How about Northwestern Mutual?Evaluation of Northwest Mutual Life Insurance Company and Introduction of Insurance Products

In 2018,Northwestern mutual Selected by Fortune Magazine as "the most acclaimed company in the world".In the same year, inAmerican Life Insurance Guide©️As shown in the "Life Insurance Company Financial Report" obtained at the beginning of 2019, as of December 2018, Comdex National Financial Insurance Company's credit rating,Northwestern mutual  Topped the list and became one of the top financial insurance companies representing the American life insurance industry.

Northwestern Mutual's financial rating

Northwestern mutual With a history of more than 160 years and a stable financial situation, it is also a Fortune 500 company and currently manages $2200 billion in assets.In the credit ratings of the four major financial rating agencies,Northwestern mutual Has been consistently highly rated.

The following is a list of ratings ( How to interpret the rating?Click to view ):

• A++ – AM Best.
• AA+ – Standard & Poor/Standard & Poor's
• AAA - Fitch/Fit
• Aaa – Moody/Moody's

These ratings reflect the company's strong and stable financial situation, strong solvency, good reputation in the face of insurance claims, and excellent prospects for the near and far future.

Northwestern mutual List of insurance products

Northwestern mutual Our products and services cover the entire financial services, including but not limited to: financial planning, investment services, life insurance, etc.Among them, financial insurance products include:

• Term / term life insurance
• Whole Life / Savings whole life insurance
• Universal Life / Universal Life Insurance
• CompLife / Hybrid Whole Life Insurance
• Long Term Care / Long Term Care Insurance
• Disable Insurance / Disability Insurance
• Annuities / Annuities

TERM / Term Life Insurance

Northwestern Mutual offers 4 typesTerm life insuranceProducts for consumers to choose:

1. Level Term 20
2. Level Term 10
3. Term 10
4. Term 80

Level Term 20 It is a product with a guarantee period of 20 years and the premium remains unchanged for 20 years.andLevel Term 10 It is also a product with a guarantee period of 20 years. The premium remains unchanged for the first 10 years. After the first 10 years are over, the premium for the next 10 years must be recalculated based on age and other conditions.This is mainly for consumers who wish to pay a fixed, lower premium in the first ten years.

Term 10 It is a term life insurance product with a guarantee period of 10 years. It is renewed every year, and the premium is recalculated and increased until the end of the 10th year of insurance.Term 80It is also renewed every year, and the premium increases year by year until the insured reaches the age of 80.

WHOLE LIFE / Savings Life Insurance

As a mutual insurance company,The core product of Northwestern Mutual iswhole life / Savings life insurance.According to the different payment periods, they are:

• 65 Life
• 90 Life
• Custom Limited Pay Life

65 Life This means that the policyholder pays the premium when he is 65 years old and no longer pays thereafter.and90 Life It means that the policyholder pays the premium when he is 90 years old, andCustom Limited Pay Life It is based on the policyholder’s ability to pay premiums to choose a year between 10 and 30 years to pay off, which provides flexibility.

UNIVERSAL LIFE / Universal Life Insurance

Northwestern mutual OfUniversal Life InsuranceThe product is more traditional and offers two different premium payment options:

• Single Premium / One-time premium payment
• Customer Universal Life (CUL) – Accumulator: Standard universal insurance policy product, providing flexible payment options.

It is worth noting that if you choose a universal insurance product with a one-off premium payment, you need to confirm with your financial advisor or professional broker not to exceed a limit, so that the insurance policy is recognized by the IRS as an MEC, that is, an investment Products, resulting in tax problems and financial losses.

Northwestern MutualUniversal Life Insurance Products Follow itSavings insuranceSimilarly, you can enjoy the company's annual dividends.

CompLife / Hybrid Life Insurance

Northwestern Mutual’s hybrid lifetime insurance is actually Savings life insurance(Whole Life) andTerm life insuranceThe combination of (Term) is matched by the policyholder according to their own needs. The three common requirements are:

• Adjustable CompLife
• Estate CompLife
• Survivorship CompLife

The characteristics of these three products are all based on a savings-type life insurance policy, with a term life insurance policy added to it. The advantage of this is that within a certain period of time, a relatively large sum assured can be maintained at a lower price , And at the same time obtain long-term lifetime protection.

American Life Insurance Guide ©️ Final Evaluation

There is no doubt that Northwestern Mutual (Northwestern Mutual Life Insurance Company) has become one of the leaders in the American life insurance industry with its long history and excellent credit rating. Northwestern Mutual's employee training program is also well-known in the industry, which guarantees the quality of service to consumers on the one hand.If you have to look for shortcomings, "there is very little information available to the outside world" may be considered one.

In short, whether consumers are buying simple term life insurance or complicated family property inheritance planning, Northwestern Mutual's advisory network and rich and diverse financial services throughout the United States are a good choice.

American Life Insurance Guide©️In the 2018 insurance company selection, rated it asTop5 Whole Life Savings Life Insurance Company.