It goes without saying that COVID-19 has changed many facets of our world. We have all had to adjust and evolve the way we conduct our lives. One specific area that has seen perhaps the most volatility is in the financial sector. Consumers are feeling the effects both in their day-to-day personal financial picture as well as in their planning for the future. Many investors have agreed that COVID-19 has influenced the way they manage their finances and save for retirement, with the younger generations feeling the most impact. As you would expect, clients who originally had a more aggressive investment mindset have changed the most due to COVID-19, moving to a more conservative position.
North American Life recently published an article named “Covid-19 and your retirement” that shows what consumers are thinking about and how COVID-19 has impacted their finances. Their research shows that many consumers have a greater sense of uncertainty about the stock market, and a greater interest in a more conservative position that includes Fixed Indexed Annuities.
Feel free to contact me directly for a copy of this article and take a moment to see how your clients relate to this research; then give the experts at Wholehan Marketing a call to learn how can help make a fixed index annuity part of your clients’ financial profile.