Speak with a Registered Agent: 1-866-223-2121

Speak with a Registered Agent: 1-866-223-2121

Fixed Term Annuity Surge Over Next Two Years


By

While Americans have been focused on increasing education about annuities and retirement income options, our neighbors in Europe are dealing with the same issues.  MetLife Europe UK forecasts a 65% increase in retirees asking financial advisors about annuity products.  In the FT Advisor article, “IFAs expect rise in advice on annuities: MetLife,” Aamina Zafar says that fixed term annuities like the 5 year fixed annuity will become increasingly popular over the next two years.  Retirees and financial advisors are calling for more innovation and new products to help retirees.  They believe that better options should be out there to finance retirement.

Unfortunately, 47% of those surveyed did not use a financial advisor’s help when making decisions regarding their retirement income planning.  Of those, 17% admitted to regretting that choice, while it’s likely that more actually regretted it.  About 27% of retirees sought the advice of a financial advisor for retirement decisions, 21% used their employer’s 401k annuity or other retirement plan, and 9% just asked their family and friends for advice.  In order to get retirement income, half of retirees were drawing down their savings and capital rather than receiving income payments from annuities or pensions.  No matter what retirement vehicle you use, speak with an expert to help give you all of your options.

Written by Rachel Summit

Follow Finance Mama on Twitter https://twitter.com/#!/financemama

For more information about the product mentioned in this article contact us here:

Information Request Form

If you have questions or would like more information, please complete this form and a licensed professional will be happy to help. For the fastest response, please select 'Phone' as your Contact Preference.

By providing your information and clicking 'Submit' above, you acknowledge that you have read and agree to this site's privacy policy. You also provide your consent to be contacted at the email address or phone number provided above (including any wireless number) by licensed agents or representatives from or on behalf of AFYI Holdings Group, LLC and other companies to provide the information requested and/or offer annuities or financial products. You understand that these calls or SMS messages may be generated using an automated telephone dialing system, a pre-recorded message, or artificial voice. Consent to receive such messages is not a condition to purchase any goods or services. You may opt out at any time by following the instructions in the messages you receive.  Receiving quotes and information through our website is free, and you are under no obligation to purchase any goods or services as a result of this request. You affirm that you are the subscriber of the provided telephone number or that the subscriber authorized you to provide the number. Message and data rates may apply. AFYI Holdings Group, LLC is committed to respecting your privacy and adhering to all applicable laws and regulations, including the Telephone Consumer Protection Act (TCPA).