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Linda L. Lanam
Vice President,
Annuities & Market Regulation
May 2005
Why annuities?
Changing workplace retirement plans
Increasing longevity
Continuing low savings rate
Growing possibility of outliving assets
25%
20%
21%
19% >20K
19% 18%
15% $20K - $40K
15% $40K - $50K
10% $50K - $75K
$75K - $100K
5% 7% <100K
0%
% ownership by income of policyholder
Based on the Gallup Survey Of Owners Of Non-Qualified Annuity Contracts, November 2001
Age of Policyholder
20% >54
35% 54-63
23% 64-71
72
22%
Based on the Gallup Survey Of Owners Of Non-Qualified Annuity Contracts, November 2001