Annuity Purchase
Annuity Purchase
Annuity Purchase
Annuity Purchase involves buying a traditional form of pension income which can provide guarantees for life. There is usually flexibility to have a single life annuity or to include a survivor's pension if required. The pension income can also be provided on a level basis or with escalating benefits for those who need protection against the effects of inflation. This type of retirement income usually appeals to those who like the idea of a stable risk-free income although some of the modern annuity products offer the chance to have income linked to inevstment performance for those who wish to introduce some risk element to their pension provision.