deferred annuities
More than a third of retirees receive annuity income: LIMRAPosted by RJ and Makay on Sep 20, 2011 |
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35% of all retirees are receiving income from an annuity during their retirement, according to a recent study by the Life Insurance and Market Research Association (LIMRA). The report indicates that the likelihood of taking income from an annuity increases with age. The study found that only 19% of retirees under the age of 65 receive annuity income, whereas 49% of retirees age 75-79 do so.
