Cannex Financial Exchanges Ltd. has posted a new batch of U.S. investor survey data and found shocking results: Typical survey participants were open to owning annuities and believe that they’ve mostly heard good things about annuities.
Cannex — a firm that sells annuity and bank product pricing information, and related data streams — joined with Greenwald & Associates to poll 1,005 Americans ages 55 to 75. The participants had at least $100,000 in investable assets.
Cannex found that 240 of the survey participants already own annuities that come with lifetime income guarantees.
About 76% of those lifetime income product owners said they would recommend that other people buy lifetime income products.