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.
Important Risk Information:
This website contains information only and does not constitute advice or a personal recommendation in any way whatsoever. The value of investments and income from them can fall as well as rise and you may not get back the full amount invested. The tax efficiency of ISAs is based on current tax law and there is no guarantee that tax rules will stay the same in the future.
Different types of investment carry different levels of risk and may not be suitable for all investors. Please ensure that you read the Important Risk Information for further details. Prior to making any decision to invest, you should ensure that you are familiar with the risks associated with a particular investment and should read the product literature. If you are in any doubt as to the suitability of a particular investment, both in respect of its objectives and its risk profile, you should seek independent financial advice.