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The Society for Annuity Facts & Education (SAFE), a nonprofit with the aim of educating consumers about annuities, has joined with an industry coalition to declare June as Annuity Awareness Month.
Hardly a day goes by without dire warnings about underfunded retirements and people outliving meager savings, according to members of the coalition made up of life and annuity carriers, annuity marketers, distributors and data aggregators. The talk these days is how to generate lifetime income for many of us who will live to be 100.
Annuity awareness is “timely and very much needed,” Sheryl J. Moore, president of SAFE and an expert on the annuities market, told InsuranceNewsNet.