cash value, the the freedom to adjust your policy as your financial circumstances change, and coverage for as long as you live or keep paying premiums.
Whole life, term life, and universal life insurance coverage for Northwestern Mutual policies begin at $50,000, $100,000, and $500,000, respectively. To learn more about the coverage's maximum restrictions, contact an agent. The age restrictions change depending on the type of policy. For instance, whole life can be acquired for people from birth to age 85, whereas universal life is offered for people ages 18 to 85, depending on the premium-paying term. Different age restrictions apply to Northwestern Mutual's term, whole life, universal, and variable universal life insurance plans. With no fees or a medical exam necessary, the company makes switching from term insurance to a whole-life coverage simple. You'll need these things in order to get a quote or buy a policy.
Pros:
- The term, whole life, and universal life policies offered
- No fees or medical exams needed to convert from term to whole life insurance
- Policies available up to age 85
Cons:
- No online applications
- Minimal policy information on the website
Founded: 1857
Revenue: S$$31.1 billion (2020)
Website: https://www.northwesternmutual.com/
U.S. News Rating: 3.7/5.0
