Best Annuity Guide…Did You Know That if You Qualify for an Enhanced Annuity You Could Get Up to 40% More Income From Your Pension Provider?

How do I get the best annuity?

Shopping around for an annuity instead of accepting the first annuity offered to you or the one prepared by your pension provider is the way to get the best annuity rates.

Indeed, by exercising your Open Market Option, as recommended by the Financial Services Authority, you can qualify for higher rates and get quotes from the best annuity companies, resulting in a larger retirement income.

This means, though, that you will be faced with a lot of choices, and end up getting confused, so here are some questions you can ask yourself to narrow down your options and bring you closer to finding the best annuity that you deserve:

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Note: Even if you don’t have a medical condition you may qualify for a higher annuity rate. Please fill in the form above to see if you qualify for an enhanced annuity rate!

Q – Do you want to provide for your loved ones?
Buying an annuity can not only provide you a lifetime income but can also serve as a life insurance policy since it allows you to provide for your loved ones. This type of annuity is called a joint life annuity, which is more expensive but continues to provide returns even after your death.

Q – What growth do you expect from your annuity?
Like all other investments, your annuity fund grows, the rate of which depends on economic trends and the type of annuity you choose. In this aspect, the variable annuity is the best annuity because it offers solid growth.

Q – How much financial risk are you willing to take?
Variable annuities, however, also offer more risk, since the rates can increase or decrease depending on economic trends, meaning you will get low returns when the economy is not doing well.

On the other hand, fixed annuities offer a guaranteed rate, which may seem like a good thing. However, keep in mind that annuities go on for years, and if you take into account the rising rates of inflation, your income may not prove to be enough after a while.

Q – Where do you want to invest your annuities?
There is a wide range of investments to choose from, although some types are limited to certain types of annuities.

Q – How often do you want to get your income?
You decide whether you want to receive your income monthly, quarterly, twice a year or yearly so assess your financial situation and look into your needs and expenses.

Q – Are you suffering from a medical condition?
If you don’t have a clean bill of health, you can use this to your advantage by getting an enhanced annuity or impaired annuity, which offer high rates.

Q – Have you been smoking regularly?
There are smoker annuities, as well, which is the best annuity for smokers, of course.

To help you answer these questions and ultimately make things easier, it is recommended that you get in touch with an expert financial adviser.

You can do this by filling up our free no-obligation form. Indeed, by taking a few seconds to provide us with some information, we can arrange for an annuity adviser to contact you and give you free quotes and advice on how to find the best annuity.