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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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Press Articles
The Insured Retirement Institute's mission is to be a resource to the media, regulators, advisors, and investors by providing information that can be of assistance in the education and better understanding of annuities. The following are press articles that show a sampling of how annuities are appropriately portrayed in the media.
Recommended by 25 people Alarming Number of Boomers Exhausted Savings During Recession
Older Americans also took Social Security earlier, with diminished payouts; ‘profound impact on adults'
Recommended by 27 people Variable Annuities Key to Successful Portfolios: IRI
Independent and insurance brokers/dealers are the strongest sales channels for variable annuities, according to The Insured Retirement Institute’s (IRI) “2011 Portfolio Construction Dynamics” report. But, generating income throughout these broker/dealers’ clients’ retirement doesn’t come without challenges. The report from IRI—in partnership with Cerulli Associates—explores these challenges and offers insight on how to grow adviser acceptance of variable annuities as a retirement income solution.
Recommended by 20 people Middle-Income Boomers: An Untapped Market
With little confidence in their ability to plan for retirement or in their knowledge to navigate through a sea of investment vehicles, middle-income baby boomers are in dire need of retirement income advice. Underserved by financial advisors, this untapped market of age 60-plus boomers earning between $30,000 and $75,000 presents an opportunity for financial planners to provide meaningful retirement planning while expanding their client base.
Recommended by 23 people Can Annuities Solve the Retirement Crisis?
A government study is drawing accolades from professionals in the insurance and financial community—a rare event, given that government and financial interests are often at odds. The 79-page document issued by the U.S. Government Accountability Office (GAO) says experts are recommending use of income annuities to generate retirement income, among other strategies.
Recommended by 21 people What is Mailbox Money - and Why is it Crucial to Retirement?
Aging baby boomers represent a historic opportunity to boost the sales of income-generating investment products, according to industry leaders who kicked off the Insured Retirement Institute conference in Boston today.
Recommended by 24 people Women Concerned about Retirement, Seek Advice
Recent studies show that women increasingly make financial decisions for the family. To better educate advisors on those needs, the Insured Retirement Institute (IRI) released a report concerning that topic.
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