Paying premiums keeps your insurance policies in force and ensures your beneficiaries will receive the level of protection you planned for them.

Paying premiums has other advantages. It builds tax-deferred cash value, which provides money for emergencies, your children's education, a dream vacation or supplemental retirement income.

Ways to Pay Your Premium
Northwestern Mutual offers three easy ways to pay your premium.

Automatic withdrawal—Often called Electronic Funds Transfer (EFT), automatic withdrawal 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, complete the Electronic Funds Transfer form. You must also sign up for an Insurance Service Account (ISA). See Insurance Service Accounts for more information.

Direct billing—Northwestern Mutual sends you a billing notice in the mail. If you have several policies with Northwestern Mutual, you can have them placed on one bill using an ISA. Note: A separate ISA is required for variable products and annuity products.

Electronic Payment Services—Not to be confused with EFT, these refer to 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 the bill. An electronic payment service arrangement is an agreement between you and the provider of the service. You are responsible for coordinating the payment amount, date and payee with the service.

Tip: When paying through an electronic payment service, use your ISA or policy number. If the service does not ask you to enter your first and last name separately, enter your last name first.

Common Billing Questions

I received an "Urgent Notice" What does this mean?— We will send you an Urgent Notice if we don't receive a check from you within 10 days of the due date. If you have mailed your premium, don't panic. Your payment and the Urgent Notice may have crossed paths in the mail. If you have not paid your premium, do so as soon as possible to maintain your coverage.

Why are there changes to my bill amount?—The amount of your bill may change because:

• Your benefits have increased to keep pace with inflation.
• One or more policies have been added to or deleted from your bill.
• The annual premium on your term life insurance policy has increased.
• Changes have been made to the amount or use of your dividends.
• Changes have been made to your policy.

When You Don't Pay Your Premiums
If your premium payments are not automatically withdrawn from your bank account, Northwestern Mutual should receive payment by the due date on your bill. If the insured person dies during the grace period, the unpaid premium is deducted from the death benefit.

If your premium is not paid within the grace period and your policy has built cash value, you may be able to take advantage of your policy's nonforfeiture option which you selected at the time of policy issue. These options pay your premium and keep your policy in force for a specified time. Policies that do not have cash value, such as term insurance and disability insurance, will lapse when the grace period expires.

Available Options:

• Automatic Premium Loan (APL)— Any unpaid premium is automatically paid with a premium loan at the end of the grace period. Premium loans accrue interest according to the rate in your policy.

• Extended Term Coverage—Your policy's cash value is used to purchase term insurance that is equal to the face amount of your existing policy. If you do not resume payment of your premiums, your policy will terminate at the end of the term insurance period and will not have any value. This option applies only to whole life policies, excluding Variable CompLife.

• Paid Up Contract—If your contract is paid up, you do not need to make future premium payments to retain coverage. Limited-pay policies become paid up after the required number of premiums have been paid. The term also refers to the end result of a non-forfeiture option that causes a policy to convert to a smaller, but still participating, completely paid up policy.

Changing Bank Names/Payment Date
To change the date the premium is automatically withdrawn from your bank, or to let us know you have changed banks, contact your Northwestern Mutual Financial Network Representative, Northwestern Mutual directly at 1-800-388-8123 between 7:00 AM and 7:00 PM CST, or complete the Request for Service form. To change the payment date, you will need to provide:

• Your name
• Your ISA or policy/annuity numbers
• Your bank account number
• The current date of your automatic withdrawal
• The new date of your automatic withdrawal

 To change the bank where payments are withdrawn:

• Your name
• Your ISA or policy/annuity numbers
• Your bank transit/routing number
• Your new bank account number
• The name of your new bank