A Pension Annuity provides you with a guaranteed income for the rest of your life. It is bought using money from your pension fund and is a low risk option. You may be entitled to a higher income depending on certain health or lifestyle conditions. You can buy a Pension Annuity with Aviva providing you have at least £10,000 remaining after any tax free cash is taken and any adviser charge is paid.
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.
If you don't have a financial adviser you can find one near you at www.unbiased.co.uk.
Find out how much income you could get from your pension fund and understand the different annuity options available with our Retirement Income Calculator. Remember to include any lifestyle or medical conditions - you could qualify for higher income.
Already decided that a Pension Annuity is right for you? If you don't have any lifestyle or medical conditions to tell us about, use our handy Quick Quote Tool to find out instantly how much income you could get.
If our Pension Annuity seems right for you, or for further information, call us on 0800 068 3038 *. If you have an Independent Financial Adviser please contact them directly.
Lines are open Monday to Friday 8.30am - 7.00pm, Saturday 9.00am - 5.00pm. Calls may be recorded and/or monitored
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
Register for our new online service where you can securely access details of your existing policy.