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A new generation with-profit life annuity

Just Lifetime Income

Just Lifetime Income is accessible as a standalone life annuity or as a lifetime income portfolio in a blended living annuity

  • Just Lifetime Income converts retirement savings into a regular income for the rest of your life
  • It is a retirement income option that is designed to be closest to a salary
  • It can be used to cover essential expenses and to diversify investments
  • Just Lifetime Income is a type of guaranteed life annuity known as a with-profit annuity
  • Income is guaranteed and will never decrease regardless of investment market movements

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Annual increases are linked to investment performance

When you retire, your expenses continue and so does inflation. Just Lifetime Income is designed to provide annual payment increases that target inflation, or a percentage above inflation to keep up with the cost of living. 

What makes Just Lifetime Income different to other with-profit annuities is that increases are linked to the performance of an independent underlying investment portfolio managed by specialist asset managers. To view the increase track record for each underlying investment portfolio, please see our fund fact sheets

Optional features of Just Lifetime Income

An income legacy gives you the ability to choose different death benefit options to be able to provide for your spouse and family in the event of your early death.

Just Lifetime Income is also offered as an enhanced annuity, which means we use underwriting to assess life expectancy. Underwriting at retirement is a fair way of ensuring you get the right income, for life, and gives you confidence that you are getting the highest possible starting income for your retirement savings.