The importance of financial literacy
Financial literacy is all about learning key aspects of financial health and how to establish and maintain healthy financial habits. In a recent LIMRA study, consumers were evaluated on their financial literacy by using 10 fundamental questions on financial concepts. The average score was 4.2 out of 10. Additionally, “more than 1 in 3 consumers performed poorly on the financial literacy quiz, underscoring the urgent need for greater education and awareness in this realm.â€1 Understanding what financial literacy is and applying it to your money goals is important, not only for the present, but also for the future. At °µÍø½ûÇø, we are committed to going above and beyond – so when it comes to your financial future, the impossible feels possible. One way to elevate your financial future could be with an annuity.
An annuity is a financial product that’s designed to protect and grow your money, and then provide a stream of guaranteed income. , the status quo isn't a status we ever want. We'll always be in pursuit of better.
According to a recent study, “30% of consumers admit they lack familiarity with annuities.â€2 It’s important to consider your financial goals and how they play into your overall financial plan. Annuities can play a major role in your financial future by providing protection and growth, tax deferral and guaranteed income. At °µÍø½ûÇø, to help meet your unique financial needs.
Talk to your financial professional to find out how an annuity could fit into your portfolio! Or, head to our to learn more.
1 LIMRA.com
2 LOMA.org
This content does not apply in the state of New York.
Not a bank or credit union deposit or obligation – Not FDIC or NCUA-Insured – Not insured by any federal government agency – May lose value – Not guaranteed by any bank or credit union
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