Did you know there is a unique consumer study that utilizes trade-off methodology to determine which retirement income product features are most preferred and by whom?
Are people willing to trade off control for guaranteed income?
Take a glimpse into an actuary’s black box and develop an understanding of the constraints and trade-offs that underlie product features and pricing.
Retirees and Pre-retirees Trade Control for Investment Growth, Flexibility and Guaranteed Lifetime Income
A new study by the LIMRA Secure Retirement Institute found the majority of retirees and pre-retirees are more interested in income solutions that offer investment growth, flexibility, and guaranteed lifetime income than in those allowing them to maintain control over the management of their assets.
Do people plan to save their tax refunds toward retirement?
Middle-market consumers want to provide for their families if a wage earner becomes disabled, dies prematurely or if a family member becomes ill, while also saving for his/her own retirement and for the children’s educations. Unfortunately, many have yet to achieve these goals because they have other financial priorities. Find out what stops them from obtaining their financial security goals and the trade-offs they make when they can’t afford to fund them all.
Guaranteed Uncertainty: Socioeconomic Influences on Product Development and Distribution in the Life Insurance Industry (2011)
LIMRA and the Society of Actuaries sponsored a joint research study that identifies the key socioeconomic trends influencing the need and demand for the life insurance industry's products and services.
WINDSOR, Conn., Feb. 15, 2012 — T. Rowe Price has expanded its suite of interactive planning tools with the launch of Ready-2-Retire, a web-based tool developed by LIMRA, a research trade association for the financial services industry, which allows investors to envision how they might live in retirement.
Income Needs Drive Retirement Income Product Decisions; But Many Consumers Don’t Understand Their Options
WINDSOR, Conn., June 1, 2009 — While consumers make retirement income product decisions based on their income needs, many of their decisions do not align with their financial goals, according to a recent LIMRA retirement income study.