In the Media - Annuities

By Rich Lane, Director, Sales and Marketing, Standard Insurance Company
Reprinted with permission

The oldest baby boomers are approaching age 70. As this segment of the demographic — which spans the two decades from 1946 to 1964¹ — moves deeper into their post-retirement years, many are starting to think about how to pass on their wealth. And they have a lot of wealth to transfer. A study from Accenture found baby boomers' net worth equals nearly $7 trillion.²

Although clients might have initially chosen to invest in an annuity to accumulate retirement savings, a fixed annuity also can be used as a wealth transfer strategy.

Read the full article, 'How to Plan for the Great Wealth Shift,' on LifeHealthPro (published January 8, 2015; accessed February 12, 2015).

_{1 U.S. Census Bureau. The Baby Boom Cohort in the United States: 2012 to 2060. http://www.census.gov/prod/2014pubs/p25-1141.pdf. Published May 2014. Accessed November 11, 2014.}

_{2 The 'Greater' Wealth Transfer, Capitalizing on the Intergenerational Shift in Wealth. Accenture, 2012.}