Hodge Lifetime
Guaranteed Pension Annuity
Providing a guaranteed income for life
The Hodge Lifetime Guaranteed Pension Annuity provides clients with a fixed guaranteed regular income for life.
Before designing our Guaranteed Pension Annuity we took a close look at what other companies were doing. Instead of following suit and producing a complicated range of annuities we decided to go back to basics.
From experience we know that the more complicated the product, the more it costs. That’s why we have chosen to keep our Guaranteed Pension Annuity simple.
As with all our products, our Guaranteed Pension Annuity is available exlusively through intermediaries however, please note in order to transact business an agency is required.
For further details please contact us at annuities@hodgelifetime.com or call 0800 731 4076.
Product specification - at a glance
| Age | Min:50 1 Max:75 |
|---|---|
| Residency | Permanent UK residents only (excluding the Channel Islands and Isle of Man) |
| Application basis | Single, Joint 2 |
| Purchase price | Min: £10,000 Max: £100,000 |
| Escalation rate | Level |
| Guarantee period | 5 or 10 years (Paid as continuing income, or equivalent discounted lump sum, without overlap) |
| Spouse’s pension | Half, two-thirds or full |
| Commission | 1.5% typical |
| Impaired life | No |
| Enhanced/lifestyle | No |
| Protected rights | No |
| Payment | Monthly, quarterly, half-yearly or annually (in advance or arrears) |
1 Minimum age of 50 applicable until April 2010, at which time the minimum pension age will be increased to 55
2 In joint life cases the spouse/civil partner/life partner must be named at application
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Find out more about
Hodge Lifetime by calling our
Broker Support Unit on:
0800 731 4076
