Wednesday, June 2, 2021

Annuities Can Be Powerful Solutions for Clients

Our industry is promoting National Annuity Awareness Month this June, consequently it is the perfect time to educate your clients on the benefits of annuities and the guaranteed lifetime income they can provide.  As the pandemic begins to subside, Americans will likely shift their focus from short-term survival to longevity, making the protection offered by annuities more important than ever.

Longevity includes retirement planning. Only 27% of working Americans feel confident in having enough money to live comfortably throughout their retirement. Also, a whopping 41% of workers in America have saved less than $50,000 for retirement. This is a huge opportunity!

Thanks to the SECURE Act legislation passed in December, 2019, which removed barriers in retirement planning, annuities are riding a wave of positivity. A traditional fixed income investment like money markets and CD's have declined sharply over the years, making it difficult for clients who are looking for profit to generate dependable income to maintain their lifestyles in retirement.

A well-balanced retirement portfolio may include a combination of conservative, moderate and aggressive investments. Stocks and bonds offer strong return opportunities, but they lack income and protection guarantees plus are subject to higher risks than traditional fixed income investments.

To help your clients achieve their retirement goals, it’s important to build a strong savings foundation that can help overcome low interest rates and increasing market volatility. Annuities can add certainty to your clients’ retirement savings groundwork.

Assist your clients in overcoming potential retirement planning challenges. Offer them more growth and protection to accumulate more assets for retirement by offering annuities. Start the conversation today with help from these resources