Best Buy Annuities Joint Life

Best Buy Joint Life Annuities

(What’s an annuity?)

Purchase price per £50k joint-life last survivor for a Man aged 65 and a Woman aged 60

This annuity is taken out by a couple and works as follows: When the first person dies the income passes to the survivor. When that survivor dies the annuity ends.

The figures below show what each £50,000 in your pension pot will buy you. So if you have £100,000 in your pension fund you can multiply the figures below by 2. This will demonstrate what your yearly pension payment would be.

Provider Level without guarantee
Level guaranteed 5 years
Escalating 5% p.a. compound without guarantee
More Info
Legal & General £2055.72 p.a £2055.72 p.a £922.80 p.a Will I Get this Rate?
Canada Life £2033.28 p.a £2033.28 p.a £849.84 p.a Will I Get this Rate?
Aviva £2028.37 p.a £2028.37 p.a £858.58 p.a Will I Get this Rate?
Hodge Lifetime £2022.00 p.a £2022.00 p.a Will I Get this Rate?
Just £1917.48 p.a £1917.48 p.a £784.92 p.a Will I Get this Rate?

Date updated: Timestamp 2019-05-17 (YYYY-MM-DD)

Please note that while care has been taken to make sure the information displayed is correct, you must always confirm it yourself. Moneysorter Ltd cannot accept any liability.

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Level without guarantee

This means that the income payments provided remain constant throughout the beneficiaries life.

Level guaranteed 5 years

This means that the income payments remain the same each year. But if the beneficiary dies within five years they are guaranteed to be paid for a minimum of five years. Whatever is due would be paid over to the heirs of the recipient.

Escalating 5% p.a. without guarantee

The income payments increase each year by 5% – ie so as not to lose value against inflation. However they stop being paid if the beneficiary dies ie the next of kin doesn’t get anything further.


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