I have a link below from the SSA with some interesting numbers. America's Baby Boomers are now retiring at a rate of 10,000 per day! This is a huge opportunity for all Insurance Agents nationally to assist these retires with retirement plans. A fixed annuity with an income rider that would allow the investor to never out live their monthly income needs may be a necessity for a portion of the baby boomers retirement plans. I feel that we all need to start retirement planning as early as the age of 40-45. Therefore, the accumulation phase, will allow us to have enough money at age 65 to kick in an income stream that we will not outlive. In my opinion one of the best benefits of the latest phase of annuities are the income riders that are available. At Global Insurance Group, we have been marketing to the younger "baby boomers" & even the families in the 40 year age bracket. With the challenging economy that our country now faces, guarantees within an annuity contract are extremely precious for the consumer. Please get familiar with "income riders". The riders are changing on a monthly basis. The benefits of these contracts are guaranteed by the financial stability & claims paying ability of the issuing insurance company.
http://www.ssa.gov/pressoffice/pr/babyboomerfiles-pr.htm