Hodge Life Annuities
Purchased Life Annuity Examples
The examples below show the gross monthly income purchased with a lump sum of £10,000 for the annuitants shown. The income is payable monthly in arrears, without proportion, and continues for the lifetime of the annuitant (or survivor of joint annuitants).
| Purchase Price £10,000 | Gross Monthly Income* | Guarantee Options** |
|---|---|---|
| Single Male 70 | £66.70 | None |
| Single Female 60 | £44.92 | 10 year annuity guarantee |
| Single Female 65 | £52.18 | 5 year annuity guarantee |
|
Joint Annuitants: Male 70 Female 70 |
£51.42 | None |
* Annuities are subject to tax. Please refer to the Questions &
Answers Section for further details.
** An element of either capital or income protection can be built into annuity policies. Please refer to the Question and Answer section for available guarantee options.
** An element of either capital or income protection can be built into annuity policies. Please refer to the Question and Answer section for available guarantee options.
The above examples are for illustration only. Personal quotations are available on request.