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How to get higher income
Annuities use the pension funds you have gathered during your life to pay you a regular income for the remainder of your life.
This means that the longer you are going to live the less the provider needs to give you at each interval. So essentially it is the job of the providers at this point to assess how long you are going to live.
It is very important that you are honest and clear about your lifestyle and medical situation as this information may help you get a better income in retirement.
Marital Status
A joint-life annuity will continue to pay an income to your spouse, partner or financial dependant after you die for the rest of their life. If you select that you are not single you will be required to enter your dependant’s details.