Get Northwestern Mutual Life Forms 90 1638

Form 1099-R is used to report the distribution of retirement benefits such as pensions and annuities. You should receive a copy of Form 1099-R, or some variation, if you received a distribution of $10 or more from your retirement plan.

If you have any documentation you would like to provide us, such as a death certificate or funeral home assignment, please e-mail to LifeBenefits@Northwesternmutual.com. If you have any questions, call client services at 1-800-635-8855, between 7AM and 6PM CST.

How to cancel Northwestern Mutual Call customer support on 800-388-8123. Ask to speak with a representative. Provide them with your policy number and customer information. Request cancellation of your coverage and premium payments. You will receive a confirmation letter or email.

If you own a life insurance policy, the 1099-R could be the result of a taxable event, such as a full surrender, partial withdrawal, loan or dividend transaction. If you own an annuity, the 1099-R could be the result of a full surrender, a partial withdrawal or the transfer of the contract to a new owner.

Q. Why am I receiving this form? A. You are receiving this form as our records indicate you were a recipient of taxable interest of $10.00 or more paid on a life insurance claim benefit in the previous calendar year.

What is the difference between a Form 1099-INT and a Form 1099-R? The Form 1099-INT is used to report interest credited on certain contract proceeds. The Form 1099-R is used to report designated distributions of a contract's internal earnings (gain) that were previously untaxed.

You can make withdrawals and transfers to another income plan at any time at no charge. The current interest rate is payable for the calendar year and may change annually, as determined by Northwestern Mutual.

Log into our client website and select the Documents page from the drop down menu. 1099 documents will be displayed under the document type “Tax Documents”.