Need Advice On Pension

TABBY2_2

My husband died almost 4 years ago at the age of 55 but took an early retirement 5 years earlier and was in receipt of a montly income from the annuity he had with a private society. However, after his death the policy terminated and I was told that I were not entitled to anything because the policy was set up on a single life basis with no guarantee period attached. Surely his family would be entitled to something?
Has anyone got any advice, answers to this situation.
Many thanks

Andy_L

If it was a single life annuity then that is correct Tthe policy only pays out for the life of the annuity holder. Had he chosen a joint life annuity then it would have given him a lower monthly income but would have paid a pension (typically 1/2 his pension) to you after his death.

dunstonh

Surely his family would be entitled to something?

Nope. Unless he bought a joint life annuity or one with capital buy back or was within a guarantee period then the family is entitled to nothing.

bigbloke45

I'm afraid the above is correct.

May I suggest you try www.entitledto.com? This is a website that will help you see if there are any benefits you are entitled to (hence the name).

It may be of help; I truly hope so.

Best of luck and come back to us. There are a lot of people who care in these forums.