Our annuity

A simple approach to pension annuities

Hodge Lifetime's pension annuity product has been designed to offer a competitive annuity rate.

This page explains whether you are eligible, and what options you can choose.


You must be aged between 55 and 85, and be resident in the UK. Your income will be paid directly into a UK bank account.

We accept annuity premiums between £10,000 and £350,000. You can combine up to six pension policies/funds into your annuity.

Annuity options

Income: Level only. We do not offer a retirement income that increases year on year.

Payment frequency: You can choose to receive your income monthly, quarterly, six-monthly or annually. You can also choose to be paid at the start or end of each period.

Dependant's pension: You can choose whether to provide an income for your spouse or partner after your death, at a rate of 50%, 66% or 100% of your income.

Guarantee period: You can choose to include a guarantee of 5 years or 10 years, which means that we will continue to pay your income for the guarantee period even if you died before it expired.

Hodge Lifetime offers standard annuity rates only

If you are in ill-health, smoke or are overweight, you may be able to secure a higher level of income by purchasing an enhanced or impaired annuity from another provider. Your adviser or broker will be able to assist you in this process.

Next Page: Open market option