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Both Plan Sponsors and Participants Show Strong Interest in Guaranteed Lifetime Income Options
Allianz Life Insurance Company of North America 
Oct. 11, 2021 "73% of employer-sponsored participants would consider an option that offers guaranteed income for life in their plan if available. 64% of employer-sponsored plan participants stated that market volatility caused by COVID-19 has increased their interest in adding an option that offers lifetime income into their plan. 77% said providing an option for lifetime income within their plan would demonstrate their employer has a vested interest in their retirement readiness and wellbeing, and 65% said this option would increase their loyalty to their employer." |
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