Northwestern Mutual Long Term Care Insurance Review
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Founded in 1857, Northwestern Mutual offers a wide range of insurance products, including long term care insurance, disability insurance, and life insurance, as well as multiple financial planning and investment services. Their sound financial backing and a comprehensive list of plans and benefits ranks them among the best in the market.
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Customer Comments & Reviews
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Have paid on this policy since 2010. Now a 30% increase in cost! And if you don't pay it. you no longer get the policy for which you have been paying. The fact that costs are increasing for long term care do not explain a 30% increase in your cost. My policy caps at $200 /day. If the rate is higher than that, I pay it not NWM. if the increase is due to longevity, the slight increase that I found in the last 10 years was in tenths of a year and also does not justify this kind of increase. Show us the data !!
Have owned a northwestern mutual policy since 2011 and have accepted all annual increases with no question. The increase this year, was the usual annual increase and an astronomical increase they claimed is due to rising healthcare costs and policy owners living longer. Northwestern mutual stated in the letter, this increase may be "unsettling". It made the policy totally unaffordable !
After stable premiums for the past 9 years we have been hit this year with a premium increase of 30% with the option to reduce benefits. Not what we expected based on previous reviews.
Rates are OK for men; Rates are extremely high for female applicants. No Preferred health discounts. Limited benefit period options. No Shared Coverage riders. There are better policy values. Mass Mutual, for example.