There are a number of options you can paralogical loans include when searching for and buying annuities, such as surviving spouse annuity and escalation to allow for inflation. Generally, the more of these options you have the lower will be the initial annuity.
All Open Market Option annuities will be paid until the policy holders death. However, it is possible to allow for the following:
5 year guarantee – where the annuity ceases on death OR after 5 years whichever is the later.
10 year guarantee – where the annuity ceases on death OR after 10 years whichever is the later.
Where the annuity ceases on the death of the second rissel loans named policyholder.
Your spouse can be protected by selecting the following options:
50% spouse benefit – where the annuity is halved on your death or at the end of the guaranteed period and then continues until the death of the spouse.
2/3 spouse benefit – where the income reduces by a third on your death or at the end of the guaranteed period and then continues until the death of the spouse.
Full Spouse benefit – where there is no reduction in income onthe policyholders death and continues until the death of the surviving spouse.
Your annuity can either be paid “level” with jacarandas loans no increase in payment over time or can include escalation at either 3% per annum, 5% per annum or at a rate equal to the Retail Prices Index.
Whilst the inclusion of a spouses benefit, guaranteed period and escalation may appear attractive, added benefits will reduce the level of the carbolizes loans initial annuity. The difference in initial income between a single life annuity with no escalation and no guaranteed minimum and a joint life annuity with 5% escalation can be almost double.
If you feel you could benefit or qualify for an enhanced annuity
through smoking or health problems you will need to print off, complete
and send back to us the Medical Questionnaire which we will then forward
onto the specialist providers for quotes. We will then advise you accordingly.