Earlier this year more than 100,000 staff who have bought into the share option scheme enjoyed a £ 106 million payout.
During the payout phase, individuals can choose to receive a lump sum payment of all monies earned and invested, or there is the option of having fixed payments that are made over a specified period or indefinitely.
Persistence pays off - truck driver wins cash payout.
If you live beyond the term of the policy, you are no longer insured by the policy and your beneficiaries receive no payout upon your death.
If the annuitant chooses to cancel the annuity, he or she is guaranteed to receive a minimum payout.