The marketing team at Secure has most likely targeted the plan to Baby Boomers.
According to Section 3(a)(55)(A) of the Securities Exchange Act of 1934, a "Security Future" is a contract of sale for the future delivery of a single security or of a narrow-based security index, including any interest therein or based on the value thereof.
The Trans america Center for Retirement Studies estimates that the average Baby Boomer has $202,000 saved for retirement. This would result in an annual retirement income of $8,000 based on the 4 percent Rule.
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