Compare types of life insurance
Our industry-leading life insurance can simply protect your loved ones from the unexpected, or it can do that and give you more financial flexibility while you're living.
Benefits | Whole Life | Term Life | Universal Life | Variable Universal |
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Benefits snapshot |
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Premiums that never increase6 | ||||
Adjustable premiums4 | ||||
Builds cash value2 | Guaranteed cash value growth over time that can be used for anything you need. | Cash value growth is based on a daily interest rate and can be used for anything you need. | Cash value growth will fluctuate based on the markets and can be used for anything you need. | |
Potential for dividends3 | ||||
Optional riders | ||||
Cost of coverage | Depending on health, age, and coverage amount, it could be as low as $60 a month.7 | Depending on health, age, and coverage amount, it could be less than $1 a day.8 | Based on health, age, and coverage amount. | Based on health, age, and coverage amount. |
Learn more | Learn more | Learn more | Learn more |
See more details on the types of life insurance we offer
Whole life insurance
Get lifelong coverage1 that guarantees a payout to your loved ones when you pass away and builds cash value over time with our whole life insurance. The cash value can be used for anything you need throughout your life2 like college tuition, renovating your home, or as additional income in retirement.
Term life insurance
Have coverage for a set period like 10 or 20 years or even until you turn 80 years of age. With a term life insurance policy from Northwestern Mutual, you can convert it to whole life as your life changes so you have lifetime coverage and cash value that you can use while you're living.2
Universal life insurance
Along with lifelong coverage1 and cash value accumulation that you can use throughout your life,2 you'll also have more flexibility with universal life insurance. You can adjust your premiums and amount of the death benefit (within limits)4 to best align with your cash flow and needs over time.
Variable Universal life insurance
This type of policy gives you the most amount of flexibility. Just like universal life, variable universal life insurance will give you lifelong coverage,1 cash value accumulation,2 and an adjustable premium,4 plus you can choose how to invest5 the cash value to help produce greater returns.
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Ready to protect your loved ones with life insurance?
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The Northwestern Mutual difference
No. 1 ranked insurance company for consumer experience
Best life insurance company for consumer experience, 20239
A++ financial strength rating
AAA, Aaa, and AA+—we've earned the highest financial strength ratings awarded to life insurers from all four major rating agencies.10
$8.2B in dividends expected to be paid in 2025
in dividends expected to be paid in 20253