CHAPTER 1

How annuities work. ... If Nick dies aged 70, he will have £88,000 left. If he dies aged 80, he will have £53,000 left. ... If Nick is of average health for an annuitant, the chance of him living to 90 is higher than people might think at 43%. Stewart will have nothing to leave to his heirs, but he will receive his pension of £7000 pa for as ... ................
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