Whether you're interested in term or cash-value life insurance, Northwestern Mutual is a reliable company to work with. Permanent life insurance from Northwestern Mutual offers a variety of flexible payment choices, and the company's term plans provide low rates, even if you're over 50 or a smoker.

In addition, the CompLife product gives you the flexibility to mix and match term and whole life insurance to meet your changing needs and budget. On the other hand, Northwestern Mutual does not provide customers with the option of purchasing a policy with a no-medical-exam requirement or selecting from a number of different term lengths.

The Products of Northwestern Mutual Life Insurance

The term whole, universal, and variable life insurance are just some options available from Northwestern Mutual, one of the major life insurance providers. Northwestern Mutual is the only major insurer that doesn't sell restricted underwriting policies, which means that customers with serious medical issues or those in a hurry to get life insurance won't be able to use their services. The Extra Purchase Benefit, which allows you to enhance your policy's face value at certain intervals, is also included with these plans.

Top Perks

Superior Attention to Customers

According to J.D. Power's most recent U.S. Individual Life Insurance Survey, Northwestern Mutual is in third place. According to data compiled by the NAIC, it also has one of the lowest complaint percentages of any life insurance. The vast majority of its clientele are pleased with the service they receive.

No Medical Exam Choices

But, in some instances, you can acquire life insurance from Northwestern Mutual without having a medical exam. Policy details and desired coverage levels determine the answer. Yet, many other life insurance providers only offer coverage if a medical evaluation is first performed.

Dividends and Policy

Those who have purchased whole life insurance from Northwestern Mutual may count on receiving dividends every year. They can be applied toward future premium payments, added to the policy's value, or cashed out entirely.

High-Quality Finances

AM Best has given Northwestern Mutual an A++ rating. That's the best possible score, indicating that Northwestern Mutual has more than enough money to cover any claims that could come its way.

Satisfaction of Northwestern Mutual Customers

Excellent customer service may be as crucial to certain customers as low rates or a wide range of protection options. Next, we looked at Northwestern Mutual's AM Best rating to see how reliably the firm has paid out death benefits in the past.

Northwestern Mutual scores 794 out of a possible 1,000, which places it in fourth place and above the industry average of 774. In addition, the NAIC notes that the company's life insurance product has a complaint index of 0.04 compared to the baseline of 1.00.

Sustainability at Northwestern Mutual

The Children's Cancer Program was established in 2012 by the Northwestern Mutual Foundation. Since then, it has received donations totaling more than $40 million to be used toward finding better therapies for and ultimately finding a cure for kids' cancer.

As a result of Northwestern Mutual's support for Alex's Lemonade Stand Foundation, approximately 450,000 hours of research have been made possible thanks to these contributions. Northwestern Mutual supports two scholarships for children who have overcome cancer and their siblings.

Almost $1.2 million has been given out in scholarships thus far. Northwestern Mutual, with headquarters in Milwaukee, Wisconsin, and its employees are dedicated to enhancing the lives of locals via initiatives including providing access to better education and beautifying underserved areas.

Will I Be a Good Fit For Northwestern Mutual?

Northwestern Mutual has a very low amount of complaints from consumers, and it is ranked third by J.D. Power, suggesting that many of those who use their services are satisfied with the quality of service they receive.

In addition, the firm has a high financial strength rating and a lengthy track record, both of which suggest that it will be able to weather financial storms in the future without falling apart. Northern Mutual is, without a doubt, an exceptional business. Yet, it lags behind competitors' online capabilities, such as quotes, applications, and policy-specific details.

These omissions may only matter if you prefer to talk to a live representative over the phone. Nevertheless, if you're looking for an instant term life insurance quotation or the option to apply online, one of our rivals may be a better fit.