Most Americans want their retirement income to behave like their employment income, according to a recent survey.

Following a study by Minneapolis-based Allianz Life Insurance Company of North America that showed that approximately half of Americans are very concerned or terrified about the impact of inflation on their retirement, the company has released new data showing investor demand for products that will grow their income over time.

In the Allianz Life 2016 Inflation Study, eight in 10 respondents were interested in products that offer income for life, but even more, 86 percent, expressed interest in products that guaranteed income and also offered the opportunity to increase income over time.

Allianz equated the respondents’ retirement income expectations with their experiences in the workforce -- two-thirds of the participants (67 percent) said they received pay raises in at least half of their working years, and over half said they would worry about paying everyday expenses with no increases in annual salaries.

“Our study revealed that many people depend on an annual pay raise to cover various increasing expenses and even build long-term savings,” said Katie Libbe, Allianz Life vice president of consumer insights, in a statement. “Consumers facing retirement will need to explore options that create a similar income strategy by using a portion of their portfolio to obtain guaranteed income for life with the chance for increases.”

Allianz claims that fixed indexed annuities generally increase clients’ retirement income over time and can be used for clients anxious about inflation.

However, the utility of such advice is unclear as fixed indexed annuities are among the products that fall under the Department of Labor fiduciary rule’s best interest contract exemption, holding advisors to higher compliance standards and potentially exposing them to litigation. The DOL’s rule goes into effect in 2017.

When presented with two guaranteed income options, one that offers a higher income rate with no opportunity to increase over time, and another that starts with a lower income rate but does offer the possibility for increases, most respondents, 77 percent, preferred the increasing income option.

Half of the survey participants felt that it was “very” or “extremely” important for products to offer the potential for income increases over time.

For the study, Ipsos surveyed 1,005 U.S. adults over the age of 18 online during March 2016.