Friday, October 13, 2006

 

New Baby Boomer "Retirementality" Creates New Opportunities for Annuities

Recent reports from Mintel indicate that there are both challenges and opportunities remaining for the annuities industry. Less than half (48 percent) of all respondents to a Mintel consumer survey conducted this year were familiar with annuities, and only 46 percent of those were 65 and over. Of the respondents who were familiar with annuities, more than 60 percent expressed concern with being "locked in"-- a significantly higher number than those who cited fees and expenses as a major issue (32 percent).

New Baby Boomer "Retirementality" Creates New Opportunities for Annuities
Source: Insurance News Net

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