Annuities for Women

Get up to 40% More Annuity Income

Building up your pension takes many years of careful saving, so when it comes to retiring, you will want to be sure that you get maximum benefits from your pension.  As you approach retirement age, it is a good idea to compare the options that you have for your pension.  One of these options is to purchase an annuity plan. Annuities are available to both women and men, although rates currently differ based on gender (from December 2012 rates will be equalized).  Purchasing an annuity involves trading your pension to an insurance provider in exchange for a guaranteed fixed income that you would receive up to your death.


See below for our service to help you get a better deal on your annuity:

Annuity Quote Services
ProviderAnnuity QuotesAnnuity ServiceSpecial FeaturesGet Quotes
YesComparison of leading UK annuity providers. Enhanced annuities available if you have a medical condition. Enhanced rates available for smokers.Up to 40% more incomeGet Quotes >

The amount of income that you could expect from an annuity plan will vary significantly from person to person, with insurers taking a number of factors into consideration to decide this. The following all tend to affect the income rate offered:

  • Age
  • Occupation
  • Health
  • Location
  • Sex (until December 2012 - see below)

Sex is a major deciding factor on how much annuities for women will pay out. This is due to the fact that, statistically, women have a higher life expectancy rate than men, and therefore insurers are therefore more likely to have to pay out for longer. As a result, the average woman should expect to receive smaller income from an annuity. However, as every insurer could offer such varying income amounts, it would be advisable for women to compare quotes from several different providers to ensure that they get the best deal possible.

 

In a European Court of Justice ruling in May 2011 insurers will no longer be able to discriminate against women on offering lower annuity pensions compared to men because they have on average higher life expectancies. This ruling takes affect from December 2012. The equalization of annuity rates means that rates for women will increase while rates for men will decrease.

Annuity Quotes - Joint Life Aged 65 (Non smokers)
ProviderAnnual IncomePayment TermsPurchase AmountGet Quotes
£5,138Annual income for life£100,000More Info >
£5,134Annual income for life£100,000More Info >
£4,962Annual income for life£100,000More Info >
£4,705Annual income for life£100,000More Info >

Quotes based on man and a woman aged 65, £100,000.00 purchase amount, conventional, level escalation, nil guaranteed period, paid in arrears without proportion, spouse/partner annuity of 66% payable on first death without overlap. Annuity rates correct as at 07/06/2013.

Annuity Quotes - Joint Life Aged 65 (Non smokers) Retail Price Inflation Linked
ProviderAnnual IncomePayment TermsPurchase AmountGet Quotes
£2,882Annual income for life£100,000More Info >
£2,877Annual income for life£100,000More Info >
£2,865Monthly income for life£100,000More Info >
£2,591Annual income for life£100,000More Info >
£2,589Annual income for life£100,000More Info >

Quotes based on man and a woman aged 65, £100,000.00 purchase amount, retail price linflation escalation, nil guaranteed period, paid in arrears without proportion, spouse/partner annuity of 66% payable on first death without overlap. Annuity rates correct as at 07/06/2013.