One of the most common questions asked by our clients is ‘What happens to my pension when I die?’ – understandably many want to ensure that they can continue to support their loved ones when they are no longer here.
By default, when you pass away, income from a lifetime annuity will stop. This is because your pension pot has been used to purchase a guaranteed income for life. However, annuity providers will allow you to add a number of death benefits which are outlined below.