NM introduces Life Plus Series
Northwestern Mutual announced the launch of its new Life Plus Series life insurance offering.
“Clients face a myriad of challenges and goals – from retirement savings and college funding, to long-term care and legacy planning. Life insurance is a key element of comprehensive financial planning, so our goal was to help make this asset easier to understand and use, and more customizable, giving clients more ways to leverage it for their individual financial situations.” – David Simbro, senior vice president, Risk Products, at Northwestern Mutual.
The first product release is Whole Life Plus, which uses a building block approach to create a tailored solution for a client’s individual needs and budget. Customization can include various features such as:
- Blended Term offers immediate coverage at a lower cost and more whole life in the long run.
- Accelerated Care Benefit helps cover potential long-term care costs in the future.
- Waiver of Premium waives a client’s life insurance payments while they are totally disabled, ensuring they keep protection in place and stay on track with their financial goals.
In addition to whole life, new universal life products will be available as part of the new series later this fall.