Here are our five key steps to a higher retirement annuity income. First, though, you have to realise that annuity rates are now based on a number of factors, and no annuity quote engine or annuity calculator can cater for them all to produce an accurate tailored bespoke annuity quote. There are over 1,500 medical conditions to be considered alone, never mind how much you smoke, how overweight you might be, or how hazardous your occupation might be.
Here are our those five key steps. Step 1. Our annuity calculator produces an annuity quote based on standard annuity rates only, and assumes you’re in good health and that you’re non-smoking. How does this annuity quote compare to the annuity quote provided by your current pension provider? Is it competitive? Step 2. You could get more income. Do you suffer from ill health, or have you? Do you smoke? Do you drink alcohol on a regular basis? Are you overweight, perhaps obese? Is your current occupation more hazardous ? If ‘yes’, you could get up to 30% more income. Step 3. See for yourself some examples of the higher levels of retirement annuity income you could be entitled to on our various annuity rates pages. Step 4. The income shown in our annuity calculator is for a single life, on a level payment basis, without a guarantee period. Might you might wish to think about an escalating income, or, if you’re married, a joint life annuity? Step 5. To get an accurate annuity quote tailored to your requirements, contact us and discuss your circumstances with an adviser. You can call us free on 0800 077 3510.
