Retirees and pre-retirees would rather let someone else be in charge of managing their assets if it means that they'd get what's more important to them: growth in their investments, flexibility in how income is paid out and an income that's guaranteed for life.
So says the results of a new LIMRA Secure Retirement Institute study, which found that the majority of retirees and pre-retirees valued being in the driver's seat less than they valued features that can drive their income.
Asked which products or features they wanted in a retirement plan, 60 percent said they wanted an income that offered the potential for growth of investments.
Continue Reading for Free
Register and gain access to:
- Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
