2.76M Households Ready To Buy Annuities

March 28, 2017 by Cyril Tuohy

The number of U.S. households likely to buy an annuity rose 3 percent to 2.76 million in 2016 compared with 2013, an analysis of the annuity market has found.

In the top-three states – California, Texas and Florida – the growth in the number of households likely to buy an annuity far exceeded the national average over the three-year period.

California, Texas and Florida are home to 720,300 households likely to buy annuities. Last year, those three states made up 26 percent of the U.S. household market likely to buy, the analysis by the industry consultant Information Asset Partners (IAP) found.

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Originally Posted at InsuranceNewsNet on March 22, 2017 by Cyril Tuohy.