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Protecting your annuity

Call us for a free chat on 0800 032 9301

Lines open: 8.30am to 6pm Monday to Friday

Secure the value of your pension or ensure income for a beneficiary

If you die, normally your annuity payments will stop and the pension fund used to buy your annuity will be lost.

However there are a number of options you can take to ensure a beneficiary can still benefit from your pension savings or annuity income.

Value protection

Value protection allows you to protect all or part of the fund used to buy your annuity, paying a lump sum outside of your estate. Find out more about value protection

Guarantee periods

Taking the option of a guaranteed period means you can protect your annuity for a specific number of years and your income will still be paid even if you die before the specified period is up. Selecting a guarantee period will provide a slightly lower level of income, but it guarantees that your estate continues to receive the income.

Joint life annuities

A Joint Life annuity will pay you an income for the rest of your life. It will then go on to pay an income to your spouse, civil partner, or chosen beneficiary for the rest of their life after you die. A beneficiary is someone who is either married to you (including civil partners), your chosen beneficiary or someone who is financially dependent, or dependent due to disability, on you at the date of your death.

Have a commitment free chat with a Pension Specialist

Call us on 0800 032 9301

TextDirect: First dial 18001

Lines open: 9am to 6pm Monday to Friday. We may record and/or monitor calls for training and audit purposes.

Start your conversation with a pension specialist today by telling us about:

  • Your current pension pots
  • Any contributions you're making
  • How much you've already saved