Market Overview / Future Need for Annuities

When you consider all of the following statements, you will realize how we can have a profound effect on the future lifestyles and dignity for so many more consumers.

1. A tax-deferred annuity can help consumers accumulate more money for retirement than many taxable alternatives.
2. An immediate annuity and a tax-deferred annuity (if and when annuitized) are the only products in the financial market that can guarantee a lifetime guaranteed income for as long as the annuitant lives.
3. Interesting Statistics 
1. There are 51,000 people age 100 and older in the United States.
2. In California, there are 5,341 people age 100 and older.
3. In the year 2030, there are projections that there will be 324,000 people age 100 and older (almost a 1,000% increase since 1990).
4. Hallmark, the greeting card company, says that by the end of the decade, they expect to sell more than 70,000 centenarian birthday cards each year.
5. 70 million people in the United States will be age 65 and older in 2035. This number is more than twice the current population of Canada.
6. Today, men and women age 50 and older now control 80% of all the money in U.S.  Savings and Loan institutions and represent $66.00 of every $100.00 invested in the stock market.
7. The average 21st Century American will spend more years caring for their parents than for their children.
8. In the year 2080, the average life expectancy in America will be 100 for men and 103 for women.
4. Interesting Statements
1. “Checking accounts need to show a balance not just at the end of the last month worked, but at the end of the last month of life”
2. “If your money does not keep pace with inflation, you either maintain your current lifestyle and potentially run out of money or change your lifestyle so you don’t run out of money.”
3. “The amount of money that you have saved or invested, how it is taxed, the return, inflation, and how long you live can have a dramatic impact on where you live, how you live and with whom you live.”