$100,000 in household assets was fielded in February 2018.
The interest in guaranteed lifetime income (GLI) reflects consumers’ concerns about health care costs and running out of money in the later stages of retirement. More than half express concern about being able to afford long-term health care or nursing home expenses (54%) and losing some of their retirement savings in a market downturn (52%), and 46% are worried about outliving retirement savings.
"The perceived need for guaranteed lifetime income products continues to rise with fewer retirees being able to count on pension plans," says study director Doug Kincaid of Greenwald & […]
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