Tag Archives: Best Annuity Quotes

Which Annuity Is Best?

The main goal of any person who has retired is to usually convert the savings that they have built up towards their retirement into a regular source of cash, so that they may continue having an income. A lifetime annuity is what will usually determine the amount that you are paid, and since you will be paid until you die, it is best that you take the time to find a provider offering the best quote.

There are people who will usually take the first quote that they get although it may not be the best. So, how do you find out which annuity is best and what is the best way in actually obtaining it?

To start with, it is important that people realize that they do not need to purchase their annuity from the same firm that also holds their pension funds. A person can shop around and they may get lucky by getting a better offer from another firm for their annuity.

The Open Market Option offers people a chance shop around and get the best annuity quotes and if you are looking for the best quote, then this is essential in order to obtain the best deal and therefore best income from the pension pot available.

There are a number of annuities that you can choose from, but the most popular are lifetime, unit linked, with profit and enhanced annuities. However, the choice that you make for your annuity will usually be based on your sex, age, health and even marital status.

However, your preference will also contribute to deciding which annuity to choose. It is also important that the rates that you will be paid are determined beforehand so that you may make an even better choice. For instance, people with a serious medical condition can go for the enhanced annuity, since these schemes offer a greater annuity based on the fact people who qualify may not live for as long as a healthy person.

Therefore, there are many annuities that are offered in the market today, and it is up to a person to make the choice on what they want to get. But it is advised that annuity experts are consulted so that a person can be able to make a choice based on informed knowledge. This is important since once you make your choice, you will be stuck with it for the rest of your lifetime.

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.