During the month of June, numerous trade associations will provide educational material, webcasts and social media communications to help educate financial professionals and the public on the important role annuity products play in helping Americans save for retirement as part of a secure retirement savings plan. An array of educational resources and awareness tools will available to help educate consumers throughout the month. The Coalition for Annuity Awareness, including key National Annuity Awareness Month sponsors such as Beacon Research, Heinrich Law, NAFA and SAFE (Society for Fixed Annuity Facts & Education, Inc.), will circulate positive and accurate messages regarding annuities.
MARK YOUR CALENDARS:
National Annuity Awareness Month Webcast #1 June 5, 2014 10:30 am CT – Register Now! Topic: Do You Really Know What Retirement is?
National Annuity Awareness Month Webcast #2 June 19, 2014 10:30 am CT – Register Now! Topic: Explaining the Income and Payout of an Income Annuity
National Annuity Awareness Month Webcast #3 June 26, 2014 10:30 am CT – Register Now! Topic: Permitted Activities and Dual License Business Models
AVAILABLE DIGITAL DOWNLOADS:
Free article: The Best of Both Worlds – Guaranteed Income & Liquidity (sponsored by NAFA)
Free article: How Fixed Annuities are Helping Americans Close Their Savings and Retirement Income Gap (sponsored by NAFA)
Free article: Eight out of Ten Annuity Buyers Are Satisfied Customers (sponsored by NAFA)
Free article: Fixed Annuities Complement Retirement & Investment Planning (sponsored by NAFA)
Free article: Simply Safe, Safely Simple – Retirement Income Planning Using Fixed Annuities (sponsored by NAFA)
Free Educational Whitepaper: Do We Really Know What Retirement Means? (provided byby Jester Financial Technologies)
HELPFUL ARTICLES FOR CONSUMERS:
Facts About Annuities: How Can I Protect Against Fraud When Buying a Fixed Annuity? (sponsored by NAFA)
Facts About Annuities: How Will I Get Income From My Annuity? (sponsored by NAFA)
Facts About Annuities: Is My Annuity Protected If My Insurance Company Fails? (Sponsored by NAFA)
ABOUT THE COALITION FOR ANNUITY AWARENESS:
The Coalition for Annuity Awareness is comprised of industry associations who serve consumers by helping them understand annuity products. As today’s challenging economic environment continues to evolve, a growing number of individuals and families are turning to annuities to help provide security for their retirement. Specifically, many consumers are using annuities as a vital risk management tool to protect themselves against the possibility of outliving their financial resources. Annuities are unique among financial products in the marketplace because they can provide retirees with a guaranteed lifetime income stream.
Currently, there is over $500 billion in-force premium serving roughly 3.3 million Americans. The annuity market is largely comprised of middle-class consumers with an average annuity valued at $90,000[1] and a household income of around $100,000[2]. In 2012, life insurance companies paid $97 billion in annuity benefit payments providing crucial retirement security to contract holders. In addition, according to the American Council of Life Insurers (ACLI), more than 75 million Americans rely on annuities and other insurance products for financial and retirement security, and nearly 20 percent of Americans’ long-term savings is in life insurance and annuities.
[1] Beacon Research Report
[1] The Committee of Annuity Insurers, Survey of Owners of Individual Annuity Contracts (The Gallup Organization and Mathew Greenwald & Associates, 2013)