Lifetime Annuities
A lifetime annuity provides you with a secure and regular income, in exchange for your saved pension fund for the rest of your life.
The income you receive is based on annuity rates at the time of purchase and on the competitiveness of the insurance company you are buying from. You can choose an annuity which provides a fixed income, or one which starts off lower but rises annually in line with inflation. You also have to option of either selecting a single life option - a pension that pays an income - but stops when you die, or a joint life option that will go on to pay an income to a partner if needed.
Find out more about annuities.
Why choose a lifetime annuity?
- Financial stability – your income is guaranteed for life, even if the stock market or the economy falters.
- Flexibility – you can mix and match a lifetime annuity with a fixed-term annuity, providing a regular income for life combined with the option of flexibility.
- Death Benefits – you can choose to build in protection for your partner by ensuring they receive an income if you die.
Suitable for:
Someone who wants to secure their retirement income and not have to worry about it again in the future.
It can also meet the financial needs of a partner on death too.
The benefits of choosing a lifetime annuity are:
- Income security – a regular income which is guaranteed until you die
- Inflation proofing – you can opt for your pension income to rise in line with inflation.
- Death benefits – lifetime annuities offer a range of flexible death benefit options
There are no charges for using TQ Invest to help you shop around annuity providers to find the highest income. Whichever company you choose to buy your annuity from, TQ Invest will organise the necessary paperwork on your behalf, making the process simple and easy.
Up to 20% Extra - TQ Invest can increase your retirement income by thousands of pounds by shopping around annuity providers on your behalf.
- You need to think carefully before purchasing a lifetime annuity and be confident it is the most suitable way for you to take your retirement income. If you are unsure, call the TQ Invest team and they can talk you through your options. The income you receive is set, unless you opt for an inflation-linked annuity which will rise annually with the cost of living. You need to be sure you don't want the flexibility to change the way you take your income further into your retirement.
- Your pension dies with you, unless you choose to build in death benefits for a partner to continue to provide them with an income. This means that there will be no 'inheritance' from your pension, irrespective of when you die.
Choose TQ Invest to buy your Lifetime Annuity because:
- We search the annuity market for you and could get you up to 20% extra income in retirement
- There is no fee to use the TQ Invest Annuity Service, either to get a quote or for us to handle the administration of your annuity
- You can get an annuity quote over the phone within a few minutes
- Our helpful and knowledgeable staff can guide you through the process
- We will organise and process all the paperwork for you
To find out what TQ Invest can offer you, get a quote
Next steps
- Call us on
0800 294 7221 - Our team will provide quotes from the whole of the annuity market.
- When you are ready we will process the application for you - it's as easy as that!
Other annuity options available to you:
Impaired/Enhanced Annuity
Ideal if you have suffered with illness or you have certain habits, such as smoking.
Our trusted providers
We choose providers we believe provide the best value. Here are some of our trusted providers:
Need help?
Call our team at TQ Invest on 0800 294 7221 to discuss your options or read some of the annuity FAQs.