Ny Life did their 1 Million gig to the Red Cross and now, as I guessed, others will follow- The PR is priceless and it's a tax writeoff.

Date:   9/5/2005 11:39:14 AM ( 19 y ago)

September 02, 2005 03:42 PM US Eastern Timezone

Northwestern Mutual Pledges $1 Million to Hurricane Relief

MILWAUKEE--(BUSINESS WIRE)--Sept. 2, 2005--Northwestern Mutual is pledging support to the Hurricane Katrina relief effort through a $1 million grant to the American Red Cross from the Northwestern Mutual Foundation.


"The Northwestern Mutual family is deeply saddened by the devastation and destruction caused by this catastrophic event," said Edward J. Zore, president and chief executive officer. "We're committed to helping those affected by the hurricane, including our clients and the company's financial representatives, staff and their families."

The company is prepared to handle special circumstances for policyowners and customers relating to benefit payments, premium payments, or other servicing needs in the affected regions of Alabama, Louisiana and Mississippi. The company has temporarily suspended automatic policy lapses and insurance account terminations for affected policyowners. In addition, special arrangements have been made to expedite payment of policy loans, and all FedEx and bank wire fees for loan and benefit payments will be waived for customers in these areas.

If customers need assistance or have questions, they can call the company's toll-free customer service line at 1-800-388-8123.

Northwestern Mutual Life Insurance Company (Northwestern Mutual), the nation's largest direct provider of individual life insurance, according to statistics compiled from A. M. Best data, has always received the best possible insurance financial strength ratings from Standard & Poor's, Fitch, A. M. Best and Moody's. For 22 years, a Fortune magazine survey has voted Northwestern Mutual "Most Admired" in its industry. The company has also been recognized as one of the "50 Best Companies to Sell For," by Selling Power magazine.

9th for other insurance companies and their Red Cross donations- see these blogs:

http://curezone.com/blogs/m.asp?f=306&i=103

http://curezone.com/blogs/m.asp?f=306&i=109

The company, its subsidiaries and affiliates are also providers of annuities, mutual funds, long-term care insurance, disability income insurance and employee benefit services to the group employee and executive markets. These products and services are distributed through the Northwestern Mutual Financial Network and its financial representatives. Among its affiliated companies are the Russell Investment Group, the investment management and advisory firm; Northwestern Mutual Investment Services, LLC (NMIS), the securities brokerage firm; and Northwestern Mutual Trust Company, a special purpose federal savings bank. A subsidiary, Northwestern Long Term Care Insurance Company, offers long-term care insurance. Further information on Northwestern Mutual, based in Milwaukee,



 

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