{"id":1676,"date":"2012-08-09T16:51:41","date_gmt":"2012-08-09T21:51:41","guid":{"rendered":"http:\/\/www.annuityfyi.com\/blog\/?p=1676"},"modified":"2023-02-14T23:30:05","modified_gmt":"2023-02-14T23:30:05","slug":"limra-finds-happy-annuity-purchasers","status":"publish","type":"post","link":"https:\/\/www.annuityfyi.com\/blog\/2012\/08\/limra-finds-happy-annuity-purchasers\/","title":{"rendered":"LIMRA Finds Happy Annuity Purchasers"},"content":{"rendered":"<p><img loading=\"lazy\" decoding=\"async\" class=\"alignleft size-full wp-image-1679\" title=\"\" src=\"https:\/\/www.annuityfyi.com\/blog\/wp-content\/old-happy-people.jpg\" alt=\"\" width=\"240\" height=\"160\">A recent LIMRA study found that most of the people who bought annuities in the past three years are happy with their purchase.&nbsp; LIMRA, an insurance industry group with members from more than 850 companies in 70 countries, performed this study during the third quarter of last year.&nbsp; They looked at deferred annuities purchased within the last three years by 1,200 different people over the age of 40.&nbsp; This information comes from Bank Investment Consultant&#8217;s &#8220;Most Annuity Buyers Satisfied: LIMRA,&#8221; by Margarida Correia.<\/p>\n<p>Five out of six of those surveyed said that they would definitely recommend that their friends buy annuities after their own personal annuity experience.&nbsp; LIMRA broke the survey into three different types of annuities.&nbsp; Variable annuity purchasers were happy with their products 75% of the time.&nbsp; Purchasers of equity indexed annuities were satisfied with their annuity products 83% of the time.&nbsp; Of those who purchased <a title=\"traditional fixed annuities\" href=\"https:\/\/www.annuityfyi.com\/fixed-annuities\/\" target=\"_blank\" rel=\"noopener\">traditional fixed annuities<\/a>, 86% of them were satisfied with their annuity purchases.&nbsp; This high rate of satisfaction is likely due, at least in part, to greater transparency and ethics in the annuity business.&nbsp; Investors knew exactly what they were getting in regards to interest, fees, and guaranteed income payments.<\/p>\n<p>While you may think that the top reason given for purchasing annuities is the guaranteed lifetime income, that actually was the third most popular reason in this survey.&nbsp; The top reason given was bridging the retirement gap between money received from social security and pensions and money needed to meet living expenses in retirement.&nbsp; Accumulating wealth for retirement was the other reason given for purchasing annuity products.&nbsp; Purchasers of all three annuity types found the financial strength of the issuing insurance company to be a very important factor when purchasing an annuity.&nbsp; Variable annuity purchasers thought it was important 71% of the time, while fixed and <a title=\"equity indexed annuity purchasers\" href=\"https:\/\/www.annuityfyi.com\/fixed-indexed-annuities\/\" target=\"_blank\" rel=\"noopener\">equity indexed annuity purchasers<\/a> though so 68% of the time.&nbsp; Are you happy with your annuity purchase?&nbsp; Share it with us in the comment section.<\/p>\n<p>Written by <a href=\"https:\/\/www.annuityfyi.com\/authors\/rachel-summit.html\" rel=\"author noopener\" target=\"_blank\">Rachel Summit<\/a><\/p>\n<p>Follow Finance Mama on Twitter <a title=\"Finance Mama Twitter\" href=\"https:\/\/twitter.com\/#!\/financemama\" target=\"_blank\" rel=\"noopener\">https:\/\/twitter.com\/#!\/financemama<\/a><\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A recent LIMRA study found that most of the people who bought annuities in the past three years are happy with their purchase.&nbsp; LIMRA, an insurance industry group with members from more than 850 companies in 70 countries, performed this study during the third quarter &#8230; <\/p>\n<p class=\"read-more-container\"><a title=\"LIMRA Finds Happy Annuity Purchasers\" class=\"read-more button\" href=\"https:\/\/www.annuityfyi.com\/blog\/2012\/08\/limra-finds-happy-annuity-purchasers\/#more-1676\" aria-label=\"Read more about LIMRA Finds Happy Annuity Purchasers\">Read more<\/a><\/p>\n","protected":false},"author":5,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[106,88,47,460,12],"tags":[126,40],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.annuityfyi.com\/wp-json\/wp\/v2\/posts\/1676"}],"collection":[{"href":"https:\/\/www.annuityfyi.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.annuityfyi.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.annuityfyi.com\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/www.annuityfyi.com\/wp-json\/wp\/v2\/comments?post=1676"}],"version-history":[{"count":3,"href":"https:\/\/www.annuityfyi.com\/wp-json\/wp\/v2\/posts\/1676\/revisions"}],"predecessor-version":[{"id":26253,"href":"https:\/\/www.annuityfyi.com\/wp-json\/wp\/v2\/posts\/1676\/revisions\/26253"}],"wp:attachment":[{"href":"https:\/\/www.annuityfyi.com\/wp-json\/wp\/v2\/media?parent=1676"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.annuityfyi.com\/wp-json\/wp\/v2\/categories?post=1676"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.annuityfyi.com\/wp-json\/wp\/v2\/tags?post=1676"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}