Few Americans Think They Own Annuities
April 9, 2019 by Allison Bell
Life Happens and LIMRA have published survey results highlighting a serious financial services market analysis problem: American survey takers appear to be hazy about what financial services products they own — and more reliable comparison numbers are hard to find.
The groups focused attention on survey takers’ awareness gap in a batch of data from their 2019 Insurance Barometer Study, which was based on an online survey of about 2,000 U.S. adult consumers who are financial decision makers in their households.
The survey team asked the participants about their ownership of various types of financial services products.
Here’s what the survey team found participants thought they owned:
- Life Insurance: 57%.
- Disability Insurance: 20%.
- Long-Term Care Insurance (LTCI): 15%.
- Annuities: 12%.
Click HERE to read the full story via ThinkAdvisor.