Baby boomers might be more likely to buy annuities if they knew more about annuities.
Researchers hired by Guardian Life Insurance Company, New York, gathered data supporting that conclusion in September 2005, when they surveyed 400 U.S. baby boomers ages 50 to 59.
Fewer than 14% of the participants said they own annuities, and 70% of the participants without annuities said they had never even considered buying annuities.