Tag Archives: Annuity Providers

Calculate your Annuity Quote Online!

Despite having the open market option, even today, many people continue to opt for the first annuity offer that is made to them by their pension provider. Market research shows that just by exploring the market and shopping around, you could be getting up to 46% more income from your annuity. So how do you find out how much you could get from an annuity scheme? Thanks to the leaps and bounds made in technology today, you can find out information about different types of annuity, as well as get instant annuity quotes right from the comfort of your home.

There are many websites that offer free and objective advice about different kinds of retirement investment products, including different types of annuities. You can read about how they work and understand how different annuities would work for you. You can also explore information provided by different annuities companies on their websites about their products and how they work.

Using all this information, you can decide what kind of annuity might work best for you. Of course, you will need actual Annuity Quotes to make the final decision, and until just a few years ago, this would have meant having to visit each company or at least make phone calls to different annuity providers for their quotes. Today, of course, you need to do no such thing. You can get annuity quotes instantly from different annuity providers simply by entering the required information in the online form.

Using the information you provide, usually about your gender, location, age, amount of investment, and other information like health and lifestyle data, the annuity company can calculate how much they could afford to pay you. If you want to find out the maximum income you could get from an annuity, you can use online annuity calculators, which are quick, easy and convenient.

Most companies as well as independent websites offer annuity quotes for free. Online pension calculators and other tools are also usually free, as is the information and other resources available on the websites. If you need help understanding a product or assistance with how to make the choice, an independent financial advisor could give you objective and impartial advice. IFAs generally charge a fee which can be either an upfront one off payment, or a commission based fee which is paid after you have made a decision. So, making the right choice of annuity has never been easier and more convenient.

Why Look For Annuity Quotes Online?

Planning for your retirement is probably one of the most involving tasks. However, there are several, simple options that can save you a lot of money and time, while helping you to secure a future income. One such option are annuities. Like any other product, it is advisable to shop around for the best deals before making a purchase.

Shopping around for the best annuity deal has been made easier with the advent of the internet. Therefore, the better annuity providers have decided to make the search easier and cheaper by giving out annuity quotes online. Therefore, you can compare different quotes and pick the one that best suits you.

If you are an investment novice, you will find online annuity providers especially helpful. This is because you will get adequate information about annuities to help you make an informed choice. Online resources will explain the different types of annuities, and who is best suited to take a particular annuity. With this information and annuity quotes, you can choose the plan that best suits your current financial situation while guaranteeing your desirable future income.

Online annuity providers also give you tips on how to reduce your expenses. For example, they know when you can be tax exempt, and when you can receive higher annuity income, and can therefore advice on the appropriate plan for your lifestyle. For example, if you suffer from a terminal disease or life threatening condition such as diabetes, you are better off with an impaired pension plan.

The best thing about shopping for the best annuity quotes online is that it is convenient and affordable. Can you imagine what it would be like travelling to different places looking for quotes from the best companies? Well, these days, all you need is to use the numerous sites equipped with an annuity calculator.

When using an online annuity calculator tool, it is advisable to give all the necessary details so as to get the best quote. This is especially helpful because you can get a good quote without revealing your identity. Online annuity calculator allows you to shop for the best rate anonymously, which saves you tones of spam mails. Additionally, you get to check out different sites and get a rough average of the quote an annuity provider is likely to offer you based on your personal information.

Regardless of your reasons for choosing annuities as your retirement investment option, you will realize that shopping online is extremely convenient.

Call 0800 678 5139 to request your annuity quotes today.

The Facts about Annuities

The number of consumers looking to finance their retirement years with the help of an annuity continues to grow. Annuities provide a sense of stability and security for consumers as they age out of their working years and allow some sense of financial freedom for those who are looking to enjoy their retirement. However, consumers need to know all of the facts about annuities before they embark on an investment. These facts about annuities can be learned through an independent financial adviser or even through independent research by the consumer. Either way, it is important for consumers to get all the facts about annuities before choosing the right option for them for their retirement, similar to engaging in any other investment strategy.

There are several different types of annuities, all of which have different eligibility factors and qualifying guidelines. The facts about annuities varies between type of annuity which is why it is critical for the consumer to do as much research as possible before making any determination on how they would like to invest their money for the future and for their retirement.

Different Types of Annuities

There are several different types of annuities available for consumers, all of which have different factors and guidelines. There are enhanced annuities available for those consumers who have a documented illness that may shorten their life expectancy. This specific annuity requires documentation of the illness in order to qualify. There are also conventional annuities for those consumers who are mainly focused on having a guaranteed stream of income throughout their retirement. For those who want income for only a short period of time there are fixed term annuities available that will make payments for only a designated period of time. And for those who would like to try their shot at earning money during retirement, there are annuities that can be linked to designated investments in the financial markets. Regardless of the choice, consumers should be educated on the exact facts about annuities, and each type, before investing.

Annuity Rate Factors

Not only do consumers need to know the basic facts about annuities, but they also need to aware of how their annuity rate will be calculated. The amount that consumers can expect to receive from their annuity depends on several factors. The first of these factors is savings. Part of the annuity rate will depend on how much the consumer has managed to save in their pension pot. Secondly, where the consumer lives will impact their annuity rate. Providers can base annuity rates on the mortality rates associated with different parts of the UK. Health of the consumer will also be factored in to their annuity rate. If the consumer is in poor health not only may they qualify for an enhanced annuity but they may also receive a higher rate because the insurer assumes that they will not be making payments for as long as they would if the consumer were healthy. Lastly, the consumer’s annuity rate could be affected by the current rates offered by other annuity providers. This is basic competition in the market. If insurers need to compete for business, they will most likely keep their rates competitive to attract more business.

Consumers should know all of the facts about annuities before they decide to invest. This not only means becoming educated on what is available but also becoming educated on what factors may influence their annuity rate, and therefore, their income stream. Knowing all of the facts about annuities can only serve to help the consumer plan for their future and their plans once they retire.