An annuity is a fixed sum of money paid to an individual over the course of their life, with payments ceasing on death. When you purchase an annuity from an Insurance Company, they in return pay you a fixed amount until you die. In certain circumstances an annuity purchase is compulsory, this can depend on the scheme rules of you pension. Focus Life & Pensions can compare the annuity rates of the main providers to ensure that you get the most competitive rate on the market. We can also advise you on other features such as guaranteed periods after death, whereby the annuity can continue to pay out for 5 years after your death.