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.