Banner vs Northwestern Mutual Life Insurance

  • YEAR FOUNDED
    1949
  • CURRENT CEO
    Bernard Leigh Hickman
  • AVAILABLE
    All 50 States
  • ADDRESS
    3275 Bennett Creek Avenue Frederick, MD 21704 United States
  • TOP AWARDS

    "Best Term Assurance Provider"" at the Investment Life & Pensions Moneyfacts Awards 2017

    Communitas Award for Commitment to Corporate Social Responsibility

  • PROS
    • Flexibility of payment options and term limits for each option on the policy
    • Fast-track claims
    • Electronic application
  • CONS
    • Medical exam required.
    • Strict eligibility for preferred rates.
    • Options are very limited in scope
  • YEAR FOUNDED
    1859
  • CURRENT CEO
    John E. Schlifske
  • AVAILABLE
    49 States
  • ADDRESS
    720 East Wisconsin Ave. Milwaukee, WI 53202
  • TOP AWARDS

    One of the "World's Most Admired" life insurance companies in 2018 by Fortune

  • PROS
    • Diverse policy riders
    • Flexible payment terms
    • Best whole life insurance
  • CONS
    • No online quotes
    • No Child Term rider
SOURCEBannerNorthwestern Mutual
JD PowerN/A4/5
BBBA+N/A
AM BestA+A++
Moody'sN/AAaa
FitchAA-AAA
Standard & PoorAA-A+
Comdex Score94N/A
SOURCEBannerNorthwestern Mutual
Total Assets $7.3 Billion$250.4 billion?
Life Insurance in Force$658 Billion?$1.6 trillion
BannerNorthwestern Mutual
Term life insurance Term life insurance
Universal life insuranceWhole life insurance
Universal Life insurance
BannerNorthwestern Mutual
APPcelerateTerm life insurance
OPTerm Life InsuranceWhole life insurance
Universal Life insurance
BannerNorthwestern Mutual
Disability premium waiverAccidental Death rider
Conversion to permanentCritical Illness rider
Flexible payment scheduleDisability Income rider
Accelerated benefit riderThe waiver of premium rider
Term laddering rider
Child Protection Rider
Jonathan Holloway
October 13, 2019
John Holloway is a licensed life insurance agent and co-founder at NoExam.com
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