UKAEA Pensions

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Guarantee periods

Quotations provided by Prudential usually contain details of a five year guarantee period. This means that if you die within five years of the annuity being set up the balance of the payments in the form of a lump sum will be paid to your nominee or in the absence of a valid nominee to your legal personal representative.

If you select a guarantee period of more than five years then in the event of your death the payments would continue to be paid to your nominee or in the absence of a valid nominee to your legal personal representative in the form of an annuity until the end of the guarantee period.