Annuities are seen as the best solution to soaring longevity

12/2/2013 | National Underwriter Life & Health

Many retirement industry professionals say that with longevity steadily increasing annuity products offer the best protection against running out of money in retirement, but that the sheer complexity of what is being offered is creating negative attitudes among the public. Christopher Hale, director of retirement at Schechter Wealth Strategies, says offering prospects simpler annuities products is the best way to overcome skepticism. "I learned a long time ago that if I do not understand a product because there are too many bells and whistles, there is no way I can expect to be able to explain it adequately to a client," he notes.

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