We would love to hear from you. Click on the ‘Contact Us’ link to the right and choose your favorite way to reach-out!

wscdsdc

media/speaking contact

Jamie Johnson

business contact

Victoria Peterson

Contact Us

855.ask.wink

Close [x]
pattern

Industry News

Categories

  • Industry Articles (21,155)
  • Industry Conferences (2)
  • Industry Job Openings (35)
  • Moore on the Market (414)
  • Negative Media (144)
  • Positive Media (73)
  • Sheryl's Articles (800)
  • Wink's Articles (353)
  • Wink's Inside Story (274)
  • Wink's Press Releases (123)
  • Blog Archives

  • March 2024
  • February 2024
  • January 2024
  • December 2023
  • November 2023
  • October 2023
  • September 2023
  • August 2023
  • July 2023
  • June 2023
  • May 2023
  • April 2023
  • March 2023
  • February 2023
  • January 2023
  • December 2022
  • November 2022
  • October 2022
  • September 2022
  • August 2022
  • July 2022
  • June 2022
  • May 2022
  • April 2022
  • March 2022
  • February 2022
  • January 2022
  • December 2021
  • November 2021
  • October 2021
  • September 2021
  • August 2021
  • July 2021
  • June 2021
  • May 2021
  • April 2021
  • March 2021
  • February 2021
  • January 2021
  • December 2020
  • November 2020
  • October 2020
  • September 2020
  • August 2020
  • July 2020
  • June 2020
  • May 2020
  • April 2020
  • March 2020
  • February 2020
  • January 2020
  • December 2019
  • November 2019
  • October 2019
  • September 2019
  • August 2019
  • July 2019
  • June 2019
  • May 2019
  • April 2019
  • March 2019
  • February 2019
  • January 2019
  • December 2018
  • November 2018
  • October 2018
  • September 2018
  • August 2018
  • July 2018
  • June 2018
  • May 2018
  • April 2018
  • March 2018
  • February 2018
  • January 2018
  • December 2017
  • November 2017
  • October 2017
  • September 2017
  • August 2017
  • July 2017
  • June 2017
  • May 2017
  • April 2017
  • March 2017
  • February 2017
  • January 2017
  • December 2016
  • November 2016
  • October 2016
  • September 2016
  • August 2016
  • July 2016
  • June 2016
  • May 2016
  • April 2016
  • March 2016
  • February 2016
  • January 2016
  • December 2015
  • November 2015
  • October 2015
  • September 2015
  • August 2015
  • July 2015
  • June 2015
  • May 2015
  • April 2015
  • March 2015
  • February 2015
  • January 2015
  • December 2014
  • November 2014
  • October 2014
  • September 2014
  • August 2014
  • July 2014
  • June 2014
  • May 2014
  • April 2014
  • March 2014
  • February 2014
  • January 2014
  • December 2013
  • November 2013
  • October 2013
  • September 2013
  • August 2013
  • July 2013
  • June 2013
  • May 2013
  • April 2013
  • March 2013
  • February 2013
  • January 2013
  • December 2012
  • November 2012
  • October 2012
  • September 2012
  • August 2012
  • July 2012
  • June 2012
  • May 2012
  • April 2012
  • March 2012
  • February 2012
  • January 2012
  • December 2011
  • November 2011
  • October 2011
  • September 2011
  • August 2011
  • July 2011
  • June 2011
  • May 2011
  • April 2011
  • March 2011
  • February 2011
  • January 2011
  • December 2010
  • November 2010
  • October 2010
  • September 2010
  • August 2010
  • July 2010
  • June 2010
  • May 2010
  • April 2010
  • March 2010
  • February 2010
  • January 2010
  • December 2009
  • November 2009
  • October 2009
  • August 2009
  • June 2009
  • May 2009
  • April 2009
  • March 2009
  • November 2008
  • September 2008
  • May 2008
  • February 2008
  • August 2006
  • Northwestern Mutual Introduces Income Protection for Part-Time Workers and Stay-at-Home Spouses

    November 2, 2016 by Northwestern Mutual

    MILWAUKEE, Nov. 1, 2016 /PRNewswire/ — Demographic shifts and changing economic realities are redefining the work world with a growing number of Americans opting for the flexibility of freelance or part-time positions.

    In fact, one-third of the U.S. workforce (55 million people in 2016) now considers itself freelance and that’s expected to reach 50 percent by 2020, per data from the Freelancers’ Union. And the number of Americans working part-time–whether freelancing or in a permanent job–has also increased, according to the U.S. Bureau of Labor statistics.

