Insights | 10.27.20
Gen X Amenable to In-Plan Guarantees
A new study from Allianz Life found that retirement plan participants, particularly Generation Xers, are increasingly interested in guaranteed retirement income options. Members of Generation X are beginning to realize that retirement is fast approaching and that they might not be as prepared as they should be, said Matt Gray, assistant vice president of worksite solutions at Allianz Life Insurance Co. of North America . Among all age groups, 71 percent of participants in retirement plans would like an option that offers guaranteed income for life. This jumps to 75 percent for Gen Xers, but declines to 67 percent for Millennials.
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