An annuity may be a good fit if you fall into these categories: 5 Things You Should Know About Annuities - AARP
: Buyers often have a lower tolerance for market risk and prioritize protecting their principal over high growth. who buys annuities
: Approximately 70% to 80% of individual annuity owners have household incomes below $100,000. An annuity may be a good fit if
: There is growing interest among millennials (ages 34–55) who are increasingly concerned about market volatility and loss protection. Who Should Consider an Annuity? Who Should Consider an Annuity
Annuities are primarily purchased by individuals seeking to secure guaranteed income for retirement. While often associated with the wealthy, recent data shows the majority of owners are with median household incomes around $79,000. Typical Buyer Profile
: The median age of current owners is 75 , though many purchased their first contract in their early 50s (average age 51).
Most annuity buyers share specific demographic and financial traits: