Poll: Many buy deferred annuities to supplement retirement income

05/1/2013 | InsuranceNewsNet

Supplementing income from pensions or Social Security is the main reason consumers age 40 and up gave for buying deferred annuities, according to a LIMRA poll. Among the 1,200 respondents, 55% of variable-annuity buyers, 46% of indexed-annuity purchasers and 42% of traditional-fixed-annuity buyers said they bought annuities to help increase their retirement income.

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