Annuity Owners Report Product Satisfaction, Positive Buying Experience
Summary
Ultimately, more than three-quarters of fixed annuity owners are glad they bought their annuity.“Despite the mischaracterization of fixed annuity products and purchases by a variety of stakeholders, including the Department of Labor and The White House, Main Street consumers are flocking to these products because of the unique benefits they offer in helping everyday retirement savers secure their financial future,” said Chuck DiVencenzo, CEO of NAFA. Annuities are uniquely positioned to help Americans create a predictable stream of lifetime income they cannot outlive, no matter how many years they live in retirement. Licensed financial professionals must continue efforts to educate everyday Americans on when and how to properly position a portion of their nest egg in a fixed annuity for a more secure retirement savings plan.Survey MethodologyThis report presents the results of an online survey conducted by Greenwald Research on behalf of NAFA. All respondents: were age 50 or older; worked with at least one financial professional either currently or at some point in the past; have at least $100,000 in investable assets; own a fixed rate annuity (FRA) and/or fixed index annuity (FIA); and play a substantial role in making household financial decisions.About Greenwald ResearchGreenwald Research is a leading independent custom research firm and consulting partner to the health and wealth industries that applies creative quantitative and qualitative methods to produce knowledge that helps companies stay competitive and navigate industry change. By leveraging deep subject matter expertise and a trusted consultative approach, Greenwald offers comprehensive services for weaving rich research stories that answer strategic business questions.About NAFANAFA, the National Association for Fixed Annuities, is the premier trade association exclusively dedicated to fixed annuities.