Non profit annuity

A non profit annuity can normally be bought with the proceeds from a UK registered pension scheme. It will pay the annuitant a guaranteed regular income for the remainder of their life.

The annuitant can normally choose from a range of options available from outset to determine when and how much they will be paid.

As the average life expectancy of annuitants continues to increase, the longer they may have to rely upon their income in retirement. To see the possible effects inflation may have on an estimated income from an annuity paying a level income and one increasing by 3% each year, click on Legal & General Inflation Demonstrator (XLS - 107 KB)

Supporting literature:

• Legal & General Annuities Application Form (PDF - 160 KB)
• Pension Annuity Terms and Conditions (PDF - 80 KB)
• Pension Annuities Key Features (PDF - 160 KB)

Please note that the Key Features and Terms & Conditions should be issued together.