Consumers

Today’s consumers face a difficult challenge in preparing for retirement. We’re living longer, working later in life and having to take on the lion’s share of our own planning efforts. With so much information about financial products and strategies readily available online and in the media, it can be difficult to cut through the clutter and identify fact from fiction. It can also be difficult to create a plan that matches your risk tolerance, keeps up with significant life changes you experience over time, and makes certain your financial goals and objectives will be met.

Annuities can play a critical role in helping individuals successfully prepare for their golden years. In fact, according to a recent report from the LIMRA Secure Retirement Institute, 73% of annuity owners are confident about their retirement readiness compared to just 64% of those who don’t own an annuity.1 Yet, it is critical that factual, unbiased information about how these products work is made available to consumers for free. The Coalition has put together a sampling of materials below you can use to better understand how these products may fit into your portfolio. Then, we encourage you to seek help from a licensed, trusted professional in your area to solidify your plans for retirement.

1 LIMRA Secure Retirement Institute The Differences They Make: An Advisor, An Annuity or A Formal Plan in a Retiree’s Life, issued Feb. 20, 2018. Available online here.

Downloadable Resources Provided by NAFA

How Will I Get Income from My Annuity?

Facts About Annuities: How Will I Get Income from My Annuity?
From NAFA’s “Facts About Annuities” series, this article provides consumers with an in-depth look at the three main ways they can receive income from an annuity: through withdrawal benefits, income riders also known as guaranteed lifetime withdrawal benefits (GLWBs) or guaranteed lifetime income benefits (GLIBs), and annuitization.

How Can I Protect Against Fraud When Buying a Fixed Annuity?

Facts About Annuities: How Can I Protect Against Fraud When Buying a Fixed Annuity?
From NAFA’s “Facts About Annuities” series, this article provides consumers with information on how fixed annuities work, as well as tips they can use to protect themselves from being scammed and ensure the annuity they purchase is suitable for their financial needs.

Is My Annuity Protected if My Insurance Company Fails?

Facts About Annuities: Is My Annuity Protected If My Insurance Company Fails?
From NAFA’s “Facts About Annuities” series, this article helps consumers delineate the difference between the insurance protection offered to bank deposits by the Federal Deposit Insurance Corporation (FDIC) and the insurance protection for annuity deposits (premium) offered by state guaranty associations.

We LOVE Fixed Annuities
The distribution of reliable, factual information about annuities is critical in our efforts to educate industry professionals and consumers alike. As one of our most popular pieces, this flier highlights key statistics and features of these products that readers can use to increase their knowledge and awareness of fixed annuity benefits.

Fixed Indexed Annuities – Your Questions Answered
It’s important that you feel confident in your retirement planning process and have all the facts about fixed indexed annuities and how they work. Therefore, we’ve compiled some of the most common questions asked by consumers and provided answers in terms you can understand. Use this as a starting point for a conversation with your agent or advisor.

Building Retirement Confidence with Annuities
From providing lifetime income and preserving a portion of your hard-earned assets to giving you the opportunity to grow your retirement dollars, annuities can help you achieve the retirement you want. Find out how ownership of these powerful products is correlated with an increased level of retirement preparedness.