America’s Boomers are facing a delayed retirement, in part because many long-term investments plummeted in value during the downturn. As The Wall Street Journal recently reported, a Conference Board study found that nearly two-thirds of Americans aged 45 to 60 are intending to put off retirement, up from 42 percent two years ago. Annuity.com taps into these financial-planning anxieties to sell this generation on fixed annuities.
In a commercial, the annuity check is represented by a safe, carried by a man clad in black suit and black shades. He follows the check’s recipients from supermarket to sauna to doctor’s office and beach—he’s always there. The voiceover explains the benefits of an annuity, assuring that “best of all, your money’s not at risk from the ups and downs of the stock market, and that means you won’t have to put off your retirement.”
Last year we wrote about how Prudential is targeting this cohort, by confronting head-on the hard realities they’re facing. Watch for more marketers to addresses the anxiety felt by most Americans when it comes to retirement.