A contract that involves the insured paying a premium to an insurance company in exchange for protection against the risk of a large loss.
The companies that comprise Old Mutual's U.S.
Pacific Life Company provides its customers with services in annuities, college savings, life insurance, mutual funds, and other products. It also provides financial planning and educational information to its customers. Products include:
1) Fixed Annuity: A fixed annuity provides defined growth of principal and interest, free from taxes until money is withdrawn. Fixed annuities generally guarantee a fixed amount of interest for several years; others guarantee rates from one to three years, and renew at the option of the insurance company.
Northwestern Mutual is a mutual insurer that has been in operation since 1857. Northwestern Mutual offers products and services in the areas of insurance and investments. Specifically, the company offers products in the areas of life insurance, disability insurance, annuities, long-term care, mutual funds, financial planning, estate planning, trust services and other investment advisory services.
