Northwestern Mutual

Keith Waxman _{on Google}

Sep 11th, 2019

I am a full-time instructor at a community college. About 6 months ago, I was approached by an ex-student (now employed at NW Mutual) and his supervisor. They seemed to be very interested in helping me obtain a life insurance plan that would provide for my 9 year old son of whom I have 100% custody. The plan sounded great and was at a reasonable price. During the health screening process, I told the NP that I had been on Xanax for years to help me sleep due to a disorder. I told the NP that I got off the Xanax when I found out it was linked to dementia, instead taking a few drops of a legal marijuana/coconut oil tincture a couple times a week for sleep. The whole application process took about 4 months to complete and when I was approved and asked to make my first payment, they raised my premium over 25%! The company wrote a letter to me (see below) saying my premium was changed due to my “marijuana use” and that my premium may be lowered if I were in a “more favorable risk classification.” I would think that a risk of dementia is a “less favorable” risk as opposed to taking a marijuana tincture a couple of times of week. I actually think the whole thing was a ploy and that the application process takes so long, that they feel they can raise the rates at the last instant and a customer will capitulate. Northwestern Mutual is a shoddy, dishonest company.