Single Annuity
Single Life Annuities
A single life annuity is a regular income paid in exchange for a lump sum, usually the result of years of investing in an approved, tax-efficient pension scheme.
The income will be paid throughout your life only.
When you die the income will cease.
If you're in a relationship where you're financially dependent on each other, you should consider choosing a joint life annuity which continues to pay an income to your spouse or partner, in the event that you die first.
For a no obligation consultation on whether a single life annuity may be the right vehicle to fund your retirement please speak with one of the independent annuity advisors from our partner's annuity advice team.
ABOUT TRUST ONLINE