Annuities: Who Buys

: About 65% of owners are currently retired.

: The median age of current owners is 75 , though many purchased their first contract in their early 50s (average age 51). who buys annuities

: Buyers often have a lower tolerance for market risk and prioritize protecting their principal over high growth. : About 65% of owners are currently retired

Annuities are primarily purchased by individuals seeking to secure guaranteed income for retirement. While often associated with the wealthy, recent data shows the majority of owners are with median household incomes around $79,000. Typical Buyer Profile Annuities are primarily purchased by individuals seeking to

An annuity may be a good fit if you fall into these categories: 5 Things You Should Know About Annuities - AARP

: Approximately 70% to 80% of individual annuity owners have household incomes below $100,000.