<ul data-eligibleForWebStory="false"><li>Life annuities, living annuities, and combination products each offer different benefits and trade-offs based on factors like flexibility, longevity protection, and legacy planning.</li><li>Life annuities provide a guaranteed income for life, protection against inflation, and attractive rates, but come with limitations such as lack of flexibility and potential decline in purchasing power.</li><li>Living annuities offer flexibility in income adjustments, investment choices, and potential capital growth, but pose risks like outliving savings, market performance impacts, and capital erosion.</li><li>Combining life and living annuities can provide a balanced solution with stable guaranteed income, adjustable income, longevity protection, legacy opportunities, and protection for loved ones.</li></ul>

Life annuity versus living annuity – or both?

Discover more