Don’t fear annuities

November 8, 2013 by Eric Taylor

The key takeaway from Genworth’s recently released study, The Future of Retirement Income Study, can be summed up by the concept of perception versus reality: Consumers perceive annuities more positively than financial professionals give them credit for.

The study was the culmination of in-depth interviews, focus groups and quantitative surveys of 400 financial professionals and 1,340 retirees and pre-retirees, including those that owned and did not own annuities.

At a time when creating a reliable income stream is more challenging than ever before, the study found that perceived consumer objections to annuities could be hindering producers’ ability to help clients reach retirement income goals. Click here to read…

Originally Posted at LifeHealthPro on November 7, 2013 by Eric Taylor.