Upon the disability of the key employee, the employer receives funds for the loss of the key employee. The funds can be used to replace a portion of business profit lost to the key employee's disability or to attract and train a replacement for the key employee.

Once you enter into a Key-Person Disability Contract with Northwestern Mutual, the contract cannot be changed unilaterally by the Company. The policy can be renewed on each policy anniversary up to age 65 provided the Insured is working full-time in the business and the Insured owns some, but not more than 50%, of the business.

If the Insured is totally disabled, he or she is unable to perform the principal duties of his or her regular occupation. If one or more principal duties can be performed, the Insured is not totally disabled and may qualify as partially disabled.

Partial disability occurs when the Insured is unable to perform one or more principal duties that accounted for at least 20% of the time spent at the regular occupation before disability began. Or, if the Insured has at least a 20% loss of time spent at the regular occupation. The benefit for partial disability is paid at 50% of the Full Benefit for up to six months of partial disability.

This benefit is paid to an employer, in lieu of other benefits, when a replacement is hired to perform the Insured's occupation if:

• The Insured is totally disabled and no longer works in the owner's business in any capacity

• The Insured's disability, total and partial combined, has lasted at least six months.

• The Owner has hired a replacement for the Insured.

• There is at least one month remaining before the end of the Maximum Benefit Period.

The Owner may change the Insured under the policy by paying the required costs and meeting any other conditions.

Premiums are waived during disability from 90 days after the start of disability or from the Beginning Date, if sooner. Premiums due and paid during this time will be refunded. If premiums are waived on a policy anniversary, an annual premium will be waived, and premiums are waived beyond the Maximum Benefit Period if the Insured is still disabled.

The Waiver of Premium Benefit is subject to the limitation while the insured is outside the United States.

You are automatically considered totally disabled for specified disabilities. The Full Benefit starts with the date of the loss and is payable for as long as the loss continues during the Maximum Benefit Period. Presumptive disability benefits are payable even if you are able to work.

You will need the free Adobe Acrobat Reader to view a PDF. For printable PDF forms, please print the form, fill in the information, sign, and return to the address shown on the form.