Annuity owners are more likely to feel...

Confident

that they will be able to retire at their anticipated retirement age (96% for annuity owners vs 68% of non-annuity owners).

Empowered

about their finances (annuity owners are twice as likely than their non-annuity owning peeres).

Prepared

for retirement (Annuity owners are three times more likely to feel prepared for retirement than non-annuity owners).

Comforted

that retirement savings will last the rest of their lives (78% of owners say very/somewhat confident vs 61% of non-annuity owners).1


Annuity owners who receive guaranteed lifetime income worry less and spend more freely…

92%

say it helps them worry less about day to day expenses in retirement.

85%

say it helps them budget more effectively.

Over 2/3

say it allows them to spend more on discretionary items than they would otherwise.

Over 2/3

say it allows them to take greater investment risks with other assets than they otherwise would.2


Not all retirees feel they're on solid financial ground...

Only 1/3

of retirees are very confident that they will have enough money to live comfortably in retirement (33%).

Only 1 in 4

are very confident that they know how much to withdraw from their retirement savings and investments (28%).

Over 1/2

of workers claim a product that guarantees monthly income for life will be a source of in retirement.

Nearly 3 in 5

workers agree that preparing for retirement makes them feel stressed (58%).3

See how our annuities can help your clients feel better about their retirement.

Sources

1. New York Life Wealth Watch

2. Guaranteed Lifetime Income Study, Greenwald & Associates 2020

3. EBRI Retirement Confidence Study, 2022