William Burrows

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Post Info TOPIC: Does my annuity die with me?


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Does my annuity die with me?
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I am thinking about buying an annuity but am worried when I die my children will get nothing



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Billy

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If you purchase an annuity without a guarantee or joint life option it will stop paying when you die

However most people have an option that protects from early death - this can be a guarantee period or joint life annuity. See www.williamburrows.co.uk/retirement/annuity/annuity-options for an explanation

With a joint life annuity, the income will continue to your spouse / partner if you predecease them

The cost (reduction in income) of a guarantee or joint life option may be less than you think - check out the rates at www.williamburrows.co.uk/toolbox/annuity-tables/


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