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Lifetime Annuity.
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Lifetime Annuity.
A

 lifetime annuity guarantees you a set income 

for your whole retirement. It’s the simplest and most popular retirement income product on the market.

Want to see how much more you could have in retirement?

How it works

Purchased using your pension fund, you’ll secure a level income for the rest of your life. This fixed income takes all the guesswork out of retirement.

Unlike other annuity products such as increasing or investment-linked annuities, your income never adjusts. Not even with inflation. Most lifetime annuities pay you a higher income from the start.

While this may seem troubling when you consider the cost of living tends to increase over time, it’s worth remembering most people’s spending needs reduce the older they get. Having more money at the start of retirement allows you to enjoy your free time even more.

Benefits of a Lifetime Annuity include:

  • Straightforward and easy to understand – one standard income for life
  • Minimal risk
  • Higher income from the outset than most other annuity products

What’s the catch?

Restrictions on a lifetime annuity include:

  • There’s no adjustment for inflation
  • Policy ends when you die – even if you’ve only just purchased the annuity
  • You’re unable to pass any remaining income to a beneficiary

Depending on your circumstances these restrictions could mean an alternative product is a better choice.

Annuities are the most popular retirement product for a reason. They provide security and peace of mind by guaranteeing you’ll never be left without an income.

Our free annuity calculator is one of the only ways you can get a live annuity quote online. In just five minutes you’ll know exactly what you’ll get in retirement.


Want to see how much more you could have in retirement?