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  3. New York Life vs. Northwestern Mutual

Compare New York Life vs. Northwestern Mutual Life Insurance

What’s the difference between New York Life Term Life Insurance and Northwestern Mutual Life Insurance? See how our editors compare the two companies below.
Last Updated: November 30, 2024
New York Life
#12 in Life Insurance
VIEW RATES
Northwestern Mutual
4.8 / 5 - Excellent
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Key Facts

  • Talk to an agent about the best coverage for your needs
  • Income tax-free death benefit
  • Convert some policies to long-term protection

 

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  • Strong financial rating
  • Build cash value with flexible premiums
  • Guaranteed death benefits
  • Living/ accelerated death benefits
  • Spouse protection
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OVERALL RATINGS

 New York LifeNorthwestern Mutual
Company Stability0.0/55.0/5
Reputation0.0/54.8/5
Policies & Coverage0.0/54.5/5

Overall 2

Financial Strength

*The above information reflects the market share, premiums, and financial strength of the issuer of the Northwestern Mutual life insurance policies: The Northwestern Mutual Life Insurance Company.

Reputation & Customer Experience

Company Reputation

*The NAIC complaint ratio (in this case 0.03) is a ratio of the number of complaints a company received for the total premiums written in a calendar year. The median complaint ratio across all companies is 1. A score below 1 means the company received fewer than average complaints. A score above 1 means the company received a higher number of complaints than average.

Policy Differences

Northwestern Mutual offers customers the following life insurance policies: Term, Whole Life, Universal Life, Variable Universal Life.
New York Life
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Northwestern Mutual
  • Term-Permanent Conversions
  • Guaranteed Level Premiums
  • Guaranteed Renewability
  • Opportunity to Earn Dividends
New York Life
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Northwestern Mutual
  • Lifetime Coverage
  • Opportunity to Earn Dividends
  • Guaranteed Renewability
  • Guaranteed Insurability
  • Cash Value
  • Guaranteed Level Premiums
New York Life
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Northwestern Mutual

DO NOT USE - Quotacy Policies 1

DO NOT USE - Quotacy Policies 2

Flexibility and Available Riders

New York Life
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Northwestern Mutual
  • Waiver of Premium
  • Early Payment Benefit
New York Life
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Northwestern Mutual
  • Waiver of Premium
  • Early Payment Benefit
  • Additional Purchase Benefit
New York Life
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Northwestern Mutual
  • Waiver of Premium

Additional Company Information

 New York LifeNorthwestern Mutual

DISCLAIMER

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4.5 / 5 - Excellent
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