Annuities
Our easy-to-use interface lets you rapidly obtain quotes
on generic funds for Annuities.
An annuity is a contract between an insurance company
and a pension scheme member under which the member hands over
all or part of their pension fund to the insurance company
which agrees to pay out an income to the scheme member for
the remainder of that person's life. The annuity would normally
be paid monthly, quarterly, half-yearly or annually.
The amount of the annuity may stay the same throughout the
years of payment or may have automatic annual increases built
in. These increases may be at a fixed rate, e.g. 3% per year,
or the rate of increase may vary, e.g. with the annual change
in the Retail Price Index.
The annuity can be set up so that all or part of it reverts
to your spouse or partner in the event of your death. Also
they can be set up so that they are payable for a minimum
period, say 5 or 10 years, even if you die before that period
ends.
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