WINDSOR, Conn., June 22, 2016 — A new LIMRA study shows consumers under age 40 would prefer to receive life insurance benefits as a monthly income rather than a lump sum payment.
LIMRA Secure Retirement Institute: More than Half of Consumers Would Choose Guaranteed Lifetime Income over a Lump Sum Payment
LIMRA Secure Retirement Institute (LIMRA SRI) has found 53 percent of Americans ages 50 to 79 with at least $100,000 in assets would choose guaranteed lifetime income of $660 monthly over a lump sum of $120,000 when offered in a hypothetical situation.
Buying an annuity is often an emotional decision. Learn how your company and its representatives can find and help guaranteed-income seekers.
Majority of Younger American Adults Would Suffer Substantial Financial Consequences If Income Were Interrupted
WINDSOR, Conn., June 23, 2014 — A new LIMRA study found that 6 out of 10 Generation X and Y Americans say losing their income for 6 months due to accident or illness would have a significant or drastic impact on their families' financial well-being.
Windsor, CT, May 24, 2005 — A secure and worry-free retirement is a cherished dream for millions of Americans, but a new report cites 10 ways in which consumers lack a realistic understanding of what they need to do to achieve that dream.