More Americans are buying life insurance as part of their overall retirement plan, according to new research from Northwestern Mutual.
One in four Americans is incorporating life insurance into their retirement planning efforts, a survey from the company finds.
"Individuals have long recognized the importance of life insurance in terms of providing financial protection to loved ones in the event of their death," says David Simbro, senior vice president of life and annuity products at Northwestern Mutual. "However, these new study results show that people of all ages are also leveraging the flexibility of permanent life insurance to help meet long-term financial goals."
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