RIP OFF! Are you talking about whole life insurance cash value? You can always find the closest NML office and talk to them. From what I have seen you would have been better off buying a tax free bond, or bond fund, or just investing regularly if the goal is to save money. I think they do have one of the best out there but they only make sense for a small chunk of people. Every, and I mean every, person I talked to said their "trainer" went in and pushed their friends and family and did hard sales with their horrible insurance programs. Since then, I have purchased an additional whole life policy and a Northwestern annuity as well. A small (very small) portion of the job crunch has also been caused by the lack of retirement that's happening in the workplace as a result of these losses. Their products are horribly priced and generally outdated (6% dividends sounds great until you realize you're paying literally 2-3x as much in premium as you would be in a modern IUL), plus their sales force are a bunch of sharks and I've had multiple clients tell me about being offered rebates from NW agents if they sign up (meaning the agents offered to pay the premiums of the policy for 1-3 months, which is unethical and illegal). But it is in the policy holders best interest to only take risk in their best interest. Would you want your child in foster care because you did not have life insurance when you and your spouse died before your time. Even if the commissions are what they were then you probably did not make money. I have spoken to the company 4 times in the past 3 months. The insurance company figures that you want the greater of the death benefit or the cash value. Learn about Northwestern Mutual culture, salaries, benefits, work-life balance, management, job … EVERYBODY!) Northwestern Mutual stands out from other disability … In my opinion it is far easier to learn the basics of insurance than investment strategies, risks, and returns for savvy investors. I had to jump in because of so many misinterprutations. I have been in the insurance business for over 22 years. Problem is they recommend it to everyone! Northwestern Mutual is an excellent option for life insurance. Then you take insurance fees out, which they will never discuss but are necessary. Of the best reps in the company 60% were college interns that went on to success as a financial advisor with NM. Drug Rehab Deception Addiction Treatment Industry Rocked By Fraud & Abuse. I've heard stories about Edward Jones, but I can only speak to NM. YOU. Use common sense. You can get the same tax-deferred growth and even more competitive returns through AXA Equitable's VUL or National Life group or North American's IUL products for 60-75% of the premium contribution. She was outstanding! If they had even 25-30% of their investments secured in whole life insurance policies, they wouldn't have been hurt nearly as badly. Excellent Experience with Northwestern Mutual. My husband passed away from kidney cancer caused by cigarette smoking. RIP OFF! Celebrity Skin Cream wrinkle cream rip-off advertisements US Based and Foreign companies bilked consumers out of Hundreds of Millions of dollars over the past 7 years. The $5K figure is for early withdrawal and is wholly theoretical (I don't intend to withdraw from the account early). I asked them to stop withdrawing the monthly payment from my account. When I challenged the wisdom of this account, I was told that, as retirees, we needed to have conservative investments, especially in trying financial times. One, I doubt you listened to the training. I am sure the individual who wrote this report went on to a salaried position earning less than $50,000 per year with very little growth potential. So, you tell me what asset gives you great return, defers taxes (and has many options to use the money tax free), and is accessible to you at any time? Half true. Do your home work and work with a professional. Northwest Mutual claims to be a Financial Services and Wealth Management company (it's on their letterhead). In college 30 years ago to look out for our interests while making a fair return on the Loan from. Helping individuals build financial security, there is misunderstood slander put out by on... In life ones that help a person provide for our interests while making a fair return on the time,... Do, but man oh man to read other Ripoff Reports on Northwestern.. 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