Mutual Life Insurance Company

AM Best Assigns Issuer Credit Rating to The Northwestern Mutual Life Insurance Company’s Funding Agreement-Backed Notes Program

Retrieved on: 
Wednesday, March 3, 2021
Professional services, Insurance, Finance, Finance, Money, Economy, Bond market, Credit risk, Northwestern Mutual, Mutual Life Insurance Company, Bond credit rating, Insurance

AM Best has assigned a Long-Term Issuer Credit Rating of aaa to Northwestern Mutual Global Funding (DE).

Key Points: 
  • AM Best has assigned a Long-Term Issuer Credit Rating of aaa to Northwestern Mutual Global Funding (DE).
  • Concurrently, AM Best has assigned a Long-Term Issue Rating of aaa to the $750 million, .375% senior secured notes, due Jan. 14, 2026, issued under Northwestern Mutual Global Fundings $10.0 billion funding agreement-backed notes program.
  • The ratings of The Northwestern Mutual Life Insurance Company (Northwestern Mutual) and its subsidiary, Northwestern Long Term Care Insurance Company, remain unchanged.
  • The notes are backed by Northwestern Mutual-issued funding agreements held by Northwestern Mutual Global Funding.

Versiti to Launch Northwestern Mutual Pediatric Leukemia Bank

Retrieved on: 
Tuesday, March 2, 2021
Northwestern Mutual, Insurance in the United States, Insurance companies, Financial services, Mutual Life Insurance Company, Financial adviser, Insurance, Mutual insurance, Edward J. Zore

MILWAUKEE, March 2, 2021 /PRNewswire/ --Versiti today announced that it has been awarded a $150,000 grant by Northwestern Mutual, through its Foundation, to launch the Northwestern Mutual Pediatric Leukemia Bank a collaborative bank between Versiti, Children's Wisconsin and the Medical College of Wisconsin which will enable timely access to leukemia samples from pediatric patients at the Milwaukee Regional Medical Center campus.

Key Points: 
  • MILWAUKEE, March 2, 2021 /PRNewswire/ --Versiti today announced that it has been awarded a $150,000 grant by Northwestern Mutual, through its Foundation, to launch the Northwestern Mutual Pediatric Leukemia Bank a collaborative bank between Versiti, Children's Wisconsin and the Medical College of Wisconsin which will enable timely access to leukemia samples from pediatric patients at the Milwaukee Regional Medical Center campus.
  • The grant from Northwestern Mutual will cover a significant portion of the estimated cost for the first five years of the bank's operations.
  • Locating viable pediatric leukemia samples is a challenge to researchers nationwide because of how samples are typically prepared and/or stored.
  • Northwestern Mutual is the marketing name for The Northwestern Mutual Life Insurance Company (NM)(life and disability insurance, annuities, and life insurance with long-term care benefits) and its subsidiaries inMilwaukee, WI.Subsidiaries includeNorthwestern Mutual Investment Services, LLC(investment brokerage services), broker-dealer, registered investment adviser, member FINRA and SIPC; the Northwestern Mutual Wealth Management Company (investment advisory and trust services), a federal savings bank; and Northwestern Long Term Care Insurance Company (long-term care insurance).

Northwestern Mutual Awards Nearly $300,000 in Grants for Exemplary Volunteerism

Retrieved on: 
Tuesday, February 23, 2021
Northwestern Mutual, Mutual Life Insurance Company, Insurance, Financial services in the United States, Service companies, Financial services

The mission of the Northwestern Mutual Foundation is to improve the lives of children and families in need.

Key Points: 
  • The mission of the Northwestern Mutual Foundation is to improve the lives of children and families in need.
  • We accomplish this by combining financial support, volunteerism, thought leadership and convening community partners to deliver the best outcomes.
  • Northwestern Mutual has been helping people and businesses achieve financial security for morethan 160 years.
  • Northwestern Mutual is the marketing name for The Northwestern Mutual Life Insurance Company (NM), Milwaukee, WI (life and disability insurance, annuities, and life insurance with long-term care benefits) and its subsidiaries.

