Annuities are primarily purchased by individuals seeking to secure guaranteed income for retirement. While often associated with the wealthy, recent data shows the majority of owners are with median household incomes around $79,000. Typical Buyer Profile
Most annuity buyers share specific demographic and financial traits:
: About 65% of owners are currently retired. who buys annuities
: The median age of current owners is 75 , though many purchased their first contract in their early 50s (average age 51).
: Buyers often have a lower tolerance for market risk and prioritize protecting their principal over high growth. Annuities are primarily purchased by individuals seeking to
: There is growing interest among millennials (ages 34–55) who are increasingly concerned about market volatility and loss protection. Who Should Consider an Annuity?
An annuity may be a good fit if you fall into these categories: 5 Things You Should Know About Annuities - AARP : The median age of current owners is
: Approximately 70% to 80% of individual annuity owners have household incomes below $100,000.
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