A recent survey by Northwestern Mutual Life Insurance Company has revealed that two thirds of Americans who make the steps to buy insurance feel more “secure”. This survey involved a poll of 2,097 American adults ages 18 and older. Although the overall result was certainly not a surprise, the survey did reveal some unique insight into the reasons why individuals are prompted to seek life insurance. The most common factors behind the purchase of life insurance is due to a recent marriage (32%), retirement planning (25%), and the birth of a child (22%).
Given the added security that owning life insurance will bring to you and your family, be sure to seek professional guidance for how to appropriately address your particular needs.