by John Darer® CLU ChFC MSSC RSP CLTC
The 2013 Transition Boomers and Retirement Income survey from Allianz Life Insurance Company of North America found that "despite the (stock) market’s recent strength, "transition boomers," or people between the ages of 55 and 65, said they would protect their retirement savings with a guaranteed return rather than watching their assets lose value in the market.
Specifically, 87% of Transition Boomers surveyed reported being more attracted to a financial product with 4% return that is guaranteed not to lose value over one with 8% return but with the possibility of losing value due to market downturns. This feeling was higher among: women (91% versus 82% of men), those with under $50,000 in annual household income (92% versus 83% of those with more than $50,000 in annual household income), and those without children at home (87% versus 79% with children at home).
There is a strong parallel between the issues facing those surveyed for the Allianz study and those who are due to receive settlements from the settlement of a lawsuit arising from losses suffered due an auto accident, medical malpractice, an aircaft or helicopter crash, construction accident, gas explosion, maritime disaster. For the latter, structured settlements may be part of a great solution for these people. Structured settlements benefit those receiving settlements by providing a fully customizable package of guaranteeed streams of income that can address many types of financial needs.
Guaranteed income solutions are an important aisle in our "store". 4structures.com® LLC sells On Time Every Time®
4structures.com® LLC provides a variety of On Time Every Time® income guarantee products and stable income solutions for transition boomers and people and companies involved in lawsuits, settlements and their attorneys, as part of its menu of financial and settlement planning services. For more information about income guarantee solutions such as a single premium immediate annuity, deferred income annuity, structured settlement annuity and specific terms and options, please call me at (888)325-8640, or (203)-325-8640, if within CT)
The Allianz Life 2013 Transition Boomers and Retirement Income survey was conducted by Ipsos U.S. eNation online from March 15-25, 2013 with 1,425 panel respondents age 55-65, and was commissioned by Allianz Life Insurance Company of North America. Please click here for the April 10, 2013 Allianz Life press release announcing the survey results.
On Time Every Time® is a registered trademark of 4structures.com® LLC