If you are about to retire and looking for Prudential annuity rates then bestannuityrates.org.uk can help you find the best annuity rates from the open market. Prudential are a very big company and brand, they do not always offer the best Prudential annuity rates, especially for those who qualify for enhanced annuity rates.

Prudential Annuities

The open market option gives you the right to take your pension pot to the whole market and not just buy Prudential annuities. The whole market means just that, every single provider that offers annuities will quote on your individual circumstances and the annuity rates may be better than those offered by the Prudential annuities.

Prudential enhanced annuity rates

Enhanced Prudential annuity rates are available to those with lifestyle or mild health issues. Prudential do not currently underwrite fully all medical conditions as other specialist enhanced annuity providers do. Therefore make sure you take your pension pot onto the open market to get the best annuity rates.

Independent financial advice is critical to find the best Prudential annuity rates, you do not have to buy your annuity from your pension provider. Use you right to the open market option and let an annuity adviser find you the best annuity rates.

Q. What type of pension do I need to buy a pension annuity?

A. You can buy a lifetime pension annuities if you have one of the following types of pension:

• Personal pension
• Stakeholder pension
• Most Additional Voluntary Contribution (AVC) schemes
• Free-Standing Additional Voluntary Contribution (FSAVC) scheme
• Retirement Annuity Contract (RAC)
• Section 32 policy (buy-out bond)
• Occupational money purchase scheme

If you have a final salary pension then this service is not for you.

Q. How can I benefit by using the open market option?

A. You don’t have to buy your pension annuity from your pension provider. You can shop around. This is known as the Open Market Option. By shopping around you may be able to increase your income by as much as 40%, the choices at retirement are shown below:

• Stay with your Pension provider – standard rates from that provider
• Shopping around If your healthy – can yield up to 17% more
• Enhanced annuities if you have lifestyle or medical conditions – can get you up to 40% more

*The increase are based on a 65 year old man with a £50,000 pension fund,
17% is achieved comparing a standard annuity rate against the best non-enhanced annuity rate
40% is achieved by comparing the standard annuity rate against the best enhanced rate (example presumes person has high cholesterol, high blood pressure and has had a heart attack in the past)

These are just two of the most frequently asked questions and to ensure you get the best pension annuity rates you should seek advice.

‘Pension companies prey on their lack of knowledge by failing to highlight choices or ask for basic information that should rule out the annuity they end up buying. Thousands of pounds have been lost to these retirees and even if they do realise their mistake, they are still locked in for the rest of their lives.’ source www.thisismoney.co.uk 5/8/2010

There is a simple solution, Shop around and take some annuity advice from an independent financial adviser. There is a big big difference between the highest and lowest rates from annuity providers. Taking advice will ensure that you get the best possible rate from all the providers. An independent financial adviser is duty bound to act on your behalf and secure you the best possible product.

Over two thirds of people that retire just purchase their annuity from the pension provider they saved with. There is a 20-30% difference between the best and worst rates and using current rates this could cost you £1,000 per annum if you had a pension pot of around £100,000 to exchange.

The other justification for taking annuity advice is that the adviser will check to see if you qualify for any enhancements due to lifestyle or medical. lifestyle is things like smoking and postcode.

When searching for the best annuity rates the first place to start is with a financial adviser. An adviser will have access to all the annuity deals in the market place and can find you the best annuity rates. The adviser will also have special research software that will make the whole process very simple.

Advisers usually start by asking you questions about the size of your fund, whether you want the pension income to continue after your death, if you need guaranteed payment period and also if you need the income payments to go up each year to keep pace with inflation. At the same time they will enquire about your health and lifestyle as this can give additional income if you qualify for enhanced annuity rates.

With annuity rates, no one provider can offer the best annuity rates for everyone, they all have a target market that they like to attract. For example some providers like to have joint life annuity couple, others prefer to target single males over age 65. This is why it is so important to seek the advice of a financial adviser so they can research the whole market for you.

YOU COULD GET MORE INCOME FROM YOUR ANNUITY BASED ON YOUR HEALTH RISKS AND MEDICAL CONDITIONS. THE MORE SERIOUS YOUR CONDITION(S) THE MORE YOU COULD BE OFFERED.

The following list is an indication of some of the conditions that qualify for enhanced annuity rates.

Alzheimers
Amyotrophic lateral sclerosis (ALS)
Bi-polar disorder
Cerebrovascular accident (CVA)
Cerebrovascular- brain haemorrhage
Cerebrovascular- lacunar infarct
Cerebrovascular- stroke
Cerebrovascular- subarachnoid haemorrhage (SAH)
Cerebrovascular- transient ischaemic attack (TIA)
Deep vein thrombosis (DVT) or pulmonary embolism (PE)
Dementia (All types)
Diabetes, type 1
Diabetes, type 2
Haemochromatosis
Heart- angina
Heart- aortic aneurysm or abdominal aortic aneurysm
Heart- arrhythmia
Heart- atrial fibrillation
Heart attack
Heart- av block
Heart block
Heart- brachycardia
Heart- bradycardia
Heart- cardiomyopathy (All types, incl HOCM)
Heart- endocarditis/myocarditis/pericarditis/viral heart infection
Heart- enlarged heart
Heart failure
Heart inflammation
Heart- pacemaker implant
Heart- prolapse valve
Heart- regurgitation
Heart rhythm disorder
Heart- stenosis
Heart- supraventricular tachycardia (SVT)
Heart- tachycardia
Heart valve disorder (mitral, aortic, bi-cuspid, congenital, from birth)
Heart valve replacement
Heart- ventricular ectopics
HIV/AIDS
Huntington’s disease/chorea
Kidney- (end stage) renal failure (ESRF)
Kidney- chronic kidney disease (CKD)
Kidney- glomerulonephritis
Kidney- other
Kidney- polycystic kidney disease (PKD)
Kidney- transplant
Liver- cirrhosis
Liver- hepatitis (unless hepatitis A and fully recovered)
Liver- other
Liver- transplant
Major organ transplants
Motor neurone disease
Multiple sclerosis (MS) all types
Muscular/myotonic dystrophy
Parkinson’s disease
Peripheral vascular disease (PVD) or intermittent claudication
Respiratory- asbestosis
Respiratory- asthma
Respiratory- bronchiectasis
Respiratory- chronic bronchitis
Respiratory- chronic obstructive pulmonary disease (COPD)
Respiratory- emphysema
Respiratory- pleural plaques
Respiratory- pulmonary fibrosis
Rheumatoid arthritis
Schizophrenia

