What You Need to Know
Income annuities are especially popular with survey participants with an annual income of over $100,000.
People who already have a guaranteed source of retirement income want more. The survey, which found overwhelming popularity of guaranteed income products, did not describe the products as annuities. Americans who already own annuities, or other products that provide a guaranteed source of lifetime income, love the idea of buying more annuities.The American Council of Life Insurers came up with data on how familiarity with annuities breeds love for annuities when it sponsored a recent survey of 1,003 U.S. […]
Full Post at www.thinkadvisor.com