* A Living Annuity is an Investment vehicle that pays an income from your Retirement Savings during Retirement. * You can select the income you wish to receive from the investment. You can choose to receive your income monthly, quarterly, twice a year or once a year. * Your income may not last you for the rest of your life, if you withdraw a high regular income. * The funds in your living annuity are available to your beneficiaries upon your death.