New Study Shows Consumers See Higher Value in Guaranteed Lifetime Income Products in 2018 (and Much More!)By: Doug Kincaid
The perceived value of guaranteed lifetime income in retirement continues to grow, according to the fourth annual Guaranteed Lifetime Income Study from Greenwald & Associates and CANNEX. The study shows that 73% of respondents now consider guaranteed income as a highly-valuable addition to Social Security, compared to 61% a year ago.
The study also finds:
- Many are confident about maintaining their lifestyle in retirement to their projected longevity, but confidence drops off significantly if they live longer than that
- Consumers expect expenses will be at their highest in late retirement and feel most concerned about affording long term care
- There continues to be a strong expectation that advisors should discuss retirement income strategies with their clients
- There is a stigma about annuities, but those who own them report strong satisfaction with the purchase
For more results, click here to view the summary findings & charts!