Annuity Options


A single life annuity pays the highest income but stops on your death. If you are married consider the joint life option because if you die first your pension will continue to your spouse at the percentage selected


Most annuities are guaranteed for 5 years, but 10 years is often used instead of a joint life annuity


It is natural to want the highest income initially, but it is important to consider a rising income to protect your income from the effects of inflation


Open Market Option