Your options explained
Key can help you make the right decision
There are many different options when it comes to purchasing your conventional annuity, also known as Compulsory Purchase Annuities (CPAs). That’s why it’s so important to speak to Key, who can provide all of the information and guidance you need to select the options which are right for you.
Here are just some of the options available from a conventional annuity:
- Level annuity: Your income will stay the same each year irrespective of inflation.
- Escalating annuity: This can either match inflation for the rest of your life or rise by a specific percentage each year.
- Guaranteed annuity: This will continue to pay out for a set number of years (typically 5 or 10) to a nominated individual if you die during the nominated period.
- Joint-life annuity: A joint life annuity gives your spouse some or all of the income if they outlive you.
Key will help you find the best annuity option by providing comprehensive information on all the pro’s and con’s of each option – and the best part is that we do all this free of charge to you, as we receive payment from your chosen pension provider.
Find out more about the benefits of choosing Key by reading ‘Why Use Key?’
Find out if you could increase your monthly pension income with our annuity calculator. Try it today!