Study Reveals That Most Advisors Favor Annuities For Their Clients
A new study published by LIMRA shows that 55% of advisors believe that annuities should be included in their clients’ portfolios when they have less than $500,000 in investable assets. Given this retirement amount needs to address their clients’ needs for the remainder of their lives, the greatest risk to these clients is outliving their assets. Statistically, they simply do not have enough cushion to self-insure against longevity risk. Also, this study found that 42% of advisors with high-end clients say that guaranteed income products...
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