For further information, contact:

Jean Towell 1-800-323-7033

Northwestern Mutual Poll Shows Women Who Own Life Insurance May Be Underestimating Risk

MILWAUKEE, September 11, 2012 /PRNewswire/ — Women report feeling significantly more secure than men as a result of owning a variety of insurance products – auto, health, homeowners/renters and life insurance – but they may be underestimating their risks, according to a new poll by Northwestern Mutual in August among 2,097 U.S. adults ages 18 and older. The second of a three-part research series, the current poll looks at how and why men and women are using life insurance in the context of their long-term financial planning.

According to the survey:

“The power of a flexible, stable product like life insurance is only fully realized when it’s part of an individual’s tailored financial plan,” said Dave Simbro, vice president of Northwestern Mutual. That’s why it’s so important to work with a qualified financial professional when making these decisions.”

Gender Motivations: Emotional vs. Practical

When those who have life insurance were asked what has prompted them to purchase a life insurance policy:

Part I of the poll series found that more than half of Americans who have life insurance are mainly motivated to purchase it to provide for their loved ones (52 percent), while four in ten (39 percent) were mainly motivated in order to pay final expenses. These numbers shift however when factoring in gender:

Women and Longevity Risk

Women also appear to be overlooking the important role that life insurance can play in managing their longevity risk, which is particularly notable given the fact that women live longer than men.

“It is essential that women plan for longevity and understand the importance of having enough money to live on in what could be a long period of retirement,” said Simbro.

Northwestern Mutual has a variety of resources available to individuals seeking to learn more about life insurance and some of the financial goals and challenges it can help address, including:

Survey Methodology
This survey was conducted online by Harris Interactive on behalf of Northwestern Mutual from August 10-14, 2012 among 2,097 American adults ages 18 and older. This online survey is not based on a probability sample and therefore no estimate of theoretical sampling error can be calculated. Contact Northwestern Mutual (Jean Towell 1-800-323-7033; for complete survey methodology, including weighting variables.

About Northwestern Mutual
The Northwestern Mutual Life Insurance Company – Milwaukee, WI (Northwestern Mutual) – among the "World’s Most Admired" life insurance companies in 2012 according to FORTUNE® magazine – has helped clients achieve financial security for more than 155 years. As a mutual company with $1.2 trillion of life insurance protection in force, Northwestern Mutual has no shareholders. The company focuses solely and directly on its clients and seeks to deliver consistent and dependable value to them over time. Northwestern Mutual and its subsidiaries offer a holistic approach to financial security solutions including: life insurance, long-term care insurance, disability insurance, annuities, investment products, and advisory products and services. Subsidiaries include Northwestern Mutual Investment Services, LLC, broker-dealer, registered investment adviser, member FINRA and SIPC; the Northwestern Mutual Wealth Management Company, limited purpose federal savings bank; and Northwestern Long Term Care Insurance Company; and Russell Investments.