Annuities are a powerful financial tool that can help secure your financial future, and understanding how they work is crucial. In this video, we'll break down the concept of annuities, explaining how they provide you with regular payments, offering peace of mind during your retirement years.

One of the key elements of annuities is the guarantee period, which acts as a safety net for your beneficiaries. We'll walk you through how guarantee periods work, as well as the impact different guarantee periods can have on your regular income payments.

We'll also introduce you to the concept of enhanced annuities. Enhanced annuities are designed to provide higher pay-outs to individuals with specific health conditions or lifestyles that may shorten their life expectancy, which we also cover in this video with some examples.

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CHAPTERS
00:00 - Introducing Annuities
00:23 - Annuity Rates since 2020
01:01 - Guarantee Periods Explained
02:32 - Guarantee Period Examples
03:53 - What are the Risks?
05:02 - Impaired Life / Enhanced Annuities
06:15 - Closing Thoughts

DISCLAIMER
Wealth of Advice are authorised and regulated by the Financial Conduct Authority, reference number 563909.

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