Immediate Annuity Shoppers Look for 13% More Income: Cannex

December 5, 2022 by Allison Bell

U.S. residents who were shopping for immediate annuities in the third quarter were looking for 13% more income than they were when they conducted similar searches in the third quarter of 2021.

Although the average income sought increased 13%, the average proposed premium increased just 5.2% from the average figure included in the queries processed in the third quarter of 2021.

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Originally Posted at ThinkAdvisor on December 4, 2022 by Allison Bell.