The links below are a repeat of the links available in the menu system above and are for the benefit of visually disabled people using speech reader computer equipment.

about the pension annuity service
additional benefits
alternative flexible annuities
annuity income frequency
annuity alternatives explained
annuity - economic conditions
annuity factors explained
annuity guide book
annuity quotes
annuity rate
annuity terms offered by provider
annuity - the effect of timing issues
annuity types explained
are you retiring soon?
contacting PAAS
conventional annuities
costs of using retirement advice service
escalating annuities
five year rolling annuities
flexible annuities
getting started
getting the most out
impaired life annuities
income drawdown
index - home page
inflation - the effects on your annuity
investment linked annuities
lifestyle enhanced annuities
open market option
our advice service
our credentials
partners pension
payment guarantee period
pension annuity questions
pension options
pension simplification
pensions act 2004
phased retirement
protected rights
purchased life annuities
retiree age and gender
retiree health
retirement annuity terminology
self invested annuities
staying working whilst drawing pension
tax free cash
testimonials
unit linked annuities
with or without proportion
with-profits annuities
your pension explained

Link to parent company website, Richmond Independent

Affecting factors > age & gender

The amount of income that you will receive from your annuity is governed by your current age, gender, health, and any other factor that will ultimately affect your life expectancy.

The older you are now, the less time you have to live (based on statistical information) and as a result, the annuity rate offered to you should be higher because the insurance company providing the annuity will have to make fewer payments to you. Women live longer than men, men therefore receive higher annuity rates than women of the same age. Your lifestyle and therefore health will also have an effect on your life expectancy and consequently the annuity rate will vary accordingly.

Generally, the older you are, the better the annuity rate should be that your receive (although it is interesting to note that, the older you are – the greater your life expectancy becomes – again based on statistical information).

 

Your Annuity

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PAAS

The Pension Annuity Advisory Service is a trading style of Richmond Independent, which is an appointed representative of John Ellis IFA Ltd which is authorised and regulated by the FSA