‘Guaranteed income’ preferred over ‘annuities’
The insurance industry recognizes that the word 'annuity' is not always received well. But that's only part of what hampers the products, according to two recent reports.
Annuities have existed as a concept for thousands of years, but they aren't used very often by today’s retirees — and part of that has to do with their name.
A recent survey of more than 1,000 U.S. residents over the age of 30 found that calling products a “guaranteed stream of income” ma
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