Who Buys Annuities -

: 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

: There is growing interest among millennials (ages 34–55) who are increasingly concerned about market volatility and loss protection. Who Should Consider an Annuity? : About 65% of owners are currently retired

Most annuity buyers share specific demographic and financial traits: who buys annuities

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.