: Continues to pay a portion of the income to a partner or beneficiary after your death.
Current annuity rates (which recently reached an 18-year high due to rising gilt yields). Your age and health status. Common Types of Annuities buying a pension annuity
: Offers higher income if you have certain medical conditions or lifestyle factors (e.g., smoking) that may shorten life expectancy. : Continues to pay a portion of the
: Pays an income for a specific number of years rather than for life. buying a pension annuity
: Provides a guaranteed income for the remainder of your life, no matter how long you live.
: The amount you receive depends on several factors: The total size of your pension pot.