An annuity is a pension product which provides a regular income for the rest of your life, no matter how long you live. For many people, an annuity is the most practical and suitable way to get a pension income during their retirement.
Aviva Annuities at a glance:
Enhanced Annuity Option
An enhanced annuity can offer higher income by considering health or lifestyle factors for the individual.
Value Protection
Value protection ensures remaining funds return to your customer's estate if they pass away early.
Guaranteed Payment Period
A guaranteed annuity period ensures payments continue for a set time, even after death.
First Class Service
Aviva delivers first-class service annuity service through guidance, communication and supportive customer care.
How does an annuity work?
Your clients can use their pension fund to buy an annuity. They can opt to use the full value of their pension fund or the amount left over after they’ve taken a retirement lump sum to secure an income for the rest of their lives.
Product details
Features
An annuity can provide your customer with the following benefits:
- An annuity pays a guaranteed income for life, no matter how long your client lives for.
- Your client can choose to provide an income for their Designated Dependent when they die.
- Your client can choose to reduce the impact of inflation on their pension income by adding indexation to annuity payments.
- At Aviva, we guarantee annuity payments for a minimum of 1 year as standard, even if your client were to pass away before the end of year 1. Your clients - can also opt for guaranteed payments of 2, 3, 4, 5 or 10 years.
- Rates and outcomes depend on age, health, current market interest rates, and annuity options selected. Enhanced annuity eligibility is subject to underwriting.
How much income will I receive?
- The size of their pension fund
- The interest rates at the time of purchase
- Your client’s age
- Your client’s health (if applying for an enhanced annuity)
- Whether they want to add a Designated Dependent
- Their Designated Dependent’s age
- The health of their Designated Dependent (if applying for an enhanced annuity)
- What product features are chosen (e.g. guaranteed payment period)
Retirement
Key documents
All documents on this page are downloadable PDFs that brokers may save and retain for CPC compliance and record‑keeping
Full details of the annuity’s features, risks, target market & negative target market, charges, assumptions, and any guarantees or limitations are set out in the Annuity Key Features document and Annuity Customer Brochure (PDF)
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Annuities
Application Forms
Annuities
Sample Policy Conditions
Retirement
Pensions Technical Hub
Tools
Risk Profile & Portfolio Builder Tool
Policy Alterations Hub
Requirements for common amendments on existing policies.
Aviva Life & Pensions Ireland Designated Activity Company, is a private company limited by shares, registered in Ireland No. 165970. Registered office at Building 12, Cherrywood Business Park, Loughlinstown, Co. Dublin, D18 W2P5. Tel (01) 898 7950, www.aviva.ie
Aviva Life & Pensions Ireland Designated Activity Company, trading as Aviva Life & Pensions Ireland and Friends First, is regulated by the Central Bank of Ireland.