I’ve just seen an article on TV about annuities. It said you should use the open market option for the best annuity rates for your retirement income. Annuities quotes from the open market will include all the different annuity providers and not just a single provider or a panel of providers. It will also include specialist providers who excel in the area of ill health. To use the open market option and get you annuity quotes is very simple. We recommend that you use a specialist annuity desk such as this that transacts this type of business each and every day and will be able to guide you all the way through the process.
What exactly is the annuity quote process? It starts with asking questions about the shape of annuity you require for your circumstances. The shape is the options that you might want built into your annuity. There are several: a continuing pension for your spouse or civil partner, a guarantee payment period, escalation in payment to protect against ongoing inflation, and value protection which pays out any unpaid pension fund monies on death before age 75. but there is a tax charge of 35%. Once you have chosen the shape then annuity quotes can be prepared to match using the open market option. It should be pointed out that each of the options chosen will actually reduce the amount of income from a standard single life annuity that doesn’t have any options.
