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What is Max Income Composite Annuity?
Old Mutual's Max Income Composite Annuity combines the features of a living annuity and a guaranteed annuity. It ensures that you receive an income for life, protecting you from outliving your retirement savings, and allows you to keep a portion of your money invested in the markets. There's also the opportunity to leave part of your investment to your beneficiaries.
- Guaranteed income for life
- Your living annuity portion is invested which means it has the potential to deliver inflation-beating returns - which can help boost your retirement income
- You are able to leave the remaining living annuity portion to your beneficiaries on death
- One income payable into your bank account
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Can't find what you're looking for? No problem. Call 0860 60 60 60 and chat to an adviser.
An accredited Financial Adviser will help you determine the split after considering the various factors resulting from a financial needs analysis.
You won't be able to transfer from Guaranteed Annuity to Living Annuity but you can transfer the other way round.