Annuities — Who Buys

: The median age of current owners is 75 , though many purchased their first contract in their early 50s (average age 51).

An annuity may be a good fit if you fall into these categories: 5 Things You Should Know About Annuities - AARP who buys annuities

Annuities are primarily purchased by individuals seeking to secure guaranteed income for retirement. While often associated with the wealthy, recent data shows the majority of owners are with median household incomes around $79,000. Typical Buyer Profile : The median age of current owners is

Most annuity buyers share specific demographic and financial traits: who buys annuities