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Premium Payments

Paying premiums keeps your disability income policy in force and ensures you will continue to receive the protection and peace of mind your policy offers.

Ways to Pay Your Premiums
Northwestern Mutual offers three easy ways to pay your disability income insurance premiums.

  • Automatic withdrawal: Automatic withdrawal, often called Electronic Funds Transfer (EFT), is the quickest, most convenient way to pay your premiums. Just tell us what checking or savings account you want the money to come from, and how often you want to pay. You can pay your premiums monthly, quarterly, every six months or once a year. To pay by automatic withdrawal, please complete the EFT Form.
  • Direct billing: Northwestern Mutual sends you a billing notice in the mail. If you have several policies with Northwestern Mutual, you can have them all placed on one bill using an Insurance Service Account (ISA).
  • Electronic Payment Services: Not to be confused with EFT, these are outside electronic bill payment services such as MSMoney, Quicken or your bank. Northwestern Mutual still bills you directly, but you instruct the outside service to pay. An electronic payment service arrangement is an agreement between you and the provider of the service. Unlike EFT, where Northwestern Mutual draws the amount for the payment on the day it is due, you are responsible for coordinating the payment amount, date and payee with the service.