Life insurers and their vendors made the case this week in Baltimore that retirement income guarantees matter, and that life insurers can meet their income guarantee obligations.
The income planning community traveled to the Charm City waterfront for the 2019 Retirement Industry Conference, which was organized by the LIMRA Secure Retirement Institute and the Society of Actuaries.
(Related: 3 Cases for Annuities in a Turbulent Market)
Many of the speakers and exhibitors focused on the employer-sponsored retirement plan market, and some of the speakers who talked about the individual retirement planning market expressed frustration.
Ronnie Klein, director of global aging at the Geneva Association, presented the results of a survey of 7,000 people in seven countries.
The presentation title was, “Why People Don’t Buy Annuities,” and Klein pointed out that price is just of the barriers involved.