Re: Impaired Life Annuities


"Pat Gardiner" <patgardiner@xxxxxxxxxxxxxx> wrote in message
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"Jonathan Bryce" <jonathan@xxxxxxxxxxxxxxxxxxxxx> wrote in message
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Pat Gardiner wrote:

The advice given to me recently on Capitals Gains was so helpful, that I
dare come back again with a different question.

I have a friend, who is approaching 65, let's call him "Bill."

Bill has a pension payable in September, actually from Axia, who do not
do
impaired life annuities. He is waiting for an estimate now of the lump
sum
due. His wife is almost exactly the same age. Everyone involved is
determined to refer him back to the original insurance agent, but Bill
is
an independent spirit that likes to do his own thing.

Can he get a joint life annuity-no reduction on first death?

The his wife will continue to get the same pension after he dies.

That sounds a good structure. I had not thought of that possibility. I'll
suggest that Bill puts it to his advisor.

Ta!

GPG



Yeah, but you get a reduced amount from day one. If Bill then dies shortly
after, you'd have bought a single life annuity at joint life rates. OK, the
wife will get the same as he does, but he gets a lot less in the first
place.

Rob


.

Relevant Pages

  • Re: Impaired Life Annuities
    ... Bill has a pension payable in September, actually from Axia, who do not ... impaired life annuities. ... Can he get a joint life annuity-no reduction on first death? ... The his wife will continue to get the same pension after he dies. ...
    (uk.business.accountancy)
  • Re: Impaired Life Annuities
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  • Re: Impaired Life Annuities
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