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July 04, 2015 8:30 PM ET

Insurance

Company Overview of The Northwestern Mutual Life Insurance Company

Company Overview

The Northwestern Mutual Life Insurance Company provides various life insurance products to personal, business, and estate markets primarily in the United States. Its products include permanent and term life insurance products; disability insurance; long-term care insurance; annuity products, such as deferred and income annuities; and education funding plans. The company’s investment products and services comprise brokerage services, investment advisory services, trust services, financial planning services, and portfolio management services. The Northwestern Mutual Life Insurance Company was founded in 1857 and is based in Milwaukee, Wisconsin.

720 East Wisconsin Avenue

Milwaukee, WI 53202

United States

Founded in 1857

Phone:

414-271-1444

Key Executives for The Northwestern Mutual Life Insurance Company

Chairman, Chief Executive Officer, Member of the Management Committee and Member of Finance Committee
Age: 55
President
Age: 57
Chief Financial Officer and Executive Vice President
Age: 53
Executive Vice President of Operations and Technology
Chief Investment Officer and Executive Vice President
Age: 56
Compensation as of Fiscal Year 2015.

The Northwestern Mutual Life Insurance Company Key Developments

Northwestern Mutual to Move its Downtown Office to Creve Coeur

Northwestern Mutual is spending more than $1 million to move its downtown office and 100 employees to Creve Coeur. Currently located in 20,000 square feet on the 10th floor of the Gateway One Building at 701 Market St., the office will move in mid-July to 25,000 square feet on the fourth floor of Creve Coeur Center IV at 622 Emerson Road, Gerard Hempstead. The more than $1 million includes construction by ISC Contracting and design by the Lawrence Group, Hempstead said. He also oversees satellite offices in Glen Carbon, Illinois, and Columbia, Missouri. Assets under management totaled $912 million at the end of 2014, and Hempstead projects that will surpass $1 billion by the end of the year. Northwestern Mutual has 46,000 living policy owners in the St. Louis region who own a total of more than $20 billion of death benefits with $2.1 billion of cash value.

The NFL Alumni Association Announces Agreement with Northwestern Mutual

The NFL Alumni Association announced an agreement with Sam McClain from Northwestern Mutual to help provide financial services and resources to the members and families of the NFLA. Members of the NFLA and their families will have the opportunity for a free consultation with Sam McClain and his team of financial representatives from Northwestern Mutual.

Northwestern Mutual to Pay $84 Million to Settle the Annuities Lawsuit

Northwestern Mutual Life Insurance Co. will pay $84 million to settle a class-action lawsuit that alleged the insurer changed the payment structure of annuities sold before 1985 without notifying policyholders. Roughly 4,000 current and 29,000 former policyholders will be eligible for payments under the settlement. The settlement must be approved by a federal judge, which could happen by the end of the summer.

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