Immediate annuities
Immediate annuities can provide dependable security through a stream of income payments that will continue for the rest of your life, or for a specified number of years. There are two types of immediate annuities:
1. lifetime annuities – this form of investment lets you invest money and receive a regular income for the rest of your life
2. guaranteed fixed term annuities – provides you with regular income payments for a fixed period of time.
Immediate annuities are not as flexible as other retirement income products as once the contract is set it cannot be altered. They are however a very secure investment and for many people provide significant tax and social security advantages.
If you are looking for an immediate annuity for yourself, or for both you and your partner, contact us today for further advice.