The longevity annuity (otherwise known as deferred income annuity or DIA) is like a pension you can buy for yourself from an insurance company using your pre-tax or post-tax retirement savings, generating a guaranteed income that lasts as long as you do. It’s a great way to diversify your portfolio, and make sure that all, or most, of your basic retirement expenses will be covered for as long as you live. But, we choose to act as a fiduciary and we’ll never suggest you a buy a product that isn’t right for you. After years of working with clients, we’ve built an easy checklist so you can know if a longevity annuity is a good fit for you:
Sometimes it’s easier to see what you are instead of what you aren’t. If you can check off these boxes, a longevity annuity is probably not a good fit for you:
This checklist is a good outline, but we know that it’s sometimes easier to sort through the specifics of your financial future with someone over email or phone. We’re always here to help! You can contact us at [email protected].
Your personal attributes and the extra features you choose to customize your longevity annuity with will affect the income you can generate. We’ve broken down how each option will affect your rates.
There are many features you can add to your longevity annuity so it properly fits your needs. We’ve broken down the options you can select to customize your longevity annuity.
You can retire easy and secure with a private pension (Personal Pension) because our Personal Pension is backed by a highly-rated insurance company that guarantees for every dollar you contribute, you will receive a certain amount of income every month starting when you retire.