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 Explain |
Level guaranteed 5 years Explain |
Escalating 5% p.a. compound without guarantee Explain |
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.
Best Buy Annuity: WOMAN aged 65
Best Buy Annuity: Smoker WOMAN