Northwestern Mutual Disability Insurance: Protect Your Income and Your Future

If you depend on your income, you need to protect it and this is where Northwestern Mutual disability insurance comes in.

Northwestern Mutual disability insurance logo
Photo courtesy: Investopedia

Disability insurance can replace a portion of your income if you’re ever too sick or injured to work.

However, not all disability insurance policies are created equal. This article will help you understand why Northwestern Mutual disability insurance is one of the best options for you and your family.

Continue reading to learn why.

What is disability insurance?

Disability insurance is a type of insurance that pays you a monthly benefit if you become disabled and unable to work.

The benefit amount is usually a percentage of your pre-disability income, up to a certain limit.

Disability insurance can help you cover your living expenses, pay off debts, save for retirement, and maintain your lifestyle while you recover from your illness or injury.

There are two main types of disability insurance:

  • Short-term
  • Long-term

Short-term disability insurance covers you for a few weeks or months, while long-term disability insurance covers you for years or even until retirement age.

You can get disability insurance through your employer, or you can buy your own individual policy.

READ MORE: Own Occupation Disability Insurance: The Secret Weapon of Successful Professionals

Why do you need disability insurance?

You might think you don’t need disability insurance if you’re young, healthy, and have a stable job. But the truth is, anyone can become disabled at any time.

According to the US Social Security Administration, about one in four 20-year-olds will become disabled before they reach age 67. And the most common causes of disability are not accidents, but illnesses such as cancer, heart disease, and mental disorders.

If you become disabled and can’t work, you’ll lose your income and face additional expenses for medical care, rehabilitation, and home modifications.

Without disability insurance, you’ll have to rely on your savings, your family, or government programs such as Social Security Disability Insurance (SSDI) or Workers’ Compensation.

But these sources may not be enough to cover your needs. SSDI benefits are low and hard to qualify for, and Workers’ Compensation only covers work-related injuries.

That’s why disability insurance is a vital part of your financial plan. It can provide you with a steady income stream that can help you pay your bills, support your family, and achieve your goals.

Disability insurance can also give you peace of mind, knowing that you’re prepared for the unexpected.

Why choose Northwestern Mutual disability insurance?


Northwestern Mutual is a leading provider of disability insurance, with over 160 years of experience and financial strength.

Northwestern Mutual offers a variety of disability insurance policies that can suit your needs and budget.

Here are some of the benefits of choosing Northwestern Mutual disability insurance:

  • Own occupation definition of disability

This means that you’re considered disabled if you can’t perform the main duties of your own occupation, even if you can work in another occupation.

This is especially important for professionals and highly skilled workers, who may have a hard time finding a comparable job in another field.

  • Non-cancelable and guaranteed renewable

This means that Northwestern Mutual can’t cancel your policy, raise your premiums, or change your benefits as long as you pay your premiums on time.

This gives you security and stability for the duration of your policy.

  • Flexible benefit period and elimination period

The benefit period is how long you’ll receive disability benefits, and the elimination period is how long you have to wait before you start receiving benefits.

Northwestern Mutual lets you choose from various options for both, depending on your needs and budget.

For example, you can choose a benefit period of 2 years, 5 years, 10 years, or until age 65 or 67, and an elimination period of 30, 60, 90, 180, or 365 days.

  • Optional riders and features

Northwestern Mutual also offers several riders and features that you can add to your policy to enhance your coverage and benefits.

For example, you can add a cost of living adjustment (COLA) rider, which increases your benefit amount every year to keep up with inflation.

You can also add a residual disability benefit, which pays you a partial benefit if you can work part-time or at a reduced capacity.

Other options include a future purchase option, a waiver of premium, and a catastrophic disability benefit.

  • Tax-free benefits

If you pay your premiums with after-tax dollars, your disability benefits will be tax-free. This means that you’ll get to keep more of your money and have more purchasing power.

How to get started with Northwestern Mutual disability insurance?

If you’re interested in getting Northwestern Mutual disability insurance, the first step is to find a financial advisor who can help you. A financial advisor can assess your needs, explain your options, and guide you through the application process.

You can use the online tool to find a financial advisor near you, or you can call (414) 271-1444 to speak to a representative.

The next step is to apply for a disability insurance policy. You’ll have to fill out an application form, answer some health and lifestyle questions, and provide proof of your income and occupation. You may also have to undergo a medical exam and provide additional information if requested. The underwriting process can take a few weeks or months, depending on your situation.

After approval, you will receive your policy and begin paying your premiums.

You’ll also have a free look period, which is a grace period during which you can review your policy and cancel it without penalty if you change your mind.

After that, your policy will activate and will cover you in case of disability.


Disability insurance is a smart way to protect your income and your future.

Northwestern Mutual disability insurance is one of the best options available, as it offers high-quality coverage, flexible options, and reliable service.

To get started with Northwestern Mutual disability insurance, contact a financial advisor today and apply for a policy that suits your needs and budget.

Don’t wait until it’s too late – get disability insurance now and secure your peace of mind.

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