A Lifetime or ‘Conventional Annuity‘ is calculated for you personally, at a fixed rate. However it is possible for you to add extra benefits to the plan.
- Income for Spouse or Civil Partner
- Increase payments by inflation or by fixed amount
- Guaranteed minimum period (eg, 5 – 10 yrs)
- Protect capital with Annuity Protection
- Link to returns on investment – With Profit and Investment Linked Annuities
- Enhanced Annuities and Impaired Annuities.
NOTE – Any additional benefits will incur extra costs which will effect your level of income.