Pension Annuity Rates
pension annuity rates
Pension Annuity Rates – Did You Know That if You Qualify for an Enhanced Annuity You Could Get Up to 40% More Income From Your Pension Provider?
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Note: Even if you don’t have a medical condition you may qualify for a higher annuity rate. Please fill in the form above to see if you qualify for an enhanced annuity rate!
Do you want to have a guaranteed income for the rest of your life after you retire?
Not knowing whether or not you will have enough funds to cover all your expenses after retirement or whether or not you will have something to leave your loved ones after you die can be very worrying, and are in fact, common concerns among those considering retirement.
If you buy a pension annuity, however, you won’t have to trouble yourself with these matters, especially if you make an effort to look for good pension annuity rates.
What is a Pension Annuity?
A pension annuity is an investment policy that is purchased using your pension funds. Basically, once you receive your pension, you can convert it into a series of periodic payments that will last you throughout your retirement, ensuring that you have an income that cannot be outlived.
Annuities can also be bought using a lump sum from personal savings if you don’t have a personal pension, in which case these are called purchased life annuities.
Aside from the guaranteed income, annuities offer the benefits of tax relief, low risk and flexibility, since there are a number of types, features and options to choose from.
Calculating Pension Annuity Rates
Pension annuity rates vary from one person to another, depending on several important factors, including:
- life expectancy
- size of pension fund
- marital status
- type of annuity and features
- frequency of annuity payments
- current interest rates and other economic trends
If you want to get an idea of how much you will get, you can use a pension annuity rates calculator online. To get the best rates however, it is recommended that you consult an independent financial adviser.
Why Seek Financial Advice
Consulting a financial adviser is the best way to get accurate pension annuity quotes in the market. Indeed, if you do a search online, you might just end up getting inaccurate and misleading quotes, not to mention that you will have to spend a lot of time, too.
Aside from giving you information on the current pension annuity rates, a financial adviser can guide you in finding the best providers and products available by helping you look at pension annuity comparison tables. He can also check if you qualify for an enhanced annuity, a type of pension annuity that provides 20 to 40 percent higher rates than the standard annuity.
Not sure where to find a financial adviser? Simply fill up our online form at no obligation whatsoever and we can arrange for one of our financial experts to offer you advice and assistance in getting the best pension annuity rates.
