What is an annuity?

Asked by amrheinha

1 Answer

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Answered by Paul Richardson, IFA in Wotton under Edge, GLOUCESTERSHIRE
An annuity is an income for life - you would pay a lump sum over to an insurance company and they will pay you an income for the rest of your life.

There are many variables with an annuity - but once set up you can not get out of the contract.

http://www.conceptfinancialplanning.co.uk/docs/Options-at-Retirement.pdf

Have a look at the above for a guide on options at retirement | 10.14.12 @ 16:14
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$commenter.renderDisplayableName() — {comment} | 09.22.17 @ 09:56
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Answered by

Paul Richardson
Paul Richardson, IFA in Wotton under Edge, GLOUCESTERSHIRE

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