Page 108 - LCNL Diwali Magazine

RAGHUVANSHI 2023 - 2024 HAPPY DIWALI

Secure Your Financial Future with Annuities

An annuity is a financial contract where you pay a lump sum to an insurance company.
In return, they provide you with regular payments for a specified period or life. It’s like
buying a steady income stream, often used to ensure money during retirement. The
payment amount and frequency depend on the terms agreed upon when purchasing the
annuity.

Many people are exploring ways to generate an income that sustains them post-retirement
and maintains their standard of living amidst the escalating cost-of-living crisis. There is
a potential solution at your fingertips in an unpredictable economy where high inflation
rates, market volatility and returns dominate conversations. Enter annuities.

Why Annuities, and Why Now?

The climate is promising! Annuity rates are at their highest in a decade. To put that in perspective, a 65-year-old
in good health can currently secure a guaranteed £7,198 p.a. from a £100,000 pension pot on a single-life basis.
These figures are enticing, but remember, annuity rates fluctuate. However, their appeal isn’t just in the numbers.

Stock markets have their ups and downs. With the looming threat of economic slowdowns and recessions, isn’t it
enticing to consider an option that ensures stability regardless of market conditions? By investing in an annuity, you
cement your income.
The Annuity Advantage

1. Guaranteed Lifetime Income: Think of a scenario where you always have money coming in, no matter how the

markets behave or what life throws your way. You get a reliable, lasting income with annuities, meaning you will
have income to do what you want to do.
2. Personalised for you: Options available to align with your goals. No two lives are the same, so why should financial
plans be? Whether you fancy lifetime annuities or fixed-term ones to address specific goals, there’s an annuity
waiting to be tailored just for you.

3. Protection from Market Ups and Downs: Worried about the unpredictable stock market? Annuities offer a safe
option. They ensure a steady income, even when the market isn’t doing well. With annuities, you can relax knowing

your income is safe, no matter the market’s mood.
Make the Move

Annuities are more than just financial products; they’re tickets to a secure, steady flow of income in retirement
without undue stress. Now’s your moment. With favourable annuity rates and their undeniable benefits, there’s
never been a better time to lock in your financial future. Let annuities pave your path to financial stability. Annuity
rates are subject to change and may fall as well as rise. Advice to purchase an annuity is subject to suitability. Talk
to your adviser or contact us.

Wishing you a Diwali filled with shimmering lights, joyous moments, and the warmth of family and friends. May
this festival of lights brighten your life and bring prosperity, health, and happiness. Happy Diwali!

Vijay Thakkar
Founding Director of Blackstone Moregate Ltd

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