An Immediate Life Annuity is a retirement income plan that can be bought with your own money from non-pension sources. It can be bought with savings, investments, inheritance or the tax free cash lump sum from a pension fund. This annuity can provide you with a tax efficient, additional income from the age of 55. It provides you with a guaranteed income for the rest of your life and can be seen as a low risk choice.
What happens to your annuity when you die?
If you die within the first 90 days of the date your plan starts, and any dependant named on the policy dies before you, Value Protection will apply and a lump sum will be payable to your estate.
If you die after 90 days but within your guarantee period, payments will continue until the end of the guarantee period. These will be paid to your estate or dependant on the policy.
If you have chosen for an income to be paid to a dependant and they are still alive, agreed payments will be made to them.
Please see your terms and conditions or contact your financial adviser for further information and exclusions which may apply to the above.
You can only invest in an Immediate Life Annuity through a financial adviser. If you don't have an adviser you can find one in your local area by going to www.unbiased.co.uk.
For new policy enquiries or information on our products please call
0800 068 3038
For our joint protection, telephone calls may be recorded and/or monitored.
Or, arrange for us to call you back at a convenient time.
If you are an existing Annuities customer, please call
0800 068 6800
For our joint protection, telephone calls may be recorded and/or monitored
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