Yearly Renewable Term (YRT)
A life insurance contract with premiums that increase annually and provide a level death benefit. YRT products provide financial protection only in the event of death, and have no cash value. Northwestern Mutual does not sell this kind of product.
Yield
The dividends paid by a mutual fund, expressed as a percentage of the current price.
This glossary is intended solely as an informal aid to understanding some terms commonly used in the sale of life insurance and annuity products. Definitions given do not modify or interpret the terms of any life, disability, or annuity contract issued by Northwestern Mutual.
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