COVID-19 may have reshaped the U.S. population, but about 38 million baby boomers are on track to turn 65 over the next eight years.
The pandemic, low interest rates, worries about inflation, and the loss of defined benefit pension plans have all combined to complicate those boomers’ retirement planning efforts.
Annuity issuers could play a role in helping some of the younger boomers get through retirement. Issuers are already serving older boomers, and members of earlier generations, and they are doing what they can reach out to younger consumers.
For a look at a list of the top 10 U.S. annuity issuers, based on the annuity consideration figures compiled by the National Association of Insurance Commissioners, and information about where those companies ranked, in terms of annuity considerations, in 2015, see the slideshow above.
(Cover image: Sergey Tinyakov/Shutterstock)