Northwestern Mutual Gold IRA

Northwestern Mutual
Northwestern Mutual
Northwestern Mutual does NOT offer gold IRA. Moreover, their offered investment solutions are heavily dependent on the US dollar which only makes them suitable for normal economic conditions.
Fees & Charges
Honesty & Transparency
Customer Service
A reputed brand
Multiple investing options available
No precious metals available to invest in
Investments are heavily dependent on the USD
Lack of personalization for customers
Received many complaints online
Expert Score

Northwestern Mutual Gold IRA is a mutual insurance company established in Milwaukee, Wisconsin. The firm offers a wide range of advisory services including wealth and asset income protection, education planning and retirement planning.

Additionally, It offers life insurance, permanent life insurance, disability income insurance, and long-term care insurance services.

Northwestern Mutual Gold IRA logo

According to the NAIC (National Association of Insurance Commissioners), the firm is the second largest insurance company in the world, with a market share of 6.36 %.

Northwestern Mutual has expanded from a small business to one that serves millions of customers. 

But many investors want to know if they provide IRAs that allow them to keep physical gold and other precious metals.  

Keep reading to find out.

What is Northwestern Mutual Gold IRA?

Northwestern Mutual is headquartered in Milwaukee and provides a wide range of products countrywide, including life insurance, long-term care insurance, and disability insurance. 

It was founded approximately 163 years ago as the Mutual Life Insurance Co. of the State of Wisconsin.

About Northwestern Mutual IRA

The company’s fortunes changed dramatically in 1859 when two policyholders died in an ox-train incident, and it didn’t have enough money to pay out the $3,500 claims. 

The president and trustees at the time borrowed the money to settle the claims, and the business still relates the story today to demonstrate its commitment to Northwestern Mutual clients.

By 1919, the company had grown to become the sixth-largest in the country.

In 2021, the firm paid out $6.2 billion in life, disability, and long-term care claims. Northwestern Mutual now has over 4.9 million clients. In 2022, Fortune magazine named it one of the “World’s Most Admired Companies” in its industry.

Beware of Gold IRA scams. Recently several scams have been charged by the authorities. Companies such as Regal Assets, Safeguard Metals and Red Rock Secured defrauded hundereds of retirees like you and me. I strongly suggest you learn how to identify gold IRA scams. You can request a free guide using the button below:

What Types of Life insurance Does Northwestern Mutual Gold IRA offer?

Northwestern Mutual offers a variety of life insurance services, including the following:

Term Life Insurance

Term life insurance covers you for a set number of years, typically up to 30, and you normally pay a level premium (which means it stays the same year after year). If you want to keep your coverage after the level premium period has ended, you may be able to renew it at a higher rate. 

Some term insurance does not have a set premium period, thus the premium increases each year you renew coverage. 

Life Insurance offered by Northwestern Mutual Gold IRA

Because term policies are intended to be temporary, they’re less expensive than permanent policies. Such as universal or whole life insurance.

Northwestern Mutual offers both level premium term life insurance and term life insurance that renews annually. 

  • Level Term 10: Covers you for up to 20 years. For the first ten years, the premium remains constant. If you want to extend your coverage for another ten years, your premiums will rise.
  • Level Term 20: Premiums are fixed for a period of 20 years.
  • Term 10: This coverage is valid for up to ten years, with premiums increasing each year.
  • Term 80: With this policy, you can renew coverage until you’re 80 years old, but your rates will rise each year.

You can convert some or all of your Northwestern Mutual term insurance into a whole-life policy without going through medical underwriting.

Whole Life Insurance

Whole life insurance, as opposed to term insurance, provides coverage for the rest of one’s life. It includes a cash value account that increases as the policy matures, and you may be able to withdraw or borrow from it if needed. 

Whole Life Insurance

Whole life insurance is more expensive than term life insurance and may also be more expensive than universal life insurance, which we will examine later. The coverage is guaranteed as long as premiums are paid. 

If you are interested in whole life insurance and would like more information, you can speak with an agent.

Universal Life Insurance

Universal life (UL) insurance is also permanent, although it is more flexible than whole life. You can change the frequency or duration of premium payments, and you may be able to change the death benefit as well. However, if you withdraw too much from the cash value, the policy may lapse. 

