5 Reasons to Consider a Lifetime Annuity

Looking for a secure and guaranteed investment for your retirement? Current market volatility levels can be too much for some retirees. Here are five reasons why you might want to consider a lifetime annuity.



1. Compliment other investments

Together with the Age Pension (if you’re eligible) a lifetime annuity provides a foundation that you can depend on to cover your basic living costs (bills, groceries etc).

Lifetime annuities complement other investments and sources of income such as Super and the Age Pension. They provide a secure income which can be used as a base layer your retirement plan.

2. Flexibility to withdraw

Enjoy the flexibility and freedom of knowing you can access cash if you need it. While lifetime annuities are designed to be held for life, there are withdrawal periods where you may access a lump sum if your circumstances change.

3. Spend confidently

Just like when you are earning a salary – income from an annuity provides a known regular amount, making it easy to budget in retirement. This means you can maintain your lifestyle with confidence that your savings will last the distance. And if you choose a reversionary option, your payments will continue to your spouse or partner if you pass away.

4. Protect Against Market Risks

Unlike other types of investments, the income you receive from an annuity is not affected by the share market or interest rate movements. This means the dollar value of your payments will stay the same no matter how the market is performing.

Payments can be linked to yearly inflation allowing you to afford tomorrow.

5. Make your money last a lifetime

Lifetime annuities give you an additional layer of protection in retirement by providing guaranteed income payments. They act as a safety net ensuring you will receive a set income for life regardless of how long you live or how investment markets perform.

If you are interested to learn more, please contact us to arrange an appointment.


This information contained in this document has been provided as general advice only. The contents of this document have been prepared without taking account of your personal objectives, financial situation or needs. You should, before making any decision regarding any information, strategies or products mentioned in this document, consult with your GPS Wealth Ltd financial adviser to consider whether it is appropriate having regard to your own objectives, financial situation and needs


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Amplify Wealth Management Pty Limited, ABN number 63 603 717 791 is a Corporate Authorised Representative (No: 1002040) of GPS Wealth Pty Ltd ABN 17 005 482 726, AFSL 254544.


Tanya Carlson is a Sub Authorised Representative (No: 376214) of Amplify Wealth Management Pty Limited, ABN number 63 603 717 791 

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General Advice Warning:
Any general advice or information is prepared without taking into account your objectives, financial situation or needs. Because of this, you should, before acting on this information, consider its appropriateness, having regard to your objectives, financial situation or needs.