Test Slide Show
Author
Patrick T. Leary, MBA, LLIF
Corporate Vice President Workplace Benefits Research
LIMRA and LOMA
Based on 1,237 non-retired workers aged 40 to 69 years old and currently contributing to a DC plan. Full question wording: “Suppose you could build guaranteed lifetime income for retirement by investing all or part of your contributions in an investment option, with an additional cost, that is part of a retirement savings plan offered by your employer. How likely would you be to select this option today?” Source: 2023 Retirement Investors Survey, LIMRA 2023.
Based on 848 non-retired workers currently contributing to a DC plan who are “very likely” or “somewhat likely” to select an in-plan guaranteed income investment option. Multiple responses allowed. Twenty-four percent of respondents said that they were not familiar enough with the investment to answer the question. Source: 2023 Retirement Investors Survey, LIMRA 202
Filter the data in this chart by clicking on a color bar in the chart legend, which will remove the data point you are clicking on.
Source: 2023 Insurance Barometer Study. LIMRA and Life Happens