The NAIC’s Top 10 Annuity Issuers of 2020
June 22, 2021 by Allison Bell
COVID-19 may have reshaped the U.S. population, but about 38 million baby boomers are on track to turn 65 over the next eight years.
The pandemic, low interest rates, worries about inflation, and the loss of defined benefit pension plans have all combined to complicate those boomers’ retirement planning efforts.
Annuity issuers could play a role in helping some of the younger boomers get through retirement. Issuers are already serving older boomers, and members of earlier generations, and they are doing what they can reach out to younger consumers.
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Related: The NAIC’s Top 10 Life Insurers of 2020