90 Life is a good permanent life insurance choice when death benefit and cash value are of equal importance. A longer premium paying period means lower premiums with a longer period to build cash values.
On the life of a breadwinner . . . permanent life insurance protects a family’s standard of living.
On the life of a homemaker . . . it provides funds to replace lost household services and child care.
On the life of a child . . . with the Additional Purchase Benefit . . . it can guarantee insurability for years to come.
The cash value will be available both for life’s emergencies and life’s opportunities. College educations may be financed, mortgages may be paid off earlier, and life during retirement may be made a little more comfortable.
Permanent life insurance protection is permanent as long as premiums are paid.
Premiums are level and payable to age 90 or until death, if sooner.
Dividends can increase your coverage or reduce your premium outlay – your choice.
Cash values may increase faster when dividends are used to purchase additional insurance.
Cash values are accessible and available via loans for emergency or opportunity.
Business Protection
90 Life is an ideal permanent life insurance product to provide security and value in business situations. Whether you are interested in providing benefits to your employees, or in insuring a few executives, 90 Life may fit the bill.
Deferred Compensation, Bonus, and Key Employee plans are often best funded with permanent, level premium products. One of the best vehicles for fulfilling Buy-Sell agreements and Split Dollar arrangements often turns out to be Northwestern Mutual’s 90 Life product.
90 Life Specifications
Features
Guaranteed death benefit
Guaranteed minimum cash value
Guaranteed premiums
Eligible to receive dividends
Optional additional premiums and lump sums
Issue Ages
Ages 0-80
Policy Sizes
Minimum amounts: $25,000; $1,000 for ES-INS
Maximum amount: Based on underwriting and insurable interest limits.
Death Proceeds
Original guaranteed face amount plus any dividend additions. Any policy debt (outstanding loans and accrued interest) will be deducted from policy proceeds.
Premiums
Level premiums payable to age 90 or until death, if sooner.
Dividend Options*
Increase policy values.
Reduce premium payments.
Accumulate at interest.
Receive in cash.
*Dividends are not guaranteed.
Options Available If Premium Payments Are Missed
Automatic Premium Loan (APL) supported by the cash value.
Remain in force as a reduced paid-up permanent life insurance plan.
Remain in force for a limited period of time as extended term insurance.
Cash surrender.
Policy Loans
Most of the accumulated cash value in a permanent life insurance policy is available for loan.
Variable loan rate option.
With “Direct Recognition” the percentage of cash value borrowed affects amount of dividend credited.
Any outstanding loan and accrued interest balances are deducted from the policy proceeds upon surrender or death.
In Arkansas, 90 Life policies will have 5%.
Optional Policy Benefits*
Waiver of Premium (Ages 0-59)
Indexed Protection (Ages 0-75)
Additional Purchase (Ages 0-38)
*Subject to underwriting and/or additional cost.
This policy has exclusions. For costs and more complete information, contact your Northwestern Mutual representative.
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