My Annuity Store releases anniversary survey showing majority of respondents want to invest between $100,000 and $249,000
Indianapolis, IN, Indiana, United States - May 2, 2023 —
The Indianapolis-based My Annuity Store recently celebrated its third anniversary with the announcement that it had sold more than $50 million in annuity premiums.
In conjunction with the announcement, My Annuity Store, which is a direct-to-consumer, multi- carrier annuity platform, released the results of survey questions the company asked of the more than 2 million visitors to its site.
When asked how much money they would like to invest, 44 percent said between $100,000 and $249,000; 32 percent of the respondents said between $20,000 and $99,999 and 23 percent said $250,000 or more.
To the question of how many years would you like to invest, 44 percent of the survey takers said five years, 16 percent said 10 years, 15 percent said three years and 11 percent said seven years.
When asked what type of liquidity option they preferred, 43 percent said 10% free withdrawals, 37 percent wanted free withdrawals of interest and 19 percent said no liquidity.
More than 56 percent of the respondents were over the age of 65 while 31 percent were between the ages of 55 and 64. No one under the age of 45 responded to the survey.
My Annuity Store sent an automated email response to everyone who requested an annuity quote. The email included a brief, optional survey to help My Annuity Store provide annuity options that would best meet their visitors’ goals and objectives. More than 3,600 site visitors responded to the survey.
“Our mission is to provide every American access to independent, unbiased and transparent annuity information,” said Jason Caudill, the President of My Annuity Store. “A lack of access to fixed annuity solutions and information have hindered the widespread adoption of these products in the United States. As volatility and uncertainty begin to creep back into the markets, the guarantees that only these products can provide are only going to increase.”
For more information about My Annuity Store, to learn more about annuities and shop annuity rates, visit myannuitystore.com.
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Contact Info:
Name: Media Relations
Email: Send Email
Organization: My Annuity Store
Website: http://www.myannuitystore.com
Release ID: 89096488
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