Annuities
Alico works closely with employee benefit consultants, specialist brokers and legal professionals to provide solutions to their clients’ needs. We seek to de-risk liability within defined benefit company pension schemes through traditional buy-out or buy-in insurance policies. We also offers insurance policies to provide tax-free income for individuals awarded compensation as a result of personal injury or medical negligence.
Periodic Payment Annuities
A comprehensive annuity plan tailored to provide guaranteed income for individuals awarded damages
- Immediate and deferred starting payout annuities.
- Annuities payable for Life or for a predefined temporary period.
- Benefits can be flat, stepped capital, or increasing income annuities.
- Bottom up benefit payments for Periodical Payments.
- Top down benefit payments for Structured Settlements
Bulk Purchase Annuities
Transfer the responsibility and future liability of your clients’ members’ guaranteed retirement benefits to Alico
- Conventional Buy-out - taking over the liabilities of all the Scheme’s members, or just the pensioners or deferred members.
- Buy-in contract - the Trustees hold the Group Annuity Policy as an asset of the on-going Scheme.
- Structured Buy-out - the majority of the annuity premium is paid immediately with the remainder being paid over a fixed period of time.
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View our range of intermediary products
Lifetime Annuity
Information on Lifetime Annuity can be found in the Wealth Management section of our website
Lifetime Annuity