Northwestern Mutual offers insurance, investment products and advisory services that address client needs for financial protection, capital accumulation, and estate preservation and distribution. Products and services for the personal, business, estate and pension markets include permanent and term life insurance, disability income insurance, long-term care insurance, annuities, trust services and mutual funds.
The company has 3 million life insurance policyowners with more than 4.9 million policies, $145 billion in assets and $21.3 billion in revenues in 2007. Net income was $1 billion. It paid $5.0 billion in dividends to policy owners in 2007.
The Northwestern Mutual Financial Network is the marketing name for the company's sales and distribution arm. Representatives work closely with clients to develop customized plans that help meet long-term financial goals and objectives. The network has 350 offices across the U.S.
New Financial Representatives were recruited into the Northwestern Mutual Financial Network in record numbers during 2007 as 1,824 new full-time Financial Representatives began their career with Northwestern Mutual, a 13 percent increase from 2006.
Northwestern Mutual was founded on March 2, 1857 in rural Wisconsin. The company is organized as a mutual to ensure that any profits would accrue to policyowners, not stockholders.
In 1859, the young Northwestern Mutual's values are tested when a train wreck kills two policyowners. The claims totaled more than the company's assets, so the company president took out a personal loan. The beneficiaries were paid promptly.
In 2000, The Northwestern Mutual Financial Network becomes the marketing identity for the company's distribution system of 7,800 financial representatives in 350 offices nationwide.
- Medical, dental and vision plans effective
on first day of employment
Updated April 17, 2008