Legal and General Annuities

Legal and General, a household name in the insurance market has been trading since 1836. Legal and General offer a whole host of retirement income products, including a number of leading annuity products. Whether you have been saving your pension with Legal and General or you are just looking at the possibility of an L&G annuity, it is useful to know their main offering in terms of retirement income.

Legal and General Annuities

Legal and General provide a number of options when it comes to annuity planning. If you are looking for a secure and guaranteed income in retirement, then L&G may be the right choice for you. Below we have listed the main products on offer..

L & G Non-Profit Annuity – This is another name for a standard or level annuity. The same amount of income will paid paid to you each year for the entirety of your retirement, no matter how long that is. These annuities are attractive as they mean an individual can plan their future knowing precisely how much money they will have to live on.

L & G With-profit Annuities - Like a lot of pension annuity providers in the UK, L & G also offer with-profits annuities for those annuitants who are financially secure enough to incur a level of risk for the opportunity of a potentially higher future income. Your pension money is invested in a with-profits fund and the relative performance of this fund (good or bad) determines whether your income will increase or decrease.

Should I choose an annuity from Legal and General?

This depends on whether it is right option based on your personal circumstances. You can only secure the highest annuity by comparing all the providers so call us now to see who has the best rates.