Northwestern Mutual is prospering amidst a tough economic climate. The company sat atop National Underwriter’s “Top 200” for individual life premiums and was named “World’s Most Admired” life insurance company by Fortune magazine in 2011.
Northwestern Mutual Life Insurance Company (Northwestern Mutual), Milwaukee, WI., serves 3.3 million policyowners, holding 5.2 million policies and has $1.2 trillion of life insurance protection in force.
The industry seems poised for growth as does Northwestern Mutual; between 2009 and 2010 individual life premiums across the country increased almost $9 billion, from $89 billion to 98 billion. Many in the industry view this as sign of the times–people have been forced, by dint of the recession, to realize the importance of financial planning and life insurance companies are ready to capitalize.
“Regardless of the economic climate, people need protection they can count on, financial professionals they can trust and dependable solutions that help safeguard their economic futures,” said Dave Simbro, Northwestern Mutual vice president-life products.