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ANNUITIES - EXPLANATORY NOTES 1/10
A conventional annuity provides income
for the principal life or the member's
and dependant's lives.
Once it is set up it cannot be changed.
It is vital that it is set up in the
most appropriate way. You will probably
The main types of annuity are:
1, Pension Income Annuity
2, Purchased Life Annuity (PLA)
Source: Annuity Direct
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