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Did You Know?
- That, as of the first quarter 2011, the combined net assets of U.S. variable annuities were valued at nearly $1.6 trillion, an 11% increase from first quarter 2010 and the highest level ever recorded?
- In 2010 fixed annuity assets were valued at $659 billion a 6% increase from 2009?
- That in 2010, the total average expense difference between variable annuities and mutual funds was 1.01%?
- In 2011, the contribution limits range from $5,000-$6,000 for an IRA, $16,500-$22,000 for a 401(k) and $200,000 plus for a non-qualified annuity?
- That the average number of funds per variable annuity contract was 50 in 2010, of which 47% of assets were invested in equities, 11% in bonds, and 20% in fixed-rate accounts?
- That the guaranteed lifetime withdrawal benefit was offered on 79% of variable annuities in 2011 and was elected by 65% of contract holders?
- Boomers who own annuities have a higher confidence in retirement expectations, with 92% believing they are doing a good job in preparing for retirement?
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The Insured Retirement Institute works to provide information and news that assists in the education and better understanding of the role insured retirement products play in a financially secure retirement plan.
Recommended by 108 people IRI Research: Middle-Income Boomers and Retirement
The Insured Retirement Institute report, "Middle-Income Boomers and Retirement," found that Middle-Income Boomers - those with income between $30,000 and $74,000 - recognize the need for retirement planning, yet only 50% have determined their financial need for a comfortable retirement.
Recommended by 64 people Consumer Demand for VA Summary Prospectus Continues to Grow
The Insured Retirement Institute (IRI) report, "Variable Annuity Summary Prospectus High in Demand by Consumers," found that nearly all consumers (94%) would prefer to receive a shorter, printed summary prospectus instead of a full prospectus if details were available online or upon request.
Recommended by 100 people IRI Research: Boomer Expectations for Retirement
The Insured Retirement Institute's (IRI) new survey, "Boomer Expectations for Retirement," found that more than one-third of pre-retirees do not know the age at which they will retire. The report also found that among this group, three out of 10 Boomers cited concern about having sufficient assets as a top issue, while over half said they will work for income in retirement (meaning they are actually not retired).
Recommended by 52 people Tax Advantages of Annuities Benefit Middle Class
The Insured Retirement Institute's (IRI) exclusive report, "The Tax Advantages of Annuities: How Tax Deferral and Guaranteed Lifetime Income Strategies Can Benefit All Consumers," found that the tax deferral of annuity earnings is of greatest benefit to middle income Americans, who comprise the largest segment of annuity owners.
Recommended by 77 people IRI Report: Women and Retirement
Representing half of all individuals with at least $500K in investable assets, women remain underserved.
Recommended by 422 people 2010 a Year of “Steady Ahead” for VA Market
The Insured Retirement Institute (IRI) today released a report on product trend updates within the U.S. variable annuity market for the fourth quarter. Compiled by Morningstar, the report found that product development in 2010 was “steady ahead,” with carriers reacting to the positive equity returns with a push toward more generous benefits. Every benefit issued in the fourth quarter was a Lifetime Guaranteed Minimum Withdrawal Benefit (GMWB) in some form, confirming the popularity and utility of these benefits as retirement income vehicles.
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