Frequently Asked Questions
Ask us a question
You asked: What types of annuity are available from Aviva?
There are a number of annuities available to you. At Aviva, we offer a range of annuities that you can tailor to suit your personal circumstances.
- Pension Annuity: This is the most common type of annuity, as it's low risk, it's guaranteed and it will pay you an income for the rest of your life.
- Pension Annuity with enhanced benefits: This type of annuity is the same as our Pension Annuity but it can pay a higher income if you and/or your dependant qualify on lifestyle grounds or have (or have previously suffered from) certain medical conditions.
- With Profits Pension Annuity: This type of annuity allows you to link your income to the performance of our With-Profit Fund. It's a higher risk than a conventional Pension Annuity but it gives you the potential for your income to grow. You need to remember that because your money is invested in the With-Profit Fund your income could also go down.
- Immediate Life Annuity: This type of annuity is purchased with money from sources other than the taxable part of your pension fund, such as investments, savings and tax-free cash from your pension fund. It is a low risk option and will guarantee an income for the rest of your life.
Take a look at Annuities for more information.
Did this answer your question?
Answers others found useful
Browse our FAQs by topic