Who is considered a "senior consumer" in regards to annuity investments?

The designation of a "senior consumer" in relation to annuity investments typically refers to individuals aged 65 or older. This classification is significant as it recognizes that older adults are often more vulnerable and may require additional protections and considerations when making financial decisions, particularly those involving annuities, which can be complex financial products.

Regulatory guidelines and best practices are often put in place to safeguard the interests of these senior consumers, ensuring they have access to appropriate financial advice and that their specific needs are taken into account. This demographic may face different financial circumstances and risks, including issues related to longevity and healthcare costs, which are not as prominent for younger investors.

In contrast, the other age ranges presented do not align with the commonly accepted definition used in regulatory contexts and consumer protection laws. Therefore, the identification of individuals aged 65 and older as "senior consumers" accurately reflects their status and vulnerability in the context of annuity investments.