The Northwestern Mutual Life Insurance Company is a U.s. financial services organization based in Milwaukee. The financial security company providing consultation on the protection of wealth and income assets, education planning, retirement planning, investment consulting services, trust and private client services, planning and housing business planning. Its products include life, disability income, and long-term care insurance; annuity; investment; and investment consulting products and services.
History
Northwestern Mutual Life Insurance Company was founded as a Mutual State of Wisconsin on March 2, 1857. Originating in Janesville, Wisconsin, the company that recently moved moved to Milwaukee in 1859. Shortly thereafter, the company experienced two claims his first death, when a train ride from Janesville to Fond du Lac, Wisconsin derailed, killing 14 people, two of them are the owner of the policy. With the loss of $3,500 and $2,000 only have the funds, the company's President Samuel Daggett and Treasurer Charles Nash personally borrow the funds needed to pay the claim immediately.
After the accident, the company saw increased sales, and expansion into new markets. In 1865, she operated throughout the Midwest and have entered the markets along the Eastern Seaboard. To reflect the increase in the presence of this, the Board of Trustees changed the name of the company became The Northwestern Mutual Life Insurance Company. In 1864, the company pays dividends to the owner of his first policy. Once again pay a dividend in the year 1867 and 1870, and has done so every year since 1872.
Throughout the early years of the 20th century, Northwestern Mutual focuses on life insurance. At the same time, the company strives to improve akuntabilitasnya. In 1907, the company leaders invited the owner of a policy not to investigate financial guardian for accountability. This unique tradition continues to the present; Security Policy Checker Committee members have unlimited access to evaluate the operation, management, and Northwestern Mutual strategic plan independently.
In 1969, the company began offering disability income insurance. Less than a decade later, a series of retirement annuity was introduced to the market the benefits of the employees. In the 1990 's, the company sees further growth with the introduction of long-term care insurance. During the same period it, Northwestern Mutual also switched to investment management. In the year 2000, the company changed its name to reflect the expansion of its product offerings only to Northwestern Mutual.
In the year 2015, Northwestern Mutual Northwestern Mutual Tower began construction and Commons.
On March 25, 2015 then, Northwestern Mutual company buys a financial planning company LearnVest costing more than $250 million.
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