Can I still buy an annuity after purchasing one of your income protection plans?

Answers: Fiona Tait - Scottish Life It is possible to buy an annuity at any time after investing in an income drawdown plan. This has the major advantage of securing a known level of income so that you can manage your monthly/annual budget. Annuity income is guaranteed to be paid (so long as the annuity provider remains solvent) and so it is can be regarded as very secure. The main downside is that once an annuity is purchased it cannot normally be varied if your circumstances change. You can choose to build in some flexible options such as access to alternative investment funds, a...