Filed Under:Markets, Senior Market

IRI/Cogent Study: Retirees Favor Guaranteed Income Over Asset Accumulation

Research from the Insured Retirement Institute (IRI) and Cogent Research underscores the importance annuity buyers place on guaranteed income during retirement as opposed to accumulating assets. Nearly two-thirds (65 percent) of advisors who participated in the survey and who sell annuities said that guaranteed income options are expected to become more prevalent over the next five years, surpassing other factors.

For annuity investors, more than one-third (34 percent) said the main reason for the purchase was guaranteed income, followed by advisor recommendation (27 percent) and tax-deferred growth (23 percent). Meanwhile, 68% of advisors reported that they have received at least one client request for an annuity in the past 12 months.

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Nichole Morford

Nichole Morford
Managing Editor

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