The report also shed light on retirement readiness and longevity risk, both of which are areas where insurance can play a pivotal role. More than 90% of respondents said retirement savings were very important, yet 26% expected never to fully retire — an indicator that many are unprepared for income needs later in life. Annuities, long-term care insurance, and other income protection products may therefore become increasingly relevant in addressing those gaps.
Leave a Reply