The report additionally shed gentle on retirement readiness and longevity danger, each of that are areas the place insurance coverage can play a pivotal position. Greater than 90% of respondents mentioned retirement financial savings have been crucial, but 26% anticipated by no means to completely retire — an indicator that many are unprepared for revenue wants later in life. Annuities, long-term care insurance coverage, and different revenue safety merchandise could due to this fact change into more and more related in addressing these gaps.
