Annuities
An annuity uses your clients' pension funds to provide an income for the rest of their lives.
Our Annuities
We offer two types of annuity that can be bought with your clients' pension funds - an enhanced Pension Annuity and a Pension Income Plus Annuity.
An annuity purchase is a one off decision, with only one opportunity to get it right. Your client cannot normally change the basis of their annuity, cash it in or transfer it at any time.
Our annuity offers personalised rates based on lifestyle and medical history. Because some people will have a lower than average life expectancy, we are able to offer them higher levels of income than most standard rate conventional annuity providers.
This provides your client with a guaranteed minimum income for the rest of their life. Your client's pension fund is invested in our with-profits fund with the aim of increasing your client's income in the future. The income is linked to the returns of the with-profits fund which means that the level of income could fall or rise.
Enhancements
Our annuities offer higher levels of income for a wide range of health and lifestyle conditions, from diabetes and smoking through to cancer.
In some cases an enhanced annuity could provide significantly more income than a conventional annuity.
For over 15 years we've been at the forefront of the Enhanced Annuity market under the LV=, Tomorrow and GE Life brands and we were the very first provider to launch smoker rates in 1995 and our special rates the year after.
Value Protection
We also offer a Value Protection option on our annuities which gives clients the opportunity to protect part or all of their annuity fund when they die. The amount paid out is subject to a tax charge of 55%.
We look forward to working with you to make sure that you have everything you need to help your clients make the best decision.