Study: Consumers Want To Hear About Annuities

March 22, 2018 by Cyril Tuohy

Consumers are rapidly warming up to annuities and want agents and advisors to talk to them about the products, according to a life lifetime income survey released Wednesday

Over just one year, 20 percent more consumers consider lifetime income a very valuable addition to Social Security, a 12-percentage point increase to 73 percent of respondents this year compared to 61 percent last year, according to the Fourth Annual 2018 Guaranteed Lifetime Income Study. A greater number of consumers are also insisting that advisors explain guaranteed income options and strategies.

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Originally Posted at InsuranceNewsNet on March 21, 2018 by Cyril Tuohy.