AXA Equitable: Income Guarantee Popularity Grows

U.S. consumers are even more interested than they used to be in having financial services companies protect their retirement income from investment risk.

Researchers at AXA Equitable Life Insurance Company, New York, a unit of AXA S.A., Paris, have published data supporting that conclusion in a summary of results from an October survey of 400 U.S. residents ages 35 to 70 with household incomes of $75,000 or higher.

Since April, the percentage who rank income guarantees as a top financial priority has increased to 78%, from 62%, the researchers report.