What’s a guaranteed annuity?

 

This is a time period within which your annuity will continue to be paid, even if you die and it will ensure that your surviving family would continue to benefit from your pension. So a 5 year guaranteed period will ensure 5 years’ worth of annuity payments. After the guaranteed period ends, the annuity will still continue to be paid until the annuitant dies. The maximum guaranteed period is 10 years.

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