Solely 13% of the members have been of their 50s, and 53% have been of their 60s. Many of the relaxation have been ages 70 by means of 80.
Satisfaction: The NAFA survey annuity satisfaction ranges examine with a satisfied-or-very-satisfied stage of 78% for banks’ bank cards and debit playing cards, which was reported in latest American Bankers Affiliation survey outcomes.
Gallup lately discovered a satisfaction stage of 89% for the way in which issues are going within the private lives of individuals with an annual family revenue over $100,000. The agency reported an total private life satisfaction stage of 78%.
Particulars: Many states are actually implementing annuity gross sales guidelines that require annuity professionals to behave in the perfect curiosity of the purchasers.
About 90% of the NAFA survey members stated they imagine their annuity professionals had their finest pursuits in thoughts.
About 45% of of the fastened annuity house owners and 43% of the listed annuities purchased their contracts utilizing money that was not a part of a 401(ok) plan, an IRA or one other association that might be topic to the Labor Division’s proposed funding recommendation fiduciary definition.
Solely 22% of the members’ fastened annuities and 16% of their listed annuities had an estimated worth over $350,000; 22% of the fastened annuities and 32% of the listed annuities had an estimated worth beneath $100,000.
Credit score: rost9/Adobe Inventory