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Why People Buy Annuities: LIMRA Research that Examines the Motivations (PDF)
InsuranceNewsNet.com 
July 17, 2012
"Today, $400 billion is waiting to be rolled over from retirement funds. By 2015, that's expected to grow by 50 percent to $600 billion. A majority of those pension, IRA and 401(k) owners are not secure that their dollars will last their lifetime ... [A]fter planning and buying annuities, buyers were more confident about their retirement.... Buyers average around 60 years old -- 59 for [variable annuities], 60 for traditional fixed and 61 for indexed.... [A]bout one in four buyers were under 50 when they purchased their annuity."
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