Life Insurance Quotes

Northwestern Mutual announces new deal with NCAA

01/06/12

Northwestern Mutual Life Insurance Company announced it has signed on to become the newest official corporate partner of the NCAA after completing a deal with Turner Sports and CBS Sports.

The multi-year deal marks the first national sports marketing sponsorship in the history of Northwestern Mutual Life Insurance Company. The agreement will allow the company to gain NCAA marketing and promotional rights in the life insurance, retirement planning services and wealth management categories.

"Northwestern Mutual is proud to enter into this partnership with the NCAA, CBS Sports and Turner Sports to support young men and women who combine the pursuit of excellence in athletics with a drive for higher education," said John Schlifske, chairman and CEO of Northwestern Mutual. "This partnership is a natural fit for Northwestern Mutual because we already invest in education."

When it comes to planning for retirement, an annuity may be a smart option for some, including young adults embarking on careers after spending their college years cheering their school's NCAA team. Annuities are an interest-earning investment, and pay out for the purchaser at a specified date after purchase. They typically fund ventures policyholders undertake in their lifetime, such as retirement. A licensed financial professional or counselor should first be consulted before purchasing an annuity.

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