When you surrender a policy, you agree to receive the accumulated value of the policy. You can either receive it in one lump sum or in regularly scheduled payments over a specific period of time. The frequency and amount of the payments are determined by the settlement plan you select.

Surrendering a policy could have tax or financial implications. Consult your Northwestern Mutual Financial Network Representative or tax adviser to determine if surrendering a policy is right for your financial situation.

Some policies will incur a surrender charge to cover administrative costs. See your policy provisions for details.

Information on the Settlement Plans Northwestern Mutual offers can be found under Settlement Plans.