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Invested Lifetime Annuity

Invested Lifetime Annuity - this product provides a retirement income which will increase over time.

This annuity is only available to existing policyholders.

This is a with-profits lifetime annuity and is invested in the Windsor Life With-Profit Fund. It is unique to Windsor Life policyholders and is not available to anyone who hasn't saved for their pension with us.

The pension has guarantees built in to make sure that your income will never fall. We will declare a bonus each year, even if that bonus is zero. Any increase in your annuity will be based on the bonus declarations, which in turn are based on the profits made by the Windsor Life With-Profit Fund.

You can find out more about the Windsor Life With-Profit Fund by reading our Consumer Friendly PPFM document, or our Principles and Practices of Financial Management document. Information on how the Fund is invested is available by clicking here.

Choosing an Invested Lifetime Annuity will depend on your attitude to risk and your personal circumstances.

Why choose the Invested Lifetime Annuity?

  • It allows your pension fund to invest in the Windsor Life With-Profit Fund.
  • Your income may increase over time.
  • Your income will never fall.
  • It gives some protection against inflation eating away at your income.
  • Invested Lifetime Annuity policyholders can share in any future distributions from the Estate.

For more information about the current bonus rate for this product, click here. Please note that past bonus rates cannot be used as a guide to rates in the future.

Why choose not to have an Invested Lifetime Annuity?

  • Your payment will be lower to start with than a level annuity.
  • There may not be an increase every year.
  • It may be several years before the Invested Lifetime Annuity pays out more than the Level Lifetime Annuity.
  • Increases will depend on declared bonuses based on the performance of the Windsor Life With-Profit Fund.

This is not a full description of this product’s benefits and risks. To learn more about this product:
Adobe Acrobat Download our Key Features Document (31Kb)
Adobe Acrobat Download the Policy Provisions (80Kb)

If you are interested in this annuity we will send you a personalised illustration. To request an individual illustration, please contact us on 0800 073 1777, or email us by clicking here.

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