Universal Life Insurance

Furthermore, because universal life insurance grows depending on current interest rates, the cash value may not rise as predicted, and you may have to increase premiums in the policy’s later years to avoid a lapse.

Northwestern Mutual also provides single premium and survivorship UL plans.

Variable Universal Life Insurance

Variable universal life insurance (VUL) is a permanent life insurance policy that includes an investing component. Because the cash value is directly invested in the stock market and can lose value, it is regarded as the riskiest life insurance product. 

Variable Universal Life Insurance

In addition, premium fees for this kind of coverage are typically higher. In other words, if insurance investments lose value or do not perform enough, you may need to raise the premium to maintain the policy from lapse.

About Northwestern Mutual IRA Subsidiaries

The company’s services and products are offered through many subsidiaries:

  • Mason Street Advisors is an SEC-registered investment advisor for Northwestern Mutual Series Fund variable annuity and variable life products.
  • Northwestern Long Term Care Insurance Company offers Northwestern Mutual’s long-term care insurance.
  • Northwestern Mutual Investment Management Company manages Northwestern Mutual’s investments in public and private debt, private equity as well as real estate.
  • Northwestern Mutual Investment Services is the company’s broker-dealer, as well as a registered investment advisor and member of FINRA and SIPC.
  • Northwestern Mutual Wealth Management Company, a federal savings bank, offers financial planning, investment advising, and trust services.

Unfortunately, Northwestern Mutual does not provide IRAs that allow for physical gold investments.

My Recommended Northwestern Mutual Gold IRA Alternative

I don’t recommend investing in a gold IRA with Northwestern Mutual. Why? Because they don’t specialize in this area.

I recommend going with our top-rated company: Augusta Precious Metals. You can check out my review of them here.

Augusta Precious Metals

Augusta Precious Metals is regarded as one of the most trustworthy companies in the market. Their company was founded in 2012, and their main goal is to help their clients have a better retirement.

Thousands of good reviews about their products and services can be found on numerous websites. This shows how successfully they achieve their tasks and handle their customers regardless of their needs.

Augusta Precious Metals maintains its leadership position by providing its clients with educational resources. This is excellent for people who need more field experience and understanding.

It is also significantly easier to open an account with them. You will still have to deal with paperwork, but they will assist you through the process to ensure everything is in order.

The only disadvantage of the company is its high minimum investment requirement of $50,000. Others may think this is overpriced, but rest assured that they will keep your assets and cash protected.


  • Kingdom Trust, which manages over $12 billion in assets, has been a long-term partner.
  • A wide range of products are offered.
  • A long list of coins
  • All orders receive free shipping.


  • The minimum investment cost is high.

What Makes Gold an Ideal Investment For Your IRA?

Invest in an Individual Retirement Account (IRA) to safeguard your retirement and the financial stability of your family.

Investment in Gold IRAs

To guarantee your future, you must devote a major amount of your long-term savings to reliable assets.

As the value of cash in an IRA depreciates rapidly and inflation rises, you need a stable asset that will retain its value and expand over time. Without question, gold is the best alternative for this purpose.

You can get a guide on gold IRAs to learn more about them below:


As the global economy struggles with lockdowns, shortages, conflicts, and inflation, investors are concerned. Many people invest in gold IRAs to protect their wealth and achieve a better future.

During a crisis, when other assets suffer, a gold IRA investment thrives. The greatest risk is failing to protect yourself and your family, but you can simply ensure your financial future with a Gold IRA. You achieve safety by being aware of economic risks and taking proactive steps to prevent them.

Is it Worth Investing in Northwestern Mutual Gold IRA?

According to the Insurance Information Institute, Northwestern Mutual is the country’s largest life insurance company, accounting for 9.5% of the total U.S. market for life insurance in 2022.

Customers are mostly satisfied, there are very few complaints, and the company has outstanding financial stability, receiving an A++ rating from AM Best.

However, for the savvy investor looking for a company to invest in Gold IRA, Northwestern Mutual is not a suitable option because they do not specialize in this field. Instead, I recommend you check out our top gold investment companies.

That way, you can see what the industry’s best has to offer.

Also, you can find the best-rated company of your state below: