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Northwestern Mutual Life Insurance Ratings

Customer Satisfaction Ratings (based on 100 survey results)
Customer ServiceValue for PriceWebsite and Apps% Who Would Recommend to a FriendA.M. Best
Effective as of:

A.M. Best's Financial Strength Rating is an independent opinion of an insurer's financial strength and ability to meet its ongoing insurance policy and contract obligations.

A.M. Best's rating is NOT used to calculate the overall score but it is important information to consider when choosing an insurance company.

out of 100
May 29, 2019
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Reasons for Buying from Northwestern Mutual

Customers of Northwestern Mutual originally decided to purchase from the company for these reasons:
Recommended by friend or family member20%
Saw online ad20%
Offered best price12%
Financial Strength rating10%
Saw TV commercial7%
Was the company my parents had6%
I had other insurance with this company1%
The company website and mobile apps are easy to use and helpful0%

How likely are you to recommend this company to a friend, coworker or family member?

I probably would recommend this company. 52%
I would definitely recommend this company. 41%
Neutral 6%
I probably would not recommend this company. 1%
I would not recommend this company. 0%

What kind of insurance do you have?

Term 44%
Whole 43%
Both 12%
Other - fill in 1%

How much do you pay annually for your life insurance policy

$501-$750 25%
$751-$1,000 25%
less than $250 14%
$1,001-$1,500 14%
$251 - $500 13%
$1,501-$2,000 7%
More than $2,501 2%
$2,001-$2,500 0%

Website and Apps

How easy to use and how helpful they are
47%Good - Fulfills my needs
43%Excellent - Gives me what I need and more
5%Never visited/used website or mobile app
4%Just okay - Fulfills some but not all of my needs
1%Unsatisfactory - Doesn?t fulfill my needs, website/app is severely lacking

How You Prefer to Deal with Insurers

29%In person
20%Interactive website
4%Smartphone app
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About Northwestern Mutual

Products offered:

  • Term life
  • Whole life
  • CompLife
  • Universal life
  • Variable life

Additional products offered:

  • Disability insurance
  • Long-term care
  • Annuities
  • Investment accounts
  • Education finding

Best Life Insurance Companies: How Northwestern Mutual Stacks Up

Northwestern Mutual Life Insurance fared well in the annual Best Life Insurance Company survey. A high percentage of those surveyed, 93%, said they would recommend using this company to friends and family. Northwestern Mutual Life had a sold sixth place showing under the new rating category that respondents rated the ease of use of website and apps.

Gauging an insurance company

Before buying with a company it is wise to check on a company's financial strength and complaint record. The A.M. Best rating listed above gives you an idea of Allstate's financial strength to pay claims. A complaint ratio can be found on the National Association of Insurance Commissioners (NAIC) site. The median complaint ratio from the NAIC is always 1.00. This means half of the insurers have a complaint ratio of under 1.00 and half have a ratio above. Basically, numbers lower than 1.00 are better with fewer complaints than the median and a number higher than 1.00 has more complaints than the median. For life insurance, Northwestern Mutual Life (NAIC# 67091) had a complaint ratio of 0.03 for individual life insurance for 2018. 2019 complaint numbers will be available in 2020.

Company Background

A legacy of financial strength and customer satisfaction

Founded in Janesville, Wisconsin in 1857, Northwestern Mutual has become the nation’s largest direct provider of life insurance. They offer a variety of insurance products such as life insurance, long-term care insurance, disability insurance, annuities, mutual funds, and employee benefit services. 

Throughout the years, Northwestern Mutual has accumulated over $155 billion in total assets and boasts having the highest financial strength rating and paying industry-leading dividends. According to Northwestern Mutual's website, existing clients account for more than half of life insurance sales in an average year. 

Northwestern Mutual offers a variety of life insurance products, including permanent, term, combination and variable policies.  Their life insurance policies can provide temporary protection, estate planning and cash accumulation. The company's CompLife product combines permanent life insurance with term options. 

Contact information

Corporate headquarters

Northwestern Mutual
720 East Wisconsin Avenue
Milwaukee, WI 53202-4797
Telephone: (414) 271-1444

Insurance and investments: (866)950-4644

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