If you qualify for an enhanced annuity rate because of a medical or lifestyle condition, you can take advantage of the Open Market Option (OMO) and use your pension savings to guarantee a regular income from Partnership's Pension Annuity for the rest of your life.
In exchange for a single lump-sum payment, we will pay you a regular income for the rest of your life. The income you receive will be based on the medical and/or lifestyle information you provide and the income does not depend on the performance of any investments.
There will be no return of capital to your estate from your annuity when you die, regardless of when that happens, but there are additional options you can select that allows your estate or beneficiaries to receive an income or lump sum payment after your death. All income payments you receive from your Pension Annuity will be taxed at your personal rate of Income Tax.