Findings from a recent Gallup poll suggest that annuity ownership in the United States is dominated by middle-income households and individuals.
Eighty percent of annuity owners have income of less than $100,000, while only four percent of annuity owning households have incomes in excess of $200,000.
Other poll findings include:
- Almost half of the respondents have household income less than $50,000.
- Seven out of ten annuity owners are retired.
- The average age of annuity owners is 70.
- Women comprise the majority of owners at 58%.
- Seventy five percent of annuity owners will use the annuity to fund their retirements.
- Eighty three percent of respondents find the longevity insurance features to be important.
Source: Bank Investment Consultant
Key Phrases:
- Log in to post comments