Insurance Pro Blog Podcast

People Seek Peace of Mind with Guaranteed Income Products

06.11.2023 - By TheInsuranceProBlog.comPlay

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In this revealing episode, we're diving deep into the recent survey data collected by the American Council of Life Insurers (ACLI). If you're a retirement saver, this episode is a must-listen! It will shed light on concerns you and others like you might have about future financial security. We discuss the key findings from the survey, where we learned that over half of retirement savers (54%) are considering bolstering their financial future by purchasing a guaranteed lifetime income product. We delve into why 73% of savers, including 68% of those without a pension, are expressing an interest in such products. You'll also find out how today's economy influences retirement planning decisions, with a stunning 88% of savers looking for ways to protect their nest egg to ensure it lasts throughout their golden years. With four-in-five savers expressing concerns about having enough savings to last through retirement, we unpack these figures and discuss strategies to mitigate these fears. In our deep dive, we'll also cover the perceived benefits of guaranteed lifetime income products, which promise to provide a steady income stream during retirement. We discuss how these products can offer you peace of mind by ensuring a consistent income for life, regardless of market volatility or economic changes. So, whether you're a seasoned retirement saver or just getting started, join us as we explore the results of this pivotal survey and discuss practical steps you can take to secure your financial future. _______________________ If you'd like to explore your options for guaranteed retirement income, please click right here to reach out to us.

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