With profits annuities combine the advantages of an income for life with the advantages of investing in a fund that invests in a range of fixed interest, property and equities. Income from a with-profits annuity is not guaranteed, but policyholders will benefit from any future profits, or share in any of the losses in the with profit fund. This means that your income may fall as well as rise, so they are only suitable for people who can afford to take this risk. With-profits annuities have the normal annuity options, namely single or joint life, and a choice of guaranteed periods and payment frequencies.
With-profits annuities are more complex products, but provide investors with the potential for income growth if they are prepared to shoulder the additional risks. For further information contact a specialist annuity adviser.
If you can answer Yes to the following questions you may qualify for better annuity rates.
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