Finding the best annuities means using the open market option. The open market option allows you the right to take your pension to another annuity provider to find the best annuities.

Finding the Best Annuities

An independent financial adviser will help you find the best annuities by researching on your behalf all the annuity providers after he/she has determined the options you require in your annuities. The adviser will also research your lifestyle and health history to determine if you might also qualify for enhanced annuities.

This really is the best way to find the best annuities, after all your retirement income may have to last you at long time with average life expectancy having risen for both men and women in recent decades.

Enhanced Annuity Rates could give your retirement income a significant boost. You can qualify for lifestyle rates by simply drinking in excess of the normal government published alcohol weekly unit recommendations. If you have more serious medical conditions then you could get anything up to 60% more retirement income.

Examples of some of the conditions that may qualify for enhanced annuity rates:

• cancer
• heart conditions
• diabetes
• asthma
• obesity
• high blood pressure
• High Cholesterol
• Regular tobacco smoker
• organ transplants
• stroke
• liver disease
• alzheimer’s
• chronic lung disease
• kidney disease
• multiple sclerosis
• Parkinson’s Disease
• or a disease of the central nervous system.

This list is just a general idea and to find out if you can qualify we recommend you seek independent financial advice from an annuity specialist such as Retirement Solutions.

If you smoke 10 or more cigarettes a day and have done for 10 years or more then you could be entitled to smoker annuity rates. This can increase the amount of income by as much as 30% depending on who your pension pot is with.

Normally when you apply for insurance products you want to be in perfect health and a non smoker. But when it comes to finding the best annuity rates it is actually the opposite, the more medical conditions you have and if you are a smoker then you could get a considerable enhancement with smoker annuity rates or enhanced annuity rates.

Getting the right advice from an annuity specialist is vitally important to ensure that you get the best annuity rates. The adviser will complete a medical history questionnaire with you and then send this to all the annuity providers that offer enhanced rates for lifestyle and medical conditions. Once all the providers have responded with their rates the adviser will produce a personalised illustration for you. This illustration is only valid for usually 30 days or so as annuity rates can change.

Contact one of our specialist annuity advisers today and get the best annuity rates from the open market.

There are many people today that are beginning to think about their future. If you do not plan for your retirement, chances are you are not going to retire when you wanted to. Look here in order to seek a pension plans that has the best annuity rates UK that you can find. There are many great tips and tools that you will need to have on your side to get the best deal possible!

Getting a quote will always give you an idea of what to expect. Many major companies will offer these quotes through the internet, or you may call and speak with someone. These quotes are designed to help you determine which company has the very best rates so make sure that you compare and see how much you can save.

A rate calculator is another great tool that you can use to your advantage. These are also located online through companies and will give you the best annuity rates UK possible. These tools and resources are free to use for those who simply want to get an idea of the rates that they can expect. This type of research is crucial if you expect to save money and gain as much as you can for your retirement.

Shop around and compare as many quotes and rates as possible. This will essentially help you to save money and help you to ensure you do get the best rates. This of course is going to take some extra time, but it will be worth it in the long run. Compare the prices and how much you will receive in the long run.

These annuity rates are meant to maximize your overall retirement. If you do not do the right amount of research you, you are only going to be losing out on money. Make sure that this does not happen to you; get the most from your retirement plan or pension plan!

Best annuity rates are not difficult to find. Many have been able to get a lot of retirement protection and aid simply by using tools to find the right rates. Look around today and see what is out there!

Nowadays a lot of insurance brokers and insurance companies are offering calculators to calculate annuity on the internet. In order to find one of these calculators it is very easy and all that you need to do is to type into one of the famous search bars a phrase such as online annuity calculator.

When you get the results from this search you will probably find that you have a very long list. A lot of these companies will be encouraging you to try out their latest gadget.

It is important to remember that you do not actually need to use one of the online calculators. There are a lot of annuity calculators for finding the best annuity rates that are non virtual which are capable of doing the same job. This calculation can also be done using a piece of paper and a pencil and this job is really just a case of crunching numbers.

The online calculators make this task a lot easier and a lot of these calculators offer you the facility to save the calculation that you have just completed. The best online calculator will be found on the sites which also give you a chance to compare what one site offer compares to what the other sites offer.

A lot of these sites allow people to compare over three hundred different fixed annuities. There are some sites, which also offer facilities, which enable you to compare the type of income that you could achieve from indexed annuities, CD type annuities and also annuities, which have variable rates.

The best thing that about these online calculators is that it has the ability to assist you to determine exactly how the secure investment, which has the ability to delay tax can actually help you. These investments will enable you to make things easier when you are senior citizen.