You will have seen and heard a lot in the media about annuities over the last couple of years. In an effort to dispel some of the myths and hearsay, here are some of the facts.
An annuity is essentially a type of insurance product that, in exchange for some or all of your pension savings, guarantees to pay you an income for the rest of your life. There are a number of types of annuity products available, as well as a number of features and benefits that you can choose when taking one out, so it's important to think about what you might want from an annuity carefully.
Shopping around for the best level of income, as well as ensuring that any company takes into consideration how healthy (or not) you are is also very important. Your health and lifestyle can make a significant difference to the amount you could receive in retirement.
As part of the JRP Group plc, we offer individually underwritten annuities under the Just Retirement brand.
But to help you understand all of the options we've included information about other, different types of annuities too. And we've also included some helpful hints about what you need to know if you would like a guaranteed income for life.
Choosing an annuity
What you need to know when deciding if an annuity is for you
Different types available
More about the types of annuities that are available
When your pension income varies in line with the performance of stock markets
Lifetime standard annuities
When you want a secure guaranteed income for life
When you want a secured guaranteed income for life that reflects your health and lifestyle
More about the different options that are available to you
Buying an annuity
When and how to purchase an annuity
Our guaranteed lifetime income
All about our guaranteed lifetime income
Secondary annuity market
More about whether you can sell your annuity for cash