As you read this I should be in the middle of a cruise to the northern tip of Norway, to see the wonderful sights that nature has bestowed upon us, and I’m really looking forward to it. Naturally, this online annuity service will continue to function in my absence.
Why am I telling you this? Well, I am going on this cruise with my wife to celebrate 25 years of marriage…note I did not say 25 years of wedded bliss, because everyone has a few off days. Now then, we are going together because it is a joint celebration. Note the word joint, because that’s something I am getting to in relation to annuity quotes.
We are having this trip as a joint event, and arranging your retirement income should also be seen as a joint event. You should not forget about your partner when you look for annuity rates. No, he or she should very much be included. Why? Because doing this properly can ensure that on your premature death an income can continue to paid to your partner, typically at 33%, 50%, or 100% of the income you get before death, and it is payable to your partner until their eventual death. And if you don’t do things on a joint basis, and stick to a single annuity then any income you get will die with you, leaving you partner financially poor and pretty hacked off. Something to think about.
I’m off to check the lifeboats (again).
