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What is an annuity?

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An annuity is a financial product sold by an insurance company which guarantees to pay the holder a certain amount of money every month for the rest of their life

How much will the annuity pay?

This depends on a number of factors, including how much money is in your pension pot, how old you are when you buy your annuity, what annuity rates in general are like when you buy it, and what the state of your health is

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