Site Index
Annuity RatesWhether you’re fit and healthy, suffering from poor health, overweight or a smoker, we’ll find you a higher annuity income for your retirement.
Annuity OptionsYou can add various options to your annuity to tie in with your personal circumstances. Click here for details of the options that might apply to you.
Annuity TypesIt’s important that you select the right type of annuity for your requirements. Click here for details of the various annuities available.
Annuity Rates
You could qualify for a significantly higher annuity income
Annuity rates are currently at the lowest level in their history and it’s never been more important to do whatever you can to get the best deal at retirement.
There are certain steps you can take that can help you achieve a higher income.
Use a specialist service such as this to research the market for you.
Don’t just get annuity quotes from one company; make sure you’ve a choice.
Be prepared to disclose details about your lifestyle or your state of health.
Don’t simply accept the annuity quote from your current pension company.
Click on the annuity calculator to obtain a free personalised quote.
There’s every chance of you getting a higher retirement income. Around 40% of people at retirement do, and that could include you.
What effects the annuity rates you’re offered
Annuity rates are now based on various factors, and you need to consider if these apply to you. If they do, let us know. This will help you get higher annuity rates. The more you disclose, the higher the annuity rates and the higher your income.
Postcode annuities. These are rated on where you live. People living in ‘less wealthy’ areas get higher annuity rates.
Ill health. If you suffer from ill health, or if you have in the past, you could get significantly higher annuity rates.
Lifestyle issues. Do you smoke? Are you overweight? Are you a regular drinker? If so, you could get higher rates.
If you fail to mention something, then it can’t be taken into account, which could cost you dearly in terms of lost income.
Annuity rates vary greatly from provider to provider
There can be a difference of up to 20% in the standard annuity rates offered by some companies. If you consider the effects your health or lifestyle can make, then this difference is even more significant.
Our annuity calculator provides personalised quotes at today’s annuity rates based on age, gender, size of pension fund, and postcode. Any health or lifestyle issues you have will increase the resulting income shown, possibly by up to 40%.
Click on the the following links for some example quotes:
Standard annuity rates apply if you’re in good health and non-smoking.
Enhanced annuity rates apply if you currently suffer from ill health, or if you’ve suffered from ill health in the past.
Smoker annuity rates apply if you’re a regular smoker, and have been for the last 10 years.
If you qualify for higher annuity rates you could improve your retirement income substantially.
Why higher annuity rates are payable
If you consider other financial products, particularly insurance, if you smoke or if you’re in poor health you get a worse deal. The opposite is true when it comes to annuities.
Smokers and people in poor health can benefit from HIGHER annuity rates, for the simple reason that their life expectancy is lower than for healthy people, so the annuity provider calculates it won’t have to pay out for so long.
If you smoke, if you’ve been ill, or even if you’re only slightly overweight, it’s worth checking out what rates are available. Have you had a health check recently? Did it reveal anything?
