|
| Fund source - The funds for this annuity will come from either a pension fund or lump sum cash. |
|
| Income - Annuity income levels are guaranteed for the whole of your life unless there is an investment element where the income is variable. |
|
| Health - Poor or illness and impaired health such as diabetes, heat attacks, stroke or cancer attract higher annuity rates due to a lower life expectancy. |
|
|
| Standard - For the highest open market option conventional annuity, suitable for either single or joint life. |
|
| Smoker - Receive up to 20% more income if you've smoked 10 or more cigarettes a day for the past ten years. |
|
| Impaired - Significantly higher rates if you have suffered serious illnesses. |
|
| Diabetes - Pays an enhanced annuity rate due to diabetes poor health. |
|
| With profits - Higher risk with higher income possible and may be suitable if this is not your only pension. |
|
| Drawdown - Alternative to an annuity this pension is suitable if you are still working or have other sources of income and can accept a higher risk. |
|
| Purchased life - If you have a lump sum and want a guaranteed income for life or a specified term. |
|
| Immediate needs - Cap the total costs of long term care for an elderly relative entering a care home. |
|
|
|
|
|
