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Penn Mutual vs Northwestern Mutual

Fact Checked by Jason Herring & Barry Brooksby
Licensed Agents & Life Insurance Experts.
Insurance and Estates, a strategic life insurance provider composed of life insurance professionals, is committed to integrity in our editorial standards and transparency in how we receive compensation from our insurance partners.
northwestern mutual vs pen mutual

In comparing Penn Mutual vs Northwestern Mutual, you have one of the most dynamic whole life insurance companies against the old guard.

Penn Mutual offers some of the best dividend paying whole life insurance in the U.S.

Northwestern Mutual has consistently been the leader in whole life insurance sales for the better part of the last decade.

Both companies are highly rated. Penn Mutual has a total Comdex ranking of 92 out of 100, while Northwestern Mutual has an industry leading Comdex ranking of 100.

Northwestern Mutual is a captive company, which means only agents under the Northwestern Mutual banner may sell the company’s whole life policies.

Penn Mutual is a non-captive company, which allows outside agents to offer Penn Mutual’s policies to their clients.

Below is a snapshot of the two companies head to head. But at the end of the day, the best whole life insurance company for you will be the one that best meets your specific needs and goals.

Comparing ⟶ Penn Mutual Northwestern Mutual

Year Founded



Company Structure




$ $ $ $ $ $

Types of Policies:

Term Life

Whole Life

Universal Life

Final Expense


A.M. Best Rating



S&P Rating



Moody's Rating



Fitch Rating


Comdex Rating



BBB Rating

Not Accredited

Not Accredited

NAIC complaint Index



IBUSA's Overall Score

Company Review

Penn Mutual’s review

Northwestern Mutual’s review

If you are interested in an Penn Mutual illustration, please give us a call today. We can help you design the best whole life insurance policy to meet your specific goals and objectives, whether your focus is on death benefit protection, or high cash value accumulation.

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