Joint Life Annuities

Joint Life Annuity Quotes

Using a good annuity broker can ensure that you maximise the value from your pension fund. Under the open market option you are entitled to shop around for the best annuity deal and you are not obliged to accept the annuity offered by your existing pension provider. If you are married or have a partner you may wish to use your pension fund to buy a joint life annuity. While the level of income you will get will be lower by opting for a joint life basis you can ensure that on the first death the surviving annuitant will still get an income for life. You can opt for the income to reduce on first death e.g. by one third. By doing this you will increase the initial level of income and even more if you opt for an annuity reducing by 50% on first death. If you or your partner have a medical condition this can result in a higher annuity income being offered. A number of annuity companies will take into account health and lifestyle factors e.g. smoking. Other factors that determine the level of income you will recieve include: 

  • Age
  • Sex
  • Current health situation
  • The type of basis you choose for your annuity e.g. Joint life option
  • The amount of money your pension holds

See below to get quotes and advice from an annuity broker:

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 >

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