Who Buys Annuities Official

: The median age of current owners is 75 , though many purchased their first contract in their early 50s (average age 51).

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 who buys annuities

: About 65% of owners are currently retired. : The median age of current owners is

: Buyers often have a lower tolerance for market risk and prioritize protecting their principal over high growth. Typical Buyer Profile : About 65% of owners

: Approximately 70% to 80% of individual annuity owners have household incomes below $100,000.

: There is growing interest among millennials (ages 34–55) who are increasingly concerned about market volatility and loss protection. Who Should Consider an Annuity?