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Northwestern Mutual: Retirement planning a top driver for obtaining life insurance

Life insurance a retirement planning tool (AP Photos/Charlie Neibergall)
Life insurance a retirement planning tool (AP Photos/Charlie Neibergall)

One in four Americans is incorporating life insurance into their retirement planning strategy according to results from a recent poll from Northwestern Mutual Life Insurance Company, Milwaukee, Wis. (Northwestern Mutual).

The poll, conducted online by Harris Interactive reported that retirement planning was the top reason that individuals 18 and up purchase life insurance. Marriage, traditionally a major reason for people to obtain coverage was still a prominent incentive with 32 percent of respondents purchasing life insurance once they are wed and another 22 percent purchasing coverage following the birth of child and 19 percent purchasing after coverage after buying a home.

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Nichole Morford

Nichole Morford
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