“The share of advisors who would not recommend an annuity is shrinking, according to a survey by RetireOne and Protective Life.”
ThinkAdvisor‘s Michael S. Fischer posted an article covering some of the results from our joint “2021 RIA Protected Accumulation + Retirement Income Survey” with Protective.
Fischer highlights survey data measuring changes in RIA sentiment over the past year, and some data that show RIAs whose clients own annuities strongly believe their clients deeply value guaranteed lifetime income.
- The share of advisors who would not recommend an annuity is shrinking.
- Advisors are more likely to recommend CDs than fixed or fixed indexed annuities to clients looking for principal protection.
- A lack of awareness about recent annuity innovation may explain the objections from advisors who are unlikely to recommend an annuity.