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Why Annuity Demand Fell During the COVID Crash

Why Annuity Demand Fell During the COVID Crash

The American College of Financial Services
Advisor Perspectives
September 15, 2020

In The College’s 2020 Retirement Income Literacy Survey, four out of five Americans at or near retirement age showed a lack of basic knowledge necessary for financial security. That lack of knowledge extends to financial products meant to guarantee lifetime, assured income streams during the COVID-19 pandemic, and experts are wondering what this means for the marketplace.

Faculty members Michael Finke, David Blanchett, and Timi Joy Jorgensen say only better education about these products and the clearing up of misconceptions can ensure improved retirement security for many clients. Learn more in this piece from Advisor Perspectives.

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