2010 Annuity Trends- What the People are Saying
Annuities are a safe way to save for retirement. Below are the forcasted trends for
annuities for 2010:
- Despite the recent market turmoil, which led to a decline in
consumer confidence about preparedness for retirement, almost 8 in 10
annuity owners say that annuities are secure and safe, are an important
source of retirement security, and make them feel more secure in times
of financial uncertainty.
- The vast majority of annuity owners say that annuities are an
effective way to save for retirement (86 percent) and that their
annuity was a safe purchase (89 percent).
- More than three in four say that they intend to use their annuities
for retirement income. Other intended uses include a financial cushion
in case they or their spouse live well beyond their life expectancy (83
percent) or to avoid being a financial burden on their children (81
percent).
- Almost 9 in 10 agree that investment and insurance guarantees
available in annuities are a very important benefit of the product.