Even though 80% of Americans aged 44 to 75 said they would choose a product with a 4% return and a guarantee against losing its value, over a fund aiming for an 8% return but subject to market risk—54% said they would not select an annuity.

This is one of the puzzling findings of a survey of 3,200 people that Allianz Life Insurance Company of North America recently conducted.

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