Combination Life Insurance

Offered through The Northwestern Mutual Life Insurance Company

A combination policy is a flexible life insurance policy that builds on traditional designs and guarantees. In its most flexible form a combination policy provides for a variety of changes in both face amount and premium.

Key Policy Features:

• Moderate premium and death benefit flexibility.
• Dividends replace any term insurance with paid-up traditional insurance, but are not guaranteed.
• Depending on the policy design, coverage for life may be subject to premium increases.
• Underlying values are invested in Northwestern Mutual’s general account.

When to Use:

• When you want to be eligible for Northwestern Mutual dividends.  Dividends are not guaranteed and are subject to change by the Board of Trustees.
• When you want to have the option to change your policy to “paid-up.”
• When you want premium and/or cash value guarantees.*
• When you need some policy flexibility.

Types of Policies Available:

• Adjustable CompLife®: Constructed of permanent and optional term insurance, additional premiums and lump sums. It provides death protection and cash value accumulation and can be custom-designed to meet your needs.
• Estate CompLife®: Constructed of permanent and optional Additional Protection term insurance, additional premiums and lump sums. It provides death protection and cash value accumulation and, within limits, can be customized to fit your budget.
• Survivorship CompLife®: A second-to-die life insurance policy containing permanent and optional Additional Protection term insurance, additional premiums and lump sums. It provides a benefit upon the death of the second insured that can help preserve the value of an estate or business.
• Corporate CompLife®: Contains permanent and optional Additional Protection term life insurance, additional premiums and lump sums. It is designed especially for the executive benefit market—offering a level premium contract with an integral, non-level death benefit schedule that is determined at issue.

*Guarantees are based on the claims-paying ability of Northwestern Mutual.

NMFR-COMB-001 (0408)