Buying A Pension Annuity -

: Provides a guaranteed income for the remainder of your life, no matter how long you live.

: Continues to pay a portion of the income to a partner or beneficiary after your death. buying a pension annuity

: In return, the insurer provides regular payments that act like a salary during retirement. : Provides a guaranteed income for the remainder

: Offers higher income if you have certain medical conditions or lifestyle factors (e.g., smoking) that may shorten life expectancy. buying a pension annuity

: Pays an income for a specific number of years rather than for life.

: Increases each year, either by a fixed percentage or in line with inflation, to protect your purchasing power. Key Considerations Before Purchasing Consumer's Guide to Understanding Annuities