Simple basic introduction to annuities

In very simple terms, an annuity is a contract between you and the annuity provider, typically an insurance company.
You pay the insurance company a lump sum of money and in return it agrees to pay you an agreed level of income for an agreed period of time. The period of time could be a fixed period or for the rest of your life.

There are various factors that determine the level of income that the insurance company is prepared to pay you through the annuity. The factors and the weightings applied to them vary between insurance companies

There are different options a client can choose when purchasing an annuity. For example, whether the level of income is to increase or whether a level of income should continue to a spouse or dependent should you die. The various options come at different costs.

Please contact Annuity Arrow for one of our qualified advisors to assess your circumstance and discuss your retirement options.

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