Paraplanners Assembly 2026: A tune up on temporary pension income guarantees

What is the main difference between a fixed-term and lifetime annuity?

1. Only lifetime annuities provide guaranteed income
2. Fixed-term annuities cannot provide a maturity payment
3. Fixed-term annuities end after an agreed period; lifetime annuities continue for life
4. Lifetime annuities always provide flexible access

How might both annuity types be combined in retirement planning?

1. Fixed-term income for essentials and lifetime income for luxuries
2. Lifetime income for essential spending and fixed-term income for temporary needs
3. Use both solely to maximise investment growth
4. Use a lifetime annuity only until State Pension age

Which factors should be considered when selecting annuity death benefits?

1. Only the client’s investment performance
2. Joint-life cover, value protection, guarantee periods and potential tax treatment
3. Only the highest available starting income
4. The annuity provider’s share price

What is the main difference between a fixed-term and lifetime annuity?

1. Only lifetime annuities provide guaranteed income
2. Fixed-term annuities cannot provide a maturity payment
3. Fixed-term annuities end after an agreed period; lifetime annuities continue for life
4. Lifetime annuities always provide flexible access

How might both annuity types be combined in retirement planning?

1. Fixed-term income for essentials and lifetime income for luxuries
2. Lifetime income for essential spending and fixed-term income for temporary needs
3. Use both solely to maximise investment growth
4. Use a lifetime annuity only until State Pension age

Which factors should be considered when selecting annuity death benefits?

1. Only the client’s investment performance
2. Joint-life cover, value protection, guarantee periods and potential tax treatment
3. Only the highest available starting income
4. The annuity provider’s share price

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