Did you know that the average age of an annuity buyer is in their early 60s with the majority of annuities purchased by individuals between ages 55–70? According to Oxford Economics, the U.S. population aged 65 or over is expected to grow by more than 8.3 million from 2022 to 2027 and so the number of persons purchasing annuities is similarly expected to grow. Why? While there are multiple reasons, two are what we have always talked about: how important it is to have a product with protection features in your retirement portfolio, and how important it is to have a product that can provide a guaranteed income you can’t outlive. Call us to review what you own, regardless if you purchased the product through us. We’re always here to help.
