The lingering distrust surrounding financial instruments presents a challenge to life insurers looking to market retirement products, a new study finds.
A report released by the Insured Retirement Institute (IRI) says consumers are beginning to seek more interaction with financial advisers, but remain skeptical of any financial advice and information they receive. Thankfully for insurers, the survey found retirees and pre-retirees have become much less aggressive investors and are seeking more conservative, long-term investments such as annuities. Yet, however warm investors are to the guarantees annuities provide, they remain skeptical of annuities themselves and want to know the “catch.”
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