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Reviews Report
- Northwestern Mutual offers several types of life insurance.
- The company’s other financial products, like long-term care insurance and financial planning, may be appealing to some customers.
- Northwestern Mutual offers fewer riders than many competitors, which could limit opportunities to customize your policy.
Northwestern Mutual Insurance, which was founded in 1857, offers an array of financial planning products and services, including college planning, estate planning, life insurance, and long-term care insurance. The company is highly rated with J.D. Power and offers several life insurance products. Reviews.com analyzed Northwestern Mutual life insurance to help you decide if the products fit your needs.
Northwestern Mutual Insurance Overview
| Life insurance | |
| J.D. Power Customer Satisfaction Score* | 807/1,000 |
| AM Best Financial Strength | A++ (Superior) |
*Based on J.D. Power’s 2021 Individual Life Insurance Study
Northwestern Mutual Life Insurance
Northwestern Mutual life insurance is highly rated by J.D. Power, earning the third-highest ranking in the 2021 Individual Life Insurance Study. The company offers an array of life insurance products, including whole life and term life, as well as two kinds of universal life insurance. Northwestern Mutual also offers financial planning, which may help you reach your long- and short-term money goals.
However, despite Northwestern Mutual’s extensive list of life insurance products, the coverage might not be right for everyone. Only a few riders are available for each policy type, which means fewer opportunities to tailor your coverage to your needs. Additionally, Northwestern Mutual doesn’t offer any guaranteed issue life insurance, which means that those with certain medical conditions may not be eligible for coverage.
Strengths: Several types of life insurance offered, financial planning services available, highly-rated service according to J.D. Power
Restrictions: Fewer riders than some competitors, no guaranteed issue products available
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About the Authors
Cate Deventer is a writer and licensed insurance agent. She has a Bachelor’s degree in theatre and is currently pursuing a degree in English with a concentration in professional and technical writing from Indiana University East. Her work has been featured on Reviews.com and Bankrate.com, and she’s passionate about helping people take charge of their finances. In her free time, she likes to read thrillers and sci-fi novels, garden, and toss tennis balls for her dog.
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