July, 26 2017

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Northwestern Mutual Life Insurance Review 2017

Northwestern Mutual Life Insurance Review 2017

Author
  • Price
  • Underwriting
  • Financial Strength

Northwestern Mutual Life Insurance Review 2017

Pros:  Financial strength– Northwestern Mutual has the highest rating available possible from each of the four major rating agencies, a perfect 100 out of 100 Comdex score, which is extremely rare in 2017. Also Northwestern Mutual was one of the top insures who did not need to accept bail out money during the financial crisis in 2008-2009.  History– NW Mutual is also one of the largest and most storied insurance companies in America and have been around since 1857. Dividends- Northwestern Mutual paid out $5.6 billion in dividends in 2015/2016. Claims– Northwestern Mutual paid out $3.9 billion in life disability and long term care claims in 2015.

Cons:  As with the other A++ Superior rated mutual insurers, Northwestern Mutual’s life insurance rates are often higher compared to other Superior (A+ rated) rated insurers.

Bottom Line:  Northwestern Mutual has the best financial rating of any life insurance company in the nation with an A++ (Superior) A.M. Best rating and a perfect 100 Comdex rating.  Just like New York Life they are the cream of the crop as far as ratings in 2017.  However, their prices are expensive compared to companies’ with a similar (Superior) rating by A.M. Best, especially for term insurance (with the exception being their tobacco rates).  As with all the companies we review we recommend that you receive a quote from Northwestern Mutual and from the other top companies and choose the best one for you.

 

About

Type: Mutual

Underwriter: Northwestern Mutual Life Insurance Company

Founded: 1857

Website: northwesternmutual.com

Phone: (414) 271-1444

Address: 720 E Wisconsin Ave, Milwaukee, WI 53202

A.M Best Rating 2017: A++ (Superior) Best rating of 16 possible ratings

Comdex Ranking: 100 out of 100

BBB Rating: A+

Competitors: MassMutual, New York Life, Principal, Mutual of Omaha, Guardian, Pacific Life Insurance, North American Co, Lincoln National Life, State Farm, Farmers, Allstate, Nationwide, American Family Life Insurance, Progressive Life Insurance, ANICO, Allianz Life Insurance Company, Fidelity & Guaranty Life, American General Life, Banner Life, Protective Life, Primerica, Genworth Life,  ING-ReliaStar, Transamerica, Prudential, Midland, Cincinnati Life, Grange Life Insurance Company, Symetra Life Insurance Company, a, John Hancock, PennMutual,  TIAA-CREF, OneAmerica, Minnesota Life, RiverSource, Allianz Life Insurance Company, Thrivent Financial for Lutherans, AAA, Erie, Sagicor, Amica, Assurity, Colonial Penn, AARP, Globe Life, Ohio National Life Group, EMC National Life, Motorists Life, Pan-American Life, National Life Group, American Family, Shelter, HoraceMann, Group Life Insurance, Supplemental Life Insurance, Aflac, Voluntary Life Insurance, Unum.

 

 

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