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Financial Professionals Underestimate Appeal Of Annuities Among Consumers, Genworth Survey Finds

"Our survey underscores the degree to which consumers appreciate how well annuities can help them manage today's challenging financial environment," Gipple said. "That's why we firmly believe that annuities will play an important role in the future of retirement income."

Read more about the annuity opportunity and the ideal customer for the product:  "Putting Your Clients in Control of the Future."  

To learn more about how fixed annuities can protect retirement money and guarantee a lifetime income, financial professionals can visit Genworth's Index Institute, a virtual community for producers that contains index life insurance and index annuity training; market insights from Andrew Friedman, one of the nation's most sought-after speakers on all things political; presentations; product information; and cutting-edge sales ideas.  Consumers can visit Genworth's recently launched annuities solutions website, which contains planning tools and educational videos: https://www.genworth.com/products/annuity.html#tab1-tab.

Genworth can also be found online through its social media platforms:  Facebook and YouTube

About the Study

During 2012, Genworth conducted the Retirement Income Planning study in conjunction with Directive Analytics, a third-party research administrator.  The study consisted of several phases, including in-depth interviews, focus groups and quantitative surveys with both consumers and financial professionals.  In October 2012, an online, quantitative survey was completed by 1,340 retired consumers and pre-retirees between the ages of 40 and 80 with at least $50,000 in household income.  In December 2012, an online, quantitative survey was fielded among 400 financial professionals with at least one year of experience.  Presented results represent statistically significant findings tested at 95 percent and 90 percent confidence intervals.

About Annuities

Annuity guarantees are based solely on the claims paying ability of the issuing insurance company.

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