What Will Last Longer: You or Your Savings?
Ever wondered how long you'll live? The reality is it may be longer than you think. The answer to your question can be found by going to Northwestern Mutual's new Lifespan Calculator at http://www.lifespancalc.com/. This calculator highlights the importance of simple lifestyle choices on overall life expectancy.
"If people can estimate how long they're going to live, they can take control of their financial future sooner rather than later and think about ways to make their life savings last," said Meridee Maynard, Northwestern Mutual senior vice president. "Living a longer life is wonderful on many levels, but it's important for people to take a holistic look at lifestyle, health and financial challenges."
It's clear that Americans are living longer. In 2008, for the first time in U.S. history, American life expectancy surpassed 78 years(i). The U.S. Census Bureau projects life expectancy will exceed 79 years by the year 2015(ii). And new mortality tables show that some Americans could live until the age of 121(iii).
"After more than 150 years in business, Northwestern Mutual understands the importance of helping people achieve financial security throughout their life," said Maynard. "With careful planning today, people can achieve greater security and confidence over the long term."
The Lifespan Calculator considers 13 lifestyle factors including diet, drinking, smoking and stress to estimate life expectancy, using the latest information from the National Center for Health Statistics.
Share and Compare on Facebook
So now you can see how long you might live, but how does that compare to your friends and family? Social networkers on Facebook can also download the new Lifespan Calculator Facebook application to compare their life expectancy score with that of other Facebook friends.
"Young people personalize everything, from cell phone ring tones, social network profiles and mp3 playlists," said Maynard. "The Facebook application adds a personal dimension to your life expectancy score, showing how long you might live compared to those who matter most to you. These are the people that will provide support along the way as you work to meet your goals, both personal and financial."
To download an image of the Lifespan Calc, visit: http://www.northwesternmutualnews.com/file.php/185/Calc_forPress.jpg
About Northwestern Mutual
The Northwestern Mutual Life Insurance Company - Milwaukee, WI (Northwestern Mutual) has helped clients achieve financial security for more than 150 years. As a mutual company with over $1 trillion of life insurance protection in force, Northwestern Mutual seeks to share its gains with policyowners and deliver consistent and dependable value to clients over time.
Northwestern Mutual is an industry leader in total individual life insurance and disability insurance dividends paid to participating policyowners. Though dividends are not guaranteed, are reviewed annually and are subject to change, the company has paid life insurance dividends every year since 1872.
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 advisor, member FINRA and SIPC; the Northwestern Mutual Wealth Management Company, limited purpose federal savings bank; and Northwestern Long Term Care Insurance Company; and Russell Investment Group. Further information can be found at http://www.northwesternmutual.com/.
(i) "U.S. Life Expectancy Tops 78 for the First Time." Associated Press. Jun 11, 2008, http://www.msnbc.msn.com/id/25097931.
(ii) "Retirees Hit by Longevity Risk." Reuters. Nov 21, 2008. http://www.reuters.com/article/domesticNews/idUSTRE4AK3X720081121.
(iii) "2001 Commissioners' Standard Ordinary (CSO) Mortality Table." American Academy of Actuaries. June 2002.
First Call Analyst:
SOURCE: Northwestern Mutual
CONTACT: Jean Towell of Northwestern Mutual, 1-800-323-7033,
Web Site: http://www.northwesternmutual.com/
3/16/2009 9:28:00 AM