MILWAUKEE, June 21, 2012 /PRNewswire/ -- Northwestern Mutual announced today a first-of-its-kind retirement planning approach. Consistent with the company's core belief that risk protection and asset accumulation should be managed hand-in-hand, the new Northwestern Mutual Retirement Strategy is designed to provide individuals with tailored and balanced retirement solutions. The approach breaks new ground because, unlike most financial plans, it does not assume a fixed life expectancy. Instead, the company studied longevity at various ages so that income plans succeed with a high level of confidence no matter how long one lives.

(Logo: http://photos.prnewswire.com/prnh/20120126/CG42140LOGO)

Utilizing the Northwestern Mutual Retirement Strategy, the company's financial professionals help their clients meet three distinct retirement goals: create a stream of reliable income throughout retirement, protect retirement savings so they last a lifetime, and leave behind a legacy.

"An individual's offensive strategy the accumulation of assets is only as strong as their weakest financial defense," says John Grogan, Northwestern Mutual senior vice president for planning and sales. "We've taken our deep expertise in the areas of risk management, investment solutions, and comprehensive financial security planning to develop customized solutions that address our clients' personal needs. It's an approach our field force can use with clients to help them manage risk and grow their retirement assets to generate income for as long as they live."

The defensive strategies address six risks that challenge financial security in retirement:

"What we've realized time and again is that building a prudent plan with the guidance of a trusted financial advisor is key to building a financially secure retirement," continues Grogan. "The Northwestern Mutual Retirement Strategy was developed with the knowledge that the most crucial aspect of retirement planning is having certainty, as well as flexibility, as you move through your retirement years."

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.

[1] Annuity 2000 Table with mortality enhancements determined using projection scale G2

See the original post:
Northwestern Mutual Tackles Retirement Head On