: Approximately 70% to 80% of individual annuity owners have household incomes below $100,000.
: Buyers often have a lower tolerance for market risk and prioritize protecting their principal over high growth. who buys annuities
: The median age of current owners is 75 , though many purchased their first contract in their early 50s (average age 51). : Approximately 70% to 80% of individual annuity
: About 65% of owners are currently retired. who buys annuities