The ABCs of Annuities: Understanding today's annuities
The economic downturn of 2008 caused a major shift in many people's attitudes and finances. Having watched the value of their assets drop suddenly, the possibility of outliving their money has become very real to many baby boomers.
As revealed in the Allianz Life Insurance Company of North America (Allianz Life) Reclaiming the Future study, boomers are increasingly seeking safety, security, and predictability over growth potential. By nearly a 4 to 1 margin, boomers surveyed are more attracted to guarantees for their retirement savings versus potential high returns with market risk.
In other words, they want what annuities can offer.
Yet consumers continue to see annuities as very confusing. Many people's opinions were formed 10 to 20 years ago, and they are unaware of how annuities have changed over the years.
To educate consumers on the benefits of today's annuities — and debunk outdated and incorrect perceptions — we have created The ABCs of Annuities, a series of short animated videos. Using simple, everyday language, each segment explores a different topic relating to annuities:
Retirement Realities explains why it's time to take a more active role in planning for, and protecting, retirement savings.
Annuity Basics explains what annuities are, how they work, and how critical they can be to a solid retirement plan.
Annuity Myths and Truths dispels some common misconceptions about today's annuities.
"Information about annuities is often too complicated or boring," said Katie Libbe, Vice President of Consumer Insights at Allianz Life. "We want to prevent people from tuning out when they hear the word 'annuity' — so we designed these videos to be educational and entertaining."
Watch the ABCs of Annuities videos to learn how annuities can help you prepare for your financial future.