Northwestern Mutual Expands New York City Presence

Retrieved on: 
Wednesday, February 17, 2021
Finance, Money, Economy, Northwestern Mutual, Securities Investor Protection Corporation, Financial adviser, Mutual Life Insurance Company, Broker-dealer, Insurance, MassMutual, CUNA Mutual Group

"This exciting expansion is an opportunity to deliver financial planning solutions to historically underserved communities," said Tim Gerend, chief distribution officer, Northwestern Mutual.

Key Points: 
  • "This exciting expansion is an opportunity to deliver financial planning solutions to historically underserved communities," said Tim Gerend, chief distribution officer, Northwestern Mutual.
  • Northwestern Mutual Distribution Growth Ventures is focused on underpenetrated market expansion, competitive recruitment and other innovation within the company's distribution system.
  • Northwestern Mutual is the marketing name for The Northwestern Mutual Life Insurance Company (NM)(life and disability insurance, annuities, and life insurance with long-term care benefits) and its subsidiaries in Milwaukee, WI.
  • Subsidiaries includeNorthwestern Mutual Investment Services, LLC(investment brokerage services), broker-dealer, registered investment adviser, member FINRA and SIPC; the Northwestern Mutual Wealth Management Company (investment advisory and trust services), a federal savings bank; and Northwestern Long Term Care Insurance Company.

Northwestern Mutual Named One of FORTUNE Magazine's World's Most Admired Companies

Retrieved on: 
Monday, February 1, 2021
Northwestern Mutual, Mutual Life Insurance Company, Service companies, Financial services

MILWAUKEE, Feb. 1, 2021 /PRNewswire/ -- Northwestern Mutual , a leading financial security company, announced today it has been named one of the World's Most Admired Companies in its industry according to FORTUNE's annual survey for the 38th year.

Key Points: 
  • MILWAUKEE, Feb. 1, 2021 /PRNewswire/ -- Northwestern Mutual , a leading financial security company, announced today it has been named one of the World's Most Admired Companies in its industry according to FORTUNE's annual survey for the 38th year.
  • Northwestern Mutual secured the number one ranking for the financial soundness, long-term investment value, people management, and use of corporate assets categories.
  • "Northwestern Mutual is proud of our exceptional financial strength which ensured we were prepared to navigate the uncertainties of 2020," said John Schlifske, Northwestern Mutual chairman, president and CEO.
  • Northwestern Mutual is the marketing name for The Northwestern Mutual Life Insurance Company (NM)(life and disability insurance, annuities, and life insurance with long-term care benefits) and its subsidiaries in Milwaukee, WI.

The Penn Mutual Life Insurance Company Announces New Managing Partners

Retrieved on: 
Wednesday, January 27, 2021
Horsham, Pennsylvania, Penn Mutual, Mutual Life Insurance Company

HORSHAM, Pa., Jan. 27, 2021 /PRNewswire/ -- The Penn Mutual Life Insurance Company (Penn Mutual), a Fortune 1000 company, announces the recent appointment of new managing partners in three of its Career Agency System offices.

Key Points: 
  • HORSHAM, Pa., Jan. 27, 2021 /PRNewswire/ -- The Penn Mutual Life Insurance Company (Penn Mutual), a Fortune 1000 company, announces the recent appointment of new managing partners in three of its Career Agency System offices.
  • Pendergrass joined Penn Mutual in 2012 and received the National Sales Manager of The Year Award for the Career Agency System at Penn Mutual in 2017.
  • Aaron Peck was named Managing Partner of the Dallas-area agency, Penn Mutual Wealth Strategies, in March 2020.
  • 2021 The Penn Mutual Life Insurance Company, 600 Dresher Road, Horsham, PA 19044

Boston Mutual Life Insurance Company Announces Appointments of New Leaders in Omaha Office

Retrieved on: 
Tuesday, January 26, 2021
Mutual Life Insurance Company, Insurance, Mutual organization, Mutual, Cooperatives, Liberty Mutual, Demutualization

"We're pleased to have Jen and Andrew in the Boston Mutual Life family they will be leaders in driving continuous improvement in the customer and employee experience across our organization," said Paul A. Quaranto, Jr., Chairman, CEO and President at Boston Mutual Life Insurance Company.

