The question was: Which of the following features do consumers rate as a top priority when choosing a retirement income product, whether an annuity or other product?
a) Fees and expenses
b) Lifetime income guarantee
c) Liquidity
d) Investment preservation
e) Income volatility
f) Investment volatility
g) Annual payout
The answer is: d), investment preservation. Overwhelmingly, participants in a 2009 LIMRA International online survey indicated they are more willing to trade off their target annual payout amount, lifetime guaranteed income, liquidity, and investment and income volatility in order to preserve their retirement money at a low cost. See Marie Rice's article on retirement income preferences here
© 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.
