Loan Repayment Request

To initiate a loan repayment, please complete the information requested.

Account Information
All fields marked with * are required
* Policy Number
* Insured Name
* Billing Account Number (ISA)
* Billing Account (ISA) Payer Name
Early Repayment of Loans Will
  • Ensure funds are available for future income needs
  • Improve dividends on most policies
  • Reduce policy loan interest charges
  • Reduce or eliminate a potential tax on the loan balance upon surrender or termination
You have 3 Options, Please Indicate Your Preferences
Option 1 Add loan payments to my existing billing program (ISA). Increase my payments by $ ($10.00 monthly minimum) beginning on my next ISA payment date.

Set up or change an Electronic Funds Transfer (automatic bank account withdrawals)
EFT Authorization
I would like to enroll in EFT (new user)
Change my existing EFT information (current user)
* Bank or Credit Union Name
I authorize the depository institution to debit my account for Electronic Fund Transfers, or other form of pre-authorized check, initiated by Northwestern Mutual Life Insurance Company ("Company") to its own order. The Company may also make payments to me by Electronic Fund Transfers to my account. This authorization will remain in effect until revoked by me in writing or by other notice acceptable to the Company.
* Select the account from which you would like premiums/loan repayments to be drafted and enter the required information
Checking Account
Routing/Transit Number
Account Number

Your bank's routing and account number as displayed on your checks.
Need help locating these numbers on your check?
See Check Example
Savings or Credit Union Account
Routing/Transit Number
Account Number



A credit union or savings account may be used, but we suggest you call your bank
to verify the correct routing and account number--it generally is different for
EFT transfers than what appears on your check.
Option 2 Start a scheduled billing program for my loan to pay $ ($10.00 monthly minimum) beginning (date) (mm/dd/yyyy) on a basis of:
Note: An ISA Request form will be sent to you. If loan payments are added to an ISA also used for premium payments, payments must be made on the same frequency and payment method.

Select one of the following:
monthly (This option requires electronic payments)
quarterly
semi-annual
EFT Authorization
I would like to enroll in EFT (new user)
Change my existing EFT information (current user)
* Bank or Credit Union Name
I authorize the depository institution to debit my account for Electronic Fund Transfers, or other form of pre-authorized check, initiated by Northwestern Mutual Life Insurance Company ("Company") to its own order. The Company may also make payments to me by Electronic Fund Transfers to my account. This authorization will remain in effect until revoked by me in writing or by other notice acceptable to the Company.
* Select the account from which you would like premiums/loan repayments to be drafted and enter the required information
Checking Account
Routing/Transit Number
Account Number

Your bank's routing and account number as displayed on your checks.
Need help locating these numbers on your check?
See Check Example
Savings or Credit Union Account
Routing/Transit Number
Account Number



A credit union or savings account may be used, but we suggest you call your bank
to verify the correct routing and account number--it generally is different for
EFT transfers than what appears on your check.
Option 3 Send a loan repayment envelope so I can submit payments at my convenience.
Contact Information

* If we have questions, how would you like to be contacted?

Email
Daytime Phone Number
Caution
If you plan to rely on your policy's cash values to supplement current or future income needs, please be aware that dividend scale changes, unplanned loans or surrenders of additions, and unanticipated tax law changes could reduce the cash values available to fund such income. Your Northwestern Mutual Financial Representative or the home office can provide you with illustrations showing future policy values based on the current, non-guaranteed dividend scale, and alternative illustrations showing the impact on cash values caused by surrenders of additions, loans and potential declines in the dividend scale.

Your Financial Representative or local Network Office will be informed of your request to ensure a quality service experience.

If you have questions about loan repayment, please call us at 1(800) 388-8123, between 7:00 AM and 6:00 PM CT, Monday - Friday.

18-1802 (INT)