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Our lifetime annuity uses the money saved in your pension plan to give you a guaranteed, regular income for life. You can also choose to provide an income for your chosen beneficiary(ies), like a spouse or partner.
Once you’ve set up your policy, you can’t revise or cancel it so we recommend that you seek professional advice before you apply.
Just so you’re aware, we’re unable to change the terms of your annuity policy once we’ve set it up. Your income will stop when you die unless you opt to include death benefits. Inflation will reduce the spending power of your income, especially if you haven’t chosen a rising income. The value of your investment can go down as well as up and you may get back less than you invest. Tax rules depend on the type of investment and individual circumstances and may change. Other annuity providers may provide you with a better outcome.
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