Filed Under:Life Insurance, Life Planning Strategies

Annuities Gaining Acceptance as Retirement Income Tool

Research from IRI, Cogent

Photo credit: Grant Cochrane
Photo credit: Grant Cochrane

New research from the Insured Retirement Institute (IRI) and Cogent Research shows that annuities are gaining greater acceptance among investors. In a recent poll, 73% of annuity owners and 17% of non-owners said that annuities are an important part of a retirement plan. That’s represents an increase from 55% and 8%, respectively, from 2011.

The survey also polled financial advisors, with 71% saying they have had a client seek an annuity purchase in the past 12 months. Among annuity producers, 84% said they are having more discussions with clients about retirement income planning today than five years earlier. Almost three-fourths said market volatility made it easier for them to sell annuities.

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Nichole Morford

Nichole Morford
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