Company’s Proprietary Planning Platform Named Best InsurTech Solution
MILWAUKEE, March 17, 2022 /PRNewswire/ — North West MutualEfforts to create the most exceptional customer experience in the financial industry are garnering industry attention and praise. Today, financial services company FORTUNE 90 announces that its proprietary financial planning platform has won “Best InsurTech Solution” in the 2022 FinTech Breakthrough Awards.
“This award proves what we’ve always believed since the launch of our platform: Northwestern Mutual’s financial planning experience is one of a kind,” said Christian Mitchell, executive vice president and chief client officer at Northwestern Mutual. “We are the only company to offer an award-winning planning platform that comprehensively combines permanent life insurance with investments and annuities. It’s an approach proven to deliver better results for clients. more often than others. Co-created with our elite financial advisors and incorporating extensive client feedback, this innovative tool is designed to meet the simplest and most sophisticated financial planning needs.”
Northwestern Mutual’s proprietary financial planning platform – called PX – is the only tool on the market today that combines risk and investment solutions, allowing advisors to demonstrate to clients how an integrated plan can provide them with more protection, growth and flexibility. Advisors can also model the accumulated value of risk-based products as part of a client’s projected net worth in retirement. And with PX’s retirement planning capability, advisors can run multiple scenarios to compare different paths to clients’ retirement goals – two important features that offer clients new ways to see how a holistic plan can create best results.
FinTech Breakthrough is an independent market intelligence organization that recognizes the best companies, technologies and products in the global FinTech market today. The FinTech Breakthrough Awards recognize FinTech innovators, leaders and visionaries around the world in a range of categories including Digital Banking, Personal Finance, Lending, Payments, Investments, RegTech, InsurTech and more . The 2022 FinTech Breakthrough Awards program attracted nearly 4,000 nominations from around the world.
“PX represents a major milestone and a truly ‘breakthrough’ platform for the industry,” said James Johnson, Managing Director, FinTech Breakthrough. “By enabling advisors to deliver a truly comprehensive plan, and by making it easy and engaging for clients to see the impact of that plan on their financial future, Northwestern Mutual is upping the financial planning game.”
About Northwestern Mutual
Northwestern Mutual has been helping individuals and businesses achieve financial security for more than 160 years. Through a holistic planning approach, Northwestern Mutual combines the expertise of its finance professionals with a personalized digital experience and industry-leading products to help its clients plan for what matters most. With over $334 billion in total assets, $34 billion in revenue, and $2.1 trillion With in-force life insurance protection, Northwestern Mutual provides financial security to more than 4.9 million people with life, disability and long-term care insurance, annuities, and brokerage and advisory services. The company manages more than $244 billion in investments owned by its clients and held or managed through its wealth management and investment services business. Northwestern Mutual ranks #90 on the 2021 FORTUNE 500 and is recognized by FORTUNE® as one of the “World’s Most Admired” life insurance companies in 2022.
Northwestern Mutual is the trading name of The Northwestern Mutual Life Insurance Company (NM), Milwaukee, Wis. (life and disability insurance, annuities and life insurance with long-term care benefits) and its subsidiaries. Subsidiaries include Northwestern Mutual Investment Services, LLC (NMIS) (Investment Brokerage Services), Broker, Registered Investment Adviser, Member FINRA and SIPC; Northwestern Mutual Wealth Management Company® (NMWMC) (investment advisory and services), a federal savings bank; and Northwestern Long Term Care Insurance Company (NLTC) (long term care insurance).
About FinTech Breakthrough
Part of Technological breakthrough, a leading recognition and market intelligence platform for technology innovation and leadership worldwide, the FinTech Breakthrough Awards program is dedicated to recognizing business and product excellence in technologies and financial services. The FinTech Breakthrough Awards publicly recognize the achievements of FinTech companies and products in categories including Payments, Personal Finance, Wealth Management, Fraud Protection, Banking, Lending, RegTech, InsurTech and Moreover. For more information, visit FinTechBreakthrough.com.
SOURCE North West Mutual