Sign up for news alerts.

We update our financial wellbeing resources regularly to help people build their financial literacy. If you would like to be notified of these updates please submit your email address below, you can opt out whenever it suits you.


What Is A Fixed-Term Annuity?

First, you might want to find out what is an annuity? There are generally two types of annuity, a lifetime annuity and a fixed-term annuity.  A fixed-term annuity will pay an income for a set period, usually five or ten years, and then a ‘maturity amount’ at the end that you can use to buy another retirement income product or take as cash.

Back to FAQs

Get in touch

The information collected will be used solely for the purposes of providing background information when contacting you to arrange an appointment.