    Moreover, the number of people providing full-time care to either children or adults is trending upward as well. Pew Research notes an uptick in stay-at-home spouses while nearly 40 million people are informal/family caregivers to someone ill, disabled, or elderly.

    New Realities, New Solutions

    In response to these evolving dynamics, Northwestern Mutual today announced the addition of two new types of coverage to its suite of disability income insurance solutions designed to reflect the expanding definition of employment:

    • Stay-at-home spouse/companion coverage – recognizes the important economic value of contributions made by a stay-at-home partner in providing elder, minor or special needs care. This feature is intended to protect the unique family dynamics and lifestyle benefits facilitated by a stay-at-home spouse or caregiver.
    • Part-time employee coverage – protects individuals who work between 15-29 hours a week. To align with the fluid nature of people’s career paths and personal priorities, Northwestern Mutual is the first provider offering the option to expand coverage if employment status changes to full time. Coverage is also portable between jobs.

    “Today, the opportunity to shape one’s personal or professional journey has become increasingly important,” said Steve Stribling, vice president, disability income, Northwestern Mutual. “Our new solutions extend an affordable safety net to people employed outside of traditional positions with paid sick leave and other benefits, enabling them to relieve the pressure of the unexpected while pursuing their aspirations.”

    Disability income insurance protects an individual’s most important asset—the ability to earn an income—by replacing a portion of that income should they become sick or injured and unable to work. With disability insurance, people can focus on their health while continuing to help meet their financial obligations without the fear of depleting their nest egg.

    Planning & Progress Study

    Notably, however, while more than three-quarters of Americans rely on their own or a spouse’s income as a primary means of financial support, few have an income protection strategy, according to findings from Northwestern Mutual’s 2016 Planning & Progress Study. In fact, when asked how they would meet their financial obligations if they or their spouse were unable to work, most opted for stopgap measures such as reducing expenses and using personal savings.

    “Considering that the U.S. government estimates a one in four chance of experiencing an illness or injury before retirement, it’s essential for all individuals working in any capacity to have a plan in place to protect the one asset that helps protect all other assets,” continued Stribling. “Trying to meet routine financial obligations without an income can quickly derail retirement planning and other financial goals.”

    Northwestern Mutual provides a variety of tools and educational resources, including a new Disability Insurance Calculator which analyzes individuals’ current financial plans to answer the question: “What would your life be like without a paycheck?”

    *Keep in mind all policies contain exclusions, limitations, and reduction of benefits. 

     

     

     

    About Northwestern Mutual
    Northwestern Mutual has been helping families and businesses achieve financial security for nearly 160 years. Our financial representatives build relationships with clients through a distinctive planning approach that integrates risk management with wealth accumulation, preservation and distribution. With $238.5 billion in assets, $27.9 billion in revenues and more than $1.6 trillion worth of life insurance protection in force, Northwestern Mutual delivers financial security to more than 4.4 million people who rely on us for insurance and investment solutions, including life, disability income and long-term care insurance; annuities; trust services; mutual funds; and investment advisory products and services. Northwestern Mutual ranks 100 on the 2016 FORTUNE 500, and is recognized by FORTUNE as one of the “World’s Most Admired” life insurance companies in 2016.

    Northwestern Mutual is the marketing name for The Northwestern Mutual Life Insurance Company, Milwaukee, WI, and its subsidiaries. Northwestern Mutual and its subsidiaries offer a comprehensive approach to financial security solutions including: life insurance, long-term care insurance, disability income insurance, annuities, life insurance with long-term care benefits, investment products, and advisory products and services. Subsidiaries include Northwestern Mutual Investment Services, LLC (NMIS), broker-dealer, registered investment adviser, member FINRA and SIPC; the Northwestern Mutual Wealth Management Company (NMWMC), federal savings bank; and Northwestern Long Term Care Insurance Company (NLTC).

    – See more at: http://www.lifehealth.com/northwestern-mutual-introduces-income-protection-part-time-workers-stay-home-spouses/?utm_source=iContact&utm_medium=email&utm_campaign=e-newsLink&utm_content=rsli#sthash.bEpUTAo3.dpuf

    Originally Posted at Advisor Magazine on November 1, 2016 by Northwestern Mutual.

    Categories: Industry Articles
    currency