Standard life annuity - turning retirement savings into guaranteed income
Annuities are great products for clients who want money from their pension policies to generate a guaranteed income for life, without the worry of money running out before they die.
We’re delighted to announce we’ve made some changes to the Standard Life annuity to help you and your clients as they plan for retirement:
Increased commission - you can now avail of up to 3% commission
Online annuity quotes - Our newly launched online annuity quotation tool allows you to conveniently run annuity quotes to secure competitive annuity rates for your customers in less than 2 minutes. It’s easy to use and allows you to print and/or save multiple quotes for your customers.
Find out more about the annuity quotation tool, and run a quote.
Extended rate guarantee period - All our annuity quotes provide a unique extended guarantee, supporting your customers in securing the best annuity rate throughout the purchase process. The annuity rate used in our quotation is guaranteed for 14 days from the date of the quote if all details remain the same. If we receive the application within this 14 day period, we'll hold the rate for a further 30 days from the date we receive the application, to allow time to receive the purchase amount. If the purchase amount is received and all requirements are met during these 30 days, we'll use the higher of the rate given in the quotation or our current annuity rate at the time of processing. If anything changes in relation to the options selected, customer information or the purchase amount, you'll need a new quotation.
A Standard Life annuity supports the retirement your clients want by using pension savings to generate income. The enhancements we’ve made are designed to make these important life decisions easier for your clients, and assist you in your vital role as adviser.
Talk to your business manager about a Standard Life annuity today.