If you are considering an annuity, it’s only natural to want to know your options and feel confident about the choices you make.

That’s why we’ve pulled together some clear, easy-to-follow answers to some of the questions people ask about how annuities work.

Annuity basics

Comparing annuity providers

Enhanced annuities

Annuity death benefits

Buying and setting up your annuity

After you have set up your annuity

Safeguarding your interests

Annuity guides

What type of annuity is right for you?

Explore your annuity options to find one that’s best for you.

Lifetime Annuity
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Lifetime Annuity

Guaranteed income for the rest of your life, no matter how long you live.
Enhanced Annuity
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Enhanced Annuity

More income if you have certain health conditions or lifestyle factors.
Fixed Term Annuity
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Fixed Term Annuity

A guaranteed income for a set period, with flexibility for the future.

Page updated on 15th November 2025, Reviewed by Richard Groom