$90 Trillion Great Wealth Transfer on the minds of Hoosiers

INDIANAPOLIS, July 8, 2025 – As a $90 trillion Great Wealth Transfer looms, many Indianapolis residents say they are preparing to leave a financial legacy, yet fewer expect to receive one themselves. The latest findings from Northwestern Mutual’s 2025 Planning & Progress Study show 25% of residents of Indianapolis anticipate leaving an inheritance or a financial gift / donation to a charitable organization.

Northwestern Mutual’s 2025 Planning & Progress Study is the company’s proprietary research series that explores Americans’ attitudes, behaviors, and perspectives across a broad set of issues impacting their long-term financial security.

The study also found that:

· Only 27% in Indianapolis have a will, below the national average of 39%, while only 19% expect to receive an inheritance.

· More than three in four parents (79%) say they would feel comfortable formally including their teenage or young adult children in their annual meeting with their financial advisor.

"The data shows that the Great Wealth Transfer is top of mind for many Hoosiers, whether they're planning to pass on wealth or anticipate inheriting it," said Jeff Rapp, partner and private wealth advisor at Heartwood Planning Group - a Northwestern Mutual Private Client Group. "A lot of individuals believe they can't establish a legacy for tomorrow without compromising their lifestyle today, but that’s not always the case. Through effective financial planning and transparent, meaningful conversations with family, it's possible to build a legacy that lasts for generations."

For more information about the study, visit https://news.northwesternmutual.com/planning-and-progress-study-2025.

About the 2025 Northwestern Mutual Planning & Progress Study

The 2025 Planning & Progress Study was conducted by The Harris Poll on behalf of Northwestern Mutual among 4,626 U.S. adults aged 18 or older. The survey was conducted online between January 2 and January 19, 2025. Data are weighted where necessary by age, gender, race/ethnicity, region, education, marital status, household size, household income, and propensity to be online to bring them in line with their actual proportions in the population. A complete survey methodology is available.

About Northwestern Mutual

Northwestern Mutual has been helping people and businesses achieve financial security for more than 165 years. Through a comprehensive planning approach, Northwestern Mutual combines the expertise of its financial professionals with a personalized digital experience and industry-leading products to help its clients plan for what's most important. With nearly $700 billion of total assetsi being managed across the company’s institutional portfolio as well as retail investment client portfolios, more than $38 billion in revenues, and $2.4 trillion worth of life insurance protection in force, Northwestern Mutual delivers financial security to more than five million people with life, disability income and long-term care insurance, annuities, and brokerage and advisory services. Northwestern Mutual ranked 109 on the 2025 FORTUNE 500 and was recognized by FORTUNE® as one of the "World's Most Admired" life insurance companies in 2025.

Northwestern Mutual is the marketing name for The Northwestern Mutual Life Insurance Company (NM), Milwaukee, WI (life and disability insurance, annuities, and life insurance with long-term care benefits) and its subsidiaries. Subsidiaries include Northwestern Mutual Investment Services, LLC (NMIS) (investment brokerage services), broker-dealer, registered investment adviser, member FINRA and SIPC; the Northwestern Mutual Wealth Management Company® (NMWMC) (investment advisory and services), federal savings bank; and Northwestern Long Term Care Insurance Company (NLTC) (long-term care insurance). Not all Northwestern Mutual representatives are advisors. Only those representatives with "Advisor" in their title or who otherwise disclose their status as an advisor of NMWMC are credentialed as NMWMC representatives to provide investment advisory services.

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[1] Includes investments and separate account assets of Northwestern Mutual as well as retail investment client assets held or managed by Northwestern Mutual.