Annuity Specialist

Annuity Specialist Service

An annuity specialist can provide invaluable information on your options when it comes to annuity purchase. Before approaching a provider, it is wise for customers to carefully consider their circumstances and financial situation, as once you buy an annuity there is no going back.

The following are some examples of different annuity plans that may be available to recent retirees:

• Level annuity option
• Escalating annuity option e.g. annuity income increases by 3% pa
• Index linked annuity option e.g. annuity linked to RPI
• Medical annuity option - if you suffer from poor health you may be able to benefit from a higher rate

You should shop around to compare annuity plans to find the best quote - use the specialist service below:

Before deciding on the type of policy you may require, it is important to consider the following questions:

• Will you require protection against the long term affects of inflation?
• How much will your living expenses (plus the cost of any long term care) come to for the rest of your life?
• Do you have any dependants?
• Do you have any pre existing health problems?

In order to receive the best possible rate from an annuity specialist, it is recommended to take what is known as the ‘open market option’ wherever possible. Comparing annuities by shopping around for  a different insurer will help you find the most competitive results.