Hodge Equity Release

Hodge Life Annuities

To provide a fixed, guaranteed annuity in return for a cash sum payment (the purchase price).
To provide the annuity, at agreed intervals, either monthly or annually in arrears.
To allow you to choose, subject to plan features, an element of either Capital or Income Protection.
To allow you to choose to have the income based on the lifetime of the annuitant (or survivor of joint annuitants), or for a specified term of between five years and ten years.

The income will be purchased from your own funds.
Once you have purchased your annuity you cannot alter the arrangements or cash it in.

The income will cease on the death of the annuitant (or survivor of joint annuitants) even if this occurs in the early years of the plan. If the plan does not include any form of Capital or Income Protection, no further payment will be made.
Do not forget that inflation would reduce what you could buy in the future with the annuity shown in the personal illustration and policy document.
WARNING - this contract has no cash-in value at any time.