Key Points: 
  • "We're pleased to have Jen and Andrew in the Boston Mutual Life family they will be leaders in driving continuous improvement in the customer and employee experience across our organization," said Paul A. Quaranto, Jr., Chairman, CEO and President at Boston Mutual Life Insurance Company.
  • The office in Nebraska is the first non-sales office in Boston Mutual Life's history outside of organization's headquarters in Canton.
  • Founded as a progressive life insurance company in 1891, Boston Mutual Life Insurance Company is a national carrier that provides insurance solutions designed for working Americans and their families, as well as enrollment and billing options at the workplace.
  • With its home office based in Canton, Massachusetts, as a mutual company, Boston Mutual Life is dedicated to acting in the best interests of its policyholders, producers, employees, and its communities.

Boston Mutual Life Insurance Company Appoints Strategic Leaders in Canton Office

Retrieved on: 
Tuesday, January 26, 2021
Mutual Life Insurance Company, Insurance, Mutual organization, Cooperatives, Organizations, Financial services, Liberty Mutual, Amica Mutual Insurance

"Boston Mutual Life is pleased to appoint Josh and Jenn into their new roles at the company," said Paul A. Quaranto, Jr., Chairman, CEO and President at Boston Mutual Life Insurance Company.

Key Points: 
  • "Boston Mutual Life is pleased to appoint Josh and Jenn into their new roles at the company," said Paul A. Quaranto, Jr., Chairman, CEO and President at Boston Mutual Life Insurance Company.
  • Boston Mutual Life Insurance Company's home office has been based in Canton since 1974; the company started in Boston in 1891 and has since expanded its reach across the company.
  • Founded as a progressive life insurance company in 1891, Boston Mutual Life Insurance Company is a national carrier that provides insurance solutions designed for working Americans and their families, as well as enrollment and billing options at the workplace.
  • With its home office based in Canton, Massachusetts, as a mutual company, Boston Mutual Life is dedicated to acting in the best interests of its policyholders, producers, employees, and its communities.

New York Life Announces Expansion of Company Bereavement Benefit

Retrieved on: 
Monday, January 25, 2021
Professional services, Insurance, Human resources, Finance, New York Life Insurance Company, Insurance, Mutual Life Insurance Company, Insurance companies, Insurance in the United States, Service companies

Through the New York Life Foundations focus on childhood bereavement, we know that building resiliency among children starts with the caring adults in their lives.

Key Points: 
  • Through the New York Life Foundations focus on childhood bereavement, we know that building resiliency among children starts with the caring adults in their lives.
  • This update is a natural extension of the New York Life Foundation's focus on bereavement and our commitment to supporting those who are grieving including our employees.
  • New York Life Insurance Company ( www.newyorklife.com ), a Fortune 100 company founded in 1845, is the largest mutual life insurance company in the United States* and one of the largest life insurers in the world.
  • Headquartered in New York City, New York Lifes family of companies offers life insurance, retirement income, investments and long-term care insurance.

Sproutt Partners with SBLI and Afficiency to Expedite Approval Process for Personalized Life Insurance Policies

Retrieved on: 
Tuesday, December 15, 2020
Types of insurance, Insurance, Mutual Life Insurance Company, Life insurance

The product is offered in partnership with Woburn, Massachusetts-based insurance carrier SBLI (The Savings Bank Mutual Life Insurance Company of Massachusetts) and Afficiency , a startup that delivers life insurance via API.

Key Points: 
  • The product is offered in partnership with Woburn, Massachusetts-based insurance carrier SBLI (The Savings Bank Mutual Life Insurance Company of Massachusetts) and Afficiency , a startup that delivers life insurance via API.
  • This product marks an important step towards expanding efficient and easy access to personalized, data-driven life insurance policies.
  • "We are thrilled to partner with Sproutt, whose revolutionary approach to life insurance serves as a model for a more personalized, customer-centric life insurance experience while leveraging data and technology to drive an efficient buying process and promoting living a healthy life.
  • For over 110 years, SBLI (The Savings Bank Mutual Life Insurance Company of Massachusetts) has specialized in providing hassle-free, affordable life insurance.